Citizens Bank & Trust Co Mortgage Rates, Fees & Info

Covington, LA

LEI: 5493003SOHU5A9BPKB06

Tax ID: 72-0368743

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Citizens Bank & Trust Co is a smaller bank specializing in Refi loans. Citizens Bank & Trust Co has a high proportion of conventional loans. Their top markets by origination volume include: Hammond, New Orleans, Mobile, Hattiesburg, and Baton Rouge among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens Bank & Trust Co 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.

    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.

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    Originations

    38

    Origination Dollar Volume (All Markets)

    $10,330,000

    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
    HAMMOND, LA (FHA|USDA|VA) 11 $4,785,000 $435,000 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 19 $4,525,000 $238,158 $0 0.00%
    MOBILE, AL (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
    HATTIESBURG, MS (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 3 $135,000 $45,000 $0 0.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Bogalusa, LA (FHA|USDA|VA) 2 $80,000 $40,000 $0 0.00%
    Citizens Bank & Trust Co's top markets include Hammond, New Orleans, Mobile, Hattiesburg, and Baton Rouge among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 38 $10,330,000 $271,842 $0 0.00%

    For 2023, Citizens Bank & Trust Co's most frequently originated type of loan was Conventional, with 38 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 20 $7,130,000 $356,500 $0 0.00%
    Home Purchase 10 $2,060,000 $206,000 $0 0.00%
    Home Improvement 5 $675,000 $135,000 $0 0.00%
    Other 3 $465,000 $155,000 $0 0.00%

    For 2023, Citizens Bank & Trust Co's most frequently cited loan purpose was Refi, with 20 originations. The 2nd most popular reason was Home Purchase, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 38 $10,330,000 $271,842 $0 0.00%

    For 2023, Citizens Bank & Trust Co's most frequently cited loan duration was Other, with 38 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 18 $1,080,000 $60,000 $0 0.00%
    $200k-400k 7 $2,205,000 $315,000 $0 0.00%
    $100k-200k 6 $750,000 $125,000 $0 0.00%
    $400k-600k 3 $1,405,000 $468,333 $0 0.00%
    $1MM+ 2 $3,410,000 $1,705,000 $0 0.00%
    $600k-1MM 2 $1,480,000 $740,000 $0 0.00%

    2023 saw Citizens Bank & Trust Co place emphasis on $100,000 or less loans with 18 originations, totaling $1,080,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 6 $980,000 $163,333 $0 0.00%
    $150k-250k 5 $905,000 $181,000 $0 0.00%
    $50k-75k 4 $570,000 $142,500 $0 0.00%
    $50k or less 3 $105,000 $35,000 $0 0.00%
    $75k-100k 2 $550,000 $275,000 $0 0.00%
    $100k-150k 1 $165,000 $165,000 $0 0.00%

    Citizens Bank & Trust Co lent most frequently to those with incomes in the $250k+ range, with 6 originations. The second most popular income band? $150k-250k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 38 $10,330,000 $271,842 $0 0.00%

    Citizens Bank & Trust Co lent most frequently to those with DTI ratios of Exempt%, with 38 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 17 $7,055,000 $415,000 $0 0.00%
    White 17 $2,295,000 $135,000 $0 0.00%
    Black 3 $905,000 $301,667 $0 0.00%
    Not provided 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Citizens Bank & Trust Co has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    78.95%

    Citizens Bank & Trust Co has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 38 $10,330,000 $271,842

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    38 $10,330,000 $271,842