Citizens Bank Inc Mortgage Rates, Fees & Info

Robertsdale, AL

LEI: 5493000XGU4RX824L971

Tax ID: 63-0808871

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Mortgage Data

Review & Overview

Citizens Bank Inc is a smaller bank specializing in Refi and Home Purchase loans. Citizens Bank Inc has a high proportion of conventional loans. Their top two markets are Daphne and Montgomery .

Citizens Bank Inc has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

21

Origination Dollar Volume (All Markets)

$2,485,000

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 20 $2,440,000 $122,000 $0 0.00%
MONTGOMERY, AL (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Citizens Bank Inc's top markets include Daphne and Montgomery among others.

Their top states include:
  • Alabama (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 21 $2,485,000 $118,333 $0 0.00%

    For 2023, Citizens Bank Inc's most frequently originated type of loan was Conventional, with 21 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 13 $1,015,000 $78,077 $0 0.00%
    Home Purchase 6 $1,200,000 $200,000 $0 0.00%
    Home Improvement 1 $35,000 $35,000 $0 0.00%
    Other 1 $235,000 $235,000 $0 0.00%

    For 2023, Citizens Bank Inc's most frequently cited loan purpose was Refi, with 13 originations. The 2nd most popular reason was Home Purchase, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 21 $2,485,000 $118,333 $0 0.00%

    For 2023, Citizens Bank Inc's most frequently cited loan duration was Other, with 21 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 11 $585,000 $53,182 $0 0.00%
    $100k-200k 7 $1,035,000 $147,857 $0 0.00%
    $200k-400k 2 $450,000 $225,000 $0 0.00%
    $400k-600k 1 $415,000 $415,000 $0 0.00%

    2023 saw Citizens Bank Inc place emphasis on $100,000 or less loans with 11 originations, totaling $585,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 4 $470,000 $117,500 $0 0.00%
    $50k-75k 4 $260,000 $65,000 $0 0.00%
    $250k+ 3 $545,000 $181,667 $0 0.00%
    $150k-250k 2 $390,000 $195,000 $0 0.00%
    $50k or less 2 $110,000 $55,000 $0 0.00%
    $75k-100k 1 $45,000 $45,000 $0 0.00%

    Citizens Bank Inc lent most frequently to those with incomes in the $100k-150k range, with 4 originations. The second most popular income band? $50k-75k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 21 $2,485,000 $118,333 $0 0.00%

    Citizens Bank Inc lent most frequently to those with DTI ratios of Exempt%, with 21 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 16 $1,820,000 $113,750 $0 0.00%
    Not applicable 5 $665,000 $133,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.31%

    Citizens Bank Inc has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.71%

    Citizens Bank Inc has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 21 $2,485,000 $118,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    21 $2,485,000 $118,333