Century Mortgage Rates, Fees & Info
Cleveland, OHLEI: 549300YS7PW1Y7DQZG40
Tax ID: 34-0712519
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Mortgage Data
Review & Overview
Century is a smaller mortgage company specializing in Other and Refi loans. Century has a high proportion of conventional loans. Their top markets by origination volume include: Cleveland, Akron, Columbus, Sandusky, and Youngstown among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)Century 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. 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/28/24 |
| 30 Year Conventional Purchase | 6.27% | 4/28/24 |
| 30 Year Conventional Refi | 6.27% | 4/28/24 |
| 30 Year Cash-out Refi | 6.27% | 4/28/24 |
| 15 Year Conventional Purchase | 5.68% | 4/28/24 |
| 15 Year Conventional Refi | 5.68% | 4/28/24 |
| 15 Year Cash-out Refi | 5.68% | 4/28/24 |
| 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. | ||
Century Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
567Origination Dollar Volume (All Markets)
$67,145,000Top 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 |
|---|---|---|---|---|---|
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 494 | $57,600,000 | $116,599 | $0 | 3.00% |
| AKRON, OH (FHA|USDA|VA) | 45 | $5,595,000 | $124,333 | $0 | 2.95% |
| COLUMBUS, OH (FHA|USDA|VA) | 6 | $970,000 | $161,667 | $0 | 3.02% |
| Sandusky, OH (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $0 | 3.03% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $0 | 2.97% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 2.90% |
| Ashtabula, OH (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 3.00% |
| Defiance, OH (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 3.00% |
| Marietta, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 2.60% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 2.75% |
| TOLEDO, OH (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $0 | 2.80% |
| Greenville, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 2.60% |
| Outside of Metro Areas | 1 | $145,000 | $145,000 | $0 | 2.70% |
| Wooster, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 2.60% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 2.75% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 3.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 319 | $51,785,000 | $162,335 | $0 | 2.93% |
| HELOC | 248 | $15,360,000 | $61,935 | n/a | 3.06% |
For 2020, Century's most frequently originated type of loan was Conventional, with 319 originations. Their 2nd most popular type was HELOC, with 248 originations.
Loan Reason
For 2020, Century's most frequently cited loan purpose was Other, with 251 originations. The 2nd most popular reason was Refi, with 218 originations.
Loan Duration/Length
For 2020, Century's most frequently cited loan duration was 20 Year, with 303 originations. The 2nd most popular length was 30 Year, with 110 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 408 | $47,250,000 | $115,809 |
| 3-4% | 114 | $16,410,000 | $143,947 |
| 4-5% | 20 | $1,210,000 | $60,500 |
| <2.5% | 15 | $1,975,000 | $131,667 |
| 5-6% | 10 | $300,000 | $30,000 |
During 2020, Century's average interest rate for loans was 3.07%, while their most frequently originated rate bucket for loans was 2.5-3%, with 408 originations.
Loan Sizing
2020 saw Century place emphasis on $100,000 or less loans with 274 originations, totaling $13,590,000 in origination value.
Applicant Income
Century lent most frequently to those with incomes in the $100k-150k range, with 171 originations. The second most popular income band? $150k-250k, with 134 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.85%
Century has an average approval rate.
Pick Rate
Approvals leading to origination89.77%
Century has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 567 | $67,145,000 | $118,422 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 567 | $67,145,000 | $118,422 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CENTERSTATE BANK CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| CENTERSTATE BANK CORPORATION | Conventional home mortgage | Trouble during payment process | 2 | 50.0% |
| CENTERSTATE BANK CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |