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, Fresno, Riverside, Visalia, and Oxnard among others. We have data for 24 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

138

Origination Dollar Volume (All Markets)

$219,920,000

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) 68 $108,150,000 $1,590,441 $0 0.00%
FRESNO, CA (FHA|USDA|VA) 16 $25,870,000 $1,616,875 $0 0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 10 $18,740,000 $1,874,000 $0 0.00%
VISALIA, CA (FHA|USDA|VA) 8 $11,360,000 $1,420,000 $0 0.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 6 $9,590,000 $1,598,333 $0 0.00%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $4,900,000 $2,450,000 $0 0.00%
MODESTO, CA (FHA|USDA|VA) 4 $4,660,000 $1,165,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $4,370,000 $2,185,000 $0 0.00%
RENO, NV (FHA|USDA|VA) 1 $4,005,000 $4,005,000 $0 0.00%
STOCKTON, CA (FHA|USDA|VA) 3 $3,915,000 $1,305,000 $0 0.00%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $3,270,000 $1,635,000 $0 0.00%
Outside of Metro Areas 1 $3,125,000 $3,125,000 $0 0.00%
CHICO, CA (FHA|USDA|VA) 1 $2,505,000 $2,505,000 $0 0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $2,305,000 $768,333 $0 0.00%
VALLEJO, CA (FHA|USDA|VA) 1 $2,075,000 $2,075,000 $0 0.00%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $2,055,000 $2,055,000 $0 0.00%
YUBA CITY, CA (FHA|USDA|VA) 1 $2,045,000 $2,045,000 $0 0.00%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $1,810,000 $905,000 $0 0.00%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $0 0.00%
BOISE CITY, ID (FHA|USDA|VA) 1 $1,015,000 $1,015,000 $0 0.00%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 0.00%
Sonora, CA (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 0.00%
Outside of Metro Areas 1 $805,000 $805,000 $0 0.00%
MERCED, CA (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
Citizens Business Bank's top markets include Los Angeles, Fresno, Riverside, Visalia, and Oxnard among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 138 $219,920,000 $1,593,623 $0 0.00%

    For 2022, Citizens Business Bank's most frequently originated type of loan was Conventional, with 138 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 80 $131,410,000 $1,642,625 $0 0.00%
    Home Purchase 47 $64,105,000 $1,363,936 $0 0.00%
    Other 9 $23,525,000 $2,613,889 $0 0.00%
    Home Improvement 2 $880,000 $440,000 $0 0.00%

    For 2022, Citizens Business Bank's most frequently cited loan purpose was Refi, with 80 originations. The 2nd most popular reason was Home Purchase, with 47 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 138 $219,920,000 $1,593,623 $0 0.00%

    For 2022, Citizens Business Bank's most frequently cited loan duration was Other, with 138 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 83 $184,455,000 $2,222,349 $0 0.00%
    $600k-1MM 34 $26,030,000 $765,588 $0 0.00%
    $400k-600k 16 $7,780,000 $486,250 $0 0.00%
    $200k-400k 5 $1,655,000 $331,000 $0 0.00%

    2022 saw Citizens Business Bank place emphasis on $1MM+ loans with 83 originations, totaling $184,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 32 $56,690,000 $1,771,563 $0 0.00%
    $150k-250k 9 $6,545,000 $727,222 $0 0.00%
    $50k or less 2 $1,520,000 $760,000 $0 0.00%
    $100k-150k 1 $1,005,000 $1,005,000 $0 0.00%

    Citizens Business Bank lent most frequently to those with incomes in the $250k+ range, with 32 originations. The second most popular income band? $150k-250k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 138 $219,920,000 $1,593,623 $0 0.00%

    Citizens Business Bank lent most frequently to those with DTI ratios of Exempt%, with 138 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 72 $126,960,000 $1,763,333 $0 0.00%
    White 42 $61,740,000 $1,470,000 $0 0.00%
    Not provided 13 $17,255,000 $1,327,308 $0 0.00%
    Asian 11 $13,965,000 $1,269,545 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.91%

    Citizens Business Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.36%

    Citizens Business Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 138 $219,920,000 $1,593,623

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    138 $219,920,000 $1,593,623

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 1 10.0%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 3 30.0%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 4 40.0%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 1 10.0%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 1 10.0%