The Citizens Bank Mortgage Rates, Fees & Info
Batesville, ARLEI: 5493004EVKOLRF3JI477
Tax ID: 71-0258539
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Citizens Bank is a smaller bank specializing in Home Purchase loans. The Citizens Bank has a high proportion of conventional loans. Their top markets by origination volume include: Fayetteville, Paragould, Batesville, Little Rock, and Springfield among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)The Citizens Bank 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
212Origination Dollar Volume (All Markets)
$71,530,000Top 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 |
|---|---|---|---|---|---|
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 23 | $19,645,000 | $854,130 | $4,137 | 5.32% |
| Paragould, AR (FHA|USDA|VA) | 2 | $14,380,000 | $7,190,000 | $0 | 5.00% |
| Batesville, AR (FHA|USDA|VA) | 97 | $11,715,000 | $120,773 | $1,676 | 5.77% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 26 | $8,970,000 | $345,000 | $2,968 | 5.31% |
| Outside of Metro Areas | 26 | $5,960,000 | $229,231 | $2,362 | 5.37% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $4,205,000 | $4,205,000 | $0 | 4.09% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 14 | $2,740,000 | $195,714 | $2,332 | 5.72% |
| Arkadelphia, AR (FHA|USDA|VA) | 14 | $1,750,000 | $125,000 | $1,685 | 5.46% |
| TULSA, OK (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $0 | 3.50% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 4.75% |
| Searcy, AR (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $1,254 | 4.65% |
| Branson, MO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 5.50% |
| Malvern, AR (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $1,239 | 6.95% |
| Russellville, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.95% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 212 | $71,530,000 | $337,406 | $1,981 | 5.55% |
For 2022, The Citizens Bank's most frequently originated type of loan was Conventional, with 212 originations.
Loan Reason
For 2022, The Citizens Bank's most frequently cited loan purpose was Home Purchase, with 154 originations. The 2nd most popular reason was Refi, with 34 originations.
Loan Duration/Length
For 2022, The Citizens Bank's most frequently cited loan duration was Other, with 108 originations. The 2nd most popular length was 5 Year, with 73 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 71 | $10,135,000 | $142,746 |
| $1k-2k | 15 | $3,385,000 | $225,667 |
| $2k-3k | 4 | $2,000,000 | $500,000 |
| $5k+ | 2 | $2,040,000 | $1,020,000 |
The Citizens Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 71 originations.
Interest Rates
During 2022, The Citizens Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 77 originations.
Loan Sizing
2022 saw The Citizens Bank place emphasis on $100,000 or less loans with 90 originations, totaling $4,830,000 in origination value.
Applicant Income
The Citizens Bank lent most frequently to those with incomes in the $50k-75k range, with 31 originations. The second most popular income band? $50k or less, with 26 originations.
Applicant Debt to Income Ratio
The Citizens Bank lent most frequently to those with DTI ratios of 20-30%, with 26 originations. The next most common DTI ratio? <20%, with 22 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.30%
The Citizens Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.13%
The Citizens Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 212 | $71,530,000 | $337,406 |