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 28 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 5/5/24 |
| 30 Year Conventional Purchase | 6.25% | 5/5/24 |
| 30 Year Conventional Refi | 6.26% | 5/5/24 |
| 30 Year Cash-out Refi | 6.54% | 5/5/24 |
| 30 Year FHA Purchase | 7.16% | 5/5/24 |
| 30 Year VA Purchase | 5.90% | 5/5/24 |
| 15 Year Conventional Purchase | 5.70% | 5/5/24 |
| 15 Year Conventional Refi | 5.69% | 5/5/24 |
| 15 Year Cash-out Refi | 5.69% | 5/5/24 |
| 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
Your Estimates
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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
1,553Origination Dollar Volume (All Markets)
$231,755,000Awards
ASCEND FEDERAL CREDIT UNION - 2019
ASCEND FEDERAL CREDIT UNION is a 2019 , due to their low .
For 2019, 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 |
|---|---|---|---|---|---|
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 964 | $152,060,000 | $157,739 | $3,033 | 4.90% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 327 | $43,435,000 | $132,829 | $2,554 | 4.68% |
| Shelbyville, TN (FHA|USDA|VA) | 89 | $11,325,000 | $127,247 | $2,559 | 4.95% |
| Outside of Metro Areas | 47 | $5,805,000 | $123,511 | $2,308 | 4.54% |
| Lewisburg, TN (FHA|USDA|VA) | 42 | $5,230,000 | $124,524 | $2,717 | 4.93% |
| McMinnville, TN (FHA|USDA|VA) | 22 | $2,530,000 | $115,000 | $2,296 | 4.62% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 9 | $1,725,000 | $191,667 | $2,209 | 5.23% |
| Cookeville, TN (FHA|USDA|VA) | 9 | $1,195,000 | $132,778 | $2,553 | 4.72% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 6 | $1,060,000 | $176,667 | $2,989 | 3.98% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $3,883 | 3.83% |
| Sevierville, TN (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $2,388 | 3.67% |
| Lawrenceburg, TN (FHA|USDA|VA) | 5 | $745,000 | $149,000 | $2,652 | 5.05% |
| KNOXVILLE, TN (FHA|USDA|VA) | 5 | $735,000 | $147,000 | $2,504 | 4.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $3,757 | 4.22% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $4,428 | 4.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,832 | 3.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,831 | 4.44% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,863 | 4.56% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,353 | 4.00% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,951 | 3.50% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,352 | 4.13% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,801 | 3.25% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,072 | 4.13% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,041 | 4.25% |
| Martin, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,192 | 5.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,872 | 3.99% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,949 | 3.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,786 | 4.50% |
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 | 1,051 | $193,555,000 | $184,163 | $2,796 | 4.42% |
| HELOC | 478 | $32,170,000 | $67,301 | n/a | 5.79% |
| VA | 24 | $6,030,000 | $251,250 | $5,000 | 3.48% |
For 2019, Ascend Federal Credit Union's most frequently originated type of loan was Conventional, with 1,051 originations. Their 2nd most popular type was HELOC, with 478 originations.
Loan Reason
For 2019, Ascend Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 870 originations. The 2nd most popular reason was Home Purchase, with 526 originations.
Loan Duration/Length
For 2019, Ascend Federal Credit Union's most frequently cited loan duration was 30 Year, with 760 originations. The 2nd most popular length was 20 Year, with 530 originations.
Origination Fees/Closing Costs
Ascend Federal Credit Union's average total fees were $3,029, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 691 originations.
Interest Rates
During 2019, Ascend Federal Credit Union's average interest rate for loans was 4.38%, while their most frequently originated rate bucket for loans was 4-5%, with 554 originations.
Loan Sizing
2019 saw Ascend Federal Credit Union place emphasis on $100,000 or less loans with 608 originations, totaling $33,290,000 in origination value.
Applicant Income
Ascend Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 431 originations. The second most popular income band? $50k or less, with 373 originations.
