Centennial Lending Mortgage Rates, Fees & Info

Centennial, CO

LEI: 549300J3YLW53W0K4T67

Tax ID: 84-1553724

5 stars - Updated: 11/30/23 - out of 5 stars, based on 23 reviews

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

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Mortgage Data

Review & Overview

Centennial Lending is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Centennial Lending has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Denver, Cheyenne, Boulder, Riverton, and Fort Collins among others. We have data for 40 markets. (Some data included below & more in-depth data is available with an active subscription.)

Centennial Lending 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 Lending 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.33% 11/30/23
30 Year Conventional Refi 6.40% 11/30/23
30 Year Cash-out Refi 6.58% 11/30/23
30 Year FHA Purchase 7.04% 11/30/23
30 Year FHA Refi 6.27% 11/30/23
30 Year VA Purchase 6.18% 11/30/23
30 Year USDA Purchase 6.59% 11/30/23
15 Year Conventional Purchase 6.34% 11/30/23
15 Year Conventional Refi 6.06% 11/30/23
15 Year Cash-out Refi 6.06% 11/30/23
15 Year FHA Purchase 5.68% 11/30/23
15 Year FHA Refi 5.68% 11/30/23
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 Lending Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Centennial Lending. 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

530

Origination Dollar Volume (All Markets)

$164,200,000
Show all (5) awards

Relative Rate

Centennial Lending's average 30 year fixed mortgage rate was 4.43%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.33%.

Relative Fees (Closing Costs)

Centennial Lending's average total fees/closing costs for a 30 year fixed rate mortgage were $5,804.

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 $4,750.

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
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 134 $58,850,000 $439,179 $5,921 4.30%
CHEYENNE, WY (FHA|USDA|VA) 100 $23,980,000 $239,800 $5,853 4.28%
BOULDER, CO (FHA|USDA|VA) 24 $13,140,000 $547,500 $5,076 3.76%
Riverton, WY (FHA|USDA|VA) 43 $11,365,000 $264,302 $5,245 4.22%
FORT COLLINS, CO (FHA|USDA|VA) 19 $8,775,000 $461,842 $5,331 4.66%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 28 $6,860,000 $245,000 $5,869 4.38%
GREELEY, CO (FHA|USDA|VA) 15 $6,845,000 $456,333 $4,940 5.17%
Outside of Metro Areas 34 $6,670,000 $196,176 $4,297 4.35%
TUCSON, AZ (FHA|USDA|VA) 23 $3,825,000 $166,304 $4,833 4.24%
COLORADO SPRINGS, CO (FHA|USDA|VA) 9 $3,805,000 $422,778 $0 4.33%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 14 $3,010,000 $215,000 $5,400 3.97%
SALEM, OR (FHA|USDA|VA) 8 $2,110,000 $263,750 $7,351 4.00%
PUEBLO, CO (FHA|USDA|VA) 8 $1,410,000 $176,250 $4,367 4.11%
Laramie, WY (FHA|USDA|VA) 7 $1,345,000 $192,143 $5,339 4.75%
Hastings, NE (FHA|USDA|VA) 11 $1,215,000 $110,455 $3,799 5.01%
Breckenridge, CO (FHA|USDA|VA) 3 $1,165,000 $388,333 $9,018 4.30%
ALBUQUERQUE, NM (FHA|USDA|VA) 5 $1,065,000 $213,000 $5,091 4.13%
CASPER, WY (FHA|USDA|VA) 4 $910,000 $227,500 $3,519 3.54%
Rock Springs, WY (FHA|USDA|VA) 3 $755,000 $251,667 $9,140 2.50%
LINCOLN, NE (FHA|USDA|VA) 5 $635,000 $127,000 $3,695 4.65%
Beatrice, NE (FHA|USDA|VA) 5 $625,000 $125,000 $4,512 4.80%
POCATELLO, ID (FHA|USDA|VA) 2 $580,000 $290,000 $8,353 4.38%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $545,000 $545,000 $10,191 5.13%
OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $515,000 $171,667 $7,209 4.17%
Evanston, WY (FHA|USDA|VA) 2 $470,000 $235,000 $9,880 4.88%
Gillette, WY (FHA|USDA|VA) 1 $415,000 $415,000 $7,375 5.38%
Norfolk, NE (FHA|USDA|VA) 2 $360,000 $180,000 $3,901 4.75%
Cañon City, CO (FHA|USDA|VA) 1 $355,000 $355,000 $12,080 2.75%
GRAND JUNCTION, CO (FHA|USDA|VA) 3 $345,000 $115,000 $3,371 3.54%
Roswell, NM (FHA|USDA|VA) 1 $325,000 $325,000 $5,903 5.38%
Rexburg, ID (FHA|USDA|VA) 2 $300,000 $150,000 $4,456 5.44%
Jackson, WY-ID (FHA|USDA|VA) 1 $245,000 $245,000 $6,002 5.63%
Fremont, NE (FHA|USDA|VA) 1 $205,000 $205,000 $4,279 5.50%
Fort Morgan, CO (FHA|USDA|VA) 1 $205,000 $205,000 $4,358 3.25%
FARMINGTON, NM (FHA|USDA|VA) 1 $185,000 $185,000 $4,663 3.25%
Sterling, CO (FHA|USDA|VA) 1 $185,000 $185,000 $4,284 3.38%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $185,000 $185,000 $5,145 3.13%
Columbus, NE (FHA|USDA|VA) 1 $155,000 $155,000 $4,381 4.63%
GRAND ISLAND, NE (FHA|USDA|VA) 2 $140,000 $70,000 $3,372 3.38%
Scottsbluff, NE (FHA|USDA|VA) 1 $125,000 $125,000 $3,974 5.25%
Centennial Lending's top markets include Denver, Cheyenne, Boulder, Riverton, and Fort Collins among others.

