Advantis Mortgage Rates, Fees & Info

Milwaukie, OR

LEI: 254900MNIT450KPDA114

Tax ID: 93-0251640

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Mortgage Data

Review & Overview

Advantis is a smaller mortgage company specializing in Home Purchase loans. Advantis has a high proportion of conventional loans. Their top markets by origination volume include: Portland, San Jose, Salem, Bend, and Los Angeles among others. We have data for 50 markets. (Some data included below & more in-depth data is available with an active subscription.)

Advantis 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. Advantis 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) 6.32% 3/28/24
30 Year Conventional Purchase 6.23% 3/28/24
30 Year Conventional Refi 6.23% 3/28/24
30 Year Cash-out Refi 6.36% 3/28/24
30 Year FHA Purchase 6.27% 3/28/24
15 Year Conventional Purchase 6.05% 3/28/24
15 Year Conventional Refi 6.20% 3/28/24
15 Year Cash-out Refi 6.20% 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.

Advantis Mortgage Calculator






Your Estimates

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

This is not an official calculator from Advantis. 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

1,246

Origination Dollar Volume (All Markets)

$211,600,000

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
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1,015 $178,635,000 $175,995 $4,284 4.97%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 24 $5,270,000 $219,583 $0 6.19%
SALEM, OR (FHA|USDA|VA) 25 $3,085,000 $123,400 $4,029 5.82%
BEND, OR (FHA|USDA|VA) 10 $3,000,000 $300,000 $4,677 4.75%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 27 $2,585,000 $95,741 $0 6.23%
Outside of Metro Areas 7 $2,545,000 $363,571 $3,852 4.66%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 12 $1,840,000 $153,333 $4,215 5.69%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 15 $1,675,000 $111,667 $0 6.18%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 8 $1,260,000 $157,500 $0 6.44%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 11 $1,095,000 $99,545 $4,118 5.79%
Newport, OR (FHA|USDA|VA) 6 $870,000 $145,000 $3,721 5.59%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 12 $790,000 $65,833 $0 6.26%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 10 $760,000 $76,000 $0 6.29%
Astoria, OR (FHA|USDA|VA) 2 $700,000 $350,000 $5,470 3.94%
CORVALLIS, OR (FHA|USDA|VA) 4 $670,000 $167,500 $3,976 5.25%
NAPA, CA (FHA|USDA|VA) 3 $635,000 $211,667 $0 5.99%
Prineville, OR (FHA|USDA|VA) 2 $620,000 $310,000 $6,363 5.75%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $570,000 $285,000 $0 5.99%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $450,000 $225,000 $3,685 4.88%
GRANTS PASS, OR (FHA|USDA|VA) 2 $360,000 $180,000 $4,367 5.76%
Klamath Falls, OR (FHA|USDA|VA) 3 $315,000 $105,000 $3,052 4.68%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $310,000 $155,000 $0 7.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $305,000 $101,667 $0 6.24%
Centralia, WA (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.99%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $240,000 $120,000 $0 5.99%
Hermiston-Pendleton, OR (FHA|USDA|VA) 2 $240,000 $120,000 $2,982 6.26%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $205,000 $205,000 $2,390 4.75%
MODESTO, CA (FHA|USDA|VA) 2 $180,000 $90,000 $0 6.37%
Hood River, OR (FHA|USDA|VA) 3 $175,000 $58,333 $0 4.73%
Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $150,000 $75,000 $0 5.99%
Brookings, OR (FHA|USDA|VA) 2 $150,000 $75,000 $0 5.99%
SALINAS, CA (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.99%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $125,000 $41,667 $0 6.66%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.99%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $120,000 $60,000 $0 5.03%
Show Low, AZ (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.99%
LONGVIEW, WA (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.40%
STOCKTON, CA (FHA|USDA|VA) 2 $100,000 $50,000 $0 5.99%
MADERA, CA (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.99%
Moses Lake, WA (FHA|USDA|VA) 2 $90,000 $45,000 $0 6.25%
MERCED, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.75%
Coos Bay, OR (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.99%
LAS CRUCES, NM (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.99%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.99%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.99%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.99%
FRESNO, CA (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.99%
TUCSON, AZ (FHA|USDA|VA) 1 $25,000 $25,000 $0 7.00%
MEDFORD, OR (FHA|USDA|VA) 1 $15,000 $15,000 $0 4.90%
Advantis's top markets include Portland, San Jose, Salem, Bend, and Los Angeles among others.

