Ascension Credit Union Mortgage Rates, Fees & Info

Gonzales, LA

LEI: 549300HLF6R48Z1V4F56

Tax ID: 72-0828054

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Ascension Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Ascension Credit Union has a high proportion of conventional loans. Their top (well, only) market is Baton Rouge.

    Ascension 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.

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    Originations

    21

    Origination Dollar Volume (All Markets)

    $1,525,000

    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
    BATON ROUGE, LA (FHA|USDA|VA) 21 $1,525,000 $72,619 $3,012 4.87%
    Ascension Credit Union's top markets include and Baton Rouge among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 21 $1,525,000 $72,619 $3,012 4.87%

    For 2019, Ascension Credit Union's most frequently originated type of loan was Conventional, with 21 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 10 $870,000 $87,000 $3,574 4.81%
    Cash Out Refi 10 $610,000 $61,000 $2,535 4.92%
    Refi 1 $45,000 $45,000 $2,171 4.98%

    For 2019, Ascension Credit Union's most frequently cited loan purpose was Home Purchase, with 10 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 12 $850,000 $70,833 $2,767 4.76%
    Other 4 $330,000 $82,500 $4,110 4.89%
    10 Year 3 $135,000 $45,000 $2,171 5.08%
    20 Year 1 $195,000 $195,000 $5,635 5.10%
    5 Year 1 $15,000 $15,000 $1,464 5.21%

    For 2019, Ascension Credit Union's most frequently cited loan duration was 15 Year, with 12 originations. The 2nd most popular length was Other, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 16 $810,000 $50,625
    $1k-2k 4 $520,000 $130,000
    $2k-3k 1 $195,000 $195,000

    Ascension 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 16 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 14 $1,020,000 $72,857
    5-6% 7 $505,000 $72,143

    During 2019, Ascension Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 14 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 16 $810,000 $50,625 $2,227 4.89%
    $100k-200k 5 $715,000 $143,000 $5,526 4.81%

    2019 saw Ascension Credit Union place emphasis on $100,000 or less loans with 16 originations, totaling $810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 7 $535,000 $76,429 $2,762 4.92%
    $50k or less 7 $375,000 $53,571 $2,333 4.87%
    $100k-150k 4 $350,000 $87,500 $3,965 4.86%
    $75k-100k 3 $265,000 $88,333 $3,914 4.78%

    Ascension Credit Union lent most frequently to those with incomes in the $50k-75k range, with 7 originations. The second most popular income band? $50k or less, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 9 $575,000 $63,889 $2,395 4.90%
    20-30% 4 $260,000 $65,000 $2,480 4.87%
    30-36% 3 $295,000 $98,333 $3,302 4.92%
    >60% 2 $240,000 $120,000 $6,172 4.83%
    40% 1 $25,000 $25,000 $1,463 4.51%
    43% 1 $15,000 $15,000 $1,464 5.21%
    45% 1 $115,000 $115,000 $6,615 4.53%

    Ascension Credit Union lent most frequently to those with DTI ratios of <20%, with 9 originations. The next most common DTI ratio? 20-30%, with 4 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 15 $1,135,000 $75,667 $2,912 4.88%
    American Indian 1 $195,000 $195,000 $9,268 4.61%
    Black 3 $125,000 $41,667 $1,927 4.96%
    Not provided 2 $70,000 $35,000 $2,269 4.78%

    Approval Rates

    Total approvals of all applications
    75.00%

    Ascension Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.71%

    Ascension Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 21 $1,525,000 $72,619

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 9 $725,000 $80,556
    Single Family (1-4 Units):Site-Built 12 $800,000 $66,667

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $55,000 $55,000 $2,023 4.95%
    60-80% 1 $85,000 $85,000 $2,756 4.53%
    80-100% 10 $890,000 $89,000 $3,792 4.83%
    Over 100% 5 $355,000 $71,000 $2,529 4.96%
    Under 20% 4 $140,000 $35,000 $1,980 4.91%