Transcend Mortgage Rates, Fees & Info

Louisville, KY

LEI: 549300OCBGBM6IS0J130

Tax ID: 61-0360420

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Transcend is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Transcend has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Louisville, Bardstown, Elizabethtown, Frankfort, and Lexington among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Transcend has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Transcend 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
    30 Year Conventional Purchase 6.41% 11/21/24
    30 Year Conventional Refi 6.61% 11/21/24
    30 Year Cash-out Refi 6.77% 11/21/24
    30 Year FHA Purchase 7.62% 11/21/24
    30 Year VA Purchase 6.78% 11/21/24
    30 Year USDA Purchase 6.71% 11/21/24
    15 Year Conventional Purchase 6.19% 11/21/24
    15 Year Conventional Refi 5.91% 11/21/24
    15 Year Cash-out Refi 5.91% 11/21/24
    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.

    Transcend Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Transcend. 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

    118

    Origination Dollar Volume (All Markets)

    $22,650,000

    Awards

    TRANSCEND 30 Year Conventional Loans silver TRANSCEND 30 Year Conventional Loans silver
    Show all (2) 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
    LOUISVILLE, KY (FHA|USDA|VA) 106 $20,760,000 $195,849 $1,359 4.29%
    Bardstown, KY (FHA|USDA|VA) 3 $625,000 $208,333 $2,818 4.08%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $245,000 $245,000 $5,691 3.00%
    Frankfort, KY (FHA|USDA|VA) 1 $225,000 $225,000 $0 6.00%
    Outside of Metro Areas 2 $220,000 $110,000 $2,355 4.38%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $190,000 $95,000 $2,307 3.25%
    BOWLING GREEN, KY (FHA|USDA|VA) 1 $145,000 $145,000 $2,660 4.75%
    OWENSBORO, KY (FHA|USDA|VA) 1 $135,000 $135,000 $2,951 5.75%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $105,000 $105,000 $3,448 5.50%
    Transcend's top markets include Louisville, Bardstown, Elizabethtown, Frankfort, and Lexington among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against TRANSCEND based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Commonwealth Bank and Trust Company
    Similarity Rank: 133
    The Peoples Bank
    Similarity Rank: 420
    Guardian Savings Bank, A Federal Savings Bank
    Similarity Rank: 423
    COMMONWEALTH
    Similarity Rank: 425
    INDIANA MEMBERS CREDIT UNION
    Similarity Rank: 442
    TRANSCEND
    Similarity Rank: 558
    Abound Federal Credit Union
    Similarity Rank: 561
    Forcht Bank
    Similarity Rank: 980
    VILLAGE CAPITAL MORTGAGE
    Similarity Rank: 1188
    Central Bank
    Similarity Rank: 1260

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 117 $22,405,000 $191,496 $1,460 4.31%
    USDA 1 $245,000 $245,000 $5,691 3.00%

    For 2022, Transcend's most frequently originated type of loan was Conventional, with 117 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 57 $14,095,000 $247,281 $1,150 4.90%
    Cash Out Refi 40 $5,820,000 $145,500 $1,880 4.05%
    Refi 17 $2,025,000 $119,118 $1,655 3.10%
    Home Improvement 4 $710,000 $177,500 $1,905 3.25%

    For 2022, Transcend's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Cash Out Refi, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 78 $17,760,000 $227,692 $1,375 4.80%
    15 Year 21 $2,485,000 $118,333 $2,061 3.48%
    10 Year 10 $950,000 $95,000 $1,323 2.99%
    20 Year 6 $830,000 $138,333 $2,131 3.71%
    Other 3 $625,000 $208,333 $0 2.46%

    For 2022, Transcend's most frequently cited loan duration was 30 Year, with 78 originations. The 2nd most popular length was 15 Year, with 21 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 60 $8,080,000 $134,667
    $<1k 56 $14,090,000 $251,607
    $3k-4k 2 $480,000 $240,000

    Transcend's average total fees were $1,375, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 60 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 32 $9,020,000 $281,875
    5-6% 28 $5,220,000 $186,429
    3-4% 27 $4,225,000 $156,481
    2.5-3% 14 $1,610,000 $115,000
    <2.5% 12 $1,630,000 $135,833
    6-7% 5 $945,000 $189,000

    During 2022, Transcend's average interest rate for loans was 4.80%, while their most frequently originated rate bucket for loans was 4-5%, with 32 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 53 $7,535,000 $142,170 $1,706 4.11%
    $200k-400k 40 $11,010,000 $275,250 $978 4.83%
    $100,000 or less 20 $1,440,000 $72,000 $2,350 3.61%
    $400k-600k 3 $1,375,000 $458,333 $0 4.62%
    $600k-1MM 2 $1,290,000 $645,000 $0 4.99%

    2022 saw Transcend place emphasis on $100k-200k loans with 53 originations, totaling $7,535,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 31 $4,435,000 $143,065 $1,890 4.28%
    $75k-100k 29 $6,245,000 $215,345 $1,463 4.48%
    $100k-150k 23 $4,535,000 $197,174 $898 4.25%
    $50k or less 18 $1,770,000 $98,333 $2,420 3.90%
    $150k-250k 12 $3,810,000 $317,500 $732 4.67%
    $250k+ 4 $1,730,000 $432,500 $0 4.12%

    Transcend lent most frequently to those with incomes in the $50k-75k range, with 31 originations. The second most popular income band? $75k-100k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 39 $6,845,000 $175,513 $1,166 4.02%
    30-36% 31 $7,435,000 $239,839 $1,174 4.59%
    <20% 16 $2,060,000 $128,750 $1,741 4.02%
    38% 4 $970,000 $242,500 $1,836 4.59%
    39% 4 $740,000 $185,000 $1,284 5.28%
    36% 4 $730,000 $182,500 $1,933 4.41%
    37% 4 $980,000 $245,000 $1,222 4.75%
    44% 4 $670,000 $167,500 $3,253 3.88%
    42% 3 $455,000 $151,667 $2,450 4.33%
    41% 2 $270,000 $135,000 $2,410 5.25%
    43% 2 $710,000 $355,000 $1,660 4.93%
    47% 2 $410,000 $205,000 $2,786 3.69%
    40% 2 $250,000 $125,000 $2,556 3.81%

    Transcend lent most frequently to those with DTI ratios of 20-30%, with 39 originations. The next most common DTI ratio? 30-36%, with 31 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 54 $10,370,000 $192,037 $1,528 4.39%
    White 54 $10,090,000 $186,852 $1,370 4.28%
    Black 7 $1,645,000 $235,000 $2,197 3.95%
    Asian 3 $545,000 $181,667 $1,558 3.83%

    Approval Rates

    Total approvals of all applications
    92.24%

    Transcend has an average approval rate.

    Pick Rate

    Approvals leading to origination
    32.20%

    Transcend 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 118 $22,650,000 $191,949

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    118 $22,650,000 $191,949

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $1,625,000 $108,333 $1,381 3.51%
    40-60% 28 $3,940,000 $140,714 $1,371 3.75%
    60-80% 37 $7,835,000 $211,757 $1,733 4.45%
    80-100% 35 $9,015,000 $257,571 $1,326 4.92%
    Under 20% 2 $110,000 $55,000 $2,177 4.31%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    TRANSUNION INTERMEDIATE HOLDINGS, INC. Conventional home mortgage Incorrect information on your report 1 50.0%
    TRANSUNION INTERMEDIATE HOLDINGS, INC. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 50.0%