Citizens Bank Of Las Cruces Mortgage Rates, Fees & Info

Las Cruces, NM

LEI: 549300L5PE7ZGYRW5Q15

Tax ID: 85-0207454

5 stars - Updated: 7/7/25 - out of 5 stars, based on 18 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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 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, Cleveland, El Paso, Phoenix, and Albuquerque 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 a below average pick rate when compared to similar lenders. Citizens Bank Of Las Cruces is typically a low 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 7.11% 7/7/25
    30 Year Conventional Refi 6.88% 7/7/25
    30 Year Cash-out Refi 7.03% 7/7/25
    30 Year FHA Purchase 7.03% 7/7/25
    30 Year VA Purchase 6.68% 7/7/25
    15 Year Conventional Purchase 4.87% 7/7/25
    15 Year Conventional Refi 8.44% 7/7/25
    15 Year Cash-out Refi 8.44% 7/7/25
    15 Year VA Purchase 6.37% 7/7/25
    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

    335

    Origination Dollar Volume (All Markets)

    $92,685,000

    Awards

    Citizens Bank of Las Cruces 30 Year Conventional Loans silver Citizens Bank of Las Cruces FHA Loans gold
    Show all (2) awards

    Relative Rate

    Citizens Bank Of Las Cruces's average 30 year fixed mortgage rate was 6.8%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.25%.

    Relative Fees (Closing Costs)

    Citizens Bank Of Las Cruces's average total fees/closing costs for a 30 year fixed rate mortgage were $4,976.

    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 $8,356.

    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) 309 $80,005,000 $258,916 $4,591 6.75%
    CLEVELAND, TN (FHA|USDA|VA) 1 $3,925,000 $3,925,000 $0 8.50%
    EL PASO, TX (FHA|USDA|VA) 10 $3,750,000 $375,000 $9,389 7.02%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $1,330,000 $665,000 $5,873 6.88%
    ALBUQUERQUE, NM (FHA|USDA|VA) 3 $945,000 $315,000 $3,828 6.75%
    Alamogordo, NM (FHA|USDA|VA) 2 $880,000 $440,000 $12,455 7.44%
    Silver City, NM (FHA|USDA|VA) 1 $525,000 $525,000 $3,862 6.88%
    Deming, NM (FHA|USDA|VA) 2 $430,000 $215,000 $5,589 6.38%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $385,000 $385,000 $4,395 7.00%
    Outside of Metro Areas 3 $365,000 $121,667 $2,655 7.33%
    Ruidoso, NM (FHA|USDA|VA) 1 $145,000 $145,000 $4,415 7.63%
    Citizens Bank Of Las Cruces's top markets include Las Cruces, Cleveland, El Paso, Phoenix, and Albuquerque among others.

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

    NUSENDA
    Similarity Rank: 154
    Rocky Mountain Mortgage Company
    Similarity Rank: 156
    EL PASO AREA TEACHERS
    Similarity Rank: 168
    FirstLight Federal Credit Union
    Similarity Rank: 200
    First American Bank
    Similarity Rank: 234
    PATRIOT MORTGAGE COMPANY
    Similarity Rank: 260
    CADENCE LENDING GROUP, INC.
    Similarity Rank: 447
    SUN AMERICAN MORTGAGE COMPANY
    Similarity Rank: 504
    Citizens Bank of Las Cruces
    Similarity Rank: 517
    GECU
    Similarity Rank: 1008

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 263 $70,705,000 $268,840 $3,385 6.90%
    FHA 49 $14,125,000 $288,265 $9,104 6.23%
    VA 23 $7,855,000 $341,522 $8,351 6.58%

    For 2024, Citizens Bank Of Las Cruces's most frequently originated type of loan was Conventional, with 263 originations. Their 2nd most popular type was FHA, with 49 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 314 $86,950,000 $276,911 $4,815 6.73%
    Refi 13 $4,525,000 $348,077 $3,681 7.56%
    Cash Out Refi 7 $1,195,000 $170,714 $2,739 7.11%
    Other 1 $15,000 $15,000 $368 9.25%

    For 2024, Citizens Bank Of Las Cruces's most frequently cited loan purpose was Home Purchase, with 314 originations. The 2nd most popular reason was Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 282 $75,770,000 $268,688 $4,976 6.80%
    15 Year 20 $4,190,000 $209,500 $2,840 4.97%
    10 Year 10 $1,590,000 $159,000 $100 6.56%
    20 Year 8 $1,700,000 $212,500 $3,665 7.67%
    Other 8 $7,570,000 $946,250 $2,610 8.00%
    5 Year 6 $1,650,000 $275,000 $0 8.71%
    3 Year 1 $215,000 $215,000 $0 9.50%

