Citywide Banks Mortgage Rates, Fees & Info

Denver, CO

LEI: 549300K2M70MU2D2F940

Tax ID: 20-5716674

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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)

    • Review & Overview

    Citywide Banks is a smaller bank specializing in Home Improvement, Refi, and Home Purchase loans. Citywide Banks has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Phoenix, Portland, Minneapolis, and Champaign among others. We have data for 61 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 an average 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.


    Originations

    1,274

    Origination Dollar Volume (All Markets)

    $476,630,000

    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
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 339 $111,555,000 $329,071 $997 3.06%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 292 $78,630,000 $269,281 $1,526 2.92%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $35,505,000 $35,505,000 $0 7.50%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 101 $25,275,000 $250,248 $788 3.48%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $23,505,000 $23,505,000 $0 3.09%
    ROCKFORD, IL (FHA|USDA|VA) 128 $22,340,000 $174,531 $613 4.35%
    Steamboat Springs, CO (FHA|USDA|VA) 2 $20,010,000 $10,005,000 $0 3.91%
    ROCHESTER, MN (FHA|USDA|VA) 2 $19,360,000 $9,680,000 $5,390 3.06%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 80 $18,410,000 $230,125 $609 3.28%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $18,195,000 $18,195,000 $0 6.75%
    Outside of Metro Areas 65 $17,215,000 $264,846 $2,033 3.02%
    BOULDER, CO (FHA|USDA|VA) 62 $17,050,000 $275,000 $1,032 2.98%
    FRESNO, CA (FHA|USDA|VA) 43 $16,065,000 $373,605 $637 3.36%
    Edwards, CO (FHA|USDA|VA) 18 $7,530,000 $418,333 $5,319 3.32%
    GREELEY, CO (FHA|USDA|VA) 34 $7,080,000 $208,235 $344 3.20%
    GRAND JUNCTION, CO (FHA|USDA|VA) 4 $4,310,000 $1,077,500 $0 2.71%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $3,765,000 $3,765,000 $0 2.05%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 10 $3,450,000 $345,000 $2,973 3.14%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $2,290,000 $1,145,000 $12,550 3.44%
    Breckenridge, CO (FHA|USDA|VA) 7 $2,035,000 $290,714 $1,749 2.29%
    Whitewater, WI (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 3.25%
    Sterling, CO (FHA|USDA|VA) 3 $1,815,000 $605,000 $0 5.98%
    FORT COLLINS, CO (FHA|USDA|VA) 8 $1,530,000 $191,250 $239 3.03%
    MADERA, CA (FHA|USDA|VA) 10 $1,500,000 $150,000 $363 3.31%
    VISALIA, CA (FHA|USDA|VA) 3 $1,405,000 $468,333 $0 4.15%
    FLAGSTAFF, AZ (FHA|USDA|VA) 2 $1,310,000 $655,000 $0 1.99%
    Key West, FL (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 3.50%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $925,000 $308,333 $0 4.00%
    EL PASO, TX (FHA|USDA|VA) 1 $815,000 $815,000 $0 8.00%
    PROVO-OREM, UT (FHA|USDA|VA) 1 $805,000 $805,000 $5,455 5.13%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $760,000 $380,000 $308 2.56%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 3 $665,000 $221,667 $2,106 4.50%
    Rochelle, IL (FHA|USDA|VA) 5 $655,000 $131,000 $1,308 3.49%
    SALINAS, CA (FHA|USDA|VA) 3 $585,000 $195,000 $308 2.29%
    MADISON, WI (FHA|USDA|VA) 2 $570,000 $285,000 $911 2.90%
    Heber, UT (FHA|USDA|VA) 1 $565,000 $565,000 $0 1.99%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $525,000 $525,000 $2,705 5.22%
    Brainerd, MN (FHA|USDA|VA) 1 $505,000 $505,000 $0 1.99%
    DUBUQUE, IA (FHA|USDA|VA) 1 $505,000 $505,000 $0 3.75%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $495,000 $165,000 $379 5.07%
    RENO, NV (FHA|USDA|VA) 1 $455,000 $455,000 $0 7.04%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $395,000 $395,000 $0 2.99%
    Sonora, CA (FHA|USDA|VA) 4 $340,000 $85,000 $385 2.57%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $290,000 $145,000 $333 3.86%
    Platteville, WI (FHA|USDA|VA) 1 $285,000 $285,000 $0 1.99%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 2.99%
    Fergus Falls, MN (FHA|USDA|VA) 1 $245,000 $245,000 $0 1.99%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $205,000 $205,000 $0 1.99%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $205,000 $205,000 $1,303 3.27%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $185,000 $185,000 $333 2.90%
    TUCSON, AZ (FHA|USDA|VA) 1 $165,000 $165,000 $0 1.99%
    PUEBLO, CO (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.99%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 1.99%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.99%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $150,000 $75,000 $0 2.99%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 2.99%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $105,000 $105,000 $303 2.90%
    Montrose, CO (FHA|USDA|VA) 1 $75,000 $75,000 $0 1.99%
    Ottawa, IL (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.75%
    KANKAKEE, IL (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.00%
    Faribault-Northfield, MN (FHA|USDA|VA) 1 $45,000 $45,000 $0 2.99%
    Citywide Banks's top markets include Denver, Phoenix, Portland, Minneapolis, and Champaign among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • California (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.

