Altra Mortgage Rates, Fees & Info

ONALASKA, WI

LEI: 549300A0SVCQJPHVGV20

Tax ID: 39-0662755

5 stars - Updated: 7/11/24 - out of 5 stars, based on 51 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Altra is a smaller mortgage company specializing in Home Purchase loans. Altra has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: La Crosse, Tyler, Clarksville, Rochester, and Winona among others. We have data for 99 markets. (Some data included below & more in-depth data is available with an active subscription.)

Altra has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Altra is typically a low 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.

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
Home Equity Line of Credit (HELOC) 4.96% 7/11/24
30 Year Conventional Purchase 6.67% 7/11/24
30 Year Conventional Refi 6.52% 7/11/24
30 Year Cash-out Refi 6.70% 7/11/24
30 Year FHA Purchase 7.53% 7/11/24
30 Year VA Purchase 6.23% 7/11/24
30 Year VA Refi 6.27% 7/11/24
15 Year Conventional Purchase 6.05% 7/11/24
15 Year Conventional Refi 6.13% 7/11/24
15 Year Cash-out Refi 6.13% 7/11/24
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.

Altra Mortgage Calculator






Your Estimates

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

This is not an official calculator from Altra. 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

2,639

Origination Dollar Volume (All Markets)

$447,995,000
Show all (9) awards

Relative Rate

Altra's average 30 year fixed mortgage rate was 6.81%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.33%.

Relative Fees (Closing Costs)

Altra's average total fees/closing costs for a 30 year fixed rate mortgage were $3,392.

