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, Mobile, and Tuscaloosa 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 above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
530Origination Dollar Volume (All Markets)
$97,990,000Top 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) | 227 | $39,915,000 | $175,837 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 134 | $33,150,000 | $247,388 | $0 | 0.00% |
| DOTHAN, AL (FHA|USDA|VA) | 84 | $10,010,000 | $119,167 | $0 | 0.00% |
| Outside of Metro Areas | 13 | $2,925,000 | $225,000 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 12 | $1,290,000 | $107,500 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 8 | $1,270,000 | $158,750 | $0 | 0.00% |
| Cullman, AL (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $0 | 0.00% |
| Albertville, AL (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $0 | 0.00% |
| Scottsboro, AL (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $0 | 0.00% |
| DECATUR, AL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $0 | 0.00% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $0 | 0.00% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 4 | $420,000 | $105,000 | $0 | 0.00% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $0 | 0.00% |
| Enterprise, AL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Ozark, AL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Troy, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| Jasper, AL (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $0 | 0.00% |
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 2018, Avadian's most frequently originated type of loan was Conventional, with 427 originations. Their 2nd most popular type was VA, with 49 originations.
Loan Reason
For 2018, Avadian's most frequently cited loan purpose was Home Purchase, with 339 originations. The 2nd most popular reason was Cash Out Refi, with 125 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 530 | $97,990,000 | $184,887 | $0 | 0.00% |
For 2018, Avadian's most frequently cited loan duration was Other, with 530 originations.
Loan Sizing
2018 saw Avadian place emphasis on $100k-200k loans with 234 originations, totaling $33,840,000 in origination value.
Applicant Income
Avadian lent most frequently to those with incomes in the $50k or less range, with 131 originations. The second most popular income band? $50k-75k, with 120 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 530 | $97,990,000 | $184,887 | $0 | 0.00% |
Avadian lent most frequently to those with DTI ratios of Exempt%, with 530 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.32%
Avadian has an average approval rate.
Pick Rate
Approvals leading to origination77.36%
Avadian has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 530 | $97,990,000 | $184,887 |