First Centennial Mortgage Corporation Rates, Fees & Info
CHICAGO, ILLEI: 549300SELI3XCH3UZW80
Tax ID: 36-4176531
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Mortgage Data
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, Denver, Milwaukee, and Riverside among others. We have data for 114 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.77% | 11/17/24 |
| 30 Year Conventional Refi | 6.57% | 11/17/24 |
| 30 Year Cash-out Refi | 6.70% | 11/17/24 |
| 30 Year FHA Purchase | 7.61% | 11/17/24 |
| 30 Year FHA Refi | 7.36% | 11/17/24 |
| 30 Year VA Purchase | 6.49% | 11/17/24 |
| 30 Year VA Refi | 6.13% | 11/17/24 |
| 30 Year USDA Purchase | 6.97% | 11/17/24 |
| 30 Year USDA Refi | 6.92% | 11/17/24 |
| 15 Year Conventional Purchase | 6.15% | 11/17/24 |
| 15 Year Conventional Refi | 6.04% | 11/17/24 |
| 15 Year Cash-out Refi | 6.04% | 11/17/24 |
| 15 Year FHA Refi | 5.68% | 11/17/24 |
| 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. | ||
First Centennial Mortgage Corporation Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,449Origination Dollar Volume (All Markets)
$1,010,995,000Awards
FIRST CENTENNIAL MORTGAGE CORPORATION - 2018
FIRST CENTENNIAL MORTGAGE CORPORATION 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2,924 | $595,320,000 | $203,598 | $5,156 | 4.79% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 132 | $76,650,000 | $580,682 | $6,881 | 4.72% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 141 | $54,605,000 | $387,270 | $4,050 | 4.65% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 183 | $38,485,000 | $210,301 | $3,335 | 4.84% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 99 | $32,575,000 | $329,040 | $6,835 | 4.71% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 99 | $23,645,000 | $238,838 | $5,241 | 4.94% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 106 | $23,210,000 | $218,962 | $4,691 | 4.68% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 86 | $20,420,000 | $237,442 | $4,753 | 5.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 58 | $19,810,000 | $341,552 | $5,572 | 4.84% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 31 | $9,335,000 | $301,129 | $5,602 | 4.79% |
| Outside of Metro Areas | 56 | $9,250,000 | $165,179 | $3,985 | 5.05% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 33 | $8,875,000 | $268,939 | $5,436 | 4.85% |
| RACINE, WI (FHA|USDA|VA) | 49 | $7,095,000 | $144,796 | $3,419 | 4.91% |
| ROCKFORD, IL (FHA|USDA|VA) | 30 | $4,320,000 | $144,000 | $4,636 | 5.06% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 11 | $4,245,000 | $385,909 | $7,357 | 4.81% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 18 | $3,940,000 | $218,889 | $5,217 | 4.78% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 35 | $3,905,000 | $111,571 | $4,011 | 4.95% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 21 | $3,505,000 | $166,905 | $3,894 | 4.86% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 15 | $3,065,000 | $204,333 | $4,506 | 4.53% |
| MADISON, WI (FHA|USDA|VA) | 14 | $2,850,000 | $203,571 | $4,741 | 4.71% |
| Ottawa, IL (FHA|USDA|VA) | 18 | $2,640,000 | $146,667 | $5,139 | 4.71% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $2,640,000 | $660,000 | $4,419 | 4.78% |
| NILES, MI (FHA|USDA|VA) | 9 | $2,305,000 | $256,111 | $3,643 | 4.83% |
| LONGVIEW, WA (FHA|USDA|VA) | 8 | $2,270,000 | $283,750 | $5,847 | 5.19% |
| Whitewater, WI (FHA|USDA|VA) | 12 | $2,210,000 | $184,167 | $3,182 | 4.83% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $2,075,000 | $415,000 | $5,353 | 4.70% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 12 | $1,990,000 | $165,833 | $3,012 | 4.77% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 9 | $1,985,000 | $220,556 | $3,988 | 4.74% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 5 | $1,965,000 | $393,000 | $5,554 | 4.65% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 5 | $1,945,000 | $389,000 | $6,157 | 4.63% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 15 | $1,865,000 | $124,333 | $3,144 | 5.03% |
| Rochelle, IL (FHA|USDA|VA) | 13 | $1,855,000 | $142,692 | $4,041 | 4.71% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 10 | $1,850,000 | $185,000 | $4,060 | 5.06% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 8 | $1,810,000 | $226,250 | $5,802 | 4.92% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 7 | $1,725,000 | $246,429 | $3,340 | 5.04% |
| GREELEY, CO (FHA|USDA|VA) | 7 | $1,715,000 | $245,000 | $4,138 | 4.54% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $1,650,000 | $412,500 | $8,801 | 4.88% |
| Edwards, CO (FHA|USDA|VA) | 3 | $1,635,000 | $545,000 | $2,848 | 4.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 9 | $1,565,000 | $173,889 | $4,754 | 4.69% |
| Dixon, IL (FHA|USDA|VA) | 8 | $1,520,000 | $190,000 | $4,012 | 4.56% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $5,638 | 4.42% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $1,270,000 | $317,500 | $6,109 | 4.56% |
| BOULDER, CO (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $3,877 | 4.69% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $3,861 | 4.75% |
| FORT WAYNE, IN (FHA|USDA|VA) | 8 | $980,000 | $122,500 | $3,746 | 5.14% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $5,785 | 4.69% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $3,920 | 5.08% |
| KANKAKEE, IL (FHA|USDA|VA) | 5 | $685,000 | $137,000 | $4,000 | 4.75% |
| PEORIA, IL (FHA|USDA|VA) | 5 | $675,000 | $135,000 | $4,187 | 5.03% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $2,544 | 5.00% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $3,086 | 4.69% |
| ROCHESTER, MN (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $4,266 | 5.03% |
| Beaver Dam, WI (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $2,177 | 4.81% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $3,561 | 5.21% |
| APPLETON, WI (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $4,040 | 4.71% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $2,323 | 4.63% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $3,016 | 4.88% |
