The Massive Undertaking Of A Centennial Mortgage

Centennial Mortgage is a privately held company that provides mortgage services. The company helps customers find the perfect loan for their needs from a range of options. Centennial Mortgage's services include affordable housing, multi-family housing, and healthcare projects. They also offer a Simple Mortgage app, which allows customers to apply for a home loan, upload documents, and manage their mortgage. Additionally, Centennial Mortgage provides guidance on mortgage terms, such as annual percentage rate (APR), biweekly payment plans, and cap limits.

Characteristics and Values of Centennial Mortgage

Centennial Mortgage, Inc. has closed FHA 223(f) loans

Centennial Mortgage, Inc. has been providing project capital to multi-family developers since 1975. The company has expertise in HUD programs and requirements, and it works with borrowers to provide continuity, stewardship, and peace of mind.

Centennial Mortgage, Inc. recently closed an FHA 223(f) loan for Catholic Housing Management (CHM) in Miami, Florida. The loan is funding capital improvements for Stella Maris House, a multi-family project-based Section 8 property with 136 units of affordable elderly housing. The building, constructed in 1985, will receive a facelift and improved living spaces for its residents.

The FHA 223(f) loan program offers several benefits, including long loan terms of up to 40 years, low fixed interest rates, and high loan-to-cost ratios. The loan is non-recourse, fully amortizing, and assumable, subject to HUD and CMI approval. It eliminates most affirmative and negative loan covenants found in conventional loan agreements, providing flexibility for borrowers.

Centennial Mortgage, Inc. has a strong track record of successfully navigating the intricate process of securing loans for their clients. Their unique strategy and depth of experience have led to one of the industry's highest loan approval rates. The company's dedicated team works tirelessly to make each loan happen, providing exceptional service to mission-oriented affordable housing organizations.

The company helps multi-family and healthcare owners/developers through HUD and USDA requirements

Centennial Mortgage has been helping borrowers since 1975 and is an affordable housing expert. The company provides guidance and support to multi-family and healthcare owners/developers in navigating HUD and USDA requirements, ensuring a smooth and effortless process from concept to closing.

Centennial Mortgage offers expertise in HUD programs, providing extended loan terms of up to 40 years with low, fixed interest rates. They eliminate most affirmative and negative loan covenants commonly found in conventional loan agreements. Their loans are fully assumable, subject to HUD and CMI approval, and can be used as credit enhancement for tax-exempt bonds. The company offers a high loan-to-cost ratio of up to 90% for rental assistance and 87% for affordable housing projects.

For USDA programs, Centennial Mortgage assists borrowers, including for-profit, non-profit, individuals, partnerships, and state or local public agencies. The company offers guidance on new construction or substantial rehabilitation of multifamily projects in designated "Rural Areas," as defined by the USDA, with a population of less than 35,000. They require a minimum of $6,500 per unit in rehab costs for new construction or the revitalization, repair, and transfer of existing direct Section 515 Housing.

Centennial Mortgage's USDA programs also offer long-term loans of up to 40 years with low-fixed interest rates and a maximum loan-to-restricted-rent value or loan-to-cost ratio of 90% (97% for non-profit enterprises). These programs can guarantee permanent financing or a combination of construction and permanent loans. The company's expertise in both HUD and USDA requirements makes them a trusted partner for multi-family and healthcare owners/developers, ensuring a seamless and successful financing process.

Centennial offers a Simple Mortgage app to apply for a home loan

Applying for a mortgage can be a daunting task, but Centennial Mortgage is here to help. With their Simple Mortgage app, they have simplified the home-buying process, making it easier than ever to apply for a home loan.

Centennial has been helping borrowers since 1975 and is known for its high loan approval rates. They understand that choosing a lender is a crucial decision, and with their expertise, they can make the process smooth and effortless. Centennial offers a wide range of loan options to suit your unique needs. Whether you are purchasing a home or refinancing your current mortgage, their Simple Mortgage app provides quick and convenient support every step of the way.

The app allows you to easily apply for a home loan from the comfort of your home. You can securely upload documents, message your loan originator, and stay informed about the status of your loan in real time. One of the key features of the app is the mortgage calculator, which helps you determine which loan product and program best fit your financial situation. You can also use the app to find a Mortgage Loan Originator near you if you need more personalised assistance.

The Simple Mortgage app also includes informative industry news that may impact your interest rate or loan. With secure document transfer, you can upload necessary paperwork simply by taking a picture with your smartphone. The app streamlines communication with your realtor and loan originator, ensuring everyone involved in the process is on the same page. By using the app, you can manage your mortgage application efficiently and effectively, making the home-buying journey less stressful.

Overall, the Centennial Simple Mortgage app empowers you with the tools and knowledge needed to navigate the home loan process confidently. With its user-friendly interface and comprehensive features, the app simplifies the complex world of mortgages, bringing your dream of homeownership within reach.

Centennial Lending Group provides home mortgages and refinancing

If you're looking to buy a home, you'll likely need a mortgage. That's where Centennial Lending Group comes in—they provide home mortgages and refinancing options to help make your dream of homeownership a reality.

With a variety of mortgage loans available, Centennial Lending Group caters to all types of buyers. Whether you're a first-time homebuyer or a seasoned pro, they can help you find the right financing option to suit your unique needs. The process is designed to be simple and stress-free, so you can focus on the excitement of your new home rather than the paperwork.

Centennial Lending Group has been in the business since 1975, and their expertise is evident in their high loan approval rates. They work tirelessly to ensure each loan is successfully approved, providing continuity and peace of mind to their clients. Their services cover everything from loan origination to servicing, making them a trusted partner for projects requiring HUD expertise.

Additionally, Centennial Lending Group offers refinancing options. If you're looking to consolidate debt or unlock the equity in your home to invest in other dreams, they can assist you in finding the right solution. Their loan officers are knowledgeable and readily available to guide you through the entire process, ensuring you understand the different options available to you.

Whether you're purchasing your first home or refinancing your current one, Centennial Lending Group is committed to providing the support and expertise you need to navigate the complex world of mortgages with ease.

Centennial Mortgage is a trusted partner to make the process as effortless as possible

Centennial Mortgage has been a trusted partner in the lending process since 1975. With one of the highest loan approval rates in the industry, we work tirelessly to make each loan happen. Our team is dedicated to providing continuity, stewardship, and peace of mind to our clients throughout the entire process, from concept to closing.

The process of securing a mortgage can be daunting, but with Centennial Mortgage, you can rest assured that we will be there to guide you every step of the way. We understand that buying a home is a significant decision, and our team of experts is here to provide the support and expertise you need to make the process as seamless as possible.

At Centennial Mortgage, we offer a wide range of loan options to meet the diverse needs of our clients. Whether you're a first-time homebuyer or a seasoned investor, we will work with you to find the perfect loan that suits your unique situation. Our loan officers are knowledgeable and experienced in all aspects of the homebuying process, and they are dedicated to providing you with the highest level of service.

We also understand that time is valuable, so we have developed the Simple Mortgage app to make managing your mortgage application more convenient. With our app, you can easily apply for a home loan, securely upload documents, message your loan originator, and manage your mortgage from anywhere. Our goal is to simplify the process and save you time so that you can focus on what matters most.

Centennial Mortgage is committed to making the lending process as effortless as possible for our clients. With our expertise, dedication, and innovative tools, we strive to provide a seamless and stress-free experience for those looking to secure a mortgage. Our high loan approval rates and client-centric approach make us a trusted partner in the industry, and we are dedicated to helping our clients achieve their financial goals.

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