Citywide Banks Mortgage Rates, Fees & Info

Denver, CO

LEI: 549300K2M70MU2D2F940

Tax ID: 20-5716674

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Citywide Banks is a smaller bank specializing in Home Purchase and Refi loans. Citywide Banks has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Boulder, Edwards, Kendallville, and Springfield among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citywide Banks has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Citywide Banks is typically a high 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 about average 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
    Home Equity Line of Credit (HELOC) 4.55% 3/24/24
    30 Year Conventional Purchase 6.77% 3/24/24
    30 Year Conventional Refi 6.41% 3/24/24
    30 Year Cash-out Refi 7.16% 3/24/24
    15 Year Conventional Purchase 5.34% 3/24/24
    15 Year Conventional Refi 5.75% 3/24/24
    15 Year Cash-out Refi 5.75% 3/24/24
    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.

    Citywide Banks Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Citywide Banks. 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

    61

    Origination Dollar Volume (All Markets)

    $39,685,000

    Employee count

    146

    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
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 37 $22,755,000 $615,000 $4,752 5.29%
    BOULDER, CO (FHA|USDA|VA) 6 $4,310,000 $718,333 $4,971 5.92%
    Edwards, CO (FHA|USDA|VA) 2 $4,020,000 $2,010,000 $0 4.83%
    Kendallville, IN (FHA|USDA|VA) 2 $1,930,000 $965,000 $0 4.50%
    SPRINGFIELD, IL (FHA|USDA|VA) 2 $1,540,000 $770,000 $0 4.50%
    Coldwater, MI (FHA|USDA|VA) 1 $1,155,000 $1,155,000 $0 4.50%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $1,075,000 $1,075,000 $0 4.50%
    Warsaw, IN (FHA|USDA|VA) 1 $895,000 $895,000 $0 4.50%
    WICHITA FALLS, TX (FHA|USDA|VA) 2 $680,000 $340,000 $0 4.50%
    GREELEY, CO (FHA|USDA|VA) 3 $445,000 $148,333 $700 5.67%
    Breckenridge, CO (FHA|USDA|VA) 1 $415,000 $415,000 $600 6.30%
    Outside of Metro Areas 1 $365,000 $365,000 $7,058 3.00%
    FORT COLLINS, CO (FHA|USDA|VA) 2 $100,000 $50,000 $150 7.25%
    Citywide Banks's top markets include Denver, Boulder, Edwards, Kendallville, and Springfield among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)

    • Similar Lenders

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

    The District Federal Credit Union
    Similarity Rank: 441
    DENVER COMMUNITY
    Similarity Rank: 732
    United Fidelity Bank, fsb
    Similarity Rank: 792
    LANDED HOME LOANS LLC
    Similarity Rank: 1040
    BLUE BRICK FINANCIAL LLC
    Similarity Rank: 1175
    FOOTHILLS
    Similarity Rank: 1336
    WHITE CROWN FEDERAL CREDIT UNION
    Similarity Rank: 2260
    Adams Bank & Trust
    Similarity Rank: 2550
    DHA FINANCIAL, LLC
    Similarity Rank: 2616
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 2808

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 61 $39,685,000 $650,574 $4,105 5.28%

    For 2020, Citywide Banks's most frequently originated type of loan was Conventional, with 61 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 31 $16,565,000 $534,355 $6,396 5.22%
    Refi 22 $22,280,000 $1,012,727 $191 4.76%
    Home Improvement 6 $640,000 $106,667 $442 7.33%
    Other 1 $55,000 $55,000 $700 8.00%
    Cash Out Refi 1 $145,000 $145,000 $3,875 3.75%

    For 2020, Citywide Banks's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 16 $13,820,000 $863,750 $300 4.52%
    Other 12 $13,200,000 $1,100,000 $0 4.91%
    1 Year 8 $4,790,000 $598,750 $14,920 5.00%
    20 Year 8 $1,160,000 $145,000 $698 8.02%
    30 Year 5 $2,855,000 $571,000 $9,938 3.48%
    3 Year 4 $1,110,000 $277,500 $0 4.94%
    10 Year 4 $2,460,000 $615,000 $288 6.02%
    15 Year 4 $290,000 $72,500 $1,081 6.38%

