Ascentra Mortgage Rates, Fees & Info
Bettendorf, IALEI: 549300NSOTTGIGCIV712
Tax ID: 42-0747751
2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Overview
Ascentra is a smaller mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Ascentra has a high proportion of conventional loans. Their top markets include Davenport, Clinton, Muscatine, Sterling, and Cedar Rapids among others. Ascentra has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Ascentra is typically a low fee lendor.Originations
1,017Origination Dollar Volume (All Markets)
$114,785,000Awards
ASCENTRA - 2021
ASCENTRA is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for ASCENTRA?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Ascentra's average 30 year fixed rate mortgage of loans were
3.02%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.13%.
Relative Fees
Ascentra's average total fees for a 30 year fixed rate
mortgage are $1,939.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 727 | $83,015,000 | $114,188 | $1,800 | 3.16% |
| Clinton, IA (FHA|USDA|VA) | 132 | $11,970,000 | $90,682 | $1,903 | 3.28% |
| Muscatine, IA (FHA|USDA|VA) | 68 | $8,510,000 | $125,147 | $1,864 | 3.09% |
| Outside of Metro Areas | 37 | $5,215,000 | $140,946 | $2,006 | 3.19% |
| Sterling, IL (FHA|USDA|VA) | 37 | $4,005,000 | $108,243 | $1,805 | 3.46% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $1,459 | 2.78% |
| IOWA CITY, IA (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $2,145 | 3.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,387 | 3.00% |
| PEORIA, IL (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $2,107 | 2.94% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,881 | 2.88% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,034 | 2.63% |
| Galesburg, IL (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $1,173 | 3.88% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,251 | 2.50% |
Ascentra's top markets include Davenport, Clinton, Muscatine, Sterling, and Cedar Rapids among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,017 | $114,785,000 | $112,866 | $1,830 | 3.18% |
For the 2021 period, Ascentra's most frequently originated loan type of loans were Conventional, with 1,017 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 269 | $31,045,000 | $115,409 | $1,849 | 2.99% |
| Cash Out Refi | 254 | $35,700,000 | $140,551 | $1,943 | 2.73% |
| Home Purchase | 253 | $34,105,000 | $134,802 | $1,895 | 3.14% |
| Other | 122 | $7,940,000 | $65,082 | $1,354 | 3.99% |
| Home Improvement | 119 | $5,995,000 | $50,378 | $1,016 | 3.83% |
For the 2021, Ascentra's most frequently cited loan purpose of loans were Refi, with 269 originations. The 2nd most popular reason of loans were Cash Out Refi, with 254 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 370 | $56,540,000 | $152,811 | $1,939 | 3.02% |
| 20 Year | 275 | $20,775,000 | $75,545 | $1,957 | 3.49% |
| 15 Year | 169 | $20,825,000 | $123,225 | $1,931 | 2.55% |
| 10 Year | 123 | $8,925,000 | $72,561 | $1,416 | 3.14% |
| 5 Year | 59 | $4,905,000 | $83,136 | $424 | 4.30% |
| Other | 14 | $1,340,000 | $95,714 | $306 | 4.05% |
| 1 Year | 7 | $1,475,000 | $210,714 | $0 | 4.25% |
For the 2021, Ascentra's most frequently cited loan length of loans were 30 Year, with 370 originations. The 2nd most popular length of loans were 20 Year, with 275 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 725 | $94,925,000 | $130,931 |
| $3k-4k | 1 | $315,000 | $315,000 |
$1,939 of loans were Ascentra's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 725 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 344 | $52,220,000 | $151,802 |
| 3-4% | 313 | $30,605,000 | $97,780 |
