Ascend Federal Credit Union Mortgage Rates, Fees & Info

Tullahoma, TN

LEI: 549300E1PJPTI4YS7H26

Tax ID: 62-0527850

5 stars - out of 5 stars, based on 46 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Ascend Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Ascend Federal Credit Union has a high proportion of conventional loans. Their top markets include Nashville, Tullahoma, Shelbyville, Lewisburg, and Mcminnville among others. Ascend Federal Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Ascend Federal Credit Union is typically a low fee lendor.


Originations

2,161

Origination Dollar Volume (All Markets)

$376,855,000
Show all (8) awards

Relative Rate

Ascend Federal Credit Union's average 30 year fixed rate mortgage of loans were 3.2%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.05%.

Relative Fees

Ascend Federal Credit Union's average total fees for a 30 year fixed rate mortgage are $3,265.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1,396 $259,030,000 $185,552 $3,423 3.23%
Tullahoma-Manchester, TN (FHA|USDA|VA) 418 $61,650,000 $147,488 $2,731 3.07%
Shelbyville, TN (FHA|USDA|VA) 88 $13,740,000 $156,136 $2,709 3.22%
Outside of Metro Areas 62 $9,090,000 $146,613 $2,739 3.23%
Lewisburg, TN (FHA|USDA|VA) 56 $8,180,000 $146,071 $2,653 3.22%
McMinnville, TN (FHA|USDA|VA) 39 $5,215,000 $133,718 $2,869 3.20%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 19 $3,905,000 $205,526 $2,791 3.69%
Cookeville, TN (FHA|USDA|VA) 18 $2,340,000 $130,000 $3,330 3.04%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 11 $2,165,000 $196,818 $3,184 3.10%
Lawrenceburg, TN (FHA|USDA|VA) 10 $1,700,000 $170,000 $4,180 3.01%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,590,000 $795,000 $5,545 2.44%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $1,195,000 $239,000 $3,634 2.62%
JACKSON, TN (FHA|USDA|VA) 5 $815,000 $163,000 $2,683 3.30%
HUNTSVILLE, AL (FHA|USDA|VA) 3 $615,000 $205,000 $3,650 2.67%
PANAMA CITY, FL (FHA|USDA|VA) 4 $590,000 $147,500 $2,599 2.53%
SAVANNAH, GA (FHA|USDA|VA) 1 $545,000 $545,000 $5,431 2.99%
CLEVELAND, TN (FHA|USDA|VA) 3 $495,000 $165,000 $4,341 2.67%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $455,000 $455,000 $9,501 3.00%
Crossville, TN (FHA|USDA|VA) 4 $420,000 $105,000 $3,510 3.50%
Scottsboro, AL (FHA|USDA|VA) 2 $410,000 $205,000 $2,840 2.68%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $405,000 $135,000 $2,761 2.75%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $375,000 $375,000 $2,758 2.25%
KNOXVILLE, TN (FHA|USDA|VA) 2 $330,000 $165,000 $0 3.75%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $315,000 $315,000 $5,175 2.50%
Paris, TN (FHA|USDA|VA) 1 $255,000 $255,000 $2,556 2.25%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $245,000 $245,000 $3,840 2.25%
Union City, TN (FHA|USDA|VA) 1 $205,000 $205,000 $2,801 2.99%
Paducah, KY-IL (FHA|USDA|VA) 1 $185,000 $185,000 $3,092 2.50%
Cullman, AL (FHA|USDA|VA) 1 $165,000 $165,000 $1,916 3.75%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $155,000 $155,000 $3,018 2.50%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $75,000 $75,000 $2,563 2.88%

Ascend Federal Credit Union's top markets include Nashville, Tullahoma, Shelbyville, Lewisburg, and Mcminnville among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,123 $367,105,000 $172,918 $3,081 3.20%
VA 38 $9,750,000 $256,579 $6,990 2.40%

For the 2021 period, Ascend Federal Credit Union's most frequently originated loan type of loans were Conventional, with 2,123 originations. Their 2nd most popular type is VA, with 38 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 1,198 $161,120,000 $134,491 $2,993 3.41%
Refi 584 $117,350,000 $200,942 $3,186 2.65%
Home Purchase 379 $98,385,000 $259,591 $3,457 3.31%

For the 2021, Ascend Federal Credit Union's most frequently cited loan purpose of loans were Cash Out Refi, with 1,198 originations. The 2nd most popular reason of loans were Refi, with 584 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
20 Year 881 $95,165,000 $108,019 $3,379 3.37%
30 Year 833 $209,025,000 $250,930 $3,265 3.20%
15 Year 376 $66,050,000 $175,665 $3,246 2.57%
10 Year 45 $2,325,000 $51,667 $1,022 4.36%
Other 15 $2,575,000 $171,667 $1,437 3.72%
5 Year 7 $305,000 $43,571 $583 3.84%
1 Year 2 $390,000 $195,000 $0 4.38%
3 Year 2 $1,020,000 $510,000 $683 3.63%

