Cendera Funding Mortgage Rates, Fees & Info
Fort Worth, TXLEI: OSTXQZDK5VDIPSIEIC53
Tax ID: 75-2791828
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Mortgage Data
Review & Overview
Cendera Funding is a smaller mortgage company specializing in Home Purchase loans. Cendera Funding has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Dallas, Grand Junction, Seattle, Austin, and Palestine among others. We have data for 49 markets. (Some data included below & more in-depth data is available with an active subscription.)Cendera Funding 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. Cendera Funding 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.
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
1,552Origination Dollar Volume (All Markets)
$349,050,000Awards
Cendera Funding - 2018
Cendera Funding is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1,110 | $249,770,000 | $225,018 | $6,569 | 5.02% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 85 | $19,575,000 | $230,294 | $5,251 | 4.90% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 39 | $15,885,000 | $407,308 | $6,707 | 4.42% |
| Outside of Metro Areas | 46 | $8,540,000 | $185,652 | $6,438 | 4.92% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 23 | $7,685,000 | $334,130 | $7,380 | 4.82% |
| Palestine, TX (FHA|USDA|VA) | 51 | $6,675,000 | $130,882 | $5,065 | 5.12% |
| Granbury, TX (FHA|USDA|VA) | 33 | $6,525,000 | $197,727 | $5,544 | 4.97% |
| ODESSA, TX (FHA|USDA|VA) | 26 | $5,620,000 | $216,154 | $6,409 | 4.99% |
| Glenwood Springs, CO (FHA|USDA|VA) | 19 | $4,545,000 | $239,211 | $6,483 | 4.89% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 11 | $2,685,000 | $244,091 | $5,500 | 4.78% |
| MIDLAND, TX (FHA|USDA|VA) | 8 | $1,920,000 | $240,000 | $9,779 | 5.25% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 11 | $1,905,000 | $173,182 | $6,270 | 4.92% |
| Athens, TX (FHA|USDA|VA) | 8 | $1,370,000 | $171,250 | $5,773 | 4.90% |
| WACO, TX (FHA|USDA|VA) | 9 | $1,335,000 | $148,333 | $5,140 | 5.35% |
| TULSA, OK (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $4,287 | 5.03% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $7,313 | 4.80% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $5,891 | 4.57% |
| TYLER, TX (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $5,956 | 4.86% |
| Del Rio, TX (FHA|USDA|VA) | 5 | $845,000 | $169,000 | $5,652 | 4.98% |
| Big Spring, TX (FHA|USDA|VA) | 5 | $745,000 | $149,000 | $6,000 | 5.30% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $7,288 | 5.25% |
| LUBBOCK, TX (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $5,983 | 5.43% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $6,898 | 4.40% |
| Craig, CO (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $5,300 | 5.03% |
| Mineral Wells, TX (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $5,070 | 4.75% |
| Stephenville, TX (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $8,731 | 5.69% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,767 | 4.50% |
| Gainesville, TX (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,345 | 4.94% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,742 | 4.75% |
| Edwards, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,230 | 5.75% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,819 | 4.75% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,501 | 4.63% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,681 | 5.25% |
| Montrose, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,048 | 3.88% |
| Ponca City, OK (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,410 | 4.63% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,392 | 4.88% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,823 | 5.00% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,090 | 6.00% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,478 | 4.63% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,064 | 4.88% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,750 | 5.25% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,743 | 4.75% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,520 | 5.25% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,606 | 5.25% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,159 | 5.00% |
| Oxford, MS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $9,037 | 4.50% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,616 | 5.13% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,843 | 4.38% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,764 | 4.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against Cendera Funding 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, Cendera Funding's most frequently originated type of loan was Conventional, with 849 originations. Their 2nd most popular type was FHA, with 500 originations.
Loan Reason
For 2018, Cendera Funding's most frequently cited loan purpose was Home Purchase, with 1,396 originations. The 2nd most popular reason was Refi, with 98 originations.
Loan Duration/Length
For 2018, Cendera Funding's most frequently cited loan duration was 30 Year, with 1,479 originations. The 2nd most popular length was 15 Year, with 46 originations.
Origination Fees/Closing Costs
Cendera Funding's average total fees were $6,442, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 391 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 882 | $215,190,000 | $243,980 |
| 5-6% | 574 | $112,800,000 | $196,516 |
| 3-4% | 49 | $12,595,000 | $257,041 |
| 6-7% | 45 | $8,305,000 | $184,556 |
| <2.5% | 2 | $160,000 | $80,000 |
During 2018, Cendera Funding's average interest rate for loans was 5.01%, while their most frequently originated rate bucket for loans was 4-5%, with 882 originations.
Loan Sizing
2018 saw Cendera Funding place emphasis on $200k-400k loans with 809 originations, totaling $214,555,000 in origination value.
Applicant Income
Cendera Funding lent most frequently to those with incomes in the $50k-75k range, with 458 originations. The second most popular income band? $75k-100k, with 361 originations.
Applicant Debt to Income Ratio
Cendera Funding lent most frequently to those with DTI ratios of 30-36%, with 243 originations. The next most common DTI ratio? 50-60%, with 205 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.45%
Cendera Funding has an average approval rate.
Pick Rate
Approvals leading to origination61.66%
Cendera Funding 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 | 1,552 | $349,050,000 | $224,903 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 4 | $790,000 | $197,500 |
| Single Family (1-4 Units):Site-Built | 1,548 | $348,260,000 | $224,974 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CENTRAL BANC MORTGAGE CORPORATION | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |