The Citizens Bank Mortgage Rates, Fees & Info
Farmington, NMLEI: 549300YSNNGTWBX45K83
Tax ID: 85-0021005
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Mortgage Data
Review & Overview
The Citizens Bank is a smaller bank specializing in Home Purchase loans. The Citizens Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top (well, only) market is Farmington.The Citizens 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.
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Originations
78Origination Dollar Volume (All Markets)
$13,740,000Top 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) | 78 | $13,740,000 | $176,154 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 72 | $12,660,000 | $175,833 | $0 | 0.00% |
| FHA | 5 | $645,000 | $129,000 | $0 | 0.00% |
| VA | 1 | $435,000 | $435,000 | $0 | 0.00% |
For 2018, The Citizens Bank's most frequently originated type of loan was Conventional, with 72 originations. Their 2nd most popular type was FHA, with 5 originations.
Loan Reason
For 2018, The Citizens Bank's most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 78 | $13,740,000 | $176,154 | $0 | 0.00% |
For 2018, The Citizens Bank's most frequently cited loan duration was Other, with 78 originations.
Loan Sizing
2018 saw The Citizens Bank place emphasis on $100k-200k loans with 31 originations, totaling $4,465,000 in origination value.
Applicant Income
The Citizens Bank lent most frequently to those with incomes in the $50k or less range, with 19 originations. The second most popular income band? $75k-100k, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 78 | $13,740,000 | $176,154 | $0 | 0.00% |
The Citizens Bank lent most frequently to those with DTI ratios of Exempt%, with 78 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.11%
The Citizens Bank has an average approval rate.
Pick Rate
Approvals leading to origination66.67%
The Citizens 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 |
|---|---|---|---|
| Exempt | 78 | $13,740,000 | $176,154 |