Is Ascent Home Lending, Llc An Expensive Mortgage Lender?

We compare mortgage interest rate and loan related closing costs at Ascent Home Lending, Llc with other lenders for mortgages with similar borrower characteristics:

Interest Rate: similar to average (+0.02%)
Loan Related Closing Costs: similar to average (+$37)
Assessment: this lender tends to be a average cost lender.

This scoreboard is based on data reported to FFIEC. In the data, Ascent Home Lending, Llc originated 165 mortgages, a national market share of 0.0%. It was primarily active in TX, with a 0.0% market share.

On average, Ascent Home Lending, Llc’s interest rates were similar to those of comparable mortgages at other lenders (+0.02%).1The comparable mortgages control for Ascent Home Lending, Llc’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $5426, which was similar to those of comparable mortgages at $5389, with a difference of +$37. Overall, we estimate that Ascent Home Lending, Llc tends to be an average cost lender, with a cost-adjusted-rate difference of +0.01% compared to comparable mortgages at other lenders.2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Nevertheless, we recommend comparing your rate and fees with at least a few other lenders before signing with Ascent Home Lending, Llc.

Ascent Home Lending, Llc originated Conforming mortgages for new home purchases. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:

Home Purchase Mortgages from Ascent Home Lending, Llc compared to other lenders

Conforming
Interest Rate Difference+0.02%
Loan related Closing Cost Difference+$37
Cost Adjusted Rate Difference+0.01%

Based on the table above, Ascent Home Lending, Llc is similar to other lenders for Conforming purchase mortgages.

Other information about Ascent Home Lending, Llc:

Regulator: United States Department of Housing and Urban Development (HUD) 
Registered city and state: FORT COLLINS, CO, 80528

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Footnotes

Footnotes
1The comparable mortgages control for Ascent Home Lending, Llc’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages.
2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate.