Ascentra Mortgage Rates, Fees & Info
Bettendorf, IALEI: 549300NSOTTGIGCIV712
Tax ID: 42-0747751
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Mortgage Data
Review & Overview
Ascentra is a smaller mortgage company specializing in Home Purchase loans. Ascentra has a high proportion of conventional loans. Their top markets by origination volume include: Davenport, Clinton, Muscatine, Sterling, and Iowa City among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Ascentra 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. Ascentra 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.53% | 9/25/23 |
| 30 Year Conventional Purchase | 6.20% | 9/25/23 |
| 30 Year Conventional Refi | 6.56% | 9/25/23 |
| 30 Year Cash-out Refi | 5.92% | 9/25/23 |
| 15 Year Conventional Purchase | 5.74% | 9/25/23 |
| 15 Year Conventional Refi | 6.03% | 9/25/23 |
| 15 Year Cash-out Refi | 6.03% | 9/25/23 |
| 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. | ||
Ascentra Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
847Origination Dollar Volume (All Markets)
$86,265,000Awards
ASCENTRA - 2022
ASCENTRA is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Ascentra's average 30 year fixed mortgage rate was
4.11%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.65%.
Relative Fees (Closing Costs)
Ascentra's average total fees/closing costs for a 30 year fixed rate
mortgage were $1,996.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 579 | $60,295,000 | $104,136 | $1,551 | 4.37% |
| Clinton, IA (FHA|USDA|VA) | 123 | $10,635,000 | $86,463 | $1,706 | 4.60% |
| Muscatine, IA (FHA|USDA|VA) | 74 | $6,310,000 | $85,270 | $1,547 | 4.76% |
| Outside of Metro Areas | 26 | $2,930,000 | $112,692 | $1,621 | 4.62% |
| Sterling, IL (FHA|USDA|VA) | 27 | $2,655,000 | $98,333 | $1,720 | 4.26% |
| IOWA CITY, IA (FHA|USDA|VA) | 6 | $990,000 | $165,000 | $2,162 | 4.02% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $9,645 | 3.75% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $2,384 | 4.50% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,778 | 3.38% |
| Galesburg, IL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 4.50% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,840 | 4.50% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,770 | 3.50% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $634 | 4.75% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,963 | 3.75% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $230 | 5.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against ASCENTRA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 57
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 604 | $73,240,000 | $121,258 | $1,610 | 4.34% |
| HELOC | 243 | $13,025,000 | $53,601 | n/a | 4.68% |
For 2022, Ascentra's most frequently originated type of loan was Conventional, with 604 originations. Their 2nd most popular type was HELOC, with 243 originations.
Loan Reason
For 2022, Ascentra's most frequently cited loan purpose was Home Purchase, with 296 originations. The 2nd most popular reason was Other, with 191 originations.
Loan Duration/Length
For 2022, Ascentra's most frequently cited loan duration was 30 Year, with 359 originations. The 2nd most popular length was 20 Year, with 252 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 553 | $68,175,000 | $123,282 |
| $3k-4k | 1 | $125,000 | $125,000 |
| $5k+ | 1 | $565,000 | $565,000 |
Ascentra's average total fees were $1,996, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 553 originations.
Interest Rates
During 2022, Ascentra's average interest rate for loans was 4.11%, while their most frequently originated rate bucket for loans was 4-5%, with 349 originations.
Loan Sizing
2022 saw Ascentra place emphasis on $100,000 or less loans with 516 originations, totaling $23,730,000 in origination value.
Applicant Income
Ascentra lent most frequently to those with incomes in the $50k or less range, with 177 originations. The second most popular income band? $50k-75k, with 158 originations.
Applicant Debt to Income Ratio
Ascentra lent most frequently to those with DTI ratios of 20-30%, with 142 originations. The next most common DTI ratio? 30-36%, with 88 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.93%
Ascentra has a below average approval rate.
Pick Rate
Approvals leading to origination38.25%
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 | 847 | $86,265,000 | $101,848 |