Ascentra Mortgage Rates, Fees & Info

Bettendorf, IA

LEI: 549300NSOTTGIGCIV712

Tax ID: 42-0747751

5 stars - out of 5 stars, based on 32 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

1,017

Origination Dollar Volume (All Markets)

$114,785,000
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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 applications
79.44%

Ascentra has a below average approval rate.

Pick Rate

Approvals leading to origination
48.73%

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%