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, 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 Chattanooga 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 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% | 4/21/24 |
| 30 Year Conventional Purchase | 6.25% | 4/21/24 |
| 30 Year Conventional Refi | 6.26% | 4/21/24 |
| 30 Year Cash-out Refi | 6.54% | 4/21/24 |
| 30 Year FHA Purchase | 7.16% | 4/21/24 |
| 30 Year VA Purchase | 5.90% | 4/21/24 |
| 15 Year Conventional Purchase | 5.70% | 4/21/24 |
| 15 Year Conventional Refi | 5.69% | 4/21/24 |
| 15 Year Cash-out Refi | 5.69% | 4/21/24 |
| 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
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
2,197Origination Dollar Volume (All Markets)
$389,355,000Awards
ASCEND FEDERAL CREDIT UNION - 2020
ASCEND FEDERAL CREDIT UNION is a 2020 , due to their low .
For 2020, 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) | 1,434 | $272,240,000 | $189,847 | $3,457 | 3.64% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 405 | $57,385,000 | $141,691 | $2,846 | 3.55% |
| Shelbyville, TN (FHA|USDA|VA) | 88 | $14,310,000 | $162,614 | $3,095 | 3.67% |
| Lewisburg, TN (FHA|USDA|VA) | 62 | $9,180,000 | $148,065 | $2,670 | 3.87% |
| Outside of Metro Areas | 64 | $8,600,000 | $134,375 | $2,972 | 3.63% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 22 | $5,260,000 | $239,091 | $3,515 | 3.91% |
| McMinnville, TN (FHA|USDA|VA) | 36 | $5,180,000 | $143,889 | $3,012 | 3.87% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 16 | $3,010,000 | $188,125 | $2,587 | 4.04% |
| Cookeville, TN (FHA|USDA|VA) | 17 | $2,445,000 | $143,824 | $2,512 | 3.60% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 6 | $1,670,000 | $278,333 | $3,332 | 3.26% |
| KNOXVILLE, TN (FHA|USDA|VA) | 7 | $1,505,000 | $215,000 | $3,463 | 3.54% |
| Lawrenceburg, TN (FHA|USDA|VA) | 8 | $1,300,000 | $162,500 | $2,396 | 4.09% |
| PANAMA CITY, FL (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $4,095 | 3.16% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $3,697 | 3.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $3,366 | 3.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,837 | 3.44% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $3,492 | 2.88% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,281 | 3.25% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,617 | 3.38% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,258 | 3.50% |
| Crossville, TN (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $2,687 | 3.58% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,394 | 3.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,712 | 3.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,005 | 3.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,674 | 3.13% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,051 | 2.88% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,105 | 3.75% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,052 | 3.25% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,019 | 3.25% |
| Martin, TN (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $1,838 | 3.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,548 | 3.25% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,603 | 3.25% |
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 | 1,611 | $338,905,000 | $210,369 | $3,213 | 3.60% |
| HELOC | 548 | $41,200,000 | $75,182 | n/a | 3.80% |
| VA | 38 | $9,250,000 | $243,421 | $5,219 | 2.91% |
For 2020, Ascend Federal Credit Union's most frequently originated type of loan was Conventional, with 1,611 originations. Their 2nd most popular type was HELOC, with 548 originations.
Loan Reason
For 2020, Ascend Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 1,020 originations. The 2nd most popular reason was Refi, with 654 originations.
Loan Duration/Length
For 2020, Ascend Federal Credit Union's most frequently cited loan duration was 30 Year, with 1,055 originations. The 2nd most popular length was 20 Year, with 692 originations.
Origination Fees/Closing Costs
Ascend Federal Credit Union's average total fees were $3,413, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 733 originations.
Interest Rates
During 2020, Ascend Federal Credit Union's average interest rate for loans was 3.66%, while their most frequently originated rate bucket for loans was 3-4%, with 1,289 originations.
Loan Sizing
2020 saw Ascend Federal Credit Union place emphasis on $100k-200k loans with 768 originations, totaling $114,170,000 in origination value.
Applicant Income
Ascend Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 597 originations. The second most popular income band? $100k-150k, with 478 originations.
