First Citizens Community Bank Mortgage Rates, Fees & Info
Mansfield, PALEI: 549300GZN0GWYE1KDB94
Tax ID: 24-0652238
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Mortgage Data
Review & Overview
First Citizens Community Bank is a smaller bank specializing in Home Purchase loans. First Citizens Community Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Philadelphia, Sayre, Ocean City, Dover, and Salisbury among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)First Citizens Community 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. First Citizens Community Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.82% | 12/16/24 |
| 30 Year Conventional Refi | 6.45% | 12/16/24 |
| 30 Year Cash-out Refi | 6.50% | 12/16/24 |
| 15 Year Conventional Purchase | 6.53% | 12/16/24 |
| 15 Year Conventional Refi | 7.36% | 12/16/24 |
| 15 Year Cash-out Refi | 7.36% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
First Citizens Community Bank Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
532Origination Dollar Volume (All Markets)
$160,320,000Awards
First Citizens Community Bank - 2023
First Citizens Community Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
First Citizens Community Bank's average 30 year fixed mortgage rate was
7.07%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.59%.
Relative Fees (Closing Costs)
First Citizens Community Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,204.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 209 | $90,925,000 | $435,048 | $7,818 | 7.12% |
| Sayre, PA (FHA|USDA|VA) | 73 | $12,275,000 | $168,151 | $3,262 | 7.42% |
| Outside of Metro Areas | 121 | $12,075,000 | $99,793 | $1,727 | 7.48% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 6 | $6,810,000 | $1,135,000 | $9,955 | 8.19% |
| DOVER, DE (FHA|USDA|VA) | 9 | $6,295,000 | $699,444 | $8,560 | 7.40% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 5 | $5,045,000 | $1,009,000 | $3,698 | 7.75% |
| Pottsville, PA (FHA|USDA|VA) | 23 | $3,865,000 | $168,043 | $4,765 | 6.92% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 8 | $3,170,000 | $396,250 | $2,842 | 7.43% |
| LEBANON, PA (FHA|USDA|VA) | 19 | $2,765,000 | $145,526 | $1,734 | 7.20% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 5 | $2,465,000 | $493,000 | $11,780 | 7.07% |
| READING, PA (FHA|USDA|VA) | 7 | $2,245,000 | $320,714 | $4,992 | 7.10% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 6 | $1,950,000 | $325,000 | $10,386 | 7.12% |
| LANCASTER, PA (FHA|USDA|VA) | 6 | $1,840,000 | $306,667 | $3,861 | 7.41% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $8,951 | 8.13% |
| Lock Haven, PA (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $3,376 | 7.50% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $11,382 | 6.96% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $3,888 | 7.38% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $5,291 | 7.99% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $17,983 | 7.38% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $5,663 | 7.25% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,262 | 7.63% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,605 | 7.38% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 7.75% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,516 | 7.50% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,883 | 6.99% |
| ELMIRA, NY (FHA|USDA|VA) | 4 | $270,000 | $67,500 | $0 | 7.59% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,590 | 7.50% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,726 | 6.88% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,963 | 6.99% |
| Oil City, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,020 | 6.50% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,568 | 7.63% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,994 | 7.99% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Citizens Community Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 457 | $141,495,000 | $309,617 | $4,513 | 7.39% |
| FHA | 74 | $18,490,000 | $249,865 | $10,134 | 6.72% |
| VA | 1 | $335,000 | $335,000 | $12,214 | 6.75% |
For 2023, First Citizens Community Bank's most frequently originated type of loan was Conventional, with 457 originations. Their 2nd most popular type was FHA, with 74 originations.
Loan Reason
For 2023, First Citizens Community Bank's most frequently cited loan purpose was Home Purchase, with 375 originations. The 2nd most popular reason was Home Improvement, with 52 originations.
Loan Duration/Length
For 2023, First Citizens Community Bank's most frequently cited loan duration was 30 Year, with 287 originations. The 2nd most popular length was 15 Year, with 59 originations.
Origination Fees/Closing Costs
First Citizens Community Bank's average total fees were $7,204, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 198 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 212 | $46,800,000 | $220,755 |
| 7-8% | 211 | $66,625,000 | $315,758 |
| Over 8% | 71 | $37,145,000 | $523,169 |
| 5-6% | 37 | $5,145,000 | $139,054 |
| 3-4% | 1 | $4,605,000 | $4,605,000 |
During 2023, First Citizens Community Bank's average interest rate for loans was 7.07%, while their most frequently originated rate bucket for loans was 6-7%, with 212 originations.
Loan Sizing
2023 saw First Citizens Community Bank place emphasis on $200k-400k loans with 188 originations, totaling $52,960,000 in origination value.
Applicant Income
First Citizens Community Bank lent most frequently to those with incomes in the $100k-150k range, with 104 originations. The second most popular income band? $50k-75k, with 96 originations.
Applicant Debt to Income Ratio
First Citizens Community Bank lent most frequently to those with DTI ratios of 20-30%, with 84 originations. The next most common DTI ratio? 30-36%, with 77 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.66%
First Citizens Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.21%
First Citizens Community Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 50.01 | 1 | $25,000 | $25,000 |
| 61.51 | 2 | $70,000 | $35,000 |
| 66.11 | 1 | $5,000 | $5,000 |
| NA | 528 | $160,220,000 | $303,447 |