The Citizens Bank Mortgage Rates, Fees & Info

Olanta, SC

LEI: 549300M723MK3TTJ2783

Tax ID: 57-0874845

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Mortgage Data

Review & Overview

The Citizens Bank is a smaller bank specializing in Home Purchase and Refi loans. The Citizens Bank has a high proportion of conventional loans. Their top markets by origination volume include: Florence, Georgetown, Myrtle Beach, Columbia, and Sumter among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Citizens Bank 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.

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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Originations

205

Origination Dollar Volume (All Markets)

$47,895,000

Top Markets

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  • Leaflet | Map data © OpenStreetMap contributors| Map style: © OpenTopoMap (CC-BY-SA)

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    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
    FLORENCE, SC (FHA|USDA|VA) 92 $17,280,000 $187,826 $0 0.00%
    Georgetown, SC (FHA|USDA|VA) 33 $11,155,000 $338,030 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 20 $8,420,000 $421,000 $0 0.00%
    COLUMBIA, SC (FHA|USDA|VA) 14 $4,140,000 $295,714 $0 0.00%
    SUMTER, SC (FHA|USDA|VA) 21 $3,515,000 $167,381 $0 0.00%
    Outside of Metro Areas 16 $2,270,000 $141,875 $0 0.00%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 8 $1,090,000 $136,250 $0 0.00%
    Orangeburg, SC (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    The Citizens Bank's top markets include Florence, Georgetown, Myrtle Beach, Columbia, and Sumter among others.

    Their top states include:
  • South Carolina (FHA|USDA|VA)
  • Similar Lenders

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

    South Atlantic Bank
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    DHI MORTGAGE COMPANY, LTD.
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    Mortgage Research Center, LLC
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    Bank of America
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    Gateway First Bank
    Similarity Rank: 8177

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 205 $47,895,000 $233,634 $0 0.00%

    For 2022, The Citizens Bank's most frequently originated type of loan was Conventional, with 205 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 128 $35,220,000 $275,156 $0 0.00%
    Refi 68 $11,890,000 $174,853 $0 0.00%
    Home Improvement 6 $560,000 $93,333 $0 0.00%
    Other 3 $225,000 $75,000 $0 0.00%

    For 2022, The Citizens Bank's most frequently cited loan purpose was Home Purchase, with 128 originations. The 2nd most popular reason was Refi, with 68 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 205 $47,895,000 $233,634 $0 0.00%

    For 2022, The Citizens Bank's most frequently cited loan duration was Other, with 205 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 64 $3,820,000 $59,688 $0 0.00%
    $200k-400k 64 $18,070,000 $282,344 $0 0.00%
    $100k-200k 47 $6,635,000 $141,170 $0 0.00%
    $400k-600k 19 $9,025,000 $475,000 $0 0.00%
    $600k-1MM 7 $5,515,000 $787,857 $0 0.00%
    $1MM+ 4 $4,830,000 $1,207,500 $0 0.00%

    2022 saw The Citizens Bank place emphasis on $100,000 or less loans with 64 originations, totaling $3,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 175 $38,255,000 $218,600 $0 0.00%

    The Citizens Bank lent most frequently to those with incomes in the $50k or less range, with 175 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 205 $47,895,000 $233,634 $0 0.00%

    The Citizens Bank lent most frequently to those with DTI ratios of Exempt%, with 205 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 162 $33,980,000 $209,753 $0 0.00%
    Not applicable 28 $9,170,000 $327,500 $0 0.00%
    Not provided 4 $1,810,000 $452,500 $0 0.00%
    Asian 2 $1,500,000 $750,000 $0 0.00%
    Black 9 $1,435,000 $159,444 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.34%

    The Citizens Bank 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
    91.22%

    The Citizens Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 205 $47,895,000 $233,634

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    205 $47,895,000 $233,634