Ascend Federal Credit Union Mortgage Rates, Fees & Info

Tullahoma, TN

LEI: 549300E1PJPTI4YS7H26

Tax ID: 62-0527850

5 stars - out of 5 stars, based on 48 reviews

Latest/2022 | 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 Cash Out Refi and 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, Lewisburg, and Clarksville among others. We have data for 42 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 5/28/23
30 Year Conventional Purchase 6.25% 5/28/23
30 Year Conventional Refi 6.26% 5/28/23
30 Year Cash-out Refi 6.54% 5/28/23
30 Year FHA Purchase 7.16% 5/28/23
30 Year VA Purchase 5.90% 5/28/23
15 Year Conventional Purchase 5.70% 5/28/23
15 Year Conventional Refi 5.69% 5/28/23
15 Year Cash-out Refi 5.69% 5/28/23
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

2,263

Origination Dollar Volume (All Markets)

$402,885,000
Show all (8) awards

Relative Rate

Ascend Federal Credit Union's average 30 year fixed mortgage rate was 4.32%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.44%.

Relative Fees (Closing Costs)

Ascend Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,331.

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 $4,750.

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) 1,547 $285,215,000 $184,367 $2,952 4.77%
Tullahoma-Manchester, TN (FHA|USDA|VA) 300 $45,900,000 $153,000 $2,454 4.78%
Shelbyville, TN (FHA|USDA|VA) 106 $15,560,000 $146,792 $2,444 4.86%
Outside of Metro Areas 78 $10,510,000 $134,744 $2,591 4.59%
Lewisburg, TN (FHA|USDA|VA) 59 $7,775,000 $131,780 $2,662 4.71%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 28 $5,570,000 $198,929 $3,505 4.90%
Cookeville, TN (FHA|USDA|VA) 32 $4,550,000 $142,188 $2,505 4.60%
KNOXVILLE, TN (FHA|USDA|VA) 13 $3,755,000 $288,846 $3,594 4.47%
McMinnville, TN (FHA|USDA|VA) 26 $3,380,000 $130,000 $2,472 4.55%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 13 $3,195,000 $245,769 $3,382 4.73%
Lawrenceburg, TN (FHA|USDA|VA) 14 $1,980,000 $141,429 $2,930 5.22%
Sevierville, TN (FHA|USDA|VA) 3 $1,865,000 $621,667 $3,895 4.90%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $1,515,000 $505,000 $5,698 4.75%
Crossville, TN (FHA|USDA|VA) 5 $1,235,000 $247,000 $3,332 4.85%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 5 $1,095,000 $219,000 $3,759 5.23%
HUNTSVILLE, AL (FHA|USDA|VA) 3 $955,000 $318,333 $2,601 5.42%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $755,000 $755,000 $4,529 4.75%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $645,000 $645,000 $5,915 5.00%
BOWLING GREEN, KY (FHA|USDA|VA) 2 $630,000 $315,000 $3,150 4.38%
DALTON, GA (FHA|USDA|VA) 1 $605,000 $605,000 $4,428 2.50%
DOTHAN, AL (FHA|USDA|VA) 1 $565,000 $565,000 $4,047 4.25%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $485,000 $485,000 $2,623 2.25%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $475,000 $475,000 $0 3.90%
PANAMA CITY, FL (FHA|USDA|VA) 1 $445,000 $445,000 $6,095 5.13%
Cullman, AL (FHA|USDA|VA) 1 $415,000 $415,000 $4,172 5.13%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $385,000 $385,000 $4,775 4.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $355,000 $355,000 $2,764 3.63%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $355,000 $355,000 $4,449 4.25%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $295,000 $295,000 $5,011 4.50%
MONTGOMERY, AL (FHA|USDA|VA) 1 $275,000 $275,000 $3,530 4.13%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $265,000 $265,000 $3,987 4.25%
JACKSON, TN (FHA|USDA|VA) 2 $250,000 $125,000 $2,591 5.51%
Somerset, KY (FHA|USDA|VA) 1 $235,000 $235,000 $3,234 3.50%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $215,000 $215,000 $2,819 4.50%
Campbellsville, KY (FHA|USDA|VA) 1 $215,000 $215,000 $0 6.38%
DECATUR, AL (FHA|USDA|VA) 1 $215,000 $215,000 $2,698 2.88%
Jefferson, GA (FHA|USDA|VA) 1 $205,000 $205,000 $3,125 4.25%
Paris, TN (FHA|USDA|VA) 1 $155,000 $155,000 $2,899 4.88%
Murray, KY (FHA|USDA|VA) 1 $145,000 $145,000 $2,887 4.63%
Fort Payne, AL (FHA|USDA|VA) 1 $105,000 $105,000 $2,660 2.75%
MORRISTOWN, TN (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.00%
CLEVELAND, TN (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.25%
Ascend Federal Credit Union's top markets include Nashville, Tullahoma, Shelbyville, Lewisburg, and Clarksville among others.

