Citizens Alliance Bank Mortgage Rates, Fees & Info

Clara City, MN

LEI: 549300S46DHLT3EQ9F05

Tax ID: 41-0190810

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Mortgage Data

Review & Overview

Citizens Alliance Bank is a smaller bank specializing in Home Purchase and Refi loans. Citizens Alliance Bank has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Great Falls, Missoula, Willmar, and Helena among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

Citizens Alliance 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.

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Originations

157

Origination Dollar Volume (All Markets)

$46,135,000

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
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 14 $18,800,000 $1,342,857 $0 0.00%
GREAT FALLS, MT (FHA|USDA|VA) 28 $8,290,000 $296,071 $0 0.00%
Outside of Metro Areas 55 $6,195,000 $112,636 $0 0.00%
MISSOULA, MT (FHA|USDA|VA) 22 $4,200,000 $190,909 $0 0.00%
Willmar, MN (FHA|USDA|VA) 6 $2,000,000 $333,333 $0 0.00%
Helena, MT (FHA|USDA|VA) 8 $1,930,000 $241,250 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $1,465,000 $488,333 $0 0.00%
Hilo, HI (FHA|USDA|VA) 1 $1,025,000 $1,025,000 $0 0.00%
Marshall, MN (FHA|USDA|VA) 8 $670,000 $83,750 $0 0.00%
MANKATO, MN (FHA|USDA|VA) 2 $310,000 $155,000 $0 0.00%
Brainerd, MN (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
Fergus Falls, MN (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
Spirit Lake, IA (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
New Ulm, MN (FHA|USDA|VA) 2 $210,000 $105,000 $0 0.00%
Alexandria, MN (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Bozeman, MT (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Butte-Silver Bow, MT (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Fairmont, MN (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Hutchinson, MN (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Citizens Alliance Bank's top markets include Minneapolis, Great Falls, Missoula, Willmar, and Helena among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Hawaii (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 157 $46,135,000 $293,854 $0 0.00%

    For 2023, Citizens Alliance Bank's most frequently originated type of loan was Conventional, with 157 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 81 $21,735,000 $268,333 $0 0.00%
    Refi 29 $19,795,000 $682,586 $0 0.00%
    Home Improvement 25 $1,945,000 $77,800 $0 0.00%
    Other 22 $2,660,000 $120,909 $0 0.00%

    For 2023, Citizens Alliance Bank's most frequently cited loan purpose was Home Purchase, with 81 originations. The 2nd most popular reason was Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 157 $46,135,000 $293,854 $0 0.00%

    For 2023, Citizens Alliance Bank's most frequently cited loan duration was Other, with 157 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 65 $3,585,000 $55,154 $0 0.00%
    $100k-200k 39 $5,735,000 $147,051 $0 0.00%
    $200k-400k 36 $9,620,000 $267,222 $0 0.00%
    $400k-600k 7 $3,615,000 $516,429 $0 0.00%
    $600k-1MM 7 $5,245,000 $749,286 $0 0.00%
    $1MM+ 3 $18,335,000 $6,111,667 $0 0.00%

    2023 saw Citizens Alliance Bank place emphasis on $100,000 or less loans with 65 originations, totaling $3,585,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 30 $2,900,000 $96,667 $0 0.00%
    $75k-100k 25 $2,945,000 $117,800 $0 0.00%
    $100k-150k 21 $3,795,000 $180,714 $0 0.00%
    $150k-250k 19 $5,385,000 $283,421 $0 0.00%
    $50k or less 19 $1,905,000 $100,263 $0 0.00%
    $250k+ 12 $6,870,000 $572,500 $0 0.00%

    Citizens Alliance Bank lent most frequently to those with incomes in the $50k-75k range, with 30 originations. The second most popular income band? $75k-100k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 157 $46,135,000 $293,854 $0 0.00%

    Citizens Alliance Bank lent most frequently to those with DTI ratios of Exempt%, with 157 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 119 $22,025,000 $185,084 $0 0.00%
    Not applicable 18 $19,680,000 $1,093,333 $0 0.00%
    Not provided 18 $4,280,000 $237,778 $0 0.00%
    American Indian 1 $75,000 $75,000 $0 0.00%
    Black 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.19%

    Citizens Alliance Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.26%

    Citizens Alliance Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 157 $46,135,000 $293,854

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    157 $46,135,000 $293,854