First Centennial Mortgage Corporation Rates, Fees & Info

CHICAGO, IL

LEI: 549300SELI3XCH3UZW80

Tax ID: 36-4176531

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • Origination Fees (Closing Costs)

    • Review & Overview

    First Centennial Mortgage Corporation is a small mortgage company specializing in Home Purchase and Refi 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, Denver, and Portland among others. We have data for 152 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 a low 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% 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






    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

    6,816

    Origination Dollar Volume (All Markets)

    $1,706,330,000
    Show all (17) awards

    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) 4,107 $939,425,000 $228,738 $4,517 4.19%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 276 $167,450,000 $606,703 $5,600 4.10%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 402 $91,320,000 $227,164 $3,270 4.26%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 133 $57,945,000 $435,677 $3,111 4.12%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 155 $50,465,000 $325,581 $4,798 4.10%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 112 $44,130,000 $394,018 $6,329 4.16%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 138 $33,890,000 $245,580 $5,420 4.29%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 125 $32,155,000 $257,240 $4,812 4.02%
    Outside of Metro Areas 125 $19,975,000 $159,800 $4,056 4.34%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 99 $18,335,000 $185,202 $4,757 4.49%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 55 $16,915,000 $307,545 $5,757 4.35%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 66 $16,390,000 $248,333 $4,029 4.49%
    MADISON, WI (FHA|USDA|VA) 53 $11,815,000 $222,925 $3,768 4.30%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 69 $10,955,000 $158,768 $3,296 4.31%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 40 $10,500,000 $262,500 $3,821 3.98%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 38 $9,570,000 $251,842 $4,841 4.23%
    RACINE, WI (FHA|USDA|VA) 53 $8,795,000 $165,943 $3,876 4.40%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 44 $8,250,000 $187,500 $3,537 4.16%
    LONGVIEW, WA (FHA|USDA|VA) 27 $8,245,000 $305,370 $5,344 4.03%
    FOND DU LAC, WI (FHA|USDA|VA) 60 $8,120,000 $135,333 $3,510 4.27%
    ROCKFORD, IL (FHA|USDA|VA) 46 $6,840,000 $148,696 $4,539 4.34%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 14 $6,710,000 $479,286 $4,203 4.11%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 17 $6,485,000 $381,471 $4,187 3.93%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 27 $6,275,000 $232,407 $4,798 4.23%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 9 $5,855,000 $650,556 $4,413 4.07%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 10 $4,950,000 $495,000 $4,002 3.93%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 25 $4,365,000 $174,600 $4,206 4.42%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 25 $3,695,000 $147,800 $4,405 4.42%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 19 $3,635,000 $191,316 $4,479 4.48%
    Ottawa, IL (FHA|USDA|VA) 21 $3,625,000 $172,619 $5,254 4.01%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 27 $3,615,000 $133,889 $3,415 4.19%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 11 $3,515,000 $319,545 $5,883 4.23%
    PUNTA GORDA, FL (FHA|USDA|VA) 20 $3,500,000 $175,000 $4,261 4.04%
    Whitewater, WI (FHA|USDA|VA) 16 $2,990,000 $186,875 $2,933 4.01%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 7 $2,625,000 $375,000 $3,856 3.98%
    GREELEY, CO (FHA|USDA|VA) 7 $2,605,000 $372,143 $4,265 4.27%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 10 $2,400,000 $240,000 $4,108 4.14%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 7 $2,295,000 $327,857 $4,261 4.11%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 5 $2,225,000 $445,000 $5,488 3.98%
    Beaver Dam, WI (FHA|USDA|VA) 13 $2,055,000 $158,077 $3,670 4.11%
    BOULDER, CO (FHA|USDA|VA) 6 $2,030,000 $338,333 $2,426 3.98%
