Citizens State Bank Of New Castle Mortgage Rates, Fees & Info
New Castle, INLEI: 549300QX5KH5JXXMYU41
Tax ID: 35-0227920
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Mortgage Data
Review & Overview
Citizens State Bank Of New Castle is a smaller bank specializing in Home Purchase and Refi loans. Citizens State Bank Of New Castle has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, New Castle, Muncie, Connersville, and North Port among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Citizens State Bank Of New Castle 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. Citizens State Bank Of New Castle is typically a low 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 relatively high 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 | 7.03% | 4/5/25 |
| 30 Year Conventional Refi | 7.42% | 4/5/25 |
| 30 Year USDA Purchase | 6.72% | 4/5/25 |
| 15 Year Conventional Purchase | 7.09% | 4/5/25 |
| 15 Year Conventional Refi | 7.92% | 4/5/25 |
| 15 Year Cash-out Refi | 7.92% | 4/5/25 |
| 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. | ||
Citizens State Bank Of New Castle Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
100Origination Dollar Volume (All Markets)
$13,180,000Awards
Citizens State Bank of New Castle - 2024
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For 2024, less than of lenders were eligible for this award.
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Relative Rate
Citizens State Bank Of New Castle's average 30 year fixed mortgage rate was
7.4%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.85%.
Relative Fees (Closing Costs)
Citizens State Bank Of New Castle's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,207.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 20 | $4,580,000 | $229,000 | $1,348 | 8.28% |
| New Castle, IN (FHA|USDA|VA) | 32 | $3,520,000 | $110,000 | $1,833 | 7.71% |
| Outside of Metro Areas | 33 | $1,875,000 | $56,818 | $1,490 | 8.20% |
| MUNCIE, IN (FHA|USDA|VA) | 6 | $1,090,000 | $181,667 | $1,057 | 7.23% |
| Connersville, IN (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $3,048 | 6.81% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $5,954 | 6.88% |
| Greenville, OH (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,908 | 7.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,878 | 7.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,544 | 7.13% |
| Richmond, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,317 | 9.88% |
| Marion, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,669 | 7.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against Citizens State Bank of New Castle based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 100 | $13,180,000 | $131,800 | $1,730 | 7.92% |
For 2024, Citizens State Bank Of New Castle's most frequently originated type of loan was Conventional, with 100 originations.
Loan Reason
For 2024, Citizens State Bank Of New Castle's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Refi, with 34 originations.
Loan Duration/Length
For 2024, Citizens State Bank Of New Castle's most frequently cited loan duration was 30 Year, with 40 originations. The 2nd most popular length was 15 Year, with 25 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 90 | $10,450,000 | $116,111 |
Citizens State Bank Of New Castle's average total fees were $2,207, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 90 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 35 | $6,585,000 | $188,143 |
| 7-8% | 34 | $4,550,000 | $133,824 |
| Over 8% | 31 | $2,045,000 | $65,968 |
During 2024, Citizens State Bank Of New Castle's average interest rate for loans was 7.40%, while their most frequently originated rate bucket for loans was 6-7%, with 35 originations.
Loan Sizing
2024 saw Citizens State Bank Of New Castle place emphasis on $100,000 or less loans with 58 originations, totaling $2,760,000 in origination value.
Applicant Income
Citizens State Bank Of New Castle lent most frequently to those with incomes in the $50k-75k range, with 27 originations. The second most popular income band? $50k or less, with 21 originations.
Applicant Debt to Income Ratio
Citizens State Bank Of New Castle lent most frequently to those with DTI ratios of 20-30%, with 25 originations. The next most common DTI ratio? 30-36%, with 22 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 96 | $11,550,000 | $120,313 | $1,730 | 7.94% |
| Not applicable | 4 | $1,630,000 | $407,500 | $0 | 7.61% |
Approval Rates
Total approvals of all applications80.98%
Citizens State Bank Of New Castle has a below average approval rate.
Pick Rate
Approvals leading to origination68.00%
Citizens State Bank Of New Castle 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 | 100 | $13,180,000 | $131,800 |