Centennial Bank Mortgage Rates, Fees & Info
Conway, ARLEI: 549300BEFX6JRSCS5N78
Tax ID: 71-0009885
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Mortgage Data
Review & Overview
Centennial Bank is a smaller bank specializing in Home Purchase loans. Centennial Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Fayetteville, Little Rock, Dallas, Houston, and Miami among others. We have data for 101 markets. (Some data included below & more in-depth data is available with an active subscription.)Centennial Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Centennial Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 8.08% | 4/5/25 |
| 30 Year Conventional Purchase | 7.08% | 4/5/25 |
| 30 Year Conventional Refi | 6.98% | 4/5/25 |
| 30 Year Cash-out Refi | 7.31% | 4/5/25 |
| 30 Year FHA Purchase | 7.30% | 4/5/25 |
| 30 Year FHA Refi | 7.75% | 4/5/25 |
| 30 Year VA Purchase | 6.45% | 4/5/25 |
| 30 Year VA Refi | 6.28% | 4/5/25 |
| 30 Year USDA Purchase | 7.00% | 4/5/25 |
| 15 Year Conventional Purchase | 6.19% | 4/5/25 |
| 15 Year Conventional Refi | 6.03% | 4/5/25 |
| 15 Year Cash-out Refi | 6.03% | 4/5/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Centennial Bank Mortgage Calculator
Your Estimates
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This is not an official calculator from Centennial Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,631Origination Dollar Volume (All Markets)
$856,735,000Awards
Centennial Bank - 2024
Centennial Bank is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Centennial Bank's average 30 year fixed mortgage rate was
6.68%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.13%.
Relative Fees (Closing Costs)
Centennial Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,700.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 497 | $162,245,000 | $326,449 | $6,489 | 6.70% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 406 | $88,150,000 | $217,118 | $5,302 | 7.36% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 226 | $74,900,000 | $331,416 | $7,139 | 7.10% |
| Outside of Metro Areas | 236 | $58,490,000 | $247,839 | $6,429 | 7.28% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 75 | $47,715,000 | $636,200 | $10,077 | 7.19% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 37 | $40,795,000 | $1,102,568 | $11,254 | 7.26% |
| PANAMA CITY, FL (FHA|USDA|VA) | 110 | $38,100,000 | $346,364 | $7,938 | 6.39% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 47 | $35,905,000 | $763,936 | $11,646 | 7.22% |
| AMARILLO, TX (FHA|USDA|VA) | 125 | $29,685,000 | $237,480 | $6,128 | 6.99% |
| Key West, FL (FHA|USDA|VA) | 38 | $28,610,000 | $752,895 | $10,773 | 7.36% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 46 | $27,470,000 | $597,174 | $9,451 | 6.36% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 42 | $19,450,000 | $463,095 | $8,739 | 6.85% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 26 | $17,920,000 | $689,231 | $9,949 | 7.48% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 47 | $14,055,000 | $299,043 | $7,510 | 8.02% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 28 | $13,090,000 | $467,500 | $7,181 | 7.27% |
| LUBBOCK, TX (FHA|USDA|VA) | 51 | $12,575,000 | $246,569 | $6,400 | 7.11% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 18 | $12,140,000 | $674,444 | $9,582 | 7.81% |
| JONESBORO, AR (FHA|USDA|VA) | 73 | $10,855,000 | $148,699 | $4,889 | 7.29% |
| Kerrville, TX (FHA|USDA|VA) | 27 | $10,845,000 | $401,667 | $6,857 | 6.54% |
| Russellville, AR (FHA|USDA|VA) | 76 | $10,840,000 | $142,632 | $4,353 | 7.36% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 56 | $10,080,000 | $180,000 | $7,744 | 5.48% |
| Huntsville, TX (FHA|USDA|VA) | 11 | $8,085,000 | $735,000 | $10,554 | 7.43% |
| Searcy, AR (FHA|USDA|VA) | 46 | $7,440,000 | $161,739 | $5,298 | 7.53% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 19 | $6,635,000 | $349,211 | $11,275 | 6.58% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 20 | $6,580,000 | $329,000 | $4,224 | 7.88% |
| ALBANY, GA (FHA|USDA|VA) | 2 | $4,920,000 | $2,460,000 | $0 | 8.09% |
| Fredericksburg, TX (FHA|USDA|VA) | 4 | $4,120,000 | $1,030,000 | $10,950 | 7.31% |
| Paragould, AR (FHA|USDA|VA) | 26 | $3,250,000 | $125,000 | $4,160 | 7.50% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 7 | $3,245,000 | $463,571 | $9,380 | 7.80% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 18 | $2,950,000 | $163,889 | $5,350 | 6.87% |
| Batesville, AR (FHA|USDA|VA) | 19 | $2,845,000 | $149,737 | $4,255 | 8.05% |
| Wauchula, FL (FHA|USDA|VA) | 3 | $2,775,000 | $925,000 | $7,797 | 8.21% |
| Dumas, TX (FHA|USDA|VA) | 15 | $1,975,000 | $131,667 | $5,706 | 6.30% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $1,940,000 | $485,000 | $6,171 | 8.06% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 6 | $1,750,000 | $291,667 | $6,618 | 8.13% |
| DOTHAN, AL (FHA|USDA|VA) | 2 | $1,660,000 | $830,000 | $4,860 | 7.30% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 6 | $1,380,000 | $230,000 | $7,482 | 5.90% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $1,360,000 | $680,000 | $8,005 | 7.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 5 | $1,355,000 | $271,000 | $15,008 | 7.58% |
| Borger, TX (FHA|USDA|VA) | 12 | $1,280,000 | $106,667 | $4,485 | 7.15% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $1,160,000 | $580,000 | $7,420 | 8.25% |
| Mountain Home, AR (FHA|USDA|VA) | 12 | $1,150,000 | $95,833 | $4,472 | 8.05% |
| WACO, TX (FHA|USDA|VA) | 1 | $1,065,000 | $1,065,000 | $13,536 | 7.13% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $9,218 | 7.19% |
| PINE BLUFF, AR (FHA|USDA|VA) | 6 | $890,000 | $148,333 | $4,319 | 7.25% |
| MOBILE, AL (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $0 | 9.00% |
