Citizens Bank Of Lafayette Mortgage Rates, Fees & InfoLafayette, TN
Tax ID: 62-0123135
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewCitizens Bank Of Lafayette is a smaller bank specializing in Refi, Other, and Home Purchase loans. Citizens Bank Of Lafayette has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Cookeville, Tullahoma, Shelbyville, and Bowling Green among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)
Citizens Bank Of Lafayette 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. Citizens Bank Of Lafayette 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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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.71%||9/25/23|
|30 Year Conventional Purchase||7.15%||9/25/23|
|30 Year Conventional Refi||6.60%||9/25/23|
|15 Year Conventional Purchase||5.56%||9/25/23|
|15 Year Conventional Refi||5.88%||9/25/23|
|15 Year Cash-out Refi||5.88%||9/25/23|
|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.|
Citizens Bank Of Lafayette Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$178,735,000
Citizens Bank Of Lafayette's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 1.65%.
Relative Fees (Closing Costs)
Citizens Bank Of Lafayette's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,635.
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 $4,750.
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|
|NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA)||429||$79,775,000||$185,956||$2,110||4.71%|
|Cookeville, TN (FHA|USDA|VA)||290||$49,580,000||$170,966||$2,008||4.41%|
|Tullahoma-Manchester, TN (FHA|USDA|VA)||99||$17,305,000||$174,798||$1,651||4.37%|
|Outside of Metro Areas||146||$16,630,000||$113,904||$1,650||4.90%|
|Shelbyville, TN (FHA|USDA|VA)||30||$7,500,000||$250,000||$10,509||3.97%|
|BOWLING GREEN, KY (FHA|USDA|VA)||15||$1,645,000||$109,667||$1,540||5.15%|
|HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA)||1||$1,045,000||$1,045,000||$0||3.75%|
|Crossville, TN (FHA|USDA|VA)||5||$955,000||$191,000||$2,587||4.81%|
|CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA)||2||$840,000||$420,000||$7,752||4.13%|
|Sevierville, TN (FHA|USDA|VA)||1||$655,000||$655,000||$0||4.75%|
|CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA)||1||$485,000||$485,000||$0||3.75%|
|ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)||1||$445,000||$445,000||$0||7.95%|
|JACKSON, TN (FHA|USDA|VA)||1||$405,000||$405,000||$0||6.25%|
|Oxford, MS (FHA|USDA|VA)||1||$305,000||$305,000||$3,088||4.80%|
|JOHNSON CITY, TN (FHA|USDA|VA)||1||$285,000||$285,000||$3,812||4.15%|
|CHATTANOOGA, TN-GA (FHA|USDA|VA)||1||$265,000||$265,000||$0||4.90%|
|KNOXVILLE, TN (FHA|USDA|VA)||1||$225,000||$225,000||$4,490||4.30%|
|Arcadia, FL (FHA|USDA|VA)||1||$185,000||$185,000||$2,907||3.50%|
|GREENVILLE-ANDERSON, SC (FHA|USDA|VA)||1||$105,000||$105,000||$2,528||4.20%|
|COLUMBIA, SC (FHA|USDA|VA)||1||$75,000||$75,000||$0||6.25%|
|McMinnville, TN (FHA|USDA|VA)||1||$25,000||$25,000||$0||6.50%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Citizens Bank Of Lafayette's most frequently originated type of loan was Conventional, with 541 originations. Their 2nd most popular type was HELOC, with 488 originations.
For 2022, Citizens Bank Of Lafayette's most frequently cited loan purpose was Refi, with 394 originations. The 2nd most popular reason was Other, with 332 originations.
For 2022, Citizens Bank Of Lafayette's most frequently cited loan duration was 5 Year, with 475 originations. The 2nd most popular length was 15 Year, with 198 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Citizens Bank Of Lafayette's average total fees were $3,635, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 251 originations.
During 2022, Citizens Bank Of Lafayette's average interest rate for loans was 6.41%, while their most frequently originated rate bucket for loans was 4-5%, with 268 originations.
2022 saw Citizens Bank Of Lafayette place emphasis on $100,000 or less loans with 481 originations, totaling $25,425,000 in origination value.
Citizens Bank Of Lafayette lent most frequently to those with incomes in the $50k or less range, with 216 originations. The second most popular income band? $50k-75k, with 189 originations.
Applicant Debt to Income Ratio
Citizens Bank Of Lafayette lent most frequently to those with DTI ratios of 20-30%, with 242 originations. The next most common DTI ratio? <20%, with 229 originations.
Approval RatesTotal approvals of all applications
Citizens Bank Of Lafayette has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Citizens Bank Of Lafayette has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|CITIZENS FINANCIAL GROUP, INC.||Conventional home mortgage||Closing on a mortgage||1||10.0%|
|CITIZENS FINANCIAL GROUP, INC.||Conventional home mortgage||Struggling to pay mortgage||3||30.0%|
|CITIZENS FINANCIAL GROUP, INC.||Conventional home mortgage||Trouble during payment process||4||40.0%|
|CITIZENS FINANCIAL GROUP, INC.||Home equity loan or line of credit (HELOC)||Trouble during payment process||1||10.0%|
|CITIZENS FINANCIAL GROUP, INC.||VA mortgage||Trouble during payment process||1||10.0%|