The Citizens Bank Mortgage Rates, Fees & Info
Batesville, ARLEI: 5493004EVKOLRF3JI477
Tax ID: 71-0258539
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Mortgage Data
Review & Overview
The Citizens Bank is a smaller bank specializing in Home Purchase and Refi loans. The Citizens Bank has a high proportion of conventional loans. Their top markets by origination volume include: Little Rock, Fayetteville, Batesville, Hot Springs, and Malvern among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)The 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. The Citizens Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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Originations
131Origination Dollar Volume (All Markets)
$36,255,000Relative Rate
The Citizens Bank's average 30 year fixed mortgage rate was
6%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.48%.
Relative Fees (Closing Costs)
The Citizens Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,029.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 20 | $14,320,000 | $716,000 | $4,598 | 8.19% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 18 | $9,880,000 | $548,889 | $0 | 8.29% |
| Batesville, AR (FHA|USDA|VA) | 53 | $4,645,000 | $87,642 | $1,407 | 8.56% |
| Outside of Metro Areas | 23 | $4,055,000 | $176,304 | $2,336 | 8.73% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 5 | $995,000 | $199,000 | $0 | 9.10% |
| Malvern, AR (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $2,937 | 8.35% |
| Camden, AR (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $0 | 8.99% |
| Arkadelphia, AR (FHA|USDA|VA) | 5 | $535,000 | $107,000 | $0 | 8.60% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,201 | 7.63% |
| Magnolia, AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 8.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 131 | $36,255,000 | $276,756 | $1,891 | 8.51% |
For 2023, The Citizens Bank's most frequently originated type of loan was Conventional, with 131 originations.
Loan Reason
For 2023, The Citizens Bank's most frequently cited loan purpose was Home Purchase, with 88 originations. The 2nd most popular reason was Refi, with 23 originations.
Loan Duration/Length
For 2023, The Citizens Bank's most frequently cited loan duration was Other, with 56 originations. The 2nd most popular length was 5 Year, with 56 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 38 | $4,500,000 | $118,421 |
| $1k-2k | 4 | $910,000 | $227,500 |
| $3k-4k | 1 | $545,000 | $545,000 |
| $4k-5k | 1 | $925,000 | $925,000 |
The Citizens Bank's average total fees were $8,029, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 38 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 94 | $24,370,000 | $259,255 |
| 7-8% | 33 | $10,535,000 | $319,242 |
| 6-7% | 3 | $425,000 | $141,667 |
| 5-6% | 1 | $925,000 | $925,000 |
During 2023, The Citizens Bank's average interest rate for loans was 6.00%, while their most frequently originated rate bucket for loans was Over 8%, with 94 originations.
Loan Sizing
2023 saw The Citizens Bank place emphasis on $100,000 or less loans with 66 originations, totaling $3,670,000 in origination value.
Applicant Income
The Citizens Bank lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $100k-150k, with 17 originations.
Applicant Debt to Income Ratio
The Citizens Bank lent most frequently to those with DTI ratios of 20-30%, with 14 originations. The next most common DTI ratio? <20%, with 12 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 62 | $25,940,000 | $418,387 | $0 | 8.41% |
| White | 69 | $10,315,000 | $149,493 | $1,891 | 8.59% |
Approval Rates
Total approvals of all applications81.08%
The Citizens Bank has a below average approval rate.
Pick Rate
Approvals leading to origination85.50%
The Citizens Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 131 | $36,255,000 | $276,756 |