Centennial Lending Mortgage Rates, Fees & Info
Centennial, COLEI: 549300J3YLW53W0K4T67
Tax ID: 84-1553724
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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 an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Denver, Cheyenne, Boulder, Lincoln, and Greeley among others. We have data for 33 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.33% | 4/22/24 |
| 30 Year Conventional Refi | 6.40% | 4/22/24 |
| 30 Year Cash-out Refi | 6.58% | 4/22/24 |
| 30 Year FHA Purchase | 7.04% | 4/22/24 |
| 30 Year FHA Refi | 6.27% | 4/22/24 |
| 30 Year VA Purchase | 6.18% | 4/22/24 |
| 30 Year USDA Purchase | 6.59% | 4/22/24 |
| 15 Year Conventional Purchase | 6.34% | 4/22/24 |
| 15 Year Conventional Refi | 6.06% | 4/22/24 |
| 15 Year Cash-out Refi | 6.06% | 4/22/24 |
| 15 Year FHA Purchase | 5.68% | 4/22/24 |
| 15 Year FHA Refi | 5.68% | 4/22/24 |
| 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 Lending Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
208Origination Dollar Volume (All Markets)
$39,100,000Awards
CENTENNIAL LENDING - 2018
CENTENNIAL LENDING is a 2018 , due to their low .
For 2018, 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 |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 44 | $12,340,000 | $280,455 | $6,609 | 4.87% |
| CHEYENNE, WY (FHA|USDA|VA) | 66 | $10,550,000 | $159,848 | $5,758 | 4.35% |
| BOULDER, CO (FHA|USDA|VA) | 6 | $1,990,000 | $331,667 | $5,596 | 4.63% |
| LINCOLN, NE (FHA|USDA|VA) | 11 | $1,675,000 | $152,273 | $3,536 | 4.80% |
| GREELEY, CO (FHA|USDA|VA) | 7 | $1,535,000 | $219,286 | $5,080 | 4.59% |
| Outside of Metro Areas | 14 | $1,200,000 | $85,714 | $3,874 | 4.70% |
| FORT COLLINS, CO (FHA|USDA|VA) | 5 | $1,125,000 | $225,000 | $5,159 | 4.53% |
| SALEM, OR (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $6,346 | 4.60% |
| CASPER, WY (FHA|USDA|VA) | 5 | $685,000 | $137,000 | $3,938 | 4.80% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 6 | $660,000 | $110,000 | $3,362 | 4.73% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $3,672 | 4.72% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,355 | 4.88% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $4,453 | 4.58% |
| PUEBLO, CO (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $5,826 | 4.29% |
| POCATELLO, ID (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,206 | 4.94% |
| Astoria, OR (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $7,930 | 5.13% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,096 | 4.63% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $12,945 | 4.38% |
| Hastings, NE (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $2,598 | 4.59% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $5,267 | 5.00% |
| Montrose, CO (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,618 | 5.13% |
| Norfolk, NE (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,475 | 4.88% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,819 | 4.63% |
| Riverton, WY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,982 | 4.38% |
| North Platte, NE (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,148 | 5.25% |
| Laramie, WY (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,341 | 4.69% |
| Blackfoot, ID (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,612 | 4.00% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,309 | 4.75% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,338 | 4.63% |
| GRAND ISLAND, NE (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,426 | 4.63% |
| Rexburg, ID (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,081 | 5.13% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,652 | 5.00% |
| Silver City, NM (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,450 | 4.00% |
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.
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Product Mix
For 2018, Centennial Lending's most frequently originated type of loan was Conventional, with 135 originations. Their 2nd most popular type was VA, with 39 originations.
Loan Reason
For 2018, Centennial Lending's most frequently cited loan purpose was Home Purchase, with 148 originations. The 2nd most popular reason was Cash Out Refi, with 52 originations.
Loan Duration/Length
For 2018, Centennial Lending's most frequently cited loan duration was 30 Year, with 175 originations. The 2nd most popular length was 15 Year, with 12 originations.
Origination Fees/Closing Costs
Centennial Lending's average total fees were $5,737, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 61 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 136 | $27,250,000 | $200,368 |
| 5-6% | 32 | $6,210,000 | $194,063 |
| 3-4% | 25 | $5,035,000 | $201,400 |
| 6-7% | 1 | $505,000 | $505,000 |
During 2018, Centennial Lending's average interest rate for loans was 4.67%, while their most frequently originated rate bucket for loans was 4-5%, with 136 originations.
Loan Sizing
2018 saw Centennial Lending place emphasis on $200k-400k loans with 78 originations, totaling $20,950,000 in origination value.
Applicant Income
Centennial Lending lent most frequently to those with incomes in the $50k-75k range, with 67 originations. The second most popular income band? $50k or less, with 58 originations.
Applicant Debt to Income Ratio
Centennial Lending lent most frequently to those with DTI ratios of 30-36%, with 36 originations. The next most common DTI ratio? 20-30%, with 24 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications71.41%
Centennial Lending has a below average approval rate.
Pick Rate
Approvals leading to origination18.75%
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 | 208 | $39,100,000 | $187,981 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 9 | $955,000 | $106,111 |
| Single Family (1-4 Units):Site-Built | 199 | $38,145,000 | $191,683 |