Ascent Home Lending Mortgage Rates, Fees & Info

FORT COLLINS, CO

LEI: 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. Ascent Home Lending has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Mcallen, Brownsville, Houston, San Antonio, and Laredo among others. We have data for 6 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 about average 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 7.00% 12/6/24
30 Year Conventional Refi 7.44% 12/6/24
30 Year Cash-out Refi 6.27% 12/6/24
30 Year FHA Purchase 7.59% 12/6/24
15 Year Conventional Purchase 6.24% 12/6/24
15 Year Conventional Refi 5.99% 12/6/24
15 Year Cash-out Refi 5.99% 12/6/24
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

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Ascent Home Lending. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

193

Origination Dollar Volume (All Markets)

$46,265,000

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) 176 $41,880,000 $237,955 $11,072 5.07%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 9 $2,065,000 $229,444 $8,594 4.72%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $1,160,000 $290,000 $13,458 4.63%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $590,000 $295,000 $13,645 6.25%
LAREDO, TX (FHA|USDA|VA) 1 $335,000 $335,000 $14,919 4.75%
Outside of Metro Areas 1 $235,000 $235,000 $12,661 4.25%
Ascent Home Lending's top markets include Mcallen, Brownsville, Houston, San Antonio, and Laredo among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • 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.

    Lone Star National Bank
    Similarity Rank: 384
    ASCENT HOME LENDING, LLC
    Similarity Rank: 684
    AAXY L.L.C.
    Similarity Rank: 792
    TEXANS
    Similarity Rank: 1170
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1179
    NAVY ARMY COMMUNITY CREDIT UNION
    Similarity Rank: 1269
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 1290
    DATCU
    Similarity Rank: 1548
    Texas Bank and Trust Company
    Similarity Rank: 1566

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 110 $25,550,000 $232,273 $9,892 5.06%
    FHA 83 $20,715,000 $249,578 $12,615 5.05%

    For 2022, Ascent Home Lending's most frequently originated type of loan was Conventional, with 110 originations. Their 2nd most popular type was FHA, with 83 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 189 $45,275,000 $239,550 $11,125 5.08%
    Refi 4 $990,000 $247,500 $8,683 3.63%

    For 2022, Ascent Home Lending's most frequently cited loan purpose was Home Purchase, with 189 originations. The 2nd most popular reason was Refi, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 182 $43,660,000 $239,890 $11,241 5.08%
    15 Year 10 $2,360,000 $236,000 $8,528 4.46%
    20 Year 1 $245,000 $245,000 $6,741 5.63%

    For 2022, Ascent Home Lending's most frequently cited loan duration was 30 Year, with 182 originations. The 2nd most popular length was 15 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 118 $30,280,000 $256,610
    $4k-5k 23 $5,275,000 $229,348
    $3k-4k 18 $3,300,000 $183,333
    $<1k 15 $3,245,000 $216,333
    $2k-3k 10 $2,080,000 $208,000
    $1k-2k 5 $975,000 $195,000

    Ascent Home Lending's average total fees were $11,241, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 118 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 64 $15,770,000 $246,406
    4-5% 43 $10,255,000 $238,488
    3-4% 40 $8,910,000 $222,750
    6-7% 40 $9,750,000 $243,750
    2.5-3% 4 $1,370,000 $342,500
    7-8% 2 $210,000 $105,000

    During 2022, Ascent Home Lending's average interest rate for loans was 5.08%, while their most frequently originated rate bucket for loans was 5-6%, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 145 $37,685,000 $259,897 $11,994 5.15%
    $100k-200k 43 $7,015,000 $163,140 $8,257 4.76%
    $400k-600k 3 $1,385,000 $461,667 $11,305 3.58%
    $100,000 or less 2 $180,000 $90,000 $4,154 6.63%

    2022 saw Ascent Home Lending place emphasis on $200k-400k loans with 145 originations, totaling $37,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 61 $13,325,000 $218,443 $9,924 5.12%
    $100k-150k 47 $12,385,000 $263,511 $12,180 5.07%
    $75k-100k 46 $11,490,000 $249,783 $11,972 4.98%
    $150k-250k 19 $5,155,000 $271,316 $11,815 5.18%
    $50k or less 15 $2,615,000 $174,333 $9,059 4.56%
    $250k+ 5 $1,295,000 $259,000 $10,390 5.68%

    Ascent Home Lending lent most frequently to those with incomes in the $50k-75k range, with 61 originations. The second most popular income band? $100k-150k, with 47 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 32 $7,930,000 $247,813 $12,891 5.18%
    20-30% 17 $3,695,000 $217,353 $9,430 4.90%
    30-36% 16 $4,490,000 $280,625 $11,044 5.01%
    49% 15 $3,645,000 $243,000 $11,013 5.30%
    43% 13 $3,345,000 $257,308 $10,850 4.98%
    46% 12 $3,160,000 $263,333 $11,873 5.38%
    44% 12 $2,870,000 $239,167 $10,574 5.84%
    48% 11 $3,025,000 $275,000 $13,571 4.86%
    45% 10 $2,230,000 $223,000 $10,940 5.25%
    47% 9 $2,445,000 $271,667 $11,195 4.64%
    38% 9 $1,585,000 $176,111 $9,046 5.39%
    41% 7 $1,425,000 $203,571 $9,661 4.09%
    39% 5 $1,145,000 $229,000 $10,891 5.60%
    40% 4 $870,000 $217,500 $12,727 4.25%
    36% 4 $980,000 $245,000 $10,213 6.19%
    <20% 3 $575,000 $191,667 $8,742 5.83%
    42% 2 $470,000 $235,000 $9,962 5.69%
    37% 1 $165,000 $165,000 $11,031 3.25%

    Ascent Home Lending lent most frequently to those with DTI ratios of 50-60%, with 32 originations. The next most common DTI ratio? 20-30%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 140 $33,180,000 $237,000 $10,970 4.97%
    Not provided 39 $9,265,000 $237,564 $10,652 5.32%
    Asian 5 $1,385,000 $277,000 $14,447 5.33%
    American Indian 5 $1,375,000 $275,000 $13,911 4.90%
    Black 4 $1,060,000 $265,000 $11,794 5.09%

    Approval Rates

    Total approvals of all applications
    97.76%

    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 origination
    64.25%

    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 193 $46,265,000 $239,715

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    193 $46,265,000 $239,715

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $85,000 $85,000 $3,146 6.13%
    40-60% 9 $1,235,000 $137,222 $7,166 5.51%
    60-80% 25 $5,725,000 $229,000 $9,894 5.19%
    80-100% 158 $39,220,000 $248,228 $11,524 5.00%