Applicant Debt to Income Ratio
Ascend Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 597 originations. The next most common DTI ratio? 30-36%, with 477 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.03%
Ascend Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination66.59%
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 |
|---|---|---|---|
| 100.0 | 1 | $135,000 | $135,000 |
| 1000.06 | 1 | $25,000 | $25,000 |
| 1004.3 | 1 | $155,000 | $155,000 |
| 1010.0 | 2 | $90,000 | $45,000 |
| 1012.06 | 1 | $55,000 | $55,000 |
| 1016.03 | 1 | $205,000 | $205,000 |
| 1019.65 | 1 | $35,000 | $35,000 |
| 1032.03 | 1 | $115,000 | $115,000 |
| 1042.12 | 1 | $65,000 | $65,000 |
| 1078.53 | 1 | $35,000 | $35,000 |
| 1082.06 | 1 | $105,000 | $105,000 |
| 1085.68 | 1 | $105,000 | $105,000 |
| 1101.03 | 1 | $75,000 | $75,000 |
| 1108.06 | 1 | $25,000 | $25,000 |
| 1114.3 | 1 | $35,000 | $35,000 |
| 1119.3 | 1 | $25,000 | $25,000 |
| 1121.03 | 1 | $75,000 | $75,000 |
| 1122.06 | 1 | $105,000 | $105,000 |
| 1130.3 | 1 | $255,000 | $255,000 |
| 1131.81 | 1 | $155,000 | $155,000 |
| 1132.06 | 1 | $65,000 | $65,000 |
| 1165.0 | 1 | $55,000 | $55,000 |
| 1176.3 | 1 | $75,000 | $75,000 |
| 1183.06 | 1 | $105,000 | $105,000 |
| 1185.0 | 1 | $145,000 | $145,000 |
| 1192.5 | 1 | $45,000 | $45,000 |
| 1197.06 | 1 | $125,000 | $125,000 |
| 1221.0 | 2 | $160,000 | $80,000 |
| 1229.3 | 1 | $225,000 | $225,000 |
| 125.0 | 1 | $95,000 | $95,000 |
| 1278.06 | 1 | $105,000 | $105,000 |
| 1281.03 | 1 | $95,000 | $95,000 |
| 131.0 | 2 | $150,000 | $75,000 |
| 1422.5 | 1 | $185,000 | $185,000 |
| 145.0 | 1 | $45,000 | $45,000 |
| 147.06 | 1 | $85,000 | $85,000 |
| 1475.0 | 1 | $65,000 | $65,000 |
| 1560.0 | 1 | $75,000 | $75,000 |
| 1596.03 | 1 | $75,000 | $75,000 |
| 181.0 | 18 | $980,000 | $54,444 |
| 185.0 | 1 | $15,000 | $15,000 |
| 191.03 | 1 | $65,000 | $65,000 |
| 201.0 | 1 | $25,000 | $25,000 |
| 206.0 | 2 | $160,000 | $80,000 |
| 231.0 | 4 | $180,000 | $45,000 |
| 245.0 | 2 | $230,000 | $115,000 |
| 256.0 | 1 | $255,000 | $255,000 |
| 271.0 | 1 | $35,000 | $35,000 |
| 276.0 | 1 | $85,000 | $85,000 |
| 281.0 | 4 | $230,000 | $57,500 |
| 289.3 | 1 | $105,000 | $105,000 |
| 308.65 | 1 | $35,000 | $35,000 |
| 326.0 | 1 | $65,000 | $65,000 |
| 331.0 | 5 | $285,000 | $57,000 |
| 334.0 | 1 | $105,000 | $105,000 |
| 345.06 | 1 | $165,000 | $165,000 |
| 356.0 | 24 | $1,440,000 | $60,000 |
| 366.0 | 2 | $110,000 | $55,000 |
| 366.03 | 1 | $25,000 | $25,000 |
| 370.0 | 2 | $80,000 | $40,000 |
| 376.03 | 1 | $185,000 | $185,000 |
| 387.06 | 2 | $100,000 | $50,000 |
| 425.0 | 1 | $45,000 | $45,000 |
| 426.03 | 1 | $95,000 | $95,000 |