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

    KELLEY MORTGAGE, LLC
    Similarity Rank: 420
    US COMMUNITY
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    TENNESSEE TRUST MORTGAGE, INC
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    Southeast Financial Credit Union
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    Independent Bank
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    Citizens Tri-County Bank
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    HERITAGE SOUTH COMMUNITY CU
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    The Farmers Bank
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,185 $299,485,000 $252,730 $2,818 4.49%
    HELOC 1,070 $101,070,000 $94,458 n/a 5.06%
    FHA 4 $1,090,000 $272,500 $8,879 5.47%
    VA 4 $1,240,000 $310,000 $4,669 4.16%

    For 2022, Ascend Federal Credit Union's most frequently originated type of loan was Conventional, with 1,185 originations. Their 2nd most popular type was HELOC, with 1,070 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 758 $117,710,000 $155,290 $2,139 4.34%
    Home Purchase 485 $168,155,000 $346,711 $3,811 4.62%
    Home Improvement 395 $34,645,000 $87,709 $0 5.27%
    Other 371 $31,435,000 $84,730 $0 5.67%
    Refi 254 $50,940,000 $200,551 $2,451 4.21%

    For 2022, Ascend Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 758 originations. The 2nd most popular reason was Home Purchase, with 485 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 1,126 $113,250,000 $100,577 $2,740 4.97%
    30 Year 746 $223,080,000 $299,035 $3,331 4.32%
    15 Year 204 $47,990,000 $235,245 $2,681 4.03%
    10 Year 132 $14,450,000 $109,470 $866 6.44%
    Other 28 $1,770,000 $63,214 $955 5.25%
    5 Year 16 $800,000 $50,000 $896 5.40%
    3 Year 7 $845,000 $120,714 $768 4.57%
    1 Year 4 $700,000 $175,000 $0 6.31%

    For 2022, Ascend Federal Credit Union's most frequently cited loan duration was 20 Year, with 1,126 originations. The 2nd most popular length was 30 Year, with 746 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,091 $265,275,000 $243,148
    $1k-2k 12 $1,820,000 $151,667
    $2k-3k 2 $440,000 $220,000
    $5k+ 2 $780,000 $390,000
    $3k-4k 1 $65,000 $65,000

    Ascend Federal Credit Union's average total fees were $3,331, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,091 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 698 $129,570,000 $185,630
    4-5% 511 $115,055,000 $225,157
    5-6% 392 $66,460,000 $169,541
    6-7% 340 $39,240,000 $115,412
    2.5-3% 126 $31,060,000 $246,508
    7-8% 119 $9,375,000 $78,782
    <2.5% 53 $10,985,000 $207,264
    Over 8% 24 $1,140,000 $47,500

    During 2022, Ascend Federal Credit Union's average interest rate for loans was 4.32%, while their most frequently originated rate bucket for loans was 3-4%, with 698 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 920 $51,940,000 $56,457 $1,351 5.28%
    $200k-400k 606 $167,210,000 $275,924 $3,211 4.36%
    $100k-200k 564 $78,730,000 $139,592 $2,506 4.50%
    $400k-600k 114 $54,340,000 $476,667 $4,320 4.31%
    $600k-1MM 51 $37,095,000 $727,353 $5,194 4.33%
    $1MM+ 8 $13,570,000 $1,696,250 $7,734 4.20%