    For 2020, Citywide Banks's most frequently cited loan duration was 5 Year, with 16 originations. The 2nd most popular length was Other, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 14 $1,550,000 $110,714
    $5k+ 5 $4,695,000 $939,000
    $2k-3k 2 $250,000 $125,000
    $4k-5k 1 $365,000 $365,000

    Citywide Banks's average total fees were $9,938, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 14 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 26 $21,320,000 $820,000
    5-6% 14 $8,880,000 $634,286
    7-8% 7 $615,000 $87,857
    3-4% 6 $7,500,000 $1,250,000
    6-7% 3 $705,000 $235,000
    Over 8% 3 $195,000 $65,000
    2.5-3% 2 $470,000 $235,000

    During 2020, Citywide Banks's average interest rate for loans was 3.48%, while their most frequently originated rate bucket for loans was 4-5%, with 26 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 20 $5,360,000 $268,000 $4,009 4.91%
    $1MM+ 12 $26,290,000 $2,190,833 $16,078 4.56%
    $100,000 or less 9 $495,000 $55,000 $508 7.89%
    $100k-200k 9 $1,295,000 $143,889 $1,801 5.25%
    $400k-600k 8 $3,830,000 $478,750 $6,830 4.69%
    $600k-1MM 3 $2,415,000 $805,000 $0 4.42%

    2020 saw Citywide Banks place emphasis on $200k-400k loans with 20 originations, totaling $5,360,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 8 $1,760,000 $220,000 $3,552 5.58%
    $250k+ 8 $4,840,000 $605,000 $7,247 5.96%
    $50k or less 3 $305,000 $101,667 $1,635 7.83%
    $75k-100k 3 $155,000 $51,667 $383 6.83%
    $50k-75k 2 $540,000 $270,000 $4,332 5.25%

    Citywide Banks lent most frequently to those with incomes in the $150k-250k range, with 8 originations. The second most popular income band? $250k+, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 5 $1,725,000 $345,000 $3,282 7.12%
    30-36% 4 $1,520,000 $380,000 $5,923 5.84%
    <20% 3 $1,195,000 $398,333 $5,711 7.10%
    44% 2 $430,000 $215,000 $3,604 5.13%
    50-60% 2 $610,000 $305,000 $4,448 5.63%
    41% 2 $570,000 $285,000 $500 6.30%
    42% 2 $630,000 $315,000 $5,975 6.63%
    46% 1 $145,000 $145,000 $3,875 3.75%
    49% 1 $215,000 $215,000 $0 4.00%
    37% 1 $35,000 $35,000 $150 7.25%

    Citywide Banks lent most frequently to those with DTI ratios of 20-30%, with 5 originations. The next most common DTI ratio? 30-36%, with 4 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 37 $32,085,000 $867,162 $0 4.74%
    White 13 $4,015,000 $308,846 $4,665 5.24%
    Not provided 10 $3,510,000 $351,000 $3,843 7.03%
    Black 1 $75,000 $75,000 $575 8.50%

    Approval Rates

    Total approvals of all applications
    89.69%

    Citywide Banks has an average approval rate.

    Pick Rate

    Approvals leading to origination
    57.38%

    Citywide Banks has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 61 $39,685,000 $650,574

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 9 $7,275,000 $808,333
    Multifamily:Site-Built 4 $16,080,000 $4,020,000
    Single Family (1-4 Units):Manufactured 2 $250,000 $125,000
    Single Family (1-4 Units):Site-Built 46 $16,080,000 $349,565

