The Citizens Bank Mortgage Rates, Fees & Info

Greensboro, AL

LEI: 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

40

Origination Dollar Volume (All Markets)

$2,540,000

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
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%
The Citizens Bank's top markets include and Tuscaloosa among others.

Their top states include:
  • Alabama (FHA|USDA|VA)
  • 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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 33 $1,355,000 $41,061 $0 0.00%
    $100k-200k 6 $950,000 $158,333 $0 0.00%
    $200k-400k 1 $235,000 $235,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 11 $335,000 $30,455 $0 0.00%
    $100k-150k 8 $630,000 $78,750 $0 0.00%
    $50k-75k 8 $480,000 $60,000 $0 0.00%
    $75k-100k 8 $600,000 $75,000 $0 0.00%
    $150k-250k 4 $310,000 $77,500 $0 0.00%
    $250k+ 1 $185,000 $185,000 $0 0.00%

    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 applications
    95.24%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 40 $2,540,000 $63,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 7 $115,000 $16,429
    Single Family (1-4 Units):Site-Built 33 $2,425,000 $73,485