Cis Financial Services Mortgage Rates, Fees & Info

HAMILTON, AL

LEI: 549300OSY236S7MBKO83

Tax ID: 63-1052225

2.9 stars - out of 5 stars, based on 23 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Cis Financial Services is a smaller mortgage company specializing in Home Purchase and Refi loans. Cis Financial Services has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Florence, Tupelo, Hickory, Nashville, and Lakeland among others. Cis Financial Services has a below average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Cis Financial Services is typically a high fee lendor.


Originations

518

Origination Dollar Volume (All Markets)

$98,010,000

Awards

CIS Financial Services  30 Year Conventional Loans gold CIS Financial Services  30 Year Conventional Loans gold CIS Financial Services  USDA Loans bronze
Show all (3) awards

Relative Rate

Cis Financial Services 's average 30 year fixed rate mortgage of loans were 3.15%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0%.

Relative Fees

Cis Financial Services 's average total fees for a 30 year fixed rate mortgage are $6,798.

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

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Outside of Metro Areas 126 $18,570,000 $147,381 $5,504 3.07%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 69 $11,855,000 $171,812 $5,841 2.91%
Tupelo, MS (FHA|USDA|VA) 34 $5,560,000 $163,529 $6,618 2.99%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 32 $5,190,000 $162,188 $6,017 3.40%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 10 $3,870,000 $387,000 $6,955 2.99%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 15 $3,765,000 $251,000 $6,848 2.75%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 10 $3,650,000 $365,000 $7,841 2.93%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 15 $3,145,000 $209,667 $5,819 3.10%
DECATUR, AL (FHA|USDA|VA) 17 $2,665,000 $156,765 $5,176 2.92%
TUSCALOOSA, AL (FHA|USDA|VA) 14 $2,430,000 $173,571 $6,014 3.48%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 12 $2,410,000 $200,833 $7,250 3.13%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 11 $2,225,000 $202,273 $6,543 3.20%
Oxford, MS (FHA|USDA|VA) 7 $2,065,000 $295,000 $7,412 2.84%
HUNTSVILLE, AL (FHA|USDA|VA) 10 $1,990,000 $199,000 $6,858 3.15%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 6 $1,660,000 $276,667 $5,025 3.48%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $1,275,000 $425,000 $10,853 2.58%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $1,220,000 $305,000 $8,261 3.00%
Jasper, AL (FHA|USDA|VA) 7 $1,135,000 $162,143 $6,755 3.20%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $945,000 $315,000 $8,563 2.83%
Cullman, AL (FHA|USDA|VA) 5 $815,000 $163,000 $6,944 3.43%
JACKSONVILLE, FL (FHA|USDA|VA) 5 $795,000 $159,000 $7,276 2.83%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $790,000 $197,500 $6,811 2.88%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $745,000 $248,333 $7,675 3.25%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 5 $735,000 $147,000 $7,503 2.78%
MONTGOMERY, AL (FHA|USDA|VA) 3 $705,000 $235,000 $7,159 3.46%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $675,000 $675,000 $14,963 2.88%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $590,000 $295,000 $7,160 2.69%
TULSA, OK (FHA|USDA|VA) 2 $570,000 $285,000 $14,690 2.75%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $565,000 $565,000 $8,841 3.25%
Magnolia, AR (FHA|USDA|VA) 2 $560,000 $280,000 $4,491 2.13%
SAVANNAH, GA (FHA|USDA|VA) 3 $555,000 $185,000 $8,186 3.29%
GAINESVILLE, FL (FHA|USDA|VA) 4 $550,000 $137,500 $7,104 3.44%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $545,000 $545,000 $12,153 2.13%
Talladega-Sylacauga, AL (FHA|USDA|VA) 3 $535,000 $178,333 $7,647 3.21%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $525,000 $525,000 $7,930 2.25%
LAFAYETTE, LA (FHA|USDA|VA) 3 $515,000 $171,667 $11,527 3.38%
Lake City, FL (FHA|USDA|VA) 3 $425,000 $141,667 $8,165 3.21%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $420,000 $210,000 $5,010 2.75%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $405,000 $405,000 $19,887 3.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $405,000 $405,000 $7,835 2.25%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $395,000 $395,000 $4,398 2.63%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $385,000 $385,000 $2,013 2.38%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 2 $380,000 $190,000 $11,047 3.13%
Albertville, AL (FHA|USDA|VA) 1 $365,000 $365,000 $3,241 2.88%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $360,000 $180,000 $9,824 2.75%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 3 $355,000 $118,333 $3,621 4.04%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $350,000 $175,000 $4,657 3.44%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $345,000 $345,000 $6,244 3.13%
THE VILLAGES, FL (FHA|USDA|VA) 2 $340,000 $170,000 $5,045 2.38%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $320,000 $160,000 $8,865 3.38%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $315,000 $315,000 $7,444 3.50%
Shelbyville, TN (FHA|USDA|VA) 1 $315,000 $315,000 $12,535 2.88%
Gaffney, SC (FHA|USDA|VA) 1 $265,000 $265,000 $5,475 3.00%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $265,000 $265,000 $4,847 3.00%
Meridian, MS (FHA|USDA|VA) 2 $260,000 $130,000 $7,235 3.06%
Sevierville, TN (FHA|USDA|VA) 1 $245,000 $245,000 $11,730 2.88%
JACKSON, MS (FHA|USDA|VA) 1 $245,000 $245,000 $11,713 3.13%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $235,000 $235,000 $3,916 2.88%
Okeechobee, FL (FHA|USDA|VA) 1 $225,000 $225,000 $6,054 3.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $195,000 $195,000 $7,312 3.25%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $195,000 $195,000 $9,231 2.88%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $195,000 $195,000 $5,001 2.38%
WILMINGTON, NC (FHA|USDA|VA) 1 $195,000 $195,000 $2,966 2.88%
Jennings, LA (FHA|USDA|VA) 1 $175,000 $175,000 $5,129 3.38%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $175,000 $175,000 $8,457 2.38%
Opelousas, LA (FHA|USDA|VA) 1 $165,000 $165,000 $9,575 3.13%
Vidalia, GA (FHA|USDA|VA) 1 $165,000 $165,000 $10,731 2.88%
MORRISTOWN, TN (FHA|USDA|VA) 1 $165,000 $165,000 $8,872 2.63%
GADSDEN, AL (FHA|USDA|VA) 1 $165,000 $165,000 $7,486 3.88%
Marion, NC (FHA|USDA|VA) 1 $145,000 $145,000 $2,653 4.38%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $145,000 $145,000 $10,263 3.13%
Boone, NC (FHA|USDA|VA) 1 $145,000 $145,000 $5,892 3.50%
OWENSBORO, KY (FHA|USDA|VA) 1 $145,000 $145,000 $9,270 3.38%
Ardmore, OK (FHA|USDA|VA) 1 $145,000 $145,000 $7,197 2.38%
Fort Payne, AL (FHA|USDA|VA) 1 $125,000 $125,000 $4,225 2.88%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $125,000 $125,000 $3,094 3.50%
Ruston, LA (FHA|USDA|VA) 1 $125,000 $125,000 $7,848 2.88%
DOTHAN, AL (FHA|USDA|VA) 1 $115,000 $115,000 $6,601 4.00%
LaGrange, GA-AL (FHA|USDA|VA) 1 $105,000 $105,000 $7,160 2.88%
Searcy, AR (FHA|USDA|VA) 1 $105,000 $105,000 $842 6.25%
Richmond-Berea, KY (FHA|USDA|VA) 1 $105,000 $105,000 $4,430 1.88%
Cullowhee, NC (FHA|USDA|VA) 1 $95,000 $95,000 $5,521 2.88%
Morgan City, LA (FHA|USDA|VA) 1 $85,000 $85,000 $5,432 3.13%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $85,000 $85,000 $3,912 5.75%
Corinth, MS (FHA|USDA|VA) 1 $85,000 $85,000 $5,439 3.38%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $75,000 $75,000 $4,611 2.63%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $75,000 $75,000 $4,088 3.63%
LAWRENCE, KS (FHA|USDA|VA) 1 $65,000 $65,000 $3,482 3.88%
Atmore, AL (FHA|USDA|VA) 1 $55,000 $55,000 $2,633 2.25%
El Dorado, AR (FHA|USDA|VA) 1 $55,000 $55,000 $822 5.75%

