Centennial Mortgage & Funding Mortgage Lending & HMDA Data, 2007
In 2007, Centennial Mortgage & Funding of Bloomington, MN reported 2,571 mortgage applications totaling $414.0 million, down 14% from 2006. The average application was for $161,039, and applicants reported an average income of $68,106. 64% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (1,219), Kalamazoo-Portage, MI (197) and Duluth, MN-WI (124) (applications in parentheses).
| Mortgage Company & Address | Centennial Mortgage & Funding 5001 American Blvd West, Ste 1000 Bloomington, MN 55437 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2003 |
| Total Number of Mortgage Applications | 2,571 |
| Total Mortgage Loan Application Amount | $414,033,000 |
| Average Mortgage Loan Application Amount | $161,039 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $68,106 |
| Highest Applicant Income | $918,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Centennial Mortgage & Funding filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Hennepin, Minnesota | 367 | $ 78,447,000 | $ 213,752 | $ 91,000 |
| Ramsey, Minnesota | 201 | $ 36,774,000 | $ 182,955 | $ 79,000 |
| Kalamazoo, Michigan | 166 | $ 19,733,000 | $ 118,873 | $ 72,000 |
| Montcalm, Michigan | 154 | $ 11,893,000 | $ 77,227 | $ 30,000 |
| Dakota, Minnesota | 110 | $ 23,047,000 | $ 209,518 | $ 72,000 |
| Washington, Minnesota | 110 | $ 29,128,000 | $ 264,800 | $ 87,000 |
| Anoka, Minnesota | 107 | $ 20,576,000 | $ 192,299 | $ 76,000 |
| St. Croix, Wisconsin | 101 | $ 16,929,000 | $ 167,613 | $ 62,000 |
| St. Louis, Minnesota | 97 | $ 11,912,000 | $ 122,804 | $ 63,000 |
| Linn, Iowa | 68 | $ 8,464,000 | $ 124,470 | $ 57,000 |
| Calhoun, Michigan | 65 | $ 6,281,000 | $ 96,630 | $ 57,000 |
| Wright, Minnesota | 52 | $ 12,450,000 | $ 239,423 | $ 105,000 |
| Kent, Michigan | 48 | $ 5,312,000 | $ 110,666 | $ 48,000 |
| Scott, Minnesota | 47 | $ 10,637,000 | $ 226,319 | $ 96,000 |
| Ionia, Michigan | 46 | $ 3,856,000 | $ 83,826 | $ 39,000 |
| Cass, Minnesota | 37 | $ 5,431,000 | $ 146,783 | $ 39,000 |
| Mecosta, Michigan | 35 | $ 3,603,000 | $ 102,942 | $ 42,000 |
| Milwaukee, Wisconsin | 34 | $ 4,069,000 | $ 119,676 | $ 52,000 |
| Polk, Wisconsin | 33 | $ 4,651,000 | $ 140,939 | $ 49,000 |
| Van Buren, Michigan | 31 | $ 4,274,000 | $ 137,870 | $ 67,000 |
| Chisago, Minnesota | 30 | $ 6,103,000 | $ 203,433 | $ 81,000 |
| Pierce, Wisconsin | 30 | $ 4,786,000 | $ 159,533 | $ 63,000 |
| Allegan, Michigan | 29 | $ 3,652,000 | $ 125,931 | $ 83,000 |
| Sherburne, Minnesota | 29 | $ 5,923,000 | $ 204,241 | $ 74,000 |
| Crow Wing, Minnesota | 25 | $ 3,916,000 | $ 156,640 | $ 63,000 |
| Murray, Minnesota | 24 | $ 2,049,000 | $ 85,375 | $ 48,000 |
| Wayne, Michigan | 22 | $ 1,395,000 | $ 63,409 | $ 46,000 |
| Carver, Minnesota | 22 | $ 4,438,000 | $ 201,727 | $ 76,000 |
