Advantis Mortgage Rates, Fees & Info

Milwaukie, OR

LEI: 254900MNIT450KPDA114

Tax ID: 93-0251640

4 stars - out of 5 stars, based on 42 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Advantis is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. Advantis has a high proportion of conventional loans. Their top markets include Portland, Salem, San Jose, Seattle, and Astoria among others. Advantis has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Advantis is typically an average fee lendor.


Originations

1,786

Origination Dollar Volume (All Markets)

$382,730,000

Relative Rate

Advantis's average 30 year fixed rate mortgage of loans were 3.59%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.44%.

Relative Fees

Advantis's average total fees for a 30 year fixed rate mortgage are $4,477.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1,444 $319,720,000 $221,413 $4,111 3.39%
SALEM, OR (FHA|USDA|VA) 39 $7,955,000 $203,974 $4,515 3.69%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 31 $6,295,000 $203,065 $0 5.60%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 22 $4,810,000 $218,636 $3,498 3.66%
Astoria, OR (FHA|USDA|VA) 16 $4,130,000 $258,125 $4,636 3.34%
Outside of Metro Areas 19 $3,955,000 $208,158 $3,878 3.22%
BEND, OR (FHA|USDA|VA) 18 $3,700,000 $205,556 $3,767 3.35%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 25 $3,525,000 $141,000 $0 5.71%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 12 $2,740,000 $228,333 $4,943 3.87%
BELLINGHAM, WA (FHA|USDA|VA) 11 $2,715,000 $246,818 $4,153 3.61%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 13 $2,005,000 $154,231 $0 5.73%
LONGVIEW, WA (FHA|USDA|VA) 10 $1,730,000 $173,000 $3,672 3.70%
Hood River, OR (FHA|USDA|VA) 8 $1,730,000 $216,250 $3,802 3.51%
CORVALLIS, OR (FHA|USDA|VA) 6 $1,570,000 $261,667 $4,765 4.00%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 9 $1,465,000 $162,778 $0 5.72%
Port Angeles, WA (FHA|USDA|VA) 5 $1,335,000 $267,000 $3,184 3.25%
Newport, OR (FHA|USDA|VA) 8 $1,310,000 $163,750 $3,214 3.09%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $880,000 $440,000 $0 4.88%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 4 $850,000 $212,500 $3,818 3.43%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 9 $815,000 $90,556 $0 5.50%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 10 $760,000 $76,000 $0 5.65%
GRANTS PASS, OR (FHA|USDA|VA) 4 $760,000 $190,000 $4,211 4.06%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $715,000 $238,333 $3,282 3.41%
MEDFORD, OR (FHA|USDA|VA) 4 $710,000 $177,500 $3,803 3.63%
Hermiston-Pendleton, OR (FHA|USDA|VA) 3 $625,000 $208,333 $3,551 3.08%
Prineville, OR (FHA|USDA|VA) 4 $610,000 $152,500 $3,236 4.03%
STOCKTON, CA (FHA|USDA|VA) 5 $585,000 $117,000 $0 5.65%
ALBANY-LEBANON, OR (FHA|USDA|VA) 3 $575,000 $191,667 $3,078 4.13%
Coos Bay, OR (FHA|USDA|VA) 3 $555,000 $185,000 $4,156 3.93%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 6 $430,000 $71,667 $0 5.96%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $395,000 $131,667 $0 5.67%
The Dalles, OR (FHA|USDA|VA) 3 $335,000 $111,667 $3,542 3.96%
YAKIMA, WA (FHA|USDA|VA) 2 $280,000 $140,000 $2,972 4.31%
Eureka-Arcata, CA (FHA|USDA|VA) 2 $270,000 $135,000 $0 5.63%
Centralia, WA (FHA|USDA|VA) 2 $200,000 $100,000 $4,575 3.56%
NAPA, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.75%
Ontario, OR-ID (FHA|USDA|VA) 1 $145,000 $145,000 $3,175 2.88%
WENATCHEE, WA (FHA|USDA|VA) 2 $140,000 $70,000 $0 4.87%
Ellensburg, WA (FHA|USDA|VA) 1 $125,000 $125,000 $2,316 2.50%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.50%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.99%
Brookings, OR (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.99%
MODESTO, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.50%
MADERA, CA (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.50%
CHICO, CA (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.50%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.25%
Oak Harbor, WA (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.15%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.75%
TUCSON, AZ (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.25%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.00%
REDDING, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.00%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.15%

