Centennial Lending LLC Mortgage Lending & HMDA Data, 2005
In 2005, Centennial Lending LLC of Longmont, CO reported 769 mortgage applications totaling $119.7 million, up 21% from 2004. The average application was for $155,663, and applicants reported an average income of $61,470. 59% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Denver-Aurora, CO (192), Cheyenne, WY (128) and Boulder, CO (51) (applications in parentheses).
| Mortgage Company & Address | Centennial Lending LLC 600 South Airport Road, Bldg D-300 Longmont, CO 80503 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 769 |
| Total Mortgage Loan Application Amount | $119,705,000 |
| Average Mortgage Loan Application Amount | $155,663 |
| Highest Mortgage Loan Application Amount | $740,000 |
| Average Applicant Income | $61,470 |
| Highest Applicant Income | $422,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Centennial Lending LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Denver-Aurora, CO | 192 | $ 34,915,000 | $ 181,848 | $ 64,000 |
| Cheyenne, WY | 128 | $ 16,956,000 | $ 132,468 | $ 54,000 |
| Boulder, CO | 51 | $ 10,750,000 | $ 210,784 | $ 78,000 |
| Casper, WY | 39 | $ 4,368,000 | $ 112,000 | $ 54,000 |
| Greeley, CO | 35 | $ 6,642,000 | $ 189,771 | $ 69,000 |
| Tucson, AZ | 34 | $ 4,606,000 | $ 135,470 | $ 57,000 |
| Grand Junction, CO | 31 | $ 4,996,000 | $ 161,161 | $ 59,000 |
| Lincoln, NE | 21 | $ 2,277,000 | $ 108,428 | $ 49,000 |
| Salem, OR | 20 | $ 2,894,000 | $ 144,700 | $ 64,000 |
| Fort Collins-Loveland, CO | 19 | $ 3,650,000 | $ 192,105 | $ 74,000 |
| Colorado Springs, CO | 11 | $ 1,568,000 | $ 142,545 | $ 63,000 |
| Oklahoma City, OK | 7 | $ 822,000 | $ 117,428 | $ 71,000 |
| Phoenix-Mesa-Scottsdale, AZ | 6 | $ 977,000 | $ 162,833 | $ 104,000 |
| Pueblo, CO | 5 | $ 546,000 | $ 109,200 | $ 58,000 |
| Lawton, OK | 3 | $ 134,000 | $ 44,666 | $ 67,000 |
| Omaha-Council Bluffs, NE-IA | 3 | $ 265,000 | $ 88,333 | $ 57,000 |
| Dallas-Plano-Irving, TX | 2 | $ 135,000 | $ 67,500 | $ 40,000 |
| Billings, MT | 1 | $ 177,000 | $ 177,000 | $ 60,000 |
| Las Vegas-Paradise, NV | 1 | $ 289,000 | $ 289,000 | $ 95,000 |
| Missoula, MT | 1 | $ 174,000 | $ 174,000 | $ 55,000 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 140,000 | $ 140,000 | $ 139,000 |
| Salt Lake City, UT | 1 | $ 130,000 | $ 130,000 | $ 40,000 |
| Wichita, KS | 1 | $ 130,000 | $ 130,000 | $ 50,000 |
Mortgage Loan Application Detail Totals for Centennial Lending LLC in 2005
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 440 | $70,165,000 | $130,800 | $740,000 | $67,100 | $400,000 |
| Home Purchase | 329 | $49,540,000 | $143,583 | $630,000 | $58,750 | $422,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 553 | $87,131,000 | $148,500 | $740,000 | $65,916 | $422,000 |
| Not Provided | 143 | $22,647,000 | $139,714 | $524,000 | $61,571 | $239,000 |
| Hispanic | 55 | $7,465,000 | $120,750 | $555,000 | $50,000 | $132,000 |
| Black or African American | 13 | $1,807,000 | $110,250 | $309,000 | $51,000 | $203,000 |
| Asian | 3 | $449,000 | $126,500 | $280,000 | $70,000 | $124,000 |
| American Indian or Alaskan Native | 1 | $135,000 | $135,000 | $135,000 | $77,000 | $77,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $71,000 | $71,000 | $71,000 | $30,000 | $30,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 739 | $115,211,000 | $145,500 | $740,000 | $65,833 | $422,000 |
| VA-guaranteed (Veterans Administration) | 30 | $4,494,000 | $123,750 | $220,000 | $51,250 | $104,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 451 | $69,914,000 | $142,083 | $740,000 | $65,500 | $422,000 |
| Application Approved But Not Accepted | 193 | $30,608,000 | $141,714 | $500,000 | $62,428 | $202,000 |
| Application Denied By Financial Institution | 79 | $12,574,000 | $117,500 | $555,000 | $52,250 | $133,000 |
| Application Withdrawn By Applicant | 23 | $3,458,000 | $117,750 | $524,000 | $55,500 | $239,000 |
| File Closed For Incompleteness | 17 | $2,137,000 | $95,666 | $315,000 | $48,666 | $206,000 |
| Preapproval Approved but not Accepted | 5 | $949,000 | $189,000 | $332,000 | $80,000 | $139,000 |
| Preapproval Denied by Financial Institution | 1 | $65,000 | $65,000 | $65,000 | $30,000 | $30,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 7 | $1,228,000 | $135,333 | $300,000 | $53,000 | $104,000 |
| Debt-To-Income Ratio | 6 | $1,460,000 | $177,666 | $555,000 | $41,666 | $96,000 |
| Collateral | 2 | $156,000 | $78,000 | $100,000 | $54,000 | $75,000 |
| Other | 2 | $225,000 | $112,500 | $180,000 | $68,000 | $101,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Centennial Lending LLC's 2005 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Centennial Lending LLC's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Colorado, download the full spreadsheet
with aggregated HMDA statistics today.
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