Citizens State Bank Of New Castle Mortgage Rates, Fees & Info
New Castle, INLEI: 549300QX5KH5JXXMYU41
Tax ID: 35-0227920
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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, Warsaw, and Peoria among others. We have data for 14 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
102Origination Dollar Volume (All Markets)
$14,500,000Awards
Citizens State Bank of New Castle - 2023
Citizens State Bank of New Castle is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
Work for Citizens State Bank of New Castle?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Citizens State Bank Of New Castle's average 30 year fixed mortgage rate was
7.54%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 1.06%.
Relative Fees (Closing Costs)
Citizens State Bank Of New Castle's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,296.
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 $9,089.
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) | 16 | $5,920,000 | $370,000 | $2,176 | 7.52% |
| New Castle, IN (FHA|USDA|VA) | 35 | $3,705,000 | $105,857 | $1,707 | 7.88% |
| Outside of Metro Areas | 33 | $2,585,000 | $78,333 | $1,603 | 8.31% |
| MUNCIE, IN (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $1,687 | 7.47% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,062 | 6.38% |
| PEORIA, IL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 7.43% |
| Greenville, OH (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $546 | 7.88% |
| Connersville, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,884 | 7.38% |
| Bluffton, IN (FHA|USDA|VA) | 4 | $140,000 | $35,000 | $1,123 | 8.38% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,274 | 5.00% |
| Marion, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,522 | 7.50% |
| Decatur, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,191 | 9.88% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $733 | 10.63% |
| Richmond, IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $835 | 10.50% |
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.
Similarity Rank: 112
Similarity Rank: 460
Similarity Rank: 581
Similarity Rank: 651
Similarity Rank: 1020
Similarity Rank: 1064
Similarity Rank: 1134
Similarity Rank: 1287
Similarity Rank: 1472
Similarity Rank: 1500
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 102 | $14,500,000 | $142,157 | $1,666 | 7.98% |
For 2023, Citizens State Bank Of New Castle's most frequently originated type of loan was Conventional, with 102 originations.
Loan Reason
For 2023, Citizens State Bank Of New Castle's most frequently cited loan purpose was Home Purchase, with 38 originations. The 2nd most popular reason was Refi, with 34 originations.
Loan Duration/Length
For 2023, Citizens State Bank Of New Castle's most frequently cited loan duration was 30 Year, with 39 originations. The 2nd most popular length was 10 Year, with 19 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 88 | $11,590,000 | $131,705 |
Citizens State Bank Of New Castle's average total fees were $2,296, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 88 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 39 | $6,725,000 | $172,436 |
| Over 8% | 39 | $2,045,000 | $52,436 |
| 6-7% | 22 | $5,350,000 | $243,182 |
| 3-4% | 1 | $295,000 | $295,000 |
| 4-5% | 1 | $85,000 | $85,000 |
During 2023, Citizens State Bank Of New Castle's average interest rate for loans was 7.54%, while their most frequently originated rate bucket for loans was 7-8%, with 39 originations.
Loan Sizing
2023 saw Citizens State Bank Of New Castle place emphasis on $100,000 or less loans with 64 originations, totaling $2,890,000 in origination value.
Applicant Income
Citizens State Bank Of New Castle lent most frequently to those with incomes in the $50k or less range, with 31 originations. The second most popular income band? $50k-75k, with 20 originations.
Applicant Debt to Income Ratio
Citizens State Bank Of New Castle lent most frequently to those with DTI ratios of 20-30%, with 33 originations. The next most common DTI ratio? 30-36%, with 22 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.61%
Citizens State Bank Of New Castle has a below average approval rate.
Pick Rate
Approvals leading to origination72.55%
Citizens State Bank Of New Castle has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 102 | $14,500,000 | $142,157 |