Citizens Community Federal Mortgage Rates, Fees & Info

Altoona, WI

LEI: 549300SUC4CLYKKZWS29

Tax ID: 39-0859926

5 stars - Updated: 12/16/24 - out of 5 stars, based on 16 reviews

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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 Community Federal is a smaller mortgage company specializing in Home Purchase loans. Citizens Community Federal has a high proportion of conventional loans. Their top markets by origination volume include: Eau Claire, Minneapolis, Mankato, La Crosse, and Menomonie among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens Community Federal 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. Citizens Community Federal 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 6.84% 12/16/24
    30 Year Conventional Refi 6.48% 12/16/24
    30 Year Cash-out Refi 6.76% 12/16/24
    30 Year FHA Purchase 6.27% 12/16/24
    30 Year VA Purchase 6.27% 12/16/24
    30 Year USDA Purchase 6.94% 12/16/24
    15 Year Conventional Purchase 6.30% 12/16/24
    15 Year Conventional Refi 6.01% 12/16/24
    15 Year Cash-out Refi 6.01% 12/16/24
    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.

    Citizens Community Federal Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Citizens Community Federal. 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

    264

    Origination Dollar Volume (All Markets)

    $79,720,000

    Awards

    Citizens Community Federal 30 Year Conventional Loans gold Citizens Community Federal 30 Year Conventional Loans silver Citizens Community Federal 30 Year Conventional Loans gold
    Show all (3) awards

    Relative Rate

    Citizens Community Federal's average 30 year fixed mortgage rate was 6.52%.

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

    This yields a difference of 0.04%.

    Relative Fees (Closing Costs)

    Citizens Community Federal's average total fees/closing costs for a 30 year fixed rate mortgage were $3,820.

    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
    EAU CLAIRE, WI (FHA|USDA|VA) 80 $29,440,000 $368,000 $3,966 6.46%
    Outside of Metro Areas 99 $25,205,000 $254,596 $3,651 6.78%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 26 $10,050,000 $386,538 $5,171 6.48%
    MANKATO, MN (FHA|USDA|VA) 18 $5,640,000 $313,333 $3,340 6.35%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 11 $3,035,000 $275,909 $3,148 7.10%
    Menomonie, WI (FHA|USDA|VA) 6 $2,090,000 $348,333 $5,524 6.35%
    Fairmont, MN (FHA|USDA|VA) 9 $845,000 $93,889 $2,641 6.10%
    DULUTH, MN-WI (FHA|USDA|VA) 3 $795,000 $265,000 $3,648 7.08%
    Whitewater, WI (FHA|USDA|VA) 1 $605,000 $605,000 $0 8.25%
    Grand Rapids, MN (FHA|USDA|VA) 1 $365,000 $365,000 $5,308 6.00%
    Albert Lea, MN (FHA|USDA|VA) 2 $360,000 $180,000 $3,155 5.88%
    SHEBOYGAN, WI (FHA|USDA|VA) 1 $275,000 $275,000 $4,254 6.38%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $255,000 $255,000 $2,829 7.38%
    Red Wing, MN (FHA|USDA|VA) 1 $225,000 $225,000 $3,026 7.13%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $175,000 $175,000 $3,486 6.75%
    MADISON, WI (FHA|USDA|VA) 1 $145,000 $145,000 $3,862 5.75%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $105,000 $105,000 $3,017 6.88%
    Austin, MN (FHA|USDA|VA) 1 $65,000 $65,000 $2,257 7.00%
    Alexandria, MN (FHA|USDA|VA) 1 $45,000 $45,000 $2,495 7.25%
    Citizens Community Federal's top markets include Eau Claire, Minneapolis, Mankato, La Crosse, and Menomonie among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)

    • Similar Lenders

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

    CO-OP Credit Union
    Similarity Rank: 28
    South Metro Federal Credit Union
    Similarity Rank: 55
    Security Financial Bank
    Similarity Rank: 56
    Prevail Bank
    Similarity Rank: 96
    MY Credit Union
    Similarity Rank: 225
    Cornerstone State Bank
    Similarity Rank: 456
    IOWA BANKERS MORTGAGE CORPORATION
    Similarity Rank: 580
    SHAREPOINT CREDIT UNION
    Similarity Rank: 745
    Mortgages Unlimited Inc.
    Similarity Rank: 1122
    IDEAL
    Similarity Rank: 1152

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 264 $79,720,000 $301,970 $3,870 6.60%

    For 2023, Citizens Community Federal's most frequently originated type of loan was Conventional, with 264 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 202 $69,330,000 $343,218 $4,255 6.66%
    Cash Out Refi 39 $5,545,000 $142,179 $2,690 6.48%
    Refi 13 $3,265,000 $251,154 $2,403 6.17%
    Home Improvement 6 $900,000 $150,000 $2,966 6.42%
    Other 4 $680,000 $170,000 $2,343 6.69%

