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 small 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: Little Rock, Dallas, Miami, Amarillo, and Fayetteville among others. We have data for 129 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 an average 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 9/1/24 |
| 30 Year Conventional Purchase | 6.88% | 9/1/24 |
| 30 Year Conventional Refi | 6.88% | 9/1/24 |
| 30 Year Cash-out Refi | 7.10% | 9/1/24 |
| 30 Year FHA Purchase | 7.38% | 9/1/24 |
| 30 Year FHA Refi | 7.11% | 9/1/24 |
| 30 Year VA Purchase | 6.24% | 9/1/24 |
| 30 Year VA Refi | 6.27% | 9/1/24 |
| 30 Year USDA Purchase | 6.86% | 9/1/24 |
| 15 Year Conventional Purchase | 6.32% | 9/1/24 |
| 15 Year Conventional Refi | 6.27% | 9/1/24 |
| 15 Year Cash-out Refi | 6.27% | 9/1/24 |
| 15 Year FHA Purchase | 5.68% | 9/1/24 |
| 15 Year VA Purchase | 5.70% | 9/1/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,549Origination Dollar Volume (All Markets)
$1,320,245,000Awards
Centennial Bank - 2022
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For 2022, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 639 | $166,325,000 | $260,290 | $4,852 | 5.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 175 | $137,015,000 | $782,943 | $6,301 | 4.94% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 66 | $120,790,000 | $1,830,152 | $8,185 | 4.95% |
| AMARILLO, TX (FHA|USDA|VA) | 344 | $94,990,000 | $276,134 | $5,564 | 5.02% |
| Outside of Metro Areas | 323 | $73,375,000 | $227,167 | $5,488 | 4.87% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 274 | $65,630,000 | $239,526 | $4,748 | 5.19% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $62,980,000 | $31,490,000 | $0 | 5.11% |
| PANAMA CITY, FL (FHA|USDA|VA) | 206 | $62,940,000 | $305,534 | $6,806 | 4.44% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 17 | $56,465,000 | $3,321,471 | $10,440 | 5.03% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 120 | $53,100,000 | $442,500 | $7,724 | 4.75% |
| Key West, FL (FHA|USDA|VA) | 69 | $43,155,000 | $625,435 | $8,579 | 4.65% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 72 | $34,700,000 | $481,944 | $10,010 | 4.54% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 58 | $27,500,000 | $474,138 | $6,993 | 4.45% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 85 | $27,105,000 | $318,882 | $6,111 | 5.10% |
| LUBBOCK, TX (FHA|USDA|VA) | 105 | $23,295,000 | $221,857 | $5,565 | 4.87% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 40 | $17,720,000 | $443,000 | $5,706 | 4.86% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 102 | $17,170,000 | $168,333 | $6,486 | 4.17% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 15 | $14,615,000 | $974,333 | $9,779 | 5.53% |
| JONESBORO, AR (FHA|USDA|VA) | 80 | $14,080,000 | $176,000 | $4,477 | 5.16% |
| Kerrville, TX (FHA|USDA|VA) | 28 | $13,120,000 | $468,571 | $6,059 | 4.51% |
| MIDLAND, TX (FHA|USDA|VA) | 4 | $12,870,000 | $3,217,500 | $5,597 | 4.72% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 36 | $12,550,000 | $348,611 | $7,665 | 4.83% |
| Russellville, AR (FHA|USDA|VA) | 86 | $11,400,000 | $132,558 | $4,074 | 5.21% |
| Searcy, AR (FHA|USDA|VA) | 64 | $10,960,000 | $171,250 | $4,311 | 5.24% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 10 | $10,210,000 | $1,021,000 | $8,428 | 4.74% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 27 | $8,755,000 | $324,259 | $5,192 | 5.12% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 51 | $7,515,000 | $147,353 | $3,729 | 5.39% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 19 | $7,275,000 | $382,895 | $5,597 | 4.88% |
| Pampa, TX (FHA|USDA|VA) | 19 | $5,995,000 | $315,526 | $3,303 | 5.89% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 10 | $5,960,000 | $596,000 | $4,864 | 5.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 16 | $5,220,000 | $326,250 | $6,377 | 5.33% |
| Batesville, AR (FHA|USDA|VA) | 34 | $5,200,000 | $152,941 | $3,772 | 4.94% |
| WACO, TX (FHA|USDA|VA) | 1 | $5,045,000 | $5,045,000 | $0 | 4.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 15 | $4,805,000 | $320,333 | $4,844 | 5.38% |
| Paragould, AR (FHA|USDA|VA) | 35 | $4,495,000 | $128,429 | $3,871 | 4.83% |
| Fredericksburg, TX (FHA|USDA|VA) | 8 | $4,290,000 | $536,250 | $6,528 | 4.41% |
| Borger, TX (FHA|USDA|VA) | 36 | $4,100,000 | $113,889 | $4,756 | 5.55% |
| PINE BLUFF, AR (FHA|USDA|VA) | 27 | $3,655,000 | $135,370 | $4,461 | 4.98% |
| Granbury, TX (FHA|USDA|VA) | 7 | $3,215,000 | $459,286 | $7,037 | 4.18% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $3,035,000 | $3,035,000 | $0 | 0.00% |
| ABILENE, TX (FHA|USDA|VA) | 17 | $2,445,000 | $143,824 | $4,207 | 4.87% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $2,405,000 | $2,405,000 | $11,035 | 4.00% |
| Dumas, TX (FHA|USDA|VA) | 17 | $2,375,000 | $139,706 | $4,763 | 5.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 7 | $2,165,000 | $309,286 | $6,625 | 4.71% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 7 | $1,915,000 | $273,571 | $6,099 | 5.22% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $1,790,000 | $298,333 | $6,170 | 4.10% |
| Plainview, TX (FHA|USDA|VA) | 17 | $1,755,000 | $103,235 | $3,653 | 4.99% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $1,660,000 | $276,667 | $7,633 | 5.58% |
| SAN ANGELO, TX (FHA|USDA|VA) | 3 | $1,655,000 | $551,667 | $0 | 5.41% |
| Mountain Home, AR (FHA|USDA|VA) | 13 | $1,505,000 | $115,769 | $2,502 | 5.59% |
| Bonham, TX (FHA|USDA|VA) | 1 | $1,355,000 | $1,355,000 | $0 | 5.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $3,621 | 6.00% |
| Durango, CO (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $6,317 | 3.88% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $1,130,000 | $565,000 | $5,119 | 3.75% |
| DOTHAN, AL (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $2,670 | 5.10% |
| Stephenville, TX (FHA|USDA|VA) | 2 | $1,110,000 | $555,000 | $3,716 | 4.38% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 5.79% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $4,293 | 5.04% |
| Athens, TX (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $12,537 | 5.63% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $2,301 | 3.81% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $9,117 | 5.73% |
| MOBILE, AL (FHA|USDA|VA) | 7 | $875,000 | $125,000 | $2,767 | 6.29% |
| Mineral Wells, TX (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $3,480 | 4.88% |
