Citizens Tri-county Bank Mortgage Rates, Fees & Info

Dunlap, TN

LEI: 549300RUFHC5ZQDL8J10

Tax ID: 62-0875633

5 stars - Updated: 11/17/24 - out of 5 stars, based on 23 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Citizens Tri-county Bank is a smaller bank specializing in Home Purchase loans. Citizens Tri-county Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Chattanooga, Tullahoma, Mcminnville, Nashville, and Dayton among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens Tri-county 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. Citizens Tri-county Bank is typically an average 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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.54% 11/17/24
    30 Year Conventional Refi 6.50% 11/17/24
    30 Year Cash-out Refi 6.82% 11/17/24
    30 Year FHA Purchase 6.27% 11/17/24
    30 Year VA Purchase 6.02% 11/17/24
    30 Year USDA Purchase 6.68% 11/17/24
    15 Year Conventional Purchase 7.72% 11/17/24
    15 Year Conventional Refi 7.71% 11/17/24
    15 Year Cash-out Refi 7.71% 11/17/24
    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 Tri-county Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Citizens Tri-county Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    548

    Origination Dollar Volume (All Markets)

    $99,370,000

    Awards

    Citizens Tri-County Bank 30 Year Conventional Loans silver
    Show all (1) awards

    Relative Rate

    Citizens Tri-county Bank's average 30 year fixed mortgage rate was 6.79%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of 0.31%.

    Relative Fees (Closing Costs)

    Citizens Tri-county Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $5,317.

    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
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 205 $42,975,000 $209,634 $2,554 8.16%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 112 $21,980,000 $196,250 $3,262 8.62%
    Outside of Metro Areas 151 $17,405,000 $115,265 $1,793 9.32%
    McMinnville, TN (FHA|USDA|VA) 39 $5,705,000 $146,282 $2,523 9.39%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 10 $5,660,000 $566,000 $4,404 8.69%
    Dayton, TN (FHA|USDA|VA) 9 $1,805,000 $200,556 $3,231 7.61%
    Scottsboro, AL (FHA|USDA|VA) 6 $1,070,000 $178,333 $1,241 10.43%
    Shelbyville, TN (FHA|USDA|VA) 3 $725,000 $241,667 $4,195 6.48%
    Crossville, TN (FHA|USDA|VA) 6 $660,000 $110,000 $2,080 10.43%
    Cookeville, TN (FHA|USDA|VA) 2 $510,000 $255,000 $2,084 8.10%
    DALTON, GA (FHA|USDA|VA) 2 $430,000 $215,000 $3,939 6.68%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $175,000 $175,000 $4,344 6.25%
    CLEVELAND, TN (FHA|USDA|VA) 1 $145,000 $145,000 $3,953 6.99%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $125,000 $125,000 $810 6.30%
    Citizens Tri-county Bank's top markets include Chattanooga, Tullahoma, Mcminnville, Nashville, and Dayton among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Citizens Tri-County Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    ASCEND FEDERAL CREDIT UNION
    Similarity Rank: 68
    The First National Bank of Middle Tennessee
    Similarity Rank: 128
    First Vision Bank of Tennessee
    Similarity Rank: 414
    Chattanooga Federal Emp. Credit Union
    Similarity Rank: 485
    TENNESSEE VALLEY
    Similarity Rank: 850
    Citizens Tri-County Bank
    Similarity Rank: 1078
    Independent Bank
    Similarity Rank: 1140
    Morgan Stanley Private Bank
    Similarity Rank: 1320
    First Citizens National Bank
    Similarity Rank: 1344
    Legends Bank
    Similarity Rank: 1428

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 538 $96,780,000 $179,888 $2,414 8.74%
    VA 6 $1,820,000 $303,333 $6,467 6.38%
    USDA 4 $770,000 $192,500 $6,905 6.00%

    For 2023, Citizens Tri-county Bank's most frequently originated type of loan was Conventional, with 538 originations. Their 2nd most popular type was VA, with 6 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 294 $76,140,000 $258,980 $3,441 7.95%
    Cash Out Refi 94 $11,490,000 $122,234 $1,620 9.62%
    Home Improvement 67 $4,835,000 $72,164 $1,383 9.63%
    Other 53 $3,295,000 $62,170 $1,459 9.59%
    Refi 40 $3,610,000 $90,250 $1,496 9.13%

    For 2023, Citizens Tri-county Bank's most frequently cited loan purpose was Home Purchase, with 294 originations. The 2nd most popular reason was Cash Out Refi, with 94 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 165 $18,435,000 $111,727 $1,466 9.44%
    20 Year 114 $25,370,000 $222,544 $1,609 9.12%
    30 Year 109 $33,315,000 $305,642 $5,317 6.79%
    10 Year 54 $2,680,000 $49,630 $1,227 9.28%
    Other 53 $6,585,000 $124,245 $1,313 8.91%
    1 Year 39 $12,685,000 $325,256 $2,911 8.03%
    5 Year 14 $300,000 $21,429 $1,322 9.85%

