Citizens Business Bank Mortgage Rates, Fees & Info

Ontario, CA

LEI: 549300L36QZWPHM6FP31

Tax ID: 95-2868024

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Mortgage Data

Review & Overview

Citizens Business Bank is a smaller bank specializing in Refi and Home Purchase loans. Citizens Business Bank has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Bakersfield, Riverside, Fresno, and Phoenix among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

Citizens Business Bank 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.

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Originations

60

Origination Dollar Volume (All Markets)

$101,240,000

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 26 $53,280,000 $2,049,231 $0 0.00%
BAKERSFIELD, CA (FHA|USDA|VA) 6 $9,710,000 $1,618,333 $0 0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $9,395,000 $1,879,000 $0 0.00%
FRESNO, CA (FHA|USDA|VA) 8 $9,010,000 $1,126,250 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $6,585,000 $6,585,000 $0 0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $5,130,000 $2,565,000 $0 0.00%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $1,745,000 $1,745,000 $0 0.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $0 0.00%
MADERA, CA (FHA|USDA|VA) 3 $1,425,000 $475,000 $0 0.00%
MODESTO, CA (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 0.00%
KNOXVILLE, TN (FHA|USDA|VA) 1 $755,000 $755,000 $0 0.00%
VISALIA, CA (FHA|USDA|VA) 2 $620,000 $310,000 $0 0.00%
Outside of Metro Areas 1 $615,000 $615,000 $0 0.00%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
LINCOLN, NE (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
Citizens Business Bank's top markets include Los Angeles, Bakersfield, Riverside, Fresno, and Phoenix among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 60 $101,240,000 $1,687,333 $0 0.00%

    For 2023, Citizens Business Bank's most frequently originated type of loan was Conventional, with 60 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 37 $66,355,000 $1,793,378 $0 0.00%
    Home Purchase 20 $32,950,000 $1,647,500 $0 0.00%
    Home Improvement 2 $930,000 $465,000 $0 0.00%
    Other 1 $1,005,000 $1,005,000 $0 0.00%

    For 2023, Citizens Business Bank's most frequently cited loan purpose was Refi, with 37 originations. The 2nd most popular reason was Home Purchase, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 60 $101,240,000 $1,687,333 $0 0.00%

    For 2023, Citizens Business Bank's most frequently cited loan duration was Other, with 60 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 33 $86,955,000 $2,635,000 $0 0.00%
    $600k-1MM 13 $9,535,000 $733,462 $0 0.00%
    $200k-400k 10 $2,750,000 $275,000 $0 0.00%
    $400k-600k 4 $2,000,000 $500,000 $0 0.00%

    2023 saw Citizens Business Bank place emphasis on $1MM+ loans with 33 originations, totaling $86,955,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 9 $7,745,000 $860,556 $0 0.00%
    $150k-250k 3 $2,855,000 $951,667 $0 0.00%
    $100k-150k 2 $1,400,000 $700,000 $0 0.00%
    $75k-100k 2 $770,000 $385,000 $0 0.00%

    Citizens Business Bank lent most frequently to those with incomes in the $250k+ range, with 9 originations. The second most popular income band? $150k-250k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 60 $101,240,000 $1,687,333 $0 0.00%

    Citizens Business Bank lent most frequently to those with DTI ratios of Exempt%, with 60 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 36 $77,700,000 $2,158,333 $0 0.00%
    White 17 $20,345,000 $1,196,765 $0 0.00%
    Not provided 6 $2,860,000 $476,667 $0 0.00%
    Asian 1 $335,000 $335,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.92%

    Citizens Business Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    48.33%

    Citizens Business Bank 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
    Exempt 60 $101,240,000 $1,687,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    60 $101,240,000 $1,687,333