Citizens State Bank Mortgage Rates, Fees & Info

Somerville, TX

LEI: 549300DLHIZLJ7617Q04

Tax ID: 74-0557930

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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 State Bank is a smaller bank specializing in Home Purchase loans. Citizens State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Brenham, College Station, Houston, Austin, and Waco among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens State Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Citizens State Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.83% 11/22/24
    30 Year Conventional Refi 6.50% 11/22/24
    30 Year Cash-out Refi 6.86% 11/22/24
    30 Year VA Purchase 6.27% 11/22/24
    15 Year Conventional Purchase 7.38% 11/22/24
    15 Year Conventional Refi 6.71% 11/22/24
    15 Year Cash-out Refi 6.71% 11/22/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Citizens State Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Citizens State Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    274

    Origination Dollar Volume (All Markets)

    $75,680,000

    Awards

    Citizens State Bank 30 Year Conventional Loans gold Citizens State Bank 30 Year Conventional Loans silver
    Show all (2) awards

    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
    Brenham, TX (FHA|USDA|VA) 110 $30,090,000 $273,545 $3,478 6.12%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 95 $26,235,000 $276,158 $3,400 6.50%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 34 $10,120,000 $297,647 $4,009 6.09%
    Outside of Metro Areas 31 $7,275,000 $234,677 $4,261 5.89%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $1,430,000 $715,000 $7,930 5.05%
    WACO, TX (FHA|USDA|VA) 1 $325,000 $325,000 $0 5.00%
    LUBBOCK, TX (FHA|USDA|VA) 1 $205,000 $205,000 $3,751 3.95%
    Citizens State Bank's top markets include Brenham, College Station, Houston, Austin, and Waco among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Citizens State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    GREATER TEXAS FEDERAL CREDIT UNION
    Similarity Rank: 209
    Citizens State Bank
    Similarity Rank: 364
    Extraco Banks
    Similarity Rank: 768
    Prosperity Bank
    Similarity Rank: 900
    American Momentum Bank
    Similarity Rank: 1012
    VeraBank
    Similarity Rank: 1155
    NAVY FEDERAL CREDIT UNION
    Similarity Rank: 1768
    Farm Credit Mid-America, ACA
    Similarity Rank: 2223
    Guaranty Bank & Trust, N.A.
    Similarity Rank: 2400
    AMERICA'S CHOICE HOME LOANS LP
    Similarity Rank: 2520

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 274 $75,680,000 $276,204 $3,639 6.20%

    For 2022, Citizens State Bank's most frequently originated type of loan was Conventional, with 274 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 172 $56,390,000 $327,849 $3,933 5.91%
    Cash Out Refi 48 $9,470,000 $197,292 $3,349 7.01%
    Other 23 $4,155,000 $180,652 $3,323 6.28%
    Home Improvement 22 $4,200,000 $190,909 $2,648 6.63%
    Refi 9 $1,465,000 $162,778 $3,730 6.22%

    For 2022, Citizens State Bank's most frequently cited loan purpose was Home Purchase, with 172 originations. The 2nd most popular reason was Cash Out Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 193 $41,685,000 $215,984 $3,450 6.48%
    30 Year 33 $24,155,000 $731,970 $4,721 5.13%
    15 Year 32 $4,480,000 $140,000 $3,788 5.30%
    10 Year 8 $930,000 $116,250 $1,771 7.68%
    1 Year 4 $2,120,000 $530,000 $0 5.70%
    Other 4 $2,310,000 $577,500 $0 6.43%

    For 2022, Citizens State Bank's most frequently cited loan duration was 20 Year, with 193 originations. The 2nd most popular length was 30 Year, with 33 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 121 $20,615,000 $170,372
    $1k-2k 27 $10,045,000 $372,037
    $2k-3k 4 $2,730,000 $682,500
    $3k-4k 1 $1,465,000 $1,465,000
    $4k-5k 1 $605,000 $605,000