| Carlton, Minnesota | 15 | $ 1,381,000 | $ 92,066 | $ 40,000 |
| Isanti, Minnesota | 13 | $ 1,956,000 | $ 150,461 | $ 69,000 |
| Stearns, Minnesota | 13 | $ 1,469,000 | $ 113,000 | $ 63,000 |
| Osceola, Michigan | 12 | $ 1,060,000 | $ 88,333 | $ 56,000 |
| Douglas, Wisconsin | 12 | $ 1,509,000 | $ 125,750 | $ 56,000 |
| Newaygo, Michigan | 10 | $ 770,000 | $ 77,000 | $ 23,000 |
| Itasca, Minnesota | 10 | $ 1,428,000 | $ 142,800 | $ 71,000 |
| Le Sueur, Minnesota | 10 | $ 1,820,000 | $ 182,000 | $ 79,000 |
| Barry, Michigan | 9 | $ 985,000 | $ 109,444 | $ 59,000 |
| McLeod, Minnesota | 9 | $ 962,000 | $ 106,888 | $ 67,000 |
| Olmsted, Minnesota | 9 | $ 1,835,000 | $ 203,888 | $ 43,000 |
| Cook, Illinois | 8 | $ 2,356,000 | $ 294,500 | $ 104,000 |
| St. Joseph, Michigan | 8 | $ 709,000 | $ 88,625 | $ 39,000 |
| Kandiyohi, Minnesota | 8 | $ 1,145,000 | $ 143,125 | $ 80,000 |
| Mille Lacs, Minnesota | 8 | $ 1,528,000 | $ 191,000 | $ 46,000 |
| Jefferson, Texas | 8 | $ 867,000 | $ 108,375 | $ 46,000 |
| Benton, Iowa | 7 | $ 1,005,000 | $ 143,571 | $ 45,000 |
| Jones, Iowa | 7 | $ 1,044,000 | $ 149,142 | $ 80,000 |
| Aitkin, Minnesota | 7 | $ 1,092,000 | $ 156,000 | $ 51,000 |
| Rice, Minnesota | 7 | $ 1,379,000 | $ 197,000 | $ 40,000 |
| Barron, Wisconsin | 6 | $ 362,000 | $ 60,333 | $ 38,000 |
| Hamilton, Indiana | 5 | $ 1,765,000 | $ 353,000 | $ 13,000 |
| Black Hawk, Iowa | 5 | $ 880,000 | $ 176,000 | $ 71,000 |
| Lake, Michigan | 5 | $ 258,000 | $ 51,600 | $ 71,000 |
| Douglas, Minnesota | 5 | $ 1,390,000 | $ 278,000 | $ 109,000 |
| Wabasha, Minnesota | 5 | $ 1,222,000 | $ 244,400 | $ 122,000 |
| Johnson, Iowa | 4 | $ 429,000 | $ 107,250 | $ 59,000 |
| Lenawee, Michigan | 4 | $ 358,000 | $ 89,500 | $ 16,000 |
| Oakland, Michigan | 4 | $ 851,000 | $ 212,750 | $ 33,000 |
| Dodge, Minnesota | 4 | $ 446,000 | $ 111,500 | $ 21,000 |
| Kanabec, Minnesota | 4 | $ 360,000 | $ 90,000 | $ 140,000 |
| Pine, Minnesota | 4 | $ 872,000 | $ 218,000 | $ 76,000 |
| Redwood, Minnesota | 4 | $ 379,000 | $ 94,750 | $ 44,000 |
| Montgomery, Texas | 4 | $ 646,000 | $ 161,500 | $ 25,000 |
| Kenosha, Wisconsin | 4 | $ 496,000 | $ 124,000 | $ 80,000 |
| Marion, Indiana | 3 | $ 336,000 | $ 112,000 | $ 35,000 |
| Delaware, Iowa | 3 | $ 258,000 | $ 86,000 | $ 57,000 |
| Muskegon, Michigan | 3 | $ 318,000 | $ 106,000 | $ 39,000 |
| Becker, Minnesota | 3 | $ 322,000 | $ 107,333 | $ 51,000 |
| Blue Earth, Minnesota | 3 | $ 395,000 | $ 131,666 | $ 29,000 |
| Freeborn, Minnesota | 3 | $ 276,000 | $ 92,000 | $ 163,000 |
| Lake, Minnesota | 3 | $ 464,000 | $ 154,666 | $ 50,000 |
| Sibley, Minnesota | 3 | $ 381,000 | $ 127,000 | $ 35,000 |
| Brazoria, Texas | 3 | $ 455,000 | $ 151,666 | $ 119,000 |
| Harris, Texas | 3 | $ 542,000 | $ 180,666 | $ 124,000 |
| Williamson, Texas | 3 | $ 369,000 | $ 123,000 | $ 77,000 |
