Citizens Commerce Bank Mortgage Rates, Fees & Info

Versailles, KY

LEI: 549300GBQMFJ4GDIMC53

Tax ID: 61-1301436

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Mortgage Data

Review & Overview

Citizens Commerce Bank is a smaller bank specializing in Home Purchase loans. Citizens Commerce Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lexington, Frankfort, and Danville among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Citizens Commerce 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.

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Originations

17

Origination Dollar Volume (All Markets)

$4,265,000

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
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 9 $1,825,000 $202,778 $0 0.00%
Frankfort, KY (FHA|USDA|VA) 6 $1,300,000 $216,667 $0 0.00%
Danville, KY (FHA|USDA|VA) 1 $755,000 $755,000 $0 0.00%
Outside of Metro Areas 1 $385,000 $385,000 $0 0.00%
Citizens Commerce Bank's top markets include Lexington, Frankfort, and Danville among others.

Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 17 $4,265,000 $250,882 $0 0.00%

    For 2023, Citizens Commerce Bank's most frequently originated type of loan was Conventional, with 17 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 10 $3,270,000 $327,000 $0 0.00%
    Home Improvement 5 $595,000 $119,000 $0 0.00%
    Other 1 $15,000 $15,000 $0 0.00%
    Cash Out Refi 1 $385,000 $385,000 $0 0.00%

    For 2023, Citizens Commerce Bank's most frequently cited loan purpose was Home Purchase, with 10 originations. The 2nd most popular reason was Home Improvement, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 17 $4,265,000 $250,882 $0 0.00%

    For 2023, Citizens Commerce Bank's most frequently cited loan duration was Other, with 17 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 6 $1,980,000 $330,000 $0 0.00%
    $100,000 or less 4 $120,000 $30,000 $0 0.00%
    $100k-200k 4 $490,000 $122,500 $0 0.00%
    $400k-600k 2 $920,000 $460,000 $0 0.00%
    $600k-1MM 1 $755,000 $755,000 $0 0.00%

    2023 saw Citizens Commerce Bank place emphasis on $200k-400k loans with 6 originations, totaling $1,980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 3 $1,185,000 $395,000 $0 0.00%
    $150k-250k 3 $395,000 $131,667 $0 0.00%
    $50k or less 2 $80,000 $40,000 $0 0.00%
    $250k+ 1 $355,000 $355,000 $0 0.00%
    $50k-75k 1 $145,000 $145,000 $0 0.00%
    $75k-100k 1 $25,000 $25,000 $0 0.00%

    Citizens Commerce Bank lent most frequently to those with incomes in the $100k-150k range, with 3 originations. The second most popular income band? $150k-250k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 17 $4,265,000 $250,882 $0 0.00%

    Citizens Commerce Bank lent most frequently to those with DTI ratios of Exempt%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 6 $2,080,000 $346,667 $0 0.00%
    White 10 $1,830,000 $183,000 $0 0.00%
    Not provided 1 $355,000 $355,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.36%

    Citizens Commerce Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.24%

    Citizens Commerce Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 17 $4,265,000 $250,882

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    17 $4,265,000 $250,882