21st Century Bank Mortgage Rates, Fees & Info
Minneapolis, MNLEI: 549300M3TJGNW53OWQ30
Tax ID: 41-0250430
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
21st Century Bank is a smaller bank specializing in Home Purchase and Refi loans. 21st Century Bank has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Austin, St. Cloud, and Brainerd among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)21st Century Bank 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.
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Originations
35Origination Dollar Volume (All Markets)
$18,965,000Top 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 |
|---|---|---|---|---|---|
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 32 | $14,770,000 | $461,563 | $0 | 0.00% |
| Austin, MN (FHA|USDA|VA) | 1 | $3,335,000 | $3,335,000 | $0 | 0.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 35 | $18,965,000 | $541,857 | $0 | 0.00% |
For 2023, 21st Century Bank's most frequently originated type of loan was Conventional, with 35 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 28 | $14,880,000 | $531,429 | $0 | 0.00% |
| Refi | 6 | $3,980,000 | $663,333 | $0 | 0.00% |
| Home Improvement | 1 | $105,000 | $105,000 | $0 | 0.00% |
For 2023, 21st Century Bank's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 35 | $18,965,000 | $541,857 | $0 | 0.00% |
For 2023, 21st Century Bank's most frequently cited loan duration was Other, with 35 originations.
Loan Sizing
2023 saw 21st Century Bank place emphasis on $200k-400k loans with 13 originations, totaling $3,965,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 2 | $440,000 | $220,000 | $0 | 0.00% |
21st Century Bank lent most frequently to those with incomes in the $250k+ range, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 35 | $18,965,000 | $541,857 | $0 | 0.00% |
21st Century Bank lent most frequently to those with DTI ratios of Exempt%, with 35 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 33 | $18,525,000 | $561,364 | $0 | 0.00% |
| White | 2 | $440,000 | $220,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications94.87%
21st Century Bank has an average approval rate.
Pick Rate
Approvals leading to origination94.29%
21st Century Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 35 | $18,965,000 | $541,857 |