Advantis's top markets include Portland, Salem, San Jose, Seattle, and Astoria among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,786 $382,730,000 $214,295 $4,096 3.57%

For the 2021 period, Advantis's most frequently originated loan type of loans were Conventional, with 1,786 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Improvement 486 $52,270,000 $107,551 $3,383 4.05%
Home Purchase 394 $108,560,000 $275,533 $5,127 4.02%
Cash Out Refi 393 $114,685,000 $291,819 $4,002 2.92%
Refi 376 $94,890,000 $252,367 $3,555 2.98%
Other 137 $12,325,000 $89,964 $3,307 4.10%

For the 2021, Advantis's most frequently cited loan purpose of loans were Home Improvement, with 486 originations. The 2nd most popular reason of loans were Home Purchase, with 394 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,311 $285,265,000 $217,593 $4,477 3.59%
15 Year 229 $51,555,000 $225,131 $3,225 2.47%
20 Year 130 $26,520,000 $204,000 $3,919 4.09%
Other 97 $15,535,000 $160,155 $3,041 5.49%
10 Year 19 $3,855,000 $202,895 $2,504 2.46%

For the 2021, Advantis's most frequently cited loan length of loans were 30 Year, with 1,311 originations. The 2nd most popular length of loans were 15 Year, with 229 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 444 $145,100,000 $326,802
$<1k 259 $45,015,000 $173,803
$2k-3k 153 $58,315,000 $381,144
$3k-4k 76 $30,160,000 $396,842
$5k+ 30 $11,960,000 $398,667

$4,477 of loans were Advantis's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 444 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 820 $154,680,000 $188,634
2.5-3% 461 $143,635,000 $311,573
<2.5% 216 $47,960,000 $222,037
5-6% 148 $18,930,000 $127,905
4-5% 115 $14,495,000 $126,043
6-7% 24 $2,540,000 $105,833

During 2021, Advantis's average interest rate of loans were 3.59%, while their most frequently originated rate bucket of loans were 3-4%, with 820 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 629 $182,135,000 $289,563 $4,138 3.19%
$100k-200k 482 $69,680,000 $144,564 $2,753 3.65%
$100,000 or less 460 $27,580,000 $59,957 $2,093 4.24%
$400k-600k 205 $95,545,000 $466,073 $5,532 3.06%
$600k-1MM 9 $6,685,000 $742,778 $6,980 3.39%
$1MM+ 1 $1,105,000 $1,105,000 $9,948 3.63%

2021 saw Advantis place emphasis on $200k-400k loans with 629 originations, totaling $182,135,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 528 $120,990,000 $229,148 $4,371 3.53%
$150k-250k 381 $87,535,000 $229,751 $4,525 3.58%
$75k-100k 380 $79,810,000 $210,026 $4,030 3.57%
$50k-75k 288 $53,510,000 $185,799 $3,636 3.63%
$50k or less 109 $14,595,000 $133,899 $2,972 3.46%
$250k+ 89 $22,545,000 $253,315 $4,590 3.69%

