First Centennial Mortgage Corporation Rates, Fees & Info

CHICAGO, IL

LEI: 549300SELI3XCH3UZW80

Tax ID: 36-4176531

4.5 stars - out of 5 stars, based on 72 reviews

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

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    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    First Centennial Mortgage Corporation is a small mortgage company specializing in Home Purchase loans. First Centennial Mortgage Corporation 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: Chicago, Los Angeles, Milwaukee, North Port, and Riverside among others. We have data for 172 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Centennial Mortgage Corporation 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. First Centennial Mortgage Corporation 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 6.77% 5/28/23
    30 Year Conventional Refi 6.57% 5/28/23
    30 Year Cash-out Refi 6.70% 5/28/23
    30 Year FHA Purchase 7.61% 5/28/23
    30 Year FHA Refi 7.36% 5/28/23
    30 Year VA Purchase 6.49% 5/28/23
    30 Year VA Refi 6.13% 5/28/23
    30 Year USDA Purchase 6.97% 5/28/23
    30 Year USDA Refi 6.92% 5/28/23
    15 Year Conventional Purchase 6.15% 5/28/23
    15 Year Conventional Refi 6.04% 5/28/23
    15 Year Cash-out Refi 6.04% 5/28/23
    15 Year FHA Refi 5.68% 5/28/23
    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.

    First Centennial Mortgage Corporation Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from First Centennial Mortgage Corporation. 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

    5,229

    Origination Dollar Volume (All Markets)

    $1,506,175,000
    Show all (42) awards

    Relative Rate

    First Centennial Mortgage Corporation's average 30 year fixed mortgage rate was 5.08%.

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

    This yields a difference of 0.32%.

    Relative Fees (Closing Costs)

    First Centennial Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $6,105.

