Citizens Tri-county Bank Mortgage Rates, Fees & Info

Dunlap, TN

LEI: 549300RUFHC5ZQDL8J10

Tax ID: 62-0875633

5 stars - out of 5 stars, based on 26 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 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 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens Tri-county Bank has an above 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 about average 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% 3/27/23
    30 Year Conventional Refi 6.50% 3/27/23
    30 Year Cash-out Refi 6.82% 3/27/23
    30 Year FHA Purchase 6.27% 3/27/23
    30 Year VA Purchase 6.02% 3/27/23
    30 Year USDA Purchase 6.68% 3/27/23
    15 Year Conventional Purchase 7.72% 3/27/23
    15 Year Conventional Refi 7.71% 3/27/23
    15 Year Cash-out Refi 7.71% 3/27/23
    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.


    Originations

    685

    Origination Dollar Volume (All Markets)

    $109,385,000

    Awards

    Citizens Tri-County Bank 30 Year Conventional Loans bronze Citizens Tri-County Bank 30 Year Conventional Loans silver Citizens Tri-County Bank 30 Year Conventional Loans bronze
    Show all (3) awards

    Relative Rate

    Citizens Tri-county Bank's average 30 year fixed mortgage rate was 5.11%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.35%.

    Relative Fees (Closing Costs)

    Citizens Tri-county Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,944.

    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 $4,750.

    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) 267 $41,015,000 $153,614 $2,235 5.88%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 129 $27,155,000 $210,504 $2,961 6.03%
    Outside of Metro Areas 182 $21,460,000 $117,912 $1,735 6.31%
    McMinnville, TN (FHA|USDA|VA) 58 $8,440,000 $145,517 $2,917 5.86%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 11 $3,195,000 $290,455 $3,279 6.43%
    Dayton, TN (FHA|USDA|VA) 14 $2,330,000 $166,429 $2,894 6.11%
    Sevierville, TN (FHA|USDA|VA) 1 $755,000 $755,000 $0 4.00%
    KNOXVILLE, TN (FHA|USDA|VA) 3 $645,000 $215,000 $6,691 6.29%
    Cookeville, TN (FHA|USDA|VA) 2 $630,000 $315,000 $1,572 4.38%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $545,000 $545,000 $0 3.95%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $535,000 $535,000 $9,835 6.88%
    Crossville, TN (FHA|USDA|VA) 3 $525,000 $175,000 $600 5.17%
    Shelbyville, TN (FHA|USDA|VA) 2 $500,000 $250,000 $1,506 6.73%
    Calhoun, GA (FHA|USDA|VA) 1 $405,000 $405,000 $3,795 3.63%
    OCALA, FL (FHA|USDA|VA) 1 $345,000 $345,000 $9,498 5.50%
    Scottsboro, AL (FHA|USDA|VA) 4 $310,000 $77,500 $2,199 5.38%
    Lewisburg, TN (FHA|USDA|VA) 1 $195,000 $195,000 $0 4.50%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $145,000 $145,000 $2,426 4.50%
    Greeneville, TN (FHA|USDA|VA) 1 $55,000 $55,000 $3,375 5.50%
    Vincennes, IN (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.55%
    Citizens Tri-county Bank's top markets include Chattanooga, Tullahoma, Mcminnville, Nashville, and Dayton among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Alabama (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.

    First Citizens National Bank
    Similarity Rank: 490
    Legacy Home Loans, LLC
    Similarity Rank: 540
    Independent Bank
    Similarity Rank: 1292
    F&M Bank
    Similarity Rank: 1364
    Citizens Tri-County Bank
    Similarity Rank: 1386
    ASCEND FEDERAL CREDIT UNION
    Similarity Rank: 1554
    REDSTONE Federal Credit Union
    Similarity Rank: 1558
    Low VA Rates, LLC
    Similarity Rank: 1686
    The First National Bank of Middle Tennessee
    Similarity Rank: 2040
    CU COMMUNITY, LLC
    Similarity Rank: 2128

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 680 $108,070,000 $158,926 $2,352 6.02%
    VA 3 $865,000 $288,333 $3,727 4.83%
    USDA 2 $450,000 $225,000 $7,000 5.38%

    For 2022, Citizens Tri-county Bank's most frequently originated type of loan was Conventional, with 680 originations. Their 2nd most popular type was VA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 361 $76,635,000 $212,285 $3,153 5.75%
    Cash Out Refi 150 $18,160,000 $121,067 $1,823 6.18%
    Home Improvement 72 $5,200,000 $72,222 $1,324 6.47%
    Refi 66 $7,020,000 $106,364 $1,211 5.92%
    Other 36 $2,370,000 $65,833 $1,283 7.32%

    For 2022, Citizens Tri-county Bank's most frequently cited loan purpose was Home Purchase, with 361 originations. The 2nd most popular reason was Cash Out Refi, with 150 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 214 $22,840,000 $106,729 $1,612 6.32%
    20 Year 139 $28,665,000 $206,223 $1,623 6.06%
    30 Year 130 $34,110,000 $262,385 $4,944 5.11%
    Other 83 $10,875,000 $131,024 $1,229 6.23%
    10 Year 71 $5,335,000 $75,141 $1,286 6.68%
    1 Year 31 $7,105,000 $229,194 $2,912 5.47%
    5 Year 15 $375,000 $25,000 $1,051 6.11%
    3 Year 2 $80,000 $40,000 $276 4.90%

