Altra Mortgage Rates, Fees & Info
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Tax ID: 39-0662755
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Mortgage Data
Review & Overview
Altra is a smaller mortgage company specializing in Home Purchase and Refi 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 118 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% | 11/22/24 |
| 30 Year Conventional Purchase | 6.67% | 11/22/24 |
| 30 Year Conventional Refi | 6.52% | 11/22/24 |
| 30 Year Cash-out Refi | 6.70% | 11/22/24 |
| 30 Year FHA Purchase | 7.53% | 11/22/24 |
| 30 Year VA Purchase | 6.23% | 11/22/24 |
| 30 Year VA Refi | 6.27% | 11/22/24 |
| 15 Year Conventional Purchase | 6.05% | 11/22/24 |
| 15 Year Conventional Refi | 6.13% | 11/22/24 |
| 15 Year Cash-out Refi | 6.13% | 11/22/24 |
| 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
3,720Origination Dollar Volume (All Markets)
$684,150,000Awards
ALTRA - 2022
ALTRA is a 2022 , due to their low .
For 2022, 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) | 1,561 | $253,295,000 | $162,265 | $1,696 | 4.27% |
| TYLER, TX (FHA|USDA|VA) | 363 | $84,155,000 | $231,832 | $2,462 | 4.84% |
| Outside of Metro Areas | 462 | $78,050,000 | $168,939 | $1,823 | 4.39% |
| ROCHESTER, MN (FHA|USDA|VA) | 276 | $57,880,000 | $209,710 | $3,354 | 4.44% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 308 | $51,240,000 | $166,364 | $3,009 | 4.37% |
| Winona, MN (FHA|USDA|VA) | 253 | $36,315,000 | $143,538 | $2,697 | 4.20% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 65 | $22,735,000 | $349,769 | $2,861 | 4.27% |
| Red Wing, MN (FHA|USDA|VA) | 22 | $14,590,000 | $663,182 | $3,609 | 4.52% |
| Jacksonville, TX (FHA|USDA|VA) | 57 | $10,215,000 | $179,211 | $2,089 | 4.94% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 38 | $8,270,000 | $217,632 | $3,089 | 4.23% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $5,720,000 | $2,860,000 | $3,335 | 5.77% |
| LONGVIEW, TX (FHA|USDA|VA) | 26 | $5,260,000 | $202,308 | $2,737 | 4.95% |
| Athens, TX (FHA|USDA|VA) | 22 | $4,460,000 | $202,727 | $3,220 | 4.91% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 17 | $3,145,000 | $185,000 | $2,949 | 4.98% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $2,320,000 | $386,667 | $1,621 | 3.84% |
| MADISON, WI (FHA|USDA|VA) | 12 | $2,230,000 | $185,833 | $1,897 | 3.56% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 11 | $2,195,000 | $199,545 | $1,584 | 4.76% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $1,815,000 | $605,000 | $6,705 | 3.67% |
| OCALA, FL (FHA|USDA|VA) | 1 | $1,765,000 | $1,765,000 | $15,465 | 5.38% |
| PUEBLO, CO (FHA|USDA|VA) | 10 | $1,760,000 | $176,000 | $1,399 | 4.94% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 10 | $1,630,000 | $163,000 | $1,806 | 4.14% |
| Austin, MN (FHA|USDA|VA) | 10 | $1,570,000 | $157,000 | $2,484 | 3.93% |
| KNOXVILLE, TN (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $3,507 | 4.37% |
| Palestine, TX (FHA|USDA|VA) | 8 | $1,220,000 | $152,500 | $3,001 | 5.12% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $3,573 | 4.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $4,701 | 4.62% |
| GREEN BAY, WI (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $978 | 4.67% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $5,552 | 4.17% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $870,000 | $108,750 | $1,681 | 3.99% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $3,654 | 3.93% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 6 | $840,000 | $140,000 | $161 | 3.04% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $5,408 | 4.21% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $1,768 | 4.81% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $3,697 | 4.19% |
| MANKATO, MN (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $2,617 | 4.09% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $3,930 | 4.93% |
| Paris, TN (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $2,755 | 4.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $3,104 | 3.64% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $4,148 | 3.58% |
| APPLETON, WI (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $2,013 | 3.74% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $6,360 | 4.13% |
| MORRISTOWN, TN (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,104 | 4.37% |
| AMES, IA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $2,818 | 3.78% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,198 | 4.00% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $2,221 | 4.93% |
| Baraboo, WI (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $2,811 | 4.71% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $480 | 2.89% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $3,692 | 3.79% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $6,449 | 4.88% |
| TULSA, OK (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $4,170 | 4.54% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $2,916 | 2.50% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 2.99% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $1,076 | 3.29% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,637 | 3.43% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $713 | 5.49% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $1,061 | 2.79% |
| Owatonna, MN (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $2,557 | 6.34% |
