Advia Mortgage Rates, Fees & Info

Parchment, MI

LEI: 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, Whitewater, Janesville, and Holland among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

Advia has an 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% 3/28/24
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.

Advia Mortgage Calculator






Your Estimates

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

This is not an official calculator from Advia. 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

1,123

Origination Dollar Volume (All Markets)

$63,445,000

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
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 350 $16,570,000 $47,343 $0 5.42%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 270 $13,730,000 $50,852 $0 5.33%
Whitewater, WI (FHA|USDA|VA) 70 $9,250,000 $132,143 $0 5.09%
Outside of Metro Areas 116 $6,300,000 $54,310 $0 5.30%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 115 $5,615,000 $48,826 $0 5.23%
Holland, MI (FHA|USDA|VA) 53 $2,845,000 $53,679 $0 5.34%
BATTLE CREEK, MI (FHA|USDA|VA) 53 $2,225,000 $41,981 $0 5.62%
ROCKFORD, IL (FHA|USDA|VA) 45 $1,755,000 $39,000 $0 5.36%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 7 $1,365,000 $195,000 $0 6.79%
Baraboo, WI (FHA|USDA|VA) 1 $705,000 $705,000 $0 4.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 8 $570,000 $71,250 $0 6.53%
MADISON, WI (FHA|USDA|VA) 6 $560,000 $93,333 $0 5.42%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 5 $545,000 $109,000 $0 5.16%
MONROE, MI (FHA|USDA|VA) 8 $540,000 $67,500 $0 4.59%
RACINE, WI (FHA|USDA|VA) 3 $285,000 $95,000 $0 5.00%
ANN ARBOR, MI (FHA|USDA|VA) 3 $225,000 $75,000 $0 5.92%
Sturgis, MI (FHA|USDA|VA) 3 $105,000 $35,000 $0 5.25%
NILES, MI (FHA|USDA|VA) 2 $80,000 $40,000 $0 6.00%
JACKSON, MI (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.00%
Coldwater, MI (FHA|USDA|VA) 2 $50,000 $25,000 $0 5.63%
Traverse City, MI (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.50%
Hillsdale, MI (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.00%
Advia's top markets include Detroit, Kalamazoo, Whitewater, Janesville, and Holland among others.

Their top states include:
  • Michigan (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,076 $52,530,000 $48,820 n/a 5.36%
    Conventional 47 $10,915,000 $232,234 $0 5.34%

    For 2018, Advia's most frequently originated type of loan was HELOC, with 1,076 originations. Their 2nd most popular type was Conventional, with 47 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 484 $20,200,000 $41,736 $0 5.31%
    Other 425 $21,385,000 $50,318 $0 5.49%
    Refi 192 $17,060,000 $88,854 $0 5.22%
    Home Purchase 20 $4,590,000 $229,500 $0 5.20%
    Cash Out Refi 2 $210,000 $105,000 $0 6.90%

    For 2018, Advia's most frequently cited loan purpose was Home Improvement, with 484 originations. The 2nd most popular reason was Other, with 425 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 1,065 $50,175,000 $47,113 $0 5.36%
    5 Year 30 $7,890,000 $263,000 $0 5.41%
    Other 13 $2,655,000 $204,231 $0 5.41%
    1 Year 7 $825,000 $117,857 $0 5.43%
    3 Year 6 $1,440,000 $240,000 $0 5.19%
    10 Year 2 $460,000 $230,000 $0 5.81%

    For 2018, Advia's most frequently cited loan duration was 20 Year, with 1,065 originations. The 2nd most popular length was 5 Year, with 30 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 481 $27,815,000 $57,827
    5-6% 324 $20,890,000 $64,475
    6-7% 141 $5,855,000 $41,525
    3-4% 85 $5,445,000 $64,059
    7-8% 49 $1,745,000 $35,612
    Over 8% 40 $1,580,000 $39,500

    During 2018, Advia's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 481 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 995 $39,285,000 $39,482 $0 5.40%
    $100k-200k 97 $12,865,000 $132,629 $0 5.06%
    $200k-400k 22 $5,410,000 $245,909 $0 5.12%
    $400k-600k 4 $1,860,000 $465,000 $0 5.46%
    $600k-1MM 4 $2,860,000 $715,000 $0 4.93%
    $1MM+ 1 $1,165,000 $1,165,000 $0 4.50%

    2018 saw Advia place emphasis on $100,000 or less loans with 995 originations, totaling $39,285,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 857 $40,305,000 $47,030 $0 5.29%
    $50k-75k 81 $3,805,000 $46,975 $0 5.56%
    $75k-100k 59 $3,215,000 $54,492 $0 5.68%
    $100k-150k 54 $3,130,000 $57,963 $0 5.58%
    $150k-250k 24 $1,820,000 $75,833 $0 5.87%
    $250k+ 12 $1,990,000 $165,833 $0 5.62%

    Advia lent most frequently to those with incomes in the $50k or less range, with 857 originations. The second most popular income band? $50k-75k, with 81 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 278 $13,020,000 $46,835 $0 5.25%
    30-36% 207 $9,745,000 $47,077 $0 5.48%
    <20% 148 $9,280,000 $62,703 $0 4.84%
    38% 45 $1,685,000 $37,444 $0 5.73%
    40% 45 $1,785,000 $39,667 $0 5.84%
    41% 45 $2,155,000 $47,889 $0 5.46%
    37% 41 $1,725,000 $42,073 $0 5.55%
    36% 37 $1,615,000 $43,649 $0 5.78%
    39% 36 $1,700,000 $47,222 $0 5.42%
    43% 34 $1,460,000 $42,941 $0 5.53%
    42% 33 $1,735,000 $52,576 $0 5.72%
    44% 31 $1,505,000 $48,548 $0 5.43%
    50-60% 26 $1,440,000 $55,385 $0 5.04%
    45% 22 $1,190,000 $54,091 $0 5.69%
    46% 17 $835,000 $49,118 $0 5.31%
    48% 10 $470,000 $47,000 $0 5.18%
    49% 8 $420,000 $52,500 $0 5.34%
    47% 8 $470,000 $58,750 $0 4.94%
    >60% 5 $395,000 $79,000 $0 4.85%

    Advia lent most frequently to those with DTI ratios of 20-30%, with 278 originations. The next most common DTI ratio? 30-36%, with 207 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 879 $45,295,000 $51,530 $0 5.33%
    Not applicable 36 $9,050,000 $251,389 $0 5.37%
    Not provided 180 $8,160,000 $45,333 $0 5.41%
    Black 21 $665,000 $31,667 $0 6.02%
    American Indian 3 $115,000 $38,333 $0 5.58%
    Asian 2 $110,000 $55,000 $0 4.38%
    Native Hawaiian or Islander 1 $35,000 $35,000 $0 4.75%
    Korean 1 $15,000 $15,000 $0 6.00%

    Approval Rates

    Total approvals of all applications
    75.40%

    Advia has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    69.10%

    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 1,123 $63,445,000 $56,496

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $2,840,000 $473,333
    Single Family (1-4 Units):Site-Built 1,117 $60,605,000 $54,257

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 375 $18,585,000 $49,560 $0 5.41%
    40-60% 159 $12,485,000 $78,522 $0 5.09%
    60-80% 93 $11,035,000 $118,656 $0 4.94%
    80-100% 34 $3,420,000 $100,588 $0 6.13%
    Over 100% 12 $3,310,000 $275,833 $0 5.65%
    Under 20% 446 $13,760,000 $30,852 $0 5.44%