Citizens And Farmers Bank Mortgage Rates, Fees & Info
West Point, VALEI: 549300QBMI3P6JWI9Q86
Tax ID: 54-0169510
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Citizens And Farmers Bank is a smaller bank specializing in Refi and Home Purchase loans. Citizens And Farmers Bank has a high proportion of conventional loans. Their top markets by origination volume include: Richmond, Virginia Beach, Washington, Charlottesville, and Kill Devil Hills among others. We have data for 11 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
583Origination Dollar Volume (All Markets)
$147,435,000Top 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) | 372 | $87,320,000 | $234,731 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 77 | $25,105,000 | $326,039 | $0 | 0.00% |
| Outside of Metro Areas | 90 | $15,220,000 | $169,111 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 18 | $12,120,000 | $673,333 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 19 | $4,905,000 | $258,158 | $0 | 0.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $1,275,000 | $1,275,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| ROANOKE, VA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 0.00% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 583 | $147,435,000 | $252,890 | $0 | 0.00% |
For 2022, Citizens And Farmers Bank's most frequently originated type of loan was Conventional, with 583 originations.
Loan Reason
For 2022, Citizens And Farmers Bank's most frequently cited loan purpose was Home Improvement, with 165 originations. The 2nd most popular reason was Refi, with 163 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 583 | $147,435,000 | $252,890 | $0 | 0.00% |
For 2022, Citizens And Farmers Bank's most frequently cited loan duration was Other, with 583 originations.
Loan Sizing
2022 saw Citizens And Farmers Bank place emphasis on $100,000 or less loans with 273 originations, totaling $14,245,000 in origination value.
Applicant Income
Citizens And Farmers Bank lent most frequently to those with incomes in the $50k-75k range, with 100 originations. The second most popular income band? $100k-150k, with 94 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 583 | $147,435,000 | $252,890 | $0 | 0.00% |
Citizens And Farmers Bank lent most frequently to those with DTI ratios of Exempt%, with 583 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.23%
Citizens And Farmers Bank has a below average approval rate.
Pick Rate
Approvals leading to origination83.88%
Citizens And Farmers Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 583 | $147,435,000 | $252,890 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CITIZENS FINANCIAL GROUP, INC. | Conventional home mortgage | Closing on a mortgage | 1 | 10.0% |
| CITIZENS FINANCIAL GROUP, INC. | Conventional home mortgage | Struggling to pay mortgage | 3 | 30.0% |
| CITIZENS FINANCIAL GROUP, INC. | Conventional home mortgage | Trouble during payment process | 4 | 40.0% |
| CITIZENS FINANCIAL GROUP, INC. | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 10.0% |
| CITIZENS FINANCIAL GROUP, INC. | VA mortgage | Trouble during payment process | 1 | 10.0% |