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 Refi, Cash Out Refi, and Home Purchase loans. Ascentra has a high proportion of conventional loans. Their top markets by origination volume include: Davenport, Clinton, Muscatine, Sterling, and Wichita among others. We have data for 17 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% | 4/21/24 |
| 30 Year Conventional Purchase | 6.20% | 4/21/24 |
| 30 Year Conventional Refi | 6.56% | 4/21/24 |
| 30 Year Cash-out Refi | 5.92% | 4/21/24 |
| 15 Year Conventional Purchase | 5.74% | 4/21/24 |
| 15 Year Conventional Refi | 6.03% | 4/21/24 |
| 15 Year Cash-out Refi | 6.03% | 4/21/24 |
| 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
1,232Origination Dollar Volume (All Markets)
$155,000,000Awards
ASCENTRA - 2020
ASCENTRA is a 2020 , due to their low .
For 2020, 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) | 883 | $116,915,000 | $132,407 | $1,651 | 3.28% |
| Clinton, IA (FHA|USDA|VA) | 171 | $16,355,000 | $95,643 | $1,778 | 3.32% |
| Muscatine, IA (FHA|USDA|VA) | 78 | $8,270,000 | $106,026 | $1,622 | 3.37% |
| Outside of Metro Areas | 44 | $5,660,000 | $128,636 | $1,560 | 3.29% |
| Sterling, IL (FHA|USDA|VA) | 36 | $3,700,000 | $102,778 | $1,879 | 3.62% |
| WICHITA, KS (FHA|USDA|VA) | 3 | $1,195,000 | $398,333 | $3,000 | 2.88% |
| IOWA CITY, IA (FHA|USDA|VA) | 6 | $890,000 | $148,333 | $1,645 | 2.92% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,642 | 2.25% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $1,607 | 3.00% |
| Oskaloosa, IA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,227 | 2.38% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $2,122 | 3.31% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,026 | 3.13% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,431 | 3.88% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.25% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.25% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.50% |
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: 42
Similarity Rank: 117
Similarity Rank: 126
Similarity Rank: 350
Similarity Rank: 414
Similarity Rank: 486
Similarity Rank: 506
Similarity Rank: 682
Similarity Rank: 714
Similarity Rank: 748
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,047 | $146,475,000 | $139,900 | $1,677 | 3.18% |
| HELOC | 185 | $8,525,000 | $46,081 | n/a | 4.00% |
For 2020, Ascentra's most frequently originated type of loan was Conventional, with 1,047 originations. Their 2nd most popular type was HELOC, with 185 originations.
Loan Reason
For 2020, Ascentra's most frequently cited loan purpose was Refi, with 396 originations. The 2nd most popular reason was Cash Out Refi, with 387 originations.
Loan Duration/Length
For 2020, Ascentra's most frequently cited loan duration was 30 Year, with 489 originations. The 2nd most popular length was 20 Year, with 243 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 952 | $134,680,000 | $141,471 |
| $1k-2k | 2 | $320,000 | $160,000 |
| $4k-5k | 1 | $395,000 | $395,000 |
Ascentra's average total fees were $1,888, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 952 originations.
Interest Rates
During 2020, Ascentra's average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was 2.5-3%, with 549 originations.
Loan Sizing
2020 saw Ascentra place emphasis on $100,000 or less loans with 579 originations, totaling $31,415,000 in origination value.
Applicant Income
Ascentra lent most frequently to those with incomes in the $50k-75k range, with 313 originations. The second most popular income band? $100k-150k, with 238 originations.
Applicant Debt to Income Ratio
Ascentra lent most frequently to those with DTI ratios of 20-30%, with 337 originations. The next most common DTI ratio? 30-36%, with 241 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.64%
Ascentra has a below average approval rate.
Pick Rate
Approvals leading to origination57.14%
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 | 1,232 | $155,000,000 | $125,812 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 5 | $2,035,000 | $407,000 |
| Single Family (1-4 Units):Site-Built | 1,227 | $152,965,000 | $124,666 |