| 438.65 | 1 | $125,000 | $125,000 |
| 444.3 | 1 | $45,000 | $45,000 |
| 445.65 | 3 | $195,000 | $65,000 |
| 448.65 | 1 | $65,000 | $65,000 |
| 454.3 | 1 | $75,000 | $75,000 |
| 455.65 | 1 | $75,000 | $75,000 |
| 461.03 | 1 | $95,000 | $95,000 |
| 471.03 | 1 | $45,000 | $45,000 |
| 473.06 | 1 | $55,000 | $55,000 |
| 473.65 | 1 | $135,000 | $135,000 |
| 479.3 | 1 | $45,000 | $45,000 |
| 490.65 | 4 | $730,000 | $182,500 |
| 491.03 | 1 | $65,000 | $65,000 |
| 496.3 | 4 | $310,000 | $77,500 |
| 500.3 | 3 | $195,000 | $65,000 |
| 500.65 | 1 | $125,000 | $125,000 |
| 501.03 | 1 | $25,000 | $25,000 |
| 506.03 | 2 | $190,000 | $95,000 |
| 507.3 | 3 | $205,000 | $68,333 |
| 508.65 | 9 | $985,000 | $109,444 |
| 514.3 | 7 | $425,000 | $60,714 |
| 515.35 | 1 | $55,000 | $55,000 |
| 515.65 | 24 | $1,910,000 | $79,583 |
| 518.65 | 2 | $100,000 | $50,000 |
| 521.3 | 26 | $1,530,000 | $58,846 |
| 524.03 | 1 | $75,000 | $75,000 |
| 524.3 | 2 | $150,000 | $75,000 |
| 525.3 | 1 | $95,000 | $95,000 |
| 528.0 | 1 | $75,000 | $75,000 |
| 529.65 | 1 | $45,000 | $45,000 |
| 531.03 | 7 | $385,000 | $55,000 |
| 531.3 | 1 | $75,000 | $75,000 |
| 533.65 | 21 | $1,535,000 | $73,095 |
| 535.0 | 2 | $140,000 | $70,000 |
| 539.3 | 28 | $1,920,000 | $68,571 |
| 540.65 | 1 | $35,000 | $35,000 |
| 541.03 | 3 | $215,000 | $71,667 |
| 543.65 | 11 | $585,000 | $53,182 |
| 545.06 | 2 | $210,000 | $105,000 |
| 549.03 | 5 | $265,000 | $53,000 |
| 549.3 | 10 | $1,000,000 | $100,000 |
| 552.06 | 3 | $445,000 | $148,333 |
| 554.68 | 1 | $125,000 | $125,000 |
| 556.03 | 1 | $25,000 | $25,000 |
| 559.03 | 1 | $65,000 | $65,000 |
| 561.03 | 1 | $35,000 | $35,000 |
| 562.06 | 1 | $35,000 | $35,000 |
| 563.65 | 1 | $25,000 | $25,000 |
| 569.3 | 1 | $15,000 | $15,000 |
| 570.06 | 5 | $315,000 | $63,000 |
| 576.03 | 1 | $65,000 | $65,000 |
| 577.03 | 1 | $35,000 | $35,000 |
| 578.06 | 1 | $115,000 | $115,000 |
| 580.06 | 1 | $155,000 | $155,000 |
| 581.0 | 1 | $15,000 | $15,000 |
| 581.3 | 1 | $105,000 | $105,000 |
| 585.0 | 1 | $35,000 | $35,000 |
| 587.03 | 1 | $55,000 | $55,000 |
| 587.6 | 1 | $65,000 | $65,000 |
| 590.0 | 8 | $530,000 | $66,250 |
| 591.03 | 15 | $945,000 | $63,000 |
| 591.3 | 1 | $105,000 | $105,000 |
| 596.68 | 1 | $65,000 | $65,000 |
| 600.0 | 4 | $230,000 | $57,500 |
| 601.03 | 14 | $880,000 | $62,857 |
| 601.36 | 1 | $45,000 | $45,000 |
| 602.06 | 1 | $215,000 | $215,000 |
| 606.0 | 1 | $65,000 | $65,000 |
| 610.0 | 3 | $225,000 | $75,000 |
| 612.06 | 15 | $945,000 | $63,000 |
| 616.03 | 2 | $110,000 | $55,000 |
| 620.0 | 9 | $695,000 | $77,222 |
| 620.65 | 1 | $25,000 | $25,000 |
| 622.06 | 20 | $2,110,000 | $105,500 |
| 623.65 | 1 | $25,000 | $25,000 |