| Racine, Wisconsin | 3 | $ 224,000 | $ 74,666 | $ 50,000 |
| Washburn, Wisconsin | 3 | $ 672,000 | $ 224,000 | $ 242,000 |
| Duval, Florida | 2 | $ 267,000 | $ 133,500 | $ 66,000 |
| Palm Beach, Florida | 2 | $ 1,022,000 | $ 511,000 | $ 63,000 |
| Sarasota, Florida | 2 | $ 145,000 | $ 72,500 | $ 187,000 |
| Polk, Iowa | 2 | $ 289,000 | $ 144,500 | $ 46,000 |
| Clare, Michigan | 2 | $ 257,000 | $ 128,500 | $ 0 |
| Gogebic, Michigan | 2 | $ 160,000 | $ 80,000 | $ 91,000 |
| Grand Traverse, Michigan | 2 | $ 259,000 | $ 129,500 | $ 11,000 |
| Ingham, Michigan | 2 | $ 201,000 | $ 100,500 | $ 18,000 |
| Isabella, Michigan | 2 | $ 210,000 | $ 105,000 | $ 0 |
| Hubbard, Minnesota | 2 | $ 193,000 | $ 96,500 | $ 90,000 |
| Martin, Minnesota | 2 | $ 289,000 | $ 144,500 | $ 87,000 |
| Nobles, Minnesota | 2 | $ 114,000 | $ 57,000 | $ 48,000 |
| Renville, Minnesota | 2 | $ 125,000 | $ 62,500 | $ 17,000 |
| Roseau, Minnesota | 2 | $ 182,000 | $ 91,000 | $ 71,000 |
| Parker, Texas | 2 | $ 510,000 | $ 255,000 | $ 321,000 |
| Waller, Texas | 2 | $ 504,000 | $ 252,000 | $ 65,000 |
| Ashland, Wisconsin | 2 | $ 181,000 | $ 90,500 | $ 71,000 |
| Bayfield, Wisconsin | 2 | $ 329,000 | $ 164,500 | $ 66,000 |
| Chippewa, Wisconsin | 2 | $ 266,000 | $ 133,000 | $ 50,000 |
| Eau Claire, Wisconsin | 2 | $ 275,000 | $ 137,500 | $ 66,000 |
| Marathon, Wisconsin | 2 | $ 379,000 | $ 189,500 | $ 117,000 |
| Rusk, Wisconsin | 2 | $ 85,000 | $ 42,500 | $ 21,000 |
| Sawyer, Wisconsin | 2 | $ 206,000 | $ 103,000 | $ 113,000 |
| Vernon, Wisconsin | 2 | $ 163,000 | $ 81,500 | $ 60,000 |
| Manatee, Florida | 1 | $ 125,000 | $ 125,000 | $ 198,000 |
| Pinellas, Florida | 1 | $ 90,000 | $ 90,000 | $ 48,000 |
| St. Clair, Illinois | 1 | $ 119,000 | $ 119,000 | $ 49,000 |
| Will, Illinois | 1 | $ 165,000 | $ 165,000 | $ 87,000 |
| Madison, Indiana | 1 | $ 72,000 | $ 72,000 | $ 30,000 |
| Cedar, Iowa | 1 | $ 97,000 | $ 97,000 | $ 52,000 |
| Greene, Iowa | 1 | $ 40,000 | $ 40,000 | $ 14,000 |
| Grundy, Iowa | 1 | $ 205,000 | $ 205,000 | $ 66,000 |
| Iowa, Iowa | 1 | $ 56,000 | $ 56,000 | $ 82,000 |
| Jackson, Iowa | 1 | $ 180,000 | $ 180,000 | $ 79,000 |
| Marshall, Iowa | 1 | $ 216,000 | $ 216,000 | $ 155,000 |
| Story, Iowa | 1 | $ 147,000 | $ 147,000 | $ 39,000 |
| Washington, Iowa | 1 | $ 75,000 | $ 75,000 | $ 23,000 |
| Bay, Michigan | 1 | $ 65,000 | $ 65,000 | $ 24,000 |
| Berrien, Michigan | 1 | $ 74,000 | $ 74,000 | $ 37,000 |
| Cass, Michigan | 1 | $ 176,000 | $ 176,000 | $ 220,000 |
| Clinton, Michigan | 1 | $ 137,000 | $ 137,000 | $ 95,000 |
| Genesee, Michigan | 1 | $ 22,000 | $ 22,000 | $ 14,000 |
| Gratiot, Michigan | 1 | $ 56,000 | $ 56,000 | $ 74,000 |
| Houghton, Michigan | 1 | $ 70,000 | $ 70,000 | $ 0 |
| Huron, Michigan | 1 | $ 12,000 | $ 12,000 | $ 0 |
| Iosco, Michigan | 1 | $ 114,000 | $ 114,000 | $ 42,000 |
