Citizens Bank And Trust Company Mortgage Rates, Fees & Info

Blackstone, VA

LEI: 54930085YFG0F7C2GE23

Tax ID: 54-0169450

Latest/2024 | 2023 Data | 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 And Trust Company is a smaller bank specializing in Home Purchase loans. Citizens Bank And Trust Company has a high proportion of conventional loans. Their top two markets are Richmond and Lynchburg .

    Citizens Bank And Trust Company has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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    Originations

    123

    Origination Dollar Volume (All Markets)

    $29,085,000

    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
    Outside of Metro Areas 72 $14,580,000 $202,500 $0 0.00%
    RICHMOND, VA (FHA|USDA|VA) 50 $14,280,000 $285,600 $0 0.00%
    LYNCHBURG, VA (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Citizens Bank And Trust Company's top markets include Richmond and Lynchburg among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 123 $29,085,000 $236,463 $0 0.00%

    For 2024, Citizens Bank And Trust Company's most frequently originated type of loan was Conventional, with 123 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 79 $22,925,000 $290,190 $0 0.00%
    Home Improvement 21 $3,125,000 $148,810 $0 0.00%
    Refi 18 $2,150,000 $119,444 $0 0.00%
    Other 4 $610,000 $152,500 $0 0.00%
    Cash Out Refi 1 $275,000 $275,000 $0 0.00%

    For 2024, Citizens Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 79 originations. The 2nd most popular reason was Home Improvement, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 123 $29,085,000 $236,463 $0 0.00%

    For 2024, Citizens Bank And Trust Company's most frequently cited loan duration was Other, with 123 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 40 $2,230,000 $55,750 $0 0.00%
    $100k-200k 31 $4,505,000 $145,323 $0 0.00%
    $200k-400k 29 $7,915,000 $272,931 $0 0.00%
    $400k-600k 15 $7,295,000 $486,333 $0 0.00%
    $600k-1MM 6 $4,300,000 $716,667 $0 0.00%
    $1MM+ 2 $2,840,000 $1,420,000 $0 0.00%

    2024 saw Citizens Bank And Trust Company place emphasis on $100,000 or less loans with 40 originations, totaling $2,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 26 $3,910,000 $150,385 $0 0.00%
    $150k-250k 21 $7,365,000 $350,714 $0 0.00%
    $75k-100k 15 $3,285,000 $219,000 $0 0.00%
    $50k or less 12 $960,000 $80,000 $0 0.00%
    $250k+ 11 $4,835,000 $439,545 $0 0.00%
    $50k-75k 9 $475,000 $52,778 $0 0.00%

    Citizens Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 26 originations. The second most popular income band? $150k-250k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 123 $29,085,000 $236,463 $0 0.00%

    Citizens Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 123 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 73 $15,905,000 $217,877 $0 0.00%
    Not applicable 28 $8,130,000 $290,357 $0 0.00%
    Not provided 6 $2,070,000 $345,000 $0 0.00%
    Black 13 $1,915,000 $147,308 $0 0.00%
    Asian 3 $1,065,000 $355,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.74%

    Citizens Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.56%

    Citizens Bank And Trust Company has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 123 $29,085,000 $236,463

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    123 $29,085,000 $236,463