Altra Mortgage Rates, Fees & Info

ONALASKA, WI

LEI: 549300A0SVCQJPHVGV20

Tax ID: 39-0662755

5 stars - out of 5 stars, based on 75 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Altra is a smaller mortgage company specializing in Refi and 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, Rochester, Clarksville, and Winona among others. We have data for 133 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 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
    Home Equity Line of Credit (HELOC) 6.29% 10/3/22
    30 Year Conventional Purchase 6.61% 10/3/22
    30 Year Conventional Refi 6.54% 10/3/22
    30 Year Cash-out Refi 6.65% 10/3/22
    30 Year FHA Purchase 7.34% 10/3/22
    30 Year FHA Refi 7.73% 10/3/22
    30 Year VA Purchase 6.18% 10/3/22
    30 Year VA Refi 6.01% 10/3/22
    15 Year Conventional Purchase 6.18% 10/3/22
    15 Year Conventional Refi 6.35% 10/3/22
    15 Year Cash-out Refi 6.35% 10/3/22
    15 Year VA Refi 5.91% 10/3/22
    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.


    Originations

    5,610

    Origination Dollar Volume (All Markets)

    $975,430,000
    Show all (10) awards

    Relative Rate

    Altra's average 30 year fixed mortgage rate was 3.16%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.01%.

    Relative Fees (Closing Costs)

    Altra's average total fees/closing costs for a 30 year fixed rate mortgage were $2,489.

    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 $4,750.

