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 Steamboat Springs among others. We have data for 13 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.53% | 12/4/24 |
| 30 Year Conventional Purchase | 6.20% | 12/4/24 |
| 30 Year Conventional Refi | 6.56% | 12/4/24 |
| 30 Year Cash-out Refi | 5.92% | 12/4/24 |
| 15 Year Conventional Purchase | 5.74% | 12/4/24 |
| 15 Year Conventional Refi | 6.03% | 12/4/24 |
| 15 Year Cash-out Refi | 6.03% | 12/4/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
642Origination Dollar Volume (All Markets)
$46,450,000Awards
ASCENTRA - 2018
ASCENTRA is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 446 | $32,930,000 | $73,834 | $1,543 | 5.25% |
| Clinton, IA (FHA|USDA|VA) | 94 | $5,470,000 | $58,191 | $1,740 | 5.09% |
| Muscatine, IA (FHA|USDA|VA) | 45 | $3,445,000 | $76,556 | $1,791 | 5.56% |
| Outside of Metro Areas | 21 | $1,865,000 | $88,810 | $1,975 | 4.93% |
| Sterling, IL (FHA|USDA|VA) | 26 | $1,370,000 | $52,692 | $1,552 | 6.11% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 4.90% |
| IOWA CITY, IA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 4.13% |
| Dixon, IL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,375 | 4.50% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $1,907 | 5.50% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,287 | 4.75% |
| AMES, IA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.25% |
| Galesburg, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.25% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 7.25% |
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: 120
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Similarity Rank: 150
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Similarity Rank: 299
Similarity Rank: 667
Similarity Rank: 690
Similarity Rank: 702
Similarity Rank: 704
Similarity Rank: 1200
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 493 | $39,715,000 | $80,558 | $1,620 | 5.21% |
| HELOC | 149 | $6,735,000 | $45,201 | n/a | 5.48% |
For 2018, Ascentra's most frequently originated type of loan was Conventional, with 493 originations. Their 2nd most popular type was HELOC, with 149 originations.
Loan Reason
For 2018, Ascentra's most frequently cited loan purpose was Home Purchase, with 200 originations. The 2nd most popular reason was Home Improvement, with 152 originations.
Loan Duration/Length
For 2018, Ascentra's most frequently cited loan duration was 30 Year, with 216 originations. The 2nd most popular length was 20 Year, with 152 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 284 | $31,240,000 | $110,000 |
Ascentra's average total fees were $1,797, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 284 originations.
Interest Rates
During 2018, Ascentra's average interest rate for loans was 4.52%, while their most frequently originated rate bucket for loans was 4-5%, with 385 originations.
Loan Sizing
2018 saw Ascentra place emphasis on $100,000 or less loans with 477 originations, totaling $19,085,000 in origination value.
Applicant Income
Ascentra lent most frequently to those with incomes in the $50k-75k range, with 179 originations. The second most popular income band? $50k or less, with 148 originations.
Applicant Debt to Income Ratio
Ascentra lent most frequently to those with DTI ratios of 20-30%, with 162 originations. The next most common DTI ratio? 30-36%, with 130 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.81%
Ascentra has a below average approval rate.
Pick Rate
Approvals leading to origination42.52%
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 | 642 | $46,450,000 | $72,352 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Assent Inc. | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 100.0% |