Advia Mortgage Rates, Fees & Info
Parchment, MILEI: 549300V3UW6HP83URS67
Tax ID: 38-1686050
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Mortgage Data
Review & Overview
Advia is a smaller mortgage company specializing in Home Improvement, Other, and Refi loans. Advia has an average proportion of conventional loans. Their top markets by origination volume include: Detroit, Kalamazoo, Chicago, Janesville, and Whitewater among others. We have data for 35 markets. (Some data included below & more in-depth data is available with an active subscription.)Advia has a below 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) | 6.27% | 11/17/24 |
| 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. | ||
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Originations
1,712Origination Dollar Volume (All Markets)
$158,250,000Top 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 |
|---|---|---|---|---|---|
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 463 | $35,305,000 | $76,253 | $0 | 8.35% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 383 | $31,325,000 | $81,789 | $0 | 8.13% |
| Outside of Metro Areas | 157 | $17,455,000 | $111,178 | $0 | 8.18% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 143 | $15,515,000 | $108,497 | $0 | 8.03% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 180 | $11,420,000 | $63,444 | $0 | 8.04% |
| Whitewater, WI (FHA|USDA|VA) | 102 | $10,390,000 | $101,863 | $0 | 8.11% |
| ROCKFORD, IL (FHA|USDA|VA) | 55 | $10,155,000 | $184,636 | $0 | 8.15% |
| ANN ARBOR, MI (FHA|USDA|VA) | 7 | $6,985,000 | $997,857 | $0 | 7.31% |
| Holland, MI (FHA|USDA|VA) | 67 | $5,275,000 | $78,731 | $0 | 8.28% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 68 | $4,420,000 | $65,000 | $0 | 8.50% |
| BAY CITY, MI (FHA|USDA|VA) | 2 | $2,140,000 | $1,070,000 | $0 | 7.15% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 22 | $1,450,000 | $65,909 | $0 | 8.53% |
| RACINE, WI (FHA|USDA|VA) | 7 | $1,415,000 | $202,143 | $0 | 8.68% |
| Sturgis, MI (FHA|USDA|VA) | 9 | $995,000 | $110,556 | $0 | 7.86% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 6 | $550,000 | $91,667 | $0 | 7.50% |
| MONROE, MI (FHA|USDA|VA) | 6 | $500,000 | $83,333 | $0 | 7.79% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 6.50% |
| MADISON, WI (FHA|USDA|VA) | 6 | $380,000 | $63,333 | $0 | 8.58% |
| NILES, MI (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 9.25% |
| JACKSON, MI (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 7.75% |
| Coldwater, MI (FHA|USDA|VA) | 5 | $265,000 | $53,000 | $0 | 8.10% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 7.00% |
| Ludington, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 8.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $0 | 8.58% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 7.63% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.50% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 7.75% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.75% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.25% |
| Adrian, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.00% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 8.50% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 9.25% |
| Lincoln, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.00% |
| FLINT, MI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 7.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 1,695 | $135,115,000 | $79,714 | n/a | 8.21% |
| Conventional | 17 | $23,135,000 | $1,360,882 | $0 | 6.28% |
For 2023, Advia's most frequently originated type of loan was HELOC, with 1,695 originations. Their 2nd most popular type was Conventional, with 17 originations.
Loan Reason
For 2023, Advia's most frequently cited loan purpose was Home Improvement, with 583 originations. The 2nd most popular reason was Other, with 582 originations.
Loan Duration/Length
For 2023, Advia's most frequently cited loan duration was 20 Year, with 1,693 originations. The 2nd most popular length was 5 Year, with 9 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 745 | $64,465,000 | $86,530 |
| Over 8% | 639 | $42,935,000 | $67,191 |
| 6-7% | 321 | $35,445,000 | $110,421 |
| 5-6% | 6 | $8,400,000 | $1,400,000 |
| 4-5% | 1 | $7,005,000 | $7,005,000 |
During 2023, Advia's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 745 originations.
Loan Sizing
2023 saw Advia place emphasis on $100,000 or less loans with 1,289 originations, totaling $67,705,000 in origination value.
Applicant Income
Advia lent most frequently to those with incomes in the $50k or less range, with 403 originations. The second most popular income band? $50k-75k, with 396 originations.
Applicant Debt to Income Ratio
Advia lent most frequently to those with DTI ratios of 20-30%, with 368 originations. The next most common DTI ratio? 30-36%, with 307 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications67.56%
Advia has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination73.54%
Advia has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,712 | $158,250,000 | $92,436 |