City Bank Mortgage Rates, Fees & Info
Lubbock, TXLEI: 549300VHBALPLHRR4080
Tax ID: 75-1952906
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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, Lubbock, El Paso, College Station, and Houston among others. We have data for 65 markets. (Some data included below & more in-depth data is available with an active subscription.)City Bank 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. 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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.16% | 4/5/25 |
| 30 Year Conventional Refi | 7.08% | 4/5/25 |
| 30 Year Cash-out Refi | 6.93% | 4/5/25 |
| 30 Year FHA Purchase | 7.37% | 4/5/25 |
| 30 Year FHA Refi | 7.05% | 4/5/25 |
| 30 Year VA Purchase | 6.28% | 4/5/25 |
| 30 Year VA Refi | 6.72% | 4/5/25 |
| 30 Year USDA Purchase | 7.37% | 4/5/25 |
| 15 Year Conventional Purchase | 6.64% | 4/5/25 |
| 15 Year Conventional Refi | 6.00% | 4/5/25 |
| 15 Year Cash-out Refi | 6.00% | 4/5/25 |
| 15 Year VA Purchase | 5.54% | 4/5/25 |
| 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
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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
1,276Origination Dollar Volume (All Markets)
$419,670,000Awards
City Bank - 2024
City Bank is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
City Bank's average 30 year fixed mortgage rate was
6.77%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.22%.
Relative Fees (Closing Costs)
City Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,891.
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 $8,356.
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) | 278 | $118,020,000 | $424,532 | $8,482 | 6.89% |
| LUBBOCK, TX (FHA|USDA|VA) | 275 | $66,165,000 | $240,600 | $5,352 | 7.39% |
| EL PASO, TX (FHA|USDA|VA) | 135 | $37,465,000 | $277,519 | $7,742 | 6.43% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 105 | $32,765,000 | $312,048 | $7,134 | 7.04% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 64 | $27,090,000 | $423,281 | $7,878 | 8.32% |
| Outside of Metro Areas | 74 | $25,260,000 | $341,351 | $7,144 | 7.08% |
| ABILENE, TX (FHA|USDA|VA) | 88 | $22,400,000 | $254,545 | $7,234 | 6.85% |
| MIDLAND, TX (FHA|USDA|VA) | 35 | $13,375,000 | $382,143 | $8,795 | 6.98% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 23 | $10,385,000 | $451,522 | $7,821 | 6.77% |
| Mineral Wells, TX (FHA|USDA|VA) | 6 | $8,990,000 | $1,498,333 | $10,774 | 7.38% |
| Ruidoso, NM (FHA|USDA|VA) | 34 | $8,510,000 | $250,294 | $5,871 | 7.36% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 32 | $7,920,000 | $247,500 | $10,900 | 6.59% |
| Levelland, TX (FHA|USDA|VA) | 27 | $5,995,000 | $222,037 | $5,994 | 7.21% |
| ODESSA, TX (FHA|USDA|VA) | 16 | $4,330,000 | $270,625 | $7,897 | 7.63% |
| Granbury, TX (FHA|USDA|VA) | 6 | $2,680,000 | $446,667 | $7,193 | 7.14% |
| Athens, TX (FHA|USDA|VA) | 4 | $2,220,000 | $555,000 | $12,093 | 6.81% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $1,850,000 | $925,000 | $6,693 | 8.06% |
| SANTA FE, NM (FHA|USDA|VA) | 2 | $1,460,000 | $730,000 | $8,403 | 7.31% |
| Fredericksburg, TX (FHA|USDA|VA) | 2 | $1,430,000 | $715,000 | $0 | 7.60% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 4 | $1,360,000 | $340,000 | $6,211 | 7.04% |
| AMARILLO, TX (FHA|USDA|VA) | 3 | $1,305,000 | $435,000 | $13,395 | 7.74% |
| Stephenville, TX (FHA|USDA|VA) | 2 | $1,190,000 | $595,000 | $11,911 | 6.94% |
| LAS CRUCES, NM (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $6,553 | 6.96% |
| Brenham, TX (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $18,495 | 7.38% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $8,900 | 7.05% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $7,654 | 6.08% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $6,008 | 7.50% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $7,428 | 6.50% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $4,810 | 6.83% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $8,212 | 7.13% |
| Bogalusa, LA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $5,154 | 7.63% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $9,287 | 5.65% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $6,639 | 6.75% |
| Plainview, TX (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $1,325 | 7.71% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $12,402 | 6.75% |
| El Campo, TX (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $10,586 | 7.13% |
| Alamogordo, NM (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $7,453 | 7.38% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $3,866 | 6.50% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $8,125 | 7.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $4,406 | 6.88% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $20,426 | 7.38% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $7,976 | 7.50% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $10,671 | 7.75% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $7,943 | 7.38% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,162 | 6.63% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $11,361 | 6.75% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,948 | 7.00% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $11,287 | 6.13% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,883 | 7.48% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,581 | 6.88% |
| Snyder, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,322 | 7.38% |
| Andrews, TX (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,200 | 7.50% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 6.63% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,139 | 7.38% |
| Sweetwater, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,908 | 7.13% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,229 | 6.13% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,527 | 6.13% |
| Paris, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,801 | 6.88% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,663 | 7.38% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.03% |
| TULSA, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.25% |
| Portales, NM (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.63% |
| Borger, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,897 | 6.75% |
| WACO, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,146 | 9.00% |
| Vernon, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $989 | 9.00% |
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.
Similarity Rank: 16
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Product Mix
For 2024, City Bank's most frequently originated type of loan was Conventional, with 973 originations. Their 2nd most popular type was FHA, with 183 originations.
Loan Reason
For 2024, City Bank's most frequently cited loan purpose was Home Purchase, with 1,110 originations. The 2nd most popular reason was Refi, with 44 originations.
Loan Duration/Length
For 2024, City Bank's most frequently cited loan duration was 30 Year, with 988 originations. The 2nd most popular length was 1 Year, with 72 originations.
Origination Fees/Closing Costs
City Bank's average total fees were $7,891, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 470 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 562 | $177,010,000 | $314,964 |
| 7-8% | 431 | $174,085,000 | $403,910 |
| Over 8% | 150 | $28,960,000 | $193,067 |
| 5-6% | 130 | $38,940,000 | $299,538 |
| 4-5% | 3 | $675,000 | $225,000 |
During 2024, City Bank's average interest rate for loans was 6.77%, while their most frequently originated rate bucket for loans was 6-7%, with 562 originations.
Loan Sizing
2024 saw City Bank place emphasis on $200k-400k loans with 571 originations, totaling $161,065,000 in origination value.
Applicant Income
City Bank lent most frequently to those with incomes in the $100k-150k range, with 265 originations. The second most popular income band? $150k-250k, with 253 originations.
Applicant Debt to Income Ratio
City Bank lent most frequently to those with DTI ratios of 20-30%, with 171 originations. The next most common DTI ratio? 30-36%, with 170 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.68%
City Bank has an average approval rate.
Pick Rate
Approvals leading to origination70.92%
City Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,276 | $419,670,000 | $328,895 |