Altra Mortgage Rates, Fees & Info
ONALASKA, WILEI: 549300A0SVCQJPHVGV20
Tax ID: 39-0662755
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Mortgage Data
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, Winona, Rochester, and Clarksville among others. We have data for 119 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 4.96% | 11/17/24 |
| 30 Year Conventional Purchase | 6.67% | 11/17/24 |
| 30 Year Conventional Refi | 6.52% | 11/17/24 |
| 30 Year Cash-out Refi | 6.70% | 11/17/24 |
| 30 Year FHA Purchase | 7.53% | 11/17/24 |
| 30 Year VA Purchase | 6.23% | 11/17/24 |
| 30 Year VA Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 6.05% | 11/17/24 |
| 15 Year Conventional Refi | 6.13% | 11/17/24 |
| 15 Year Cash-out Refi | 6.13% | 11/17/24 |
| 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. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,874Origination Dollar Volume (All Markets)
$569,310,000Awards
ALTRA - 2019
ALTRA is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 2,024 | $278,090,000 | $137,396 | $1,384 | 3.88% |
| Outside of Metro Areas | 459 | $61,065,000 | $133,039 | $1,475 | 4.01% |
| TYLER, TX (FHA|USDA|VA) | 261 | $52,525,000 | $201,245 | $2,059 | 4.23% |
| Winona, MN (FHA|USDA|VA) | 301 | $42,295,000 | $140,515 | $2,535 | 3.85% |
| ROCHESTER, MN (FHA|USDA|VA) | 191 | $35,285,000 | $184,738 | $2,692 | 3.82% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 238 | $33,210,000 | $139,538 | $2,012 | 4.14% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 56 | $11,660,000 | $208,214 | $2,562 | 4.17% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 22 | $4,810,000 | $218,636 | $3,205 | 4.10% |
| Jacksonville, TX (FHA|USDA|VA) | 27 | $4,725,000 | $175,000 | $2,314 | 4.09% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 13 | $3,525,000 | $271,154 | $3,795 | 4.16% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 13 | $3,305,000 | $254,231 | $1,589 | 4.01% |
| LONGVIEW, TX (FHA|USDA|VA) | 22 | $2,600,000 | $118,182 | $1,466 | 4.33% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 12 | $2,100,000 | $175,000 | $2,037 | 4.35% |
| Athens, TX (FHA|USDA|VA) | 15 | $1,655,000 | $110,333 | $1,643 | 3.93% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 15 | $1,635,000 | $109,000 | $1,327 | 4.21% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 10 | $1,570,000 | $157,000 | $1,919 | 3.59% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $1,460,000 | $243,333 | $1,438 | 4.82% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $1,310,000 | $218,333 | $2,317 | 4.05% |
| MADISON, WI (FHA|USDA|VA) | 10 | $1,250,000 | $125,000 | $1,799 | 3.89% |
| Austin, MN (FHA|USDA|VA) | 8 | $1,120,000 | $140,000 | $2,755 | 3.77% |
| Red Wing, MN (FHA|USDA|VA) | 8 | $1,110,000 | $138,750 | $2,735 | 3.93% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 7 | $985,000 | $140,714 | $451 | 4.59% |
| GREEN BAY, WI (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $1,207 | 4.20% |
| DULUTH, MN-WI (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $1,986 | 4.06% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $3,851 | 4.08% |
| Edwards, CO (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $2,693 | 3.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $3,523 | 3.48% |
| Brainerd, MN (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $2,928 | 3.85% |
| Owatonna, MN (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $2,699 | 3.68% |
| El Campo, TX (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,608 | 4.23% |
| PUEBLO, CO (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $1,262 | 4.50% |
| Nacogdoches, TX (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $2,944 | 3.74% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,916 | 5.15% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $2,472 | 3.97% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $285 | 3.19% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $2,335 | 4.22% |
| MANKATO, MN (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $1,566 | 4.30% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,141 | 3.28% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,431 | 4.20% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $1,769 | 4.10% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,103 | 3.86% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,398 | 4.28% |
| Whitewater, WI (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $1,541 | 4.23% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 4 | $320,000 | $80,000 | $106 | 3.98% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $588 | 3.64% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,185 | 4.28% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 3.49% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,532 | 4.25% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,977 | 4.33% |
| Hutchinson, MN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,366 | 4.23% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,261 | 4.19% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $1,934 | 4.10% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,182 | 4.25% |
| Menomonie, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,592 | 3.85% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,592 | 4.88% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,653 | 4.50% |
| RACINE, WI (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $1,747 | 4.01% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,250 | 3.83% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,502 | 3.95% |
| Alexandria, MN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,549 | 4.60% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,345 | 4.00% |
