The Citizens Bank Mortgage Rates, Fees & Info
Batesville, ARLEI: 5493004EVKOLRF3JI477
Tax ID: 71-0258539
Latest/2024 | 2023 Data | 2022 Data | 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, Little Rock, Batesville, Jonesboro, and Hot Springs among others. We have data for 11 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.
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Originations
137Origination Dollar Volume (All Markets)
$55,925,000Top 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) | 20 | $29,350,000 | $1,467,500 | $0 | 8.77% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 20 | $6,180,000 | $309,000 | $6,124 | 8.72% |
| Batesville, AR (FHA|USDA|VA) | 54 | $6,130,000 | $113,519 | $1,634 | 9.09% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $6,005,000 | $6,005,000 | $0 | 8.50% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 9 | $3,615,000 | $401,667 | $5,745 | 8.89% |
| Outside of Metro Areas | 19 | $2,745,000 | $144,474 | $1,534 | 9.66% |
| Arkadelphia, AR (FHA|USDA|VA) | 9 | $1,125,000 | $125,000 | $0 | 9.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 8.75% |
| Malvern, AR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 9.25% |
| Searcy, AR (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 9.00% |
| Harrison, AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,914 | 8.85% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 137 | $55,925,000 | $408,212 | $2,100 | 9.05% |
For 2024, The Citizens Bank's most frequently originated type of loan was Conventional, with 137 originations.
Loan Reason
For 2024, The Citizens Bank's most frequently cited loan purpose was Home Purchase, with 89 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
For 2024, The Citizens Bank's most frequently cited loan duration was 5 Year, with 62 originations. The 2nd most popular length was Other, with 43 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 30 | $3,440,000 | $114,667 |
| $1k-2k | 3 | $475,000 | $158,333 |
| $5k+ | 2 | $2,240,000 | $1,120,000 |
| $2k-3k | 1 | $485,000 | $485,000 |
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 30 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 128 | $53,110,000 | $414,922 |
| 7-8% | 7 | $2,225,000 | $317,857 |
| 6-7% | 2 | $590,000 | $295,000 |
During 2024, The Citizens Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 128 originations.
Loan Sizing
2024 saw The Citizens Bank place emphasis on $100,000 or less loans with 56 originations, totaling $2,950,000 in origination value.
Applicant Income
The Citizens Bank lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $75k-100k, with 16 originations.
Applicant Debt to Income Ratio
The Citizens Bank lent most frequently to those with DTI ratios of 20-30%, with 8 originations. The next most common DTI ratio? 30-36%, with 8 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.79%
The Citizens Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.40%
The Citizens Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 137 | $55,925,000 | $408,212 |