    For 2024, Citizens Bank Of Las Cruces's most frequently cited loan duration was 30 Year, with 282 originations. The 2nd most popular length was 15 Year, with 20 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 203 $48,275,000 $237,808
    $1k-2k 26 $7,540,000 $290,000
    $5k+ 26 $10,510,000 $404,231
    $2k-3k 18 $4,840,000 $268,889
    $3k-4k 12 $3,330,000 $277,500
    $4k-5k 9 $3,025,000 $336,111

    Citizens Bank Of Las Cruces's average total fees were $4,976, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 203 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 181 $49,765,000 $274,945
    7-8% 75 $21,965,000 $292,867
    5-6% 37 $10,525,000 $284,459
    Over 8% 34 $10,310,000 $303,235
    <2.5% 8 $120,000 $15,000

    During 2024, Citizens Bank Of Las Cruces's average interest rate for loans was 6.80%, while their most frequently originated rate bucket for loans was 6-7%, with 181 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 195 $55,535,000 $284,795 $5,442 6.77%
    $100k-200k 52 $8,010,000 $154,038 $2,840 7.03%
    $100,000 or less 46 $1,550,000 $33,696 $788 6.31%
    $400k-600k 28 $13,530,000 $483,214 $7,260 6.89%
    $600k-1MM 10 $6,930,000 $693,000 $9,036 6.97%
    $1MM+ 4 $7,130,000 $1,782,500 $9,570 8.31%

    2024 saw Citizens Bank Of Las Cruces place emphasis on $200k-400k loans with 195 originations, totaling $55,535,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 84 $14,490,000 $172,500 $4,117 6.40%
    $75k-100k 70 $14,560,000 $208,000 $4,300 6.69%
    $100k-150k 67 $20,435,000 $305,000 $4,965 6.76%
    $150k-250k 52 $17,540,000 $337,308 $5,827 7.03%
    $250k+ 32 $13,720,000 $428,750 $6,283 6.97%
    $50k or less 13 $1,575,000 $121,154 $2,892 6.38%

    Citizens Bank Of Las Cruces lent most frequently to those with incomes in the $50k-75k range, with 84 originations. The second most popular income band? $75k-100k, with 70 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 59 $15,525,000 $263,136 $4,436 6.67%
    30-36% 44 $12,120,000 $275,455 $4,172 6.82%
    42% 24 $3,770,000 $157,083 $3,097 6.23%
    <20% 17 $5,195,000 $305,588 $4,286 6.87%
    43% 17 $4,415,000 $259,706 $3,965 6.88%
    47% 15 $4,205,000 $280,333 $6,111 6.17%
    50-60% 15 $4,695,000 $313,000 $8,182 6.29%
    40% 14 $3,430,000 $245,000 $3,978 7.35%
    37% 13 $3,365,000 $258,846 $4,719 6.79%
    41% 13 $2,685,000 $206,538 $4,641 7.23%
    44% 13 $4,145,000 $318,846 $5,450 6.73%
    39% 12 $3,120,000 $260,000 $3,453 6.75%
    36% 11 $2,825,000 $256,818 $5,254 6.58%
    45% 10 $1,780,000 $178,000 $5,020 5.60%
    46% 10 $2,660,000 $266,000 $4,106 6.96%
    49% 10 $2,530,000 $253,000 $6,351 6.39%
    38% 9 $1,975,000 $219,444 $4,177 6.99%
    48% 8 $2,810,000 $351,250 $7,663 6.45%

    Citizens Bank Of Las Cruces lent most frequently to those with DTI ratios of 20-30%, with 59 originations. The next most common DTI ratio? 30-36%, with 44 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 265 $68,645,000 $259,038 $4,699 6.71%
    Not applicable 14 $9,610,000 $686,429 $0 8.48%
    Not provided 29 $8,095,000 $279,138 $4,864 6.89%
    Black 14 $3,180,000 $227,143 $4,623 5.92%
    Asian 6 $1,470,000 $245,000 $6,357 6.96%
    American Indian 5 $1,265,000 $253,000 $4,375 7.28%
    Asian Indian 1 $285,000 $285,000 $5,332 6.38%
    Other Asian 1 $135,000 $135,000 $2,214 6.50%

    Approval Rates

    Total approvals of all applications
    95.66%

    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
    88.06%

    Citizens Bank Of Las Cruces has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    515.5 1 $35,000 $35,000
    915.5 1 $75,000 $75,000
    NA 333 $92,575,000 $278,003

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    335 $92,685,000 $276,672

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $2,435,000 $128,158 $2,587 7.12%
    40-60% 44 $12,010,000 $272,955 $2,930 6.95%
    60-80% 88 $27,110,000 $308,068 $4,605 7.16%
    80-100% 145 $48,865,000 $337,000 $6,151 6.63%
    Over 100% 5 $1,685,000 $337,000 $13,628 6.43%
    Under 20% 34 $580,000 $17,059 $391 6.07%