    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
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3,120 $828,890,000 $265,670 $5,863 5.03%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 125 $87,035,000 $696,280 $11,372 4.64%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 178 $44,720,000 $251,236 $3,979 4.85%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 110 $40,450,000 $367,727 $5,811 5.08%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 87 $39,795,000 $457,414 $8,811 4.94%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 121 $39,515,000 $326,570 $7,384 4.86%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 59 $35,075,000 $594,492 $5,711 4.65%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 68 $29,470,000 $433,382 $6,325 4.86%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 82 $28,050,000 $342,073 $7,501 4.94%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 137 $26,985,000 $196,971 $5,962 5.56%
    Outside of Metro Areas 121 $25,025,000 $206,818 $4,712 5.21%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 56 $21,750,000 $388,393 $8,381 4.69%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 63 $20,925,000 $332,143 $6,692 4.65%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 55 $20,385,000 $370,636 $6,756 4.58%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 82 $16,020,000 $195,366 $4,270 5.24%
    ROCKFORD, IL (FHA|USDA|VA) 67 $11,015,000 $164,403 $4,520 5.10%
    RACINE, WI (FHA|USDA|VA) 42 $9,420,000 $224,286 $5,258 4.96%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 34 $8,980,000 $264,118 $6,455 5.36%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 12 $8,390,000 $699,167 $9,235 4.47%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 15 $7,915,000 $527,667 $4,513 4.36%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 18 $6,680,000 $371,111 $6,503 4.76%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 38 $6,660,000 $175,263 $3,618 4.83%
    Ottawa, IL (FHA|USDA|VA) 34 $6,050,000 $177,941 $4,612 5.00%
    GREELEY, CO (FHA|USDA|VA) 14 $5,780,000 $412,857 $6,025 5.27%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 16 $5,590,000 $349,375 $6,870 3.92%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 16 $5,430,000 $339,375 $6,626 5.26%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 11 $4,505,000 $409,545 $8,265 5.53%
    Whitewater, WI (FHA|USDA|VA) 17 $4,495,000 $264,412 $4,645 5.54%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 15 $4,085,000 $272,333 $4,843 4.82%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 12 $3,690,000 $307,500 $4,711 4.54%
    BOULDER, CO (FHA|USDA|VA) 4 $3,560,000 $890,000 $8,483 4.16%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 7 $3,345,000 $477,857 $6,574 4.21%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $3,045,000 $609,000 $6,958 5.58%
    Stephenville, TX (FHA|USDA|VA) 9 $2,745,000 $305,000 $6,992 4.69%
    FORT COLLINS, CO (FHA|USDA|VA) 8 $2,630,000 $328,750 $4,846 4.78%
    PUNTA GORDA, FL (FHA|USDA|VA) 9 $2,605,000 $289,444 $4,688 4.94%
    SHEBOYGAN, WI (FHA|USDA|VA) 12 $2,530,000 $210,833 $6,266 4.82%
    LONGVIEW, WA (FHA|USDA|VA) 7 $2,265,000 $323,571 $4,284 4.45%
    KANKAKEE, IL (FHA|USDA|VA) 12 $2,180,000 $181,667 $5,386 4.99%
    Rochelle, IL (FHA|USDA|VA) 11 $2,035,000 $185,000 $4,582 4.45%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 4 $1,950,000 $487,500 $6,820 5.12%
    APPLETON, WI (FHA|USDA|VA) 10 $1,870,000 $187,000 $4,182 4.59%
    MADISON, WI (FHA|USDA|VA) 7 $1,685,000 $240,714 $2,945 5.25%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 11 $1,675,000 $152,273 $4,964 5.44%
    JACKSONVILLE, FL (FHA|USDA|VA) 6 $1,670,000 $278,333 $6,579 5.92%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 6 $1,650,000 $275,000 $4,181 5.04%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 6 $1,640,000 $273,333 $5,641 6.25%
    FOND DU LAC, WI (FHA|USDA|VA) 13 $1,635,000 $125,769 $4,086 5.04%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $1,520,000 $380,000 $6,123 5.41%
    BLOOMINGTON, IL (FHA|USDA|VA) 10 $1,420,000 $142,000 $3,877 5.66%
    Sevierville, TN (FHA|USDA|VA) 2 $1,270,000 $635,000 $7,931 5.06%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $1,260,000 $630,000 $13,622 4.44%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2 $1,260,000 $630,000 $7,331 7.00%