Applicant Debt to Income Ratio
Ascend Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 401 originations. The next most common DTI ratio? 30-36%, with 383 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.01%
Ascend Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination67.80%
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 |
|---|---|---|---|
| 1012.0 | 1 | $55,000 | $55,000 |
| 1015.0 | 2 | $100,000 | $50,000 |
| 1015.8 | 1 | $55,000 | $55,000 |
| 1016.0 | 1 | $55,000 | $55,000 |
| 1021.0 | 1 | $55,000 | $55,000 |
| 1022.0 | 1 | $75,000 | $75,000 |
| 1024.0 | 1 | $75,000 | $75,000 |
| 1026.0 | 1 | $75,000 | $75,000 |
| 1031.0 | 3 | $375,000 | $125,000 |
| 1036.0 | 1 | $115,000 | $115,000 |
| 1045.0 | 1 | $105,000 | $105,000 |
| 1051.0 | 1 | $25,000 | $25,000 |
| 1060.0 | 2 | $90,000 | $45,000 |
| 1070.0 | 1 | $45,000 | $45,000 |
| 1085.0 | 1 | $45,000 | $45,000 |
| 1086.0 | 1 | $75,000 | $75,000 |
| 1090.0 | 3 | $135,000 | $45,000 |
| 1096.0 | 1 | $75,000 | $75,000 |
| 1100.0 | 4 | $240,000 | $60,000 |
| 1110.0 | 1 | $55,000 | $55,000 |
| 1111.0 | 1 | $25,000 | $25,000 |
| 1115.0 | 1 | $95,000 | $95,000 |
| 1120.0 | 1 | $25,000 | $25,000 |
| 1121.0 | 3 | $155,000 | $51,667 |
| 1131.0 | 3 | $185,000 | $61,667 |
| 115.0 | 1 | $45,000 | $45,000 |
| 1151.0 | 2 | $220,000 | $110,000 |
| 1156.0 | 2 | $200,000 | $100,000 |
| 1161.0 | 5 | $205,000 | $41,000 |
| 1166.0 | 1 | $95,000 | $95,000 |
| 1170.0 | 1 | $45,000 | $45,000 |
| 1175.0 | 1 | $15,000 | $15,000 |
| 1176.0 | 1 | $135,000 | $135,000 |
| 1181.0 | 1 | $55,000 | $55,000 |
| 1184.5 | 1 | $75,000 | $75,000 |
| 1186.0 | 1 | $55,000 | $55,000 |
| 1201.0 | 1 | $25,000 | $25,000 |
| 1205.0 | 1 | $105,000 | $105,000 |
| 1217.0 | 1 | $45,000 | $45,000 |
| 1220.0 | 1 | $55,000 | $55,000 |
| 1225.0 | 1 | $205,000 | $205,000 |
| 1231.0 | 1 | $55,000 | $55,000 |
| 1240.0 | 1 | $55,000 | $55,000 |
| 1241.0 | 1 | $95,000 | $95,000 |
| 1245.0 | 1 | $55,000 | $55,000 |
| 1247.0 | 1 | $185,000 | $185,000 |
| 1251.0 | 1 | $105,000 | $105,000 |
| 1261.0 | 2 | $110,000 | $55,000 |
| 1280.55 | 1 | $125,000 | $125,000 |
| 1281.0 | 2 | $140,000 | $70,000 |
| 1297.0 | 1 | $65,000 | $65,000 |
| 1300.0 | 1 | $145,000 | $145,000 |
| 1317.0 | 1 | $45,000 | $45,000 |
| 1320.0 | 1 | $45,000 | $45,000 |
| 1351.0 | 1 | $45,000 | $45,000 |
| 1388.8 | 1 | $45,000 | $45,000 |
| 140.0 | 1 | $105,000 | $105,000 |
| 1416.0 | 1 | $115,000 | $115,000 |
| 145.0 | 1 | $25,000 | $25,000 |
| 156.0 | 1 | $35,000 | $35,000 |
| 181.0 | 3 | $85,000 | $28,333 |
| 1843.5 | 1 | $205,000 | $205,000 |
| 192.0 | 2 | $110,000 | $55,000 |
| 196.0 | 1 | $35,000 | $35,000 |
| 216.0 | 1 | $65,000 | $65,000 |
