Citizens Bank Of Las Cruces Mortgage Rates, Fees & Info

Las Cruces, NM

LEI: 549300L5PE7ZGYRW5Q15

Tax ID: 85-0207454

5 stars - out of 5 stars, based on 24 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Citizens Bank Of Las Cruces is a smaller bank specializing in loans. Citizens Bank Of Las Cruces has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Las Cruces, El Paso, Albuquerque, Dallas, and Grants among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens Bank Of Las Cruces has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Citizens Bank Of Las Cruces 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.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.73% 3/27/23
    30 Year Conventional Refi 6.69% 3/27/23
    30 Year Cash-out Refi 6.91% 3/27/23
    30 Year FHA Purchase 7.31% 3/27/23
    30 Year FHA Refi 7.38% 3/27/23
    30 Year VA Purchase 6.43% 3/27/23
    15 Year Conventional Purchase 7.15% 3/27/23
    15 Year Conventional Refi 6.15% 3/27/23
    15 Year Cash-out Refi 6.15% 3/27/23
    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.


    Originations

    595

    Origination Dollar Volume (All Markets)

    $153,375,000
    Show all (10) awards

    Relative Rate

    Citizens Bank Of Las Cruces's average 30 year fixed mortgage rate was 4.98%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.22%.

    Relative Fees (Closing Costs)

    Citizens Bank Of Las Cruces's average total fees/closing costs for a 30 year fixed rate mortgage were $4,780.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    LAS CRUCES, NM (FHA|USDA|VA) 542 $135,970,000 $250,867 $4,587 5.02%
    EL PASO, TX (FHA|USDA|VA) 22 $5,100,000 $231,818 $6,723 5.14%
    ALBUQUERQUE, NM (FHA|USDA|VA) 5 $3,035,000 $607,000 $3,324 5.73%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $1,995,000 $1,995,000 $0 6.00%
    Grants, NM (FHA|USDA|VA) 1 $1,705,000 $1,705,000 $0 5.25%
    Alamogordo, NM (FHA|USDA|VA) 8 $1,580,000 $197,500 $6,477 5.08%
    Outside of Metro Areas 7 $1,055,000 $150,714 $2,766 5.82%
    Ruidoso, NM (FHA|USDA|VA) 2 $990,000 $495,000 $8,294 6.48%
    WACO, TX (FHA|USDA|VA) 1 $755,000 $755,000 $0 4.75%
    ODESSA, TX (FHA|USDA|VA) 1 $265,000 $265,000 $3,537 3.88%
    Silver City, NM (FHA|USDA|VA) 1 $255,000 $255,000 $2,971 3.13%
    Deming, NM (FHA|USDA|VA) 2 $250,000 $125,000 $1,833 3.75%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $215,000 $215,000 $0 6.63%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $205,000 $205,000 $2,871 6.25%
    Citizens Bank Of Las Cruces's top markets include Las Cruces, El Paso, Albuquerque, Dallas, and Grants among others.

    Their top states include:
  • New Mexico (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)

    • Similar Lenders

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

    PATRIOT MORTGAGE COMPANY
    Similarity Rank: 174
    EVOLVE
    Similarity Rank: 204
    GECU
    Similarity Rank: 310
    EL PASO AREA TEACHERS
    Similarity Rank: 612
    Rocky Mountain Mortgage Company
    Similarity Rank: 645
    Citizens Bank of Las Cruces
    Similarity Rank: 896
    First American Bank
    Similarity Rank: 986
    CADENCE LENDING GROUP, INC.
    Similarity Rank: 1036
    FirstLight Federal Credit Union
    Similarity Rank: 1200
    SECURITY SERVICE
    Similarity Rank: 1376

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 467 $117,925,000 $252,516 $3,513 5.14%
    FHA 83 $20,285,000 $244,398 $7,861 4.73%
    VA 45 $15,165,000 $337,000 $8,223 4.63%

    For 2022, Citizens Bank Of Las Cruces's most frequently originated type of loan was Conventional, with 467 originations. Their 2nd most popular type was FHA, with 83 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 520 $138,290,000 $265,942 $4,802 5.07%
    Refi 31 $7,625,000 $245,968 $3,663 4.56%
    Cash Out Refi 31 $5,765,000 $185,968 $2,778 4.92%
    Home Improvement 9 $575,000 $63,889 $1,214 5.61%
    Other 4 $1,120,000 $280,000 $5,313 4.90%

    For 2022, Citizens Bank Of Las Cruces's most frequently cited loan purpose was Home Purchase, with 520 originations. The 2nd most popular reason was Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 508 $130,890,000 $257,657 $4,780 4.98%
    15 Year 42 $7,980,000 $190,000 $2,950 5.07%
    10 Year 26 $9,510,000 $365,769 $1,257 5.97%
    20 Year 11 $1,665,000 $151,364 $2,545 4.73%
    Other 5 $2,405,000 $481,000 $0 6.40%
    5 Year 3 $925,000 $308,333 $0 5.50%

    For 2022, Citizens Bank Of Las Cruces's most frequently cited loan duration was 30 Year, with 508 originations. The 2nd most popular length was 15 Year, with 42 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 319 $77,095,000 $241,677
    $1k-2k 66 $17,220,000 $260,909
    $2k-3k 53 $13,475,000 $254,245
    $5k+ 31 $11,535,000 $372,097
    $4k-5k 24 $6,750,000 $281,250
    $3k-4k 23 $7,015,000 $305,000

    Citizens Bank Of Las Cruces's average total fees were $4,780, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 319 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 204 $52,920,000 $259,412
    3-4% 149 $36,215,000 $243,054
    4-5% 102 $27,200,000 $266,667
    6-7% 90 $24,570,000 $273,000
    7-8% 28 $7,300,000 $260,714
    2.5-3% 17 $4,765,000 $280,294
    Over 8% 4 $220,000 $55,000
    <2.5% 1 $185,000 $185,000

    During 2022, Citizens Bank Of Las Cruces's average interest rate for loans was 4.98%, while their most frequently originated rate bucket for loans was 5-6%, with 204 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 337 $92,425,000 $274,258 $5,192 4.98%
    $100k-200k 150 $23,600,000 $157,333 $3,187 4.94%
    $100,000 or less 51 $3,145,000 $61,667 $1,720 5.62%
    $400k-600k 42 $19,380,000 $461,429 $5,538 4.94%
    $600k-1MM 10 $6,750,000 $675,000 $9,034 5.65%
    $1MM+ 5 $8,075,000 $1,615,000 $11,748 6.15%

    2022 saw Citizens Bank Of Las Cruces place emphasis on $200k-400k loans with 337 originations, totaling $92,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 144 $29,240,000 $203,056 $4,688 4.93%
    $100k-150k 135 $36,505,000 $270,407 $4,789 5.05%
    $75k-100k 120 $29,710,000 $247,583 $4,488 4.91%
    $50k or less 71 $11,205,000 $157,817 $3,467 4.82%
    $150k-250k 69 $24,015,000 $348,043 $5,743 5.36%
    $250k+ 33 $12,855,000 $389,545 $4,866 5.38%

    Citizens Bank Of Las Cruces lent most frequently to those with incomes in the $50k-75k range, with 144 originations. The second most popular income band? $100k-150k, with 135 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 103 $24,455,000 $237,427 $3,960 5.00%
    20-30% 96 $23,090,000 $240,521 $4,053 4.82%
    <20% 35 $7,105,000 $203,000 $3,498 5.10%
    50-60% 34 $8,490,000 $249,706 $7,749 4.82%
    41% 31 $8,815,000 $284,355 $6,009 5.15%
    40% 29 $8,345,000 $287,759 $4,802 4.86%
    39% 26 $7,170,000 $275,769 $4,497 5.21%
    48% 26 $7,370,000 $283,462 $6,190 5.30%
    44% 24 $5,140,000 $214,167 $4,774 4.92%
    38% 22 $5,900,000 $268,182 $4,335 5.23%
    42% 22 $5,090,000 $231,364 $3,339 5.15%
    37% 21 $5,665,000 $269,762 $4,635 4.88%
    46% 20 $5,010,000 $250,500 $4,852 5.01%
    47% 20 $4,670,000 $233,500 $4,607 5.18%
    49% 19 $5,295,000 $278,684 $4,149 4.86%
    36% 15 $3,425,000 $228,333 $4,780 4.92%
    43% 12 $2,610,000 $217,500 $2,635 5.16%
    45% 8 $2,060,000 $257,500 $5,072 5.02%

    Citizens Bank Of Las Cruces lent most frequently to those with DTI ratios of 30-36%, with 103 originations. The next most common DTI ratio? 20-30%, with 96 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 479 $116,485,000 $243,184 $4,434 5.07%
    Not provided 55 $15,425,000 $280,455 $5,400 4.57%
    Not applicable 20 $9,150,000 $457,500 $2,772 5.76%
    Asian 13 $4,765,000 $366,538 $4,031 5.09%
    Black 12 $3,370,000 $280,833 $6,752 5.44%
    American Indian 11 $2,935,000 $266,818 $7,063 4.83%
    Asian Indian 2 $490,000 $245,000 $7,934 5.00%
    Other Pacific Islander 1 $275,000 $275,000 $2,426 3.00%
    Other Asian 1 $245,000 $245,000 $4,364 3.63%
    Native Hawaiian or Islander 1 $235,000 $235,000 $6,399 5.25%

    Approval Rates

    Total approvals of all applications
    96.25%

    Citizens Bank Of Las Cruces has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    87.73%

    Citizens Bank Of Las Cruces has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1105.5 1 $85,000 $85,000
    1374.25 1 $115,000 $115,000
    1695.5 1 $145,000 $145,000
    628.0 1 $45,000 $45,000
    725.5 1 $55,000 $55,000
    872.5 1 $65,000 $65,000
    940.5 1 $65,000 $65,000
    943.0 1 $75,000 $75,000
    980.5 1 $75,000 $75,000
    NA 586 $152,650,000 $260,495

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    595 $153,375,000 $257,773

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $3,730,000 $133,214 $2,362 5.13%
    40-60% 58 $15,480,000 $266,897 $3,429 5.14%
    60-80% 181 $47,415,000 $261,961 $3,844 5.26%
    80-100% 309 $84,225,000 $272,573 $5,231 4.83%
    Over 100% 7 $2,235,000 $319,286 $14,507 5.34%
    Under 20% 12 $290,000 $24,167 $451 6.27%

    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%