Citizens Bank Of Las Cruces Mortgage Rates, Fees & Info

Las Cruces, NM

LEI: 549300L5PE7ZGYRW5Q15

Tax ID: 85-0207454

5 stars - Updated: 12/4/24 - out of 5 stars, based on 18 reviews

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

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Mortgage Data

Review & Overview

Citizens Bank Of Las Cruces is a smaller bank specializing in Home Purchase 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, Carlsbad, El Paso, Ruidoso, and Los Alamos among others. We have data for 11 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 an above 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 relatively high 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% 12/4/24
30 Year Conventional Refi 6.69% 12/4/24
30 Year Cash-out Refi 6.91% 12/4/24
30 Year FHA Purchase 7.31% 12/4/24
30 Year FHA Refi 7.38% 12/4/24
30 Year VA Purchase 6.43% 12/4/24
15 Year Conventional Purchase 7.15% 12/4/24
15 Year Conventional Refi 6.15% 12/4/24
15 Year Cash-out Refi 6.15% 12/4/24
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.

Citizens Bank Of Las Cruces Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Citizens Bank Of Las Cruces. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

333

Origination Dollar Volume (All Markets)

$99,185,000

Awards

Citizens Bank of Las Cruces FHA Loans gold
Show all (1) awards

Relative Rate

Citizens Bank Of Las Cruces's average 30 year fixed mortgage rate was 6.79%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.31%.

Relative Fees (Closing Costs)

Citizens Bank Of Las Cruces's average total fees/closing costs for a 30 year fixed rate mortgage were $5,654.

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 $9,089.

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) 307 $81,745,000 $266,270 $5,230 6.93%
Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $11,005,000 $11,005,000 $0 6.25%
EL PASO, TX (FHA|USDA|VA) 12 $4,160,000 $346,667 $6,911 7.24%
Outside of Metro Areas 5 $575,000 $115,000 $1,865 8.65%
Ruidoso, NM (FHA|USDA|VA) 1 $465,000 $465,000 $14,466 8.25%
Los Alamos, NM (FHA|USDA|VA) 1 $405,000 $405,000 $7,105 6.50%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $245,000 $245,000 $0 7.63%
Deming, NM (FHA|USDA|VA) 2 $220,000 $110,000 $0 7.00%
Roswell, NM (FHA|USDA|VA) 1 $175,000 $175,000 $2,419 7.25%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $95,000 $95,000 $2,734 5.99%
Alamogordo, NM (FHA|USDA|VA) 1 $95,000 $95,000 $0 8.50%
Citizens Bank Of Las Cruces's top markets include Las Cruces, Carlsbad, El Paso, Ruidoso, and Los Alamos among others.

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

    EVOLVE
    Similarity Rank: 18
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    PATRIOT MORTGAGE COMPANY
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    SUN AMERICAN MORTGAGE COMPANY
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    First American Bank
    Similarity Rank: 264
    Citizens Bank of Las Cruces
    Similarity Rank: 495
    FirstLight Federal Credit Union
    Similarity Rank: 568

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 272 $82,260,000 $302,426 $4,255 7.09%
    FHA 38 $10,080,000 $265,263 $8,760 6.48%
    VA 23 $6,845,000 $297,609 $9,584 6.35%

    For 2023, Citizens Bank Of Las Cruces's most frequently originated type of loan was Conventional, with 272 originations. Their 2nd most popular type was FHA, with 38 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 308 $95,460,000 $309,935 $5,516 6.91%
    Home Improvement 8 $650,000 $81,250 $993 8.22%
    Cash Out Refi 7 $1,165,000 $166,429 $3,860 7.32%
    Other 6 $690,000 $115,000 $1,721 7.73%
    Refi 4 $1,220,000 $305,000 $2,941 6.94%

    For 2023, Citizens Bank Of Las Cruces's most frequently cited loan purpose was Home Purchase, with 308 originations. The 2nd most popular reason was Home Improvement, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 277 $76,225,000 $275,181 $5,654 6.79%
    15 Year 32 $5,060,000 $158,125 $2,510 7.60%
    10 Year 7 $765,000 $109,286 $361 8.11%
    Other 6 $3,120,000 $520,000 $0 8.38%
    20 Year 5 $2,405,000 $481,000 $2,897 7.95%
    5 Year 5 $11,395,000 $2,279,000 $0 8.19%
    1 Year 1 $215,000 $215,000 $0 8.50%