| 626.03 | 1 | $75,000 | $75,000 |
| 630.0 | 1 | $15,000 | $15,000 |
| 642.06 | 1 | $185,000 | $185,000 |
| 645.0 | 1 | $15,000 | $15,000 |
| 647.06 | 1 | $45,000 | $45,000 |
| 652.06 | 1 | $35,000 | $35,000 |
| 662.06 | 1 | $255,000 | $255,000 |
| 663.0 | 1 | $75,000 | $75,000 |
| 663.65 | 1 | $45,000 | $45,000 |
| 666.03 | 2 | $100,000 | $50,000 |
| 677.06 | 1 | $45,000 | $45,000 |
| 686.0 | 1 | $125,000 | $125,000 |
| 686.03 | 1 | $125,000 | $125,000 |
| 687.06 | 3 | $255,000 | $85,000 |
| 689.0 | 1 | $75,000 | $75,000 |
| 696.03 | 1 | $35,000 | $35,000 |
| 698.06 | 1 | $45,000 | $45,000 |
| 710.0 | 1 | $35,000 | $35,000 |
| 712.06 | 1 | $105,000 | $105,000 |
| 713.65 | 1 | $15,000 | $15,000 |
| 715.03 | 1 | $15,000 | $15,000 |
| 716.03 | 1 | $65,000 | $65,000 |
| 720.0 | 1 | $155,000 | $155,000 |
| 722.06 | 2 | $90,000 | $45,000 |
| 736.03 | 2 | $100,000 | $50,000 |
| 737.06 | 1 | $75,000 | $75,000 |
| 740.0 | 1 | $35,000 | $35,000 |
| 742.03 | 1 | $15,000 | $15,000 |
| 747.06 | 1 | $115,000 | $115,000 |
| 750.06 | 1 | $45,000 | $45,000 |
| 751.03 | 2 | $60,000 | $30,000 |
| 752.06 | 1 | $75,000 | $75,000 |
| 761.03 | 1 | $105,000 | $105,000 |
| 764.36 | 1 | $75,000 | $75,000 |
| 771.03 | 1 | $35,000 | $35,000 |
| 781.0 | 1 | $55,000 | $55,000 |
| 782.06 | 1 | $85,000 | $85,000 |
| 790.0 | 2 | $130,000 | $65,000 |
| 791.03 | 1 | $15,000 | $15,000 |
| 792.06 | 1 | $105,000 | $105,000 |
| 797.06 | 1 | $55,000 | $55,000 |
| 802.06 | 1 | $55,000 | $55,000 |
| 81.0 | 7 | $485,000 | $69,286 |
| 820.0 | 1 | $105,000 | $105,000 |
| 832.06 | 1 | $55,000 | $55,000 |
| 847.06 | 2 | $70,000 | $35,000 |
| 850.0 | 1 | $255,000 | $255,000 |
| 857.06 | 1 | $95,000 | $95,000 |
| 859.56 | 1 | $55,000 | $55,000 |
| 865.0 | 1 | $115,000 | $115,000 |
| 866.03 | 1 | $25,000 | $25,000 |
| 872.06 | 1 | $25,000 | $25,000 |
| 885.0 | 1 | $65,000 | $65,000 |
| 915.65 | 1 | $125,000 | $125,000 |
| 921.03 | 1 | $25,000 | $25,000 |
| 922.06 | 1 | $35,000 | $35,000 |
| 927.03 | 1 | $55,000 | $55,000 |
| 936.03 | 1 | $135,000 | $135,000 |
| 938.65 | 2 | $210,000 | $105,000 |
| 944.03 | 1 | $45,000 | $45,000 |
| 945.65 | 2 | $80,000 | $40,000 |
| 947.06 | 1 | $55,000 | $55,000 |
| 951.3 | 1 | $95,000 | $95,000 |
| 961.03 | 1 | $45,000 | $45,000 |
| 962.06 | 1 | $65,000 | $65,000 |
| 963.65 | 6 | $410,000 | $68,333 |
| 969.3 | 7 | $405,000 | $57,857 |
| 972.06 | 1 | $55,000 | $55,000 |
| 975.06 | 1 | $65,000 | $65,000 |
| 979.03 | 1 | $75,000 | $75,000 |
| 979.3 | 1 | $15,000 | $15,000 |
| 982.06 | 1 | $25,000 | $25,000 |
| 989.3 | 1 | $55,000 | $55,000 |
| 991.03 | 2 | $140,000 | $70,000 |
| 994.56 | 1 | $65,000 | $65,000 |
| NA | 1,653 | $349,955,000 | $211,709 |