City Bank Mortgage Rates, Fees & Info
Lubbock, TXLEI: 549300VHBALPLHRR4080
Tax ID: 75-1952906
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, College Station, and El Paso among others. We have data for 107 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.77% | 4/21/24 |
| 30 Year Conventional Refi | 6.64% | 4/21/24 |
| 30 Year Cash-out Refi | 7.00% | 4/21/24 |
| 30 Year FHA Purchase | 7.53% | 4/21/24 |
| 30 Year FHA Refi | 7.38% | 4/21/24 |
| 30 Year VA Purchase | 6.09% | 4/21/24 |
| 30 Year USDA Purchase | 6.96% | 4/21/24 |
| 15 Year Conventional Purchase | 6.34% | 4/21/24 |
| 15 Year Conventional Refi | 6.22% | 4/21/24 |
| 15 Year Cash-out Refi | 6.22% | 4/21/24 |
| 15 Year FHA Purchase | 7.16% | 4/21/24 |
| 15 Year FHA Refi | 5.68% | 4/21/24 |
| 15 Year VA Purchase | 6.05% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,607Origination Dollar Volume (All Markets)
$984,035,000Awards
City Bank - 2022
City Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 676 | $280,760,000 | $415,325 | $8,303 | 4.97% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 153 | $193,065,000 | $1,261,863 | $7,732 | 5.24% |
| LUBBOCK, TX (FHA|USDA|VA) | 513 | $117,855,000 | $229,737 | $5,775 | 5.07% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 146 | $59,820,000 | $409,726 | $6,177 | 5.04% |
| EL PASO, TX (FHA|USDA|VA) | 189 | $52,615,000 | $278,386 | $8,447 | 4.93% |
| ABILENE, TX (FHA|USDA|VA) | 192 | $43,370,000 | $225,885 | $6,882 | 5.14% |
| Outside of Metro Areas | 132 | $36,360,000 | $275,455 | $7,476 | 4.93% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 73 | $33,975,000 | $465,411 | $8,264 | 4.94% |
| MIDLAND, TX (FHA|USDA|VA) | 41 | $21,635,000 | $527,683 | $8,572 | 5.27% |
| Ruidoso, NM (FHA|USDA|VA) | 87 | $20,885,000 | $240,057 | $5,889 | 5.00% |
| WACO, TX (FHA|USDA|VA) | 79 | $20,265,000 | $256,519 | $6,959 | 4.89% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 57 | $12,675,000 | $222,368 | $7,001 | 4.85% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 8 | $10,460,000 | $1,307,500 | $9,252 | 4.41% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 19 | $8,695,000 | $457,632 | $9,062 | 5.57% |
| Levelland, TX (FHA|USDA|VA) | 45 | $6,655,000 | $147,889 | $5,144 | 5.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 6 | $4,440,000 | $740,000 | $7,333 | 4.90% |
| Mineral Wells, TX (FHA|USDA|VA) | 6 | $3,340,000 | $556,667 | $7,361 | 4.85% |
| Alamogordo, NM (FHA|USDA|VA) | 15 | $3,235,000 | $215,667 | $6,638 | 4.85% |
| Granbury, TX (FHA|USDA|VA) | 9 | $2,675,000 | $297,222 | $7,919 | 5.05% |
| LAS CRUCES, NM (FHA|USDA|VA) | 8 | $2,500,000 | $312,500 | $7,324 | 4.66% |
| ODESSA, TX (FHA|USDA|VA) | 12 | $2,490,000 | $207,500 | $6,402 | 5.11% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 4 | $2,020,000 | $505,000 | $13,310 | 4.94% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $1,865,000 | $1,865,000 | $20,490 | 6.75% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 6 | $1,860,000 | $310,000 | $7,754 | 4.31% |
| SANTA FE, NM (FHA|USDA|VA) | 3 | $1,645,000 | $548,333 | $8,356 | 5.46% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $1,605,000 | $1,605,000 | $0 | 5.50% |
| Plainview, TX (FHA|USDA|VA) | 7 | $1,495,000 | $213,571 | $6,095 | 5.52% |
| AMARILLO, TX (FHA|USDA|VA) | 4 | $1,440,000 | $360,000 | $8,051 | 5.53% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $1,385,000 | $1,385,000 | $7,493 | 2.88% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $1,370,000 | $685,000 | $22,973 | 5.00% |
| TYLER, TX (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $5,514 | 4.75% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $1,185,000 | $395,000 | $14,453 | 5.17% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 4 | $1,150,000 | $287,500 | $6,053 | 4.31% |
| Athens, TX (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $9,989 | 4.46% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $3,219 | 5.94% |
| SAN ANGELO, TX (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $7,700 | 4.33% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $5,496 | 4.00% |
| Bonham, TX (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $9,193 | 5.13% |
| Bay City, TX (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $7,256 | 4.50% |
| Brownwood, TX (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $5,212 | 5.38% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $6,699 | 4.56% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $5,509 | 2.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $5,132 | 5.75% |
| Stephenville, TX (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $3,801 | 5.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $10,883 | 4.56% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $4,950 | 6.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $7,654 | 6.13% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $6,877 | 3.88% |
| LAWTON, OK (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,698 | 4.88% |
| Sweetwater, TX (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $4,606 | 5.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $9,140 | 3.63% |
| Palestine, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $5,722 | 6.00% |
