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, 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 4.96% | 4/21/24 |
| 30 Year Conventional Purchase | 6.67% | 4/21/24 |
| 30 Year Conventional Refi | 6.52% | 4/21/24 |
| 30 Year Cash-out Refi | 6.70% | 4/21/24 |
| 30 Year FHA Purchase | 7.53% | 4/21/24 |
| 30 Year VA Purchase | 6.23% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 6.05% | 4/21/24 |
| 15 Year Conventional Refi | 6.13% | 4/21/24 |
| 15 Year Cash-out Refi | 6.13% | 4/21/24 |
| 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. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
5,610Origination Dollar Volume (All Markets)
$975,430,000Awards
ALTRA - 2021
ALTRA is a 2021 , due to their low .
For 2021, 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) | 2,726 | $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, KY (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% |
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Product Mix
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
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
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
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
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
2021 saw Altra place emphasis on $100k-200k loans with 2,266 originations, totaling $334,310,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications96.30%
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 origination91.21%
Altra has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,610 | $975,430,000 | $173,873 |
LTV Distribution
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% |