    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) 2,726 $438,380,000 $160,814 $1,326 2.99%
    Outside of Metro Areas 701 $108,165,000 $154,301 $1,497 3.10%
    TYLER, TX (FHA|USDA|VA) 453 $104,715,000 $231,159 $1,866 3.21%
    ROCHESTER, MN (FHA|USDA|VA) 344 $76,690,000 $222,936 $3,162 2.93%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 391 $68,955,000 $176,355 $2,326 3.19%
    Winona, MN (FHA|USDA|VA) 383 $55,605,000 $145,183 $2,478 3.01%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 83 $18,715,000 $225,482 $2,103 2.94%
    Jacksonville, TX (FHA|USDA|VA) 46 $12,270,000 $266,739 $2,673 3.02%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 40 $10,130,000 $253,250 $3,445 2.97%
    LONGVIEW, TX (FHA|USDA|VA) 27 $5,335,000 $197,593 $1,939 3.08%
    Athens, TX (FHA|USDA|VA) 25 $4,975,000 $199,000 $2,130 2.98%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 13 $4,195,000 $322,692 $3,723 3.35%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 20 $4,190,000 $209,500 $1,555 3.30%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 15 $3,855,000 $257,000 $2,204 3.69%
    MADISON, WI (FHA|USDA|VA) 18 $3,440,000 $191,111 $1,986 3.09%
    Red Wing, MN (FHA|USDA|VA) 16 $3,110,000 $194,375 $2,885 3.20%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 14 $3,040,000 $217,143 $2,095 2.92%
    Austin, MN (FHA|USDA|VA) 14 $2,510,000 $179,286 $3,137 3.02%
    DULUTH, MN-WI (FHA|USDA|VA) 8 $2,350,000 $293,750 $1,622 3.16%
    PUEBLO, CO (FHA|USDA|VA) 12 $2,120,000 $176,667 $1,930 2.99%
    EAU CLAIRE, WI (FHA|USDA|VA) 17 $1,905,000 $112,059 $1,090 2.96%
    Brainerd, MN (FHA|USDA|VA) 4 $1,830,000 $457,500 $2,096 2.97%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,730,000 $432,500 $4,654 3.07%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 8 $1,440,000 $180,000 $1,626 3.08%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $1,285,000 $257,000 $2,300 3.63%
    APPLETON, WI (FHA|USDA|VA) 6 $1,200,000 $200,000 $1,431 2.72%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $1,035,000 $207,000 $588 2.95%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 7 $1,015,000 $145,000 $1,619 3.08%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 6 $980,000 $163,333 $2,057 2.86%
    Beaver Dam, WI (FHA|USDA|VA) 3 $975,000 $325,000 $2,545 3.47%
    Menomonie, WI (FHA|USDA|VA) 5 $945,000 $189,000 $1,507 2.98%
    Albert Lea, MN (FHA|USDA|VA) 6 $940,000 $156,667 $2,631 3.13%
    Stevens Point, WI (FHA|USDA|VA) 5 $925,000 $185,000 $684 3.02%
    GREEN BAY, WI (FHA|USDA|VA) 1 $855,000 $855,000 $2,181 2.88%
    MANKATO, MN (FHA|USDA|VA) 5 $855,000 $171,000 $1,633 3.15%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 2 $850,000 $425,000 $3,829 3.31%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $770,000 $192,500 $2,228 3.48%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $735,000 $245,000 $1,715 2.95%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $720,000 $180,000 $2,627 3.95%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $715,000 $238,333 $3,392 3.34%
    Owatonna, MN (FHA|USDA|VA) 4 $710,000 $177,500 $2,885 3.14%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 5 $705,000 $141,000 $248 3.26%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $695,000 $231,667 $1,716 2.64%
    Palestine, TX (FHA|USDA|VA) 5 $665,000 $133,000 $1,599 3.13%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 8 $660,000 $82,500 $875 2.69%
    Paris, TN (FHA|USDA|VA) 2 $660,000 $330,000 $2,712 2.63%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $580,000 $290,000 $403 2.99%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $570,000 $285,000 $3,789 3.80%
    RACINE, WI (FHA|USDA|VA) 2 $570,000 $285,000 $2,375 3.20%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $560,000 $280,000 $4,328 4.40%
    Grand Rapids, MN (FHA|USDA|VA) 2 $550,000 $275,000 $1,132 3.20%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 4 $540,000 $135,000 $2,383 2.98%
    Baraboo, WI (FHA|USDA|VA) 4 $520,000 $130,000 $1,118 3.06%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $495,000 $165,000 $2,356 3.20%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $470,000 $235,000 $2,222 3.04%
    Madisonville, KY (FHA|USDA|VA) 2 $450,000 $225,000 $2,438 3.41%
    Faribault-Northfield, MN (FHA|USDA|VA) 4 $410,000 $102,500 $1,664 2.93%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $395,000 $395,000 $0 2.99%
    Whitewater, WI (FHA|USDA|VA) 2 $390,000 $195,000 $1,517 2.75%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $370,000 $92,500 $351 2.99%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $360,000 $180,000 $1,140 2.65%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $340,000 $170,000 $2,374 3.10%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $325,000 $325,000 $591 1.90%
    FORT SMITH, AR-OK (FHA|USDA|VA) 5 $315,000 $63,000 $251 3.22%
    Frankfort, KY (FHA|USDA|VA) 2 $310,000 $155,000 $2,249 2.84%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $275,000 $275,000 $2,519 2.98%
    Granbury, TX (FHA|USDA|VA) 2 $270,000 $135,000 $2,106 3.77%
    Bemidji, MN (FHA|USDA|VA) 1 $255,000 $255,000 $2,853 3.10%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $245,000 $81,667 $632 3.82%
    Nacogdoches, TX (FHA|USDA|VA) 1 $245,000 $245,000 $2,590 3.45%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $235,000 $235,000 $2,109 3.10%
    SAN ANGELO, TX (FHA|USDA|VA) 1 $235,000 $235,000 $1,085 2.99%
    Fairmont, MN (FHA|USDA|VA) 2 $220,000 $110,000 $1,184 2.88%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $215,000 $215,000 $123 2.79%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $215,000 $71,667 $113 2.86%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $210,000 $105,000 $106 2.89%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $205,000 $205,000 $2,376 2.98%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $205,000 $205,000 $2,972 3.68%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $205,000 $205,000 $0 2.99%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $185,000 $185,000 $1,943 3.10%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $175,000 $58,333 $123 3.77%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,151 3.30%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $165,000 $165,000 $684 2.99%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $160,000 $80,000 $1,128 3.64%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $155,000 $155,000 $1,955 2.93%
    Richmond-Berea, KY (FHA|USDA|VA) 1 $155,000 $155,000 $3,248 4.63%
    COLUMBUS, OH (FHA|USDA|VA) 1 $155,000 $155,000 $108 2.39%
    Mount Pleasant, TX (FHA|USDA|VA) 1 $145,000 $145,000 $123 2.99%
    AMES, IA (FHA|USDA|VA) 1 $145,000 $145,000 $1,692 2.65%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $135,000 $135,000 $273 2.79%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $135,000 $135,000 $0 2.99%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $130,000 $65,000 $171 2.69%
    Platteville, WI (FHA|USDA|VA) 1 $125,000 $125,000 $2,256 3.53%
    Manitowoc, WI (FHA|USDA|VA) 1 $125,000 $125,000 $1,746 2.85%
    Marshall, MN (FHA|USDA|VA) 1 $125,000 $125,000 $2,228 3.53%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $125,000 $125,000 $1,910 2.88%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $125,000 $125,000 $0 2.99%
    WACO, TX (FHA|USDA|VA) 1 $125,000 $125,000 $123 2.79%
    Mount Gay-Shamrock, WV (FHA|USDA|VA) 2 $120,000 $60,000 $1,119 3.35%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 2 $120,000 $60,000 $0 2.37%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $2,913 3.28%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $105,000 $105,000 $0 2.99%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $105,000 $105,000 $1,298 2.79%
    Central City, KY (FHA|USDA|VA) 1 $105,000 $105,000 $2,699 3.63%
    BOISE CITY, ID (FHA|USDA|VA) 1 $105,000 $105,000 $0 2.99%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $105,000 $35,000 $0 2.99%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $95,000 $95,000 $2,969 4.38%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $95,000 $95,000 $1,825 3.28%
    AMARILLO, TX (FHA|USDA|VA) 1 $95,000 $95,000 $450 2.39%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $85,000 $85,000 $154 2.99%
    Burlington, IA-IL (FHA|USDA|VA) 1 $85,000 $85,000 $121 2.79%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $85,000 $85,000 $626 8.29%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $85,000 $85,000 $98 2.39%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $85,000 $85,000 $0 2.99%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $75,000 $75,000 $2,402 2.38%
    Durango, CO (FHA|USDA|VA) 1 $65,000 $65,000 $2,538 2.15%
    Worthington, MN (FHA|USDA|VA) 1 $65,000 $65,000 $111 3.99%
    RICHMOND, VA (FHA|USDA|VA) 1 $55,000 $55,000 $0 2.99%
    Athens, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 2.99%
    LaGrange, GA-AL (FHA|USDA|VA) 1 $55,000 $55,000 $478 2.64%
    New Castle, IN (FHA|USDA|VA) 1 $45,000 $45,000 $113 2.99%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $45,000 $45,000 $641 2.79%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $45,000 $45,000 $0 2.99%
    SYRACUSE, NY (FHA|USDA|VA) 1 $35,000 $35,000 $1,434 2.89%
    LAS CRUCES, NM (FHA|USDA|VA) 1 $35,000 $35,000 $878 8.29%
    TULSA, OK (FHA|USDA|VA) 1 $35,000 $35,000 $914 3.29%
    LAWTON, OK (FHA|USDA|VA) 1 $25,000 $25,000 $728 2.89%
    CHICO, CA (FHA|USDA|VA) 1 $25,000 $25,000 $703 6.49%
    Danville, KY (FHA|USDA|VA) 1 $25,000 $25,000 $0 2.99%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $25,000 $25,000 $1,324 3.89%
    ERIE, PA (FHA|USDA|VA) 1 $25,000 $25,000 $0 2.99%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $25,000 $25,000 $0 2.99%
    Mason City, IA (FHA|USDA|VA) 1 $25,000 $25,000 $98 3.29%

