Us Century Bank Mortgage Rates, Fees & Info
MIAMI, FLLEI: 254900XT937N1XUKWX63
Tax ID: 52-2371258
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Mortgage Data
Review & Overview
Us Century Bank is a smaller bank specializing in Home Purchase and Refi loans. Us Century Bank has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Tampa, Deltona, Cape Coral, and Jacksonville among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Us Century 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
25Origination Dollar Volume (All Markets)
$30,255,000Top 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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 14 | $18,110,000 | $1,293,571 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $5,925,000 | $846,429 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $3,905,000 | $3,905,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $1,425,000 | $1,425,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 25 | $30,255,000 | $1,210,200 | $0 | 0.00% |
For 2023, Us Century Bank's most frequently originated type of loan was Conventional, with 25 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 19 | $22,235,000 | $1,170,263 | $0 | 0.00% |
| Refi | 5 | $7,585,000 | $1,517,000 | $0 | 0.00% |
| Home Improvement | 1 | $435,000 | $435,000 | $0 | 0.00% |
For 2023, Us Century Bank's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 25 | $30,255,000 | $1,210,200 | $0 | 0.00% |
For 2023, Us Century Bank's most frequently cited loan duration was Other, with 25 originations.
Loan Sizing
2023 saw Us Century Bank place emphasis on $1MM+ loans with 11 originations, totaling $23,635,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 1 | $1,435,000 | $1,435,000 | $0 | 0.00% |
| $50k-75k | 1 | $455,000 | $455,000 | $0 | 0.00% |
Us Century Bank lent most frequently to those with incomes in the $250k+ range, with 1 originations. The second most popular income band? $50k-75k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 25 | $30,255,000 | $1,210,200 | $0 | 0.00% |
Us Century Bank lent most frequently to those with DTI ratios of Exempt%, with 25 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 23 | $28,365,000 | $1,233,261 | $0 | 0.00% |
| White | 2 | $1,890,000 | $945,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications93.33%
Us Century Bank has an average approval rate.
Pick Rate
Approvals leading to origination56.00%
Us Century 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 | 25 | $30,255,000 | $1,210,200 |