| <2.5% | 215 | $24,755,000 | $115,140 |
| 4-5% | 100 | $5,590,000 | $55,900 |
| 5-6% | 28 | $960,000 | $34,286 |
| 6-7% | 12 | $550,000 | $45,833 |
| 7-8% | 4 | $90,000 | $22,500 |
| Over 8% | 1 | $15,000 | $15,000 |
During 2021, Ascentra's average interest rate of loans were 3.02%, while their most frequently originated rate bucket of loans were 2.5-3%, with 344 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 542 | $30,030,000 | $55,406 | $1,679 | 3.44% |
| $100k-200k | 334 | $46,380,000 | $138,862 | $1,927 | 2.86% |
| $200k-400k | 132 | $34,250,000 | $259,470 | $1,961 | 2.92% |
| $400k-600k | 9 | $4,125,000 | $458,333 | $2,002 | 3.21% |
2021 saw Ascentra place emphasis on $100,000 or less loans with 542 originations, totaling $30,030,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 226 | $17,840,000 | $78,938 | $1,804 | 3.18% |
| $50k-75k | 210 | $22,190,000 | $105,667 | $1,831 | 3.15% |
| $75k-100k | 161 | $18,375,000 | $114,130 | $1,872 | 3.17% |
| $100k-150k | 160 | $21,560,000 | $134,750 | $1,821 | 3.23% |
| $150k-250k | 70 | $13,150,000 | $187,857 | $1,760 | 3.39% |
| $250k+ | 11 | $2,375,000 | $215,909 | $1,681 | 3.49% |
Ascentra lent most frequently to those with incomes in the $50k or less range, with 226 originations. The second most popular income band? $50k-75k, with 210 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 231 | $25,905,000 | $112,143 | $1,838 | 3.21% |
| 30-36% | 188 | $21,920,000 | $116,596 | $1,897 | 3.17% |
| <20% | 106 | $11,030,000 | $104,057 | $1,759 | 3.06% |
| 37% | 28 | $2,670,000 | $95,357 | $1,623 | 3.23% |
| 38% | 26 | $3,740,000 | $143,846 | $2,068 | 3.00% |
| 39% | 25 | $2,425,000 | $97,000 | $1,722 | 3.56% |
| 44% | 25 | $2,935,000 | $117,400 | $1,806 | 3.50% |
| 43% | 24 | $2,860,000 | $119,167 | $1,746 | 3.71% |
| 36% | 24 | $3,330,000 | $138,750 | $1,878 | 3.04% |
| 41% | 21 | $2,395,000 | $114,048 | $1,782 | 3.13% |
| 42% | 20 | $3,000,000 | $150,000 | $1,984 | 2.91% |
| 46% | 19 | $1,585,000 | $83,421 | $1,610 | 3.39% |
| 50-60% | 19 | $1,675,000 | $88,158 | $1,765 | 3.16% |
| 40% | 18 | $2,540,000 | $141,111 | $1,838 | 3.01% |
| 45% | 13 | $1,115,000 | $85,769 | $1,378 | 3.73% |
| 48% | 10 | $1,260,000 | $126,000 | $2,031 | 3.08% |
| 49% | 8 | $1,400,000 | $175,000 | $1,922 | 3.00% |
| 47% | 7 | $545,000 | $77,857 | $1,458 | 3.73% |
| >60% | 3 | $165,000 | $55,000 | $306 | 4.13% |
Ascentra lent most frequently to those with DTI ratios of 20-30%, with 231 originations. The next most common DTI ratio? 30-36%, with 188 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 862 | $96,970,000 | $112,494 | $1,844 | 3.13% |
| Not provided | 52 | $6,630,000 | $127,500 | $1,618 | 3.15% |
| Not applicable | 55 | $5,885,000 | $107,000 | $0 | 3.82% |
| Black | 29 | $3,065,000 | $105,690 | $1,791 | 3.66% |
| Asian | 10 | $1,240,000 | $124,000 | $1,896 | 2.79% |
| American Indian | 6 | $710,000 | $118,333 | $1,904 | 3.08% |
| Other Asian | 3 | $285,000 | $95,000 | $1,833 | 2.83% |
Approval Rates
Total approvals of all applications79.44%
Ascentra has a below average approval rate.
Pick Rate
Approvals leading to origination48.73%
Ascentra 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 |
|---|---|---|---|
| NA | 1,017 | $114,785,000 | $112,866 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,017 | $114,785,000 | $112,866 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 105 | $5,895,000 | $56,143 | $1,416 | 3.63% |
| 40-60% | 118 | $12,060,000 | $102,203 | $1,904 | 3.02% |
| 60-80% | 292 | $40,940,000 | $140,205 | $1,942 | 3.00% |
| 80-100% | 237 | $37,245,000 | $157,152 | $1,919 | 3.06% |
| Under 20% | 138 | $4,040,000 | $29,275 | $608 | 4.08% |
