Ascentra Mortgage Rates, Fees & Info

Bettendorf, IA

LEI: 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.53% 3/28/24
30 Year Conventional Purchase 6.20% 3/28/24
30 Year Conventional Refi 6.56% 3/28/24
30 Year Cash-out Refi 5.92% 3/28/24
15 Year Conventional Purchase 5.74% 3/28/24
15 Year Conventional Refi 6.03% 3/28/24
15 Year Cash-out Refi 6.03% 3/28/24
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

Estimated Loan Payment: Update the calculator values and click calculate payment!

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

642

Origination Dollar Volume (All Markets)

$46,450,000
Show all (6) awards

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%
Ascentra's top markets include Davenport, Clinton, Muscatine, Sterling, and Steamboat Springs among others.

Their top states include:
  • Iowa (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • 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.

    R.I.A. Federal Credit Union
    Similarity Rank: 120
    THE FAMILY CREDIT UNION
    Similarity Rank: 125
    CBI Bank & Trust
    Similarity Rank: 150
    VERIDIAN CREDIT UNION
    Similarity Rank: 230
    ASCENTRA
    Similarity Rank: 299
    GREENSTATE CREDIT UNION
    Similarity Rank: 667
    Farmers & Mechanics Bank
    Similarity Rank: 702
    RUHL MORTGAGE, LLC
    Similarity Rank: 704
    Fortress Bank
    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 200 $23,750,000 $118,750 $1,788 4.52%
    Home Improvement 152 $3,790,000 $24,934 $578 6.85%
    Other 136 $5,030,000 $36,985 $368 5.31%
    Refi 82 $5,430,000 $66,220 $1,596 4.95%
    Cash Out Refi 59 $7,525,000 $127,542 $1,841 4.59%
    NA 13 $925,000 $71,154 $0 4.85%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 216 $27,450,000 $127,083 $1,797 4.52%
    20 Year 152 $7,360,000 $48,421 $1,885 5.43%
    10 Year 126 $4,980,000 $39,524 $365 4.99%
    5 Year 69 $4,145,000 $60,072 $303 4.91%
    Other 57 $885,000 $15,526 $221 10.35%
    15 Year 18 $1,430,000 $79,444 $1,834 4.28%
    1 Year 4 $200,000 $50,000 $0 5.42%

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 385 $33,795,000 $87,779
    5-6% 78 $3,160,000 $40,513
    3-4% 70 $6,930,000 $99,000
    6-7% 43 $1,645,000 $38,256
    Over 8% 35 $285,000 $8,143
    7-8% 13 $365,000 $28,077

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 477 $19,085,000 $40,010 $1,425 5.55%
    $100k-200k 131 $17,905,000 $136,679 $1,830 4.54%
    $200k-400k 34 $9,460,000 $278,235 $1,805 4.40%

    2018 saw Ascentra place emphasis on $100,000 or less loans with 477 originations, totaling $19,085,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 179 $11,735,000 $65,559 $1,654 5.40%
    $50k or less 148 $7,850,000 $53,041 $1,648 5.31%
    $100k-150k 124 $9,930,000 $80,081 $1,563 5.16%
    $75k-100k 104 $7,330,000 $70,481 $1,525 5.31%
    $150k-250k 54 $6,490,000 $120,185 $1,755 5.23%
    $250k+ 7 $755,000 $107,857 $967 5.33%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 162 $11,010,000 $67,963 $1,640 5.19%
    30-36% 130 $8,370,000 $64,385 $1,565 5.22%
    <20% 82 $6,100,000 $74,390 $1,624 4.99%
    36% 21 $1,765,000 $84,048 $1,856 4.88%
    39% 19 $1,895,000 $99,737 $1,819 5.27%
    38% 18 $1,100,000 $61,111 $1,526 5.34%
    37% 17 $785,000 $46,176 $1,089 5.54%
    41% 16 $1,160,000 $72,500 $1,444 5.49%
    45% 13 $745,000 $57,308 $1,295 5.09%
    44% 13 $1,085,000 $83,462 $1,545 4.77%
    40% 11 $1,395,000 $126,818 $1,793 4.68%
    42% 10 $1,070,000 $107,000 $1,462 5.53%
    50-60% 9 $435,000 $48,333 $224 5.14%
    46% 7 $475,000 $67,857 $1,779 4.54%
    49% 7 $835,000 $119,286 $1,963 4.64%
    >60% 6 $660,000 $110,000 $0 4.90%
    43% 6 $730,000 $121,667 $1,459 4.60%
    48% 5 $465,000 $93,000 $1,898 5.13%
    47% 3 $55,000 $18,333 $0 5.83%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 577 $41,565,000 $72,036 $1,618 5.27%
    Not applicable 22 $1,850,000 $84,091 $1,687 4.76%
    Black 19 $1,415,000 $74,474 $1,850 6.04%
    Not provided 17 $875,000 $51,471 $1,535 5.70%
    Asian Indian 3 $575,000 $191,667 $1,741 4.08%
    American Indian 1 $95,000 $95,000 $1,647 4.88%
    Asian 3 $75,000 $25,000 $221 4.83%

    Approval Rates

    Total approvals of all applications
    80.81%

    Ascentra has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    42.52%

    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

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $560,000 $280,000
    Single Family (1-4 Units):Manufactured 1 $55,000 $55,000
    Single Family (1-4 Units):Site-Built 639 $45,835,000 $71,729

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 101 $4,905,000 $48,564 $665 5.26%
    40-60% 44 $3,200,000 $72,727 $1,836 4.73%
    60-80% 111 $12,335,000 $111,126 $1,775 4.61%
    80-100% 142 $17,660,000 $124,366 $1,819 4.54%
    Over 100% 2 $160,000 $80,000 $0 4.63%
    Under 20% 142 $3,400,000 $23,944 $340 5.38%

    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%