Their top states include:
  • Oregon (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Similar Lenders

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

    SELCO COMMUNITY
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    CASTPARTS EMPLOYEES
    Similarity Rank: 900
    OREGON COMMUNITY
    Similarity Rank: 1083
    Clackamas Federal Credit Union
    Similarity Rank: 1298
    InRoads Federal Credit Union
    Similarity Rank: 1432
    COLUMBIA COMMUNITY CREDIT UNION
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    Mortgage Trust, Inc.
    Similarity Rank: 1778

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 634 $53,320,000 $84,101 n/a 5.26%
    Conventional 612 $158,280,000 $258,627 $4,269 5.02%

    For 2018, Advantis's most frequently originated type of loan was HELOC, with 634 originations. Their 2nd most popular type was Conventional, with 612 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 455 $111,015,000 $243,989 $4,623 5.23%
    Home Improvement 419 $36,745,000 $87,697 $2,772 5.15%
    Other 184 $13,350,000 $72,554 $0 5.47%
    Cash Out Refi 120 $30,740,000 $256,167 $3,844 4.47%
    Refi 68 $19,750,000 $290,441 $3,459 4.77%

    For 2018, Advantis's most frequently cited loan purpose was Home Purchase, with 455 originations. The 2nd most popular reason was Home Improvement, with 419 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,012 $170,810,000 $168,785 $4,399 5.02%
    20 Year 169 $23,665,000 $140,030 $4,082 5.95%
    15 Year 55 $8,645,000 $157,182 $3,226 4.76%
    10 Year 6 $1,680,000 $280,000 $2,053 4.85%
    Other 4 $6,800,000 $1,700,000 $0 6.58%

    For 2018, Advantis's most frequently cited loan duration was 30 Year, with 1,012 originations. The 2nd most popular length was 20 Year, with 169 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 239 $74,975,000 $313,703
    $<1k 122 $22,210,000 $182,049
    $2k-3k 55 $23,505,000 $427,364
    $3k-4k 16 $6,470,000 $404,375
    $5k+ 7 $2,715,000 $387,857
    $4k-5k 5 $1,995,000 $399,000

    Advantis's average total fees were $4,399, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 239 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 652 $124,820,000 $191,442
    5-6% 387 $52,565,000 $135,827
    6-7% 106 $9,340,000 $88,113
    3-4% 64 $15,520,000 $242,500
    7-8% 32 $2,270,000 $70,938
    Over 8% 3 $105,000 $35,000

    During 2018, Advantis's average interest rate for loans was 5.02%, while their most frequently originated rate bucket for loans was 4-5%, with 652 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 542 $28,960,000 $53,432 $2,321 5.43%
    $200k-400k 347 $98,815,000 $284,769 $4,277 4.80%
    $100k-200k 273 $36,865,000 $135,037 $3,000 5.14%
    $400k-600k 74 $33,320,000 $450,270 $5,598 4.65%
    $600k-1MM 8 $5,810,000 $726,250 $7,077 4.95%
    $1MM+ 2 $7,830,000 $3,915,000 $0 4.75%

    2018 saw Advantis place emphasis on $100,000 or less loans with 542 originations, totaling $28,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 368 $63,800,000 $173,370 $4,433 5.10%
    $75k-100k 260 $42,300,000 $162,692 $4,381 5.07%
    $50k-75k 247 $31,005,000 $125,526 $3,570 5.20%
    $150k-250k 193 $41,425,000 $214,637 $4,928 5.22%
    $50k or less 128 $12,280,000 $95,938 $2,990 5.20%
    $250k+ 38 $10,200,000 $268,421 $5,548 5.12%

