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 Other and Home Purchase loans. Ascentra has a high proportion of conventional loans. Their top markets by origination volume include: Davenport, Clinton, Muscatine, Sterling, and Des Moines among others. We have data for 12 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 relatively high 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) | 6.53% | 12/2/24 |
| 30 Year Conventional Purchase | 6.20% | 12/2/24 |
| 30 Year Conventional Refi | 6.56% | 12/2/24 |
| 30 Year Cash-out Refi | 5.92% | 12/2/24 |
| 15 Year Conventional Purchase | 5.74% | 12/2/24 |
| 15 Year Conventional Refi | 6.03% | 12/2/24 |
| 15 Year Cash-out Refi | 6.03% | 12/2/24 |
| 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. | ||
Ascentra Mortgage Calculator
Your Estimates
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This is not an official calculator from Ascentra. 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
650Origination Dollar Volume (All Markets)
$66,580,000Awards
ASCENTRA - 2023
ASCENTRA is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Ascentra's average 30 year fixed mortgage rate was
5.95%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.53%.
Relative Fees (Closing Costs)
Ascentra's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,076.
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 $9,089.
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) | 429 | $47,025,000 | $109,615 | $1,390 | 6.79% |
| Clinton, IA (FHA|USDA|VA) | 91 | $6,675,000 | $73,352 | $1,520 | 6.87% |
| Muscatine, IA (FHA|USDA|VA) | 60 | $5,040,000 | $84,000 | $1,325 | 6.85% |
| Outside of Metro Areas | 31 | $3,275,000 | $105,645 | $1,417 | 6.59% |
| Sterling, IL (FHA|USDA|VA) | 27 | $2,775,000 | $102,778 | $1,527 | 6.50% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 5 | $825,000 | $165,000 | $1,719 | 5.85% |
| Ottumwa, IA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 6.50% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 8.50% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,279 | 4.75% |
| Galesburg, IL (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $2,287 | 6.50% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.25% |
| Oskaloosa, IA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,436 | 5.25% |
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: 99
Similarity Rank: 155
Similarity Rank: 174
Similarity Rank: 180
Similarity Rank: 220
Similarity Rank: 280
Similarity Rank: 336
Similarity Rank: 420
Similarity Rank: 506
Similarity Rank: 555
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 503 | $58,015,000 | $115,338 | $1,422 | 6.31% |
| HELOC | 147 | $8,565,000 | $58,265 | n/a | 8.38% |
For 2023, Ascentra's most frequently originated type of loan was Conventional, with 503 originations. Their 2nd most popular type was HELOC, with 147 originations.
Loan Reason
For 2023, Ascentra's most frequently cited loan purpose was Other, with 284 originations. The 2nd most popular reason was Home Purchase, with 211 originations.
Loan Duration/Length
For 2023, Ascentra's most frequently cited loan duration was 30 Year, with 214 originations. The 2nd most popular length was 10 Year, with 181 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 436 | $51,620,000 | $118,394 |
Ascentra's average total fees were $2,076, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 436 originations.
Interest Rates
During 2023, Ascentra's average interest rate for loans was 5.95%, while their most frequently originated rate bucket for loans was 6-7%, with 254 originations.
Loan Sizing
2023 saw Ascentra place emphasis on $100,000 or less loans with 421 originations, totaling $19,315,000 in origination value.
Applicant Income
Ascentra lent most frequently to those with incomes in the $50k-75k range, with 150 originations. The second most popular income band? $100k-150k, with 137 originations.
Applicant Debt to Income Ratio
Ascentra lent most frequently to those with DTI ratios of 20-30%, with 104 originations. The next most common DTI ratio? 30-36%, with 102 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.45%
Ascentra has a below average approval rate.
Pick Rate
Approvals leading to origination31.23%
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 | 650 | $66,580,000 | $102,431 |