    Breckenridge, CO (FHA|USDA|VA) 2 $1,220,000 $610,000 $4,092 5.06%
    Beaver Dam, WI (FHA|USDA|VA) 7 $1,195,000 $170,714 $3,927 5.27%
    AKRON, OH (FHA|USDA|VA) 6 $1,150,000 $191,667 $6,111 4.75%
    Kerrville, TX (FHA|USDA|VA) 3 $1,105,000 $368,333 $8,344 3.16%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $1,085,000 $361,667 $4,921 4.04%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 4 $1,050,000 $262,500 $5,493 5.59%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $1,030,000 $515,000 $10,333 3.69%
    Escanaba, MI (FHA|USDA|VA) 8 $1,020,000 $127,500 $4,272 5.70%
    Key West, FL (FHA|USDA|VA) 1 $995,000 $995,000 $24,010 3.63%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 5 $955,000 $191,000 $4,462 4.63%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 5 $955,000 $191,000 $2,948 4.92%
    Granbury, TX (FHA|USDA|VA) 5 $945,000 $189,000 $5,467 4.73%
    Stevens Point, WI (FHA|USDA|VA) 5 $925,000 $185,000 $4,835 5.10%
    Arcadia, FL (FHA|USDA|VA) 3 $915,000 $305,000 $6,210 5.08%
    OCALA, FL (FHA|USDA|VA) 3 $905,000 $301,667 $4,367 6.58%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $890,000 $222,500 $5,923 4.38%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $845,000 $281,667 $8,248 4.83%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $845,000 $281,667 $5,769 4.08%
    SALEM, OR (FHA|USDA|VA) 3 $835,000 $278,333 $4,096 3.46%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $810,000 $405,000 $3,685 4.94%
    Roseburg, OR (FHA|USDA|VA) 3 $805,000 $268,333 $8,226 5.71%
    PEORIA, IL (FHA|USDA|VA) 6 $790,000 $131,667 $4,316 4.85%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 4 $790,000 $197,500 $5,951 5.31%
    NILES, MI (FHA|USDA|VA) 3 $775,000 $258,333 $4,931 3.71%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $765,000 $153,000 $4,537 5.13%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 4 $760,000 $190,000 $5,521 4.56%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $720,000 $360,000 $8,484 4.93%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $710,000 $355,000 $3,854 4.81%
    DULUTH, MN-WI (FHA|USDA|VA) 2 $700,000 $350,000 $4,461 5.19%
    Port Angeles, WA (FHA|USDA|VA) 2 $700,000 $350,000 $10,491 5.25%
    Freeport, IL (FHA|USDA|VA) 3 $675,000 $225,000 $4,181 3.63%
    FLAGSTAFF, AZ (FHA|USDA|VA) 2 $670,000 $335,000 $12,296 5.94%
    PUEBLO, CO (FHA|USDA|VA) 2 $660,000 $330,000 $9,562 4.25%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 2 $660,000 $330,000 $2,123 4.38%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $650,000 $325,000 $4,315 6.13%
    The Dalles, OR (FHA|USDA|VA) 1 $645,000 $645,000 $4,889 3.13%
    KNOXVILLE, TN (FHA|USDA|VA) 2 $640,000 $320,000 $3,796 5.13%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 3 $635,000 $211,667 $3,191 4.42%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $635,000 $211,667 $5,612 6.33%
    Georgetown, SC (FHA|USDA|VA) 1 $625,000 $625,000 $5,352 4.49%
    MUSKEGON, MI (FHA|USDA|VA) 3 $615,000 $205,000 $5,447 6.17%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 3 $585,000 $195,000 $4,263 4.88%
    COLUMBUS, OH (FHA|USDA|VA) 2 $570,000 $285,000 $4,494 6.19%
    Warsaw, IN (FHA|USDA|VA) 2 $550,000 $275,000 $2,307 4.44%
    Marinette, WI-MI (FHA|USDA|VA) 3 $545,000 $181,667 $3,600 5.54%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $525,000 $525,000 $2,330 5.00%
    CORVALLIS, OR (FHA|USDA|VA) 1 $515,000 $515,000 $5,175 3.63%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 3 $515,000 $171,667 $4,896 5.38%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $500,000 $250,000 $3,637 3.31%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $495,000 $495,000 $9,505 3.88%
    ABILENE, TX (FHA|USDA|VA) 1 $485,000 $485,000 $4,359 3.00%
    AMARILLO, TX (FHA|USDA|VA) 1 $485,000 $485,000 $5,689 4.38%
    GREEN BAY, WI (FHA|USDA|VA) 2 $480,000 $240,000 $1,863 4.25%
    Manitowoc, WI (FHA|USDA|VA) 4 $480,000 $120,000 $4,483 4.81%
    Platteville, WI (FHA|USDA|VA) 1 $445,000 $445,000 $3,652 4.25%
    Brownwood, TX (FHA|USDA|VA) 1 $425,000 $425,000 $14,338 3.88%
    Sterling, IL (FHA|USDA|VA) 3 $415,000 $138,333 $4,135 5.71%
    Aberdeen, WA (FHA|USDA|VA) 2 $410,000 $205,000 $3,691 4.44%
    STOCKTON, CA (FHA|USDA|VA) 1 $405,000 $405,000 $4,417 5.63%
