Aventa Credit Union Mortgage Rates, Fees & Info

Colorado Springs, CO

LEI: 5493000GJZZTT2UPGG82

Tax ID: 84-0485197

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

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  • 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

    Aventa Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Aventa Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Colorado Springs, Pueblo, Denver, and Cañon City among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Aventa Credit Union 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. Aventa Credit Union 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.77% 12/16/24
    30 Year Conventional Purchase 6.44% 12/16/24
    30 Year Conventional Refi 6.27% 12/16/24
    30 Year Cash-out Refi 5.76% 12/16/24
    15 Year Conventional Purchase 5.68% 12/16/24
    15 Year Conventional Refi 5.68% 12/16/24
    15 Year Cash-out Refi 5.68% 12/16/24
    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.

    Aventa Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Aventa Credit Union. 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

    121

    Origination Dollar Volume (All Markets)

    $22,625,000

    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
    COLORADO SPRINGS, CO (FHA|USDA|VA) 67 $14,235,000 $212,463 $3,020 3.53%
    PUEBLO, CO (FHA|USDA|VA) 21 $3,145,000 $149,762 $2,835 3.71%
    Outside of Metro Areas 20 $2,710,000 $135,500 $3,242 3.60%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 11 $2,145,000 $195,000 $2,776 3.92%
    Cañon City, CO (FHA|USDA|VA) 2 $390,000 $195,000 $3,616 3.25%
    Aventa Credit Union's top markets include Colorado Springs, Pueblo, Denver, and Cañon City among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)
  • (FHA|USDA|VA)

    • Similar Lenders

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

    The District Federal Credit Union
    Similarity Rank: 441
    DENVER COMMUNITY
    Similarity Rank: 732
    United Fidelity Bank, fsb
    Similarity Rank: 792
    AVENTA Credit Union
    Similarity Rank: 915
    LANDED HOME LOANS LLC
    Similarity Rank: 1040
    BLUE BRICK FINANCIAL LLC
    Similarity Rank: 1175
    FOOTHILLS
    Similarity Rank: 1336
    WHITE CROWN FEDERAL CREDIT UNION
    Similarity Rank: 2260
    DHA FINANCIAL, LLC
    Similarity Rank: 2616
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 2808

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 110 $21,820,000 $198,364 $3,009 3.57%
    HELOC 11 $805,000 $73,182 n/a 3.98%

    For 2020, Aventa Credit Union's most frequently originated type of loan was Conventional, with 110 originations. Their 2nd most popular type was HELOC, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 82 $14,150,000 $172,561 $3,038 3.67%
    Refi 23 $5,285,000 $229,783 $2,883 3.29%
    Home Purchase 16 $3,190,000 $199,375 $3,065 3.69%

    For 2020, Aventa Credit Union's most frequently cited loan purpose was Cash Out Refi, with 82 originations. The 2nd most popular reason was Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 70 $12,500,000 $178,571 $2,879 3.66%
    20 Year 23 $4,535,000 $197,174 $3,477 3.66%
    Other 13 $3,525,000 $271,154 $3,532 3.24%
    15 Year 12 $1,610,000 $134,167 $2,490 3.74%
    10 Year 2 $370,000 $185,000 $2,619 3.00%
    5 Year 1 $85,000 $85,000 $1,083 3.00%

    For 2020, Aventa Credit Union's most frequently cited loan duration was 30 Year, with 70 originations. The 2nd most popular length was 20 Year, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 32 $3,600,000 $112,500
    $2k-3k 17 $4,125,000 $242,647
    $1k-2k 8 $1,160,000 $145,000
    $3k-4k 3 $1,025,000 $341,667
    $4k-5k 3 $1,215,000 $405,000

    Aventa Credit Union's average total fees were $2,879, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 32 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 67 $13,065,000 $195,000
    2.5-3% 31 $7,225,000 $233,065
    4-5% 22 $2,140,000 $97,273
    5-6% 1 $195,000 $195,000

    During 2020, Aventa Credit Union's average interest rate for loans was 3.66%, while their most frequently originated rate bucket for loans was 3-4%, with 67 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 48 $13,260,000 $276,250 $3,649 3.38%
    $100,000 or less 40 $2,380,000 $59,500 $1,799 3.87%
    $100k-200k 27 $4,055,000 $150,185 $3,045 3.66%
    $400k-600k 6 $2,930,000 $488,333 $4,306 3.38%

    2020 saw Aventa Credit Union place emphasis on $200k-400k loans with 48 originations, totaling $13,260,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 32 $4,310,000 $134,688 $2,616 3.65%
    $100k-150k 30 $6,320,000 $210,667 $2,871 3.57%
    $50k-75k 24 $4,000,000 $166,667 $3,243 3.68%
    $150k-250k 17 $3,905,000 $229,706 $3,209 3.71%
    $75k-100k 16 $3,520,000 $220,000 $3,535 3.35%
    $250k+ 2 $570,000 $285,000 $2,284 3.69%

    Aventa Credit Union lent most frequently to those with incomes in the $50k or less range, with 32 originations. The second most popular income band? $100k-150k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 35 $6,445,000 $184,143 $3,142 3.59%
    <20% 23 $3,775,000 $164,130 $2,816 3.44%
    30-36% 19 $3,675,000 $193,421 $3,026 3.55%
    39% 6 $1,330,000 $221,667 $3,010 3.71%
    41% 5 $1,005,000 $201,000 $3,643 3.98%
    40% 5 $755,000 $151,000 $2,424 3.68%
    36% 4 $330,000 $82,500 $1,234 3.86%
    37% 4 $780,000 $195,000 $4,300 3.78%
    38% 3 $485,000 $161,667 $3,156 3.75%
    43% 3 $465,000 $155,000 $2,915 4.13%
    45% 3 $385,000 $128,333 $2,682 3.54%
    >60% 2 $650,000 $325,000 $1,483 4.00%
    48% 2 $500,000 $250,000 $4,784 2.98%
    42% 2 $600,000 $300,000 $4,929 4.25%
    50-60% 2 $330,000 $165,000 $2,682 3.25%
    47% 1 $365,000 $365,000 $3,789 3.50%
    49% 1 $385,000 $385,000 $1,449 3.00%

    Aventa Credit Union lent most frequently to those with DTI ratios of 20-30%, with 35 originations. The next most common DTI ratio? <20%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 96 $18,470,000 $192,396 $3,091 3.59%
    Not provided 14 $2,420,000 $172,857 $2,780 3.60%
    Not applicable 3 $1,015,000 $338,333 $1,483 3.67%
    Black 6 $580,000 $96,667 $2,753 3.71%
    Native Hawaiian or Islander 1 $85,000 $85,000 $0 4.25%
    Asian 1 $55,000 $55,000 $0 3.75%

    Approval Rates

    Total approvals of all applications
    90.00%

    Aventa Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.82%

    Aventa Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 121 $22,625,000 $186,983

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $560,000 $140,000
    Single Family (1-4 Units):Site-Built 117 $22,065,000 $188,590

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $3,250,000 $125,000 $2,829 3.75%
    40-60% 23 $4,405,000 $191,522 $3,153 3.42%
    60-80% 17 $3,815,000 $224,412 $3,562 3.61%
    80-100% 9 $2,485,000 $276,111 $2,969 3.90%
    Over 100% 18 $6,320,000 $351,111 $3,759 3.21%
    Under 20% 23 $1,305,000 $56,739 $1,800 3.87%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Avantus, LLC FHA mortgage Incorrect information on your report 1 100.0%