Ascend Federal Credit Union Mortgage Rates, Fees & Info

Tullahoma, TN

LEI: 549300E1PJPTI4YS7H26

Tax ID: 62-0527850

5 stars - Updated: 4/17/25 - out of 5 stars, based on 41 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Ascend Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Ascend Federal Credit Union 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: Nashville, Tullahoma, Shelbyville, Cookeville, and Lewisburg among others. We have data for 34 markets. (Some data included below & more in-depth data is available with an active subscription.)

Ascend Federal Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Ascend Federal Credit Union 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) 6.72% 4/17/25
30 Year Conventional Purchase 5.91% 4/17/25
30 Year Conventional Refi 5.74% 4/17/25
30 Year Cash-out Refi 6.09% 4/17/25
30 Year FHA Purchase 7.28% 4/17/25
15 Year Conventional Purchase 5.70% 4/17/25
15 Year Conventional Refi 7.65% 4/17/25
15 Year Cash-out Refi 7.65% 4/17/25
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.

Ascend Federal Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Ascend Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,677

Origination Dollar Volume (All Markets)

$266,505,000
Show all (13) awards

Relative Rate

Ascend Federal Credit Union's average 30 year fixed mortgage rate was 6.31%.

The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

This yields a difference of -0.24%.

Relative Fees (Closing Costs)

Ascend Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,621.

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 $8,356.

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
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1,083 $177,565,000 $163,957 $2,224 7.97%
Tullahoma-Manchester, TN (FHA|USDA|VA) 265 $38,095,000 $143,755 $2,432 7.52%
Shelbyville, TN (FHA|USDA|VA) 78 $9,820,000 $125,897 $2,504 7.95%
Outside of Metro Areas 68 $8,840,000 $130,000 $2,235 7.90%
Cookeville, TN (FHA|USDA|VA) 36 $5,110,000 $141,944 $2,331 7.79%
Lewisburg, TN (FHA|USDA|VA) 42 $4,870,000 $115,952 $2,096 7.71%
McMinnville, TN (FHA|USDA|VA) 28 $3,490,000 $124,643 $2,226 7.56%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 12 $3,180,000 $265,000 $2,878 6.53%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $2,040,000 $510,000 $6,305 6.06%
KNOXVILLE, TN (FHA|USDA|VA) 7 $1,865,000 $266,429 $4,566 7.16%
Sevierville, TN (FHA|USDA|VA) 2 $1,710,000 $855,000 $6,066 6.06%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 11 $1,495,000 $135,909 $2,051 7.52%
Lawrenceburg, TN (FHA|USDA|VA) 12 $1,410,000 $117,500 $1,917 7.67%
JACKSON, TN (FHA|USDA|VA) 3 $875,000 $291,667 $3,750 7.13%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $830,000 $415,000 $5,276 5.75%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $685,000 $685,000 $7,416 6.00%
Crossville, TN (FHA|USDA|VA) 4 $670,000 $167,500 $3,492 7.88%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $590,000 $295,000 $3,480 5.94%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $495,000 $495,000 $6,599 5.38%
Oxford, MS (FHA|USDA|VA) 1 $355,000 $355,000 $0 7.40%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $315,000 $315,000 $2,652 5.63%
Martin, TN (FHA|USDA|VA) 1 $315,000 $315,000 $3,765 5.63%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $295,000 $295,000 $3,740 6.63%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $235,000 $235,000 $4,096 5.38%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $195,000 $195,000 $2,031 6.50%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $170,000 $85,000 $1,054 8.50%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $165,000 $165,000 $3,214 6.25%
GADSDEN, AL (FHA|USDA|VA) 1 $165,000 $165,000 $2,544 6.38%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,210 6.38%
CLEVELAND, TN (FHA|USDA|VA) 1 $145,000 $145,000 $1,048 7.75%
Paducah, KY-IL (FHA|USDA|VA) 1 $115,000 $115,000 $3,498 6.38%
Paris, TN (FHA|USDA|VA) 1 $115,000 $115,000 $2,562 6.63%
MORRISTOWN, TN (FHA|USDA|VA) 1 $105,000 $105,000 $3,340 5.38%
Athens, TN (FHA|USDA|VA) 1 $25,000 $25,000 $0 10.50%
Ascend Federal Credit Union's top markets include Nashville, Tullahoma, Shelbyville, Cookeville, and Lewisburg among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against ASCEND FEDERAL CREDIT UNION 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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 894 $193,510,000 $216,454 $2,340 7.11%
    HELOC 779 $72,235,000 $92,728 n/a 8.67%
    FHA 3 $595,000 $198,333 $5,746 6.71%
    VA 1 $165,000 $165,000 $2,544 6.38%

    For 2024, Ascend Federal Credit Union's most frequently originated type of loan was Conventional, with 894 originations. Their 2nd most popular type was HELOC, with 779 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 499 $52,995,000 $106,202 $1,423 7.60%
    Other 400 $36,600,000 $91,500 $2,030 8.74%
    Home Improvement 366 $31,870,000 $87,077 $0 8.59%
    Home Purchase 322 $117,620,000 $365,280 $3,890 6.43%
    Refi 90 $27,420,000 $304,667 $2,697 7.03%