    EAU CLAIRE, WI (FHA|USDA|VA) 2 $390,000 $195,000 $2,730 5.19%
    Lincoln, IL (FHA|USDA|VA) 2 $380,000 $190,000 $3,178 4.94%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $375,000 $375,000 $5,526 3.38%
    Dixon, IL (FHA|USDA|VA) 2 $350,000 $175,000 $4,864 5.88%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 3 $345,000 $115,000 $2,997 5.67%
    Levelland, TX (FHA|USDA|VA) 2 $340,000 $170,000 $8,052 5.75%
    FRESNO, CA (FHA|USDA|VA) 2 $340,000 $170,000 $4,321 3.94%
    Coldwater, MI (FHA|USDA|VA) 1 $335,000 $335,000 $10,830 6.63%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $335,000 $335,000 $8,896 6.25%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $325,000 $325,000 $3,296 4.63%
    Steamboat Springs, CO (FHA|USDA|VA) 1 $325,000 $325,000 $6,001 5.88%
    Iron Mountain, MI-WI (FHA|USDA|VA) 1 $315,000 $315,000 $3,635 3.25%
    Bay City, TX (FHA|USDA|VA) 1 $315,000 $315,000 $6,632 4.88%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $315,000 $315,000 $9,028 4.25%
    FLINT, MI (FHA|USDA|VA) 1 $305,000 $305,000 $4,670 5.38%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $305,000 $305,000 $7,742 5.13%
    Logansport, IN (FHA|USDA|VA) 1 $295,000 $295,000 $9,603 7.00%
    MIDLAND, TX (FHA|USDA|VA) 1 $285,000 $285,000 $5,092 4.13%
    VICTORIA, TX (FHA|USDA|VA) 1 $275,000 $275,000 $6,766 5.50%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $275,000 $275,000 $4,826 5.38%
    REDDING, CA (FHA|USDA|VA) 1 $265,000 $265,000 $5,370 3.25%
    Plymouth, IN (FHA|USDA|VA) 1 $265,000 $265,000 $8,406 3.88%
    Charleston-Mattoon, IL (FHA|USDA|VA) 1 $245,000 $245,000 $6,532 5.38%
    Angola, IN (FHA|USDA|VA) 2 $240,000 $120,000 $3,309 5.63%
    Hillsdale, MI (FHA|USDA|VA) 1 $225,000 $225,000 $4,185 5.00%
    Norwalk, OH (FHA|USDA|VA) 1 $215,000 $215,000 $3,533 5.63%
    Seneca, SC (FHA|USDA|VA) 1 $205,000 $205,000 $6,452 7.13%
    Paris, TN (FHA|USDA|VA) 1 $205,000 $205,000 $3,393 5.88%
    COLUMBIA, SC (FHA|USDA|VA) 1 $195,000 $195,000 $4,124 5.63%
    Shawano, WI (FHA|USDA|VA) 1 $185,000 $185,000 $5,076 4.25%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $185,000 $185,000 $5,287 4.25%
    LONGVIEW, TX (FHA|USDA|VA) 1 $185,000 $185,000 $9,911 5.25%
    Show Low, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $3,100 3.25%
    Mineral Wells, TX (FHA|USDA|VA) 1 $185,000 $185,000 $8,123 3.00%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $185,000 $185,000 $3,473 3.63%
    LUBBOCK, TX (FHA|USDA|VA) 1 $175,000 $175,000 $3,724 5.50%
    BLOOMINGTON, IN (FHA|USDA|VA) 1 $175,000 $175,000 $2,821 5.25%
    Sturgis, MI (FHA|USDA|VA) 1 $175,000 $175,000 $2,903 3.75%
    CLEVELAND, TN (FHA|USDA|VA) 1 $165,000 $165,000 $3,273 5.88%
    Wauchula, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,257 5.63%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $165,000 $165,000 $3,184 3.99%
    Galesburg, IL (FHA|USDA|VA) 1 $155,000 $155,000 $5,359 5.13%
    DANVILLE, IL (FHA|USDA|VA) 2 $150,000 $75,000 $2,911 3.63%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $145,000 $145,000 $7,903 4.75%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $145,000 $145,000 $2,287 3.50%
    Rockport, TX (FHA|USDA|VA) 1 $135,000 $135,000 $5,939 4.50%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $135,000 $135,000 $4,647 3.63%
    Centralia, IL (FHA|USDA|VA) 1 $135,000 $135,000 $4,759 5.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $125,000 $125,000 $4,049 6.38%
    DECATUR, IL (FHA|USDA|VA) 1 $125,000 $125,000 $6,942 4.25%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $115,000 $115,000 $4,852 2.88%
    Bedford, IN (FHA|USDA|VA) 1 $105,000 $105,000 $2,325 5.25%
    La Grande, OR (FHA|USDA|VA) 1 $95,000 $95,000 $3,046 4.63%
    TUCSON, AZ (FHA|USDA|VA) 1 $95,000 $95,000 $2,655 4.25%
    Holland, MI (FHA|USDA|VA) 1 $95,000 $95,000 $2,669 4.38%
    Beeville, TX (FHA|USDA|VA) 1 $85,000 $85,000 $4,064 3.50%
    WICHITA FALLS, TX (FHA|USDA|VA) 1 $75,000 $75,000 $3,282 4.25%
    Mount Pleasant, TX (FHA|USDA|VA) 1 $75,000 $75,000 $5,621 6.13%
    TERRE HAUTE, IN (FHA|USDA|VA) 1 $65,000 $65,000 $3,404 4.63%
    New Castle, PA (FHA|USDA|VA) 1 $55,000 $55,000 $4,756 6.13%
    First Centennial Mortgage Corporation's top markets include Chicago, Los Angeles, Milwaukee, North Port, and Riverside among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)