    For 2023, Citizens Bank Of Las Cruces's most frequently cited loan duration was 30 Year, with 277 originations. The 2nd most popular length was 15 Year, with 32 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 145 $34,395,000 $237,207
    $5k+ 41 $14,455,000 $352,561
    $1k-2k 32 $7,740,000 $241,875
    $3k-4k 31 $8,965,000 $289,194
    $2k-3k 29 $8,315,000 $286,724
    $4k-5k 12 $3,140,000 $261,667

    Citizens Bank Of Las Cruces's average total fees were $5,654, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 145 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 161 $56,735,000 $352,391
    7-8% 92 $22,880,000 $248,696
    5-6% 42 $11,520,000 $274,286
    Over 8% 38 $8,050,000 $211,842

    During 2023, Citizens Bank Of Las Cruces's average interest rate for loans was 6.79%, while their most frequently originated rate bucket for loans was 6-7%, with 161 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 179 $50,225,000 $280,587 $6,002 6.79%
    $100k-200k 76 $12,340,000 $162,368 $3,765 7.03%
    $400k-600k 39 $18,005,000 $461,667 $7,493 6.70%
    $100,000 or less 30 $1,220,000 $40,667 $848 8.07%
    $600k-1MM 6 $3,890,000 $648,333 $5,718 7.39%
    $1MM+ 3 $13,505,000 $4,501,667 $0 7.67%

    2023 saw Citizens Bank Of Las Cruces place emphasis on $200k-400k loans with 179 originations, totaling $50,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 87 $25,845,000 $297,069 $5,738 6.90%
    $50k-75k 68 $12,040,000 $177,059 $4,912 6.85%
    $150k-250k 57 $20,615,000 $361,667 $5,662 6.78%
    $75k-100k 52 $12,410,000 $238,654 $5,045 6.93%
    $250k+ 27 $7,605,000 $281,667 $6,046 7.35%
    $50k or less 25 $3,455,000 $138,200 $3,833 6.83%

    Citizens Bank Of Las Cruces lent most frequently to those with incomes in the $100k-150k range, with 87 originations. The second most popular income band? $50k-75k, with 68 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 60 $13,320,000 $222,000 $4,045 7.01%
    20-30% 53 $12,085,000 $228,019 $3,865 7.00%
    50-60% 18 $5,150,000 $286,111 $9,865 6.54%
    <20% 17 $3,655,000 $215,000 $3,486 6.89%
    40% 15 $4,225,000 $281,667 $5,322 6.76%
    47% 15 $4,445,000 $296,333 $6,268 6.89%
    36% 14 $3,680,000 $262,857 $5,156 6.89%
    46% 14 $3,830,000 $273,571 $6,380 6.79%
    49% 13 $3,725,000 $286,538 $4,992 6.70%
    48% 13 $4,135,000 $318,077 $8,345 6.60%
    41% 13 $3,115,000 $239,615 $5,190 6.65%
    37% 12 $3,450,000 $287,500 $5,368 6.76%
    42% 12 $3,510,000 $292,500 $5,706 6.82%
    38% 11 $3,075,000 $279,545 $4,940 7.07%
    43% 10 $3,770,000 $377,000 $5,776 7.16%
    45% 9 $3,085,000 $342,778 $6,241 6.79%
    39% 8 $2,070,000 $258,750 $6,331 7.16%
    44% 6 $1,350,000 $225,000 $3,483 6.33%

    Citizens Bank Of Las Cruces lent most frequently to those with DTI ratios of 30-36%, with 60 originations. The next most common DTI ratio? 20-30%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 258 $64,590,000 $250,349 $4,972 6.95%
    Not applicable 12 $16,250,000 $1,354,167 $0 8.54%
    Not provided 31 $8,835,000 $285,000 $6,089 6.74%
    American Indian 10 $3,450,000 $345,000 $7,360 6.85%
    Asian 12 $3,080,000 $256,667 $5,688 6.74%
    Black 8 $2,280,000 $285,000 $7,915 6.76%
    Native Hawaiian or Islander 1 $495,000 $495,000 $8,524 6.50%
    Other Asian 1 $205,000 $205,000 $1,936 7.25%

    Approval Rates

    Total approvals of all applications
    95.80%

    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
    90.39%

    Citizens Bank Of Las Cruces has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1365.5 1 $115,000 $115,000
    NA 332 $99,070,000 $298,404

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    333 $99,185,000 $297,853

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $3,450,000 $143,750 $2,464 6.86%
    40-60% 30 $7,220,000 $240,667 $4,736 6.98%
    60-80% 129 $48,835,000 $378,566 $4,846 7.14%
    80-100% 126 $38,040,000 $301,905 $6,713 6.64%
    Over 100% 3 $965,000 $321,667 $13,666 6.38%
    Under 20% 21 $675,000 $32,143 $504 8.12%