Centennial Mortgage & Funding Mortgage Lending & HMDA Data, 2005
In 2005, Centennial Mortgage & Funding of Bloomington, MN reported 2,532 mortgage applications totaling $370.8 million. The average application was for $146,432, and applicants reported an average income of $63,510. 94% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (1,050), Kalamazoo-Portage, MI (183) and Duluth, MN-WI (153) (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 | 2,532 |
| Total Mortgage Loan Application Amount | $370,767,000 |
| Average Mortgage Loan Application Amount | $146,432 |
| Highest Mortgage Loan Application Amount | $1,300,000 |
| Average Applicant Income | $63,510 |
| Highest Applicant Income | $4,716,000 |
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records Centennial Mortgage & Funding filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Centennial Mortgage & Funding 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 1,534 | $203,272,000 | $117,363 | $1,300,000 | $60,181 | $620,000 |
| Refinancing | 991 | $167,156,000 | $130,400 | $1,300,000 | $89,600 | $4,716,000 |
| Home Improvement | 7 | $339,000 | $37,666 | $100,000 | $87,000 | $110,000 |
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 | 2,235 | $329,302,000 | $126,083 | $1,300,000 | $72,916 | $4,716,000 |
| Black or African American | 114 | $15,709,000 | $136,000 | $736,000 | $60,666 | $335,000 |
| Hispanic | 86 | $12,540,000 | $151,000 | $293,000 | $47,600 | $182,000 |
| Not Provided | 57 | $7,433,000 | $86,875 | $600,000 | $71,250 | $136,000 |
| Asian | 31 | $3,875,000 | $154,000 | $254,000 | $48,000 | $97,000 |
| American Indian or Alaskan Native | 8 | $1,802,000 | $204,666 | $360,000 | $68,333 | $126,000 |
| Not applicable | 1 | $106,000 | $106,000 | $106,000 | $105,000 | $105,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 2,401 | $353,109,000 | $116,500 | $1,300,000 | $75,928 | $4,716,000 |
| FHA-insured (Federal Housing Administration) | 106 | $13,478,000 | $142,250 | $228,000 | $70,000 | $233,000 |
| VA-guaranteed (Veterans Administration) | 24 | $4,097,000 | $190,250 | $248,000 | $68,000 | $100,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $83,000 | $83,000 | $83,000 | $36,000 | $36,000 |
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 | 2,370 | $347,493,000 | $122,000 | $1,300,000 | $72,272 | $4,716,000 |
| Application Approved But Not Accepted | 59 | $9,733,000 | $143,428 | $1,050,000 | $85,142 | $336,000 |
| Application Denied By Financial Institution | 41 | $5,011,000 | $125,000 | $750,000 | $76,000 | $215,000 |
| Application Withdrawn By Applicant | 31 | $4,594,000 | $119,250 | $297,000 | $103,750 | $310,000 |
| File Closed For Incompleteness | 31 | $3,936,000 | $96,500 | $353,000 | $66,500 | $150,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 2 | $207,000 | $103,500 | $124,000 | $39,500 | $45,000 |
| Debt-To-Income Ratio | 1 | $165,000 | $165,000 | $165,000 | $37,000 | $37,000 |
| Employment History | 1 | $131,000 | $131,000 | $131,000 | $0 | $0 |
| Collateral | 1 | $49,000 | $49,000 | $49,000 | $29,000 | $29,000 |
| Unverifiable Information | 1 | $53,000 | $53,000 | $53,000 | $26,000 | $26,000 |
| Credit Application Incomplete | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Centennial Mortgage & Funding'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 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.
For a list of all lenders in Minnesota, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About