The Citizens Bank Mortgage Rates, Fees & Info

Farmington, NM

LEI: 549300YSNNGTWBX45K83

Tax ID: 85-0021005

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    The Citizens Bank is a smaller bank specializing in Home Purchase loans. The Citizens Bank has a high proportion of conventional loans. Their top (well, only) market is Farmington.

    The Citizens 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.

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    Originations

    60

    Origination Dollar Volume (All Markets)

    $16,010,000

    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
    FARMINGTON, NM (FHA|USDA|VA) 60 $16,010,000 $266,833 $0 0.00%
    The Citizens Bank's top markets include and Farmington among others.

    Their top states include:
  • New Mexico (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 59 $15,675,000 $265,678 $0 0.00%
    VA 1 $335,000 $335,000 $0 0.00%

    For 2024, The Citizens Bank's most frequently originated type of loan was Conventional, with 59 originations. Their 2nd most popular type was VA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 36 $12,380,000 $343,889 $0 0.00%
    Refi 8 $1,560,000 $195,000 $0 0.00%
    Home Improvement 6 $550,000 $91,667 $0 0.00%
    Other 6 $510,000 $85,000 $0 0.00%
    Cash Out Refi 4 $1,010,000 $252,500 $0 0.00%

    For 2024, The Citizens Bank's most frequently cited loan purpose was Home Purchase, with 36 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 60 $16,010,000 $266,833 $0 0.00%

    For 2024, The Citizens Bank's most frequently cited loan duration was Other, with 60 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 18 $5,350,000 $297,222 $0 0.00%
    $100k-200k 17 $2,265,000 $133,235 $0 0.00%
    $100,000 or less 16 $1,160,000 $72,500 $0 0.00%
    $600k-1MM 4 $2,740,000 $685,000 $0 0.00%
    $400k-600k 3 $1,315,000 $438,333 $0 0.00%
    $1MM+ 2 $3,180,000 $1,590,000 $0 0.00%

    2024 saw The Citizens Bank place emphasis on $200k-400k loans with 18 originations, totaling $5,350,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 15 $7,605,000 $507,000 $0 0.00%
    $100k-150k 12 $2,030,000 $169,167 $0 0.00%
    $150k-250k 12 $3,270,000 $272,500 $0 0.00%
    $50k or less 8 $890,000 $111,250 $0 0.00%
    $75k-100k 7 $1,365,000 $195,000 $0 0.00%
    $50k-75k 5 $405,000 $81,000 $0 0.00%

    The Citizens Bank lent most frequently to those with incomes in the $250k+ range, with 15 originations. The second most popular income band? $100k-150k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 60 $16,010,000 $266,833 $0 0.00%

    The Citizens Bank lent most frequently to those with DTI ratios of Exempt%, with 60 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 54 $14,420,000 $267,037 $0 0.00%
    Not provided 2 $690,000 $345,000 $0 0.00%
    Not applicable 1 $445,000 $445,000 $0 0.00%
    Asian 1 $345,000 $345,000 $0 0.00%
    American Indian 2 $110,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.05%

    The Citizens Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.67%

    The Citizens Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 60 $16,010,000 $266,833

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    60 $16,010,000 $266,833