Citizens Savings Bank Mortgage Rates, Fees & Info

Clarks Summit, PA

LEI: 549300CDGL2OULMP7388

Tax ID: 24-0674260

Latest/2023 | 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 Savings Bank is a smaller bank specializing in Home Purchase loans. Citizens Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Scranton, Allentown, New York, and East Stroudsburg among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens Savings 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.

    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.

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    Originations

    175

    Origination Dollar Volume (All Markets)

    $27,705,000

    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
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 96 $12,260,000 $127,708 $0 0.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 36 $6,660,000 $185,000 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 16 $3,800,000 $237,500 $0 0.00%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 18 $3,660,000 $203,333 $0 0.00%
    Outside of Metro Areas 9 $1,325,000 $147,222 $0 0.00%
    Citizens Savings Bank's top markets include Scranton, Allentown, New York, and East Stroudsburg among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 175 $27,705,000 $158,314 $0 0.00%

    For 2023, Citizens Savings Bank's most frequently originated type of loan was Conventional, with 175 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 78 $21,160,000 $271,282 $0 0.00%
    Other 57 $3,225,000 $56,579 $0 0.00%
    Cash Out Refi 27 $2,335,000 $86,481 $0 0.00%
    Home Improvement 10 $560,000 $56,000 $0 0.00%
    Refi 3 $425,000 $141,667 $0 0.00%

    For 2023, Citizens Savings Bank's most frequently cited loan purpose was Home Purchase, with 78 originations. The 2nd most popular reason was Other, with 57 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 175 $27,705,000 $158,314 $0 0.00%

    For 2023, Citizens Savings Bank's most frequently cited loan duration was Other, with 175 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 78 $3,420,000 $43,846 $0 0.00%
    $200k-400k 49 $13,575,000 $277,041 $0 0.00%
    $100k-200k 36 $5,370,000 $149,167 $0 0.00%
    $400k-600k 12 $5,340,000 $445,000 $0 0.00%

    2023 saw Citizens Savings Bank place emphasis on $100,000 or less loans with 78 originations, totaling $3,420,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 49 $8,855,000 $180,714 $0 0.00%
    $150k-250k 37 $8,645,000 $233,649 $0 0.00%
    $50k-75k 31 $2,825,000 $91,129 $0 0.00%
    $75k-100k 29 $2,375,000 $81,897 $0 0.00%
    $50k or less 15 $685,000 $45,667 $0 0.00%
    $250k+ 14 $4,320,000 $308,571 $0 0.00%

    Citizens Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 49 originations. The second most popular income band? $150k-250k, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 175 $27,705,000 $158,314 $0 0.00%

    Citizens Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 175 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 161 $25,575,000 $158,851 $0 0.00%
    Not provided 8 $1,200,000 $150,000 $0 0.00%
    Black 3 $585,000 $195,000 $0 0.00%
    Asian 3 $345,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.13%

    Citizens Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.14%

    Citizens Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 175 $27,705,000 $158,314

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    175 $27,705,000 $158,314