Citizens Bank Of Las Cruces Mortgage Rates, Fees & Info
Las Cruces, NMLEI: 549300L5PE7ZGYRW5Q15
Tax ID: 85-0207454
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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, 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.73% | 4/28/24 |
| 30 Year Conventional Refi | 6.69% | 4/28/24 |
| 30 Year Cash-out Refi | 6.91% | 4/28/24 |
| 30 Year FHA Purchase | 7.31% | 4/28/24 |
| 30 Year FHA Refi | 7.38% | 4/28/24 |
| 30 Year VA Purchase | 6.43% | 4/28/24 |
| 15 Year Conventional Purchase | 7.15% | 4/28/24 |
| 15 Year Conventional Refi | 6.15% | 4/28/24 |
| 15 Year Cash-out Refi | 6.15% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
595Origination Dollar Volume (All Markets)
$153,375,000Awards
Citizens Bank of Las Cruces - 2022
Citizens Bank of Las Cruces is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
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.
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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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications96.25%
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 origination87.73%
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 |
LTV Distribution
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% |