Ascent Home Lending Mortgage Rates, Fees & Info
FORT COLLINS, COLEI: 5493000XBNMBCC02KC17
Tax ID: 46-1843436
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Mortgage Data
Review & Overview
Ascent Home Lending is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Ascent Home Lending has a high proportion of conventional loans. Their top markets by origination volume include: Mcallen, Brownsville, Houston, and Raymondville among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Ascent Home Lending has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Ascent Home Lending is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.00% | 4/21/24 |
| 30 Year Conventional Refi | 7.44% | 4/21/24 |
| 30 Year Cash-out Refi | 6.27% | 4/21/24 |
| 30 Year FHA Purchase | 7.59% | 4/21/24 |
| 15 Year Conventional Purchase | 6.24% | 4/21/24 |
| 15 Year Conventional Refi | 5.99% | 4/21/24 |
| 15 Year Cash-out Refi | 5.99% | 4/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Ascent Home Lending Mortgage Calculator
Your Estimates
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This is not an official calculator from Ascent Home Lending. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
232Origination Dollar Volume (All Markets)
$62,430,000Relative Rate
Ascent Home Lending's average 30 year fixed mortgage rate was
6.48%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0%.
Relative Fees (Closing Costs)
Ascent Home Lending's average total fees/closing costs for a 30 year fixed rate
mortgage were $13,383.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 199 | $53,595,000 | $269,322 | $12,865 | 6.43% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 31 | $8,135,000 | $262,419 | $14,959 | 6.85% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $30,090 | 6.50% |
| Raymondville, TX (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against ASCENT HOME LENDING based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 8
Similarity Rank: 440
Similarity Rank: 507
Similarity Rank: 645
Similarity Rank: 666
Similarity Rank: 744
Similarity Rank: 981
Similarity Rank: 1050
Similarity Rank: 1088
Similarity Rank: 1275
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| FHA | 145 | $40,625,000 | $280,172 | $15,106 | 6.41% |
| Conventional | 86 | $21,580,000 | $250,930 | $9,754 | 6.54% |
| VA | 1 | $225,000 | $225,000 | $10,392 | 6.25% |
For 2023, Ascent Home Lending's most frequently originated type of loan was FHA, with 145 originations. Their 2nd most popular type was Conventional, with 86 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 232 | $62,430,000 | $269,095 | $13,152 | 6.46% |
For 2023, Ascent Home Lending's most frequently cited loan purpose was Home Purchase, with 232 originations.
Loan Duration/Length
For 2023, Ascent Home Lending's most frequently cited loan duration was 30 Year, with 224 originations. The 2nd most popular length was 15 Year, with 6 originations.
Origination Fees/Closing Costs
Ascent Home Lending's average total fees were $13,383, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 151 originations.
Interest Rates
During 2023, Ascent Home Lending's average interest rate for loans was 6.48%, while their most frequently originated rate bucket for loans was 6-7%, with 142 originations.
Loan Sizing
2023 saw Ascent Home Lending place emphasis on $200k-400k loans with 195 originations, totaling $53,085,000 in origination value.
Applicant Income
Ascent Home Lending lent most frequently to those with incomes in the $75k-100k range, with 76 originations. The second most popular income band? $100k-150k, with 69 originations.
Applicant Debt to Income Ratio
Ascent Home Lending lent most frequently to those with DTI ratios of 50-60%, with 69 originations. The next most common DTI ratio? 30-36%, with 19 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.37%
Ascent Home Lending has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination66.81%
Ascent Home Lending has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 232 | $62,430,000 | $269,095 |