Advantis lent most frequently to those with incomes in the $100k-150k range, with 528 originations. The second most popular income band? $150k-250k, with 381 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 434 $91,430,000 $210,668 $4,137 3.49%
30-36% 365 $78,725,000 $215,685 $3,944 3.69%
<20% 198 $43,540,000 $219,899 $3,564 3.10%
49% 79 $13,935,000 $176,392 $4,431 3.78%
41% 70 $11,690,000 $167,000 $4,462 4.12%
38% 69 $15,285,000 $221,522 $4,260 3.65%
40% 63 $13,565,000 $215,317 $4,150 3.67%
39% 62 $16,180,000 $260,968 $4,521 3.42%
44% 61 $12,465,000 $204,344 $4,971 3.83%
37% 53 $10,745,000 $202,736 $3,979 3.98%
36% 52 $11,480,000 $220,769 $4,232 3.78%
42% 49 $11,995,000 $244,796 $4,495 3.69%
45% 42 $8,830,000 $210,238 $4,600 3.63%
47% 42 $8,280,000 $197,143 $4,117 3.48%
43% 40 $9,280,000 $232,000 $4,184 3.38%
48% 37 $7,895,000 $213,378 $3,593 3.42%
46% 37 $8,755,000 $236,622 $5,045 3.53%
50-60% 22 $5,260,000 $239,091 $4,250 3.32%
>60% 5 $1,465,000 $293,000 $3,736 3.42%

Advantis lent most frequently to those with DTI ratios of 20-30%, with 434 originations. The next most common DTI ratio? 30-36%, with 365 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,268 $270,960,000 $213,691 $4,094 3.54%
Not provided 318 $60,890,000 $191,478 $4,143 3.73%
Asian 108 $28,810,000 $266,759 $4,050 3.53%
Black 36 $7,530,000 $209,167 $4,304 3.86%
Native Hawaiian 27 $7,315,000 $270,926 $3,866 2.94%
American Indian 21 $5,145,000 $245,000 $4,203 3.57%
Not applicable 1 $785,000 $785,000 $0 4.00%
Other Asian 2 $500,000 $250,000 $4,362 3.58%
Asian Indian 2 $300,000 $150,000 $0 4.07%
Vietnamese 2 $290,000 $145,000 $0 4.75%
Filipino 1 $205,000 $205,000 $0 3.99%

Approval Rates

Total approvals of all applications
93.77%

Advantis has an average approval rate.

