Citizens Bank Mortgage Rates, Fees & Info
Elizabethton, TNLEI: 549300E035FX7XMJ6713
Tax ID: 62-1580428
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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: Johnson City, Knoxville, Morristown, Lexington, and Kingsport among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Citizens 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.
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Originations
114Origination Dollar Volume (All Markets)
$82,580,000Top 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 |
|---|---|---|---|---|---|
| JOHNSON CITY, TN (FHA|USDA|VA) | 30 | $43,750,000 | $1,458,333 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 43 | $20,225,000 | $470,349 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 5 | $4,955,000 | $991,000 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $3,325,000 | $3,325,000 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 25 | $3,245,000 | $129,800 | $0 | 0.00% |
| Greeneville, TN (FHA|USDA|VA) | 4 | $2,750,000 | $687,500 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $1,775,000 | $591,667 | $0 | 0.00% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $1,655,000 | $1,655,000 | $0 | 0.00% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $835,000 | $835,000 | $0 | 0.00% |
| Newport, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 114 | $82,580,000 | $724,386 | $0 | 0.00% |
For 2024, Citizens Bank's most frequently originated type of loan was Conventional, with 114 originations.
Loan Reason
For 2024, Citizens Bank's most frequently cited loan purpose was Home Purchase, with 88 originations. The 2nd most popular reason was Home Improvement, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 114 | $82,580,000 | $724,386 | $0 | 0.00% |
For 2024, Citizens Bank's most frequently cited loan duration was Other, with 114 originations.
Loan Sizing
2024 saw Citizens Bank place emphasis on $100,000 or less loans with 30 originations, totaling $2,020,000 in origination value.
Applicant Income
Citizens Bank lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $50k-75k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 114 | $82,580,000 | $724,386 | $0 | 0.00% |
Citizens Bank lent most frequently to those with DTI ratios of Exempt%, with 114 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.27%
Citizens Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.84%
Citizens Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 114 | $82,580,000 | $724,386 |