Centennial Bank Mortgage Rates, Fees & Info

Trezevant, TN

LEI: 549300YR7U7TZTQ1GH77

Tax ID: 62-0198140

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

Jump to:

Mortgage Data

Review & Overview

Centennial Bank is a smaller bank specializing in Home Purchase and Refi loans. Centennial Bank has a high proportion of conventional loans. Their top markets by origination volume include: Jackson, Memphis, Dyersburg, Paris, and Union City among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Centennial Bank 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.

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.


Originations

264

Origination Dollar Volume (All Markets)

$42,350,000

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
JACKSON, TN (FHA|USDA|VA) 143 $23,935,000 $167,378 $0 0.00%
Outside of Metro Areas 92 $13,610,000 $147,935 $0 0.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 5 $1,365,000 $273,000 $0 0.00%
Dyersburg, TN (FHA|USDA|VA) 4 $1,130,000 $282,500 $0 0.00%
Paris, TN (FHA|USDA|VA) 5 $895,000 $179,000 $0 0.00%
Union City, TN (FHA|USDA|VA) 10 $650,000 $65,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
Martin, TN (FHA|USDA|VA) 3 $275,000 $91,667 $0 0.00%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
Centennial Bank's top markets include Jackson, Memphis, Dyersburg, Paris, and Union City among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 264 $42,350,000 $160,417 $0 0.00%

    For 2023, Centennial Bank's most frequently originated type of loan was Conventional, with 264 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 140 $28,650,000 $204,643 $0 0.00%
    Refi 59 $8,795,000 $149,068 $0 0.00%
    Home Improvement 41 $3,375,000 $82,317 $0 0.00%
    Other 24 $1,530,000 $63,750 $0 0.00%

    For 2023, Centennial Bank's most frequently cited loan purpose was Home Purchase, with 140 originations. The 2nd most popular reason was Refi, with 59 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 264 $42,350,000 $160,417 $0 0.00%

    For 2023, Centennial Bank's most frequently cited loan duration was Other, with 264 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 123 $6,935,000 $56,382 $0 0.00%
    $100k-200k 73 $10,025,000 $137,329 $0 0.00%
    $200k-400k 44 $11,780,000 $267,727 $0 0.00%
    $400k-600k 16 $7,670,000 $479,375 $0 0.00%
    $600k-1MM 8 $5,940,000 $742,500 $0 0.00%

    2023 saw Centennial Bank place emphasis on $100,000 or less loans with 123 originations, totaling $6,935,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 58 $4,550,000 $78,448 $0 0.00%
    $100k-150k 50 $9,640,000 $192,800 $0 0.00%
    $50k or less 46 $3,280,000 $71,304 $0 0.00%
    $75k-100k 36 $5,080,000 $141,111 $0 0.00%
    $150k-250k 31 $7,315,000 $235,968 $0 0.00%
    $250k+ 24 $7,850,000 $327,083 $0 0.00%

    Centennial Bank lent most frequently to those with incomes in the $50k-75k range, with 58 originations. The second most popular income band? $100k-150k, with 50 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 264 $42,350,000 $160,417 $0 0.00%

    Centennial Bank lent most frequently to those with DTI ratios of Exempt%, with 264 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 234 $36,420,000 $155,641 $0 0.00%
    Not applicable 12 $3,490,000 $290,833 $0 0.00%
    Black 16 $2,250,000 $140,625 $0 0.00%
    Asian 1 $125,000 $125,000 $0 0.00%
    Not provided 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.72%

    Centennial Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.23%

    Centennial Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 264 $42,350,000 $160,417

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    264 $42,350,000 $160,417