| OCALA, FL (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $4,382 | 4.30% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $8,830 | 5.25% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $15,173 | 4.13% |
| Adrian, MI (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $6,130 | 5.19% |
| Hereford, TX (FHA|USDA|VA) | 5 | $715,000 | $143,000 | $6,079 | 3.28% |
| Snyder, TX (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $7,502 | 5.38% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $5,155 | 3.88% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $2,872 | 4.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $11,534 | 5.50% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $4,809 | 6.81% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $5,405 | 6.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 4.50% |
| TYLER, TX (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $4,550 | 4.88% |
| Andrews, TX (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 5.50% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $5,761 | 4.88% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $8,798 | 4.50% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $19,538 | 3.25% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,218 | 5.13% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,995 | 4.25% |
| TULSA, OK (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $6,531 | 4.31% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $2,367 | 4.53% |
| CHEYENNE, WY (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,747 | 4.88% |
| MONROE, LA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,400 | 4.75% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $28,055 | 5.13% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $8,589 | 5.69% |
| Atmore, AL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 6.72% |
| Levelland, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,527 | 3.00% |
| Malvern, AR (FHA|USDA|VA) | 5 | $415,000 | $83,000 | $2,856 | 6.10% |
| West Plains, MO (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,707 | 4.50% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,262 | 3.88% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,778 | 6.50% |
| Helena-West Helena, AR (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $3,073 | 4.06% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $15,725 | 5.50% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,342 | 3.25% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $9,465 | 4.75% |
| Gloversville, NY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,948 | 2.50% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,490 | 5.13% |
| Lamesa, TX (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,931 | 3.44% |
| Gainesville, TX (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 6.13% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,680 | 5.38% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,077 | 4.63% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,906 | 3.38% |
| London, KY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,694 | 3.13% |
| Cullman, AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $13,837 | 4.75% |
| Ruston, LA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,930 | 5.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,328 | 7.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,438 | 4.75% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 4.50% |
| Durant, OK (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 6.13% |
| Poplar Bluff, MO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,485 | 5.63% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,299 | 5.13% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,878 | 5.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,925 | 3.25% |
| Arkadelphia, AR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,601 | 3.88% |
| Bainbridge, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,208 | 3.00% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,825 | 5.75% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.25% |
| Wooster, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,812 | 4.00% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,257 | 5.88% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,667 | 6.75% |
| Beeville, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,942 | 4.00% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $7,182 | 5.13% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,438 | 5.75% |
| Miami, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,846 | 6.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,194 | 4.00% |
| Blytheville, AR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.75% |
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Product Mix
For 2022, Centennial Bank's most frequently originated type of loan was Conventional, with 2,638 originations. Their 2nd most popular type was FHA, with 405 originations.
Loan Reason
For 2022, Centennial Bank's most frequently cited loan purpose was Home Purchase, with 2,767 originations. The 2nd most popular reason was Cash Out Refi, with 255 originations.
Loan Duration/Length
For 2022, Centennial Bank's most frequently cited loan duration was 30 Year, with 2,186 originations. The 2nd most popular length was 30+ year, with 279 originations.
Origination Fees/Closing Costs
Centennial Bank's average total fees were $5,594, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,578 originations.
Interest Rates
During 2022, Centennial Bank's average interest rate for loans was 4.85%, while their most frequently originated rate bucket for loans was 4-5%, with 1,111 originations.
Loan Sizing
2022 saw Centennial Bank place emphasis on $200k-400k loans with 1,190 originations, totaling $331,440,000 in origination value.
Applicant Income
Centennial Bank lent most frequently to those with incomes in the $50k-75k range, with 684 originations. The second most popular income band? $100k-150k, with 587 originations.
Applicant Debt to Income Ratio
Centennial Bank lent most frequently to those with DTI ratios of 20-30%, with 531 originations. The next most common DTI ratio? 30-36%, with 524 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.22%
Centennial Bank has a below average approval rate.
Pick Rate
Approvals leading to origination68.33%
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 | 3,549 | $1,320,245,000 | $372,005 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3,549 | $1,320,245,000 | $372,005 |