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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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 Home Purchase and Cash Out Refi loans. Aventa Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Colorado Springs, Pueblo, Boulder, and Greeley among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Aventa Credit Union has an 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 an average 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

    99

    Origination Dollar Volume (All Markets)

    $19,575,000

    Awards

    AVENTA Credit Union 30 Year Conventional Loans silver AVENTA Credit Union 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
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 33 $7,665,000 $232,273 $3,638 5.55%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 33 $5,625,000 $170,455 $3,275 5.28%
    Outside of Metro Areas 16 $2,950,000 $184,375 $3,312 5.93%
    PUEBLO, CO (FHA|USDA|VA) 10 $1,410,000 $141,000 $2,978 5.18%
    BOULDER, CO (FHA|USDA|VA) 3 $1,075,000 $358,333 $4,905 4.75%
    GREELEY, CO (FHA|USDA|VA) 2 $460,000 $230,000 $3,178 4.88%
    Cañon City, CO (FHA|USDA|VA) 2 $390,000 $195,000 $3,529 5.06%
    Aventa Credit Union's top markets include Denver, Colorado Springs, Pueblo, Boulder, and Greeley among others.

    Their top states include:
  • Colorado (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.

    Red Rocks Credit Union
    Similarity Rank: 384
    Credit Union of Denver
    Similarity Rank: 450
    DENVER COMMUNITY
    Similarity Rank: 651
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 714
    BLUE BRICK FINANCIAL LLC
    Similarity Rank: 1020
    ON TAP
    Similarity Rank: 1056
    ROCKY MOUNTAIN LAW ENFORCEMENT FCU
    Similarity Rank: 1624
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 1755
    PARTNER COLORADO
    Similarity Rank: 2004
    DHA FINANCIAL, LLC
    Similarity Rank: 2052

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 82 $18,750,000 $228,659 $3,459 5.21%
    HELOC 17 $825,000 $48,529 n/a 6.50%

    For 2022, Aventa Credit Union's most frequently originated type of loan was Conventional, with 82 originations. Their 2nd most popular type was HELOC, with 17 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 53 $12,815,000 $241,792 $3,619 5.58%
    Cash Out Refi 36 $6,210,000 $172,500 $3,402 4.94%
    Other 5 $315,000 $63,000 $365 5.48%
    Refi 5 $235,000 $47,000 $802 7.48%

    For 2022, Aventa Credit Union's most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Cash Out Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 48 $16,270,000 $338,958 $5,153 4.56%
    20 Year 30 $2,210,000 $73,667 $1,126 6.30%
    Other 17 $825,000 $48,529 $0 6.50%
    15 Year 3 $215,000 $71,667 $2,007 4.94%
    10 Year 1 $55,000 $55,000 $1,597 4.90%

    For 2022, Aventa Credit Union's most frequently cited loan duration was 30 Year, with 48 originations. The 2nd most popular length was 20 Year, with 30 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 34 $2,320,000 $68,235
    $3k-4k 13 $4,845,000 $372,692
    $1k-2k 11 $2,275,000 $206,818
    $4k-5k 10 $4,320,000 $432,000
    $2k-3k 8 $1,820,000 $227,500
    $5k+ 2 $1,210,000 $605,000

    Aventa Credit Union's average total fees were $5,153, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 34 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 24 $3,940,000 $164,167
    6-7% 20 $2,000,000 $100,000
    3-4% 19 $5,655,000 $297,632
    4-5% 17 $4,725,000 $277,941
    7-8% 13 $1,085,000 $83,462
    2.5-3% 5 $2,135,000 $427,000
    Over 8% 1 $35,000 $35,000

    During 2022, Aventa Credit Union's average interest rate for loans was 4.56%, while their most frequently originated rate bucket for loans was 5-6%, with 24 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 49 $2,865,000 $58,469 $977 6.28%
    $200k-400k 26 $8,270,000 $318,077 $5,199 4.58%
    $400k-600k 11 $4,915,000 $446,818 $7,137 4.64%
    $100k-200k 10 $1,580,000 $158,000 $2,930 4.94%
    $600k-1MM 3 $1,945,000 $648,333 $4,723 3.67%

    2022 saw Aventa Credit Union place emphasis on $100,000 or less loans with 49 originations, totaling $2,865,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 32 $6,390,000 $199,688 $3,358 5.54%
    $100k-150k 27 $5,415,000 $200,556 $3,910 5.57%
    $50k-75k 20 $2,900,000 $145,000 $3,017 5.62%
    $150k-250k 11 $3,655,000 $332,273 $4,215 4.98%
    $50k or less 8 $770,000 $96,250 $2,199 4.94%
    $250k+ 1 $445,000 $445,000 $8,696 3.88%

    Aventa Credit Union lent most frequently to those with incomes in the $75k-100k range, with 32 originations. The second most popular income band? $100k-150k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 19 $4,005,000 $210,789 $3,062 4.74%
    30-36% 15 $2,995,000 $199,667 $3,026 5.36%
    44% 9 $2,395,000 $266,111 $4,709 5.10%
    42% 7 $1,695,000 $242,143 $3,657 5.05%
    43% 7 $1,115,000 $159,286 $2,745 6.20%
    41% 7 $1,885,000 $269,286 $5,415 5.57%
    40% 5 $1,325,000 $265,000 $4,771 5.62%
    <20% 4 $390,000 $97,500 $1,432 6.03%
    37% 4 $410,000 $102,500 $2,067 6.22%
    39% 4 $640,000 $160,000 $4,543 6.19%
    46% 4 $520,000 $130,000 $3,198 6.00%
    45% 3 $435,000 $145,000 $4,137 5.29%
    36% 3 $565,000 $188,333 $3,346 5.67%
    38% 2 $450,000 $225,000 $3,759 5.63%
    >60% 2 $90,000 $45,000 $1,893 6.06%
    49% 2 $260,000 $130,000 $3,057 6.31%
    48% 1 $325,000 $325,000 $5,386 4.13%
    50-60% 1 $75,000 $75,000 $433 5.25%

    Aventa Credit Union lent most frequently to those with DTI ratios of 20-30%, with 19 originations. The next most common DTI ratio? 30-36%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 54 $12,470,000 $230,926 $3,545 5.46%
    White 38 $5,460,000 $143,684 $3,142 5.47%
    American Indian 5 $1,165,000 $233,000 $3,853 5.08%
    Other Pacific Islander 1 $295,000 $295,000 $4,966 4.63%
    Black 1 $185,000 $185,000 $2,997 5.25%

    Approval Rates

    Total approvals of all applications
    82.12%

    Aventa Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    74.75%

    Aventa Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 99 $19,575,000 $197,727

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    99 $19,575,000 $197,727

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $1,260,000 $105,000 $2,603 5.28%
    40-60% 9 $1,655,000 $183,889 $3,159 4.61%
    60-80% 19 $6,595,000 $347,105 $5,779 4.60%
    80-100% 19 $7,815,000 $411,316 $5,638 4.84%
    Under 20% 39 $2,225,000 $57,051 $734 6.36%