| Snyder, TX (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $8,949 | 5.63% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $4,945 | 3.50% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $9,205 | 3.75% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $7,600 | 5.38% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $11,466 | 5.38% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $3,626 | 5.38% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,505 | 3.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,264 | 4.50% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $8,596 | 3.38% |
| El Campo, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 4.25% |
| Ada, OK (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,424 | 3.50% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,906 | 3.50% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $6,639 | 5.44% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $10,786 | 5.38% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,255 | 4.56% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,842 | 3.50% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $8,304 | 5.75% |
| Corsicana, TX (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $6,629 | 4.63% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,001 | 4.25% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,614 | 4.25% |
| VICTORIA, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,514 | 5.31% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,564 | 5.85% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,107 | 6.50% |
| OCALA, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,877 | 5.63% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,993 | 3.75% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,000 | 6.00% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,667 | 4.19% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,059 | 4.25% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,572 | 4.25% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,731 | 5.50% |
| MOBILE, AL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $5,203 | 5.13% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,379 | 5.63% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,199 | 3.75% |
| Dumas, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $12,188 | 6.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,710 | 3.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,686 | 6.13% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,493 | 6.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 3.88% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,349 | 6.00% |
| Pecos, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $11,342 | 4.13% |
| Hobbs, NM (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,206 | 7.63% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,852 | 4.25% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.75% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,742 | 3.50% |
| Hastings, NE (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,221 | 6.88% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.38% |
| Lamesa, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,975 | 3.75% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,610 | 3.25% |
| TULSA, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 6.50% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.88% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.50% |
| GRAND ISLAND, NE (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.50% |
| Garden City, KS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,845 | 3.88% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.60% |
| Defiance, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $5,452 | 6.63% |
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.
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Product Mix
For 2022, City Bank's most frequently originated type of loan was Conventional, with 2,205 originations. Their 2nd most popular type was FHA, with 249 originations.
Loan Reason
For 2022, City Bank's most frequently cited loan purpose was Home Purchase, with 2,058 originations. The 2nd most popular reason was Cash Out Refi, with 235 originations.
Loan Duration/Length
For 2022, City Bank's most frequently cited loan duration was 30 Year, with 1,934 originations. The 2nd most popular length was 15 Year, with 206 originations.
Origination Fees/Closing Costs
City Bank's average total fees were $7,650, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 917 originations.
Interest Rates
During 2022, City Bank's average interest rate for loans was 5.01%, while their most frequently originated rate bucket for loans was 5-6%, with 737 originations.
Loan Sizing
2022 saw City Bank place emphasis on $200k-400k loans with 1,108 originations, totaling $316,810,000 in origination value.
Applicant Income
City Bank lent most frequently to those with incomes in the $100k-150k range, with 604 originations. The second most popular income band? $150k-250k, with 487 originations.
Applicant Debt to Income Ratio
City Bank lent most frequently to those with DTI ratios of 20-30%, with 386 originations. The next most common DTI ratio? 30-36%, with 365 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.82%
City Bank has an average approval rate.
Pick Rate
Approvals leading to origination68.39%
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 | 2,607 | $984,035,000 | $377,459 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CITIBANK, N.A. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| CITIBANK, N.A. | Conventional home mortgage | Struggling to pay mortgage | 1 | 33.3% |
| CITIBANK, N.A. | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |