The Citizens National Bank Of Somerset Mortgage Rates, Fees & Info
Somerset, KYLEI: 549300JCW11CIGH8GJ60
Tax ID: 61-0156616
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Citizens National Bank Of Somerset is a smaller bank specializing in Home Purchase loans. The Citizens National Bank Of Somerset has a high proportion of conventional loans. Their top markets by origination volume include: Somerset, Lexington, Richmond, Danville, and Louisville among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)The Citizens National Bank Of Somerset 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.
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Originations
178Origination Dollar Volume (All Markets)
$35,080,000Top 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 |
|---|---|---|---|---|---|
| Somerset, KY (FHA|USDA|VA) | 84 | $14,120,000 | $168,095 | $0 | 0.00% |
| Outside of Metro Areas | 60 | $8,610,000 | $143,500 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 19 | $8,165,000 | $429,737 | $0 | 0.00% |
| Richmond-Berea, KY (FHA|USDA|VA) | 4 | $1,420,000 | $355,000 | $0 | 0.00% |
| Danville, KY (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 0.00% |
| Glasgow, KY (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Frankfort, KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| London, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against The Citizens National Bank of Somerset 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 | 178 | $35,080,000 | $197,079 | $0 | 0.00% |
For 2024, The Citizens National Bank Of Somerset's most frequently originated type of loan was Conventional, with 178 originations.
Loan Reason
For 2024, The Citizens National Bank Of Somerset's most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Refi, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 178 | $35,080,000 | $197,079 | $0 | 0.00% |
For 2024, The Citizens National Bank Of Somerset's most frequently cited loan duration was Other, with 178 originations.
Loan Sizing
2024 saw The Citizens National Bank Of Somerset place emphasis on $100,000 or less loans with 68 originations, totaling $3,880,000 in origination value.
Applicant Income
The Citizens National Bank Of Somerset lent most frequently to those with incomes in the $50k-75k range, with 33 originations. The second most popular income band? $50k or less, with 31 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 178 | $35,080,000 | $197,079 | $0 | 0.00% |
The Citizens National Bank Of Somerset lent most frequently to those with DTI ratios of Exempt%, with 178 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.78%
The Citizens National Bank Of Somerset has an average approval rate.
Pick Rate
Approvals leading to origination89.33%
The Citizens National Bank Of Somerset has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 178 | $35,080,000 | $197,079 |