Citizens Bank Of Kentucky Mortgage Rates, Fees & Info

Paintsville, KY

LEI: 549300L1U2HOTC8O4K95

Tax ID: 61-0335030

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
  • 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

    Citizens Bank Of Kentucky is a smaller bank specializing in Home Purchase loans. Citizens Bank Of Kentucky has a high proportion of conventional loans. Their top markets by origination volume include: Huntington, Lexington, Mount Sterling, London, and Richmond among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens Bank Of Kentucky 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.

    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.

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    Originations

    75

    Origination Dollar Volume (All Markets)

    $14,775,000

    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
    Outside of Metro Areas 48 $6,960,000 $145,000 $0 0.00%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 20 $3,810,000 $190,500 $0 0.00%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 4 $3,640,000 $910,000 $0 0.00%
    Mount Sterling, KY (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    London, KY (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Richmond-Berea, KY (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Citizens Bank Of Kentucky's top markets include Huntington, Lexington, Mount Sterling, London, and Richmond among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 75 $14,775,000 $197,000 $0 0.00%

    For 2024, Citizens Bank Of Kentucky's most frequently originated type of loan was Conventional, with 75 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 51 $11,615,000 $227,745 $0 0.00%
    Refi 15 $2,535,000 $169,000 $0 0.00%
    Home Improvement 5 $365,000 $73,000 $0 0.00%
    Other 4 $260,000 $65,000 $0 0.00%

    For 2024, Citizens Bank Of Kentucky's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 75 $14,775,000 $197,000 $0 0.00%

    For 2024, Citizens Bank Of Kentucky's most frequently cited loan duration was Other, with 75 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 32 $1,840,000 $57,500 $0 0.00%
    $100k-200k 22 $3,350,000 $152,273 $0 0.00%
    $200k-400k 15 $4,565,000 $304,333 $0 0.00%
    $400k-600k 4 $1,800,000 $450,000 $0 0.00%
    $1MM+ 1 $2,615,000 $2,615,000 $0 0.00%
    $600k-1MM 1 $605,000 $605,000 $0 0.00%

    2024 saw Citizens Bank Of Kentucky place emphasis on $100,000 or less loans with 32 originations, totaling $1,840,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $2,165,000 $166,538 $0 0.00%
    $75k-100k 13 $1,845,000 $141,923 $0 0.00%
    $50k or less 12 $650,000 $54,167 $0 0.00%
    $150k-250k 10 $3,110,000 $311,000 $0 0.00%
    $50k-75k 8 $700,000 $87,500 $0 0.00%
    $250k+ 4 $1,380,000 $345,000 $0 0.00%

    Citizens Bank Of Kentucky lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $75k-100k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 75 $14,775,000 $197,000 $0 0.00%

    Citizens Bank Of Kentucky lent most frequently to those with DTI ratios of Exempt%, with 75 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 57 $8,735,000 $153,246 $0 0.00%
    Not applicable 14 $4,860,000 $347,143 $0 0.00%
    Asian 3 $685,000 $228,333 $0 0.00%
    Not provided 1 $495,000 $495,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.21%

    Citizens Bank Of Kentucky has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.33%

    Citizens Bank Of Kentucky has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 75 $14,775,000 $197,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    75 $14,775,000 $197,000