First Citizens Bank Mortgage Rates, Fees & Info

Luverne, AL

LEI: 549300ZX7CMZ93QCZQ91

Tax ID: 63-0789504

Latest/2023 | 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

    First Citizens Bank is a smaller bank specializing in Home Purchase and Refi loans. First Citizens Bank has a high proportion of conventional loans. Their top markets by origination volume include: Troy, Montgomery, Daphne, Crestview, and Mobile among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Citizens Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

    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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    Originations

    94

    Origination Dollar Volume (All Markets)

    $7,300,000

    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
    Outside of Metro Areas 78 $5,310,000 $68,077 $0 0.00%
    Troy, AL (FHA|USDA|VA) 5 $605,000 $121,000 $0 0.00%
    MONTGOMERY, AL (FHA|USDA|VA) 7 $475,000 $67,857 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    MOBILE, AL (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    Ozark, AL (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    First Citizens Bank's top markets include Troy, Montgomery, Daphne, Crestview, and Mobile among others.

    Their top states include:
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 94 $7,300,000 $77,660 $0 0.00%

    For 2023, First Citizens Bank's most frequently originated type of loan was Conventional, with 94 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 40 $3,680,000 $92,000 $0 0.00%
    Refi 27 $2,255,000 $83,519 $0 0.00%
    Other 14 $700,000 $50,000 $0 0.00%
    Home Improvement 13 $665,000 $51,154 $0 0.00%

    For 2023, First Citizens Bank's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Refi, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 94 $7,300,000 $77,660 $0 0.00%

    For 2023, First Citizens Bank's most frequently cited loan duration was Other, with 94 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 70 $3,130,000 $44,714 $0 0.00%
    $100k-200k 18 $2,470,000 $137,222 $0 0.00%
    $200k-400k 5 $1,295,000 $259,000 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2023 saw First Citizens Bank place emphasis on $100,000 or less loans with 70 originations, totaling $3,130,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 31 $1,495,000 $48,226 $0 0.00%
    $50k-75k 16 $900,000 $56,250 $0 0.00%
    $75k-100k 12 $750,000 $62,500 $0 0.00%
    $100k-150k 11 $885,000 $80,455 $0 0.00%
    $150k-250k 4 $710,000 $177,500 $0 0.00%
    $250k+ 2 $510,000 $255,000 $0 0.00%

    First Citizens Bank lent most frequently to those with incomes in the $50k or less range, with 31 originations. The second most popular income band? $50k-75k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 94 $7,300,000 $77,660 $0 0.00%

    First Citizens Bank lent most frequently to those with DTI ratios of Exempt%, with 94 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 65 $4,725,000 $72,692 $0 0.00%
    Not applicable 15 $1,905,000 $127,000 $0 0.00%
    Black 12 $550,000 $45,833 $0 0.00%
    Asian 2 $120,000 $60,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.93%

    First Citizens Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.49%

    First Citizens Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 94 $7,300,000 $77,660

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    94 $7,300,000 $77,660