Pick Rate

Approvals leading to origination
58.10%

Advantis 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
10041.3 1 $305,000 $305,000
10557.0 1 $315,000 $315,000
11199.0 1 $335,000 $335,000
12564.65 1 $385,000 $385,000
1779.39 1 $35,000 $35,000
2070.0 1 $45,000 $45,000
2111.44 1 $45,000 $45,000
2160.92 1 $45,000 $45,000
2557.04 1 $55,000 $55,000
2662.03 1 $55,000 $55,000
2667.0 1 $55,000 $55,000
2672.69 1 $55,000 $55,000
2731.94 1 $55,000 $55,000
2754.0 1 $55,000 $55,000
2766.0 1 $55,000 $55,000
2874.83 1 $65,000 $65,000
2876.66 1 $65,000 $65,000
2977.46 1 $85,000 $85,000
2997.0 1 $65,000 $65,000
3000.0 2 $130,000 $65,000
3007.0 1 $75,000 $75,000
3039.0 1 $65,000 $65,000
3075.04 1 $65,000 $65,000
3110.78 1 $75,000 $75,000
3115.68 1 $75,000 $75,000
3159.0 2 $150,000 $75,000
3232.0 1 $95,000 $95,000
3278.5 1 $75,000 $75,000
3279.0 1 $75,000 $75,000
3284.35 1 $75,000 $75,000
3292.2 1 $75,000 $75,000
3309.68 1 $75,000 $75,000
3324.0 1 $75,000 $75,000
3399.0 3 $255,000 $85,000
3429.0 1 $85,000 $85,000
3471.0 1 $85,000 $85,000
3471.91 1 $85,000 $85,000
3519.0 1 $75,000 $75,000
3550.0 1 $85,000 $85,000
3576.2 1 $85,000 $85,000
3583.53 1 $85,000 $85,000
3613.33 1 $85,000 $85,000
3618.84 1 $85,000 $85,000
3635.05 1 $85,000 $85,000
3639.0 1 $85,000 $85,000
3759.0 2 $180,000 $90,000
3804.0 1 $95,000 $95,000
3895.25 1 $95,000 $95,000
3898.27 1 $95,000 $95,000
3899.42 1 $95,000 $95,000
3921.35 1 $95,000 $95,000
3947.89 1 $95,000 $95,000
3999.0 1 $105,000 $105,000
4019.22 1 $105,000 $105,000
4039.0 1 $145,000 $145,000
4131.0 1 $105,000 $105,000
4149.0 1 $105,000 $105,000
4167.0 1 $105,000 $105,000
4175.97 1 $105,000 $105,000
4179.0 1 $105,000 $105,000
4212.0 1 $105,000 $105,000
4220.84 1 $105,000 $105,000
4239.0 1 $105,000 $105,000
4374.0 1 $115,000 $115,000
4449.0 1 $115,000 $115,000
4494.91 1 $115,000 $115,000
4599.0 2 $250,000 $125,000
4610.91 1 $125,000 $125,000
4669.27 1 $125,000 $125,000
4779.0 1 $125,000 $125,000
4928.25 1 $135,000 $135,000
4957.33 1 $135,000 $135,000
4959.0 1 $135,000 $135,000
4992.4 1 $135,000 $135,000
4999.82 1 $145,000 $145,000
5030.04 1 $135,000 $135,000
5031.0 1 $135,000 $135,000
5089.86 1 $135,000 $135,000
5102.03 1 $135,000 $135,000
5184.0 1 $135,000 $135,000
5199.0 2 $290,000 $145,000
5318.07 1 $145,000 $145,000
5319.0 1 $145,000 $145,000
5350.26 1 $145,000 $145,000
5391.91 1 $145,000 $145,000
5649.0 2 $310,000 $155,000
5695.18 1 $155,000 $155,000
5705.02 1 $155,000 $155,000
5709.0 1 $155,000 $155,000
5799.0 1 $165,000 $165,000
5919.0 1 $165,000 $165,000
5943.98 1 $165,000 $165,000
6030.33 1 $165,000 $165,000
6039.0 2 $330,000 $165,000
6046.8 1 $165,000 $165,000
6055.44 1 $165,000 $165,000
6099.0 1 $175,000 $175,000
6129.0 1 $175,000 $175,000
6159.0 1 $175,000 $175,000
6168.91 1 $175,000 $175,000
6249.0 1 $175,000 $175,000
6317.13 1 $175,000 $175,000
6401.7 1 $185,000 $185,000
6630.44 1 $185,000 $185,000
6759.0 1 $195,000 $195,000
6769.07 1 $195,000 $195,000
6807.0 1 $195,000 $195,000
6950.25 1 $195,000 $195,000
6987.09 1 $195,000 $195,000
6988.95 1 $195,000 $195,000
6999.0 2 $410,000 $205,000
7110.16 1 $205,000 $205,000
7348.5 1 $215,000 $215,000
7449.0 1 $215,000 $215,000
7479.0 1 $215,000 $215,000
7599.0 1 $225,000 $225,000
7695.0 1 $225,000 $225,000
7869.0 1 $225,000 $225,000
7896.0 1 $225,000 $225,000
8199.0 2 $490,000 $245,000
8319.0 1 $245,000 $245,000
8618.18 1 $255,000 $255,000
8769.0 1 $255,000 $255,000
8919.0 1 $265,000 $265,000
9072.0 1 $265,000 $265,000
9394.2 1 $275,000 $275,000
9612.0 1 $285,000 $285,000
999.0 8 $580,000 $72,500
NA 1,640 $363,290,000 $221,518

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,786 $382,730,000 $214,295

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 374 $65,220,000 $174,385 $2,923 3.37%
40-60% 314 $80,810,000 $257,357 $3,717 3.09%
60-80% 383 $129,325,000 $337,663 $4,707 3.39%
80-100% 229 $72,625,000 $317,140 $5,129 3.92%
Under 20% 486 $34,750,000 $71,502 $2,245 4.02%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Advantage Credit, Inc. Conventional home mortgage Trouble during payment process 1 100.0%