Bank 21 Mortgage Rates, Fees & Info

Blue Springs, MO

LEI: 54930047FAIMHXOV3729

Tax ID: 44-0241170

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Sedalia, Marshall, and Warrensburg among others. We have data for 5 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 an above average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    94

    Origination Dollar Volume (All Markets)

    $14,450,000

    Top 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) 80 $12,910,000 $161,375 $0 0.00%
    Sedalia, MO (FHA|USDA|VA) 6 $720,000 $120,000 $0 0.00%
    Outside of Metro Areas 6 $390,000 $65,000 $0 0.00%
    Marshall, MO (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
    Warrensburg, MO (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Bank 21's top markets include Kansas City, Sedalia, Marshall, and Warrensburg among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 94 $14,450,000 $153,723 $0 0.00%

    For 2019, Bank 21's most frequently originated type of loan was Conventional, with 94 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 47 $7,575,000 $161,170 $0 0.00%
    Home Improvement 23 $2,715,000 $118,043 $0 0.00%
    Cash Out Refi 19 $2,835,000 $149,211 $0 0.00%
    Refi 4 $1,270,000 $317,500 $0 0.00%
    Other 1 $55,000 $55,000 $0 0.00%

    For 2019, Bank 21's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Home Improvement, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 94 $14,450,000 $153,723 $0 0.00%

    For 2019, Bank 21's most frequently cited loan duration was Other, with 94 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 45 $6,215,000 $138,111 $0 0.00%
    $100,000 or less 29 $1,985,000 $68,448 $0 0.00%
    $200k-400k 16 $4,110,000 $256,875 $0 0.00%
    $400k-600k 3 $1,365,000 $455,000 $0 0.00%
    $600k-1MM 1 $775,000 $775,000 $0 0.00%

    2019 saw Bank 21 place emphasis on $100k-200k loans with 45 originations, totaling $6,215,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 8 $1,620,000 $202,500 $0 0.00%
    $75k-100k 3 $375,000 $125,000 $0 0.00%
    $100k-150k 2 $190,000 $95,000 $0 0.00%
    $50k or less 2 $70,000 $35,000 $0 0.00%
    $150k-250k 1 $165,000 $165,000 $0 0.00%
    $50k-75k 1 $25,000 $25,000 $0 0.00%

    Bank 21 lent most frequently to those with incomes in the $250k+ range, with 8 originations. The second most popular income band? $75k-100k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 94 $14,450,000 $153,723 $0 0.00%

    Bank 21 lent most frequently to those with DTI ratios of Exempt%, with 94 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 74 $11,280,000 $152,432 $0 0.00%
    White 20 $3,170,000 $158,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.51%

    Bank 21 has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.81%

    Bank 21 has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 94 $14,450,000 $153,723

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $2,735,000 $390,714
    Single Family (1-4 Units):Manufactured 2 $110,000 $55,000
    Single Family (1-4 Units):Site-Built 85 $11,605,000 $136,529