    Advantis lent most frequently to those with incomes in the $100k-150k range, with 368 originations. The second most popular income band? $75k-100k, with 260 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 287 $46,505,000 $162,038 $4,193 4.96%
    30-36% 283 $48,195,000 $170,300 $4,271 5.22%
    <20% 87 $12,855,000 $147,759 $3,786 4.78%
    38% 64 $9,460,000 $147,813 $4,269 5.42%
    44% 59 $9,405,000 $159,407 $3,940 5.14%
    42% 58 $10,760,000 $185,517 $4,731 5.37%
    43% 48 $8,320,000 $173,333 $4,637 5.53%
    41% 44 $5,370,000 $122,045 $4,335 5.52%
    39% 43 $6,505,000 $151,279 $4,435 5.70%
    45% 42 $7,000,000 $166,667 $4,553 4.89%
    37% 41 $7,745,000 $188,902 $4,351 5.29%
    49% 37 $5,755,000 $155,541 $4,088 4.76%
    40% 33 $5,775,000 $175,000 $4,404 5.35%
    36% 31 $4,675,000 $150,806 $4,743 5.45%
    46% 25 $4,305,000 $172,200 $3,969 4.94%
    48% 22 $4,290,000 $195,000 $6,124 4.85%
    47% 20 $3,460,000 $173,000 $4,146 4.75%
    50-60% 14 $2,020,000 $144,286 $3,610 4.74%

    Advantis lent most frequently to those with DTI ratios of 20-30%, with 287 originations. The next most common DTI ratio? 30-36%, with 283 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 910 $154,500,000 $169,780 $4,300 5.13%
    Not provided 256 $35,840,000 $140,000 $4,157 5.14%
    Asian 40 $7,920,000 $198,000 $5,075 5.33%
    Not applicable 2 $7,830,000 $3,915,000 $0 4.75%
    Black 13 $2,065,000 $158,846 $3,166 5.29%
    American Indian 12 $1,510,000 $125,833 $4,268 5.45%
    Asian Indian 4 $770,000 $192,500 $3,593 4.23%
    Native Hawaiian or Islander 4 $420,000 $105,000 $0 5.17%
    Chinese 2 $370,000 $185,000 $0 5.15%
    Filipino 2 $220,000 $110,000 $2,324 5.51%
    Other Pacific Islander 1 $155,000 $155,000 $3,234 4.25%

    Approval Rates

    Total approvals of all applications
    92.59%

    Advantis has an average approval rate.