| 231.0 | 1 | $45,000 | $45,000 |
| 245.0 | 1 | $125,000 | $125,000 |
| 256.0 | 1 | $55,000 | $55,000 |
| 281.0 | 1 | $45,000 | $45,000 |
| 292.0 | 1 | $65,000 | $65,000 |
| 306.0 | 1 | $15,000 | $15,000 |
| 336.0 | 1 | $85,000 | $85,000 |
| 356.0 | 1 | $15,000 | $15,000 |
| 365.0 | 1 | $105,000 | $105,000 |
| 375.0 | 1 | $55,000 | $55,000 |
| 386.0 | 1 | $65,000 | $65,000 |
| 406.0 | 1 | $65,000 | $65,000 |
| 435.0 | 1 | $45,000 | $45,000 |
| 436.0 | 1 | $105,000 | $105,000 |
| 475.0 | 1 | $25,000 | $25,000 |
| 476.0 | 1 | $25,000 | $25,000 |
| 481.0 | 1 | $255,000 | $255,000 |
| 487.0 | 1 | $65,000 | $65,000 |
| 500.0 | 3 | $285,000 | $95,000 |
| 501.0 | 1 | $55,000 | $55,000 |
| 505.0 | 4 | $270,000 | $67,500 |
| 511.0 | 4 | $250,000 | $62,500 |
| 515.0 | 4 | $220,000 | $55,000 |
| 516.0 | 1 | $25,000 | $25,000 |
| 517.0 | 1 | $105,000 | $105,000 |
| 521.0 | 1 | $55,000 | $55,000 |
| 526.0 | 7 | $435,000 | $62,143 |
| 531.0 | 2 | $190,000 | $95,000 |
| 535.0 | 3 | $155,000 | $51,667 |
| 536.0 | 2 | $200,000 | $100,000 |
| 541.0 | 1 | $45,000 | $45,000 |
| 546.0 | 4 | $250,000 | $62,500 |
| 547.0 | 1 | $105,000 | $105,000 |
| 551.0 | 1 | $125,000 | $125,000 |
| 556.0 | 1 | $125,000 | $125,000 |
| 560.0 | 1 | $75,000 | $75,000 |
| 571.0 | 1 | $65,000 | $65,000 |
| 575.0 | 2 | $70,000 | $35,000 |
| 576.0 | 6 | $630,000 | $105,000 |
| 581.0 | 3 | $125,000 | $41,667 |
| 586.0 | 5 | $365,000 | $73,000 |
| 587.0 | 2 | $110,000 | $55,000 |
| 590.0 | 5 | $215,000 | $43,000 |
| 592.0 | 1 | $15,000 | $15,000 |
| 595.0 | 1 | $85,000 | $85,000 |
| 596.0 | 2 | $100,000 | $50,000 |
| 597.0 | 3 | $285,000 | $95,000 |
| 600.0 | 17 | $985,000 | $57,941 |
| 601.0 | 17 | $1,005,000 | $59,118 |
| 606.0 | 3 | $205,000 | $68,333 |
| 610.0 | 14 | $1,020,000 | $72,857 |
| 611.0 | 10 | $430,000 | $43,000 |
| 615.0 | 2 | $80,000 | $40,000 |
| 617.0 | 2 | $190,000 | $95,000 |
| 620.0 | 20 | $1,450,000 | $72,500 |
| 621.0 | 8 | $510,000 | $63,750 |
| 622.0 | 3 | $235,000 | $78,333 |
| 625.0 | 4 | $120,000 | $30,000 |
| 626.0 | 3 | $235,000 | $78,333 |
| 631.0 | 17 | $1,025,000 | $60,294 |
| 635.0 | 3 | $195,000 | $65,000 |
| 636.0 | 3 | $125,000 | $41,667 |
| 640.0 | 1 | $105,000 | $105,000 |
| 641.0 | 3 | $65,000 | $21,667 |
| 645.0 | 6 | $290,000 | $48,333 |
| 646.0 | 2 | $110,000 | $55,000 |
| 648.0 | 1 | $155,000 | $155,000 |
| 650.0 | 1 | $15,000 | $15,000 |
| 651.0 | 3 | $295,000 | $98,333 |
| 652.0 | 2 | $240,000 | $120,000 |
| 655.0 | 3 | $165,000 | $55,000 |
| 656.0 | 3 | $245,000 | $81,667 |
| 661.0 | 2 | $90,000 | $45,000 |
| 665.0 | 3 | $315,000 | $105,000 |
| 666.0 | 3 | $295,000 | $98,333 |
| 670.0 | 1 | $105,000 | $105,000 |
