21st Century Bank Mortgage Rates, Fees & Info

Minneapolis, MN

LEI: 549300M3TJGNW53OWQ30

Tax ID: 41-0250430

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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

35

Origination Dollar Volume (All Markets)

$18,965,000

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
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%
21st Century Bank's top markets include Minneapolis, Austin, St. Cloud, and Brainerd among others.

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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 13 $3,965,000 $305,000 $0 0.00%
    $100k-200k 7 $1,115,000 $159,286 $0 0.00%
    $100,000 or less 4 $250,000 $62,500 $0 0.00%
    $1MM+ 4 $9,310,000 $2,327,500 $0 0.00%
    $600k-1MM 4 $2,970,000 $742,500 $0 0.00%
    $400k-600k 3 $1,355,000 $451,667 $0 0.00%

    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 applications
    94.87%

    21st Century Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.29%

    21st Century Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 35 $18,965,000 $541,857

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    35 $18,965,000 $541,857