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 Other, Home Improvement, and Refi loans. Advia has an average proportion of conventional loans. Their top markets by origination volume include: Detroit, Kalamazoo, Whitewater, Chicago, and Janesville among others. We have data for 27 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% 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

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The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,431

Origination Dollar Volume (All Markets)

$124,525,000

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) 382 $31,350,000 $82,068 $0 3.64%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 290 $19,950,000 $68,793 $0 3.52%
Whitewater, WI (FHA|USDA|VA) 128 $14,420,000 $112,656 $0 3.47%
Outside of Metro Areas 135 $11,035,000 $81,741 $0 3.69%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 82 $10,220,000 $124,634 $0 3.84%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 130 $9,270,000 $71,308 $0 3.58%
RACINE, WI (FHA|USDA|VA) 11 $9,115,000 $828,636 $0 3.30%
Holland, MI (FHA|USDA|VA) 114 $7,830,000 $68,684 $0 3.75%
BATTLE CREEK, MI (FHA|USDA|VA) 54 $3,090,000 $57,222 $0 3.82%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 13 $2,945,000 $226,538 $0 3.32%
ROCKFORD, IL (FHA|USDA|VA) 39 $1,995,000 $51,154 $0 3.64%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 18 $990,000 $55,000 $0 4.17%
MONROE, MI (FHA|USDA|VA) 7 $495,000 $70,714 $0 3.25%
Sturgis, MI (FHA|USDA|VA) 6 $400,000 $66,667 $0 3.42%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $290,000 $145,000 $0 3.75%
Traverse City, MI (FHA|USDA|VA) 2 $200,000 $100,000 $0 3.00%
NILES, MI (FHA|USDA|VA) 3 $195,000 $65,000 $0 4.42%
Coldwater, MI (FHA|USDA|VA) 4 $180,000 $45,000 $0 4.00%
Hillsdale, MI (FHA|USDA|VA) 2 $160,000 $80,000 $0 2.75%
Big Rapids, MI (FHA|USDA|VA) 1 $145,000 $145,000 $0 2.75%
MADISON, WI (FHA|USDA|VA) 2 $100,000 $50,000 $0 3.00%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.25%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.25%
Marquette, MI (FHA|USDA|VA) 1 $25,000 $25,000 $0 2.75%
APPLETON, WI (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.75%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $15,000 $15,000 $0 2.75%
JACKSON, MI (FHA|USDA|VA) 1 $15,000 $15,000 $0 7.75%
Advia's top markets include Detroit, Kalamazoo, Whitewater, Chicago, and Janesville among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,373 $99,975,000 $72,815 n/a 3.60%
    Conventional 58 $24,550,000 $423,276 $0 4.27%

    For 2020, Advia's most frequently originated type of loan was HELOC, with 1,373 originations. Their 2nd most popular type was Conventional, with 58 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 502 $31,990,000 $63,725 $0 3.87%
    Home Improvement 490 $29,290,000 $59,776 $0 3.53%
    Refi 350 $36,880,000 $105,371 $0 3.39%
    Home Purchase 82 $15,790,000 $192,561 $0 3.64%
    Cash Out Refi 7 $10,575,000 $1,510,714 $0 4.20%

    For 2020, Advia's most frequently cited loan purpose was Other, with 502 originations. The 2nd most popular reason was Home Improvement, with 490 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 1,370 $99,330,000 $72,504 $0 3.60%
    5 Year 37 $12,565,000 $339,595 $0 4.41%
    15 Year 9 $995,000 $110,556 $0 3.55%
    Other 6 $9,100,000 $1,516,667 $0 4.38%
    1 Year 4 $1,150,000 $287,500 $0 5.39%
    10 Year 3 $1,185,000 $395,000 $0 4.42%
    3 Year 2 $200,000 $100,000 $0 4.43%

    For 2020, Advia's most frequently cited loan duration was 20 Year, with 1,370 originations. The 2nd most popular length was 5 Year, with 37 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 634 $53,920,000 $85,047
    4-5% 336 $28,650,000 $85,268
    3-4% 295 $32,025,000 $108,559
    5-6% 116 $7,700,000 $66,379
    6-7% 34 $1,670,000 $49,118
    7-8% 10 $260,000 $26,000
    Over 8% 6 $300,000 $50,000

