Citizens Bank And Trust Company Mortgage Rates, Fees & Info

Blackstone, VA

LEI: 54930085YFG0F7C2GE23

Tax ID: 54-0169450

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

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 markets by origination volume include: Richmond, Kill Devil Hills, Washington, Roanoke, and Lynchburg among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    164

    Origination Dollar Volume (All Markets)

    $33,670,000

    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
    RICHMOND, VA (FHA|USDA|VA) 64 $18,910,000 $295,469 $0 0.00%
    Outside of Metro Areas 93 $13,615,000 $146,398 $0 0.00%
    Kill Devil Hills, NC (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    ROANOKE, VA (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    LYNCHBURG, VA (FHA|USDA|VA) 2 $90,000 $45,000 $0 0.00%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Danville, VA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Citizens Bank And Trust Company's top markets include Richmond, Kill Devil Hills, Washington, Roanoke, and Lynchburg among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 164 $33,670,000 $205,305 $0 0.00%

    For 2022, Citizens Bank And Trust Company's most frequently originated type of loan was Conventional, with 164 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 113 $26,475,000 $234,292 $0 0.00%
    Refi 37 $5,665,000 $153,108 $0 0.00%
    Home Improvement 14 $1,530,000 $109,286 $0 0.00%

    For 2022, Citizens Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 113 originations. The 2nd most popular reason was Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 164 $33,670,000 $205,305 $0 0.00%

    For 2022, Citizens Bank And Trust Company's most frequently cited loan duration was Other, with 164 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 57 $3,245,000 $56,930 $0 0.00%
    $100k-200k 55 $7,935,000 $144,273 $0 0.00%
    $200k-400k 35 $9,835,000 $281,000 $0 0.00%
    $400k-600k 7 $3,545,000 $506,429 $0 0.00%
    $600k-1MM 7 $4,875,000 $696,429 $0 0.00%
    $1MM+ 3 $4,235,000 $1,411,667 $0 0.00%

    2022 saw Citizens Bank And Trust Company place emphasis on $100,000 or less loans with 57 originations, totaling $3,245,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 33 $3,035,000 $91,970 $0 0.00%
    $50k-75k 26 $2,830,000 $108,846 $0 0.00%
    $100k-150k 19 $6,005,000 $316,053 $0 0.00%
    $75k-100k 14 $1,970,000 $140,714 $0 0.00%
    $150k-250k 9 $2,065,000 $229,444 $0 0.00%
    $250k+ 9 $3,855,000 $428,333 $0 0.00%

    Citizens Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 33 originations. The second most popular income band? $50k-75k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 164 $33,670,000 $205,305 $0 0.00%

    Citizens Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 164 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 88 $16,210,000 $184,205 $0 0.00%
    Not applicable 53 $13,765,000 $259,717 $0 0.00%
    Black 20 $3,420,000 $171,000 $0 0.00%
    Native Hawaiian or Islander 1 $225,000 $225,000 $0 0.00%
    American Indian 1 $25,000 $25,000 $0 0.00%
    Not provided 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.63%

    Citizens Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.29%

    Citizens Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 164 $33,670,000 $205,305

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    164 $33,670,000 $205,305

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 1 10.0%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 3 30.0%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 4 40.0%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 1 10.0%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 1 10.0%