    For 2023, Citizens Tri-county Bank's most frequently cited loan duration was 15 Year, with 165 originations. The 2nd most popular length was 20 Year, with 114 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 312 $38,080,000 $122,051
    $1k-2k 48 $14,130,000 $294,375
    $2k-3k 27 $7,045,000 $260,926
    $3k-4k 24 $6,540,000 $272,500
    $4k-5k 10 $4,050,000 $405,000
    $5k+ 10 $5,810,000 $581,000

    Citizens Tri-county Bank's average total fees were $5,317, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 312 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 287 $34,645,000 $120,714
    7-8% 121 $29,905,000 $247,149
    6-7% 113 $29,135,000 $257,832
    5-6% 27 $5,685,000 $210,556

    During 2023, Citizens Tri-county Bank's average interest rate for loans was 6.79%, while their most frequently originated rate bucket for loans was Over 8%, with 287 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 253 $13,265,000 $52,431 $1,381 9.57%
    $100k-200k 138 $19,950,000 $144,565 $2,424 8.47%
    $200k-400k 93 $25,225,000 $271,237 $3,683 7.52%
    $400k-600k 36 $17,190,000 $477,500 $5,084 7.32%
    $600k-1MM 22 $14,780,000 $671,818 $6,030 7.33%
    $1MM+ 6 $8,960,000 $1,493,333 $3,280 7.91%

    2023 saw Citizens Tri-county Bank place emphasis on $100,000 or less loans with 253 originations, totaling $13,265,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 113 $12,045,000 $106,593 $2,173 8.94%
    $50k or less 111 $8,195,000 $73,829 $1,776 9.15%
    $100k-150k 94 $18,510,000 $196,915 $2,930 8.53%
    $75k-100k 77 $11,795,000 $153,182 $2,650 8.78%
    $150k-250k 60 $19,460,000 $324,333 $3,508 8.20%
    $250k+ 53 $17,525,000 $330,660 $3,050 8.39%

    Citizens Tri-county Bank lent most frequently to those with incomes in the $50k-75k range, with 113 originations. The second most popular income band? $50k or less, with 111 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 118 $17,470,000 $148,051 $2,477 8.59%
    <20% 77 $9,215,000 $119,675 $1,698 8.72%
    30-36% 70 $10,520,000 $150,286 $2,430 8.93%
    50-60% 28 $5,870,000 $209,643 $2,395 9.29%
    >60% 24 $7,870,000 $327,917 $1,365 8.30%
    41% 19 $3,045,000 $160,263 $3,003 8.94%
    42% 19 $4,075,000 $214,474 $3,453 7.40%
    40% 18 $3,060,000 $170,000 $2,435 9.46%
    44% 18 $3,680,000 $204,444 $3,716 8.06%
    38% 17 $4,065,000 $239,118 $2,688 8.57%
    46% 16 $2,950,000 $184,375 $3,499 9.11%
    39% 16 $2,570,000 $160,625 $2,583 8.48%
    36% 13 $1,835,000 $141,154 $2,681 9.57%
    47% 12 $2,630,000 $219,167 $2,960 9.03%
    45% 10 $950,000 $95,000 $2,118 9.70%
    48% 10 $2,390,000 $239,000 $2,050 8.62%
    49% 9 $3,075,000 $341,667 $4,585 8.68%
    37% 9 $1,185,000 $131,667 $2,736 8.99%
    43% 7 $1,405,000 $200,714 $3,109 8.25%

    Citizens Tri-county Bank lent most frequently to those with DTI ratios of 20-30%, with 118 originations. The next most common DTI ratio? <20%, with 77 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 466 $81,220,000 $174,292 $2,508 8.69%
    Not applicable 30 $7,730,000 $257,667 $0 7.99%
    Not provided 32 $5,850,000 $182,813 $2,343 9.16%
    Asian Indian 4 $2,180,000 $545,000 $4,532 7.30%
    Black 10 $1,350,000 $135,000 $2,365 9.57%
    American Indian 3 $585,000 $195,000 $2,029 9.66%
    Asian 2 $330,000 $165,000 $2,553 7.35%
    Chinese 1 $125,000 $125,000 $0 9.45%

    Approval Rates

    Total approvals of all applications
    89.97%

    Citizens Tri-county Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.91%

    Citizens Tri-county Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    250.0 1 $5,000 $5,000
    300.0 1 $25,000 $25,000
    350.0 1 $45,000 $45,000
    528.0 1 $15,000 $15,000
    600.0 1 $65,000 $65,000
    NA 543 $99,215,000 $182,716

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    548 $99,370,000 $181,332

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 127 $13,975,000 $110,039 $1,843 9.29%
    40-60% 114 $21,330,000 $187,105 $2,319 8.43%
    60-80% 145 $40,285,000 $277,828 $3,306 8.27%
    80-100% 81 $19,565,000 $241,543 $4,146 7.69%
    Over 100% 2 $60,000 $30,000 $0 10.53%
    Under 20% 79 $4,155,000 $52,595 $1,275 9.85%