Their top states include:
  • Colorado (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against CENTENNIAL LENDING based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    U.S. HOME MORTGAGE, INC.
    Similarity Rank: 28
    WESTERN VISTA
    Similarity Rank: 51
    First Credit Union
    Similarity Rank: 210
    Pinnacle Bank - Wyoming
    Similarity Rank: 270
    LIBERTY FIRST
    Similarity Rank: 280
    CORNHUSKER BANK
    Similarity Rank: 285
    Security First Bank
    Similarity Rank: 448
    First Nebraska Bank
    Similarity Rank: 561
    The District Federal Credit Union
    Similarity Rank: 588
    Wyoming Bank & Trust
    Similarity Rank: 658

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 485 $151,645,000 $312,670 $4,947 4.30%
    FHA 24 $5,600,000 $233,333 $9,250 4.47%
    VA 16 $5,180,000 $323,750 $11,488 3.85%
    HELOC 4 $1,620,000 $405,000 n/a 5.88%
    USDA 1 $155,000 $155,000 $5,455 4.88%

    For 2022, Centennial Lending's most frequently originated type of loan was Conventional, with 485 originations. Their 2nd most popular type was FHA, with 24 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 256 $80,070,000 $312,773 $6,230 4.66%
    Cash Out Refi 223 $72,005,000 $322,892 $4,994 4.01%
    Refi 51 $12,125,000 $237,745 $4,191 3.82%

    For 2022, Centennial Lending's most frequently cited loan purpose was Home Purchase, with 256 originations. The 2nd most popular reason was Cash Out Refi, with 223 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 330 $95,510,000 $289,424 $5,804 4.43%
    15 Year 136 $44,820,000 $329,559 $3,998 4.11%
    20 Year 26 $5,180,000 $199,231 $4,627 3.95%
    10 Year 17 $3,065,000 $180,294 $2,930 3.93%
    Other 16 $10,290,000 $643,125 $0 3.97%
    5 Year 5 $5,335,000 $1,067,000 $0 5.72%

    For 2022, Centennial Lending's most frequently cited loan duration was 30 Year, with 330 originations. The 2nd most popular length was 15 Year, with 136 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 128 $23,850,000 $186,328
    $3k-4k 91 $25,505,000 $280,275
    $1k-2k 67 $8,955,000 $133,657
    $4k-5k 60 $22,340,000 $372,333
    $5k+ 45 $23,385,000 $519,667
    $<1k 19 $4,255,000 $223,947

