City Bank Mortgage Rates, Fees & Info

Lubbock, TX

LEI: 549300VHBALPLHRR4080

Tax ID: 75-1952906

5 stars - Updated: 5/27/24 - out of 5 stars, based on 39 reviews

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

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Mortgage Data

Review & Overview

City Bank is a smaller bank specializing in Home Purchase loans. City Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Dallas, Houston, Lubbock, El Paso, and Abilene among others. We have data for 81 markets. (Some data included below & more in-depth data is available with an active subscription.)

City 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. City Bank is typically an average 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 6.77% 5/27/24
30 Year Conventional Refi 6.64% 5/27/24
30 Year Cash-out Refi 7.00% 5/27/24
30 Year FHA Purchase 7.53% 5/27/24
30 Year FHA Refi 7.38% 5/27/24
30 Year VA Purchase 6.09% 5/27/24
30 Year USDA Purchase 6.96% 5/27/24
15 Year Conventional Purchase 6.34% 5/27/24
15 Year Conventional Refi 6.22% 5/27/24
15 Year Cash-out Refi 6.22% 5/27/24
15 Year FHA Purchase 7.16% 5/27/24
15 Year FHA Refi 5.68% 5/27/24
15 Year VA Purchase 6.05% 5/27/24
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.

City Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from City Bank. 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

1,535

Origination Dollar Volume (All Markets)

$541,345,000
Show all (7) awards

Relative Rate

City Bank's average 30 year fixed mortgage rate was 6.77%.

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

This yields a difference of 0.29%.

Relative Fees (Closing Costs)

City Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $8,062.

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
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 353 $136,755,000 $387,408 $9,234 6.80%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 80 $89,480,000 $1,118,500 $6,364 8.08%
LUBBOCK, TX (FHA|USDA|VA) 294 $71,760,000 $244,082 $5,476 7.29%
EL PASO, TX (FHA|USDA|VA) 167 $49,525,000 $296,557 $8,943 6.50%
ABILENE, TX (FHA|USDA|VA) 145 $32,635,000 $225,069 $6,385 6.81%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 93 $27,775,000 $298,656 $6,237 7.02%
Outside of Metro Areas 62 $19,530,000 $315,000 $7,436 7.20%
Ruidoso, NM (FHA|USDA|VA) 68 $16,250,000 $238,971 $6,198 7.18%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 27 $11,325,000 $419,444 $8,186 6.76%
MIDLAND, TX (FHA|USDA|VA) 39 $10,265,000 $263,205 $7,201 6.98%
Sulphur Springs, TX (FHA|USDA|VA) 2 $7,780,000 $3,890,000 $3,784 7.15%
Levelland, TX (FHA|USDA|VA) 30 $6,630,000 $221,000 $6,908 7.07%
Kerrville, TX (FHA|USDA|VA) 1 $6,055,000 $6,055,000 $0 7.49%
WACO, TX (FHA|USDA|VA) 21 $5,925,000 $282,143 $7,070 6.67%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $4,855,000 $4,855,000 $0 8.23%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 23 $4,695,000 $204,130 $9,660 6.42%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 8 $3,030,000 $378,750 $6,814 6.67%
Edwards, CO (FHA|USDA|VA) 1 $2,505,000 $2,505,000 $18,213 7.75%
Mineral Wells, TX (FHA|USDA|VA) 6 $2,380,000 $396,667 $7,725 7.31%
ODESSA, TX (FHA|USDA|VA) 11 $2,055,000 $186,818 $7,498 7.36%
ALBUQUERQUE, NM (FHA|USDA|VA) 3 $1,895,000 $631,667 $8,253 7.42%
Granbury, TX (FHA|USDA|VA) 4 $1,580,000 $395,000 $11,633 6.28%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $1,455,000 $1,455,000 $16,058 6.63%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,445,000 $1,445,000 $0 8.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $1,240,000 $620,000 $25,400 6.31%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $1,125,000 $1,125,000 $8,525 7.38%
Stephenville, TX (FHA|USDA|VA) 6 $1,030,000 $171,667 $4,416 6.92%
AMARILLO, TX (FHA|USDA|VA) 5 $975,000 $195,000 $11,463 8.12%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 4 $870,000 $217,500 $4,504 6.91%
Athens, TX (FHA|USDA|VA) 2 $860,000 $430,000 $9,112 7.25%
Bonham, TX (FHA|USDA|VA) 2 $770,000 $385,000 $12,782 7.13%
TYLER, TX (FHA|USDA|VA) 3 $715,000 $238,333 $4,966 7.17%
SANTA FE, NM (FHA|USDA|VA) 1 $715,000 $715,000 $8,122 7.88%
Plainview, TX (FHA|USDA|VA) 6 $710,000 $118,333 $3,677 7.33%
Brownwood, TX (FHA|USDA|VA) 2 $670,000 $335,000 $6,639 6.44%
GREELEY, CO (FHA|USDA|VA) 1 $595,000 $595,000 $5,692 6.88%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $595,000 $595,000 $11,684 5.38%
WICHITA FALLS, TX (FHA|USDA|VA) 3 $555,000 $185,000 $9,836 7.46%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $550,000 $275,000 $6,339 7.13%
Brenham, TX (FHA|USDA|VA) 2 $540,000 $270,000 $3,315 7.81%
Centralia, WA (FHA|USDA|VA) 1 $535,000 $535,000 $9,272 8.13%
Roswell, NM (FHA|USDA|VA) 1 $525,000 $525,000 $14,464 7.63%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $525,000 $525,000 $10,123 6.75%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $495,000 $495,000 $14,498 6.25%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $455,000 $455,000 $18,387 6.13%
Lamesa, TX (FHA|USDA|VA) 5 $435,000 $87,000 $7,085 7.24%
LAS CRUCES, NM (FHA|USDA|VA) 3 $435,000 $145,000 $4,867 7.79%
Taos, NM (FHA|USDA|VA) 1 $425,000 $425,000 $0 6.90%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $385,000 $385,000 $17,321 5.13%
SAN ANGELO, TX (FHA|USDA|VA) 2 $380,000 $190,000 $10,833 6.66%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $375,000 $375,000 $8,736 7.25%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $370,000 $185,000 $3,820 6.50%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $355,000 $355,000 $7,701 7.38%
Corsicana, TX (FHA|USDA|VA) 1 $355,000 $355,000 $10,521 6.88%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $345,000 $345,000 $11,916 5.88%
Andrews, TX (FHA|USDA|VA) 1 $315,000 $315,000 $18,491 5.63%
MORRISTOWN, TN (FHA|USDA|VA) 1 $285,000 $285,000 $0 7.50%
Gainesville, TX (FHA|USDA|VA) 1 $265,000 $265,000 $4,965 6.63%
Los Alamos, NM (FHA|USDA|VA) 1 $255,000 $255,000 $4,247 7.38%
Alamogordo, NM (FHA|USDA|VA) 2 $250,000 $125,000 $3,712 7.19%
LONGVIEW, TX (FHA|USDA|VA) 2 $250,000 $125,000 $5,725 7.89%
LAFAYETTE, LA (FHA|USDA|VA) 1 $225,000 $225,000 $4,175 7.25%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $225,000 $225,000 $10,921 6.88%
Rockport, TX (FHA|USDA|VA) 1 $215,000 $215,000 $4,874 6.75%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $205,000 $205,000 $5,063 5.50%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $195,000 $195,000 $0 6.13%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $195,000 $195,000 $3,604 6.38%
Cañon City, CO (FHA|USDA|VA) 1 $195,000 $195,000 $0 8.63%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $185,000 $185,000 $5,463 7.00%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $185,000 $185,000 $0 7.50%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $175,000 $175,000 $4,562 7.50%
RACINE, WI (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.38%
Huntsville, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.75%
Durant, OK (FHA|USDA|VA) 1 $145,000 $145,000 $0 7.50%
Alice, TX (FHA|USDA|VA) 1 $145,000 $145,000 $4,620 6.50%
LAWRENCE, KS (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.63%
Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $125,000 $125,000 $5,102 7.50%
Snyder, TX (FHA|USDA|VA) 1 $115,000 $115,000 $6,352 6.75%
Hobbs, NM (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.63%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $85,000 $85,000 $0 8.13%
Sweetwater, TX (FHA|USDA|VA) 1 $75,000 $75,000 $5,777 6.00%
City Bank's top markets include Dallas, Houston, Lubbock, El Paso, and Abilene among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Similar Lenders