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $2,420,000 $1,210,000 $600 5.40%
    40-60% 12 $10,580,000 $881,667 $7,788 4.90%
    60-80% 30 $24,140,000 $804,667 $11,224 4.65%
    80-100% 2 $760,000 $380,000 $0 5.13%
    Under 20% 15 $1,785,000 $119,000 $776 6.85%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Citywide Banks 105 Edwards Village Boulevard, Suite D107 Edwards, CO 81632 Full Service B&M $57,996
    Citywide Banks 10660 East Colfax Avenue Aurora, CO 80010 Full Service B&M $211,194
    Citywide Banks 116 Lincoln Ave. Breckenridge, CO 80424 Full Service B&M $21,314
    Citywide Banks 12075 East 45th Avenue Denver, CO 80239 Full Service B&M $124,971
    Citywide Banks 1248 Bergen Pkwy Evergreen, CO 80439 Full Service B&M $55,294
    Citywide Banks 12501 West 52nd Avenue Arvada, CO 80002 Full Service B&M $105,042
    Citywide Banks 13700 East Arapahoe Road Centennial, CO 80112 Full Service B&M $117,518
    Citywide Banks 13731 East Mississippi Avenue Aurora, CO 80012 Full Service B&M $134,539
    Citywide Banks 1490 South Santa Fe Drive Denver, CO 80223 Full Service B&M $162,837
    Citywide Banks 1611 Canyon Boulevard Boulder, CO 80302 Full Service B&M $44,474
    Citywide Banks 16501 Washington Street Thornton, CO 80023 Full Service B&M $32,612
    Citywide Banks 1744 Miner Street, P.O. Box 3309 Idaho Springs, CO 80452 Full Service B&M $51,149
    Citywide Banks 1800 Larimer St Ste. 100 Denver, CO 80202 Full Service B&M $206,872
    Citywide Banks 1800 Larimer St, Ste 100 Denver, CO 80202 Full Service B&M $0
    Citywide Banks 199 South Briggs Street Erie, CO 80516 Full Service B&M $49,622
    Citywide Banks 2002 East Coalton Road Broomfield, CO 80021 Full Service B&M $84,717
    Citywide Banks 26 South Highway 119, P.O. Box 69 Nederland, CO 80466 Full Service B&M $45,182
    Citywide Banks 26679 Pleasant Park Road Conifer, CO 80433 Full Service B&M $38,873
    Citywide Banks 3290 South Wadsworth Boulevard Lakewood, CO 80227 Full Service B&M $73,300
    Citywide Banks 4600 So. Syracuse St Suite 150 Denver, CO 80237 Full Service B&M $155,832
    Citywide Banks 55 Madison Street, Suite 100 Denver, CO 80206 Full Service B&M $139,638
    Citywide Banks 6500 E Hampden Ave Denver, CO 80224 Full Service B&M $66,253
    Citywide Banks 770 Heritage Road Golden, CO 80401 Full Service B&M $38,933
    Citywide Banks 77699 Us Highway 40, Unit 2102 Fraser, CO 80442 Full Service B&M $129,481

    For 2020, Citywide Banks had 24 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $93,190
    Net interest income $89,465
    Total noninterest income $4,575
    Gross Fiduciary activities income $23
    Service charges on deposit accounts $3,792
    Trading account gains and fees $0
    Additional Noninterest Income $760
    Pre-tax net operating income $29,735
    Securities gains (or losses, -) $1,471
    Income before extraordinary items $23,975
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $23,975
    Minority interest net income $0
    Net income $23,975
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $22,812

    Citywide Banks's gross interest income from loans was $93,190,000.
    Citywide Banks's net interest income from loans was $89,465,000.
    Citywide Banks's fee based income from loans was $3,792,000.
    Citywide Banks's net income from loans was $23,975,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,725
    Provision for credit losses $9,330
    Total noninterest expense $54,975
    Salaries and employee benefits $17,743
    Premises and equipment expense $7,491
    Additional noninterest expense $29,741
    Applicable income taxes $7,231
    Net charge-offs $1,532
    Cash dividends $16,500