    For 2022, Citizens Tri-county Bank's most frequently cited loan duration was 15 Year, with 214 originations. The 2nd most popular length was 20 Year, with 139 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 361 $41,205,000 $114,141
    $1k-2k 74 $17,280,000 $233,514
    $2k-3k 28 $6,730,000 $240,357
    $3k-4k 27 $6,355,000 $235,370
    $5k+ 19 $7,515,000 $395,526
    $4k-5k 8 $3,240,000 $405,000

    Citizens Tri-county Bank's average total fees were $4,944, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 361 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 193 $33,975,000 $176,036
    5-6% 171 $31,555,000 $184,532
    6-7% 120 $18,570,000 $154,750
    Over 8% 79 $6,275,000 $79,430
    7-8% 75 $7,175,000 $95,667
    3-4% 41 $10,795,000 $263,293
    2.5-3% 5 $835,000 $167,000
    <2.5% 1 $205,000 $205,000

    During 2022, Citizens Tri-county Bank's average interest rate for loans was 5.11%, while their most frequently originated rate bucket for loans was 4-5%, with 193 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 307 $17,325,000 $56,433 $1,329 6.64%
    $100k-200k 210 $29,900,000 $142,381 $2,387 5.60%
    $200k-400k 111 $30,705,000 $276,622 $3,922 5.54%
    $400k-600k 44 $20,780,000 $472,273 $4,505 5.17%
    $600k-1MM 10 $7,060,000 $706,000 $5,074 5.06%
    $1MM+ 3 $3,615,000 $1,205,000 $11,985 4.91%

    2022 saw Citizens Tri-county Bank place emphasis on $100,000 or less loans with 307 originations, totaling $17,325,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 172 $19,980,000 $116,163 $2,349 6.13%
    $50k or less 157 $12,565,000 $80,032 $1,763 6.32%
    $100k-150k 105 $21,565,000 $205,381 $2,837 5.98%
    $150k-250k 78 $17,320,000 $222,051 $3,350 5.57%
    $75k-100k 76 $12,590,000 $165,658 $2,702 6.23%
    $250k+ 63 $14,725,000 $233,730 $1,833 5.64%

    Citizens Tri-county Bank lent most frequently to those with incomes in the $50k-75k range, with 172 originations. The second most popular income band? $50k or less, with 157 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 165 $21,655,000 $131,242 $2,083 5.91%
    <20% 127 $14,715,000 $115,866 $1,704 6.07%
    30-36% 106 $16,250,000 $153,302 $2,649 6.22%
    >60% 28 $5,580,000 $199,286 $1,373 5.95%
    50-60% 25 $3,855,000 $154,200 $1,591 6.48%
    36% 23 $3,055,000 $132,826 $3,123 5.62%
    44% 22 $5,320,000 $241,818 $3,152 5.80%
    39% 19 $3,435,000 $180,789 $2,447 6.20%
    38% 17 $3,275,000 $192,647 $2,575 5.81%
    49% 16 $3,720,000 $232,500 $4,530 5.76%
    37% 15 $2,535,000 $169,000 $3,903 5.25%
    42% 14 $1,610,000 $115,000 $2,351 6.62%
    41% 13 $2,535,000 $195,000 $2,879 5.74%
    46% 12 $2,060,000 $171,667 $1,438 7.33%
    43% 12 $2,640,000 $220,000 $3,625 5.92%
    45% 12 $1,670,000 $139,167 $1,625 6.25%
    48% 10 $2,390,000 $239,000 $3,358 6.59%
    47% 10 $2,560,000 $256,000 $3,623 5.73%
    40% 9 $1,205,000 $133,889 $2,774 6.68%

    Citizens Tri-county Bank lent most frequently to those with DTI ratios of 20-30%, with 165 originations. The next most common DTI ratio? <20%, with 127 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 595 $88,895,000 $149,403 $2,404 6.02%
    Not provided 52 $9,850,000 $189,423 $1,653 6.23%
    Not applicable 22 $7,840,000 $356,364 $2,336 5.52%
    Asian 5 $1,255,000 $251,000 $1,683 5.37%
    Black 8 $850,000 $106,250 $2,462 6.39%
    Asian Indian 2 $600,000 $300,000 $7,751 5.69%
    Native Hawaiian or Islander 1 $95,000 $95,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    90.03%

    Citizens Tri-county Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.93%

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

    Points and Fees

    Points Originations Total Value Average Loan
    175.0 1 $15,000 $15,000
    200.0 1 $25,000 $25,000
    250.0 1 $55,000 $55,000
    400.0 2 $80,000 $40,000
    600.0 2 $130,000 $65,000
    NA 678 $109,080,000 $160,885

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    685 $109,385,000 $159,686

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 136 $12,930,000 $95,074 $1,827 6.23%
    40-60% 167 $25,365,000 $151,886 $2,272 6.03%
    60-80% 209 $43,795,000 $209,545 $2,923 5.76%
    80-100% 102 $23,350,000 $228,922 $3,249 5.77%
    Over 100% 4 $460,000 $115,000 $1,586 6.13%
    Under 20% 67 $3,485,000 $52,015 $1,241 6.73%

    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%