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
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1,169 $169,905,000 $145,342 $1,767 6.89%
TYLER, TX (FHA|USDA|VA) 253 $62,945,000 $248,794 $1,976 7.33%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 224 $44,500,000 $198,661 $3,027 6.84%
Outside of Metro Areas 299 $43,295,000 $144,799 $1,778 6.98%
ROCHESTER, MN (FHA|USDA|VA) 184 $39,740,000 $215,978 $3,902 6.88%
Winona, MN (FHA|USDA|VA) 182 $22,550,000 $123,901 $2,488 6.92%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 45 $11,435,000 $254,111 $3,801 6.78%
Jacksonville, TX (FHA|USDA|VA) 34 $8,950,000 $263,235 $3,633 7.03%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 36 $5,680,000 $157,778 $2,397 7.12%
Athens, TX (FHA|USDA|VA) 7 $4,315,000 $616,429 $2,849 6.78%
LONGVIEW, TX (FHA|USDA|VA) 10 $3,050,000 $305,000 $3,187 6.79%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $2,120,000 $1,060,000 $8,558 6.81%
EAU CLAIRE, WI (FHA|USDA|VA) 10 $1,670,000 $167,000 $2,596 6.83%
Palestine, TX (FHA|USDA|VA) 7 $1,435,000 $205,000 $2,114 6.96%
Austin, MN (FHA|USDA|VA) 7 $1,415,000 $202,143 $2,067 6.87%
MADISON, WI (FHA|USDA|VA) 9 $1,375,000 $152,778 $2,313 6.99%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 7 $1,195,000 $170,714 $1,489 6.50%
Red Wing, MN (FHA|USDA|VA) 7 $1,185,000 $169,286 $2,354 7.69%
Baraboo, WI (FHA|USDA|VA) 4 $1,140,000 $285,000 $3,016 7.04%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $1,095,000 $219,000 $2,556 6.77%
Key West, FL (FHA|USDA|VA) 1 $875,000 $875,000 $8,262 7.13%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $795,000 $795,000 $9,226 6.25%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 7 $685,000 $97,857 $1,014 8.94%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 7 $685,000 $97,857 $1,203 6.87%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $620,000 $155,000 $426 7.68%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 8 $610,000 $76,250 $112 8.02%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 7 $585,000 $83,571 $579 7.74%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $570,000 $285,000 $5,030 6.87%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $560,000 $140,000 $113 6.75%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $560,000 $280,000 $73 8.25%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 3 $545,000 $181,667 $1,733 7.88%
Albert Lea, MN (FHA|USDA|VA) 4 $490,000 $122,500 $2,289 7.01%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $465,000 $155,000 $0 7.08%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $430,000 $215,000 $110 6.12%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 3 $425,000 $141,667 $2,272 7.25%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $415,000 $415,000 $11,032 4.83%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $400,000 $200,000 $0 5.99%
FOND DU LAC, WI (FHA|USDA|VA) 3 $395,000 $131,667 $1,844 6.45%
DULUTH, MN-WI (FHA|USDA|VA) 1 $395,000 $395,000 $3,441 5.75%
CLEVELAND, TN (FHA|USDA|VA) 1 $375,000 $375,000 $3,334 6.40%
Dayton, TN (FHA|USDA|VA) 1 $355,000 $355,000 $3,413 6.93%
Marquette, MI (FHA|USDA|VA) 1 $345,000 $345,000 $0 5.99%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $330,000 $165,000 $1,486 6.93%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $320,000 $160,000 $503 7.09%
Faribault-Northfield, MN (FHA|USDA|VA) 1 $315,000 $315,000 $2,602 7.38%
RACINE, WI (FHA|USDA|VA) 1 $295,000 $295,000 $2,205 6.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $275,000 $275,000 $0 6.49%
Lewisburg, TN (FHA|USDA|VA) 2 $270,000 $135,000 $625 8.24%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $255,000 $255,000 $0 6.49%
Lufkin, TX (FHA|USDA|VA) 1 $255,000 $255,000 $13,036 5.45%
THE VILLAGES, FL (FHA|USDA|VA) 2 $250,000 $125,000 $3,833 6.06%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $250,000 $125,000 $565 7.24%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $230,000 $115,000 $1,626 7.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $225,000 $225,000 $139 8.99%
PANAMA CITY, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 5.99%
Stevens Point, WI (FHA|USDA|VA) 1 $195,000 $195,000 $2,633 6.40%
ST. CLOUD, MN (FHA|USDA|VA) 1 $185,000 $185,000 $2,863 5.75%
Marshall, MN (FHA|USDA|VA) 1 $165,000 $165,000 $6,630 6.13%
Paris, TN (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.99%
Mineral Wells, TX (FHA|USDA|VA) 1 $155,000 $155,000 $1,161 8.74%
VALLEJO, CA (FHA|USDA|VA) 1 $155,000 $155,000 $629 7.99%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $145,000 $145,000 $0 8.99%
WACO, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,561 6.00%
SAVANNAH, GA (FHA|USDA|VA) 2 $130,000 $65,000 $0 6.99%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $130,000 $65,000 $591 6.12%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.75%
Madisonville, KY (FHA|USDA|VA) 1 $125,000 $125,000 $2,878 8.05%
PUEBLO, CO (FHA|USDA|VA) 2 $120,000 $60,000 $113 8.12%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $115,000 $115,000 $674 7.99%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $110,000 $55,000 $595 6.24%
RICHMOND, VA (FHA|USDA|VA) 2 $110,000 $55,000 $597 6.24%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.26%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.99%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $85,000 $85,000 $608 7.99%
Paris, TX (FHA|USDA|VA) 1 $85,000 $85,000 $3,269 7.65%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.99%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.49%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.49%
KNOXVILLE, TN (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.38%
Alexandria, MN (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.99%
Mason City, IA (FHA|USDA|VA) 1 $75,000 $75,000 $95 8.24%
WAUSAU-WESTON, WI (FHA|USDA|VA) 2 $70,000 $35,000 $696 8.12%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.50%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $60,000 $30,000 $126 6.24%
AKRON, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.49%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.49%
Beaver Dam, WI (FHA|USDA|VA) 1 $55,000 $55,000 $70 6.49%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $55,000 $55,000 $713 12.49%
Platteville, WI (FHA|USDA|VA) 1 $55,000 $55,000 $2,208 6.85%
TUCSON, AZ (FHA|USDA|VA) 1 $45,000 $45,000 $75 6.49%
Whitewater, WI (FHA|USDA|VA) 1 $45,000 $45,000 $611 7.49%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.99%
Frankfort, KY (FHA|USDA|VA) 1 $45,000 $45,000 $653 7.49%
Mount Gay-Shamrock, WV (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.49%
Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $35,000 $35,000 $95 8.24%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $25,000 $25,000 $133 10.49%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.99%
APPLETON, WI (FHA|USDA|VA) 1 $25,000 $25,000 $70 6.49%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.49%
Altra's top markets include La Crosse, Tyler, Clarksville, Rochester, and Winona among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against ALTRA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    CO-OP Credit Union
    Similarity Rank: 28
    NORTHWESTERN MUTUAL
    Similarity Rank: 44
    Glacier Hills Credit Union
    Similarity Rank: 54
    South Metro Federal Credit Union
    Similarity Rank: 55
    National Exchange Bank and Trust
    Similarity Rank: 112
    First Farmers and Merchants Bank
    Similarity Rank: 130
    Starion Bank
    Similarity Rank: 147
    Citizens Bank
    Similarity Rank: 192
    Empower Credit Union
    Similarity Rank: 203

