Citizens And Farmers Bank Mortgage Rates, Fees & Info

West Point, VA

LEI: 549300QBMI3P6JWI9Q86

Tax ID: 54-0169510

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Mortgage Data

Review & Overview

Citizens And Farmers Bank is a smaller bank specializing in Home Purchase loans. Citizens And Farmers Bank has a high proportion of conventional loans. Their top markets by origination volume include: Richmond, Charlottesville, Virginia Beach, Washington, and Lynchburg among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Citizens And Farmers Bank 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.

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Originations

472

Origination Dollar Volume (All Markets)

$78,600,000

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
RICHMOND, VA (FHA|USDA|VA) 323 $43,235,000 $133,854 $0 0.00%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 9 $13,435,000 $1,492,778 $0 0.00%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 57 $11,705,000 $205,351 $0 0.00%
Outside of Metro Areas 68 $7,220,000 $106,176 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 10 $1,580,000 $158,000 $0 0.00%
LYNCHBURG, VA (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
NEW BERN, NC (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
HARRISONBURG, VA (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
STAUNTON, VA (FHA|USDA|VA) 2 $160,000 $80,000 $0 0.00%
Citizens And Farmers Bank's top markets include Richmond, Charlottesville, Virginia Beach, Washington, and Lynchburg among others.

Their top states include:
  • Virginia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 472 $78,600,000 $166,525 $0 0.00%

    For 2023, Citizens And Farmers Bank's most frequently originated type of loan was Conventional, with 472 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 150 $12,600,000 $84,000 $0 0.00%
    Home Improvement 149 $12,505,000 $83,926 $0 0.00%
    Refi 108 $13,790,000 $127,685 $0 0.00%
    Home Purchase 65 $39,705,000 $610,846 $0 0.00%

    For 2023, Citizens And Farmers Bank's most frequently cited loan purpose was Other, with 150 originations. The 2nd most popular reason was Home Improvement, with 149 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 472 $78,600,000 $166,525 $0 0.00%

    For 2023, Citizens And Farmers Bank's most frequently cited loan duration was Other, with 472 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 267 $13,995,000 $52,416 $0 0.00%
    $100k-200k 112 $14,160,000 $126,429 $0 0.00%
    $200k-400k 73 $18,105,000 $248,014 $0 0.00%
    $400k-600k 10 $4,870,000 $487,000 $0 0.00%
    $1MM+ 7 $25,465,000 $3,637,857 $0 0.00%
    $600k-1MM 3 $2,005,000 $668,333 $0 0.00%

    2023 saw Citizens And Farmers Bank place emphasis on $100,000 or less loans with 267 originations, totaling $13,995,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 107 $10,995,000 $102,757 $0 0.00%
    $150k-250k 86 $13,780,000 $160,233 $0 0.00%
    $75k-100k 80 $6,170,000 $77,125 $0 0.00%
    $50k-75k 75 $5,725,000 $76,333 $0 0.00%
    $250k+ 45 $7,905,000 $175,667 $0 0.00%
    $50k or less 39 $2,675,000 $68,590 $0 0.00%

    Citizens And Farmers Bank lent most frequently to those with incomes in the $100k-150k range, with 107 originations. The second most popular income band? $150k-250k, with 86 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 472 $78,600,000 $166,525 $0 0.00%

    Citizens And Farmers Bank lent most frequently to those with DTI ratios of Exempt%, with 472 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 341 $38,685,000 $113,446 $0 0.00%
    Not applicable 29 $30,535,000 $1,052,931 $0 0.00%
    Not provided 72 $7,320,000 $101,667 $0 0.00%
    Black 19 $1,065,000 $56,053 $0 0.00%
    Asian 5 $725,000 $145,000 $0 0.00%
    Asian Indian 1 $115,000 $115,000 $0 0.00%
    American Indian 3 $105,000 $35,000 $0 0.00%
    Other Pacific Islander 1 $25,000 $25,000 $0 0.00%
    Chinese 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    73.16%

    Citizens And Farmers Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    87.08%

    Citizens And Farmers Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 472 $78,600,000 $166,525

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    472 $78,600,000 $166,525