| FOND DU LAC, WI (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,228 | 4.64% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,906 | 3.81% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 2.99% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,039 | 4.25% |
| Albert Lea, MN (FHA|USDA|VA) | 4 | $320,000 | $80,000 | $1,636 | 5.24% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $320,000 | $80,000 | $621 | 3.82% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,265 | 3.43% |
| Durango, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,556 | 5.25% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 2.99% |
| Bemidji, MN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,185 | 4.88% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $110 | 2.89% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,323 | 5.38% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 4.88% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,665 | 4.40% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,577 | 4.13% |
| Paducah, KY-IL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,177 | 3.90% |
| Crossville, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 2.99% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $751 | 4.74% |
| WACO, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $100 | 5.39% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,736 | 2.53% |
| Richmond-Berea, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,887 | 5.50% |
| Platteville, WI (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $1,532 | 3.58% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 3.49% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.19% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 2.99% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,011 | 5.48% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $513 | 4.32% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,320 | 6.23% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $133 | 5.87% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 4 | $160,000 | $40,000 | $586 | 4.82% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 3.24% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.49% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 2.99% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.99% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $688 | 5.99% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,578 | 5.88% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $690 | 5.74% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.99% |
| Fort Dodge, IA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $743 | 3.64% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,787 | 4.48% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $808 | 7.22% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,545 | 4.75% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $886 | 8.29% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.49% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $108 | 2.99% |
| Hood River, OR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 2.99% |
| Vidalia, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 3.49% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 3.49% |
| Holland, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $100 | 4.74% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $626 | 4.49% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $645 | 10.99% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 2.99% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 3.49% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $98 | 6.99% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 2.99% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $113 | 6.99% |
| Frankfort, KY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $133 | 3.99% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 2.99% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 2.99% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $113 | 4.49% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 3.49% |
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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 2022, Altra's most frequently originated type of loan was Conventional, with 2,653 originations. Their 2nd most popular type was HELOC, with 1,048 originations.
Loan Reason
For 2022, Altra's most frequently cited loan purpose was Home Purchase, with 1,423 originations. The 2nd most popular reason was Refi, with 874 originations.
Loan Duration/Length
For 2022, Altra's most frequently cited loan duration was 30 Year, with 1,488 originations. The 2nd most popular length was 10 Year, with 1,310 originations.
Origination Fees/Closing Costs
Altra's average total fees were $3,119, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,854 originations.
Interest Rates
During 2022, Altra's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 3-4%, with 939 originations.
Loan Sizing
2022 saw Altra place emphasis on $100,000 or less loans with 1,405 originations, totaling $68,915,000 in origination value.
Applicant Income
Altra lent most frequently to those with incomes in the $100k-150k range, with 941 originations. The second most popular income band? $50k-75k, with 775 originations.
Applicant Debt to Income Ratio
Altra lent most frequently to those with DTI ratios of 20-30%, with 904 originations. The next most common DTI ratio? 30-36%, with 741 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.33%
Altra has an average approval rate.
Pick Rate
Approvals leading to origination93.06%
Altra has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,720 | $684,150,000 | $183,911 |