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,739 $371,305,000 $213,516 $2,087 7.20%
    HELOC 877 $69,945,000 $79,755 n/a 6.50%
    VA 12 $4,030,000 $335,833 $8,936 6.23%
    FHA 11 $2,715,000 $246,818 $8,880 6.25%

    For 2023, Altra's most frequently originated type of loan was Conventional, with 1,739 originations. Their 2nd most popular type was HELOC, with 877 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 966 $240,600,000 $249,068 $3,292 6.82%
    Home Improvement 586 $37,460,000 $63,925 $248 6.91%
    Other 490 $33,820,000 $69,020 $249 7.22%
    Refi 465 $84,315,000 $181,323 $1,889 7.04%
    Cash Out Refi 132 $51,800,000 $392,424 $2,677 6.93%

    For 2023, Altra's most frequently cited loan purpose was Home Purchase, with 966 originations. The 2nd most popular reason was Home Improvement, with 586 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 1,086 $81,720,000 $75,249 $341 6.76%
    30 Year 936 $260,270,000 $278,066 $3,392 6.81%
    15 Year 343 $41,485,000 $120,948 $847 7.69%
    Other 238 $56,790,000 $238,613 $387 7.49%
    5 Year 19 $3,795,000 $199,737 $90 6.30%
    20 Year 16 $3,760,000 $235,000 $2,322 6.56%
    3 Year 1 $175,000 $175,000 $0 7.19%

    For 2023, Altra's most frequently cited loan duration was 10 Year, with 1,086 originations. The 2nd most popular length was 30 Year, with 936 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,309 $217,445,000 $166,115
    $1k-2k 190 $46,660,000 $245,579
    $2k-3k 116 $36,620,000 $315,690
    $3k-4k 32 $13,920,000 $435,000
    $5k+ 22 $8,530,000 $387,727
    $4k-5k 8 $2,850,000 $356,250

    Altra's average total fees were $3,392, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,309 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,094 $211,040,000 $192,907
    7-8% 647 $118,575,000 $183,269
    5-6% 562 $85,340,000 $151,851
    Over 8% 310 $28,500,000 $91,935
    4-5% 24 $4,350,000 $181,250
    <2.5% 1 $125,000 $125,000
    2.5-3% 1 $65,000 $65,000

