Bank 21 Mortgage Rates, Fees & Info
Blue Springs, MOLEI: 54930047FAIMHXOV3729
Tax ID: 44-0241170
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank 21 is a smaller bank specializing in Home Purchase loans. Bank 21 has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Columbia, Sedalia, Warrensburg, and Marshall among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank 21 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
132Origination Dollar Volume (All Markets)
$20,740,000Top 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 |
|---|---|---|---|---|---|
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 115 | $17,915,000 | $155,783 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $1,325,000 | $1,325,000 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $665,000 | $133,000 | $0 | 0.00% |
| Sedalia, MO (FHA|USDA|VA) | 8 | $470,000 | $58,750 | $0 | 0.00% |
| Warrensburg, MO (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| Marshall, MO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 132 | $20,740,000 | $157,121 | $0 | 0.00% |
For 2018, Bank 21's most frequently originated type of loan was Conventional, with 132 originations.
Loan Reason
For 2018, Bank 21's most frequently cited loan purpose was Home Purchase, with 77 originations. The 2nd most popular reason was Home Improvement, with 40 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 132 | $20,740,000 | $157,121 | $0 | 0.00% |
For 2018, Bank 21's most frequently cited loan duration was Other, with 132 originations.
Loan Sizing
2018 saw Bank 21 place emphasis on $100,000 or less loans with 56 originations, totaling $3,930,000 in origination value.
Applicant Income
Bank 21 lent most frequently to those with incomes in the $150k-250k range, with 5 originations. The second most popular income band? $75k-100k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 132 | $20,740,000 | $157,121 | $0 | 0.00% |
Bank 21 lent most frequently to those with DTI ratios of Exempt%, with 132 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.08%
Bank 21 has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination89.39%
Bank 21 has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 132 | $20,740,000 | $157,121 |