Citizens Bank Mortgage Rates, Fees & Info

Mukwonago, WI

LEI: 5493002FSR6V2NM1K863

Tax ID: 39-0210030

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Mortgage Data

Bank Data

Review & Overview

Citizens Bank is a smaller bank specializing in Home Purchase and Refi loans. Citizens Bank has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Racine, Whitewater, Watertown, and Sheboygan among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.76% 3/28/24
30 Year Conventional Refi 6.38% 3/28/24
30 Year Cash-out Refi 6.38% 3/28/24
15 Year Conventional Purchase 6.32% 3/28/24
15 Year Conventional Refi 5.97% 3/28/24
15 Year Cash-out Refi 5.97% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Citizens Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Citizens Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

346

Origination Dollar Volume (All Markets)

$101,320,000

Employee count

156

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
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 219 $64,565,000 $294,817 $0 0.00%
RACINE, WI (FHA|USDA|VA) 33 $12,715,000 $385,303 $0 0.00%
Whitewater, WI (FHA|USDA|VA) 58 $11,400,000 $196,552 $0 0.00%
Outside of Metro Areas 15 $3,565,000 $237,667 $0 0.00%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 12 $2,410,000 $200,833 $0 0.00%
SHEBOYGAN, WI (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 0.00%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $1,835,000 $1,835,000 $0 0.00%
FOND DU LAC, WI (FHA|USDA|VA) 2 $1,570,000 $785,000 $0 0.00%
MADISON, WI (FHA|USDA|VA) 2 $800,000 $400,000 $0 0.00%
GREEN BAY, WI (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
Beaver Dam, WI (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Marinette, WI-MI (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Citizens Bank's top markets include Milwaukee, Racine, Whitewater, Watertown, and Sheboygan among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 346 $101,320,000 $292,832 $0 0.00%

    For 2019, Citizens Bank's most frequently originated type of loan was Conventional, with 346 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 129 $59,435,000 $460,736 $0 0.00%
    Refi 106 $23,480,000 $221,509 $0 0.00%
    Cash Out Refi 89 $16,755,000 $188,258 $0 0.00%
    Home Improvement 11 $1,015,000 $92,273 $0 0.00%
    Other 11 $635,000 $57,727 $0 0.00%

    For 2019, Citizens Bank's most frequently cited loan purpose was Home Purchase, with 129 originations. The 2nd most popular reason was Refi, with 106 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 346 $101,320,000 $292,832 $0 0.00%

    For 2019, Citizens Bank's most frequently cited loan duration was Other, with 346 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 135 $36,395,000 $269,593 $0 0.00%
    $100k-200k 123 $18,485,000 $150,285 $0 0.00%
    $100,000 or less 58 $3,250,000 $56,034 $0 0.00%
    $400k-600k 21 $9,595,000 $456,905 $0 0.00%
    $1MM+ 8 $32,760,000 $4,095,000 $0 0.00%
    $600k-1MM 1 $835,000 $835,000 $0 0.00%

    2019 saw Citizens Bank place emphasis on $200k-400k loans with 135 originations, totaling $36,395,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 98 $21,630,000 $220,714 $0 0.00%
    $50k-75k 60 $9,170,000 $152,833 $0 0.00%
    $75k-100k 59 $10,185,000 $172,627 $0 0.00%
    $150k-250k 41 $11,355,000 $276,951 $0 0.00%
    $50k or less 32 $3,410,000 $106,563 $0 0.00%
    $250k+ 21 $6,315,000 $300,714 $0 0.00%

    Citizens Bank lent most frequently to those with incomes in the $100k-150k range, with 98 originations. The second most popular income band? $50k-75k, with 60 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 346 $101,320,000 $292,832 $0 0.00%

    Citizens Bank lent most frequently to those with DTI ratios of Exempt%, with 346 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 318 $64,410,000 $202,547 $0 0.00%
    Not applicable 15 $34,865,000 $2,324,333 $0 0.00%
    Not provided 11 $1,595,000 $145,000 $0 0.00%
    American Indian 2 $450,000 $225,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.39%

    Citizens Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.66%

    Citizens Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 346 $101,320,000 $292,832

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $33,300,000 $3,330,000
    Single Family (1-4 Units):Site-Built 336 $68,020,000 $202,440

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 10 4.3%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 6 2.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Incorrect information on your report 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 20 8.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 81 34.8%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Closing on a mortgage 3 1.3%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Incorrect information on your report 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Struggling to pay mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Trouble during payment process 13 5.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 11 4.7%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 9 3.9%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 8 3.4%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 52 22.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Closing on a mortgage 4 1.7%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Struggling to pay mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Trouble during payment process 3 1.3%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Struggling to pay mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 2 0.9%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Citizens Bank 1010 North Rochester Street Mukwonago, WI 53149 Full Service Retail $6,566
    Citizens Bank 12455 W. Janesville Rd Muskego, WI 53150 Limited, Mobile/Seasonal Office $0
    Citizens Bank 2109 Corporate Drive Waukesha, WI 53189 Full Service B&M $33,795
    Citizens Bank 2541a Main Street East Troy, WI 53120 Full Service B&M $31,271
    Citizens Bank 301 North Rochester Mukwonago, WI 53149 Full Service B&M $271,893
    Citizens Bank 3238 West Main Street East Troy, WI 53120 Full Service Retail $19,014
    Citizens Bank 5450 South Moorland Road New Berlin, WI 53151 Full Service B&M $39,394
    Citizens Bank 841 County Nn East Mukwonago, WI 53149 Limited, Mobile/Seasonal Office $0
    Citizens Bank 875 South Rochester Street Mukwonago, WI 53149 Full Service B&M $17,561
    Citizens Bank S74 W17005 South Janesville Road Muskego, WI 53150 Full Service Retail $16,363
    Citizens Bank S90 W35680 Highway Nn Eagle, WI 53119 Full Service B&M $31,712
    Citizens Bank W181 S8540 Lodge Boulevard Muskego, WI 53150 Limited, Mobile/Seasonal Office $0
    Citizens Bank W230 S9125 Clark Street Big Bend, WI 53103 Full Service B&M $84,058
    Citizens Bank W236 S7050 Big Bend Drive Big Bend, WI 53103 Full Service B&M $63,891
    Citizens Bank W307n4823 Hwy 83 Mukwonago, WI 53149 Full Service B&M $53,703