    Centennial Lending's average total fees were $5,804, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 128 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 201 $68,995,000 $343,259
    4-5% 114 $38,750,000 $339,912
    5-6% 107 $32,875,000 $307,243
    2.5-3% 41 $9,385,000 $228,902
    6-7% 34 $8,170,000 $240,294
    <2.5% 23 $3,335,000 $145,000
    7-8% 10 $2,690,000 $269,000

    During 2022, Centennial Lending's average interest rate for loans was 4.43%, while their most frequently originated rate bucket for loans was 3-4%, with 201 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 237 $69,585,000 $293,608 $6,111 4.27%
    $100k-200k 137 $20,805,000 $151,861 $4,168 4.32%
    $400k-600k 74 $35,920,000 $485,405 $7,740 4.53%
    $100,000 or less 54 $3,230,000 $59,815 $2,802 4.12%
    $600k-1MM 16 $11,280,000 $705,000 $8,358 4.45%
    $1MM+ 12 $23,380,000 $1,948,333 $9,593 4.13%

    2022 saw Centennial Lending place emphasis on $200k-400k loans with 237 originations, totaling $69,585,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 104 $20,890,000 $200,865 $5,033 4.11%
    $100k-150k 103 $31,125,000 $302,184 $5,767 4.39%
    $75k-100k 89 $22,035,000 $247,584 $5,826 4.42%
    $50k or less 77 $11,145,000 $144,740 $4,356 4.22%
    $150k-250k 56 $23,970,000 $428,036 $6,705 4.48%
    $250k+ 32 $13,900,000 $434,375 $6,554 4.63%

    Centennial Lending lent most frequently to those with incomes in the $50k-75k range, with 104 originations. The second most popular income band? $100k-150k, with 103 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 92 $21,890,000 $237,935 $4,758 4.20%
    30-36% 81 $21,085,000 $260,309 $5,411 4.41%
    50-60% 34 $11,950,000 $351,471 $7,184 4.50%
    44% 34 $9,310,000 $273,824 $5,932 4.40%
    <20% 32 $8,870,000 $277,188 $4,843 4.29%
    42% 22 $5,550,000 $252,273 $4,975 4.41%
    38% 20 $5,450,000 $272,500 $5,153 4.35%
    40% 19 $4,885,000 $257,105 $7,049 3.97%
    39% 19 $5,245,000 $276,053 $5,699 4.76%
    41% 16 $3,630,000 $226,875 $5,273 4.11%
    45% 15 $3,695,000 $246,333 $4,619 4.43%
    43% 15 $3,595,000 $239,667 $6,144 3.84%
    37% 15 $3,645,000 $243,000 $5,261 3.71%
    36% 13 $4,635,000 $356,538 $6,387 4.18%
    47% 12 $3,500,000 $291,667 $4,883 4.50%
    49% 10 $2,900,000 $290,000 $5,375 5.26%
    46% 8 $2,490,000 $311,250 $5,685 4.28%
    48% 8 $1,740,000 $217,500 $6,435 4.42%
    >60% 4 $1,200,000 $300,000 $5,258 4.06%

    Centennial Lending lent most frequently to those with DTI ratios of 20-30%, with 92 originations. The next most common DTI ratio? 30-36%, with 81 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 364 $92,430,000 $253,929 $5,410 4.31%
    Not applicable 57 $36,375,000 $638,158 $0 4.18%
    Not provided 80 $26,370,000 $329,625 $5,768 4.34%
    Black 11 $3,925,000 $356,818 $4,488 4.54%
    American Indian 10 $2,850,000 $285,000 $6,064 4.33%
    Asian 5 $1,315,000 $263,000 $4,395 4.25%
    Other Asian 3 $935,000 $311,667 $4,875 3.90%

    Approval Rates

    Total approvals of all applications
    85.60%

    Centennial Lending has an average approval rate.

    Pick Rate

    Approvals leading to origination
    62.64%

    Centennial Lending 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 530 $164,200,000 $309,811

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    530 $164,200,000 $309,811

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 68 $13,590,000 $199,853 $3,995 4.07%
    40-60% 101 $28,815,000 $285,297 $4,658 4.01%
    60-80% 211 $85,115,000 $403,389 $5,772 4.29%
    80-100% 125 $34,105,000 $272,840 $6,371 4.86%
    Over 100% 4 $1,220,000 $305,000 $15,123 4.22%
    Under 20% 21 $1,355,000 $64,524 $2,334 3.42%