Citizens Commerce Bank Mortgage Rates, Fees & Info
Versailles, KYLEI: 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
17Origination Dollar Volume (All Markets)
$4,265,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
2023 saw Citizens Commerce Bank place emphasis on $200k-400k loans with 6 originations, totaling $1,980,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications86.36%
Citizens Commerce Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.24%
Citizens Commerce Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 17 | $4,265,000 | $250,882 |