The Citizens Bank Mortgage Rates, Fees & Info
Greensboro, ALLEI: 549300H8FMI4YLI7X514
Tax ID: 63-0711504
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Mortgage Data
Review & Overview
The Citizens Bank is a smaller bank specializing in Home Purchase and Refi loans. The Citizens Bank has a high proportion of conventional loans. Their top (well, only) market is Tuscaloosa.The Citizens Bank has an above average approval rate when compared to the average across all lenders.
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Originations
4Origination Dollar Volume (All Markets)
$160,000Top 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 |
|---|---|---|---|---|---|
| TUSCALOOSA, AL (FHA|USDA|VA) | 4 | $160,000 | $40,000 | $472 | 5.76% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 4 | $160,000 | $40,000 | $472 | 5.76% |
For 2018, The Citizens Bank's most frequently originated type of loan was Conventional, with 4 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 2 | $110,000 | $55,000 | $914 | 5.83% |
| Refi | 2 | $50,000 | $25,000 | $29 | 5.70% |
For 2018, The Citizens Bank's most frequently cited loan purpose was Home Purchase, with 2 originations. The 2nd most popular reason was Refi, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 3 | $85,000 | $28,333 | $29 | 5.80% |
| 5 Year | 1 | $75,000 | $75,000 | $914 | 5.65% |
For 2018, The Citizens Bank's most frequently cited loan duration was Other, with 3 originations. The 2nd most popular length was 5 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 2 | $90,000 | $45,000 |
The Citizens Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 4 | $160,000 | $40,000 |
During 2018, The Citizens Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 4 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 4 | $160,000 | $40,000 | $472 | 5.76% |
2018 saw The Citizens Bank place emphasis on $100,000 or less loans with 4 originations, totaling $160,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 2 | $50,000 | $25,000 | $29 | 5.70% |
| $50k or less | 2 | $110,000 | $55,000 | $914 | 5.83% |
The Citizens Bank lent most frequently to those with incomes in the $50k-75k range, with 2 originations. The second most popular income band? $50k or less, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1 | $15,000 | $15,000 | $29 | 5.40% |
| >60% | 1 | $75,000 | $75,000 | $914 | 5.65% |
The Citizens Bank lent most frequently to those with DTI ratios of 20-30%, with 1 originations. The next most common DTI ratio? >60%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 2 | $110,000 | $55,000 | $914 | 5.83% |
| Black | 2 | $50,000 | $25,000 | $29 | 5.70% |
Approval Rates
Total approvals of all applications100.00%
The 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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4 | $160,000 | $40,000 |