Cis Financial Services 's top markets include Florence, Tupelo, Hickory, Nashville, and Lakeland among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 288 $57,250,000 $198,785 $5,189 2.93%
FHA 178 $29,490,000 $165,674 $8,036 3.34%
USDA 27 $4,205,000 $155,741 $6,496 2.97%
VA 25 $7,065,000 $282,600 $7,491 2.91%

For the 2021 period, Cis Financial Services 's most frequently originated loan type of loans were Conventional, with 288 originations. Their 2nd most popular type is FHA, with 178 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 309 $57,105,000 $184,806 $6,929 3.22%
Refi 148 $28,730,000 $194,122 $5,212 2.80%
Cash Out Refi 60 $12,090,000 $201,500 $6,152 3.02%
Home Improvement 1 $85,000 $85,000 $5,950 3.88%

For the 2021, Cis Financial Services 's most frequently cited loan purpose of loans were Home Purchase, with 309 originations. The 2nd most popular reason of loans were Refi, with 148 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 410 $80,640,000 $196,683 $6,798 3.15%
15 Year 68 $11,880,000 $174,706 $5,078 2.39%
20 Year 19 $3,345,000 $176,053 $4,176 3.25%
10 Year 14 $1,450,000 $103,571 $4,446 2.25%
Other 7 $695,000 $99,286 $2,115 6.29%