    APPLETON, WI (FHA|USDA|VA) 13 $2,025,000 $155,769 $3,233 4.31%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 8 $1,980,000 $247,500 $5,465 4.17%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 6 $1,740,000 $290,000 $4,020 4.40%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 10 $1,680,000 $168,000 $5,816 4.54%
    FORT COLLINS, CO (FHA|USDA|VA) 6 $1,650,000 $275,000 $3,215 4.35%
    Baraboo, WI (FHA|USDA|VA) 9 $1,645,000 $182,778 $4,603 4.10%
    ANN ARBOR, MI (FHA|USDA|VA) 3 $1,445,000 $481,667 $3,094 3.71%
    BLOOMINGTON, IL (FHA|USDA|VA) 6 $1,400,000 $233,333 $3,817 4.25%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $1,380,000 $690,000 $3,721 3.94%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 5 $1,375,000 $275,000 $6,496 4.03%
    SHEBOYGAN, WI (FHA|USDA|VA) 7 $1,345,000 $192,143 $4,431 4.75%
    NILES, MI (FHA|USDA|VA) 7 $1,275,000 $182,143 $3,793 4.14%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 6 $1,210,000 $201,667 $2,891 4.35%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $1,160,000 $580,000 $4,265 4.44%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $1,150,000 $287,500 $5,395 4.06%
    Stevens Point, WI (FHA|USDA|VA) 8 $1,150,000 $143,750 $3,273 4.33%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 3 $1,145,000 $381,667 $9,680 3.92%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 5 $1,115,000 $223,000 $4,051 4.55%
    KANKAKEE, IL (FHA|USDA|VA) 8 $1,030,000 $128,750 $3,993 4.22%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 3 $1,015,000 $338,333 $2,283 3.79%
    Faribault-Northfield, MN (FHA|USDA|VA) 4 $1,010,000 $252,500 $5,287 4.19%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 3 $975,000 $325,000 $2,539 3.96%
    Key West, FL (FHA|USDA|VA) 1 $965,000 $965,000 $8,753 5.38%
    Rochelle, IL (FHA|USDA|VA) 7 $965,000 $137,857 $3,568 4.11%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 7 $905,000 $129,286 $4,541 4.64%
    GREEN BAY, WI (FHA|USDA|VA) 6 $790,000 $131,667 $2,853 4.46%
    AKRON, OH (FHA|USDA|VA) 5 $775,000 $155,000 $5,318 4.83%
    Dixon, IL (FHA|USDA|VA) 5 $775,000 $155,000 $4,084 4.88%
    PEORIA, IL (FHA|USDA|VA) 5 $735,000 $147,000 $2,978 3.93%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 3 $715,000 $238,333 $4,372 3.96%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 5 $675,000 $135,000 $3,141 4.08%
    BAKERSFIELD, CA (FHA|USDA|VA) 4 $650,000 $162,500 $3,328 4.72%
    The Dalles, OR (FHA|USDA|VA) 2 $640,000 $320,000 $3,152 4.06%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $635,000 $211,667 $4,684 3.79%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $630,000 $315,000 $9,724 4.25%
    SALEM, OR (FHA|USDA|VA) 2 $620,000 $310,000 $2,388 4.13%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $595,000 $198,333 $4,560 4.50%
    FORT WAYNE, IN (FHA|USDA|VA) 3 $565,000 $188,333 $2,821 4.13%
    Platteville, WI (FHA|USDA|VA) 5 $535,000 $107,000 $4,043 4.58%
    Warsaw, IN (FHA|USDA|VA) 2 $530,000 $265,000 $2,814 4.31%
    Freeport, IL (FHA|USDA|VA) 4 $510,000 $127,500 $3,695 3.84%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $495,000 $495,000 $3,732 4.13%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $485,000 $485,000 $3,603 3.75%
    TALLAHASSEE, FL (FHA|USDA|VA) 4 $470,000 $117,500 $6,240 4.59%
    Marinette, WI-MI (FHA|USDA|VA) 3 $445,000 $148,333 $4,048 4.50%
    COLUMBUS, OH (FHA|USDA|VA) 3 $405,000 $135,000 $4,425 4.29%
    SALINAS, CA (FHA|USDA|VA) 1 $405,000 $405,000 $4,925 3.88%
    Edwards, CO (FHA|USDA|VA) 1 $385,000 $385,000 $2,515 4.00%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 2 $380,000 $190,000 $2,671 3.63%
    Ellensburg, WA (FHA|USDA|VA) 1 $375,000 $375,000 $3,445 3.75%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $365,000 $121,667 $4,639 4.54%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $365,000 $365,000 $2,400 3.50%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $365,000 $365,000 $1,965 3.63%
    Centralia, WA (FHA|USDA|VA) 2 $330,000 $165,000 $3,109 4.13%
    ROCHESTER, MN (FHA|USDA|VA) 2 $330,000 $165,000 $4,335 4.81%
    STOCKTON, CA (FHA|USDA|VA) 1 $325,000 $325,000 $3,380 4.88%
    Holland, MI (FHA|USDA|VA) 1 $315,000 $315,000 $6,000 4.00%