For the 2021, Ascend Federal Credit Union's most frequently cited loan length of loans were 20 Year, with 881 originations. The 2nd most popular length of loans were 30 Year, with 833 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 852 $191,200,000 $224,413
$1k-2k 337 $47,005,000 $139,481
$2k-3k 192 $44,480,000 $231,667
$3k-4k 60 $20,750,000 $345,833
$5k+ 12 $7,350,000 $612,500

$3,265 of loans were Ascend Federal Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 852 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 961 $149,895,000 $155,978
<2.5% 499 $105,665,000 $211,754
2.5-3% 406 $92,130,000 $226,921
4-5% 261 $27,365,000 $104,847
5-6% 34 $1,800,000 $52,941

During 2021, Ascend Federal Credit Union's average interest rate of loans were 3.20%, while their most frequently originated rate bucket of loans were 3-4%, with 961 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 722 $106,070,000 $146,911 $2,874 3.04%
$100,000 or less 706 $40,450,000 $57,295 $1,849 3.50%
$200k-400k 624 $166,370,000 $266,619 $3,665 3.07%
$400k-600k 78 $36,490,000 $467,821 $4,500 2.80%
$600k-1MM 23 $16,295,000 $708,478 $6,061 3.01%
$1MM+ 8 $11,180,000 $1,397,500 $8,203 2.98%

2021 saw Ascend Federal Credit Union place emphasis on $100k-200k loans with 722 originations, totaling $106,070,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 552 $82,180,000 $148,877 $2,934 3.22%
$100k-150k 486 $89,440,000 $184,033 $3,425 3.16%
$75k-100k 417 $71,865,000 $172,338 $3,234 3.15%
$50k or less 401 $50,335,000 $125,524 $2,707 3.26%
$150k-250k 187 $42,605,000 $227,834 $4,371 3.14%
$250k+ 68 $27,930,000 $410,735 $4,647 3.01%

Ascend Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 552 originations. The second most popular income band? $100k-150k, with 486 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 577 $100,055,000 $173,406 $3,112 3.03%
30-36% 460 $84,200,000 $183,043 $3,463 3.22%
<20% 326 $49,830,000 $152,853 $3,046 2.93%
42% 105 $18,855,000 $179,571 $3,006 3.49%
41% 103 $17,155,000 $166,553 $3,066 3.55%
39% 101 $19,725,000 $195,297 $2,970 3.34%
37% 101 $17,395,000 $172,228 $3,056 3.24%
40% 101 $17,675,000 $175,000 $3,194 3.40%
38% 74 $10,880,000 $147,027 $2,855 3.41%
36% 68 $12,500,000 $183,824 $3,335 3.16%
43% 37 $4,455,000 $120,405 $2,889 3.69%
>60% 11 $1,845,000 $167,727 $3,383 3.42%
44% 10 $780,000 $78,000 $3,646 3.65%
50-60% 8 $1,730,000 $216,250 $4,397 2.73%
47% 4 $960,000 $240,000 $6,107 2.94%
46% 2 $780,000 $390,000 $11,802 2.63%
48% 2 $410,000 $205,000 $7,218 2.44%
45% 1 $125,000 $125,000 $3,647 3.50%

Ascend Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 577 originations. The next most common DTI ratio? 30-36%, with 460 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,706 $294,100,000 $172,392 $3,183 3.15%
Not provided 256 $46,220,000 $180,547 $3,190 3.25%
Black 155 $24,785,000 $159,903 $3,053 3.42%
Asian 28 $5,720,000 $204,286 $3,794 3.22%
Not applicable 14 $5,700,000 $407,143 $0 3.85%
American Indian 1 $205,000 $205,000 $2,529 3.12%
Asian Indian 1 $125,000 $125,000 $0 3.40%

Approval Rates

Total approvals of all applications
87.94%

Ascend Federal Credit Union has an average approval rate.