    Altra's top markets include La Crosse, Tyler, Rochester, Clarksville, and Winona among others.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,668 $897,620,000 $192,292 $1,706 3.02%
    HELOC 870 $59,830,000 $68,770 n/a 3.18%
    VA 51 $13,735,000 $269,314 $3,134 2.63%
    FHA 21 $4,245,000 $202,143 $7,506 2.93%

    For 2021, Altra's most frequently originated type of loan was Conventional, with 4,668 originations. Their 2nd most popular type was HELOC, with 870 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 2,994 $522,800,000 $174,616 $1,417 2.85%
    Home Purchase 1,400 $316,700,000 $226,214 $2,776 3.17%
    Home Improvement 521 $34,745,000 $66,689 $231 3.38%
    Other 431 $24,675,000 $57,251 $173 3.45%
    Cash Out Refi 264 $76,510,000 $289,811 $2,200 3.28%

    For 2021, Altra's most frequently cited loan purpose was Refi, with 2,994 originations. The 2nd most popular reason was Home Purchase, with 1,400 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,042 $473,360,000 $231,812 $2,489 3.16%
    10 Year 1,470 $127,510,000 $86,741 $636 3.04%
    15 Year 1,370 $238,150,000 $173,832 $1,312 2.82%
    20 Year 433 $84,755,000 $195,739 $1,901 2.90%
    Other 222 $31,070,000 $139,955 $323 3.34%
    5 Year 66 $12,880,000 $195,152 $178 3.89%
    3 Year 7 $7,705,000 $1,100,714 $0 3.76%

    For 2021, Altra's most frequently cited loan duration was 30 Year, with 2,042 originations. The 2nd most popular length was 10 Year, with 1,470 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3,888 $682,940,000 $175,653
    $1k-2k 500 $100,430,000 $200,860
    $2k-3k 244 $74,080,000 $303,607
    $3k-4k 19 $7,475,000 $393,421
    $5k+ 4 $1,680,000 $420,000
    $4k-5k 3 $745,000 $248,333

    Altra's average total fees were $2,489, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,888 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 2,710 $414,140,000 $152,819
    3-4% 1,660 $360,420,000 $217,120
    <2.5% 919 $159,745,000 $173,825
    4-5% 212 $36,730,000 $173,255
    5-6% 66 $2,660,000 $40,303
    6-7% 24 $960,000 $40,000
    7-8% 10 $420,000 $42,000
    Over 8% 9 $355,000 $39,444