| SALEM, OR (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $9,381 | 5.00% |
| Baraboo, WI (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $1,638 | 4.83% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,396 | 4.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $3,813 | 4.58% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,019 | 4.88% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,889 | 4.63% |
| Durango, CO (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,520 | 4.63% |
| DECATUR, IL (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $1,884 | 4.88% |
| GREEN BAY, WI (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,553 | 5.19% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,153 | 4.13% |
| Galesburg, IL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $6,275 | 4.56% |
| Holland, MI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $17,497 | 5.75% |
| Huntington, IN (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,314 | 5.13% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,064 | 4.50% |
| Newport, OR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,886 | 5.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,339 | 4.88% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,716 | 4.38% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,594 | 5.31% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,272 | 4.50% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,737 | 5.06% |
| Marquette, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.13% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,576 | 4.88% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,995 | 4.81% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,558 | 4.00% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,518 | 4.13% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,085 | 5.13% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,379 | 4.75% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,456 | 4.38% |
| FOND DU LAC, WI (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,279 | 5.38% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,650 | 5.38% |
| Freeport, IL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,613 | 5.13% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,585 | 4.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,062 | 5.25% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,665 | 4.50% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,871 | 5.63% |
| Platteville, WI (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $2,628 | 5.25% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,365 | 4.63% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,156 | 4.38% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,294 | 4.75% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,778 | 5.25% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,192 | 5.50% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,888 | 5.63% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,418 | 5.13% |
| Angola, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,441 | 4.63% |
| OCALA, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,656 | 4.25% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,523 | 4.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,606 | 4.38% |
| Escanaba, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,896 | 5.25% |
| Mount Pleasant, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,654 | 4.00% |
| Manitowoc, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,365 | 5.25% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,120 | 4.88% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,645 | 5.25% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,843 | 5.13% |
| Adrian, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,435 | 5.38% |
| Sterling, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,821 | 4.50% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,939 | 4.88% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,473 | 4.00% |
Similar Lenders
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Product Mix
For 2018, First Centennial Mortgage Corporation's most frequently originated type of loan was Conventional, with 2,996 originations. Their 2nd most popular type was FHA, with 1,193 originations.
Loan Reason
For 2018, First Centennial Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 3,697 originations. The 2nd most popular reason was Cash Out Refi, with 419 originations.
Loan Duration/Length
For 2018, First Centennial Mortgage Corporation's most frequently cited loan duration was 30 Year, with 4,143 originations. The 2nd most popular length was 15 Year, with 206 originations.
Origination Fees/Closing Costs
First Centennial Mortgage Corporation's average total fees were $5,143, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,699 originations.
Interest Rates
During 2018, First Centennial Mortgage Corporation's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 3,068 originations.
Loan Sizing
2018 saw First Centennial Mortgage Corporation place emphasis on $100k-200k loans with 2,009 originations, totaling $306,695,000 in origination value.
Applicant Income
First Centennial Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,265 originations. The second most popular income band? $50k or less, with 923 originations.
Applicant Debt to Income Ratio
First Centennial Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 663 originations. The next most common DTI ratio? 30-36%, with 660 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.99%
First Centennial Mortgage Corporation has an average approval rate.
Pick Rate
Approvals leading to origination76.04%
First Centennial Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,449 | $1,010,995,000 | $227,241 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 21 | $3,155,000 | $150,238 |
| Single Family (1-4 Units):Site-Built | 4,428 | $1,007,840,000 | $227,606 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST MORTGAGE CORPORATION | FHA mortgage | Closing on a mortgage | 1 | 100.0% |