| APPLETON, WI (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $2,247 | 3.93% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $659 | 2.89% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,093 | 4.08% |
| Worthington, MN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,585 | 3.43% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $1,247 | 3.47% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,825 | 3.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $1,083 | 4.91% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,321 | 3.59% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 3.49% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $620 | 5.02% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 2.99% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $1,425 | 3.49% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $108 | 2.89% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,597 | 3.55% |
| Somerset, KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,257 | 4.08% |
| WACO, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,291 | 3.60% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $134 | 4.29% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.49% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,549 | 4.58% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.49% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $115 | 5.09% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $93 | 3.19% |
| Palestine, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,039 | 4.65% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,448 | 4.13% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.49% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $78 | 3.29% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.49% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.49% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $128 | 6.92% |
| Mount Sterling, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,976 | 3.88% |
| Platteville, WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,072 | 5.03% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 3.49% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $883 | 4.79% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,682 | 4.38% |
| Albert Lea, MN (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $948 | 5.46% |
| New Castle, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.49% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $298 | 5.79% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 2.49% |
| Adrian, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 3.49% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $96 | 3.54% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,017 | 4.50% |
| Marshall, MN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,125 | 4.25% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 3.49% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 3.49% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,777 | 4.25% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $112 | 4.79% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $139 | 3.19% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $101 | 4.44% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,225 | 4.25% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 3.49% |
| AKRON, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $96 | 2.89% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.49% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $131 | 6.79% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $123 | 3.79% |
| Salem, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.49% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,128 | 8.29% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $161 | 3.59% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $601 | 4.79% |
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.
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Product Mix
For 2019, Altra's most frequently originated type of loan was Conventional, with 2,969 originations. Their 2nd most popular type was HELOC, with 811 originations.
Loan Reason
For 2019, Altra's most frequently cited loan purpose was Refi, with 1,407 originations. The 2nd most popular reason was Home Purchase, with 1,336 originations.
Loan Duration/Length
For 2019, Altra's most frequently cited loan duration was 30 Year, with 1,584 originations. The 2nd most popular length was 10 Year, with 1,417 originations.
Origination Fees/Closing Costs
Altra's average total fees were $2,421, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,554 originations.
Interest Rates
During 2019, Altra's average interest rate for loans was 4.10%, while their most frequently originated rate bucket for loans was 3-4%, with 2,209 originations.
Loan Sizing
2019 saw Altra place emphasis on $100,000 or less loans with 1,496 originations, totaling $71,000,000 in origination value.
Applicant Income
Altra lent most frequently to those with incomes in the $100k-150k range, with 916 originations. The second most popular income band? $50k-75k, with 848 originations.
Applicant Debt to Income Ratio
Altra lent most frequently to those with DTI ratios of 20-30%, with 1,106 originations. The next most common DTI ratio? 30-36%, with 747 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.43%
Altra has an average approval rate.
Pick Rate
Approvals leading to origination90.40%
Altra has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,874 | $569,310,000 | $146,957 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Aldridge Pite, LLP | Conventional home mortgage | Struggling to pay mortgage | 4 | 80.0% |
| Aldridge Pite, LLP | Other type of mortgage | Struggling to pay mortgage | 1 | 20.0% |