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 smaller 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, San Antonio, and Denver among others. We have data for 132 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.
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Originations
2,507Origination Dollar Volume (All Markets)
$717,045,000Awards
FIRST CENTENNIAL MORTGAGE CORPORATION - 2023
FIRST CENTENNIAL MORTGAGE CORPORATION is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1,548 | $410,080,000 | $264,910 | $6,545 | 6.70% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 58 | $40,180,000 | $692,759 | $13,295 | 6.84% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 70 | $20,190,000 | $288,429 | $3,931 | 6.59% |
| Outside of Metro Areas | 80 | $17,550,000 | $219,375 | $5,100 | 6.67% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 43 | $16,205,000 | $376,860 | $8,023 | 6.44% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 26 | $15,490,000 | $595,769 | $7,179 | 6.73% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 46 | $14,420,000 | $313,478 | $7,719 | 6.51% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 66 | $14,360,000 | $217,576 | $6,701 | 7.10% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 38 | $13,770,000 | $362,368 | $6,572 | 6.89% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 31 | $13,465,000 | $434,355 | $7,549 | 6.88% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 23 | $12,275,000 | $533,696 | $13,906 | 6.28% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 46 | $8,830,000 | $191,957 | $4,610 | 6.96% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 20 | $7,220,000 | $361,000 | $9,440 | 6.71% |
| ROCKFORD, IL (FHA|USDA|VA) | 40 | $6,580,000 | $164,500 | $5,486 | 6.66% |
| Ottawa, IL (FHA|USDA|VA) | 27 | $5,235,000 | $193,889 | $5,025 | 6.60% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 7 | $5,025,000 | $717,857 | $4,130 | 6.64% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 13 | $4,535,000 | $348,846 | $5,942 | 6.77% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 16 | $4,440,000 | $277,500 | $5,843 | 6.84% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 13 | $4,045,000 | $311,154 | $7,007 | 6.60% |
| RACINE, WI (FHA|USDA|VA) | 16 | $3,580,000 | $223,750 | $5,267 | 6.49% |
| GREELEY, CO (FHA|USDA|VA) | 7 | $3,245,000 | $463,571 | $5,294 | 6.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 10 | $2,670,000 | $267,000 | $6,279 | 6.58% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $2,550,000 | $637,500 | $8,073 | 7.09% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 7 | $2,365,000 | $337,857 | $5,759 | 6.88% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 12 | $2,350,000 | $195,833 | $5,749 | 6.60% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $2,240,000 | $280,000 | $5,861 | 6.45% |
| MADISON, WI (FHA|USDA|VA) | 7 | $2,205,000 | $315,000 | $3,138 | 6.59% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $2,070,000 | $1,035,000 | $8,637 | 6.81% |
| KANKAKEE, IL (FHA|USDA|VA) | 8 | $2,010,000 | $251,250 | $5,604 | 6.78% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,785,000 | $595,000 | $6,249 | 6.71% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 8 | $1,720,000 | $215,000 | $6,065 | 7.08% |
| AKRON, OH (FHA|USDA|VA) | 6 | $1,620,000 | $270,000 | $6,346 | 6.75% |
| LONGVIEW, WA (FHA|USDA|VA) | 4 | $1,560,000 | $390,000 | $7,389 | 7.06% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 7 | $1,505,000 | $215,000 | $4,478 | 6.88% |
| GREEN BAY, WI (FHA|USDA|VA) | 6 | $1,500,000 | $250,000 | $3,935 | 6.63% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $1,365,000 | $1,365,000 | $18,980 | 7.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $4,662 | 7.16% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $5,470 | 6.69% |
| Manitowoc, WI (FHA|USDA|VA) | 6 | $1,210,000 | $201,667 | $4,812 | 6.96% |
| Whitewater, WI (FHA|USDA|VA) | 5 | $1,205,000 | $241,000 | $5,958 | 7.03% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $1,175,000 | $1,175,000 | $12,509 | 7.13% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $7,757 | 6.04% |
| BEND, OR (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $18,104 | 6.50% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $4,110 | 6.67% |
| Stephenville, TX (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $7,027 | 6.79% |
| PEORIA, IL (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $3,990 | 6.66% |
| OCALA, FL (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $7,320 | 6.66% |
| Escanaba, MI (FHA|USDA|VA) | 6 | $990,000 | $165,000 | $4,999 | 6.10% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 6 | $960,000 | $160,000 | $4,035 | 6.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $17,926 | 7.19% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $8,342 | 6.71% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $11,624 | 6.63% |
| Rochelle, IL (FHA|USDA|VA) | 6 | $790,000 | $131,667 | $4,798 | 6.40% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $8,414 | 6.63% |
| Beaver Dam, WI (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $2,670 | 6.88% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $5,157 | 6.50% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $11,046 | 7.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $4,134 | 6.56% |
| Shawano, WI (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $4,708 | 6.96% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $16,451 | 6.63% |
| SALEM, OR (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $29,255 | 6.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $4,482 | 6.25% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $5,313 | 6.38% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $8,018 | 7.50% |
| DULUTH, MN-WI (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $7,022 | 7.04% |
| NILES, MI (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $3,676 | 6.92% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $3,128 | 6.58% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $2,925 | 6.31% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $7,913 | 6.13% |