    Citizens State Bank's average total fees were $4,721, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 121 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 58 $18,150,000 $312,931
    Over 8% 56 $8,250,000 $147,321
    4-5% 52 $20,990,000 $403,654
    6-7% 39 $7,485,000 $191,923
    5-6% 35 $13,945,000 $398,429
    7-8% 34 $6,860,000 $201,765

    During 2022, Citizens State Bank's average interest rate for loans was 5.13%, while their most frequently originated rate bucket for loans was 3-4%, with 58 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 101 $15,005,000 $148,564 $3,057 6.58%
    $100,000 or less 66 $4,440,000 $67,273 $2,553 6.92%
    $200k-400k 63 $17,245,000 $273,730 $3,748 5.59%
    $400k-600k 19 $9,495,000 $499,737 $4,077 5.56%
    $600k-1MM 15 $10,885,000 $725,667 $7,378 5.05%
    $1MM+ 10 $18,610,000 $1,861,000 $7,402 4.50%

    2022 saw Citizens State Bank place emphasis on $100k-200k loans with 101 originations, totaling $15,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 51 $22,705,000 $445,196 $5,010 5.72%
    $100k-150k 41 $8,845,000 $215,732 $3,304 5.93%
    $150k-250k 36 $10,120,000 $281,111 $3,964 5.99%
    $50k or less 33 $3,485,000 $105,606 $2,830 7.13%
    $50k-75k 32 $4,280,000 $133,750 $2,834 6.57%
    $75k-100k 31 $5,445,000 $175,645 $3,644 6.90%

    Citizens State Bank lent most frequently to those with incomes in the $250k+ range, with 51 originations. The second most popular income band? $100k-150k, with 41 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 43 $9,725,000 $226,163 $3,609 6.43%
    30-36% 42 $10,880,000 $259,048 $3,553 5.75%
    <20% 33 $7,675,000 $232,576 $3,358 6.08%
    >60% 18 $4,720,000 $262,222 $4,167 6.24%
    50-60% 16 $5,900,000 $368,750 $5,006 5.36%
    38% 12 $2,110,000 $175,833 $3,198 6.55%
    37% 11 $2,145,000 $195,000 $4,039 6.78%
    42% 9 $2,085,000 $231,667 $3,003 6.69%
    40% 9 $1,235,000 $137,222 $2,455 6.19%
    41% 8 $2,000,000 $250,000 $4,423 6.76%
    39% 6 $1,480,000 $246,667 $2,727 7.35%
    43% 5 $2,085,000 $417,000 $3,302 6.22%
    36% 4 $1,160,000 $290,000 $4,751 5.36%
    44% 4 $600,000 $150,000 $3,481 8.21%
    46% 4 $1,400,000 $350,000 $3,951 6.90%
    47% 2 $480,000 $240,000 $2,101 7.25%
    49% 1 $85,000 $85,000 $3,111 11.50%
    48% 1 $145,000 $145,000 $3,498 5.75%

    Citizens State Bank lent most frequently to those with DTI ratios of 20-30%, with 43 originations. The next most common DTI ratio? 30-36%, with 42 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 197 $48,755,000 $247,487 $3,645 6.23%
    Not applicable 46 $19,770,000 $429,783 $0 5.89%
    Not provided 11 $3,315,000 $301,364 $4,647 5.95%
    Black 15 $2,065,000 $137,667 $2,860 6.98%
    Asian 4 $1,620,000 $405,000 $5,048 5.84%
    Other Asian 1 $155,000 $155,000 $2,254 7.25%

    Approval Rates

    Total approvals of all applications
    93.85%

    Citizens State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    57.66%

    Citizens State Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 274 $75,680,000 $276,204

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    274 $75,680,000 $276,204

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 36 $5,960,000 $165,556 $3,017 6.50%
    40-60% 42 $9,570,000 $227,857 $3,049 6.68%
    60-80% 101 $27,475,000 $272,030 $3,993 6.28%
    80-100% 80 $31,490,000 $393,625 $4,335 5.57%
    Under 20% 15 $1,185,000 $79,000 $2,529 7.02%

    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%