Pick Rate

Approvals leading to origination
67.12%

Ascend Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
1001.26 1 $175,000 $175,000
1001.7 1 $65,000 $65,000
1010.85 1 $145,000 $145,000
1019.85 1 $105,000 $105,000
1034.63 1 $105,000 $105,000
1034.7 1 $125,000 $125,000
1044.7 1 $35,000 $35,000
1058.0 1 $65,000 $65,000
106.0 2 $160,000 $80,000
1063.65 1 $55,000 $55,000
1075.85 1 $175,000 $175,000
1081.85 1 $225,000 $225,000
1098.85 1 $25,000 $25,000
1113.85 1 $55,000 $55,000
1164.3 1 $255,000 $255,000
1164.7 1 $145,000 $145,000
1186.26 1 $155,000 $155,000
1215.7 1 $155,000 $155,000
1263.85 1 $155,000 $155,000
1299.85 1 $125,000 $125,000
1354.7 1 $205,000 $205,000
1571.63 1 $105,000 $105,000
180.85 1 $75,000 $75,000
181.0 19 $1,155,000 $60,789
191.0 1 $45,000 $45,000
192.7 1 $85,000 $85,000
195.0 3 $385,000 $128,333
202.63 1 $55,000 $55,000
206.0 1 $75,000 $75,000
216.63 1 $25,000 $25,000
231.0 5 $305,000 $61,000
246.0 1 $75,000 $75,000
281.0 4 $130,000 $32,500
294.3 1 $65,000 $65,000
295.0 1 $35,000 $35,000
301.0 1 $15,000 $15,000
331.0 4 $380,000 $95,000
334.85 1 $105,000 $105,000
338.85 1 $75,000 $75,000
351.0 1 $45,000 $45,000
356.0 19 $1,105,000 $58,158
356.7 1 $35,000 $35,000
366.0 4 $150,000 $37,500
366.63 1 $75,000 $75,000
366.7 1 $125,000 $125,000
367.7 1 $105,000 $105,000
370.0 3 $215,000 $71,667
376.0 1 $115,000 $115,000
381.0 1 $25,000 $25,000
386.7 1 $225,000 $225,000
396.0 1 $55,000 $55,000
415.0 1 $95,000 $95,000
420.85 1 $105,000 $105,000
426.0 3 $175,000 $58,333
426.3 1 $255,000 $255,000
431.85 1 $15,000 $15,000
436.0 2 $80,000 $40,000
436.85 1 $55,000 $55,000
437.7 1 $75,000 $75,000
440.0 1 $15,000 $15,000
441.65 1 $35,000 $35,000
444.7 1 $155,000 $155,000
445.0 1 $45,000 $45,000
445.85 1 $55,000 $55,000
451.7 1 $45,000 $45,000
456.7 1 $55,000 $55,000
460.85 1 $175,000 $175,000
461.7 1 $65,000 $65,000
466.0 1 $75,000 $75,000
476.85 1 $25,000 $25,000
481.0 2 $170,000 $85,000
482.7 1 $255,000 $255,000
486.7 1 $105,000 $105,000
489.7 1 $75,000 $75,000
490.65 1 $65,000 $65,000
490.85 8 $720,000 $90,000
492.26 1 $105,000 $105,000
494.85 1 $45,000 $45,000
496.3 1 $55,000 $55,000
496.7 5 $595,000 $119,000
499.63 1 $75,000 $75,000
500.7 1 $75,000 $75,000
500.85 1 $105,000 $105,000
501.85 3 $205,000 $68,333
502.7 1 $45,000 $45,000
506.7 3 $355,000 $118,333
507.7 1 $75,000 $75,000
508.65 1 $75,000 $75,000
508.85 12 $690,000 $57,500
510.85 1 $55,000 $55,000
512.7 4 $350,000 $87,500
514.3 5 $445,000 $89,000
514.7 12 $860,000 $71,667
515.65 3 $255,000 $85,000
515.85 33 $2,135,000 $64,697
516.63 1 $65,000 $65,000
516.85 2 $90,000 $45,000
517.7 1 $55,000 $55,000
518.65 1 $75,000 $75,000
518.85 4 $280,000 $70,000
519.85 3 $325,000 $108,333
520.63 1 $25,000 $25,000
520.85 5 $305,000 $61,000
521.0 1 $35,000 $35,000
521.3 6 $370,000 $61,667
521.7 23 $1,975,000 $85,870
522.7 3 $145,000 $48,333
524.26 1 $105,000 $105,000
524.3 1 $105,000 $105,000
524.7 5 $655,000 $131,000
525.7 2 $130,000 $65,000
525.85 20 $1,770,000 $88,500
526.7 7 $665,000 $95,000
529.65 1 $65,000 $65,000
529.85 3 $335,000 $111,667
530.85 28 $2,610,000 $93,214
531.03 1 $255,000 $255,000
531.63 1 $145,000 $145,000
531.7 18 $1,440,000 $80,000
532.63 1 $55,000 $55,000
533.65 8 $480,000 $60,000
533.84 1 $95,000 $95,000
533.85 39 $2,965,000 $76,026
534.63 1 $115,000 $115,000
534.7 3 $275,000 $91,667