    Red Rocks Credit Union
    Similarity Rank: 384
    Credit Union of Denver
    Similarity Rank: 450
    DENVER COMMUNITY
    Similarity Rank: 651
    BLUE BRICK FINANCIAL LLC
    Similarity Rank: 1020
    ON TAP
    Similarity Rank: 1056
    ROCKY MOUNTAIN LAW ENFORCEMENT FCU
    Similarity Rank: 1624
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 1755
    PARTNER COLORADO
    Similarity Rank: 2004
    DHA FINANCIAL, LLC
    Similarity Rank: 2052
    AVENTA Credit Union
    Similarity Rank: 2065

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 867 $214,225,000 $247,088 n/a 2.78%
    Conventional 407 $262,405,000 $644,730 $1,200 4.24%

    For 2022, Citywide Banks's most frequently originated type of loan was HELOC, with 867 originations. Their 2nd most popular type was Conventional, with 407 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 602 $115,890,000 $192,508 $519 2.88%
    Other 320 $79,820,000 $249,438 $978 2.96%
    Refi 235 $102,215,000 $434,957 $1,221 4.04%
    Home Purchase 114 $174,410,000 $1,529,912 $6,510 4.31%
    Cash Out Refi 3 $4,295,000 $1,431,667 $6,036 4.13%

    For 2022, Citywide Banks's most frequently cited loan purpose was Home Improvement, with 602 originations. The 2nd most popular reason was Other, with 320 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 883 $260,795,000 $295,351 $166 2.81%
    15 Year 268 $51,710,000 $192,948 $836 3.85%
    5 Year 60 $56,140,000 $935,667 $327 5.23%
    10 Year 29 $10,655,000 $367,414 $467 4.39%
    30 Year 14 $21,430,000 $1,530,714 $9,415 4.71%
    1 Year 12 $8,880,000 $740,000 $0 5.35%
    3 Year 4 $66,260,000 $16,565,000 $0 4.83%
    20 Year 4 $760,000 $190,000 $833 6.58%

    For 2022, Citywide Banks's most frequently cited loan duration was Other, with 883 originations. The 2nd most popular length was 15 Year, with 268 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 281 $47,305,000 $168,345
    $1k-2k 16 $16,620,000 $1,038,750
    $5k+ 3 $6,215,000 $2,071,667
    $3k-4k 2 $1,660,000 $830,000
    $4k-5k 2 $2,500,000 $1,250,000
    $2k-3k 1 $515,000 $515,000

    Citywide Banks's average total fees were $9,415, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 281 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 533 $129,645,000 $243,236
    2.5-3% 233 $71,265,000 $305,858
    3-4% 199 $114,905,000 $577,412
    4-5% 124 $26,850,000 $216,532
    5-6% 91 $43,415,000 $477,088
    6-7% 59 $46,355,000 $785,678
    7-8% 28 $42,900,000 $1,532,143
    Over 8% 7 $1,295,000 $185,000

