The Citizens National Bank Of Bluffton Mortgage Rates, Fees & Info

Bluffton, OH

LEI: 549300HNMUG8WS7JLL28

Tax ID: 34-4205025

5 stars - Updated: 7/11/24 - out of 5 stars, based on 16 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

The Citizens National Bank Of Bluffton is a smaller bank specializing in Home Purchase loans. The Citizens National Bank Of Bluffton has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Lima, Toledo, Defiance, Van Wert, and Dayton among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Citizens National Bank Of Bluffton 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. The Citizens National Bank Of Bluffton is typically a low 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.78% 7/11/24
30 Year Conventional Refi 6.85% 7/11/24
30 Year Cash-out Refi 6.84% 7/11/24
30 Year FHA Purchase 7.11% 7/11/24
30 Year VA Purchase 6.16% 7/11/24
30 Year USDA Purchase 7.06% 7/11/24
15 Year Conventional Purchase 6.04% 7/11/24
15 Year Conventional Refi 6.03% 7/11/24
15 Year Cash-out Refi 6.03% 7/11/24
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.

The Citizens National Bank Of Bluffton Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from The Citizens National Bank Of Bluffton. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

254

Origination Dollar Volume (All Markets)

$58,820,000

Awards

The Citizens National Bank of Bluffton 30 Year Conventional Loans gold The Citizens National Bank of Bluffton 30 Year Conventional Loans gold The Citizens National Bank of Bluffton 30 Year Conventional Loans silver The Citizens National Bank of Bluffton 30 Year Conventional Loans silver
Show all (4) awards

Relative Rate

The Citizens National Bank Of Bluffton's average 30 year fixed mortgage rate was 6.97%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.49%.

Relative Fees (Closing Costs)

The Citizens National Bank Of Bluffton's average total fees/closing costs for a 30 year fixed rate mortgage were $3,331.

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
LIMA, OH (FHA|USDA|VA) 81 $16,535,000 $204,136 $3,198 7.10%
TOLEDO, OH (FHA|USDA|VA) 17 $7,845,000 $461,471 $2,897 7.32%
Outside of Metro Areas 29 $6,105,000 $210,517 $2,944 7.17%
Defiance, OH (FHA|USDA|VA) 16 $5,250,000 $328,125 $2,856 7.44%
Van Wert, OH (FHA|USDA|VA) 26 $3,900,000 $150,000 $2,989 7.14%
DAYTON-KETTERING, OH (FHA|USDA|VA) 19 $3,195,000 $168,158 $3,069 7.46%
COLUMBUS, OH (FHA|USDA|VA) 8 $2,810,000 $351,250 $3,202 7.69%
Wapakoneta, OH (FHA|USDA|VA) 13 $2,505,000 $192,692 $2,637 7.30%
Findlay, OH (FHA|USDA|VA) 11 $2,165,000 $196,818 $3,735 7.07%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $1,860,000 $465,000 $0 7.14%
Celina, OH (FHA|USDA|VA) 7 $1,305,000 $186,429 $2,758 7.09%
SPRINGFIELD, OH (FHA|USDA|VA) 7 $1,015,000 $145,000 $0 7.23%
Chillicothe, OH (FHA|USDA|VA) 1 $725,000 $725,000 $0 6.95%
Angola, IN (FHA|USDA|VA) 2 $610,000 $305,000 $2,115 7.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $575,000 $575,000 $5,686 7.00%
Bellefontaine, OH (FHA|USDA|VA) 2 $510,000 $255,000 $3,469 7.75%
Kalispell, MT (FHA|USDA|VA) 1 $405,000 $405,000 $3,039 6.88%
Campbellsville, KY (FHA|USDA|VA) 1 $335,000 $335,000 $5,206 7.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $265,000 $265,000 $0 7.25%
Sevierville, TN (FHA|USDA|VA) 1 $225,000 $225,000 $4,039 8.00%
Ashland, OH (FHA|USDA|VA) 1 $185,000 $185,000 $3,580 6.50%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,501 6.25%
Greenville, OH (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.95%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $95,000 $95,000 $2,719 7.13%
Kendallville, IN (FHA|USDA|VA) 1 $95,000 $95,000 $1,819 7.00%
KNOXVILLE, TN (FHA|USDA|VA) 1 $45,000 $45,000 $1,303 8.13%
The Citizens National Bank Of Bluffton's top markets include Lima, Toledo, Defiance, Van Wert, and Dayton among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against The Citizens National Bank of Bluffton based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Minster Bank
    Similarity Rank: 36
    GLASS CITY Federal Credit Union
    Similarity Rank: 123
    The Community Bank
    Similarity Rank: 216
    SUN Federal Credit Union
    Similarity Rank: 246
    The Croghan Colonial Bank
    Similarity Rank: 336
    SUPERIOR FINANCIAL SOLUTIONS, LLC
    Similarity Rank: 340
    The Genoa Banking Company
    Similarity Rank: 414

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 241 $55,295,000 $229,440 $2,869 7.20%
    FHA 7 $1,355,000 $193,571 $6,579 6.91%
    HELOC 4 $1,540,000 $385,000 n/a 9.13%
    VA 2 $630,000 $315,000 $6,306 6.81%