535.7 4 $420,000 $105,000
536.0 1 $55,000 $55,000
536.63 1 $55,000 $55,000
536.7 11 $1,195,000 $108,636
538.26 1 $55,000 $55,000
538.76 1 $45,000 $45,000
538.85 2 $100,000 $50,000
539.3 10 $740,000 $74,000
539.5 2 $100,000 $50,000
539.7 32 $2,120,000 $66,250
541.63 2 $100,000 $50,000
543.65 2 $120,000 $60,000
543.85 21 $1,775,000 $84,524
544.7 1 $45,000 $45,000
549.03 1 $55,000 $55,000
549.26 1 $105,000 $105,000
549.3 2 $140,000 $70,000
549.63 4 $210,000 $52,500
549.7 24 $2,220,000 $92,500
551.63 1 $15,000 $15,000
553.26 2 $70,000 $35,000
555.55 1 $55,000 $55,000
555.85 4 $380,000 $95,000
556.0 1 $15,000 $15,000
556.26 1 $35,000 $35,000
556.7 1 $65,000 $65,000
559.36 1 $235,000 $235,000
559.63 4 $310,000 $77,500
561.7 3 $405,000 $135,000
562.06 1 $25,000 $25,000
563.26 2 $160,000 $80,000
563.85 1 $25,000 $25,000
564.7 1 $75,000 $75,000
568.26 2 $170,000 $85,000
568.6 1 $15,000 $15,000
568.85 1 $35,000 $35,000
569.63 1 $45,000 $45,000
569.7 1 $155,000 $155,000
570.85 1 $145,000 $145,000
571.26 1 $25,000 $25,000
571.3 1 $35,000 $35,000
574.7 1 $155,000 $155,000
576.26 1 $205,000 $205,000
577.7 1 $45,000 $45,000
581.26 1 $25,000 $25,000
584.7 1 $65,000 $65,000
592.7 1 $105,000 $105,000
594.7 1 $75,000 $75,000
595.7 1 $65,000 $65,000
595.85 1 $15,000 $15,000
599.65 1 $75,000 $75,000
603.85 3 $265,000 $88,333
606.7 1 $55,000 $55,000
610.85 1 $105,000 $105,000
611.7 1 $25,000 $25,000
612.13 1 $105,000 $105,000
613.85 1 $55,000 $55,000
625.85 1 $125,000 $125,000
627.96 1 $25,000 $25,000
628.26 1 $225,000 $225,000
628.65 1 $55,000 $55,000
629.7 2 $200,000 $100,000
645.65 1 $75,000 $75,000
656.63 2 $90,000 $45,000
672.5 1 $45,000 $45,000
675.85 1 $35,000 $35,000
701.26 1 $75,000 $75,000
715.65 1 $25,000 $25,000
717.26 1 $95,000 $95,000
720.0 1 $35,000 $35,000
720.85 1 $175,000 $175,000
763.65 1 $55,000 $55,000
779.7 1 $125,000 $125,000
809.5 1 $115,000 $115,000
81.0 4 $430,000 $107,500
813.65 2 $80,000 $40,000
86.0 1 $25,000 $25,000
869.3 1 $255,000 $255,000
870.0 1 $25,000 $25,000
904.26 1 $125,000 $125,000
937.7 1 $105,000 $105,000
938.85 2 $160,000 $80,000
944.3 1 $35,000 $35,000
944.7 1 $25,000 $25,000
945.85 1 $225,000 $225,000
947.7 1 $105,000 $105,000
949.85 1 $65,000 $65,000
95.0 1 $25,000 $25,000
951.7 2 $380,000 $190,000
954.3 1 $75,000 $75,000
954.63 1 $45,000 $45,000
954.7 1 $45,000 $45,000
955.7 1 $125,000 $125,000
956.7 1 $55,000 $55,000
958.26 1 $255,000 $255,000
960.85 1 $55,000 $55,000
961.63 1 $205,000 $205,000
961.7 1 $125,000 $125,000
963.65 2 $90,000 $45,000
963.85 5 $565,000 $113,000
964.3 1 $115,000 $115,000
964.7 1 $185,000 $185,000
966.4 1 $85,000 $85,000
968.85 1 $155,000 $155,000
969.3 2 $100,000 $50,000
969.7 1 $125,000 $125,000
972.26 1 $75,000 $75,000
973.33 1 $75,000 $75,000
973.85 3 $225,000 $75,000
978.85 1 $55,000 $55,000
979.7 5 $645,000 $129,000
984.63 1 $135,000 $135,000
989.7 1 $135,000 $135,000
999.7 1 $125,000 $125,000
NA 1,487 $321,975,000 $216,527

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,161 $376,855,000 $174,389

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 399 $42,675,000 $106,955 $2,554 3.19%
40-60% 384 $65,770,000 $171,276 $3,130 2.86%
60-80% 538 $136,660,000 $254,015 $3,614 3.02%
80-100% 392 $100,870,000 $257,321 $3,191 3.23%
Over 100% 30 $7,790,000 $259,667 $4,194 3.72%
Under 20% 418 $23,090,000 $55,239 $1,254 3.63%