    2022 saw Ascend Federal Credit Union place emphasis on $100,000 or less loans with 920 originations, totaling $51,940,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 586 $105,750,000 $180,461 $2,976 4.75%
    $50k-75k 477 $67,085,000 $140,639 $2,542 4.77%
    $75k-100k 442 $68,660,000 $155,339 $2,711 4.78%
    $150k-250k 323 $70,775,000 $219,118 $3,414 4.92%
    $50k or less 264 $28,090,000 $106,402 $2,408 4.61%
    $250k+ 99 $36,145,000 $365,101 $5,082 4.44%

    Ascend Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 586 originations. The second most popular income band? $50k-75k, with 477 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 511 $91,295,000 $178,659 $2,925 4.45%
    30-36% 457 $86,315,000 $188,873 $3,072 4.61%
    <20% 197 $30,475,000 $154,695 $2,894 4.24%
    42% 140 $24,430,000 $174,500 $2,787 5.08%
    41% 111 $18,595,000 $167,523 $2,779 4.96%
    40% 105 $17,305,000 $164,810 $2,694 4.89%
    38% 102 $17,720,000 $173,725 $2,751 4.81%
    43% 92 $11,530,000 $125,326 $2,191 5.24%
    37% 91 $18,535,000 $203,681 $2,836 4.91%
    44% 90 $8,480,000 $94,222 $1,461 5.99%
    39% 88 $13,630,000 $154,886 $2,503 5.00%
    36% 78 $14,490,000 $185,769 $2,634 5.00%
    45% 42 $4,000,000 $95,238 $2,736 5.69%
    46% 14 $1,230,000 $87,857 $0 5.41%
    47% 7 $875,000 $125,000 $2,427 4.55%
    50-60% 7 $2,435,000 $347,857 $7,316 4.54%
    >60% 5 $1,335,000 $267,000 $3,344 3.83%
    49% 1 $25,000 $25,000 $0 5.75%

    Ascend Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 511 originations. The next most common DTI ratio? 30-36%, with 457 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,749 $298,935,000 $170,918 $2,843 4.74%
    Not provided 247 $44,015,000 $178,198 $2,607 4.63%
    Black 183 $30,195,000 $165,000 $3,126 5.08%
    Not applicable 43 $22,115,000 $514,302 $0 4.96%
    Asian 26 $5,330,000 $205,000 $3,453 4.74%
    American Indian 8 $1,460,000 $182,500 $2,512 5.02%
    Other Asian 3 $295,000 $98,333 $0 5.42%
    Korean 1 $245,000 $245,000 $0 7.00%
    Native Hawaiian or Islander 2 $150,000 $75,000 $0 6.50%
    Asian Indian 1 $145,000 $145,000 $0 3.50%

