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 Refi and Home Purchase 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
40Origination Dollar Volume (All Markets)
$2,540,000Top 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) | 36 | $2,260,000 | $62,778 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $280,000 | $70,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $2,540,000 | $63,500 | $0 | 0.00% |
For 2019, The Citizens Bank's most frequently originated type of loan was Conventional, with 40 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 30 | $1,760,000 | $58,667 | $0 | 0.00% |
| Home Purchase | 7 | $735,000 | $105,000 | $0 | 0.00% |
| Home Improvement | 3 | $45,000 | $15,000 | $0 | 0.00% |
For 2019, The Citizens Bank's most frequently cited loan purpose was Refi, with 30 originations. The 2nd most popular reason was Home Purchase, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 40 | $2,540,000 | $63,500 | $0 | 0.00% |
For 2019, The Citizens Bank's most frequently cited loan duration was Other, with 40 originations.
Loan Sizing
2019 saw The Citizens Bank place emphasis on $100,000 or less loans with 33 originations, totaling $1,355,000 in origination value.
Applicant Income
The Citizens Bank lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $100k-150k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 40 | $2,540,000 | $63,500 | $0 | 0.00% |
The Citizens Bank lent most frequently to those with DTI ratios of Exempt%, with 40 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 27 | $2,125,000 | $78,704 | $0 | 0.00% |
| Black | 11 | $335,000 | $30,455 | $0 | 0.00% |
| Asian | 2 | $80,000 | $40,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications95.24%
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 |
|---|---|---|---|
| Exempt | 40 | $2,540,000 | $63,500 |