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

    EVOLVE
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,215 $450,235,000 $370,564 $6,616 7.13%
    FHA 195 $49,675,000 $254,744 $11,211 6.66%
    VA 122 $40,820,000 $334,590 $8,600 6.29%
    USDA 3 $615,000 $205,000 $7,628 6.13%

    For 2023, City Bank's most frequently originated type of loan was Conventional, with 1,215 originations. Their 2nd most popular type was FHA, with 195 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,343 $496,295,000 $369,542 $8,015 6.93%
    Cash Out Refi 57 $12,905,000 $226,404 $6,287 7.29%
    Home Improvement 49 $5,195,000 $106,020 $1,726 7.92%
    Refi 47 $22,305,000 $474,574 $7,680 7.10%
    Other 39 $4,645,000 $119,103 $2,888 7.70%

    For 2023, City Bank's most frequently cited loan purpose was Home Purchase, with 1,343 originations. The 2nd most popular reason was Cash Out Refi, with 57 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,158 $356,040,000 $307,461 $8,062 6.77%
    1 Year 85 $20,315,000 $239,000 $3,174 8.39%
    15 Year 74 $13,160,000 $177,838 $3,275 7.42%
    5 Year 62 $97,160,000 $1,567,097 $0 7.46%
    20 Year 62 $13,580,000 $219,032 $10,218 7.31%
    Other 60 $31,770,000 $529,500 $1,778 7.86%
    10 Year 25 $4,695,000 $187,800 $7,959 7.89%
    30+ year 9 $4,625,000 $513,889 $10,103 7.18%

