Advia Mortgage Rates, Fees & Info
Parchment, MILEI: 549300V3UW6HP83URS67
Tax ID: 38-1686050
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Advia is a smaller mortgage company specializing in Home Improvement, Other, and Refi loans. Advia has a high proportion of conventional loans. Their top markets include Detroit, Kalamazoo, Whitewater, Janesville, and Chicago among others. Advia has a below average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.Originations
1,406Origination Dollar Volume (All Markets)
$113,690,000Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 436 | $37,710,000 | $86,491 | $0 | 3.44% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 328 | $23,880,000 | $72,805 | $0 | 3.39% |
| Whitewater, WI (FHA|USDA|VA) | 87 | $11,755,000 | $135,115 | $0 | 3.41% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 130 | $8,060,000 | $62,000 | $0 | 3.35% |
| Outside of Metro Areas | 114 | $7,950,000 | $69,737 | $0 | 3.43% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 80 | $7,650,000 | $95,625 | $0 | 3.44% |
| Holland, MI (FHA|USDA|VA) | 66 | $5,290,000 | $80,152 | $0 | 3.40% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 72 | $4,770,000 | $66,250 | $0 | 3.43% |
| ROCKFORD, IL (FHA|USDA|VA) | 28 | $2,020,000 | $72,143 | $0 | 3.64% |
| RACINE, WI (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $0 | 3.55% |
| Sturgis, MI (FHA|USDA|VA) | 7 | $665,000 | $95,000 | $0 | 3.18% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 12 | $620,000 | $51,667 | $0 | 4.42% |
| MONROE, MI (FHA|USDA|VA) | 9 | $545,000 | $60,556 | $0 | 4.25% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $0 | 3.88% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 4 | $270,000 | $67,500 | $0 | 3.38% |
| Coldwater, MI (FHA|USDA|VA) | 4 | $200,000 | $50,000 | $0 | 3.00% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 3.25% |
| MADISON, WI (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 4.75% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 3.50% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 2.75% |
| JACKSON, MI (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 3.00% |
| FLINT, MI (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 3.50% |
| Effingham, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.75% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.25% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.25% |
| NILES, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.25% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 2.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.25% |
| Alpena, MI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 4.25% |
Advia's top markets include Detroit, Kalamazoo, Whitewater, Janesville, and Chicago among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,406 | $113,690,000 | $80,861 | $0 | 3.44% |
For the 2021 period, Advia's most frequently originated loan type of loans were Conventional, with 1,406 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Improvement | 582 | $36,350,000 | $62,457 | $0 | 3.34% |
| Other | 422 | $27,730,000 | $65,711 | $0 | 3.70% |
| Refi | 306 | $29,060,000 | $94,967 | $0 | 3.29% |
| Home Purchase | 90 | $16,760,000 | $186,222 | $0 | 3.37% |
| Cash Out Refi | 6 | $3,790,000 | $631,667 | $0 | 3.99% |
For the 2021, Advia's most frequently cited loan purpose of loans were Home Improvement, with 582 originations. The 2nd most popular reason of loans were Other, with 422 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20 Year | 1,381 | $100,305,000 | $72,632 | $0 | 3.43% |
| 5 Year | 14 | $6,210,000 | $443,571 | $0 | 4.03% |
| 10 Year | 7 | $5,805,000 | $829,286 | $0 | 3.94% |
| Other | 3 | $1,095,000 | $365,000 | $0 | 3.69% |
| 1 Year | 1 | $275,000 | $275,000 | $0 | 4.50% |