    For 2023, The Citizens National Bank Of Bluffton's most frequently originated type of loan was Conventional, with 241 originations. Their 2nd most popular type was FHA, with 7 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 194 $45,830,000 $236,237 $3,288 7.16%
    Refi 39 $10,685,000 $273,974 $2,653 7.30%
    Cash Out Refi 9 $855,000 $95,000 $2,219 7.58%
    Home Improvement 7 $1,245,000 $177,857 $2,662 7.84%
    Other 5 $205,000 $41,000 $1,102 7.20%

    For 2023, The Citizens National Bank Of Bluffton's most frequently cited loan purpose was Home Purchase, with 194 originations. The 2nd most popular reason was Refi, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 115 $21,325,000 $185,435 $3,331 6.97%
    10 Year 69 $17,865,000 $258,913 $1,012 7.45%
    Other 24 $8,410,000 $350,417 $2,720 7.48%
    15 Year 19 $3,215,000 $169,211 $3,019 6.59%
    1 Year 12 $2,850,000 $237,500 $2,105 8.51%
    20 Year 10 $1,120,000 $112,000 $2,800 7.25%
    5 Year 3 $3,805,000 $1,268,333 $0 7.87%
    3 Year 2 $230,000 $115,000 $0 7.50%

    For 2023, The Citizens National Bank Of Bluffton's most frequently cited loan duration was 30 Year, with 115 originations. The 2nd most popular length was 10 Year, with 69 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 139 $24,015,000 $172,770
    $1k-2k 8 $2,170,000 $271,250
    $4k-5k 2 $650,000 $325,000
    $2k-3k 1 $135,000 $135,000

    The Citizens National Bank Of Bluffton's average total fees were $3,331, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 139 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 115 $24,055,000 $209,174
    7-8% 96 $20,320,000 $211,667
    Over 8% 32 $12,490,000 $390,313
    5-6% 10 $1,820,000 $182,000
    4-5% 1 $135,000 $135,000

    During 2023, The Citizens National Bank Of Bluffton's average interest rate for loans was 6.97%, while their most frequently originated rate bucket for loans was 6-7%, with 115 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 96 $13,860,000 $144,375 $3,044 7.05%
    $200k-400k 70 $19,250,000 $275,000 $3,678 7.27%
    $100,000 or less 67 $4,555,000 $67,985 $2,053 7.29%
    $600k-1MM 8 $5,930,000 $741,250 $5,310 7.48%
    $400k-600k 7 $3,335,000 $476,429 $4,892 7.84%
    $1MM+ 6 $11,890,000 $1,981,667 $0 7.47%

    2023 saw The Citizens National Bank Of Bluffton place emphasis on $100k-200k loans with 96 originations, totaling $13,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 40 $5,590,000 $139,750 $3,079 6.96%
    $100k-150k 39 $6,835,000 $175,256 $2,881 7.16%
    $75k-100k 33 $5,985,000 $181,364 $3,538 7.06%
    $150k-250k 27 $6,365,000 $235,741 $3,145 7.07%
    $50k or less 21 $2,395,000 $114,048 $2,637 6.66%
    $250k+ 7 $2,185,000 $312,143 $3,820 7.86%

    The Citizens National Bank Of Bluffton lent most frequently to those with incomes in the $50k-75k range, with 40 originations. The second most popular income band? $100k-150k, with 39 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 36 $6,040,000 $167,778 $2,715 7.10%
    20-30% 35 $5,935,000 $169,571 $3,097 6.88%
    <20% 17 $2,775,000 $163,235 $2,671 6.90%
    40% 9 $1,555,000 $172,778 $3,413 6.97%
    42% 7 $1,525,000 $217,857 $3,290 7.36%
    36% 7 $725,000 $103,571 $2,369 7.11%
    37% 7 $1,195,000 $170,714 $2,533 7.04%
    38% 6 $1,140,000 $190,000 $3,728 7.23%
    45% 5 $1,155,000 $231,000 $2,949 7.18%
    41% 5 $675,000 $135,000 $2,476 7.00%
    48% 5 $935,000 $187,000 $3,595 7.13%
    44% 5 $655,000 $131,000 $2,699 7.33%
    43% 4 $1,210,000 $302,500 $4,616 6.84%
    >60% 4 $650,000 $162,500 $3,227 6.25%
    46% 2 $550,000 $275,000 $3,289 7.19%
    39% 2 $430,000 $215,000 $5,529 6.69%
    47% 2 $640,000 $320,000 $2,614 7.63%
    50-60% 2 $500,000 $250,000 $5,910 7.06%
    49% 1 $175,000 $175,000 $6,984 7.13%

    The Citizens National Bank Of Bluffton lent most frequently to those with DTI ratios of 30-36%, with 36 originations. The next most common DTI ratio? 20-30%, with 35 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 85 $29,115,000 $342,529 $0 7.55%
    White 159 $28,345,000 $178,270 $3,098 7.03%
    Not provided 3 $585,000 $195,000 $4,163 7.21%
    Asian 3 $395,000 $131,667 $2,502 7.46%
    Black 4 $380,000 $95,000 $2,006 7.25%

    Approval Rates

    Total approvals of all applications
    94.52%

    The Citizens National Bank Of Bluffton has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.65%

    The Citizens National Bank Of Bluffton has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 254 $58,820,000 $231,575

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    254 $58,820,000 $231,575

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $1,790,000 $111,875 $2,628 7.40%
    40-60% 33 $9,995,000 $302,879 $2,842 7.42%
    60-80% 123 $34,735,000 $282,398 $3,170 7.32%
    80-100% 71 $11,775,000 $165,845 $3,401 6.87%
    Under 20% 10 $450,000 $45,000 $1,012 7.45%