    Approval Rates

    Total approvals of all applications
    82.33%

    Ascend Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.48%

    Ascend Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1024.7 1 $125,000 $125,000
    1025.46 1 $45,000 $45,000
    1036.2 1 $85,000 $85,000
    1057.2 1 $145,000 $145,000
    1060.96 1 $75,000 $75,000
    1094.76 1 $55,000 $55,000
    1111.7 1 $75,000 $75,000
    1127.7 1 $175,000 $175,000
    1137.2 1 $75,000 $75,000
    1193.85 1 $205,000 $205,000
    1211.1 1 $225,000 $225,000
    1257.2 1 $155,000 $155,000
    1291.7 1 $25,000 $25,000
    1316.63 1 $115,000 $115,000
    163.2 1 $255,000 $255,000
    181.0 4 $280,000 $70,000
    1884.7 1 $105,000 $105,000
    191.0 1 $75,000 $75,000
    2019.95 1 $125,000 $125,000
    306.1 1 $105,000 $105,000
    353.38 1 $155,000 $155,000
    366.0 1 $75,000 $75,000
    371.85 1 $85,000 $85,000
    452.2 1 $115,000 $115,000
    491.1 2 $260,000 $130,000
    500.85 1 $55,000 $55,000
    501.85 1 $205,000 $205,000
    506.7 2 $250,000 $125,000
    506.85 1 $45,000 $45,000
    507.1 1 $25,000 $25,000
    507.2 3 $445,000 $148,333
    511.85 1 $125,000 $125,000
    512.1 1 $165,000 $165,000
    513.2 1 $75,000 $75,000
    515.0 1 $45,000 $45,000
    515.85 2 $280,000 $140,000
    516.1 3 $235,000 $78,333
    516.63 1 $45,000 $45,000
    517.1 4 $510,000 $127,500
    517.2 1 $255,000 $255,000
    517.38 1 $75,000 $75,000
    518.2 1 $95,000 $95,000
    520.85 4 $490,000 $122,500
    521.1 1 $55,000 $55,000
    522.2 2 $130,000 $65,000
    523.2 1 $45,000 $45,000
    525.85 4 $160,000 $40,000
    526.1 5 $475,000 $95,000
    526.7 5 $845,000 $169,000
    527.2 3 $625,000 $208,333
    530.85 14 $1,250,000 $89,286
    531.1 10 $800,000 $80,000
    531.7 7 $675,000 $96,429
    532.2 14 $1,450,000 $103,571
    532.63 1 $125,000 $125,000
    536.7 7 $795,000 $113,571
    537.2 11 $1,225,000 $111,364
    537.38 1 $255,000 $255,000
    538.26 1 $85,000 $85,000
    538.9 1 $35,000 $35,000
    539.76 1 $75,000 $75,000
    541.63 1 $255,000 $255,000
    542.38 1 $35,000 $35,000
    546.1 2 $130,000 $65,000
    547.38 1 $105,000 $105,000
    548.2 1 $125,000 $125,000
    549.95 1 $175,000 $175,000
    550.85 3 $365,000 $121,667
    551.1 2 $380,000 $190,000
    551.7 2 $160,000 $80,000
    552.2 4 $220,000 $55,000
    552.73 1 $25,000 $25,000
    555.85 3 $115,000 $38,333
    556.1 3 $485,000 $161,667
    557.2 2 $410,000 $205,000
    559.2 1 $215,000 $215,000
    561.63 1 $105,000 $105,000
    561.7 5 $865,000 $173,000
    562.2 1 $125,000 $125,000
    563.26 1 $55,000 $55,000
    563.73 1 $255,000 $255,000
    564.76 1 $125,000 $125,000
    565.36 1 $105,000 $105,000
    566.26 1 $255,000 $255,000
    569.76 1 $125,000 $125,000
    570.76 1 $125,000 $125,000
    572.38 1 $65,000 $65,000
    578.35 1 $35,000 $35,000
    580.85 2 $180,000 $90,000
    581.1 1 $35,000 $35,000
    582.95 1 $125,000 $125,000
    587.2 1 $125,000 $125,000
    595.0 1 $75,000 $75,000
    600.46 1 $75,000 $75,000
    602.38 1 $85,000 $85,000
    611.1 1 $55,000 $55,000
    611.7 1 $75,000 $75,000
    621.0 1 $155,000 $155,000
    631.7 1 $125,000 $125,000
    636.7 1 $55,000 $55,000
    643.3 1 $185,000 $185,000
    649.85 1 $25,000 $25,000
    656.0 1 $55,000 $55,000
    680.1 1 $65,000 $65,000
    716.85 1 $175,000 $175,000
    744.76 1 $255,000 $255,000
    747.2 1 $35,000 $35,000
    789.1 1 $35,000 $35,000
    931.85 1 $105,000 $105,000
    937.2 1 $75,000 $75,000
    947.7 1 $125,000 $125,000
    950.85 1 $125,000 $125,000
    951.1 1 $55,000 $55,000
    952.2 1 $65,000 $65,000
    960.85 1 $125,000 $125,000
    961.7 2 $160,000 $80,000
    962.1 1 $45,000 $45,000
    966.7 1 $75,000 $75,000
    972.1 1 $235,000 $235,000
    976.1 1 $185,000 $185,000
    981.7 1 $55,000 $55,000
    982.2 1 $45,000 $45,000
    986.1 1 $125,000 $125,000
    987.2 1 $195,000 $195,000
    992.1 1 $45,000 $45,000
    NA 2,032 $377,870,000 $185,960

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,263 $402,885,000 $178,031

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 551 $65,985,000 $119,755 $2,075 4.82%
    40-60% 245 $45,295,000 $184,878 $2,812 4.17%
    60-80% 355 $102,885,000 $289,817 $3,137 4.21%
    80-100% 382 $133,690,000 $349,974 $3,671 4.51%
    Over 100% 17 $9,245,000 $543,824 $3,517 4.97%
    Under 20% 713 $45,785,000 $64,215 $1,148 5.33%