    Astoria, OR (FHA|USDA|VA) 1 $315,000 $315,000 $3,577 3.75%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $315,000 $105,000 $3,167 4.92%
    Oak Harbor, WA (FHA|USDA|VA) 1 $315,000 $315,000 $8,885 3.50%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $290,000 $145,000 $5,131 3.69%
    Newport, OR (FHA|USDA|VA) 1 $285,000 $285,000 $3,436 4.13%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $280,000 $140,000 $2,791 3.75%
    SPRINGFIELD, IL (FHA|USDA|VA) 2 $280,000 $140,000 $3,733 3.88%
    Shelton, WA (FHA|USDA|VA) 2 $280,000 $140,000 $2,678 3.81%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $275,000 $275,000 $1,965 3.75%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $260,000 $130,000 $5,249 4.88%
    Manitowoc, WI (FHA|USDA|VA) 3 $255,000 $85,000 $3,317 4.21%
    Plymouth, IN (FHA|USDA|VA) 1 $255,000 $255,000 $2,215 4.00%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $255,000 $255,000 $3,435 4.88%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $250,000 $125,000 $4,578 4.81%
    Findlay, OH (FHA|USDA|VA) 1 $245,000 $245,000 $685 4.75%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $240,000 $120,000 $2,497 3.88%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $240,000 $120,000 $3,229 3.88%
    FRESNO, CA (FHA|USDA|VA) 1 $235,000 $235,000 $3,817 4.88%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $225,000 $225,000 $3,995 3.50%
    Red Wing, MN (FHA|USDA|VA) 1 $225,000 $225,000 $3,644 4.63%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,511 4.25%
    COLUMBUS, IN (FHA|USDA|VA) 1 $215,000 $215,000 $2,124 3.50%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $210,000 $105,000 $3,898 3.50%
    BLOOMINGTON, IN (FHA|USDA|VA) 1 $195,000 $195,000 $2,339 4.00%
    Pontiac, IL (FHA|USDA|VA) 1 $195,000 $195,000 $0 5.25%
    OCALA, FL (FHA|USDA|VA) 1 $185,000 $185,000 $7,773 4.00%
    Safford, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $2,695 4.50%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $175,000 $175,000 $500 4.75%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,605 3.75%
    TOLEDO, OH (FHA|USDA|VA) 1 $175,000 $175,000 $3,025 4.00%
    AMARILLO, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,025 4.00%
    JACKSON, MI (FHA|USDA|VA) 1 $165,000 $165,000 $2,973 3.75%
    Huntsville, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,854 4.50%
    Corsicana, TX (FHA|USDA|VA) 1 $145,000 $145,000 $6,679 4.38%
    Owatonna, MN (FHA|USDA|VA) 1 $145,000 $145,000 $4,673 3.38%
    LUBBOCK, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,441 5.25%
    Lincoln, IL (FHA|USDA|VA) 1 $135,000 $135,000 $4,859 5.38%
    Brainerd, MN (FHA|USDA|VA) 1 $135,000 $135,000 $3,665 3.88%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $135,000 $135,000 $2,672 3.88%
    GRANTS PASS, OR (FHA|USDA|VA) 1 $135,000 $135,000 $3,523 4.50%
    Fremont, OH (FHA|USDA|VA) 1 $125,000 $125,000 $5,062 4.75%
    Mount Vernon, OH (FHA|USDA|VA) 1 $125,000 $125,000 $4,095 5.00%
    Washington Court House, OH (FHA|USDA|VA) 1 $105,000 $105,000 $3,555 4.75%
    Traverse City, MI (FHA|USDA|VA) 1 $105,000 $105,000 $2,454 4.63%
    DANVILLE, IL (FHA|USDA|VA) 1 $105,000 $105,000 $3,512 4.88%
    Moses Lake, WA (FHA|USDA|VA) 1 $95,000 $95,000 $3,712 4.88%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $95,000 $95,000 $3,578 4.13%
    SAN ANGELO, TX (FHA|USDA|VA) 1 $95,000 $95,000 $5,044 4.25%
    Taylorville, IL (FHA|USDA|VA) 1 $95,000 $95,000 $4,447 3.50%
    Houghton, MI (FHA|USDA|VA) 1 $85,000 $85,000 $2,387 4.00%
    DECATUR, IL (FHA|USDA|VA) 1 $85,000 $85,000 $3,020 5.00%
    Shawano, WI (FHA|USDA|VA) 1 $85,000 $85,000 $3,526 4.63%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $75,000 $75,000 $4,377 4.50%
    WICHITA FALLS, TX (FHA|USDA|VA) 1 $65,000 $65,000 $2,905 4.00%
    First Centennial Mortgage Corporation's top markets include Chicago, Los Angeles, Milwaukee, Denver, and Portland among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against FIRST CENTENNIAL MORTGAGE CORPORATION 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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,857 $1,301,835,000 $268,033 $3,610 4.16%
    FHA 1,522 $300,110,000 $197,181 $7,018 4.36%
    VA 323 $87,035,000 $269,458 $4,917 4.12%
    USDA 114 $17,350,000 $152,193 $4,584 4.13%

