Avadian Mortgage Rates, Fees & Info
Hoover, ALLEI: 549300FGGERPRKXH7V65
Tax ID: 63-0207315
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Mortgage Data
Review & Overview
Avadian is a smaller mortgage company specializing in Home Purchase loans. Avadian has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Birmingham, Huntsville, Dothan, Daphne, and Mobile among others. We have data for 30 markets. (Some data included below & more in-depth data is available with an active subscription.)Avadian has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Avadian 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.
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) | 1.16% | 12/16/24 |
| 30 Year Conventional Purchase | 5.49% | 12/16/24 |
| 30 Year Conventional Refi | 6.18% | 12/16/24 |
| 30 Year Cash-out Refi | 6.27% | 12/16/24 |
| 30 Year FHA Purchase | 6.27% | 12/16/24 |
| 30 Year VA Purchase | 6.25% | 12/16/24 |
| 30 Year VA Refi | 6.27% | 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. | ||
Avadian Mortgage Calculator
Your Estimates
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This is not an official calculator from Avadian. 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
1,059Origination Dollar Volume (All Markets)
$163,195,000Awards
AVADIAN - 2023
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For 2023, less than of lenders were eligible for this award.
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Relative Rate
Avadian's average 30 year fixed mortgage rate was
4.6%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -1.88%.
Relative Fees (Closing Costs)
Avadian's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,469.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 707 | $92,915,000 | $131,421 | $4,919 | 4.36% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 149 | $43,535,000 | $292,181 | $8,179 | 5.77% |
| DOTHAN, AL (FHA|USDA|VA) | 71 | $6,265,000 | $88,239 | $3,709 | 5.60% |
| Outside of Metro Areas | 18 | $2,830,000 | $157,222 | $8,407 | 4.81% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 11 | $2,625,000 | $238,636 | $4,329 | 6.31% |
| MOBILE, AL (FHA|USDA|VA) | 21 | $2,435,000 | $115,952 | $5,521 | 4.83% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 4 | $1,550,000 | $387,500 | $6,892 | 6.84% |
| DECATUR, AL (FHA|USDA|VA) | 11 | $1,255,000 | $114,091 | $3,318 | 5.34% |
| Ozark, AL (FHA|USDA|VA) | 9 | $1,185,000 | $131,667 | $3,228 | 4.69% |
| MONTGOMERY, AL (FHA|USDA|VA) | 11 | $1,085,000 | $98,636 | $2,750 | 3.12% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 10 | $1,000,000 | $100,000 | $9,377 | 4.50% |
| Scottsboro, AL (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $2,022 | 5.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $3,620 | 4.81% |
| Troy, AL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $6,856 | 7.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $2,227 | 7.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $5,409 | 6.56% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $9,163 | 7.00% |
| Enterprise, AL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 3.87% |
| Jasper, AL (FHA|USDA|VA) | 5 | $405,000 | $81,000 | $3,279 | 5.04% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $6,478 | 3.77% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $14,478 | 6.38% |
| Cullman, AL (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $0 | 3.49% |
| Albertville, AL (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $0 | 5.74% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,490 | 6.25% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,162 | 7.75% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 1.99% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,817 | 5.25% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.99% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.99% |
| Eufaula, AL-GA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 2.99% |
Similar Lenders
We use machine learning to identify the top lenders compared against AVADIAN based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2023, Avadian's most frequently originated type of loan was HELOC, with 729 originations. Their 2nd most popular type was Conventional, with 302 originations.
Loan Reason
For 2023, Avadian's most frequently cited loan purpose was Other, with 357 originations. The 2nd most popular reason was Home Improvement, with 308 originations.
Loan Duration/Length
For 2023, Avadian's most frequently cited loan duration was 30 Year, with 1,009 originations. The 2nd most popular length was Other, with 21 originations.
Origination Fees/Closing Costs
Avadian's average total fees were $6,469, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 112 originations.
Interest Rates
During 2023, Avadian's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was <2.5%, with 370 originations.
Loan Sizing
2023 saw Avadian place emphasis on $100,000 or less loans with 609 originations, totaling $31,515,000 in origination value.
Applicant Income
Avadian lent most frequently to those with incomes in the $100k-150k range, with 281 originations. The second most popular income band? $150k-250k, with 247 originations.
Applicant Debt to Income Ratio
Avadian lent most frequently to those with DTI ratios of 20-30%, with 269 originations. The next most common DTI ratio? <20%, with 254 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.21%
Avadian has an average approval rate.
Pick Rate
Approvals leading to origination91.03%
Avadian has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,059 | $163,195,000 | $154,103 |