    For 2024, Ascend Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 499 originations. The 2nd most popular reason was Other, with 400 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 789 $72,975,000 $92,490 $3,278 8.64%
    30 Year 398 $136,410,000 $342,739 $3,621 6.31%
    15 Year 346 $47,210,000 $136,445 $1,275 7.90%
    10 Year 85 $4,925,000 $57,941 $908 7.83%
    Other 35 $1,695,000 $48,429 $890 7.18%
    5 Year 15 $615,000 $41,000 $908 6.74%
    3 Year 8 $2,320,000 $290,000 $728 7.17%
    1 Year 1 $355,000 $355,000 $0 9.00%

    For 2024, Ascend Federal Credit Union's most frequently cited loan duration was 20 Year, with 789 originations. The 2nd most popular length was 30 Year, with 398 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 820 $168,050,000 $204,939
    $1k-2k 16 $2,460,000 $153,750
    $2k-3k 4 $1,220,000 $305,000
    $3k-4k 2 $700,000 $350,000
    $5k+ 2 $770,000 $385,000
    $4k-5k 1 $185,000 $185,000

    Ascend Federal Credit Union's average total fees were $3,621, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 820 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 853 $72,265,000 $84,719
    7-8% 374 $53,140,000 $142,086
    6-7% 286 $77,600,000 $271,329
    5-6% 163 $63,465,000 $389,356
    4-5% 1 $35,000 $35,000

    During 2024, Ascend Federal Credit Union's average interest rate for loans was 6.31%, while their most frequently originated rate bucket for loans was Over 8%, with 853 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 864 $47,830,000 $55,359 $1,094 8.36%
    $100k-200k 392 $53,140,000 $135,561 $2,303 7.91%
    $200k-400k 287 $79,185,000 $275,906 $3,368 6.86%
    $400k-600k 74 $34,350,000 $464,189 $4,357 6.46%
    $600k-1MM 49 $36,385,000 $742,551 $5,111 6.14%
    $1MM+ 11 $15,615,000 $1,419,545 $5,349 6.47%

    2024 saw Ascend Federal Credit Union place emphasis on $100,000 or less loans with 864 originations, totaling $47,830,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 477 $63,385,000 $132,883 $2,185 7.94%
    $75k-100k 324 $38,480,000 $118,765 $2,102 7.91%
    $50k-75k 304 $31,530,000 $103,717 $2,020 7.86%
    $150k-250k 291 $60,035,000 $206,306 $2,847 7.77%
    $50k or less 129 $10,965,000 $85,000 $2,159 7.80%
    $250k+ 94 $40,120,000 $426,809 $4,418 7.33%

    Ascend Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 477 originations. The second most popular income band? $75k-100k, with 324 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 298 $49,390,000 $165,738 $2,630 7.63%
    20-30% 269 $39,455,000 $146,673 $2,583 7.65%
    44% 187 $15,195,000 $81,257 $1,062 8.49%
    42% 120 $21,870,000 $182,250 $2,449 7.84%
    43% 113 $12,045,000 $106,593 $1,646 8.24%
    41% 92 $19,230,000 $209,022 $2,539 7.74%
    <20% 88 $13,300,000 $151,136 $2,757 7.55%
    40% 78 $12,520,000 $160,513 $2,401 7.85%
    45% 73 $6,515,000 $89,247 $1,180 8.71%
    39% 71 $12,385,000 $174,437 $2,229 7.68%
    38% 70 $12,760,000 $182,286 $2,353 7.57%
    36% 68 $11,680,000 $171,765 $3,072 7.82%
    37% 55 $7,515,000 $136,636 $2,186 7.67%
    46% 12 $2,570,000 $214,167 $4,290 7.97%
    >60% 8 $1,800,000 $225,000 $2,868 6.67%
    47% 5 $1,605,000 $321,000 $4,074 6.55%
    48% 4 $640,000 $160,000 $2,843 6.66%
    50-60% 4 $1,040,000 $260,000 $1,929 7.69%
    49% 2 $750,000 $375,000 $2,981 7.19%

    Ascend Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 298 originations. The next most common DTI ratio? 20-30%, with 269 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,275 $182,485,000 $143,125 $2,307 7.84%
    Not provided 165 $35,015,000 $212,212 $2,670 7.44%
    Not applicable 44 $20,220,000 $459,545 $0 7.38%
    Black 139 $14,605,000 $105,072 $1,653 8.42%
    Asian 39 $12,765,000 $327,308 $4,005 7.47%
    American Indian 11 $1,145,000 $104,091 $1,264 8.22%
    Native Hawaiian or Islander 2 $120,000 $60,000 $0 8.50%
    Filipino 1 $85,000 $85,000 $0 8.50%
    Other Asian 1 $65,000 $65,000 $0 8.50%

    Approval Rates

    Total approvals of all applications
    79.57%

    Ascend Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    68.69%

    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
    NA 1,677 $266,505,000 $158,918

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,677 $266,505,000 $158,918

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 452 $50,980,000 $112,788 $1,656 8.22%
    40-60% 139 $25,295,000 $181,978 $2,851 7.62%
    60-80% 130 $42,770,000 $329,000 $3,716 6.73%
    80-100% 260 $103,360,000 $397,538 $3,777 6.51%
    Over 100% 12 $4,430,000 $369,167 $3,279 6.83%
    Under 20% 684 $39,670,000 $57,997 $1,021 8.35%