First Citizens National Bank Mortgage Rates, Fees & Info

Dyersburg, TN

LEI: 549300RZFHIGIM84KN09

Tax ID: 62-0201100

5 stars - Updated: 12/4/24 - out of 5 stars, based on 25 reviews

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

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Mortgage Data

Review & Overview

First Citizens National Bank is a smaller bank specializing in Home Purchase and Refi loans. First Citizens National Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Chattanooga, Nashville, Cleveland, Memphis, and Dyersburg among others. We have data for 32 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Citizens National 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. First Citizens National Bank 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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.69% 12/4/24
30 Year Conventional Refi 6.69% 12/4/24
30 Year Cash-out Refi 6.83% 12/4/24
30 Year FHA Purchase 7.11% 12/4/24
30 Year FHA Refi 6.27% 12/4/24
30 Year VA Purchase 6.21% 12/4/24
30 Year VA Refi 6.27% 12/4/24
30 Year USDA Purchase 6.68% 12/4/24
30 Year USDA Refi 6.55% 12/4/24
15 Year Conventional Purchase 6.84% 12/4/24
15 Year Conventional Refi 6.64% 12/4/24
15 Year Cash-out Refi 6.64% 12/4/24
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.

First Citizens National Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from First Citizens National 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

650

Origination Dollar Volume (All Markets)

$180,670,000
Show all (6) awards

Relative Rate

First Citizens National Bank's average 30 year fixed mortgage rate was 6.28%.

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

This yields a difference of -0.2%.

Relative Fees (Closing Costs)

First Citizens National Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,345.

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) 65 $46,185,000 $710,538 $4,720 7.02%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 52 $33,500,000 $644,231 $4,948 7.59%
CLEVELAND, TN (FHA|USDA|VA) 124 $27,660,000 $223,065 $3,834 7.05%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 76 $16,870,000 $221,974 $4,088 7.04%
Dyersburg, TN (FHA|USDA|VA) 106 $13,280,000 $125,283 $3,367 7.20%
JACKSON, TN (FHA|USDA|VA) 48 $8,780,000 $182,917 $4,346 6.88%
Martin, TN (FHA|USDA|VA) 23 $6,305,000 $274,130 $1,908 7.34%
Union City, TN (FHA|USDA|VA) 68 $5,880,000 $86,471 $2,514 6.88%
Outside of Metro Areas 33 $4,885,000 $148,030 $3,571 6.54%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 10 $4,370,000 $437,000 $3,844 6.88%
Athens, TN (FHA|USDA|VA) 12 $2,950,000 $245,833 $4,611 6.68%
Dayton, TN (FHA|USDA|VA) 6 $1,960,000 $326,667 $3,801 6.77%
KNOXVILLE, TN (FHA|USDA|VA) 3 $1,525,000 $508,333 $5,612 6.37%
DECATUR, AL (FHA|USDA|VA) 1 $1,465,000 $1,465,000 $6,912 7.22%
PANAMA CITY, FL (FHA|USDA|VA) 2 $780,000 $390,000 $0 7.75%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $525,000 $525,000 $6,764 6.88%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $505,000 $505,000 $4,288 6.63%
Sevierville, TN (FHA|USDA|VA) 1 $475,000 $475,000 $3,166 5.81%
DALTON, GA (FHA|USDA|VA) 2 $470,000 $235,000 $2,914 5.69%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $335,000 $335,000 $8,032 6.88%
Shelbyville, TN (FHA|USDA|VA) 1 $335,000 $335,000 $0 6.75%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $265,000 $265,000 $0 7.35%
LOUISVILLE, KY (FHA|USDA|VA) 1 $265,000 $265,000 $7,000 6.63%
Paris, TN (FHA|USDA|VA) 4 $260,000 $65,000 $1,377 7.18%
Lawrenceburg, TN (FHA|USDA|VA) 1 $245,000 $245,000 $0 7.35%
MUSKEGON, MI (FHA|USDA|VA) 1 $135,000 $135,000 $2,792 7.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $115,000 $115,000 $2,011 6.31%
Batesville, AR (FHA|USDA|VA) 1 $115,000 $115,000 $2,069 7.45%
Thomaston, GA (FHA|USDA|VA) 1 $105,000 $105,000 $2,617 7.06%
Brownsville, TN (FHA|USDA|VA) 1 $75,000 $75,000 $2,519 8.50%
Murray, KY (FHA|USDA|VA) 1 $35,000 $35,000 $1,665 8.35%
Greenwood, MS (FHA|USDA|VA) 1 $15,000 $15,000 $0 8.50%
First Citizens National Bank's top markets include Chattanooga, Nashville, Cleveland, Memphis, and Dyersburg among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Similar Lenders

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

    First Farmers and Merchants Bank
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 440 $154,370,000 $350,841 $3,098 6.77%
    HELOC 139 $11,675,000 $83,993 n/a 8.35%
    FHA 34 $7,630,000 $224,412 $7,808 6.41%
    USDA 28 $4,050,000 $144,643 $5,347 6.18%
    VA 9 $2,945,000 $327,222 $6,661 6.10%

    For 2023, First Citizens National Bank's most frequently originated type of loan was Conventional, with 440 originations. Their 2nd most popular type was HELOC, with 139 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 328 $116,120,000 $354,024 $4,110 6.50%
    Other 136 $11,320,000 $83,235 $1,651 8.19%
    Refi 119 $43,485,000 $365,420 $3,854 7.13%
    Home Improvement 50 $6,870,000 $137,400 $1,663 7.54%
    Cash Out Refi 17 $2,875,000 $169,118 $3,464 6.66%

