The Citizens Bank Mortgage Rates, Fees & Info
Enterprise, ALLEI: 549300V4UDO1FVIAXD70
Tax ID: 63-0245356
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Mortgage Data
Review & Overview
The Citizens Bank is a smaller bank specializing in Home Purchase loans. The Citizens Bank has a high proportion of conventional loans. Their top markets by origination volume include: Daphne, Enterprise, Crestview, Mobile, and Auburn among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)The Citizens 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
49Origination Dollar Volume (All Markets)
$17,295,000Top 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 |
|---|---|---|---|---|---|
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 16 | $8,850,000 | $553,125 | $6,490 | 7.50% |
| Enterprise, AL (FHA|USDA|VA) | 10 | $1,900,000 | $190,000 | $576 | 7.79% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $1,865,000 | $621,667 | $4,182 | 7.13% |
| MOBILE, AL (FHA|USDA|VA) | 3 | $1,535,000 | $511,667 | $0 | 7.54% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $2,991 | 6.54% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $3,060 | 7.75% |
| DOTHAN, AL (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $1,653 | 7.91% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 8.50% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $800 | 7.50% |
| Atmore, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,155 | 7.25% |
| Outside of Metro Areas | 2 | $180,000 | $90,000 | $2,070 | 8.18% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,310 | 7.50% |
| Eufaula, AL-GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $690 | 8.25% |
| Ozark, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 49 | $17,295,000 | $352,959 | $3,481 | 7.60% |
For 2023, The Citizens Bank's most frequently originated type of loan was Conventional, with 49 originations.
Loan Reason
For 2023, The Citizens Bank's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
For 2023, The Citizens Bank's most frequently cited loan duration was Other, with 22 originations. The 2nd most popular length was 5 Year, with 12 originations.
Origination Fees/Closing Costs
The Citizens Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 20 | $6,790,000 | $339,500 |
| Over 8% | 17 | $4,465,000 | $262,647 |
| 6-7% | 11 | $5,735,000 | $521,364 |
| 5-6% | 1 | $305,000 | $305,000 |
During 2023, The Citizens Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 20 originations.
Loan Sizing
2023 saw The Citizens Bank place emphasis on $200k-400k loans with 14 originations, totaling $4,550,000 in origination value.
Applicant Income
The Citizens Bank lent most frequently to those with incomes in the $250k+ range, with 10 originations. The second most popular income band? $50k-75k, with 6 originations.
Applicant Debt to Income Ratio
The Citizens Bank lent most frequently to those with DTI ratios of 20-30%, with 9 originations. The next most common DTI ratio? 30-36%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.11%
The Citizens 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 origination93.88%
The Citizens Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 49 | $17,295,000 | $352,959 |