Centennial Bank Mortgage Rates, Fees & Info
Trezevant, TNLEI: 549300YR7U7TZTQ1GH77
Tax ID: 62-0198140
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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.
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Originations
264Origination Dollar Volume (All Markets)
$42,350,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
2023 saw Centennial Bank place emphasis on $100,000 or less loans with 123 originations, totaling $6,935,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications90.72%
Centennial Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.23%
Centennial Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 264 | $42,350,000 | $160,417 |