Avidia Bank Mortgage Rates, Fees & Info
Hudson, MALEI: 549300SZBQMYMAL3OM08
Tax ID: 04-3395834
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Mortgage Data
Review & Overview
Avidia Bank is a smaller bank specializing in Home Purchase loans. Avidia Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Worcester, Providence, Portland, and Manchester among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Avidia Bank 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.
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Originations
187Origination Dollar Volume (All Markets)
$91,125,000Top 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 |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 68 | $39,800,000 | $585,294 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 87 | $39,755,000 | $456,954 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 15 | $3,425,000 | $228,333 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $3,150,000 | $787,500 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $1,370,000 | $685,000 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 0.00% |
| Keene, NH (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
| Concord, NH (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Avidia Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 63
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 187 | $91,125,000 | $487,299 | $0 | 0.00% |
For 2024, Avidia Bank's most frequently originated type of loan was Conventional, with 187 originations.
Loan Reason
For 2024, Avidia Bank's most frequently cited loan purpose was Home Purchase, with 117 originations. The 2nd most popular reason was Cash Out Refi, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 187 | $91,125,000 | $487,299 | $0 | 0.00% |
For 2024, Avidia Bank's most frequently cited loan duration was Other, with 187 originations.
Loan Sizing
2024 saw Avidia Bank place emphasis on $200k-400k loans with 67 originations, totaling $19,525,000 in origination value.
Applicant Income
Avidia Bank lent most frequently to those with incomes in the $250k+ range, with 67 originations. The second most popular income band? $150k-250k, with 51 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 187 | $91,125,000 | $487,299 | $0 | 0.00% |
Avidia Bank lent most frequently to those with DTI ratios of Exempt%, with 187 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.42%
Avidia Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.63%
Avidia Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 187 | $91,125,000 | $487,299 |