    For 2023, First Citizens National Bank's most frequently cited loan purpose was Home Purchase, with 328 originations. The 2nd most popular reason was Other, with 136 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 273 $75,195,000 $275,440 $4,345 6.28%
    10 Year 156 $12,660,000 $81,154 $1,571 8.23%
    15 Year 60 $8,430,000 $140,500 $2,635 7.18%
    Other 57 $43,895,000 $770,088 $2,541 6.89%
    20 Year 54 $23,580,000 $436,667 $1,779 7.22%
    1 Year 44 $10,840,000 $246,364 $0 7.55%
    5 Year 5 $405,000 $81,000 $1,644 6.79%
    3 Year 1 $5,665,000 $5,665,000 $0 6.60%

    For 2023, First Citizens National Bank's most frequently cited loan duration was 30 Year, with 273 originations. The 2nd most popular length was 10 Year, with 156 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 237 $56,155,000 $236,941
    $1k-2k 93 $21,435,000 $230,484
    $2k-3k 39 $10,455,000 $268,077
    $3k-4k 17 $5,825,000 $342,647
    $5k+ 8 $3,470,000 $433,750
    $4k-5k 6 $2,240,000 $373,333

    First Citizens National Bank's average total fees were $4,345, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 237 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 218 $86,330,000 $396,009
    6-7% 216 $62,000,000 $287,037
    Over 8% 131 $12,185,000 $93,015
    5-6% 68 $17,990,000 $264,559
    <2.5% 14 $70,000 $5,000
    4-5% 3 $2,095,000 $698,333

    During 2023, First Citizens National Bank's average interest rate for loans was 6.28%, while their most frequently originated rate bucket for loans was 7-8%, with 218 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 216 $10,990,000 $50,880 $1,755 7.29%
    $200k-400k 175 $50,585,000 $289,057 $4,708 6.84%
    $100k-200k 172 $24,800,000 $144,186 $3,542 7.05%
    $400k-600k 47 $23,135,000 $492,234 $5,018 6.79%
    $600k-1MM 22 $15,400,000 $700,000 $4,941 7.07%
    $1MM+ 18 $55,760,000 $3,097,778 $4,810 7.01%

    2023 saw First Citizens National Bank place emphasis on $100,000 or less loans with 216 originations, totaling $10,990,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 135 $29,945,000 $221,815 $4,405 7.05%
    $50k-75k 116 $14,470,000 $124,741 $3,347 6.73%
    $75k-100k 102 $15,930,000 $156,176 $3,818 7.19%
    $50k or less 93 $8,595,000 $92,419 $2,822 6.83%
    $150k-250k 87 $24,625,000 $283,046 $4,169 7.28%
    $250k+ 50 $25,250,000 $505,000 $3,721 7.21%

    First Citizens National Bank lent most frequently to those with incomes in the $100k-150k range, with 135 originations. The second most popular income band? $50k-75k, with 116 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 134 $24,810,000 $185,149 $3,775 7.00%
    20-30% 123 $24,735,000 $201,098 $3,434 7.05%
    <20% 52 $6,670,000 $128,269 $2,754 7.47%
    39% 43 $9,775,000 $227,326 $4,854 7.74%
    38% 28 $5,730,000 $204,643 $2,981 6.66%
    36% 24 $5,050,000 $210,417 $4,308 6.57%
    37% 21 $4,015,000 $191,190 $3,814 6.56%
    42% 20 $4,190,000 $209,500 $4,703 7.01%
    43% 17 $4,325,000 $254,412 $3,964 6.31%
    47% 13 $2,765,000 $212,692 $3,817 6.27%
    41% 12 $2,960,000 $246,667 $3,220 6.14%
    49% 11 $4,295,000 $390,455 $5,631 6.83%
    40% 10 $2,120,000 $212,000 $3,526 6.89%
    46% 9 $2,675,000 $297,222 $4,978 6.60%
    45% 9 $2,505,000 $278,333 $4,473 6.96%
    44% 7 $2,015,000 $287,857 $3,439 5.96%
    48% 6 $1,800,000 $300,000 $3,875 6.83%
    50-60% 3 $835,000 $278,333 $2,984 7.33%
    >60% 1 $605,000 $605,000 $0 7.30%

    First Citizens National Bank lent most frequently to those with DTI ratios of 30-36%, with 134 originations. The next most common DTI ratio? 20-30%, with 123 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 530 $106,470,000 $200,887 $3,802 7.02%
    Not applicable 51 $59,055,000 $1,157,941 $0 7.45%
    Black 47 $7,895,000 $167,979 $3,709 6.72%
    Not provided 17 $6,225,000 $366,176 $3,612 7.73%
    Asian 3 $695,000 $231,667 $2,812 6.83%
    American Indian 2 $330,000 $165,000 $3,298 7.94%

    Approval Rates

    Total approvals of all applications
    86.16%

    First Citizens National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.23%

    First Citizens National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 650 $180,670,000 $277,954

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    650 $180,670,000 $277,954

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 121 $13,775,000 $113,843 $2,497 7.69%
    40-60% 75 $34,265,000 $456,867 $2,768 7.26%
    60-80% 153 $65,615,000 $428,856 $4,183 7.10%
    80-100% 202 $60,150,000 $297,772 $4,575 6.69%
    Over 100% 4 $1,330,000 $332,500 $11,148 6.88%
    Under 20% 95 $5,535,000 $58,263 $901 6.80%