Ascend Federal Credit Union Mortgage Rates, Fees & Info
Tullahoma, TNLEI: 549300E1PJPTI4YS7H26
Tax ID: 62-0527850
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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. Their top markets by origination volume include: Nashville, Tullahoma, Shelbyville, Lewisburg, and Mcminnville among others. We have data for 32 markets. (Some data included below & more in-depth data is available with an active subscription.)Ascend Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. 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) | 6.27% | 11/21/24 |
| 30 Year Conventional Purchase | 6.25% | 11/21/24 |
| 30 Year Conventional Refi | 6.26% | 11/21/24 |
| 30 Year Cash-out Refi | 6.54% | 11/21/24 |
| 30 Year FHA Purchase | 7.16% | 11/21/24 |
| 30 Year VA Purchase | 5.90% | 11/21/24 |
| 15 Year Conventional Purchase | 5.70% | 11/21/24 |
| 15 Year Conventional Refi | 5.69% | 11/21/24 |
| 15 Year Cash-out Refi | 5.69% | 11/21/24 |
| 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. | ||
Ascend Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,568Origination Dollar Volume (All Markets)
$216,670,000Top 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) | 1,061 | $151,385,000 | $142,681 | $0 | 5.08% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 284 | $36,400,000 | $128,169 | $0 | 4.90% |
| Shelbyville, TN (FHA|USDA|VA) | 53 | $6,135,000 | $115,755 | $0 | 5.00% |
| Lewisburg, TN (FHA|USDA|VA) | 47 | $5,225,000 | $111,170 | $0 | 5.10% |
| Outside of Metro Areas | 35 | $3,955,000 | $113,000 | $0 | 5.06% |
| McMinnville, TN (FHA|USDA|VA) | 18 | $2,080,000 | $115,556 | $0 | 4.84% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 13 | $1,965,000 | $151,154 | $0 | 4.95% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 10 | $1,390,000 | $139,000 | $0 | 4.79% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $0 | 4.29% |
| KNOXVILLE, TN (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $0 | 4.13% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $0 | 4.88% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $0 | 4.16% |
| Cookeville, TN (FHA|USDA|VA) | 7 | $585,000 | $83,571 | $0 | 4.64% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 4.19% |
| Lawrenceburg, TN (FHA|USDA|VA) | 5 | $555,000 | $111,000 | $0 | 5.13% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 3.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $0 | 5.38% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 4.63% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 4.50% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 4.25% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 4.50% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 3.88% |
| Crossville, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.88% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 5.63% |
| OCALA, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.13% |
| Richmond-Berea, KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.38% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.38% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 3.63% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.50% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.63% |
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 | 936 | $174,600,000 | $186,538 | $0 | 4.78% |
| HELOC | 632 | $42,070,000 | $66,566 | n/a | 5.37% |
For 2018, Ascend Federal Credit Union's most frequently originated type of loan was Conventional, with 936 originations. Their 2nd most popular type was HELOC, with 632 originations.
Loan Reason
For 2018, Ascend Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 907 originations. The 2nd most popular reason was Home Purchase, with 495 originations.
Loan Duration/Length
For 2018, Ascend Federal Credit Union's most frequently cited loan duration was 20 Year, with 689 originations. The 2nd most popular length was 30 Year, with 641 originations.
Origination Fees/Closing Costs
Ascend Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 547 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 811 | $128,185,000 | $158,058 |
| 5-6% | 509 | $59,855,000 | $117,593 |
| 3-4% | 117 | $20,565,000 | $175,769 |
| 6-7% | 108 | $7,000,000 | $64,815 |
| 7-8% | 23 | $1,065,000 | $46,304 |
During 2018, Ascend Federal Credit Union's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 4-5%, with 811 originations.
Loan Sizing
2018 saw Ascend Federal Credit Union place emphasis on $100,000 or less loans with 738 originations, totaling $39,400,000 in origination value.
Applicant Income
Ascend Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 409 originations. The second most popular income band? $50k or less, with 365 originations.
Applicant Debt to Income Ratio
Ascend Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 411 originations. The next most common DTI ratio? 30-36%, with 393 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.44%
Ascend Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination71.94%
Ascend Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,568 | $216,670,000 | $138,182 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Assent Inc. | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 100.0% |