| Macomb, Michigan | 1 | $ 204,000 | $ 204,000 | $ 44,000 |
| Ottawa, Michigan | 1 | $ 145,000 | $ 145,000 | $ 66,000 |
| Saginaw, Michigan | 1 | $ 76,000 | $ 76,000 | $ 36,000 |
| Washtenaw, Michigan | 1 | $ 105,000 | $ 105,000 | $ 138,000 |
| Chippewa, Minnesota | 1 | $ 101,000 | $ 101,000 | $ 0 |
| Clay, Minnesota | 1 | $ 115,000 | $ 115,000 | $ 36,000 |
| Faribault, Minnesota | 1 | $ 47,000 | $ 47,000 | $ 0 |
| Fillmore, Minnesota | 1 | $ 68,000 | $ 68,000 | $ 25,000 |
| Goodhue, Minnesota | 1 | $ 240,000 | $ 240,000 | $ 75,000 |
| Lyon, Minnesota | 1 | $ 277,000 | $ 277,000 | $ 137,000 |
| Marshall, Minnesota | 1 | $ 180,000 | $ 180,000 | $ 83,000 |
| Morrison, Minnesota | 1 | $ 245,000 | $ 245,000 | $ 130,000 |
| Nicollet, Minnesota | 1 | $ 119,000 | $ 119,000 | $ 27,000 |
| Todd, Minnesota | 1 | $ 147,000 | $ 147,000 | $ 42,000 |
| Wadena, Minnesota | 1 | $ 68,000 | $ 68,000 | $ 0 |
| Watonwan, Minnesota | 1 | $ 113,000 | $ 113,000 | $ 31,000 |
| Grand Forks, North Dakota | 1 | $ 15,000 | $ 15,000 | $ 51,000 |
| Medina, Ohio | 1 | $ 332,000 | $ 332,000 | $ 149,000 |
| Minnehaha, South Dakota | 1 | $ 10,000 | $ 10,000 | $ 78,000 |
| Pennington, South Dakota | 1 | $ 146,000 | $ 146,000 | $ 35,000 |
| Bexar, Texas | 1 | $ 69,000 | $ 69,000 | $ 91,000 |
| Brazos, Texas | 1 | $ 130,000 | $ 130,000 | $ 47,000 |
| Burleson, Texas | 1 | $ 44,000 | $ 44,000 | $ 17,000 |
| Dallas, Texas | 1 | $ 180,000 | $ 180,000 | $ 99,000 |
| Fort Bend, Texas | 1 | $ 171,000 | $ 171,000 | $ 64,000 |
| Galveston, Texas | 1 | $ 122,000 | $ 122,000 | $ 60,000 |
| Hardin, Texas | 1 | $ 250,000 | $ 250,000 | $ 196,000 |
| Randall, Texas | 1 | $ 112,000 | $ 112,000 | $ 53,000 |
| San Jacinto, Texas | 1 | $ 39,000 | $ 39,000 | $ 17,000 |
| Alexandria, Virginia | 1 | $ 236,000 | $ 236,000 | $ 67,000 |
| Adams, Wisconsin | 1 | $ 61,000 | $ 61,000 | $ 21,000 |
| Brown, Wisconsin | 1 | $ 253,000 | $ 253,000 | $ 118,000 |
| Burnett, Wisconsin | 1 | $ 116,000 | $ 116,000 | $ 74,000 |
| Columbia, Wisconsin | 1 | $ 109,000 | $ 109,000 | $ 40,000 |
| Dane, Wisconsin | 1 | $ 243,000 | $ 243,000 | $ 105,000 |
| Fond du Lac, Wisconsin | 1 | $ 245,000 | $ 245,000 | $ 68,000 |
| Pepin, Wisconsin | 1 | $ 179,000 | $ 179,000 | $ 71,000 |
| Portage, Wisconsin | 1 | $ 123,000 | $ 123,000 | $ 37,000 |
| Richland, Wisconsin | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Sauk, Wisconsin | 1 | $ 154,000 | $ 154,000 | $ 60,000 |
| Shawano, Wisconsin | 1 | $ 255,000 | $ 255,000 | $ 209,000 |
| Sheboygan, Wisconsin | 1 | $ 170,000 | $ 170,000 | $ 51,000 |
| Waukesha, Wisconsin | 1 | $ 139,000 | $ 139,000 | $ 47,000 |
Mortgage Loan Application Detail Totals for Centennial Mortgage & Funding in 2007
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 1,607 | $249,790,000 | $155,000 | $1,000,000 | $67,000 | $613,000 |