    For 2019, First Centennial Mortgage Corporation's most frequently originated type of loan was Conventional, with 4,857 originations. Their 2nd most popular type was FHA, with 1,522 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 4,428 $1,019,880,000 $230,325 $5,299 4.30%
    Refi 1,598 $480,310,000 $300,569 $2,700 3.91%
    Cash Out Refi 790 $206,140,000 $260,937 $3,311 4.30%

    For 2019, First Centennial Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 4,428 originations. The 2nd most popular reason was Refi, with 1,598 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 6,119 $1,551,275,000 $253,518 $4,650 4.26%
    15 Year 420 $92,140,000 $219,381 $2,856 3.65%
    20 Year 208 $46,500,000 $223,558 $2,555 3.98%
    Other 39 $10,015,000 $256,795 $2,290 3.96%
    10 Year 30 $6,400,000 $213,333 $2,699 3.62%

    For 2019, First Centennial Mortgage Corporation's most frequently cited loan duration was 30 Year, with 6,119 originations. The 2nd most popular length was 15 Year, with 420 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 5,804 $1,429,950,000 $246,373
    $2k-3k 447 $105,585,000 $236,208
    $<1k 298 $76,860,000 $257,919
    $3k-4k 126 $35,020,000 $277,937
    $4k-5k 76 $26,920,000 $354,211
    $5k+ 64 $31,720,000 $495,625

    First Centennial Mortgage Corporation's average total fees were $4,650, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 5,804 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 3,181 $847,255,000 $266,349
    4-5% 3,034 $735,380,000 $242,380
    5-6% 571 $115,975,000 $203,109
    2.5-3% 21 $5,955,000 $283,571
    6-7% 5 $1,105,000 $221,000
    7-8% 3 $555,000 $185,000
    Over 8% 1 $105,000 $105,000

    During 2019, First Centennial Mortgage Corporation's average interest rate for loans was 4.26%, while their most frequently originated rate bucket for loans was 3-4%, with 3,181 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,951 $810,105,000 $274,519 $4,609 4.12%
    $100k-200k 2,670 $409,850,000 $153,502 $4,299 4.30%
    $400k-600k 584 $271,410,000 $464,743 $4,402 4.05%
    $100,000 or less 404 $32,020,000 $79,257 $3,584 4.45%
    $600k-1MM 160 $116,950,000 $730,938 $5,782 4.23%
    $1MM+ 47 $65,995,000 $1,404,149 $6,554 4.09%

