Century Bank Mortgage Lending & HMDA Data, 2023
In 2023, Century Bank of Santa Fe, NM reported 30 mortgage applications totaling $52.0 million. The average application was for $1,732,333, and applicants reported an average income of $283,766. 20% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Albuquerque, NM (16), Santa Fe, NM (9) and El Paso, TX (1) (applications in parentheses).
| Mortgage Company & Address | Century Bank 1790 St Michaels Dr Santa Fe, NM 87505 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2024 2023 |
| Total Number of Mortgage Applications | 30 |
| Total Mortgage Loan Application Amount | $51,970,000 |
| Average Mortgage Loan Application Amount | $1,732,333 |
| Highest Mortgage Loan Application Amount | $22,105,000 |
| Average Applicant Income | $283,766 |
| Highest Applicant Income | $1,328,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Century Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Bernalillo, New Mexico | 13 | $ 2,815,000 | $ 216,538 | $ 107,000 |
| Santa Fe, New Mexico | 9 | $ 8,815,000 | $ 979,444 | $ 535,000 |
| Rio Arriba, New Mexico | 2 | $ 520,000 | $ 260,000 | $ 121,000 |
| Sandoval, New Mexico | 2 | $ 22,320,000 | $ 11,160,000 | $ 836,000 |
| Dona Ana, New Mexico | 1 | $ 265,000 | $ 265,000 | $ 391,000 |
| San Miguel, New Mexico | 1 | $ 485,000 | $ 485,000 | $ 40,000 |
| Valencia, New Mexico | 1 | $ 245,000 | $ 245,000 | $ 67,000 |
| El Paso, Texas | 1 | $ 16,505,000 | $ 16,505,000 | $ 0 |
Mortgage Loan Application Detail Totals for Century Bank in 2023
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 | 24 | $9,590,000 | $399,000 | $1,395,000 | $202,000 | $939,000 |
| Refinancing | 5 | $39,875,000 | $7,975,000 | $22,105,000 | $496,000 | $1,328,000 |
| Cash-out Refinancing | 1 | $2,505,000 | $2,505,000 | $2,505,000 | $1,185,000 | $1,185,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 |
|---|---|---|---|---|---|---|
| Hispanic | 11 | $24,735,000 | $2,248,000 | $22,105,000 | $260,000 | $1,328,000 |
| White | 9 | $7,325,000 | $813,000 | $2,505,000 | $390,000 | $1,185,000 |
| Not applicable | 5 | $18,785,000 | $3,757,000 | $16,505,000 | $0 | $0 |
| Black or African American | 3 | $785,000 | $261,000 | $285,000 | $114,000 | $124,000 |
| Not Provided | 2 | $340,000 | $170,000 | $185,000 | $99,000 | $115,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 30 | $51,970,000 | $1,732,000 | $22,105,000 | $276,000 | $1,328,000 |
| 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 |
| VA-guaranteed (Veterans Administration) | 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 Purchased By The Institution | 19 | $7,295,000 | $383,000 | $1,395,000 | $211,000 | $939,000 |
| Loan Originated | 6 | $19,270,000 | $3,211,000 | $16,505,000 | $40,000 | $40,000 |
| Application Withdrawn By Applicant | 3 | $22,795,000 | $7,598,000 | $22,105,000 | $517,000 | $1,328,000 |
| Application Approved But Not Accepted | 2 | $2,610,000 | $1,305,000 | $2,505,000 | $653,000 | $1,185,000 |
| Application Denied By Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 25 | $26,565,000 | $1,062,000 | $16,505,000 | $203,000 | $939,000 |
| Debt-To-Income Ratio | 5 | $25,405,000 | $5,081,000 | $22,105,000 | $571,000 | $1,328,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Century Bank's 2023 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 Century Bank'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 New Mexico, download the full spreadsheet
with aggregated HMDA statistics today.
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