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 and Cash Out Refi loans. Ascentra has a high proportion of conventional loans. Their top markets by origination volume include: Davenport, Clinton, Muscatine, Sterling, and Fort Collins among others. We have data for 18 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
797Origination Dollar Volume (All Markets)
$75,595,000Awards
ASCENTRA - 2019
ASCENTRA is a 2019 , due to their low .
For 2019, 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) | 553 | $53,185,000 | $96,175 | $1,294 | 4.57% |
| Clinton, IA (FHA|USDA|VA) | 115 | $9,175,000 | $79,783 | $1,693 | 4.59% |
| Muscatine, IA (FHA|USDA|VA) | 60 | $5,970,000 | $99,500 | $1,467 | 4.36% |
| Outside of Metro Areas | 23 | $2,435,000 | $105,870 | $1,760 | 4.00% |
| Sterling, IL (FHA|USDA|VA) | 23 | $1,735,000 | $75,435 | $1,499 | 4.55% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $1,825 | 4.25% |
| IOWA CITY, IA (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $2,113 | 3.88% |
| Oskaloosa, IA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,220 | 4.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,040 | 3.25% |
| PEORIA, IL (FHA|USDA|VA) | 4 | $300,000 | $75,000 | $1,734 | 4.72% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $1,529 | 4.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,370 | 3.00% |
| Galesburg, IL (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $1,870 | 4.22% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,931 | 3.63% |
| GRAND ISLAND, NE (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,315 | 4.38% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $884 | 4.75% |
| Dixon, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.00% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $546 | 4.75% |
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: 39
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 649 | $68,405,000 | $105,401 | $1,399 | 4.23% |
| HELOC | 148 | $7,190,000 | $48,581 | n/a | 5.85% |
For 2019, Ascentra's most frequently originated type of loan was Conventional, with 649 originations. Their 2nd most popular type was HELOC, with 148 originations.
Loan Reason
For 2019, Ascentra's most frequently cited loan purpose was Home Purchase, with 239 originations. The 2nd most popular reason was Other, with 165 originations.
Loan Duration/Length
For 2019, Ascentra's most frequently cited loan duration was 30 Year, with 307 originations. The 2nd most popular length was 20 Year, with 180 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 595 | $64,265,000 | $108,008 |
Ascentra's average total fees were $1,898, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 595 originations.
Interest Rates
During 2019, Ascentra's average interest rate for loans was 3.91%, while their most frequently originated rate bucket for loans was 3-4%, with 337 originations.
Loan Sizing
2019 saw Ascentra place emphasis on $100,000 or less loans with 505 originations, totaling $24,645,000 in origination value.
Applicant Income
Ascentra lent most frequently to those with incomes in the $50k or less range, with 187 originations. The second most popular income band? $50k-75k, with 186 originations.
Applicant Debt to Income Ratio
Ascentra lent most frequently to those with DTI ratios of 20-30%, with 214 originations. The next most common DTI ratio? 30-36%, with 166 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.67%
Ascentra has a below average approval rate.
Pick Rate
Approvals leading to origination29.74%
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 | 797 | $75,595,000 | $94,849 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 797 | $75,595,000 | $94,849 |