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 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 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% | 9/1/24 |
| 30 Year Conventional Refi | 6.92% | 9/1/24 |
| 30 Year Cash-out Refi | 6.77% | 9/1/24 |
| 30 Year FHA Purchase | 7.87% | 9/1/24 |
| 30 Year FHA Refi | 7.80% | 9/1/24 |
| 30 Year VA Purchase | 5.60% | 9/1/24 |
| 30 Year VA Refi | 6.86% | 9/1/24 |
| 30 Year USDA Purchase | 7.18% | 9/1/24 |
| 15 Year Conventional Purchase | 7.18% | 9/1/24 |
| 15 Year Conventional Refi | 6.58% | 9/1/24 |
| 15 Year Cash-out Refi | 6.58% | 9/1/24 |
| 15 Year VA Purchase | 5.68% | 9/1/24 |
| 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
518Origination Dollar Volume (All Markets)
$98,010,000Awards
CIS Financial Services - 2021
CIS Financial Services is a 2021 , due to their low .
For 2021, 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 | 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% |
Similar Lenders
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Product Mix
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
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
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
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
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
2021 saw Cis Financial Services place emphasis on $100k-200k loans with 260 originations, totaling $39,550,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications55.87%
Cis Financial Services has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination24.71%
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 |