Century Bank Mortgage Rates, Fees & Info
Lucedale, MSLEI: 549300NAIUVHH8SCGC11
Tax ID: 64-0116990
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Century Bank is a smaller bank specializing in Home Purchase loans. Century Bank has a high proportion of conventional loans. Their top markets by origination volume include: Mobile, Daphne, Gulfport, and Birmingham among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Century Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
157Origination Dollar Volume (All Markets)
$47,175,000Top 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 |
|---|---|---|---|---|---|
| MOBILE, AL (FHA|USDA|VA) | 78 | $20,430,000 | $261,923 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 16 | $12,340,000 | $771,250 | $0 | 0.00% |
| Outside of Metro Areas | 44 | $8,330,000 | $189,318 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 18 | $5,880,000 | $326,667 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 157 | $47,175,000 | $300,478 | $0 | 0.00% |
For 2023, Century Bank's most frequently originated type of loan was Conventional, with 157 originations.
Loan Reason
For 2023, Century Bank's most frequently cited loan purpose was Home Purchase, with 110 originations. The 2nd most popular reason was Cash Out Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 157 | $47,175,000 | $300,478 | $0 | 0.00% |
For 2023, Century Bank's most frequently cited loan duration was Other, with 157 originations.
Loan Sizing
2023 saw Century Bank place emphasis on $100k-200k loans with 54 originations, totaling $7,640,000 in origination value.
Applicant Income
Century Bank lent most frequently to those with incomes in the $150k-250k range, with 22 originations. The second most popular income band? $50k-75k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 157 | $47,175,000 | $300,478 | $0 | 0.00% |
Century Bank lent most frequently to those with DTI ratios of Exempt%, with 157 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.22%
Century Bank has an average approval rate.
Pick Rate
Approvals leading to origination80.89%
Century Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 157 | $47,175,000 | $300,478 |