Cis Financial Services Mortgage Rates, Fees & Info
HAMILTON, ALLEI: 549300OSY236S7MBKO83
Tax ID: 63-1052225
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Mortgage Data
Review & Overview
Cis Financial Services is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Cis Financial Services has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Decatur, Florence, Huntsville, Dallas, and Shreveport among others. We have data for 100 markets. (Some data included below & more in-depth data is available with an active subscription.)Cis Financial Services has an 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 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 | 7.23% | 4/14/24 |
| 30 Year Conventional Refi | 6.92% | 4/14/24 |
| 30 Year Cash-out Refi | 6.77% | 4/14/24 |
| 30 Year FHA Purchase | 7.87% | 4/14/24 |
| 30 Year FHA Refi | 7.80% | 4/14/24 |
| 30 Year VA Purchase | 5.60% | 4/14/24 |
| 30 Year VA Refi | 6.86% | 4/14/24 |
| 30 Year USDA Purchase | 7.18% | 4/14/24 |
| 15 Year Conventional Purchase | 7.18% | 4/14/24 |
| 15 Year Conventional Refi | 6.58% | 4/14/24 |
| 15 Year Cash-out Refi | 6.58% | 4/14/24 |
| 15 Year VA Purchase | 5.68% | 4/14/24 |
| 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. | ||
Cis Financial Services Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
733Origination Dollar Volume (All Markets)
$141,005,000Awards
CIS Financial Services - 2020
CIS Financial Services is a 2020 , due to their low .
For 2020, 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 319 | $59,405,000 | $186,223 | $5,544 | 2.80% |
| DECATUR, AL (FHA|USDA|VA) | 66 | $12,400,000 | $187,879 | $4,897 | 2.99% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 58 | $10,030,000 | $172,931 | $4,656 | 2.91% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 35 | $6,885,000 | $196,714 | $6,409 | 2.99% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 20 | $5,060,000 | $253,000 | $6,398 | 2.91% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 15 | $3,795,000 | $253,000 | $6,516 | 2.79% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 15 | $2,725,000 | $181,667 | $6,473 | 3.16% |
| Cullman, AL (FHA|USDA|VA) | 12 | $2,240,000 | $186,667 | $5,470 | 3.16% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 10 | $2,110,000 | $211,000 | $6,183 | 2.59% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 10 | $2,030,000 | $203,000 | $9,549 | 3.53% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 10 | $1,650,000 | $165,000 | $7,583 | 3.75% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $1,530,000 | $382,500 | $5,058 | 2.54% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 7 | $1,525,000 | $217,857 | $8,449 | 3.21% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 7 | $1,335,000 | $190,714 | $5,691 | 3.05% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $1,300,000 | $325,000 | $6,375 | 2.94% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $7,733 | 3.03% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $8,519 | 3.53% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $8,084 | 2.75% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $6,053 | 3.09% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $14,726 | 2.75% |
| Jasper, AL (FHA|USDA|VA) | 7 | $705,000 | $100,714 | $4,934 | 3.09% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $3,292 | 3.17% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $9,278 | 3.69% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $12,878 | 3.13% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 2.88% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $9,286 | 3.46% |
| Albertville, AL (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $6,785 | 3.75% |
| Opelousas, LA (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $8,734 | 3.53% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $5,101 | 2.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $6,994 | 2.63% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $9,802 | 2.38% |
| HATTIESBURG, MS (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $9,847 | 3.63% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,258 | 2.88% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,796 | 2.88% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $5,696 | 2.81% |
| EL CENTRO, CA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $5,417 | 3.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $6,347 | 2.88% |
| LAFAYETTE, LA (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $9,203 | 3.13% |
| MONROE, LA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $10,612 | 3.13% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $13,269 | 2.88% |
| Statesboro, GA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $9,797 | 4.13% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $12,748 | 2.88% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $12,177 | 3.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $9,309 | 3.50% |
| BATON ROUGE, LA (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $6,059 | 3.38% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $7,891 | 4.88% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,943 | 3.75% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,492 | 2.88% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,453 | 2.88% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,324 | 2.88% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 2.88% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $14,330 | 2.88% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $8,229 | 4.56% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,347 | 2.88% |
| Centralia, IL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $7,563 | 4.31% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $11,474 | 2.88% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,485 | 2.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $4,871 | 4.25% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,675 | 2.38% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,014 | 3.00% |
| GADSDEN, AL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $6,894 | 3.50% |
| Dublin, GA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $5,761 | 3.13% |
| LaGrange, GA-AL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $6,749 | 3.50% |
| Selinsgrove, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,046 | 2.88% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,142 | 2.88% |
| Morgan City, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,317 | 3.63% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,784 | 2.63% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,896 | 3.63% |
| Searcy, AR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,339 | 2.25% |
| Lake City, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,553 | 3.63% |
| FLINT, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $918 | 2.88% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,618 | 3.38% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 2.25% |
| JACKSON, TN (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $4,858 | 2.81% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,425 | 3.13% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $11,010 | 2.88% |
| McComb, MS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,135 | 4.13% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,517 | 4.50% |
| Jesup, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 2.88% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,081 | 2.88% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,626 | 2.38% |
| Central City, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $10,636 | 3.13% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,437 | 2.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,212 | 5.13% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,888 | 2.88% |
| Waycross, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $10,004 | 4.63% |
| Picayune, MS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.63% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $9,154 | 4.63% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,383 | 3.63% |
| Fort Polk South, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $8,491 | 3.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,409 | 4.13% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,409 | 5.13% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,259 | 3.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,826 | 2.88% |
| Cordele, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,894 | 3.63% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,864 | 2.50% |
| Troy, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,045 | 3.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,198 | 2.63% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,428 | 3.38% |
Similar Lenders
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Product Mix
For 2020, Cis Financial Services's most frequently originated type of loan was Conventional, with 400 originations. Their 2nd most popular type was FHA, with 255 originations.
Loan Reason
For 2020, Cis Financial Services's most frequently cited loan purpose was Home Purchase, with 348 originations. The 2nd most popular reason was Refi, with 250 originations.
Loan Duration/Length
For 2020, Cis Financial Services's most frequently cited loan duration was 30 Year, with 504 originations. The 2nd most popular length was Other, with 98 originations.
Origination Fees/Closing Costs
Cis Financial Services's average total fees were $6,352, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 224 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 316 | $63,230,000 | $200,095 |
| <2.5% | 195 | $41,995,000 | $215,359 |
| 3-4% | 162 | $26,600,000 | $164,198 |
| 4-5% | 49 | $6,735,000 | $137,449 |
| 5-6% | 6 | $890,000 | $148,333 |
During 2020, Cis Financial Services's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 2.5-3%, with 316 originations.
Loan Sizing
2020 saw Cis Financial Services place emphasis on $100k-200k loans with 365 originations, totaling $53,235,000 in origination value.
Applicant Income
Cis Financial Services lent most frequently to those with incomes in the $50k or less range, with 205 originations. The second most popular income band? $50k-75k, with 157 originations.
Applicant Debt to Income Ratio
Cis Financial Services lent most frequently to those with DTI ratios of 20-30%, with 162 originations. The next most common DTI ratio? 30-36%, with 142 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.96%
Cis Financial Services has a below average approval rate.
Pick Rate
Approvals leading to origination9.14%
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 |
|---|---|---|---|
| 0.0 | 1 | $325,000 | $325,000 |
| NA | 732 | $140,680,000 | $192,186 |