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 and Refi loans. The Citizens Bank has a high proportion of conventional loans. Their top markets by origination volume include: Daphne, Enterprise, Crestview, Lagrange, and Ozark among others. We have data for 12 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. The Citizens Bank 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.
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Originations
57Origination Dollar Volume (All Markets)
$11,305,000Top 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) | 11 | $4,685,000 | $425,909 | $7,242 | 5.21% |
| Outside of Metro Areas | 16 | $2,630,000 | $164,375 | $2,641 | 5.23% |
| Enterprise, AL (FHA|USDA|VA) | 15 | $1,595,000 | $106,333 | $2,878 | 5.19% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $0 | 4.94% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 5.25% |
| Ozark, AL (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $2,936 | 5.08% |
| DOTHAN, AL (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $3,286 | 5.68% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,159 | 4.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.75% |
| Troy, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.25% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.00% |
| Eufaula, AL-GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,090 | 6.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 57 | $11,305,000 | $198,333 | $3,739 | 5.25% |
For 2018, The Citizens Bank's most frequently originated type of loan was Conventional, with 57 originations.
Loan Reason
For 2018, The Citizens Bank's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
For 2018, The Citizens Bank's most frequently cited loan duration was 5 Year, with 45 originations. The 2nd most popular length was Other, with 8 originations.
Origination Fees/Closing Costs
The Citizens Bank's average total fees were $2,650, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 9 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 31 | $5,415,000 | $174,677 |
| 4-5% | 22 | $5,620,000 | $255,455 |
| 6-7% | 3 | $225,000 | $75,000 |
| 3-4% | 1 | $45,000 | $45,000 |
During 2018, The Citizens Bank's average interest rate for loans was 5.50%, while their most frequently originated rate bucket for loans was 5-6%, with 31 originations.
Loan Sizing
2018 saw The Citizens Bank place emphasis on $100,000 or less loans with 22 originations, totaling $1,210,000 in origination value.
Applicant Income
The Citizens Bank lent most frequently to those with incomes in the $50k or less range, with 16 originations. The second most popular income band? $100k-150k, with 7 originations.
Applicant Debt to Income Ratio
The Citizens Bank lent most frequently to those with DTI ratios of 20-30%, with 8 originations. The next most common DTI ratio? <20%, with 7 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.67%
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 origination98.25%
The Citizens Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 57 | $11,305,000 | $198,333 |