Citadel Servicing Corporation Mortgage Interest Rate and Cost Review

Is Citadel Servicing Corporation a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by Citadel Servicing Corporation with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratehigher than average (+0.36%)
Loan Related Closing Costshigher than average (+$802)
National Rate and Closing Cost Rating(1.5)

On average, Citadel Servicing Corporation’s interest rates were higher than those of other lenders (+0.36%) for a comparable set of borrowers. Its average total loan related closing cost was higher than those of other lenders, with a difference of +$802. Overall, combining interest rates and closing costs we estimate that Citadel Servicing Corporation tends to be an expensive lender, and give it a National Rate and Closing Costs Rating of 1.5 out of 5.0 stars.

Citadel Servicing Corporation’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track Citadel Servicing Corporation was most active in:

  1. Los Angeles, CA
  2. Miami, FL
  3. San Francisco, CA
  4. Phoenix, AZ
  5. Orlando, FL

You can click through to check out Citadel Servicing Corporation’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

Citadel Servicing Corporation’s Rates by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Citadel Servicing Corporation originated Conforming and Jumbo mortgages for new home purchases and refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

New Purchase MortgagesConformingJumbo
Interest Rate Difference+0.28%+0.05%
Loan Related Closing Cost Difference+$621+$63
Cost Adjusted Rate Difference+0.32%+0.05%
Star Rating(2.0)(3.0)
Refinance MortgagesConformingJumbo
Interest Rate Difference+0.44%+0.15%
Loan Related Closing Cost Difference+$997+$314
Cost Adjusted Rate Difference+0.49%+0.16%
Star Rating(1.0)(2.5)

As a summary, Citadel Servicing Corporation is more expensive than other lenders for Conforming and Jumbo purchase mortgages. For refinancing, Citadel Servicing Corporation is more expensive than other lenders for Conforming and Jumbo mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about Citadel Servicing Corporation:

Registered name: Citadel Servicing Corporation
Registered city and state: Irvine, CA, 92618-2830
Regulator: United States Department of Housing and Urban Development (HUD)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Citadel Servicing Corporation’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.