    During 2023, Altra's average interest rate for loans was 6.81%, while their most frequently originated rate bucket for loans was 6-7%, with 1,094 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,237 $59,815,000 $48,355 $412 7.12%
    $100k-200k 612 $87,970,000 $143,742 $2,200 6.94%
    $200k-400k 604 $168,340,000 $278,709 $3,311 6.77%
    $400k-600k 133 $63,645,000 $478,534 $4,746 6.60%
    $600k-1MM 36 $25,310,000 $703,056 $4,461 6.56%
    $1MM+ 17 $42,915,000 $2,524,412 $7,069 6.41%

    2023 saw Altra place emphasis on $100,000 or less loans with 1,237 originations, totaling $59,815,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 726 $111,610,000 $153,733 $2,257 7.05%
    $75k-100k 515 $69,915,000 $135,757 $2,064 7.01%
    $50k-75k 487 $57,195,000 $117,444 $1,981 6.95%
    $150k-250k 432 $90,600,000 $209,722 $2,462 6.94%
    $50k or less 262 $22,550,000 $86,069 $1,514 6.84%
    $250k+ 119 $39,905,000 $335,336 $3,379 6.73%

    Altra lent most frequently to those with incomes in the $100k-150k range, with 726 originations. The second most popular income band? $75k-100k, with 515 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 561 $69,915,000 $124,626 $1,884 6.79%
    30-36% 472 $70,060,000 $148,432 $2,210 6.94%
    <20% 217 $25,975,000 $119,700 $1,728 6.51%
    50-60% 118 $20,070,000 $170,085 $1,941 7.06%
    42% 99 $17,175,000 $173,485 $2,146 7.22%
    36% 93 $16,465,000 $177,043 $2,268 6.88%
    39% 93 $17,485,000 $188,011 $2,213 7.13%
    40% 92 $14,090,000 $153,152 $2,174 7.07%
    43% 89 $13,685,000 $153,764 $2,338 7.27%
    44% 87 $15,335,000 $176,264 $2,405 7.21%
    38% 83 $11,365,000 $136,928 $1,836 7.07%
    37% 81 $14,185,000 $175,123 $2,205 7.04%
    41% 81 $17,785,000 $219,568 $2,441 7.05%
    47% 79 $15,125,000 $191,456 $2,639 7.03%
    46% 74 $14,290,000 $193,108 $2,289 7.42%
    45% 71 $12,995,000 $183,028 $2,714 7.50%
    48% 68 $11,120,000 $163,529 $3,144 6.92%
    49% 64 $13,570,000 $212,031 $2,919 6.86%
    >60% 26 $4,200,000 $161,538 $787 7.23%

    Altra lent most frequently to those with DTI ratios of 20-30%, with 561 originations. The next most common DTI ratio? 30-36%, with 472 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,254 $356,070,000 $157,972 $2,089 6.95%
    Not provided 235 $56,535,000 $240,574 $3,046 6.92%
    Not applicable 19 $14,725,000 $775,000 $0 6.58%
    Asian 53 $8,705,000 $164,245 $2,444 7.12%
    Black 65 $8,115,000 $124,846 $1,314 7.52%
    Asian Indian 2 $2,180,000 $1,090,000 $6,161 6.48%
    American Indian 6 $730,000 $121,667 $1,588 6.51%
    Other Asian 3 $725,000 $241,667 $2,560 6.95%
    Native Hawaiian or Islander 2 $210,000 $105,000 $136 7.75%

    Approval Rates

    Total approvals of all applications
    91.75%

    Altra has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.12%

    Altra has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,639 $447,995,000 $169,759

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,639 $447,995,000 $169,759

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 527 $47,865,000 $90,825 $568 7.12%
    40-60% 255 $50,285,000 $197,196 $1,812 6.82%
    60-80% 397 $128,125,000 $322,733 $3,092 6.75%
    80-100% 670 $187,320,000 $279,582 $3,394 6.84%
    Over 100% 4 $1,110,000 $277,500 $8,010 6.50%
    Under 20% 786 $33,290,000 $42,354 $251 7.10%