| 671.0 | 1 | $35,000 | $35,000 |
| 675.0 | 1 | $25,000 | $25,000 |
| 676.0 | 3 | $135,000 | $45,000 |
| 677.0 | 1 | $45,000 | $45,000 |
| 680.0 | 3 | $205,000 | $68,333 |
| 681.0 | 4 | $360,000 | $90,000 |
| 685.0 | 2 | $60,000 | $30,000 |
| 686.0 | 2 | $90,000 | $45,000 |
| 690.0 | 3 | $195,000 | $65,000 |
| 695.0 | 1 | $205,000 | $205,000 |
| 696.0 | 3 | $175,000 | $58,333 |
| 697.0 | 1 | $55,000 | $55,000 |
| 700.0 | 8 | $490,000 | $61,250 |
| 701.0 | 2 | $70,000 | $35,000 |
| 706.0 | 3 | $285,000 | $95,000 |
| 710.0 | 2 | $290,000 | $145,000 |
| 711.0 | 2 | $50,000 | $25,000 |
| 712.0 | 1 | $35,000 | $35,000 |
| 715.0 | 2 | $100,000 | $50,000 |
| 717.0 | 1 | $125,000 | $125,000 |
| 720.0 | 8 | $600,000 | $75,000 |
| 721.0 | 3 | $215,000 | $71,667 |
| 726.0 | 1 | $115,000 | $115,000 |
| 731.0 | 4 | $260,000 | $65,000 |
| 736.0 | 1 | $25,000 | $25,000 |
| 737.0 | 1 | $75,000 | $75,000 |
| 745.0 | 2 | $90,000 | $45,000 |
| 761.0 | 2 | $70,000 | $35,000 |
| 761.8 | 1 | $35,000 | $35,000 |
| 770.0 | 3 | $115,000 | $38,333 |
| 776.0 | 1 | $55,000 | $55,000 |
| 781.0 | 2 | $110,000 | $55,000 |
| 784.0 | 1 | $45,000 | $45,000 |
| 785.0 | 2 | $130,000 | $65,000 |
| 790.0 | 2 | $260,000 | $130,000 |
| 791.0 | 1 | $25,000 | $25,000 |
| 795.0 | 1 | $105,000 | $105,000 |
| 796.0 | 1 | $55,000 | $55,000 |
| 797.0 | 1 | $75,000 | $75,000 |
| 800.0 | 2 | $60,000 | $30,000 |
| 806.0 | 1 | $45,000 | $45,000 |
| 81.0 | 7 | $315,000 | $45,000 |
| 810.0 | 1 | $25,000 | $25,000 |
| 811.0 | 4 | $160,000 | $40,000 |
| 821.0 | 2 | $80,000 | $40,000 |
| 831.0 | 1 | $155,000 | $155,000 |
| 836.0 | 1 | $255,000 | $255,000 |
| 846.0 | 1 | $35,000 | $35,000 |
| 847.5 | 1 | $35,000 | $35,000 |
| 856.0 | 2 | $210,000 | $105,000 |
| 861.0 | 1 | $45,000 | $45,000 |
| 876.0 | 1 | $55,000 | $55,000 |
| 881.0 | 2 | $130,000 | $65,000 |
| 882.0 | 1 | $55,000 | $55,000 |
| 888.8 | 1 | $95,000 | $95,000 |
| 892.0 | 1 | $115,000 | $115,000 |
| 895.0 | 1 | $65,000 | $65,000 |
| 900.0 | 1 | $95,000 | $95,000 |
| 906.0 | 1 | $35,000 | $35,000 |
| 910.0 | 1 | $65,000 | $65,000 |
| 916.0 | 1 | $75,000 | $75,000 |
| 920.0 | 1 | $35,000 | $35,000 |
| 926.0 | 1 | $95,000 | $95,000 |
| 929.0 | 1 | $45,000 | $45,000 |
| 931.0 | 1 | $195,000 | $195,000 |
| 936.0 | 2 | $150,000 | $75,000 |
| 946.0 | 2 | $130,000 | $65,000 |
| 956.0 | 1 | $45,000 | $45,000 |
| 957.0 | 1 | $55,000 | $55,000 |
| 971.0 | 1 | $85,000 | $85,000 |
| 985.0 | 1 | $35,000 | $35,000 |
| 995.0 | 1 | $15,000 | $15,000 |
| NA | 1,081 | $200,495,000 | $185,472 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 2 | $810,000 | $405,000 |
| Single Family (1-4 Units):Site-Built | 1,551 | $230,945,000 | $148,901 |