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 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.

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

797

Origination Dollar Volume (All Markets)

$75,595,000
Show all (8) 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) 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%
Ascentra's top markets include Davenport, Clinton, Muscatine, Sterling, and Fort Collins among others.

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

    Hills Bank and Trust Company
    Similarity Rank: 39
    THE FAMILY CREDIT UNION
    Similarity Rank: 217
    ASCENTRA
    Similarity Rank: 468
    CBI Bank & Trust
    Similarity Rank: 492
    RUHL MORTGAGE, LLC
    Similarity Rank: 731
    Fortress Bank
    Similarity Rank: 858
    IOWA BANKERS MORTGAGE CORPORATION
    Similarity Rank: 960
    Farmers & Mechanics Bank
    Similarity Rank: 1050
    Great Southern Bank
    Similarity Rank: 1456

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 239 $31,855,000 $133,285 $1,888 4.06%
    Other 165 $6,585,000 $39,909 $329 5.47%
    Cash Out Refi 147 $19,565,000 $133,095 $1,908 3.80%
    Home Improvement 132 $6,280,000 $47,576 $550 5.26%
    Refi 98 $9,960,000 $101,633 $1,289 4.12%
    NA 16 $1,350,000 $84,375 $0 5.08%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 307 $44,085,000 $143,599 $1,898 3.91%
    20 Year 180 $12,010,000 $66,722 $1,904 5.44%
    10 Year 146 $6,370,000 $43,630 $306 5.02%
    15 Year 71 $8,285,000 $116,690 $1,870 3.38%
    5 Year 67 $3,605,000 $53,806 $287 4.73%
    Other 21 $1,155,000 $55,000 $326 5.63%
    3 Year 5 $85,000 $17,000 $299 4.80%

    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

    Loan Rate Originations Total Value Average Loan
    3-4% 337 $44,525,000 $132,122
    4-5% 255 $19,425,000 $76,176
    5-6% 114 $6,100,000 $53,509
    6-7% 52 $2,000,000 $38,462
    2.5-3% 19 $2,975,000 $156,579
    Over 8% 11 $245,000 $22,273
    7-8% 9 $325,000 $36,111

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 505 $24,645,000 $48,802 $1,048 4.89%
    $100k-200k 218 $30,610,000 $140,413 $1,816 3.96%
    $200k-400k 71 $19,015,000 $267,817 $1,897 3.76%
    $400k-600k 3 $1,325,000 $441,667 $1,860 3.50%

    2019 saw Ascentra place emphasis on $100,000 or less loans with 505 originations, totaling $24,645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 187 $13,015,000 $69,599 $1,517 4.47%
    $50k-75k 186 $16,530,000 $88,871 $1,536 4.42%
    $75k-100k 167 $16,605,000 $99,431 $1,342 4.52%
    $100k-150k 151 $17,835,000 $118,113 $1,186 4.57%
    $150k-250k 60 $7,100,000 $118,333 $1,258 4.72%
    $250k+ 10 $1,930,000 $193,000 $1,195 4.61%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 214 $18,690,000 $87,336 $1,424 4.50%
    30-36% 166 $15,760,000 $94,940 $1,280 4.58%
    <20% 100 $7,290,000 $72,900 $1,133 4.54%
    38% 30 $3,310,000 $110,333 $1,570 4.38%
    39% 29 $3,595,000 $123,966 $1,676 4.84%
    44% 25 $2,725,000 $109,000 $1,625 4.56%
    37% 25 $2,935,000 $117,400 $1,774 4.21%
    36% 24 $2,160,000 $90,000 $1,276 4.47%
    45% 22 $2,730,000 $124,091 $1,259 4.79%
    42% 21 $2,115,000 $100,714 $1,550 4.49%
    40% 20 $2,080,000 $104,000 $1,416 4.52%
    41% 17 $1,645,000 $96,765 $1,291 4.26%
    50-60% 16 $980,000 $61,250 $1,048 4.85%
    48% 13 $1,335,000 $102,692 $1,744 4.85%
    43% 12 $1,480,000 $123,333 $1,400 4.09%
    47% 12 $1,280,000 $106,667 $1,877 4.19%
    46% 11 $1,465,000 $133,182 $1,696 4.44%
    49% 7 $905,000 $129,286 $1,694 4.50%
    >60% 3 $385,000 $128,333 $1,041 4.25%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 721 $68,485,000 $94,986 $1,395 4.51%
    Not provided 21 $2,545,000 $121,190 $1,537 4.45%
    Not applicable 28 $2,160,000 $77,143 $1,850 4.80%
    Black 16 $1,260,000 $78,750 $1,191 4.97%
    Asian 9 $925,000 $102,778 $1,654 4.38%
    Vietnamese 1 $195,000 $195,000 $0 4.50%
    American Indian 1 $25,000 $25,000 $221 4.75%

    Approval Rates

    Total approvals of all applications
    78.67%

    Ascentra has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    29.74%

    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

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 147 $7,305,000 $49,694 $412 5.42%
    40-60% 79 $6,035,000 $76,392 $1,385 4.40%
    60-80% 229 $30,315,000 $132,380 $1,755 3.93%
    80-100% 190 $26,900,000 $141,579 $1,869 3.92%
    Under 20% 146 $4,020,000 $27,534 $320 5.48%