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. 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.00% | 11/21/24 |
| 30 Year Conventional Refi | 7.44% | 11/21/24 |
| 30 Year Cash-out Refi | 6.27% | 11/21/24 |
| 30 Year FHA Purchase | 7.59% | 11/21/24 |
| 15 Year Conventional Purchase | 6.24% | 11/21/24 |
| 15 Year Conventional Refi | 5.99% | 11/21/24 |
| 15 Year Cash-out Refi | 5.99% | 11/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
193Origination Dollar Volume (All Markets)
$46,265,000Top 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% |
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: 20
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Similarity Rank: 1179
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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
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
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
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
2022 saw Ascent Home Lending place emphasis on $200k-400k loans with 145 originations, totaling $37,685,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications97.76%
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 origination64.25%
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 |