Citizens Bank Mortgage Rates, Fees & Info
Elizabethton, TNLEI: 549300E035FX7XMJ6713
Tax ID: 62-1580428
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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: Knoxville, Kingsport, Johnson City, Huntsville, and Morristown 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 an above average pick rate when compared to similar lenders.
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Originations
147Origination Dollar Volume (All Markets)
$45,395,000Top 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 |
|---|---|---|---|---|---|
| KNOXVILLE, TN (FHA|USDA|VA) | 56 | $17,650,000 | $315,179 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 29 | $9,665,000 | $333,276 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 37 | $8,805,000 | $237,973 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $4,505,000 | $4,505,000 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 11 | $1,495,000 | $135,909 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $1,250,000 | $625,000 | $0 | 0.00% |
| Greeneville, TN (FHA|USDA|VA) | 6 | $1,190,000 | $198,333 | $0 | 0.00% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| Newport, TN (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $80,000 | $40,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 147 | $45,395,000 | $308,810 | $0 | 0.00% |
For 2023, Citizens Bank's most frequently originated type of loan was Conventional, with 147 originations.
Loan Reason
For 2023, Citizens Bank's most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Home Improvement, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 147 | $45,395,000 | $308,810 | $0 | 0.00% |
For 2023, Citizens Bank's most frequently cited loan duration was Other, with 147 originations.
Loan Sizing
2023 saw Citizens Bank place emphasis on $100k-200k loans with 53 originations, totaling $7,575,000 in origination value.
Applicant Income
Citizens Bank lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $150k-250k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 147 | $45,395,000 | $308,810 | $0 | 0.00% |
Citizens Bank lent most frequently to those with DTI ratios of Exempt%, with 147 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.09%
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 origination95.24%
Citizens Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 147 | $45,395,000 | $308,810 |