Centennial Lending Group Mortgage Rates, Fees & Info
MAPLE GLEN, PALEI: 549300YPCHMXE44XRW52
Tax ID: 27-3049738
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Mortgage Data
Review & Overview
Centennial Lending Group is a smaller mortgage company specializing in Home Purchase loans. Centennial Lending Group has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, Baltimore, New York, Crestview, and Trenton among others. We have data for 31 markets. (Some data included below & more in-depth data is available with an active subscription.)Centennial Lending Group 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. Centennial Lending Group 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.
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Originations
495Origination Dollar Volume (All Markets)
$109,295,000Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 323 | $71,635,000 | $221,780 | $6,248 | 4.82% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 38 | $9,490,000 | $249,737 | $6,568 | 4.82% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 18 | $4,350,000 | $241,667 | $6,451 | 4.92% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 31 | $3,885,000 | $125,323 | $4,943 | 4.98% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 15 | $3,645,000 | $243,000 | $6,825 | 5.03% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 15 | $3,105,000 | $207,000 | $5,359 | 4.73% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 8 | $2,130,000 | $266,250 | $4,858 | 4.83% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 6 | $1,900,000 | $316,667 | $11,800 | 4.52% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $8,091 | 5.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $15,603 | 4.67% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $5,405 | 5.05% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $8,312 | 5.19% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $5,723 | 4.75% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $5,325 | 4.69% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $4,469 | 5.33% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,878 | 5.13% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,965 | 5.63% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,828 | 5.06% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,627 | 4.88% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,391 | 4.56% |
| Key West, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,232 | 4.88% |
| Easton, MD (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,253 | 4.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,575 | 4.75% |
| Outside of Metro Areas | 2 | $230,000 | $115,000 | $4,882 | 5.25% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,012 | 4.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,168 | 4.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,497 | 4.88% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,248 | 4.63% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,840 | 4.75% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,479 | 4.75% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,485 | 5.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against Centennial Lending Group 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
For 2018, Centennial Lending Group's most frequently originated type of loan was Conventional, with 281 originations. Their 2nd most popular type was FHA, with 180 originations.
Loan Reason
For 2018, Centennial Lending Group's most frequently cited loan purpose was Home Purchase, with 447 originations. The 2nd most popular reason was Cash Out Refi, with 33 originations.
Loan Duration/Length
For 2018, Centennial Lending Group's most frequently cited loan duration was 30 Year, with 475 originations. The 2nd most popular length was 15 Year, with 14 originations.
Origination Fees/Closing Costs
Centennial Lending Group's average total fees were $6,296, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 332 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 330 | $77,150,000 | $233,788 |
| 5-6% | 147 | $27,025,000 | $183,844 |
| 3-4% | 17 | $4,945,000 | $290,882 |
| 6-7% | 1 | $175,000 | $175,000 |
During 2018, Centennial Lending Group's average interest rate for loans was 4.86%, while their most frequently originated rate bucket for loans was 4-5%, with 330 originations.
Loan Sizing
2018 saw Centennial Lending Group place emphasis on $200k-400k loans with 227 originations, totaling $61,725,000 in origination value.
Applicant Income
Centennial Lending Group lent most frequently to those with incomes in the $50k or less range, with 143 originations. The second most popular income band? $50k-75k, with 133 originations.
Applicant Debt to Income Ratio
Centennial Lending Group lent most frequently to those with DTI ratios of 50-60%, with 82 originations. The next most common DTI ratio? 30-36%, with 58 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.62%
Centennial Lending Group has an average approval rate.
Pick Rate
Approvals leading to origination67.47%
Centennial Lending Group 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 |
|---|---|---|---|
| NA | 495 | $109,295,000 | $220,798 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 8 | $700,000 | $87,500 |
| Single Family (1-4 Units):Site-Built | 487 | $108,595,000 | $222,988 |