Avadian Mortgage Rates, Fees & Info

Hoover, AL

LEI: 549300FGGERPRKXH7V65

Tax ID: 63-0207315

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
  • 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

    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, Decatur, 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 above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Avadian 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) 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

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

    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

    688

    Origination Dollar Volume (All Markets)

    $139,450,000
    Show all (7) 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
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 314 $61,020,000 $194,331 $3,215 4.17%
    HUNTSVILLE, AL (FHA|USDA|VA) 181 $45,675,000 $252,348 $4,578 3.87%
    DOTHAN, AL (FHA|USDA|VA) 86 $11,850,000 $137,791 $3,091 4.22%
    DECATUR, AL (FHA|USDA|VA) 19 $3,565,000 $187,632 $4,250 4.14%
    MOBILE, AL (FHA|USDA|VA) 10 $1,680,000 $168,000 $2,925 4.14%
    Outside of Metro Areas 7 $1,355,000 $193,571 $4,694 4.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 5 $1,165,000 $233,000 $2,666 3.93%
    Scottsboro, AL (FHA|USDA|VA) 4 $1,010,000 $252,500 $5,621 3.91%
    PANAMA CITY, FL (FHA|USDA|VA) 5 $985,000 $197,000 $3,458 4.38%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 5 $965,000 $193,000 $2,628 3.30%
    TUSCALOOSA, AL (FHA|USDA|VA) 4 $960,000 $240,000 $4,605 3.72%
    Jasper, AL (FHA|USDA|VA) 5 $925,000 $185,000 $3,087 4.08%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $905,000 $301,667 $5,839 4.38%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $855,000 $285,000 $5,058 3.96%
    Ozark, AL (FHA|USDA|VA) 7 $785,000 $112,143 $3,263 4.38%
    Alexander City, AL (FHA|USDA|VA) 3 $745,000 $248,333 $2,824 4.08%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $655,000 $218,333 $4,322 3.79%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 3 $595,000 $198,333 $4,151 3.96%
    Albertville, AL (FHA|USDA|VA) 4 $580,000 $145,000 $4,374 4.44%
    Enterprise, AL (FHA|USDA|VA) 4 $560,000 $140,000 $2,932 4.22%
    Cullman, AL (FHA|USDA|VA) 2 $500,000 $250,000 $3,883 3.88%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $335,000 $335,000 $3,454 4.38%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $310,000 $155,000 $3,249 4.81%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $305,000 $305,000 $7,041 3.75%
    SAVANNAH, GA (FHA|USDA|VA) 1 $275,000 $275,000 $4,204 3.38%
    GADSDEN, AL (FHA|USDA|VA) 1 $275,000 $275,000 $3,069 4.38%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 2 $240,000 $120,000 $2,216 4.94%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $205,000 $205,000 $4,409 3.88%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $105,000 $105,000 $2,817 4.63%
    Atmore, AL (FHA|USDA|VA) 1 $65,000 $65,000 $2,341 4.13%
    Avadian's top markets include Birmingham, Huntsville, Dothan, Decatur, and Mobile among others.

    Their top states include:
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)

    • 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.

    AMERICA'S FIRST
    Similarity Rank: 80
    Alabama One Credit Union
    Similarity Rank: 247
    Troy Bank and Trust Company
    Similarity Rank: 437
    ALABAMA CREDIT UNION
    Similarity Rank: 468
    Liberty Mortgage Corporation
    Similarity Rank: 748
    Eco Credit Union
    Similarity Rank: 805
    SmartBank
    Similarity Rank: 1036
    DSLD MORTGAGE, LLC
    Similarity Rank: 1960
    APCO EMPLOYEES
    Similarity Rank: 2184
    Total Media Management, LLC
    Similarity Rank: 2323

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 576 $115,290,000 $200,156 $3,246 4.15%
    VA 57 $16,185,000 $283,947 $6,649 3.62%
    FHA 38 $5,510,000 $145,000 $5,322 3.83%
    USDA 15 $2,005,000 $133,667 $4,188 4.08%
    HELOC 1 $245,000 $245,000 n/a 3.38%
    Reverse Mortgage 1 $215,000 $215,000 $0 3.50%

    For 2019, Avadian's most frequently originated type of loan was Conventional, with 576 originations. Their 2nd most popular type was VA, with 57 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 424 $92,410,000 $217,948 $4,054 4.01%
    Cash Out Refi 164 $25,890,000 $157,866 $2,912 4.40%
    Refi 94 $20,920,000 $222,553 $3,338 3.78%
    Other 6 $230,000 $38,333 $1,118 5.71%

    For 2019, Avadian's most frequently cited loan purpose was Home Purchase, with 424 originations. The 2nd most popular reason was Cash Out Refi, with 164 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 519 $111,935,000 $215,674 $3,852 4.02%
    15 Year 96 $16,410,000 $170,938 $3,153 3.71%
    Other 18 $1,890,000 $105,000 $2,519 5.47%
    5 Year 16 $760,000 $47,500 $963 5.43%
    20 Year 15 $3,135,000 $209,000 $3,329 3.99%
    10 Year 12 $1,200,000 $100,000 $1,547 5.67%
    30+ year 11 $4,085,000 $371,364 $7,802 4.36%
    3 Year 1 $35,000 $35,000 $131 5.00%