| Refinancing | 960 | $163,863,000 | $170,000 | $2,000,000 | $70,000 | $918,000 |
| Home Improvement | 4 | $380,000 | $95,000 | $250,000 | $58,000 | $150,000 |
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 | 1,950 | $293,890,000 | $150,000 | $2,000,000 | $69,000 | $918,000 |
| Black or African American | 197 | $36,490,000 | $185,000 | $740,000 | $75,000 | $300,000 |
| Asian | 171 | $36,023,000 | $210,000 | $649,000 | $72,000 | $228,000 |
| Not Provided | 156 | $30,749,000 | $197,000 | $998,000 | $57,000 | $321,000 |
| Hispanic | 83 | $13,861,000 | $167,000 | $430,000 | $44,000 | $133,000 |
| American Indian or Alaskan Native | 8 | $1,254,000 | $156,000 | $358,000 | $61,000 | $180,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $1,766,000 | $294,000 | $404,000 | $115,000 | $162,000 |
| 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) | 2,250 | $372,442,000 | $165,000 | $2,000,000 | $71,000 | $918,000 |
| FHA-insured (Federal Housing Administration) | 267 | $34,400,000 | $128,000 | $281,000 | $52,000 | $189,000 |
| VA-guaranteed (Veterans Administration) | 28 | $4,813,000 | $171,000 | $407,000 | $49,000 | $113,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 26 | $2,378,000 | $91,000 | $161,000 | $42,000 | $157,000 |
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 | 1,634 | $240,013,000 | $146,000 | $1,280,000 | $65,000 | $480,000 |
| Application Approved But Not Accepted | 315 | $51,162,000 | $162,000 | $656,000 | $74,000 | $613,000 |
| Application Denied By Financial Institution | 290 | $56,508,000 | $194,000 | $998,000 | $81,000 | $361,000 |
| Application Withdrawn By Applicant | 216 | $42,858,000 | $198,000 | $2,000,000 | $66,000 | $918,000 |
| File Closed For Incompleteness | 116 | $23,492,000 | $202,000 | $650,000 | $77,000 | $404,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 |
|---|---|---|---|---|---|---|
| Other | 33 | $7,258,000 | $219,000 | $628,000 | $97,000 | $361,000 |
| Credit History | 29 | $4,711,000 | $162,000 | $351,000 | $58,000 | $169,000 |
| Debt-To-Income Ratio | 25 | $4,681,000 | $187,000 | $570,000 | $77,000 | $330,000 |
| Collateral | 16 | $3,094,000 | $193,000 | $590,000 | $78,000 | $189,000 |
| Unverifiable Information | 10 | $2,810,000 | $281,000 | $580,000 | $115,000 | $281,000 |
| Credit Application Incomplete | 8 | $2,385,000 | $298,000 | $618,000 | $93,000 | $300,000 |
| Employment History | 1 | $340,000 | $340,000 | $340,000 | $104,000 | $104,000 |
| Mortgage Insurance Denied | 1 | $189,000 | $189,000 | $189,000 | $40,000 | $40,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Centennial Mortgage & Funding's 2007 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 Mortgage & Funding'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.
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