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    Similarity Rank: 299

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,056 $1,196,000,000 $294,872 $5,053 4.99%
    FHA 924 $232,810,000 $251,959 $9,574 5.09%
    VA 207 $70,305,000 $339,638 $7,634 4.91%
    USDA 42 $7,060,000 $168,095 $5,245 4.94%

    For 2022, First Centennial Mortgage Corporation's most frequently originated type of loan was Conventional, with 4,056 originations. Their 2nd most popular type was FHA, with 924 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 4,289 $1,249,815,000 $291,400 $6,410 5.18%
    Cash Out Refi 574 $162,100,000 $282,404 $4,279 4.51%
    Refi 366 $94,260,000 $257,541 $3,280 3.73%

    For 2022, First Centennial Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 4,289 originations. The 2nd most popular reason was Cash Out Refi, with 574 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,926 $1,432,580,000 $290,820 $6,105 5.08%
    15 Year 202 $46,610,000 $230,743 $3,497 3.68%
    20 Year 70 $18,650,000 $266,429 $3,597 4.10%
    10 Year 17 $3,935,000 $231,471 $2,844 3.51%
    Other 14 $4,400,000 $314,286 $4,372 4.22%

    For 2022, First Centennial Mortgage Corporation's most frequently cited loan duration was 30 Year, with 4,926 originations. The 2nd most popular length was 15 Year, with 202 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3,490 $958,810,000 $274,731
    $2k-3k 622 $155,400,000 $249,839
    $3k-4k 394 $113,850,000 $288,959
    $5k+ 360 $165,600,000 $460,000
    $4k-5k 205 $63,455,000 $309,537
    $<1k 152 $47,530,000 $312,697

    First Centennial Mortgage Corporation's average total fees were $6,105, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,490 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 1,740 $488,500,000 $280,747
    3-4% 1,244 $369,500,000 $297,026
    4-5% 1,074 $325,460,000 $303,035
    6-7% 768 $205,410,000 $267,461
    7-8% 213 $59,145,000 $277,676
    2.5-3% 149 $47,825,000 $320,973
    <2.5% 25 $6,025,000 $241,000
    Over 8% 16 $4,310,000 $269,375

