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 loans. Us Century Bank has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Orlando, and Tallahassee among others. We have data for 3 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
34Origination Dollar Volume (All Markets)
$34,520,000Top 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) | 32 | $33,450,000 | $1,045,313 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 34 | $34,520,000 | $1,015,294 | $0 | 0.00% |
For 2019, Us Century Bank's most frequently originated type of loan was Conventional, with 34 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 26 | $29,600,000 | $1,138,462 | $0 | 0.00% |
| Refi | 7 | $4,865,000 | $695,000 | $0 | 0.00% |
| Home Improvement | 1 | $55,000 | $55,000 | $0 | 0.00% |
For 2019, Us Century Bank's most frequently cited loan purpose was Home Purchase, with 26 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 34 | $34,520,000 | $1,015,294 | $0 | 0.00% |
For 2019, Us Century Bank's most frequently cited loan duration was Other, with 34 originations.
Loan Sizing
2019 saw Us Century Bank place emphasis on $1MM+ loans with 13 originations, totaling $23,655,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 2 | $160,000 | $80,000 | $0 | 0.00% |
| $150k-250k | 1 | $475,000 | $475,000 | $0 | 0.00% |
| $250k+ | 1 | $335,000 | $335,000 | $0 | 0.00% |
Us Century Bank lent most frequently to those with incomes in the $50k or less range, with 2 originations. The second most popular income band? $150k-250k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 34 | $34,520,000 | $1,015,294 | $0 | 0.00% |
Us Century Bank lent most frequently to those with DTI ratios of Exempt%, with 34 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Us Century Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination79.41%
Us Century Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 34 | $34,520,000 | $1,015,294 |