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, Phoenix, 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 an above average pick rate when compared to similar lenders.
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Originations
196Origination Dollar Volume (All Markets)
$46,610,000Top 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) | 40 | $13,770,000 | $344,250 | $0 | 0.00% |
| Outside of Metro Areas | 53 | $8,675,000 | $163,679 | $0 | 0.00% |
| GREAT FALLS, MT (FHA|USDA|VA) | 28 | $6,200,000 | $221,429 | $0 | 0.00% |
| MISSOULA, MT (FHA|USDA|VA) | 33 | $5,655,000 | $171,364 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $2,545,000 | $2,545,000 | $0 | 0.00% |
| Helena, MT (FHA|USDA|VA) | 15 | $2,085,000 | $139,000 | $0 | 0.00% |
| Willmar, MN (FHA|USDA|VA) | 6 | $1,750,000 | $291,667 | $0 | 0.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $0 | 0.00% |
| Fairmont, MN (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $0 | 0.00% |
| TWIN FALLS, ID (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $0 | 0.00% |
| Hutchinson, MN (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $0 | 0.00% |
| Bozeman, MT (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 0.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| Marshall, MN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Austin, MN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 196 | $46,610,000 | $237,806 | $0 | 0.00% |
For 2022, Citizens Alliance Bank's most frequently originated type of loan was Conventional, with 196 originations.
Loan Reason
For 2022, Citizens Alliance Bank's most frequently cited loan purpose was Home Purchase, with 105 originations. The 2nd most popular reason was Refi, with 45 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 196 | $46,610,000 | $237,806 | $0 | 0.00% |
For 2022, Citizens Alliance Bank's most frequently cited loan duration was Other, with 196 originations.
Loan Sizing
2022 saw Citizens Alliance Bank place emphasis on $200k-400k loans with 83 originations, totaling $25,245,000 in origination value.
Applicant Income
Citizens Alliance Bank lent most frequently to those with incomes in the $50k-75k range, with 28 originations. The second most popular income band? $100k-150k, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 196 | $46,610,000 | $237,806 | $0 | 0.00% |
Citizens Alliance Bank lent most frequently to those with DTI ratios of Exempt%, with 196 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.80%
Citizens Alliance Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination91.84%
Citizens Alliance Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 196 | $46,610,000 | $237,806 |
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% |