    During 2022, First Centennial Mortgage Corporation's average interest rate for loans was 5.08%, while their most frequently originated rate bucket for loans was 5-6%, with 1,740 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,525 $712,845,000 $282,315 $6,225 5.06%
    $100k-200k 1,570 $244,360,000 $155,643 $4,671 5.00%
    $400k-600k 632 $300,420,000 $475,348 $7,284 4.98%
    $600k-1MM 233 $169,625,000 $728,004 $8,243 4.63%
    $100,000 or less 223 $17,605,000 $78,946 $3,685 4.95%
    $1MM+ 46 $61,320,000 $1,333,043 $16,208 4.57%

    2022 saw First Centennial Mortgage Corporation place emphasis on $200k-400k loans with 2,525 originations, totaling $712,845,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,289 $268,185,000 $208,057 $5,542 4.97%
    $100k-150k 1,161 $361,975,000 $311,779 $6,237 5.15%
    $75k-100k 1,014 $262,810,000 $259,181 $6,090 4.99%
    $150k-250k 777 $310,705,000 $399,878 $6,093 4.98%
    $50k or less 619 $91,645,000 $148,053 $4,813 4.85%
    $250k+ 362 $209,460,000 $578,619 $7,883 4.98%

    First Centennial Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,289 originations. The second most popular income band? $100k-150k, with 1,161 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 915 $262,215,000 $286,574 $5,334 4.93%
    20-30% 827 $241,975,000 $292,594 $5,037 4.82%
    50-60% 378 $107,570,000 $284,577 $9,580 5.06%
    49% 266 $76,720,000 $288,421 $5,815 5.23%
    44% 261 $71,055,000 $272,241 $6,366 4.95%
    43% 237 $66,435,000 $280,316 $5,818 5.10%
    42% 226 $68,800,000 $304,425 $6,000 5.04%
    41% 220 $65,370,000 $297,136 $6,114 5.07%
    <20% 211 $57,415,000 $272,109 $4,757 4.79%
    36% 211 $62,005,000 $293,863 $5,437 4.91%
    39% 200 $59,290,000 $296,450 $6,249 5.22%
    45% 192 $53,310,000 $277,656 $6,104 5.09%
    38% 191 $54,025,000 $282,853 $5,919 5.08%
    46% 183 $50,885,000 $278,060 $6,321 5.06%
    47% 181 $51,755,000 $285,939 $6,503 5.12%
    48% 179 $52,535,000 $293,492 $6,248 5.14%
    40% 173 $50,205,000 $290,202 $5,667 5.14%
    37% 160 $49,300,000 $308,125 $5,899 4.98%
    >60% 13 $4,335,000 $333,462 $7,060 5.95%

    First Centennial Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 915 originations. The next most common DTI ratio? 20-30%, with 827 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,221 $1,192,195,000 $282,444 $5,725 5.00%
    Not provided 354 $115,910,000 $327,429 $7,077 4.95%
    Asian 270 $97,520,000 $361,185 $6,526 5.06%
    Black 334 $86,540,000 $259,102 $7,263 5.05%
    American Indian 41 $11,115,000 $271,098 $5,576 5.18%
    Native Hawaiian or Islander 7 $2,255,000 $322,143 $7,660 4.75%
    Filipino 2 $640,000 $320,000 $4,731 4.81%

    Approval Rates

    Total approvals of all applications
    92.62%

    First Centennial Mortgage Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.36%

    First Centennial Mortgage Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,229 $1,506,175,000 $288,043

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    5,229 $1,506,175,000 $288,043

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 145 $28,485,000 $196,448 $4,408 4.45%
    40-60% 425 $112,705,000 $265,188 $4,317 4.58%
    60-80% 1,489 $445,845,000 $299,426 $5,146 4.92%
    80-100% 3,089 $894,755,000 $289,658 $6,531 5.12%
    Over 100% 61 $21,065,000 $345,328 $12,394 5.09%
    Under 20% 20 $3,320,000 $166,000 $3,920 4.88%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST GUARANTY MORTGAGE CORP Conventional home mortgage Struggling to pay mortgage 1 100.0%