| NAPA, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $6,170 | 6.63% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $15,472 | 6.13% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $5,084 | 7.13% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $8,882 | 7.00% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $5,272 | 7.19% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $7,600 | 6.63% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $7,733 | 6.75% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,188 | 7.13% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $13,384 | 6.75% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $8,439 | 7.31% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $8,802 | 7.50% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $2,940 | 6.83% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $8,712 | 7.00% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,760 | 6.50% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $13,311 | 5.63% |
| Lincoln, IL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $5,742 | 6.06% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $10,161 | 5.63% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $9,927 | 7.63% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,965 | 6.25% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $9,089 | 6.63% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,715 | 7.13% |
| Freeport, IL (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $4,055 | 6.54% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,650 | 6.63% |
| Granbury, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,119 | 6.56% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $5,106 | 6.69% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,360 | 6.50% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,899 | 6.00% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $6,680 | 6.88% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,333 | 6.38% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,660 | 7.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,449 | 7.88% |
| FLINT, MI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,114 | 7.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,704 | 7.13% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,242 | 6.63% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $3,909 | 6.71% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,821 | 6.50% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,760 | 6.38% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,175 | 6.75% |
| Urbana, OH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,673 | 6.63% |
| Dixon, IL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $5,804 | 6.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,741 | 6.88% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,395 | 6.63% |
| Sterling, IL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,927 | 6.63% |
| Marquette, MI (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,671 | 6.88% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,908 | 7.00% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,660 | 6.50% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,294 | 7.00% |
| Jacksonville, IL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,700 | 6.75% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $2,218 | 5.88% |
| Crossville, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,040 | 6.13% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,061 | 6.63% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,658 | 6.50% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,456 | 6.88% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,605 | 6.38% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,617 | 6.50% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,313 | 7.00% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,681 | 5.88% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,380 | 6.38% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,632 | 7.25% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,042 | 5.88% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,763 | 6.63% |
| Macomb, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,647 | 7.25% |
| Richmond, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,950 | 6.00% |
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Product Mix
For 2023, First Centennial Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,930 originations. Their 2nd most popular type was FHA, with 425 originations.
Loan Reason
For 2023, First Centennial Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 2,294 originations. The 2nd most popular reason was Cash Out Refi, with 157 originations.
Loan Duration/Length
For 2023, First Centennial Mortgage Corporation's most frequently cited loan duration was 30 Year, with 2,473 originations. The 2nd most popular length was 15 Year, with 25 originations.
Origination Fees/Closing Costs
First Centennial Mortgage Corporation's average total fees were $6,607, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,349 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,471 | $421,415,000 | $286,482 |
| 7-8% | 679 | $214,655,000 | $316,134 |
| 5-6% | 334 | $72,500,000 | $217,066 |
| Over 8% | 23 | $8,475,000 | $368,478 |
During 2023, First Centennial Mortgage Corporation's average interest rate for loans was 6.72%, while their most frequently originated rate bucket for loans was 6-7%, with 1,471 originations.
Loan Sizing
2023 saw First Centennial Mortgage Corporation place emphasis on $200k-400k loans with 1,224 originations, totaling $341,850,000 in origination value.
Applicant Income
First Centennial Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 593 originations. The second most popular income band? $100k-150k, with 570 originations.
Applicant Debt to Income Ratio
First Centennial Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 366 originations. The next most common DTI ratio? 20-30%, with 335 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.39%
First Centennial Mortgage Corporation has an average approval rate.
Pick Rate
Approvals leading to origination73.31%
First Centennial Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,507 | $717,045,000 | $286,017 |