    2019 saw First Centennial Mortgage Corporation place emphasis on $200k-400k loans with 2,951 originations, totaling $810,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,760 $331,170,000 $188,165 $4,689 4.25%
    $100k-150k 1,422 $403,090,000 $283,467 $4,328 4.17%
    $75k-100k 1,302 $304,170,000 $233,618 $4,648 4.23%
    $50k or less 1,174 $172,390,000 $146,840 $4,300 4.26%
    $150k-250k 831 $308,275,000 $370,969 $4,100 4.10%
    $250k+ 326 $187,040,000 $573,742 $4,388 4.11%

    First Centennial Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,760 originations. The second most popular income band? $100k-150k, with 1,422 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 1,269 $330,975,000 $260,816 $4,106 4.17%
    20-30% 1,207 $316,585,000 $262,291 $3,811 4.10%
    50-60% 430 $93,420,000 $217,256 $6,981 4.31%
    44% 345 $79,425,000 $230,217 $4,621 4.27%
    43% 322 $75,000,000 $232,919 $4,661 4.30%
    42% 302 $73,190,000 $242,351 $4,335 4.32%
    <20% 301 $80,015,000 $265,831 $3,523 4.03%
    39% 283 $75,125,000 $265,459 $4,347 4.20%
    41% 283 $70,765,000 $250,053 $4,695 4.24%
    40% 275 $69,695,000 $253,436 $4,543 4.33%
    37% 254 $62,250,000 $245,079 $4,146 4.25%
    38% 251 $65,005,000 $258,984 $4,254 4.26%
    49% 249 $57,345,000 $230,301 $4,757 4.28%
    48% 210 $48,790,000 $232,333 $4,792 4.26%
    45% 194 $43,690,000 $225,206 $4,968 4.21%
    36% 194 $51,560,000 $265,773 $4,594 4.23%
    47% 184 $42,980,000 $233,587 $4,848 4.25%
    46% 173 $43,085,000 $249,046 $5,051 4.22%
    >60% 20 $5,180,000 $259,000 $6,401 4.39%

    First Centennial Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 1,269 originations. The next most common DTI ratio? 20-30%, with 1,207 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,065 $1,509,675,000 $248,916 $4,387 4.20%
    Asian 268 $75,570,000 $281,978 $4,231 4.13%
    Black 307 $63,135,000 $205,651 $5,473 4.39%
    Not provided 140 $48,030,000 $343,071 $5,331 4.17%
    American Indian 24 $5,580,000 $232,500 $5,180 4.07%
    Native Hawaiian or Islander 8 $2,950,000 $368,750 $4,351 4.02%
    Japanese 2 $740,000 $370,000 $4,762 4.38%
    Asian Indian 1 $475,000 $475,000 $5,079 4.25%
    Other Asian 1 $175,000 $175,000 $7,822 4.38%

    Approval Rates

    Total approvals of all applications
    94.60%

    First Centennial Mortgage Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.72%

    First Centennial Mortgage Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 6,816 $1,706,330,000 $250,342

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 46 $7,520,000 $163,478
    Single Family (1-4 Units):Site-Built 6,770 $1,698,810,000 $250,932

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 138 $28,120,000 $203,768 $3,079 3.90%
    40-60% 448 $119,080,000 $265,804 $3,246 3.94%
    60-80% 2,054 $593,500,000 $288,948 $3,396 4.17%
    80-100% 4,094 $942,480,000 $230,210 $5,104 4.27%
    Over 100% 67 $20,055,000 $299,328 $8,648 4.14%
    Under 20% 15 $3,095,000 $206,333 $3,285 3.98%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST CENTENNIAL MORTGAGE CORP Conventional home mortgage Trouble during payment process 2 66.7%
    FIRST CENTENNIAL MORTGAGE CORP Conventional home mortgage Closing on a mortgage 1 33.3%