HUD lender profile
Centennial Mortgage, Inc.: HUD multifamily lending record
HUD insured 48 multifamily loans with Centennial Mortgage as lender in FY2022-FY2026, for $465 million and 5,284 units. That is 0.7% of all HUD multifamily dollars in those years and #31 among lenders.
- HUD files it as CENTENNIAL MORTGAGE INC
- MAP On HUD's MAP lender list as of September 16, 2026
- Endorsement data run October 8, 2026
What the numbers say
In FY2026 it closed 7 HUD loans for $108 million, down 6% from FY2025 and ranking #28 among HUD multifamily lenders that year.
223(f) was its largest program at 70% of five-year dollars, followed by NC/SR at 25%.
It lent in 16 states; Washington was the largest at 20% of dollars.
Its median loan was $6.3 million, below the $14.3 million median for all HUD multifamily endorsements in the same years.
On 223(f) loans, the median time from firm commitment to initial endorsement was 80 days (37 loans), against 87 days for all lenders.
3 of its 48 loans (6%) carried low-income housing tax credits, against 32% across all HUD multifamily endorsements.
HUD volume by fiscal year
- 223(f)
- New construction / sub rehab
- Other programs
| FY | Loans | Dollars | 223(f) | NC/SR | Rank | |
|---|---|---|---|---|---|---|
| FY2026 | 7 | $108M | 4 | 3 | #28 | |
| FY2025 | 14 | $115M | 12 | 2 | #25 | |
| FY2024 | 3 | $57.9M | 2 | 1 | #31 | |
| FY2023 | 11 | $75.6M | 10 | 1 | #27 | |
| FY2022 | 13 | $108M | 9 | 1 | #31 | |
| FY2021 | 31 | $229M | 26 | 3 | #30 | |
| FY2020 | 14 | $132M | 11 | 0 | #31 | |
| FY2019 | 11 | $56.7M | 10 | 1 | #38 | |
| FY2018 | 16 | $108M | 12 | 2 | #33 | |
| FY2017 | 19 | $119M | 17 | 1 | #27 | |
| Since FY2001 | 199 | $1.79B | ||||
Program columns count loans. Rank is by dollars among all HUD multifamily lenders that fiscal year.
Program mix, FY2022-FY2026
| Program | Loans | Dollars | Median loan |
|---|---|---|---|
| 223(f) purchase or refinance | 37 | $326M | $5.8M |
| New construction or substantial rehab (221(d)(4), 220, 231, 213) | 8 | $118M | $12.9M |
| 223(a)(7) streamlined refinance | 3 | $20.3M | $6.2M |
Where it lends
| State | Loans | Dollars |
|---|---|---|
| Washington | 9 | $93.5M |
| Iowa | 6 | $35.9M |
| Pennsylvania | 6 | $37.1M |
| Tennessee | 4 | $45.5M |
| California | 4 | $73.5M |
| Florida | 4 | $72.9M |
| Colorado | 3 | $16.3M |
| Ohio | 2 | $9.5M |
| West Virginia | 2 | $12.7M |
| South Dakota | 2 | $6.2M |
| Arizona | 1 | $5.0M |
| Michigan | 1 | $32.3M |
Firm commitment to closing
Days from the firm commitment date HUD records to initial endorsement, for this lender's FY2022-FY2026 loans. This is the last stretch of a HUD deal, after underwriting is done; it is not the whole timeline from application.
- All its loans with both dates (48)
- 86 days median
- Middle half of its loans
- 65-105 days
- 223(f) (37 loans)
- 80 days
- NC/SR (8 loans)
- 94 days
- All lenders, FHA programs, FY2022-FY2026
- 91 days
Most recent HUD endorsements
| Endorsed | Property | Program | Loan |
|---|---|---|---|
| 2026-09-29 | Manistee Manor · AZ | 223(f) | $5.0M |
| 2026-09-02 | Onefivenine Apartments · TN | NC/SR | $20.8M |
| 2026-08-20 | Pines 45 · MI | 223(f) | $32.3M |
| 2026-08-06 | Verdugo Tower · CA | NC/SR | $26.4M |
| 2026-07-28 | Floyd Valley Apartments · IA | 223(f) | $4.1M |
| 2026-05-18 | Haveloch Commons · PA | 223(f) | $3.7M |
| 2026-05-14 | Tri-Cities Senior Apartments · WA | NC/SR | $15.7M |
| 2025-09-18 | Cedar Portfolio · WA | NC/SR | $26.9M |
| 2025-09-10 | Towne Towers · PA | 223(f) | $8.0M |
| 2025-08-25 | Spruce Hills Village and Spring Village · IA | 223(f) | $16.0M |
| 2025-08-25 | St. Marys Apartments · IA | 223(f) | $6.3M |
| 2025-05-21 | Franklin Terrace · OH | 223(f) | $5.8M |
Largest loans, FY2022-FY2026
| Property | Program | Loan |
|---|---|---|
| Archbishop Carrol Manor · FL | 223(f) | $37.0M |
| Orinda Senior Village · CA | 223(f) | $34.7M |
| Pines 45 · MI | 223(f) | $32.3M |
| Cedar Portfolio · WA | NC/SR | $26.9M |
| Verdugo Tower · CA | NC/SR | $26.4M |
| Onefivenine Apartments · TN | NC/SR | $20.8M |
| Bristol Park Apartments · TN | 223(f) | $19.3M |
| Palmer House · FL | 223(f) | $16.2M |
Its HUD servicing book today
HUD's active insured mortgage file (as of September 30, 2026) lists Centennial Mortgage Inc as servicer on 207 apartment loans with $1.37 billion of balance and 21,585 units. The median note rate on that book is 3.25%. 148 of the loans carry a rate under 4%. HUD lists the same name as holder of 207 loans.
- 223(f)
- 124 loans
- 223(a)(7)
- 68 loans
- 221(d)(4)
- 15 loans
Largest servicing states: California (44), Iowa (26), Washington (21), Pennsylvania (9), South Dakota (9), Texas (8).
Compare it with the rest of the market in the HUD lender league table, see what recent loans closed at on HUD rates, or read how the 223(f) and 221(d)(4) programs work.
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