Citizens Bank Mortgage Rates, Fees & Info

Mooresville, IN

LEI: 549300CABYW2DE2UTD57

Tax ID: 35-0227210

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Mortgage Data

Review & Overview

Citizens Bank is a smaller bank specializing in Home Purchase loans. Citizens Bank has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, Richmond, Bloomington, Fort Wayne, and Terre Haute among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

194

Origination Dollar Volume (All Markets)

$54,200,000

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
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 183 $49,925,000 $272,814 $0 0.00%
Outside of Metro Areas 4 $1,550,000 $387,500 $0 0.00%
Richmond-Berea, KY (FHA|USDA|VA) 1 $1,445,000 $1,445,000 $0 0.00%
BLOOMINGTON, IN (FHA|USDA|VA) 4 $750,000 $187,500 $0 0.00%
FORT WAYNE, IN (FHA|USDA|VA) 1 $465,000 $465,000 $0 0.00%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Citizens Bank's top markets include Indianapolis, Richmond, Bloomington, Fort Wayne, and Terre Haute among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 194 $54,200,000 $279,381 $0 0.00%

    For 2023, Citizens Bank's most frequently originated type of loan was Conventional, with 194 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 130 $44,720,000 $344,000 $0 0.00%
    Cash Out Refi 26 $2,560,000 $98,462 $0 0.00%
    Other 23 $1,245,000 $54,130 $0 0.00%
    Refi 12 $5,270,000 $439,167 $0 0.00%
    Home Improvement 3 $405,000 $135,000 $0 0.00%

    For 2023, Citizens Bank's most frequently cited loan purpose was Home Purchase, with 130 originations. The 2nd most popular reason was Cash Out Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 194 $54,200,000 $279,381 $0 0.00%

    For 2023, Citizens Bank's most frequently cited loan duration was Other, with 194 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 55 $3,025,000 $55,000 $0 0.00%
    $200k-400k 51 $14,595,000 $286,176 $0 0.00%
    $100k-200k 42 $6,140,000 $146,190 $0 0.00%
    $400k-600k 24 $11,820,000 $492,500 $0 0.00%
    $600k-1MM 20 $14,980,000 $749,000 $0 0.00%
    $1MM+ 2 $3,640,000 $1,820,000 $0 0.00%

    2023 saw Citizens Bank place emphasis on $100,000 or less loans with 55 originations, totaling $3,025,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 42 $11,830,000 $281,667 $0 0.00%
    $50k-75k 35 $4,145,000 $118,429 $0 0.00%
    $150k-250k 30 $13,410,000 $447,000 $0 0.00%
    $75k-100k 30 $5,360,000 $178,667 $0 0.00%
    $250k+ 23 $13,275,000 $577,174 $0 0.00%
    $50k or less 22 $2,570,000 $116,818 $0 0.00%

    Citizens Bank lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $50k-75k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 194 $54,200,000 $279,381 $0 0.00%

    Citizens Bank lent most frequently to those with DTI ratios of Exempt%, with 194 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 164 $42,390,000 $258,476 $0 0.00%
    Not provided 8 $3,970,000 $496,250 $0 0.00%
    Not applicable 11 $3,505,000 $318,636 $0 0.00%
    Asian 9 $3,025,000 $336,111 $0 0.00%
    American Indian 1 $755,000 $755,000 $0 0.00%
    Asian Indian 1 $555,000 $555,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.86%

    Citizens Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.84%

    Citizens Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 194 $54,200,000 $279,381

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    194 $54,200,000 $279,381