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 Refi and 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 36 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% 4/18/24
    30 Year Conventional Purchase 5.49% 4/18/24
    30 Year Conventional Refi 6.18% 4/18/24
    30 Year Cash-out Refi 6.27% 4/18/24
    30 Year FHA Purchase 6.27% 4/18/24
    30 Year VA Purchase 6.25% 4/18/24
    30 Year VA Refi 6.27% 4/18/24
    15 Year Conventional Refi 5.68% 4/18/24
    15 Year Cash-out Refi 5.68% 4/18/24
    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

    1,168

    Origination Dollar Volume (All Markets)

    $279,490,000
    Show all (13) 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) 565 $128,345,000 $227,159 $2,887 2.96%
    HUNTSVILLE, AL (FHA|USDA|VA) 319 $94,315,000 $295,658 $4,458 2.91%
    DOTHAN, AL (FHA|USDA|VA) 111 $17,225,000 $155,180 $2,911 3.01%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 15 $4,275,000 $285,000 $3,076 3.08%
    MOBILE, AL (FHA|USDA|VA) 16 $4,240,000 $265,000 $2,606 3.07%
    Outside of Metro Areas 17 $3,605,000 $212,059 $3,347 2.86%
    TUSCALOOSA, AL (FHA|USDA|VA) 13 $3,225,000 $248,077 $4,198 3.11%
    DECATUR, AL (FHA|USDA|VA) 13 $2,955,000 $227,308 $4,280 3.12%
    Scottsboro, AL (FHA|USDA|VA) 12 $2,560,000 $213,333 $3,135 3.06%
    MONTGOMERY, AL (FHA|USDA|VA) 13 $2,525,000 $194,231 $3,174 3.13%
    Enterprise, AL (FHA|USDA|VA) 12 $2,250,000 $187,500 $2,615 2.86%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 9 $1,605,000 $178,333 $3,460 2.92%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $1,225,000 $245,000 $2,702 2.80%
    Jasper, AL (FHA|USDA|VA) 6 $1,180,000 $196,667 $3,546 3.04%
    Ozark, AL (FHA|USDA|VA) 8 $1,100,000 $137,500 $2,547 2.70%
    Cullman, AL (FHA|USDA|VA) 4 $900,000 $225,000 $3,980 2.97%
    Albertville, AL (FHA|USDA|VA) 3 $805,000 $268,333 $4,209 3.08%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $800,000 $400,000 $5,659 3.44%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $745,000 $248,333 $3,522 2.75%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $710,000 $355,000 $2,763 2.88%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 3 $675,000 $225,000 $2,166 2.38%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $495,000 $495,000 $4,004 2.50%
    Cookeville, TN (FHA|USDA|VA) 2 $480,000 $240,000 $3,497 2.63%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $435,000 $435,000 $3,628 2.50%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $435,000 $435,000 $7,406 2.50%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $315,000 $315,000 $3,068 3.25%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $305,000 $305,000 $2,522 2.38%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $285,000 $285,000 $2,862 3.63%
    Alexander City, AL (FHA|USDA|VA) 2 $270,000 $135,000 $2,818 2.75%
    JACKSON, MS (FHA|USDA|VA) 1 $235,000 $235,000 $2,253 2.13%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $215,000 $215,000 $6,389 4.00%
    Atmore, AL (FHA|USDA|VA) 1 $185,000 $185,000 $2,620 3.25%
    Fort Payne, AL (FHA|USDA|VA) 1 $175,000 $175,000 $2,647 3.00%
    Troy, AL (FHA|USDA|VA) 1 $155,000 $155,000 $2,547 2.75%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $155,000 $155,000 $4,209 3.00%
    FORT SMITH, AR-OK (FHA|USDA|VA) 1 $85,000 $85,000 $1,763 2.50%
    Avadian's top markets include Birmingham, Huntsville, Dothan, Daphne, and Mobile among others.

    Their top states include:
  • Alabama (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (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.

    BankPlus
    Similarity Rank: 372
    Five Star Credit Union
    Similarity Rank: 468
    Liberty Mortgage Corporation
    Similarity Rank: 630
    Jefferson Credit Union
    Similarity Rank: 702
    SmartBank
    Similarity Rank: 760
    First Financial Bank
    Similarity Rank: 918
    Independent Bank
    Similarity Rank: 2100
    Alabama One Credit Union
    Similarity Rank: 2300
    ALABAMA CREDIT UNION
    Similarity Rank: 2450
    KEESLER
    Similarity Rank: 2530

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,020 $236,840,000 $232,196 $3,064 2.96%
    VA 102 $33,980,000 $333,137 $5,695 2.90%
    FHA 29 $5,675,000 $195,690 $5,983 2.89%
    USDA 15 $2,495,000 $166,333 $4,051 3.03%
    HELOC 1 $295,000 $295,000 n/a 2.38%
    VA 1 $205,000 $205,000 $0 2.25%

    For 2020, Avadian's most frequently originated type of loan was Conventional, with 1,020 originations. Their 2nd most popular type was VA, with 102 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 541 $125,965,000 $232,837 $2,724 2.74%
    Home Purchase 394 $104,050,000 $264,086 $4,358 3.14%
    Cash Out Refi 232 $49,130,000 $211,767 $3,250 3.12%
    Other 1 $345,000 $345,000 $6,670 3.88%