    Citywide Banks's interest expense for loans was $3,725,000.
    Citywide Banks's payroll and benefits expense were $17,743,000.
    Citywide Banks's property, plant and equipment expenses $7,491,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 1.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $2,181,511
    Deposits held in domestic offices $2,181,511
    Deposits by Individuals, partnerships, and corporations $2,084,645
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $96,866
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $453,215
    Demand deposits $335,042
    Nontransaction accounts $1,728,296
    Money market deposit accounts (MMDAs) $1,413,299
    Other savings deposits (excluding MMDAs) $170,379
    Total time deposits $144,618
    Total time and savings deposits $1,846,469
    Noninterest-bearing deposits $1,030,053
    Interest-bearing deposits $1,151,458
    Retail deposits $2,142,942
    IRAs and Keogh plan accounts $18,659
    Brokered deposits $5,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,630,370
    Cash & Balances due from depository institutions $40,613
    Interest-bearing balances $12,108
    Total securities $900,522
    Federal funds sold & reverse repurchase $32,875
    Net loans and leases $1,424,720
    Loan and leases loss allowance $19,635
    Trading account assets $1,679
    Bank premises and fixed assets $35,887
    Other real estate owned $6,978
    Goodwill and other intangibles $135,704
    All other assets $51,392

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,630,370
    Total Liabilities $2,247,078
    Total deposits $2,181,511
    Interest-bearing deposits $1,151,458
    Deposits held in domestic offices $2,181,511
    % insured (estimated) $51
    Federal funds purchased and repurchase agreements $1,690
    Trading liabilities $1,679
    Other borrowed funds $49,367
    Subordinated debt $0
    All other liabilities $12,831

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,424,720
    Loan and leases loss allowance $19,635
    Total loans and leases (domestic) $1,444,355
    All real estate loans $1,032,563
    Real estate loans in domestic offices $1,032,563
    Construction and development loans $185,912
    Residential 1-4 family construction $15,480
    Other construction, all land development and other land $170,432
    Loans secured by nonfarm nonresidential properties $613,879
    Nonfarm nonresidential secured by owner-occupied properties $337,688
    Commercial real estate & other non-farm, non-residential $276,191
    Multifamily residential real estate $53,952
    1-4 family residential loans $173,529
    Farmland loans $5,291
    Loans held in foreign offices $0
    Farm loans $116
    Commercial and industrial loans $385,649
    To non-U.S. addressees $0
    Loans to individuals $13,214
    Credit card loans $711
    Related Plans $6,373
    Consumer Auto Loans $4,569
    Other loans to individuals $1,561
    All other loans & leases $18,176
    Loans to foreign governments and official institutions $0
    Other loans $168
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $868
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Citywide Banks had $1,424,720,000 of loans outstanding in 2020. $1,032,563,000 of loans were in real estate loans. $185,912,000 of loans were in development loans. $53,952,000 of loans were in multifamily mortgage loans. $173,529,000 of loans were in 1-4 family mortgage loans. $116,000 of loans were in farm loans. $711,000 of loans were in credit card loans. $4,569,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 402 $125,673 $312,619
    Nonfarm, nonresidential loans - <$100k 37 $1,516 $40,973
    Nonfarm, nonresidential loans - $100-250k 85 $10,964 $128,988
    Nonfarm, nonresidential loans - $250k-1MM 280 $113,193 $404,261
    Commercial & Industrial, US addressed loans - <$1MM 1,779 $160,254 $90,081
    Commercial & Industrial, US addressed loans - <$100k 1,053 $25,291 $24,018
    Commercial & Industrial, US addressed loans - $100-250k 352 $36,847 $104,679
    Commercial & Industrial, US addressed loans - $250k-1MM 374 $98,116 $262,342
    Farmland loans - <$1MM 4 $369 $92,250
    Farmland loans - <$100k 2 $44 $22,000
    Farmland loans - $100-250k 2 $325 $162,500
    Agriculture operations loans - <$1MM 3 $116 $38,667
    Agriculture operations loans - <$100k 3 $116 $38,667