For the 2021, Advia's most frequently cited loan length of loans were 20 Year, with 1,381 originations. The 2nd most popular length of loans were 5 Year, with 14 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 761 | $59,325,000 | $77,957 |
| 3-4% | 280 | $28,860,000 | $103,071 |
| 4-5% | 213 | $17,055,000 | $80,070 |
| 5-6% | 100 | $5,480,000 | $54,800 |
| 6-7% | 49 | $2,915,000 | $59,490 |
| 7-8% | 3 | $55,000 | $18,333 |
During 2021, Advia's average interest rate of loans were 0.00%, while their most frequently originated rate bucket of loans were 2.5-3%, with 761 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 1,093 | $54,225,000 | $49,611 | $0 | 3.48% |
| $100k-200k | 237 | $30,765,000 | $129,810 | $0 | 3.27% |
| $200k-400k | 56 | $13,740,000 | $245,357 | $0 | 3.28% |
| $400k-600k | 11 | $5,325,000 | $484,091 | $0 | 3.52% |
| $600k-1MM | 6 | $4,180,000 | $696,667 | $0 | 3.70% |
| $1MM+ | 3 | $5,455,000 | $1,818,333 | $0 | 3.90% |
2021 saw Advia place emphasis on $100,000 or less loans with 1,093 originations, totaling $54,225,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 445 | $27,565,000 | $61,944 | $0 | 3.31% |
| $50k-75k | 340 | $22,180,000 | $65,235 | $0 | 3.40% |
| $100k-150k | 244 | $19,220,000 | $78,770 | $0 | 3.54% |
| $75k-100k | 217 | $15,665,000 | $72,189 | $0 | 3.55% |
| $150k-250k | 116 | $13,170,000 | $113,534 | $0 | 3.50% |
| $250k+ | 20 | $2,680,000 | $134,000 | $0 | 3.58% |
Advia lent most frequently to those with incomes in the $50k or less range, with 445 originations. The second most popular income band? $50k-75k, with 340 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 393 | $29,405,000 | $74,822 | $0 | 3.33% |
| 30-36% | 280 | $18,970,000 | $67,750 | $0 | 3.59% |
| <20% | 257 | $20,625,000 | $80,253 | $0 | 3.00% |
| 37% | 66 | $3,760,000 | $56,970 | $0 | 4.06% |
| 36% | 58 | $3,960,000 | $68,276 | $0 | 4.00% |
| 39% | 58 | $3,680,000 | $63,448 | $0 | 3.41% |
| 38% | 49 | $3,225,000 | $65,816 | $0 | 3.66% |
| 42% | 46 | $3,140,000 | $68,261 | $0 | 3.75% |
| 41% | 43 | $2,905,000 | $67,558 | $0 | 3.61% |
| 40% | 30 | $2,000,000 | $66,667 | $0 | 3.37% |
| 43% | 26 | $1,320,000 | $50,769 | $0 | 3.10% |
| 45% | 20 | $1,470,000 | $73,500 | $0 | 3.88% |
| 44% | 12 | $1,210,000 | $100,833 | $0 | 3.08% |
| 50-60% | 9 | $485,000 | $53,889 | $0 | 3.08% |
| 46% | 8 | $1,050,000 | $131,250 | $0 | 3.31% |
| 48% | 8 | $1,670,000 | $208,750 | $0 | 3.75% |
| 49% | 7 | $485,000 | $69,286 | $0 | 3.11% |
| 47% | 6 | $520,000 | $86,667 | $0 | 4.17% |
| >60% | 5 | $425,000 | $85,000 | $0 | 3.65% |
Advia lent most frequently to those with DTI ratios of 20-30%, with 393 originations. The next most common DTI ratio? 30-36%, with 280 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,237 | $91,355,000 | $73,852 | $0 | 3.42% |
| Not applicable | 23 | $12,755,000 | $554,565 | $0 | 3.95% |
| Not provided | 87 | $5,675,000 | $65,230 | $0 | 3.45% |
| Black | 33 | $1,965,000 | $59,545 | $0 | 3.95% |
| American Indian | 18 | $1,200,000 | $66,667 | $0 | 3.22% |
| 3 | $275,000 | $91,667 | $0 | 2.75% | |
| Asian | 3 | $225,000 | $75,000 | $0 | 3.75% |
| Other Asian | 1 | $175,000 | $175,000 | $0 | 4.25% |
| Native Hawaiian | 1 | $65,000 | $65,000 | $0 | 3.75% |
Approval Rates
Total approvals of all applications68.70%
Advia has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination65.54%
Advia has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,406 | $113,690,000 | $80,861 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,406 | $113,690,000 | $80,861 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 482 | $30,090,000 | $62,427 | $0 | 3.40% |
| 40-60% | 280 | $32,030,000 | $114,393 | $0 | 3.27% |
| 60-80% | 227 | $25,845,000 | $113,855 | $0 | 3.17% |
| 80-100% | 27 | $6,505,000 | $240,926 | $0 | 4.22% |
| Over 100% | 7 | $4,135,000 | $590,714 | $0 | 4.01% |
| Under 20% | 383 | $15,085,000 | $39,386 | $0 | 3.70% |