    During 2021, Altra's average interest rate for loans was 3.16%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,710 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 2,266 $334,310,000 $147,533 $1,611 2.96%
    $100,000 or less 1,638 $87,630,000 $53,498 $708 3.22%
    $200k-400k 1,454 $389,920,000 $268,171 $2,375 2.99%
    $400k-600k 190 $88,500,000 $465,789 $3,285 2.98%
    $600k-1MM 52 $37,640,000 $723,846 $3,965 2.99%
    $1MM+ 10 $37,430,000 $3,743,000 $4,420 3.77%

    2021 saw Altra place emphasis on $100k-200k loans with 2,266 originations, totaling $334,310,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,365 $248,945,000 $182,377 $1,767 3.00%
    $50k-75k 1,278 $175,810,000 $137,567 $1,726 3.07%
    $75k-100k 1,114 $176,420,000 $158,366 $1,715 3.05%
    $50k or less 809 $84,945,000 $105,000 $1,505 3.12%
    $150k-250k 662 $145,020,000 $219,063 $1,889 3.02%
    $250k+ 231 $82,055,000 $355,216 $2,343 2.89%

    Altra lent most frequently to those with incomes in the $100k-150k range, with 1,365 originations. The second most popular income band? $50k-75k, with 1,278 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,702 $277,410,000 $162,991 $1,626 2.95%
    30-36% 1,061 $175,585,000 $165,490 $1,807 3.06%
    <20% 796 $121,050,000 $152,073 $1,416 2.83%
    36% 190 $32,160,000 $169,263 $1,773 3.08%
    41% 180 $32,920,000 $182,889 $2,011 3.17%
    38% 176 $30,420,000 $172,841 $1,903 3.12%
    39% 172 $29,510,000 $171,570 $2,093 3.29%
    37% 165 $31,575,000 $191,364 $1,934 3.14%
    40% 153 $26,395,000 $172,516 $1,802 3.14%
    42% 150 $27,540,000 $183,600 $1,843 3.22%
    43% 149 $27,275,000 $183,054 $2,001 3.11%
    44% 132 $22,920,000 $173,636 $2,093 3.12%
    45% 97 $16,925,000 $174,485 $1,835 3.15%
    50-60% 91 $14,245,000 $156,538 $1,573 3.35%
    47% 80 $16,140,000 $201,750 $2,190 3.29%
    48% 78 $15,480,000 $198,462 $2,056 2.99%
    49% 73 $12,955,000 $177,466 $2,082 3.16%
    46% 70 $14,160,000 $202,286 $2,335 3.06%
    >60% 20 $2,700,000 $135,000 $439 3.12%

    Altra lent most frequently to those with DTI ratios of 20-30%, with 1,702 originations. The next most common DTI ratio? 30-36%, with 1,061 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,837 $813,705,000 $168,225 $1,682 3.05%
    Not provided 509 $102,055,000 $200,501 $2,231 2.97%
    Asian 111 $23,505,000 $211,757 $1,881 2.91%
    Black 99 $17,435,000 $176,111 $1,919 3.37%
    Not applicable 14 $9,370,000 $669,286 $0 3.99%
    American Indian 22 $4,040,000 $183,636 $2,045 3.07%
    Asian Indian 8 $3,330,000 $416,250 $3,513 2.75%
    Native Hawaiian or Islander 7 $1,015,000 $145,000 $1,551 3.26%
    Other Asian 2 $920,000 $460,000 $1,627 2.53%
    Native Hawaiian 1 $55,000 $55,000 $0 2.99%

    Approval Rates

    Total approvals of all applications
    96.30%

    Altra 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
    91.21%

    Altra has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,610 $975,430,000 $173,873

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    5,610 $975,430,000 $173,873

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 619 $55,505,000 $89,669 $737 2.95%
    40-60% 979 $148,545,000 $151,731 $1,342 2.74%
    60-80% 1,861 $395,555,000 $212,550 $1,704 2.97%
    80-100% 1,441 $348,185,000 $241,627 $2,544 3.17%
    Over 100% 6 $3,420,000 $570,000 $11,895 3.10%
    Under 20% 704 $24,220,000 $34,403 $238 3.48%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Aldridge Pite, LLP Conventional home mortgage Closing on a mortgage 1 14.3%
    Aldridge Pite, LLP Conventional home mortgage Struggling to pay mortgage 2 28.6%
    Aldridge Pite, LLP Conventional home mortgage Trouble during payment process 1 14.3%
    Aldridge Pite, LLP FHA mortgage Struggling to pay mortgage 2 28.6%
    Aldridge Pite, LLP Other type of mortgage Trouble during payment process 1 14.3%