    During 2020, Advia's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 634 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,090 $53,340,000 $48,936 $0 3.71%
    $100k-200k 258 $33,910,000 $131,434 $0 3.30%
    $200k-400k 60 $15,760,000 $262,667 $0 3.54%
    $600k-1MM 12 $8,850,000 $737,500 $0 4.01%
    $400k-600k 9 $4,075,000 $452,778 $0 3.66%
    $1MM+ 2 $8,590,000 $4,295,000 $0 3.63%

    2020 saw Advia place emphasis on $100,000 or less loans with 1,090 originations, totaling $53,340,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 448 $28,450,000 $63,504 $0 3.51%
    $50k-75k 341 $22,325,000 $65,469 $0 3.70%
    $100k-150k 246 $19,460,000 $79,106 $0 3.56%
    $75k-100k 215 $16,065,000 $74,721 $0 3.63%
    $150k-250k 105 $9,785,000 $93,190 $0 3.68%
    $250k+ 39 $7,315,000 $187,564 $0 3.95%

    Advia lent most frequently to those with incomes in the $50k or less range, with 448 originations. The second most popular income band? $50k-75k, with 341 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 376 $25,520,000 $67,872 $0 3.63%
    30-36% 281 $19,495,000 $69,377 $0 3.68%
    <20% 223 $19,175,000 $85,987 $0 3.25%
    37% 66 $4,080,000 $61,818 $0 3.82%
    39% 64 $4,660,000 $72,813 $0 3.54%
    38% 62 $4,100,000 $66,129 $0 3.58%
    36% 59 $3,465,000 $58,729 $0 3.93%
    40% 53 $4,165,000 $78,585 $0 3.53%
    41% 49 $3,725,000 $76,020 $0 3.87%
    42% 43 $2,875,000 $66,860 $0 3.58%
    43% 31 $2,305,000 $74,355 $0 3.23%
    44% 19 $995,000 $52,368 $0 3.67%
    50-60% 11 $1,385,000 $125,909 $0 3.48%
    46% 10 $940,000 $94,000 $0 4.45%
    47% 6 $890,000 $148,333 $0 2.75%
    49% 5 $405,000 $81,000 $0 4.35%
    45% 5 $795,000 $159,000 $0 4.05%
    >60% 4 $270,000 $67,500 $0 4.13%
    48% 3 $85,000 $28,333 $0 3.75%

    Advia lent most frequently to those with DTI ratios of 20-30%, with 376 originations. The next most common DTI ratio? 30-36%, with 281 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,239 $92,905,000 $74,984 $0 3.61%
    Not applicable 37 $21,125,000 $570,946 $0 4.29%
    Not provided 75 $5,025,000 $67,000 $0 3.47%
    Black 51 $2,755,000 $54,020 $0 3.70%
    12 $980,000 $81,667 $0 3.33%
    Asian 7 $865,000 $123,571 $0 4.11%
    American Indian 8 $510,000 $63,750 $0 3.94%
    Other Asian 1 $305,000 $305,000 $0 5.75%
    Native Hawaiian or Islander 1 $55,000 $55,000 $0 2.75%

    Approval Rates

    Total approvals of all applications
    67.71%

    Advia has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    63.10%

    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 1,431 $124,525,000 $87,020

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $12,500,000 $1,250,000
    Single Family (1-4 Units):Manufactured 19 $965,000 $50,789
    Single Family (1-4 Units):Site-Built 1,402 $111,060,000 $79,215

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 507 $39,905,000 $78,708 $0 3.62%
    40-60% 270 $26,930,000 $99,741 $0 3.42%
    60-80% 245 $32,405,000 $132,265 $0 3.38%
    80-100% 36 $5,170,000 $143,611 $0 4.30%
    Over 100% 14 $6,610,000 $472,143 $0 4.25%
    Under 20% 359 $13,505,000 $37,618 $0 3.88%