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 and Refi 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
73Origination Dollar Volume (All Markets)
$20,895,000Top 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) | 73 | $20,895,000 | $286,233 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 72 | $20,450,000 | $284,028 | $0 | 0.00% |
| VA | 1 | $445,000 | $445,000 | $0 | 0.00% |
For 2022, The Citizens Bank's most frequently originated type of loan was Conventional, with 72 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2022, The Citizens Bank's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 73 | $20,895,000 | $286,233 | $0 | 0.00% |
For 2022, The Citizens Bank's most frequently cited loan duration was Other, with 73 originations.
Loan Sizing
2022 saw The Citizens Bank place emphasis on $100k-200k loans with 27 originations, totaling $3,595,000 in origination value.
Applicant Income
The Citizens Bank lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $150k-250k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 73 | $20,895,000 | $286,233 | $0 | 0.00% |
The Citizens Bank lent most frequently to those with DTI ratios of Exempt%, with 73 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.22%
The Citizens Bank has a below average approval rate.
Pick Rate
Approvals leading to origination80.82%
The Citizens Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 73 | $20,895,000 | $286,233 |