    For 2019, Avadian's most frequently cited loan duration was 30 Year, with 519 originations. The 2nd most popular length was 15 Year, with 96 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 310 $60,620,000 $195,548
    $1k-2k 151 $23,745,000 $157,252
    $2k-3k 90 $20,120,000 $223,556
    $3k-4k 42 $13,570,000 $323,095
    $4k-5k 15 $5,935,000 $395,667
    $5k+ 14 $6,640,000 $474,286

    Avadian's average total fees were $3,852, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 310 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 370 $81,500,000 $220,270
    4-5% 246 $47,090,000 $191,423
    5-6% 39 $4,855,000 $124,487
    2.5-3% 20 $5,630,000 $281,500
    6-7% 10 $280,000 $28,000
    7-8% 2 $50,000 $25,000
    Over 8% 1 $45,000 $45,000

    During 2019, Avadian's average interest rate for loans was 4.02%, while their most frequently originated rate bucket for loans was 3-4%, with 370 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 261 $39,315,000 $150,632 $3,367 4.04%
    $200k-400k 257 $71,095,000 $276,634 $4,260 3.88%
    $100,000 or less 126 $7,980,000 $63,333 $2,063 4.66%
    $400k-600k 41 $18,965,000 $462,561 $6,495 3.89%
    $600k-1MM 3 $2,095,000 $698,333 $6,559 4.17%

    2019 saw Avadian place emphasis on $100k-200k loans with 261 originations, totaling $39,315,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 162 $27,140,000 $167,531 $3,371 4.05%
    $100k-150k 152 $35,570,000 $234,013 $3,682 4.11%
    $50k or less 143 $17,335,000 $121,224 $3,173 4.07%
    $75k-100k 120 $24,820,000 $206,833 $3,981 4.11%
    $150k-250k 93 $28,985,000 $311,667 $4,268 4.05%
    $250k+ 18 $5,600,000 $311,111 $4,678 4.34%

    Avadian lent most frequently to those with incomes in the $50k-75k range, with 162 originations. The second most popular income band? $100k-150k, with 152 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 184 $36,980,000 $200,978 $3,321 4.06%
    30-36% 129 $26,205,000 $203,140 $3,638 4.05%
    <20% 74 $14,270,000 $192,838 $3,266 4.06%
    38% 41 $7,415,000 $180,854 $3,651 4.12%
    40% 27 $5,365,000 $198,704 $3,893 4.29%
    43% 26 $5,020,000 $193,077 $3,717 4.12%
    39% 25 $4,145,000 $165,800 $3,087 4.17%
    44% 22 $4,140,000 $188,182 $3,716 4.31%
    42% 21 $4,535,000 $215,952 $3,687 4.26%
    37% 19 $4,475,000 $235,526 $3,985 4.59%
    36% 19 $4,185,000 $220,263 $3,547 4.11%
    41% 18 $3,790,000 $210,556 $3,410 3.99%
    45% 16 $3,640,000 $227,500 $5,286 4.34%
    49% 13 $2,665,000 $205,000 $4,971 3.77%
    50-60% 13 $3,225,000 $248,077 $5,893 3.71%
    47% 12 $2,590,000 $215,833 $5,216 3.88%
    48% 11 $2,385,000 $216,818 $4,715 3.98%
    46% 11 $2,345,000 $213,182 $3,700 3.83%
    >60% 4 $1,330,000 $332,500 $3,255 3.50%

    Avadian lent most frequently to those with DTI ratios of 20-30%, with 184 originations. The next most common DTI ratio? 30-36%, with 129 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 589 $121,585,000 $206,426 $3,651 4.08%
    Black 73 $12,825,000 $175,685 $3,849 4.22%
    Asian 18 $3,670,000 $203,889 $3,101 3.73%
    Not provided 5 $715,000 $143,000 $3,514 4.00%
    Asian Indian 1 $385,000 $385,000 $5,017 4.25%
    Native Hawaiian or Islander 2 $270,000 $135,000 $3,720 4.06%

    Approval Rates

    Total approvals of all applications
    94.41%

    Avadian has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.41%

    Avadian has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 12 $2,440,000 $203,333
    NA 676 $137,010,000 $202,678

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 688 $139,450,000 $202,689

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $2,705,000 $100,185 $2,350 4.28%
    40-60% 73 $12,205,000 $167,192 $3,270 3.97%
    60-80% 185 $41,055,000 $221,919 $3,572 3.96%
    80-100% 361 $79,195,000 $219,377 $3,938 4.02%
    Over 100% 11 $3,385,000 $307,727 $11,291 3.67%
    Under 20% 31 $905,000 $29,194 $281 5.83%