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

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

Jump to:

Mortgage Data

  • SimulatedRates™
  • Review & 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 a low ratio of USDA loans. Their top markets by origination volume include: Florence, Tupelo, Hickory, Nashville, and Lakeland among others. We have data for 90 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Cis Financial Services has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Cis Financial Services is typically a high 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 7.12% 12/4/22
    30 Year Conventional Refi 6.79% 12/4/22
    30 Year Cash-out Refi 7.08% 12/4/22
    30 Year FHA Purchase 8.11% 12/4/22
    30 Year FHA Refi 7.75% 12/4/22
    30 Year VA Purchase 6.64% 12/4/22
    30 Year VA Refi 6.85% 12/4/22
    30 Year USDA Purchase 7.27% 12/4/22
    15 Year Conventional Purchase 6.18% 12/4/22
    15 Year Conventional Refi 6.19% 12/4/22
    15 Year Cash-out Refi 6.19% 12/4/22
    15 Year FHA Purchase 6.91% 12/4/22
    15 Year FHA Refi 5.76% 12/4/22
    15 Year VA Refi 5.35% 12/4/22
    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.


    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 mortgage rate was 3.15%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0%.

    Relative Fees (Closing Costs)

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

    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 $4,750.

    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
    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.

    Their top states include:
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Similar Lenders

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

    Florence Federal Credit Union
    Similarity Rank: 43
    TVA Community Credit Union
    Similarity Rank: 171
    BankPlus
    Similarity Rank: 280
    Peoples Bank
    Similarity Rank: 300
    Suncoast Credit Union
    Similarity Rank: 429
    TrustCo Bank
    Similarity Rank: 532
    Telco Community Credit Union
    Similarity Rank: 584
    Listerhill Credit Union
    Similarity Rank: 640
    Liberty Mortgage Corporation
    Similarity Rank: 675
    Jefferson Credit Union
    Similarity Rank: 900

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Cis Financial Services's most frequently originated type of loan was Conventional, with 288 originations. Their 2nd most popular type was FHA, with 178 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Cis Financial Services's most frequently cited loan purpose was Home Purchase, with 309 originations. The 2nd most popular reason was 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 2021, Cis Financial Services's most frequently cited loan duration was 30 Year, with 410 originations. The 2nd most popular length was 15 Year, with 68 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 191 $27,945,000 $146,309
    $3k-4k 122 $24,630,000 $201,885
    $1k-2k 79 $9,275,000 $117,405
    $4k-5k 50 $12,760,000 $255,200
    $5k+ 44 $17,680,000 $401,818
    $<1k 32 $5,720,000 $178,750

    Cis Financial Services's average total fees were $6,798, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.15%, while their most frequently originated rate bucket for loans was 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
    55.87%

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

    Pick Rate

    Approvals leading to origination
    24.71%

    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%