    Pick Rate

    Approvals leading to origination
    50.64%

    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
    1185.0 1 $25,000 $25,000
    1205.0 1 $25,000 $25,000
    1310.0 1 $25,000 $25,000
    1314.0 1 $35,000 $35,000
    1319.0 1 $25,000 $25,000
    1386.0 1 $25,000 $25,000
    1405.0 1 $35,000 $35,000
    1413.0 1 $35,000 $35,000
    1451.0 1 $35,000 $35,000
    1485.2 1 $35,000 $35,000
    1486.91 1 $35,000 $35,000
    1531.0 1 $35,000 $35,000
    1563.0 1 $35,000 $35,000
    1576.91 1 $35,000 $35,000
    1679.0 1 $45,000 $45,000
    1692.86 1 $45,000 $45,000
    1753.0 1 $45,000 $45,000
    1759.0 1 $45,000 $45,000
    1765.73 1 $45,000 $45,000
    1856.0 1 $45,000 $45,000
    1888.0 1 $45,000 $45,000
    1889.0 1 $55,000 $55,000
    1900.0 1 $45,000 $45,000
    1902.0 1 $45,000 $45,000
    1965.0 1 $45,000 $45,000
    1995.0 1 $45,000 $45,000
    1999.0 1 $45,000 $45,000
    2026.28 1 $65,000 $65,000
    2048.0 1 $45,000 $45,000
    2078.0 1 $45,000 $45,000
    2090.5 1 $65,000 $65,000
    2099.0 1 $45,000 $45,000
    2104.0 1 $65,000 $65,000
    2149.09 1 $65,000 $65,000
    2175.0 1 $45,000 $45,000
    2237.72 1 $55,000 $55,000
    2248.0 1 $75,000 $75,000
    2250.0 1 $45,000 $45,000
    2254.44 1 $75,000 $75,000
    2333.15 1 $75,000 $75,000
    2355.0 1 $55,000 $55,000
    2438.98 1 $55,000 $55,000
    2453.19 1 $85,000 $85,000
    2580.0 1 $55,000 $55,000
    2597.0 1 $75,000 $75,000
    2598.0 1 $55,000 $55,000
    2620.0 1 $55,000 $55,000
    2643.57 1 $95,000 $95,000
    2655.0 1 $55,000 $55,000
    2658.73 1 $95,000 $95,000
    2660.0 1 $55,000 $55,000
    2662.83 1 $95,000 $95,000
    2671.0 1 $55,000 $55,000
    2680.0 1 $55,000 $55,000
    2691.99 1 $95,000 $95,000
    2739.36 1 $95,000 $95,000
    2779.0 1 $65,000 $65,000
    2798.0 2 $160,000 $80,000
    2799.0 2 $210,000 $105,000
    2823.0 2 $190,000 $95,000
    2824.0 1 $105,000 $105,000
    2839.0 1 $105,000 $105,000
    2899.0 1 $65,000 $65,000
    2927.3 1 $105,000 $105,000
    2973.0 1 $65,000 $65,000
    3019.44 1 $95,000 $95,000
    3020.0 1 $65,000 $65,000
    3087.0 1 $75,000 $75,000
    3100.0 1 $65,000 $65,000
    3106.0 1 $75,000 $75,000
    3147.0 1 $95,000 $95,000
    3149.0 1 $75,000 $75,000
    3154.0 1 $115,000 $115,000
    3155.0 7 $585,000 $83,571
    3196.0 1 $115,000 $115,000
    3207.58 1 $125,000 $125,000
    3211.0 1 $125,000 $125,000
    3295.0 1 $125,000 $125,000
    3359.0 1 $125,000 $125,000
    3409.0 1 $135,000 $135,000
    3447.26 1 $135,000 $135,000
    3499.0 1 $135,000 $135,000
    3535.0 1 $135,000 $135,000
    3559.0 1 $135,000 $135,000
    3583.0 1 $135,000 $135,000
    3599.0 1 $125,000 $125,000
    3604.9 1 $145,000 $145,000
    3616.1 1 $145,000 $145,000
    3619.84 1 $145,000 $145,000
    3659.0 1 $145,000 $145,000
    3661.0 1 $145,000 $145,000
    3690.21 1 $145,000 $145,000
    3732.0 1 $125,000 $125,000
    3847.31 1 $135,000 $135,000
    3850.0 1 $135,000 $135,000
    3965.52 1 $155,000 $155,000
    3999.0 2 $330,000 $165,000
    4030.0 1 $165,000 $165,000
    4066.35 1 $145,000 $145,000
    4129.0 1 $165,000 $165,000
    4199.0 1 $145,000 $145,000
    4219.0 1 $175,000 $175,000
    4368.54 1 $175,000 $175,000
    4469.46 1 $185,000 $185,000
    4599.64 1 $115,000 $115,000
    4600.0 1 $165,000 $165,000
    4630.0 1 $165,000 $165,000
    4639.0 1 $195,000 $195,000
    4676.35 1 $195,000 $195,000
    4879.0 1 $205,000 $205,000
    4959.0 1 $205,000 $205,000
    5119.0 1 $215,000 $215,000
    5183.0 2 $430,000 $215,000
    5259.0 1 $225,000 $225,000
    5335.0 1 $225,000 $225,000
    5799.0 1 $255,000 $255,000
    5839.0 1 $255,000 $255,000
    5965.0 1 $255,000 $255,000
    5999.0 1 $265,000 $265,000
    6023.2 1 $265,000 $265,000
    6031.0 1 $265,000 $265,000
    6149.0 1 $215,000 $215,000
    6224.92 1 $275,000 $275,000
    6239.0 1 $275,000 $275,000
    6289.0 1 $275,000 $275,000
    6419.0 1 $285,000 $285,000
    6543.0 1 $285,000 $285,000
    6703.0 1 $295,000 $295,000
    6833.08 1 $305,000 $305,000
    7189.0 1 $315,000 $315,000
    7279.0 1 $325,000 $325,000
    799.0 22 $1,830,000 $83,182
    828.03 1 $25,000 $25,000
    NA 1,081 $193,295,000 $178,811

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $1,125,000 $1,125,000
    Multifamily:Site-Built 2 $6,980,000 $3,490,000
    Single Family (1-4 Units):Manufactured 169 $18,965,000 $112,219
    Single Family (1-4 Units):Site-Built 1,074 $184,530,000 $171,816

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 205 $26,365,000 $128,610 $2,875 5.10%
    40-60% 111 $23,025,000 $207,432 $3,664 4.82%
    60-80% 233 $61,415,000 $263,584 $4,634 4.99%
    80-100% 249 $68,525,000 $275,201 $4,596 5.28%
    Under 20% 441 $24,785,000 $56,202 $2,273 5.24%