The Citizens National Bank Of Quitman Mortgage Rates, Fees & Info
Quitman, GALEI: 549300DV4OQK0LOKRQ05
Tax ID: 58-0193025
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Citizens National Bank Of Quitman is a smaller bank specializing in Refi and Home Purchase loans. The Citizens National Bank Of Quitman has a high proportion of conventional loans. Their top markets by origination volume include: Valdosta, Warner Robins, and Moultrie among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)The Citizens National Bank Of Quitman 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
40Origination Dollar Volume (All Markets)
$3,620,000Top 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 |
|---|---|---|---|---|---|
| VALDOSTA, GA (FHA|USDA|VA) | 37 | $3,385,000 | $91,486 | $781 | 5.68% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 6.75% |
| Moultrie, GA (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 6.73% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 39 | $3,545,000 | $90,897 | $781 | 5.75% |
| HELOC | 1 | $75,000 | $75,000 | n/a | 5.95% |
For 2018, The Citizens National Bank Of Quitman's most frequently originated type of loan was Conventional, with 39 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 19 | $2,295,000 | $120,789 | $894 | 5.86% |
| Home Purchase | 15 | $1,155,000 | $77,000 | $724 | 5.48% |
| Home Improvement | 6 | $170,000 | $28,333 | $0 | 6.11% |
For 2018, The Citizens National Bank Of Quitman's most frequently cited loan purpose was Refi, with 19 originations. The 2nd most popular reason was Home Purchase, with 15 originations.
Loan Duration/Length
For 2018, The Citizens National Bank Of Quitman's most frequently cited loan duration was Other, with 22 originations. The 2nd most popular length was 5 Year, with 15 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 14 | $1,190,000 | $85,000 |
| $1k-2k | 1 | $205,000 | $205,000 |
The Citizens National Bank Of Quitman's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 14 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 24 | $2,730,000 | $113,750 |
| 6-7% | 9 | $405,000 | $45,000 |
| 4-5% | 6 | $460,000 | $76,667 |
| 7-8% | 1 | $25,000 | $25,000 |
During 2018, The Citizens National Bank Of Quitman's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 24 originations.
Loan Sizing
2018 saw The Citizens National Bank Of Quitman place emphasis on $100,000 or less loans with 32 originations, totaling $1,550,000 in origination value.
Applicant Income
The Citizens National Bank Of Quitman lent most frequently to those with incomes in the $50k-75k range, with 10 originations. The second most popular income band? $50k or less, with 7 originations.
Applicant Debt to Income Ratio
The Citizens National Bank Of Quitman lent most frequently to those with DTI ratios of 30-36%, with 5 originations. The next most common DTI ratio? 20-30%, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.48%
The Citizens National Bank Of Quitman has an average approval rate.
Pick Rate
Approvals leading to origination92.50%
The Citizens National Bank Of Quitman has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 40 | $3,620,000 | $90,500 |