Ciera Bank Mortgage Rates, Fees & Info

Graham, TX

LEI: 549300QQT0E10LWS3326

Tax ID: 75-0297800

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Mortgage Data

Review & Overview

Ciera Bank is a smaller bank specializing in Home Purchase loans. Ciera Bank has a high proportion of conventional loans. Their top markets by origination volume include: Stephenville, Dallas, Mineral Wells, Gainesville, and Sherman among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Ciera 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

34

Origination Dollar Volume (All Markets)

$15,060,000

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
Stephenville, TX (FHA|USDA|VA) 1 $7,245,000 $7,245,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 12 $3,190,000 $265,833 $0 0.00%
Outside of Metro Areas 17 $2,735,000 $160,882 $0 0.00%
Mineral Wells, TX (FHA|USDA|VA) 2 $1,330,000 $665,000 $0 0.00%
Gainesville, TX (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
Ciera Bank's top markets include Stephenville, Dallas, Mineral Wells, Gainesville, and Sherman among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 34 $15,060,000 $442,941 $0 0.00%

    For 2023, Ciera Bank's most frequently originated type of loan was Conventional, with 34 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 17 $12,965,000 $762,647 $0 0.00%
    Home Improvement 7 $995,000 $142,143 $0 0.00%
    Other 6 $530,000 $88,333 $0 0.00%
    Refi 4 $570,000 $142,500 $0 0.00%

    For 2023, Ciera Bank's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Home Improvement, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 34 $15,060,000 $442,941 $0 0.00%

    For 2023, Ciera Bank's most frequently cited loan duration was Other, with 34 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 14 $830,000 $59,286 $0 0.00%
    $200k-400k 8 $2,230,000 $278,750 $0 0.00%
    $100k-200k 5 $675,000 $135,000 $0 0.00%
    $400k-600k 3 $1,515,000 $505,000 $0 0.00%
    $600k-1MM 3 $2,565,000 $855,000 $0 0.00%
    $1MM+ 1 $7,245,000 $7,245,000 $0 0.00%

    2023 saw Ciera Bank place emphasis on $100,000 or less loans with 14 originations, totaling $830,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 6 $2,940,000 $490,000 $0 0.00%
    $50k-75k 6 $380,000 $63,333 $0 0.00%
    $150k-250k 5 $895,000 $179,000 $0 0.00%
    $100k-150k 4 $440,000 $110,000 $0 0.00%
    $75k-100k 3 $215,000 $71,667 $0 0.00%

    Ciera Bank lent most frequently to those with incomes in the $250k+ range, with 6 originations. The second most popular income band? $50k-75k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 34 $15,060,000 $442,941 $0 0.00%

    Ciera Bank lent most frequently to those with DTI ratios of Exempt%, with 34 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 10 $10,190,000 $1,019,000 $0 0.00%
    White 23 $4,735,000 $205,870 $0 0.00%
    Black 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.48%

    Ciera Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    70.59%

    Ciera Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 34 $15,060,000 $442,941

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    34 $15,060,000 $442,941