| Plainview, TX (FHA|USDA|VA) | 8 | $780,000 | $97,500 | $5,094 | 6.55% |
| TULSA, OK (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $4,909 | 7.13% |
| Levelland, TX (FHA|USDA|VA) | 5 | $715,000 | $143,000 | $4,725 | 8.68% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $6,810 | 7.19% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $10,100 | 7.38% |
| Blytheville, AR (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $3,686 | 7.88% |
| JOPLIN, MO (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $5,949 | 6.46% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $2,571 | 6.63% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $9,471 | 7.13% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $4,989 | 7.00% |
| ABILENE, TX (FHA|USDA|VA) | 4 | $560,000 | $140,000 | $8,192 | 5.34% |
| Mineral Wells, TX (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $5,938 | 8.44% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $4,928 | 6.63% |
| Brenham, TX (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $11,530 | 6.88% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $10,183 | 4.50% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $10,159 | 6.50% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $7,409 | 7.69% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $12,320 | 5.75% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 8.55% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 9.50% |
| Bonham, TX (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $7,757 | 7.50% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,500 | 6.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $5,978 | 6.75% |
| Granbury, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $7,094 | 6.63% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $10,182 | 7.38% |
| TYLER, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,267 | 6.63% |
| Shelby, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $11,295 | 6.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $5,758 | 7.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,454 | 7.50% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $8,559 | 7.13% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $11,585 | 7.25% |
| OCALA, FL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,090 | 6.31% |
| Warrensburg, MO (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,238 | 6.88% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,903 | 6.50% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $11,519 | 8.13% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,909 | 6.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,567 | 6.75% |
| Muskogee, OK (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,156 | 6.25% |
| Malvern, AR (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,015 | 8.00% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,489 | 7.38% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $12,698 | 6.13% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,511 | 5.63% |
| Hereford, TX (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $4,875 | 8.69% |
| Poplar Bluff, MO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,448 | 5.25% |
| Rockport, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,572 | 7.63% |
| Miami, OK (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,756 | 6.63% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,842 | 6.38% |
| MONROE, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $12,710 | 5.88% |
| Lamesa, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,749 | 7.75% |
| Pampa, TX (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $2,388 | 6.92% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,981 | 6.13% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.88% |
| Harrison, AR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,073 | 6.88% |
| Arkadelphia, AR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,304 | 6.50% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 8.13% |
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Product Mix
For 2024, Centennial Bank's most frequently originated type of loan was Conventional, with 1,864 originations. Their 2nd most popular type was FHA, with 338 originations.
Loan Reason
For 2024, Centennial Bank's most frequently cited loan purpose was Home Purchase, with 2,146 originations. The 2nd most popular reason was Home Improvement, with 178 originations.
Loan Duration/Length
For 2024, Centennial Bank's most frequently cited loan duration was 30 Year, with 1,800 originations. The 2nd most popular length was 20 Year, with 233 originations.
Origination Fees/Closing Costs
Centennial Bank's average total fees were $6,700, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,202 originations.
Interest Rates
During 2024, Centennial Bank's average interest rate for loans was 6.68%, while their most frequently originated rate bucket for loans was 6-7%, with 1,071 originations.
Loan Sizing
2024 saw Centennial Bank place emphasis on $200k-400k loans with 1,008 originations, totaling $283,360,000 in origination value.
Applicant Income
Centennial Bank lent most frequently to those with incomes in the $50k-75k range, with 527 originations. The second most popular income band? $100k-150k, with 505 originations.
Applicant Debt to Income Ratio
Centennial Bank lent most frequently to those with DTI ratios of 20-30%, with 384 originations. The next most common DTI ratio? 30-36%, with 368 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.33%
Centennial Bank has a below average approval rate.
Pick Rate
Approvals leading to origination66.02%
Centennial Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,631 | $856,735,000 | $325,631 |