    For 2019, Citizens Bank had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $31,902
    Net interest income $25,672
    Total noninterest income $5,936
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $880
    Trading account gains and fees $0
    Additional Noninterest Income $5,056
    Pre-tax net operating income $12,664
    Securities gains (or losses, -) $4
    Income before extraordinary items $9,388
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,388
    Minority interest net income $0
    Net income $9,388
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,384

    Citizens Bank's gross interest income from loans was $31,902,000.
    Citizens Bank's net interest income from loans was $25,672,000.
    Citizens Bank's fee based income from loans was $880,000.
    Citizens Bank's net income from loans was $9,388,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,230
    Provision for credit losses $0
    Total noninterest expense $18,944
    Salaries and employee benefits $12,255
    Premises and equipment expense $2,177
    Additional noninterest expense $4,512
    Applicable income taxes $3,280
    Net charge-offs $-918
    Cash dividends $2,000

    Citizens Bank's interest expense for loans was $6,230,000.
    Citizens Bank's payroll and benefits expense were $12,255,000.
    Citizens Bank's property, plant and equipment expenses $2,177,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $689,517
    Deposits held in domestic offices $689,517
    Deposits by Individuals, partnerships, and corporations $619,888
    Deposits by U.S. Government $4
    Deposits by States and political subdivisions in the U.S. $69,625
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $195,366
    Demand deposits $133,604
    Nontransaction accounts $494,151
    Money market deposit accounts (MMDAs) $197,804
    Other savings deposits (excluding MMDAs) $124,665
    Total time deposits $171,681
    Total time and savings deposits $555,913
    Noninterest-bearing deposits $131,398
    Interest-bearing deposits $558,119
    Retail deposits $671,589
    IRAs and Keogh plan accounts $37,610
    Brokered deposits $5
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $792,997
    Cash & Balances due from depository institutions $82,648
    Interest-bearing balances $63,731
    Total securities $144,397
    Federal funds sold & reverse repurchase $0
    Net loans and leases $539,413
    Loan and leases loss allowance $4,643
    Trading account assets $0
    Bank premises and fixed assets $9,291
    Other real estate owned $0
    Goodwill and other intangibles $2,384
    All other assets $14,864

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $792,997
    Total Liabilities $690,657
    Total deposits $689,517
    Interest-bearing deposits $558,119
    Deposits held in domestic offices $689,517
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,140

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $539,413
    Loan and leases loss allowance $4,643
    Total loans and leases (domestic) $544,056
    All real estate loans $478,233
    Real estate loans in domestic offices $478,233
    Construction and development loans $65,685
    Residential 1-4 family construction $7,455
    Other construction, all land development and other land $58,230
    Loans secured by nonfarm nonresidential properties $309,709
    Nonfarm nonresidential secured by owner-occupied properties $110,190
    Commercial real estate & other non-farm, non-residential $199,519
    Multifamily residential real estate $26,912
    1-4 family residential loans $75,732
    Farmland loans $195
    Loans held in foreign offices $0
    Farm loans $250
    Commercial and industrial loans $60,903
    To non-U.S. addressees $0
    Loans to individuals $1,287
    Credit card loans $0
    Related Plans $40
    Consumer Auto Loans $0
    Other loans to individuals $1,247
    All other loans & leases $3,383
    Loans to foreign governments and official institutions $0
    Other loans $3,383
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,590
    Non 1-4 family restructured loans & leases $1,983
    Total loans and leases (foreign) $0

    Citizens Bank had $539,413,000 of loans outstanding in 2019. $478,233,000 of loans were in real estate loans. $65,685,000 of loans were in development loans. $26,912,000 of loans were in multifamily mortgage loans. $75,732,000 of loans were in 1-4 family mortgage loans. $250,000 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 385 $99,127 $257,473
    Nonfarm, nonresidential loans - <$100k 60 $2,885 $48,083
    Nonfarm, nonresidential loans - $100-250k 130 $17,772 $136,708
    Nonfarm, nonresidential loans - $250k-1MM 195 $78,470 $402,410
    Commercial & Industrial, US addressed loans - <$1MM 545 $27,974 $51,328
    Commercial & Industrial, US addressed loans - <$100k 387 $8,035 $20,762
    Commercial & Industrial, US addressed loans - $100-250k 101 $9,304 $92,119
    Commercial & Industrial, US addressed loans - $250k-1MM 57 $10,635 $186,579
    Farmland loans - <$1MM 1 $195 $195,000
    Farmland loans - $250k-1MM 1 $195 $195,000
    Agriculture operations loans - <$1MM 1 $250 $250,000
    Agriculture operations loans - $100-250k 1 $250 $250,000