Citizens Alliance Bank Mortgage Rates, Fees & Info
Clara City, MNLEI: 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
157Origination Dollar Volume (All Markets)
$46,135,000Top 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% |
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
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
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
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
Approval Rates
Total approvals of all applications93.19%
Citizens Alliance Bank has an average approval rate.
Pick Rate
Approvals leading to origination87.26%
Citizens Alliance Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 157 | $46,135,000 | $293,854 |