    During 2022, Citywide Banks's average interest rate for loans was 4.71%, while their most frequently originated rate bucket for loans was <2.5%, with 533 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 405 $23,425,000 $57,840 $438 3.37%
    $100k-200k 382 $52,690,000 $137,932 $517 3.07%
    $200k-400k 275 $75,725,000 $275,364 $1,173 3.00%
    $400k-600k 103 $49,255,000 $478,204 $1,948 3.25%
    $1MM+ 60 $239,170,000 $3,986,167 $9,194 4.05%
    $600k-1MM 49 $36,365,000 $742,143 $4,014 4.00%

    2022 saw Citywide Banks place emphasis on $100,000 or less loans with 405 originations, totaling $23,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 334 $68,690,000 $205,659 $720 3.01%
    $250k+ 278 $133,770,000 $481,187 $2,928 3.34%
    $100k-150k 259 $37,205,000 $143,649 $612 2.85%
    $50k-75k 105 $11,545,000 $109,952 $523 3.26%
    $75k-100k 105 $10,685,000 $101,762 $486 2.93%
    $50k or less 53 $4,485,000 $84,623 $684 3.35%

    Citywide Banks lent most frequently to those with incomes in the $150k-250k range, with 334 originations. The second most popular income band? $250k+, with 278 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 225 $47,395,000 $210,644 $1,084 3.10%
    30-36% 199 $40,685,000 $204,447 $1,369 3.00%
    42% 154 $27,430,000 $178,117 $1,093 3.03%
    <20% 139 $36,435,000 $262,122 $1,579 3.27%
    43% 109 $27,315,000 $250,596 $536 2.80%
    41% 47 $10,375,000 $220,745 $1,432 2.96%
    39% 42 $7,670,000 $182,619 $1,159 3.11%
    36% 41 $10,115,000 $246,707 $882 3.19%
    38% 40 $10,230,000 $255,750 $1,399 3.03%
    40% 38 $7,060,000 $185,789 $868 3.09%
    37% 38 $9,180,000 $241,579 $1,020 2.98%
    >60% 24 $14,240,000 $593,333 $1,693 3.11%
    50-60% 10 $3,630,000 $363,000 $1,266 3.31%
    45% 9 $4,035,000 $448,333 $1,307 3.25%
    47% 4 $2,790,000 $697,500 $0 1.99%
    46% 3 $805,000 $268,333 $338 2.70%
    44% 2 $420,000 $210,000 $5,697 5.00%

    Citywide Banks lent most frequently to those with DTI ratios of 20-30%, with 225 originations. The next most common DTI ratio? 30-36%, with 199 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 93 $199,115,000 $2,141,022 $0 5.00%
    White 758 $171,770,000 $226,609 $1,214 3.18%
    Not provided 381 $98,255,000 $257,887 $1,154 2.93%
    Asian 16 $3,570,000 $223,125 $3,146 2.78%
    American Indian 9 $1,365,000 $151,667 $371 2.81%
    Asian Indian 4 $1,340,000 $335,000 $0 5.00%
    Black 11 $925,000 $84,091 $541 4.53%
    Native Hawaiian 1 $225,000 $225,000 $0 1.99%
    Korean 1 $65,000 $65,000 $333 3.27%

    Approval Rates

    Total approvals of all applications
    70.57%

    Citywide Banks has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    87.28%

    Citywide Banks has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,274 $476,630,000 $374,121

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,274 $476,630,000 $374,121

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 391 $147,505,000 $377,251 $943 3.14%
    40-60% 121 $84,555,000 $698,802 $1,571 3.44%
    60-80% 146 $159,280,000 $1,090,959 $4,240 4.02%
    80-100% 27 $15,715,000 $582,037 $3,408 4.43%
    Over 100% 1 $505,000 $505,000 $0 3.75%
    Under 20% 588 $69,070,000 $117,466 $535 3.03%