    For 2023, City Bank's most frequently cited loan duration was 30 Year, with 1,158 originations. The 2nd most popular length was 1 Year, with 85 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 457 $121,125,000 $265,044
    $5k+ 208 $96,790,000 $465,337
    $2k-3k 207 $60,045,000 $290,072
    $3k-4k 140 $42,320,000 $302,286
    $4k-5k 101 $35,625,000 $352,723
    $<1k 88 $11,000,000 $125,000

    City Bank's average total fees were $8,062, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 457 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 697 $251,665,000 $361,069
    7-8% 511 $202,245,000 $395,783
    5-6% 161 $45,645,000 $283,509
    Over 8% 151 $37,975,000 $251,490
    4-5% 15 $3,815,000 $254,333

    During 2023, City Bank's average interest rate for loans was 6.77%, while their most frequently originated rate bucket for loans was 6-7%, with 697 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 691 $193,985,000 $280,731 $7,999 6.78%
    $100k-200k 428 $65,460,000 $152,944 $5,321 7.19%
    $400k-600k 171 $82,025,000 $479,678 $10,350 6.85%
    $100,000 or less 142 $9,860,000 $69,437 $2,170 7.59%
    $600k-1MM 69 $51,465,000 $745,870 $11,454 7.09%
    $1MM+ 34 $138,550,000 $4,075,000 $14,880 7.30%

    2023 saw City Bank place emphasis on $200k-400k loans with 691 originations, totaling $193,985,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 314 $86,300,000 $274,841 $7,817 6.85%
    $150k-250k 295 $98,865,000 $335,136 $8,120 6.95%
    $50k-75k 235 $46,185,000 $196,532 $6,441 6.69%
    $75k-100k 231 $54,105,000 $234,221 $7,739 6.86%
    $250k+ 189 $96,515,000 $510,661 $8,955 7.20%
    $50k or less 80 $10,300,000 $128,750 $4,907 6.78%

    City Bank lent most frequently to those with incomes in the $100k-150k range, with 314 originations. The second most popular income band? $150k-250k, with 295 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 191 $51,365,000 $268,927 $6,260 6.83%
    30-36% 190 $53,080,000 $279,368 $6,846 6.89%
    50-60% 112 $35,540,000 $317,321 $10,360 6.59%
    39% 79 $24,965,000 $316,013 $6,899 6.98%
    49% 67 $20,225,000 $301,866 $8,158 6.83%
    43% 64 $17,070,000 $266,719 $7,374 6.91%
    42% 61 $22,855,000 $374,672 $8,344 6.85%
    37% 60 $15,690,000 $261,500 $7,361 6.97%
    45% 60 $17,480,000 $291,333 $8,216 6.81%
    47% 55 $16,035,000 $291,545 $8,224 6.90%
    36% 53 $16,125,000 $304,245 $7,550 7.02%
    <20% 51 $20,555,000 $403,039 $7,892 6.91%
    41% 50 $14,420,000 $288,400 $6,958 6.90%
    48% 47 $12,845,000 $273,298 $7,762 6.85%
    46% 42 $10,740,000 $255,714 $6,204 6.98%
    44% 41 $13,495,000 $329,146 $8,096 6.83%
    40% 40 $11,260,000 $281,500 $8,327 6.72%
    38% 36 $10,420,000 $289,444 $7,099 6.74%
    >60% 12 $4,050,000 $337,500 $5,683 7.08%

    City Bank lent most frequently to those with DTI ratios of 20-30%, with 191 originations. The next most common DTI ratio? 30-36%, with 190 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,120 $326,240,000 $291,286 $7,518 6.91%
    Not applicable 173 $145,345,000 $840,145 $0 7.90%
    Not provided 132 $36,010,000 $272,803 $7,272 6.83%
    Black 48 $14,300,000 $297,917 $8,769 6.79%
    Asian 38 $11,000,000 $289,474 $7,709 6.57%
    American Indian 10 $3,650,000 $365,000 $8,100 6.66%
    Asian Indian 5 $2,435,000 $487,000 $8,910 6.78%
    Native Hawaiian or Islander 3 $915,000 $305,000 $13,181 6.27%
    Japanese 1 $525,000 $525,000 $7,534 7.13%
    Other Asian 2 $380,000 $190,000 $6,706 6.38%
    Korean 1 $255,000 $255,000 $12,327 6.63%
    Chinese 1 $195,000 $195,000 $2,045 8.25%
    Filipino 1 $95,000 $95,000 $0 7.50%

    Approval Rates

    Total approvals of all applications
    90.09%

    City Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    65.67%

    City Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,535 $541,345,000 $352,668

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,535 $541,345,000 $352,668

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 88 $14,160,000 $160,909 $3,681 7.24%
    40-60% 174 $138,120,000 $793,793 $6,385 7.11%
    60-80% 416 $137,590,000 $330,745 $7,572 7.22%
    80-100% 785 $239,395,000 $304,962 $8,361 6.80%
    Over 100% 23 $6,895,000 $299,783 $12,957 6.36%
    Under 20% 49 $5,185,000 $105,816 $1,436 7.87%