# First-Citizens Bank & Trust Company

> **Canonical URL:** https://saferate.com/lenders/first-citizens-bank-trust


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


First-Citizens Bank & Trust Company is a bank, headquartered in Raleigh, NC, serving borrowers across 39 states, with 4,619 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 40% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 38% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** L9VVX1KT5TFTKS0MLF66
- **Headquarters:** Raleigh, NC
- **Geographic Reach:** Near-National
- **States Served:** 39
- **State List:** AL, AZ, CA, CO, CT, DC, FL, GA, HI, ID, IL, KS, MA, MD, MI, MN, MO, MT, NC, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, WV
- **Markets (MSAs):** 50
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 95.4%
- **Brokered/Wholesale:** 4.6%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 60/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 62/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.040%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,083
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 4,619
- **Dollar Volume:** $2.7 billion
- **Applications Received:** 6,974
- **Market Share:** 13.00%

## Typical Borrower Profile

- **Average Loan Amount:** $582,603
- **Average Borrower Income:** $296,377
- **Average Property Value:** $829,854

## Safe Rate Awards 🏆

- ⭐ **FHA Gold Superstar** (71%)
- ⭐ **VA Gold Superstar** (71%)
- ⭐ **Jumbo Gold Superstar** (77%)
- ⭐ **Purchase Gold Superstar** (64%)
- ⭐ **Refinance Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 79/100 | 3,279 | +0.026% | $1,279 | Strong 😀 |
| FHA | 72/100 | 324 | -0.281% | $-230 | Strong 😀 |
| VA | 66/100 | 63 | -0.771% | $930 | Strong 😀 |
| Jumbo | 93/100 | 934 | -0.168% | $791 | Exceptional 🤩 |
| USDA | 74/100 | 19 | -0.139% | $1,138 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 2,583 loans, Score: 77/100 (Strong)
- Refinance: 696 loans, Score: 81/100 (Exceptional)

**FHA:**
- Purchase: 300 loans, Score: 72/100 (Strong)
- Refinance: 24 loans, Score: 69/100 (Strong)

**VA:**
- Purchase: 58 loans, Score: 66/100 (Strong)

**Jumbo:**
- Purchase: 818 loans, Score: 93/100 (Exceptional)
- Refinance: 116 loans, Score: 88/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 78/100 | 3,778 | $2.3B | -0.047% | Strong 😀 |
| Refinance | 79/100 | 841 | $357M | -0.011% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NC | 1,922 | 1.30% | 87/100 |
| SC | 1,145 | 1.43% | 92/100 |
| CA | 660 | 0.23% | 72/100 |
| VA | 165 | 0.15% | 65/100 |
| GA | 130 | 0.09% | 60/100 |
| FL | 117 | 0.04% | 54/100 |
| MA | 96 | 0.16% | 59/100 |
| TN | 48 | 0.05% | 51/100 |
| TX | 40 | 0.01% | 43/100 |
| NY | 39 | 0.03% | 49/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 803 | 75/100 |
| Raleigh | NC | 363 | 84/100 |
| Charlotte | NC-SC | 267 | 77/100 |
| Charleston | SC | 249 | 86/100 |
| Columbia, SC | SC | 240 | 85/100 |
| Los Angeles | CA | 172 | 68/100 |
| Wilmington, NC | NC | 168 | 84/100 |
| Greenville | SC | 155 | 79/100 |
| San Francisco | CA | 146 | 79/100 |
| Durham | NC | 136 | 79/100 |
| Riverside | CA | 136 | 65/100 |
| Asheville, NC | NC | 107 | 80/100 |
| Greensboro | NC | 90 | 69/100 |
| Winston | NC | 84 | 70/100 |
| Spartanburg, SC | SC | 78 | 73/100 |

## Where This Lender Ranks

First-Citizens Bank & Trust Company appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in South Carolina Banks
  - [View Full Rankings](https://saferate.com/south-carolina/best-mortgage-lenders/banks)
- 🥇 **#1** in South Carolina for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-carolina/best-mortgage-lenders/banks/usda-loans)
- 🥇 **#1** in Charleston Banks
  - [View Full Rankings](https://saferate.com/charleston/best-mortgage-lenders/banks)
- 🥇 **#1** in Charleston for Jumbo Loans
  - [View Full Rankings](https://saferate.com/charleston/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in Charleston for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/charleston/best-mortgage-lenders/banks/jumbo-loans)
- 🥇 **#1** in Columbia, SC for Jumbo Loans
  - [View Full Rankings](https://saferate.com/columbia-sc/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in Columbia, SC for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/columbia-sc/best-mortgage-lenders/banks/jumbo-loans)
- 🥇 **#1** in Wilmington, NC for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/wilmington-nc/best-mortgage-lenders/banks/jumbo-loans)
- 🥇 **#1** in Durham for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/durham/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Asheville, NC for Jumbo Loans
  - [View Full Rankings](https://saferate.com/asheville-nc/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in Asheville, NC for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/asheville-nc/best-mortgage-lenders/banks/jumbo-loans)
- 🥇 **#1** in Spartanburg, SC Banks
  - [View Full Rankings](https://saferate.com/spartanburg-sc/best-mortgage-lenders/banks)
- 🥇 **#1** in Hickory for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/hickory/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Fayetteville, NC Banks
  - [View Full Rankings](https://saferate.com/fayetteville-nc/best-mortgage-lenders/banks)
- 🥇 **#1** in Pinehurst for Jumbo Loans
  - [View Full Rankings](https://saferate.com/pinehurst/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in Pinehurst for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/pinehurst/best-mortgage-lenders/banks/jumbo-loans)
- 🥇 **#1** in Greenville, NC for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/greenville-nc/best-mortgage-lenders/banks/jumbo-loans)
- 🥇 **#1** in Jacksonville, NC Banks
  - [View Full Rankings](https://saferate.com/jacksonville-nc/best-mortgage-lenders/banks)
- 🥇 **#1** in Jacksonville, NC for Jumbo Loans
  - [View Full Rankings](https://saferate.com/jacksonville-nc/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in Jacksonville, NC for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/jacksonville-nc/best-mortgage-lenders/banks/jumbo-loans)

## Frequently Asked Questions

### What loan types does First-Citizens Bank & Trust Company offer?

First-Citizens Bank & Trust Company offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does First-Citizens Bank & Trust Company offer mortgages?

First-Citizens Bank & Trust Company offers mortgages in 39 states: AL, AZ, CA, CO, CT, DC, FL, GA, HI, ID, IL, KS, MA, MD, MI, MN, MO, MT, NC, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, WV.

### How competitive are First-Citizens Bank & Trust Company's mortgage rates?

First-Citizens Bank & Trust Company has a pricing score of 60/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.040% below market average.

### What type of lender is First-Citizens Bank & Trust Company?

First-Citizens Bank & Trust Company is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Raleigh, NC.

### What is First-Citizens Bank & Trust Company's loan approval success rate?

First-Citizens Bank & Trust Company has a pull-through score of 62/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/first-citizens-bank-trust

### How to Cite

> "First-Citizens Bank & Trust Company Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/first-citizens-bank-trust

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