Centennial Bank Mortgage Rates, Fees & Info
Lubbock, TXLEI: 549300OGJROUXCRSM996
Tax ID: 75-0313320
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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. Their top markets by origination volume include: Austin, San Antonio, Kerrville, Hobbs, and Fredericksburg among others. We have data for 11 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.
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Originations
88Origination Dollar Volume (All Markets)
$34,660,000Top 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 |
|---|---|---|---|---|---|
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 29 | $16,315,000 | $562,586 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 13 | $5,665,000 | $435,769 | $0 | 0.00% |
| Kerrville, TX (FHA|USDA|VA) | 10 | $3,650,000 | $365,000 | $0 | 0.00% |
| Hobbs, NM (FHA|USDA|VA) | 2 | $2,410,000 | $1,205,000 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $2,180,000 | $218,000 | $0 | 0.00% |
| Fredericksburg, TX (FHA|USDA|VA) | 3 | $1,855,000 | $618,333 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 12 | $1,760,000 | $146,667 | $0 | 0.00% |
| Plainview, TX (FHA|USDA|VA) | 5 | $435,000 | $87,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| AMARILLO, TX (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 88 | $34,660,000 | $393,864 | $0 | 0.00% |
For 2020, Centennial Bank's most frequently originated type of loan was Conventional, with 88 originations.
Loan Reason
For 2020, Centennial Bank's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 88 | $34,660,000 | $393,864 | $0 | 0.00% |
For 2020, Centennial Bank's most frequently cited loan duration was Other, with 88 originations.
Loan Sizing
2020 saw Centennial Bank place emphasis on $100,000 or less loans with 20 originations, totaling $1,270,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 48 | $18,950,000 | $394,792 | $0 | 0.00% |
Centennial Bank lent most frequently to those with incomes in the $50k or less range, with 48 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 88 | $34,660,000 | $393,864 | $0 | 0.00% |
Centennial Bank lent most frequently to those with DTI ratios of Exempt%, with 88 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.32%
Centennial Bank has an average approval rate.
Pick Rate
Approvals leading to origination59.09%
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 |
|---|---|---|---|
| Exempt | 88 | $34,660,000 | $393,864 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 6 | $7,370,000 | $1,228,333 |
| Single Family (1-4 Units):Site-Built | 82 | $27,290,000 | $332,805 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Centennial Bank | 103 Texas Avenue Slaton, TX 79364 | Full Service B&M | $56,001 |
| Centennial Bank | 1145 Junction Highway Kerrville, TX 78028 | Full Service B&M | $188,061 |
| Centennial Bank | 125 South Austin Street Tulia, TX 79088 | Full Service B&M | $79,208 |
| Centennial Bank | 1322 River Terrace New Braunfels, TX 78130 | Full Service B&M | $18,441 |
| Centennial Bank | 1689 River Road Boerne, TX 78006 | Full Service B&M | $25,120 |
| Centennial Bank | 207 Sidney Baker Street South, Suite C Kerrville, TX 78028 | Full Service B&M | $0 |
| Centennial Bank | 210 North Broadway Post, TX 79356 | Full Service B&M | $42,379 |
| Centennial Bank | 3201 Olton Road Plainview, TX 79072 | Full Service B&M | $203,449 |
| Centennial Bank | 424 Broadway Hart, TX 79043 | Full Service B&M | $29,233 |
| Centennial Bank | 6602 Quaker Avenue Lubbock, TX 79413 | Full Service B&M | $66,872 |
| Centennial Bank | 710 South Adams St Fredericksburg, TX 78624 | Full Service B&M | $38,866 |
| Centennial Bank | 7207 82nd Street Lubbock, TX 79424 | Full Service B&M | $13,606 |
| Centennial Bank | 901 South Mopac Expressway, Building Two, Suite 525 Austin, TX 78746 | Full Service B&M | $23,294 |
| Centennial Bank | 904 Avenue O Lubbock, TX 79401 | Full Service B&M | $1,615 |
For 2020, Centennial Bank had 14 branches.