For the 2021, Cis Financial Services 's most frequently cited loan length of loans were 30 Year, with 410 originations. The 2nd most popular length of loans were 15 Year, with 68 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$2k-3k 191 $27,945,000 $146,309
$3k-4k 172 $37,390,000 $217,384
$1k-2k 79 $9,275,000 $117,405
$5k+ 44 $17,680,000 $401,818
$<1k 32 $5,720,000 $178,750

$6,798 of loans were Cis Financial Services 's average total fees, while their most frequently occuring range of origination fees were in the $2k-3k bucket, with 191 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 194 $37,040,000 $190,928
3-4% 171 $30,745,000 $179,795
<2.5% 117 $25,445,000 $217,479
4-5% 26 $3,910,000 $150,385
5-6% 6 $410,000 $68,333
7-8% 3 $355,000 $118,333
6-7% 1 $105,000 $105,000

During 2021, Cis Financial Services 's average interest rate of loans were 3.15%, while their most frequently originated rate bucket of loans were 2.5-3%, with 194 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 260 $39,550,000 $152,115 $6,041 3.08%
$200k-400k 138 $37,790,000 $273,841 $7,638 2.88%
$100,000 or less 94 $7,090,000 $75,426 $4,284 3.42%
$400k-600k 23 $11,155,000 $485,000 $9,664 2.68%
$600k-1MM 3 $2,425,000 $808,333 $13,491 3.71%

2021 saw Cis Financial Services place emphasis on $100k-200k loans with 260 originations, totaling $39,550,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 181 $24,975,000 $137,983 $5,801 3.24%
$50k-75k 140 $23,650,000 $168,929 $6,309 3.11%
$100k-150k 81 $19,995,000 $246,852 $6,739 2.79%
$75k-100k 75 $15,115,000 $201,533 $6,808 3.10%
$150k-250k 26 $9,410,000 $361,923 $7,169 2.63%
$250k+ 11 $4,265,000 $387,727 $7,784 2.82%

Cis Financial Services lent most frequently to those with incomes in the $50k or less range, with 181 originations. The second most popular income band? $50k-75k, with 140 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 118 $22,180,000 $187,966 $5,532 2.98%
30-36% 98 $16,870,000 $172,143 $5,941 3.10%
<20% 39 $6,505,000 $166,795 $5,272 2.97%
50-60% 32 $5,990,000 $187,188 $8,954 3.27%
39% 22 $4,660,000 $211,818 $6,927 3.35%
43% 18 $3,730,000 $207,222 $6,627 3.09%
44% 18 $3,190,000 $177,222 $6,554 3.22%
36% 18 $2,900,000 $161,111 $6,335 2.95%
46% 18 $3,850,000 $213,889 $7,243 2.98%
40% 17 $3,845,000 $226,176 $6,625 3.22%
41% 16 $2,870,000 $179,375 $6,007 2.88%
47% 16 $4,050,000 $253,125 $8,422 3.06%
42% 15 $2,655,000 $177,000 $6,514 3.38%
45% 15 $3,025,000 $201,667 $7,384 3.17%
38% 13 $2,085,000 $160,385 $6,384 3.16%
48% 13 $2,495,000 $191,923 $7,298 3.24%
49% 12 $2,750,000 $229,167 $7,071 2.85%
37% 9 $1,425,000 $158,333 $5,836 3.08%
>60% 3 $605,000 $201,667 $4,398 2.67%

Cis Financial Services lent most frequently to those with DTI ratios of 20-30%, with 118 originations. The next most common DTI ratio? 30-36%, with 98 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 425 $78,175,000 $183,941 $6,166 3.03%
Black 47 $9,435,000 $200,745 $6,554 3.53%
Not provided 34 $6,530,000 $192,059 $6,997 3.11%
Asian 7 $2,795,000 $399,286 $11,447 2.98%
American Indian 3 $525,000 $175,000 $8,187 2.54%
1 $355,000 $355,000 $9,095 3.38%
Asian Indian 1 $195,000 $195,000 $6,590 2.00%

Approval Rates

Total approvals of all applications
61.27%

Cis Financial Services has a low approval rate. They may have poor market targeting or stringent lending standards.

Pick Rate

Approvals leading to origination
23.03%

Cis Financial Services has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 518 $98,010,000 $189,208

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
518 $98,010,000 $189,208

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 15 $2,295,000 $153,000 $4,291 2.57%
40-60% 35 $7,725,000 $220,714 $5,185 2.97%
60-80% 151 $27,575,000 $182,616 $5,456 2.93%
80-100% 311 $58,885,000 $189,341 $6,911 3.19%
Over 100% 5 $1,445,000 $289,000 $13,274 2.95%
Under 20% 1 $85,000 $85,000 $3,792 2.13%