    For 2023, Citizens Community Federal's most frequently cited loan purpose was Home Purchase, with 202 originations. The 2nd most popular reason was Cash Out Refi, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 168 $44,450,000 $264,583 $3,820 6.52%
    15 Year 23 $2,995,000 $130,217 $2,584 6.32%
    5 Year 20 $11,240,000 $562,000 $0 7.10%
    30+ year 19 $9,965,000 $524,474 $6,414 6.49%
    10 Year 15 $4,845,000 $323,000 $0 7.44%
    20 Year 10 $1,450,000 $145,000 $2,623 6.60%
    Other 8 $4,770,000 $596,250 $4,049 6.63%
    3 Year 1 $5,000 $5,000 $0 7.00%

    For 2023, Citizens Community Federal's most frequently cited loan duration was 30 Year, with 168 originations. The 2nd most popular length was 15 Year, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 80 $16,240,000 $203,000
    $1k-2k 75 $14,145,000 $188,600
    $2k-3k 41 $14,415,000 $351,585
    $3k-4k 16 $6,780,000 $423,750
    $4k-5k 8 $5,450,000 $681,250
    $5k+ 4 $2,980,000 $745,000

    Citizens Community Federal's average total fees were $3,820, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 80 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 120 $38,280,000 $319,000
    5-6% 82 $23,550,000 $287,195
    7-8% 50 $12,920,000 $258,400
    Over 8% 11 $3,565,000 $324,091
    4-5% 1 $1,405,000 $1,405,000

    During 2023, Citizens Community Federal's average interest rate for loans was 6.52%, while their most frequently originated rate bucket for loans was 6-7%, with 120 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 96 $26,970,000 $280,938 $4,075 6.64%
    $100k-200k 80 $11,780,000 $147,250 $2,885 6.69%
    $100,000 or less 36 $2,560,000 $71,111 $2,541 6.41%
    $400k-600k 30 $14,480,000 $482,667 $5,351 6.63%
    $600k-1MM 13 $9,625,000 $740,385 $8,032 6.39%
    $1MM+ 9 $14,305,000 $1,589,444 $8,753 6.52%

    2023 saw Citizens Community Federal place emphasis on $200k-400k loans with 96 originations, totaling $26,970,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 59 $15,885,000 $269,237 $3,961 6.56%
    $50k-75k 38 $7,180,000 $188,947 $3,630 6.47%
    $75k-100k 38 $7,370,000 $193,947 $3,509 6.43%
    $50k or less 34 $3,850,000 $113,235 $2,605 6.48%
    $150k-250k 33 $11,655,000 $353,182 $4,291 6.69%
    $250k+ 24 $13,990,000 $582,917 $5,935 6.50%

    Citizens Community Federal lent most frequently to those with incomes in the $100k-150k range, with 59 originations. The second most popular income band? $50k-75k, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 49 $11,585,000 $236,429 $3,600 6.50%
    30-36% 32 $6,180,000 $193,125 $3,076 6.51%
    42% 17 $3,905,000 $229,706 $3,403 6.60%
    <20% 16 $3,420,000 $213,750 $3,429 6.54%
    40% 15 $4,075,000 $271,667 $4,315 6.43%
    43% 11 $3,165,000 $287,727 $4,710 6.38%
    41% 11 $5,165,000 $469,545 $4,755 6.25%
    38% 10 $3,550,000 $355,000 $4,817 6.48%
    39% 10 $3,270,000 $327,000 $5,251 6.38%
    37% 10 $4,070,000 $407,000 $5,344 6.35%
    44% 7 $1,375,000 $196,429 $2,856 6.64%
    47% 7 $2,335,000 $333,571 $4,281 6.27%
    46% 6 $1,310,000 $218,333 $3,635 6.81%
    36% 6 $1,050,000 $175,000 $3,398 6.40%
    45% 5 $1,275,000 $255,000 $2,965 6.90%
    48% 5 $2,555,000 $511,000 $5,473 6.50%
    49% 5 $1,275,000 $255,000 $3,253 6.85%
    >60% 1 $255,000 $255,000 $4,048 6.88%

    Citizens Community Federal lent most frequently to those with DTI ratios of 20-30%, with 49 originations. The next most common DTI ratio? 30-36%, with 32 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 218 $57,430,000 $263,440 $3,870 6.51%
    Not applicable 34 $18,920,000 $556,471 $0 7.15%
    Not provided 10 $2,950,000 $295,000 $3,856 6.51%
    Asian 1 $335,000 $335,000 $3,047 7.25%
    Black 1 $85,000 $85,000 $4,909 8.63%

    Approval Rates

    Total approvals of all applications
    89.82%

    Citizens Community Federal has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.83%

    Citizens Community Federal has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 264 $79,720,000 $301,970

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    264 $79,720,000 $301,970

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $1,895,000 $111,471 $2,532 6.43%
    40-60% 42 $8,980,000 $213,810 $2,715 6.49%
    60-80% 86 $28,260,000 $328,605 $3,661 6.75%
    80-100% 113 $38,625,000 $341,814 $4,581 6.54%
    Over 100% 1 $1,165,000 $1,165,000 $0 9.75%
    Under 20% 5 $795,000 $159,000 $2,725 6.43%