    For 2020, Avadian's most frequently cited loan purpose was Refi, with 541 originations. The 2nd most popular reason was Home Purchase, with 394 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 863 $221,045,000 $256,136 $3,616 3.04%
    15 Year 243 $47,365,000 $194,918 $2,748 2.53%
    20 Year 33 $6,695,000 $202,879 $2,885 2.97%
    Other 12 $2,840,000 $236,667 $2,791 3.84%
    10 Year 10 $1,000,000 $100,000 $1,658 3.19%
    5 Year 7 $545,000 $77,857 $1,824 5.14%

    For 2020, Avadian's most frequently cited loan duration was 30 Year, with 863 originations. The 2nd most popular length was 15 Year, with 243 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 817 $187,485,000 $229,480
    $1k-2k 102 $18,640,000 $182,745
    $2k-3k 93 $22,415,000 $241,022
    $3k-4k 44 $12,800,000 $290,909
    $5k+ 36 $18,330,000 $509,167
    $4k-5k 16 $7,050,000 $440,625

    Avadian's average total fees were $3,616, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 817 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 440 $103,040,000 $234,182
    3-4% 372 $93,160,000 $250,430
    <2.5% 326 $78,430,000 $240,583
    4-5% 20 $3,710,000 $185,500
    5-6% 8 $1,090,000 $136,250
    6-7% 1 $35,000 $35,000
    7-8% 1 $25,000 $25,000

    During 2020, Avadian's average interest rate for loans was 3.04%, while their most frequently originated rate bucket for loans was 2.5-3%, with 440 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 527 $145,835,000 $276,727 $3,509 2.90%
    $100k-200k 411 $63,375,000 $154,197 $2,805 2.93%
    $400k-600k 115 $54,115,000 $470,565 $4,900 2.95%
    $100,000 or less 103 $7,555,000 $73,350 $2,248 3.23%
    $600k-1MM 12 $8,610,000 $717,500 $12,428 3.59%

    2020 saw Avadian place emphasis on $200k-400k loans with 527 originations, totaling $145,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 284 $71,930,000 $253,275 $3,300 2.92%
    $75k-100k 250 $55,600,000 $222,400 $3,264 2.92%
    $50k-75k 238 $44,190,000 $185,672 $3,043 2.95%
    $150k-250k 179 $61,895,000 $345,782 $4,399 3.08%
    $50k or less 173 $27,795,000 $160,665 $2,846 2.92%
    $250k+ 44 $18,080,000 $410,909 $4,320 2.97%

    Avadian lent most frequently to those with incomes in the $100k-150k range, with 284 originations. The second most popular income band? $75k-100k, with 250 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 368 $86,590,000 $235,299 $3,228 2.94%
    30-36% 221 $59,935,000 $271,199 $3,735 3.07%
    <20% 185 $39,015,000 $210,892 $2,929 2.80%
    42% 38 $8,860,000 $233,158 $3,540 3.13%
    38% 37 $8,585,000 $232,027 $3,170 3.01%
    39% 37 $8,735,000 $236,081 $2,734 3.11%
    44% 33 $8,625,000 $261,364 $4,267 2.86%
    36% 33 $7,335,000 $222,273 $2,788 2.90%
    40% 30 $6,980,000 $232,667 $3,617 3.11%
    41% 30 $6,770,000 $225,667 $5,015 3.05%
    37% 27 $6,825,000 $252,778 $3,939 3.10%
    43% 21 $4,275,000 $203,571 $2,853 2.83%
    45% 16 $3,300,000 $206,250 $3,384 3.06%
    46% 15 $3,265,000 $217,667 $2,987 2.88%
    47% 13 $3,325,000 $255,769 $3,699 2.88%
    49% 11 $2,545,000 $231,364 $3,814 2.83%
    50-60% 10 $2,510,000 $251,000 $6,331 2.89%
    48% 8 $2,070,000 $258,750 $3,585 3.05%
    >60% 4 $720,000 $180,000 $2,606 3.38%

    Avadian lent most frequently to those with DTI ratios of 20-30%, with 368 originations. The next most common DTI ratio? 30-36%, with 221 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 958 $224,250,000 $234,081 $3,369 2.96%
    Black 123 $31,135,000 $253,130 $4,006 3.08%
    Asian 80 $22,680,000 $283,500 $2,595 2.71%
    American Indian 3 $825,000 $275,000 $3,892 2.92%
    Not provided 3 $505,000 $168,333 $2,890 2.79%
    Native Hawaiian or Islander 1 $95,000 $95,000 $616 2.63%

    Approval Rates

    Total approvals of all applications
    95.79%

    Avadian has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    80.14%

    Avadian has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,168 $279,490,000 $239,289

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,168 $279,490,000 $239,289

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $4,915,000 $119,878 $2,333 3.14%
    40-60% 140 $27,720,000 $198,000 $2,827 2.70%
    60-80% 518 $119,700,000 $231,081 $3,040 2.88%
    80-100% 451 $122,595,000 $271,829 $3,800 3.07%
    Over 100% 11 $4,275,000 $388,636 $14,651 3.18%
    Under 20% 7 $285,000 $40,714 $774 4.16%