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 39 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% | 4/21/24 |
| 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
2,013Origination Dollar Volume (All Markets)
$198,115,000Top 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) | 582 | $51,650,000 | $88,746 | $0 | 5.16% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 455 | $42,315,000 | $93,000 | $0 | 5.30% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 135 | $24,215,000 | $179,370 | $0 | 4.95% |
| Outside of Metro Areas | 176 | $15,810,000 | $89,830 | $0 | 5.08% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 202 | $12,780,000 | $63,267 | $0 | 5.13% |
| Whitewater, WI (FHA|USDA|VA) | 93 | $10,405,000 | $111,882 | $0 | 5.44% |
| Holland, MI (FHA|USDA|VA) | 105 | $8,375,000 | $79,762 | $0 | 5.47% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 106 | $7,510,000 | $70,849 | $0 | 5.73% |
| SAGINAW, MI (FHA|USDA|VA) | 2 | $5,730,000 | $2,865,000 | $0 | 5.33% |
| ROCKFORD, IL (FHA|USDA|VA) | 52 | $5,500,000 | $105,769 | $0 | 4.94% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 26 | $5,400,000 | $207,692 | $0 | 6.13% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 8 | $1,880,000 | $235,000 | $0 | 5.00% |
| RACINE, WI (FHA|USDA|VA) | 7 | $755,000 | $107,857 | $0 | 4.61% |
| MONROE, MI (FHA|USDA|VA) | 10 | $750,000 | $75,000 | $0 | 4.95% |
| MADISON, WI (FHA|USDA|VA) | 7 | $665,000 | $95,000 | $0 | 6.07% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 4.25% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 7.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 6 | $440,000 | $73,333 | $0 | 5.83% |
| Sturgis, MI (FHA|USDA|VA) | 8 | $370,000 | $46,250 | $0 | 6.53% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $0 | 3.75% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 3.25% |
| Coldwater, MI (FHA|USDA|VA) | 4 | $260,000 | $65,000 | $0 | 5.38% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 3.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.50% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 6.13% |
| NILES, MI (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 6.13% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 4.25% |
| MIDLAND, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.50% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 3.75% |
| Ludington, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 2.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.50% |
| MUSKEGON, MI (FHA|USDA|VA) | 3 | $65,000 | $21,667 | $0 | 6.67% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 3.00% |
| BAY CITY, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.50% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.25% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 6.00% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 5.25% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 3.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 1,974 | $163,110,000 | $82,629 | n/a | 5.25% |
| Conventional | 39 | $35,005,000 | $897,564 | $0 | 4.54% |
For 2022, Advia's most frequently originated type of loan was HELOC, with 1,974 originations. Their 2nd most popular type was Conventional, with 39 originations.
Loan Reason
For 2022, Advia's most frequently cited loan purpose was Home Improvement, with 711 originations. The 2nd most popular reason was Other, with 681 originations.
Loan Duration/Length
For 2022, Advia's most frequently cited loan duration was 20 Year, with 1,968 originations. The 2nd most popular length was 5 Year, with 24 originations.
Interest Rates
During 2022, Advia's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 471 originations.
Loan Sizing
2022 saw Advia place emphasis on $100,000 or less loans with 1,462 originations, totaling $74,630,000 in origination value.
Applicant Income
Advia lent most frequently to those with incomes in the $50k-75k range, with 511 originations. The second most popular income band? $50k or less, with 510 originations.
Applicant Debt to Income Ratio
Advia lent most frequently to those with DTI ratios of 20-30%, with 473 originations. The next most common DTI ratio? 30-36%, with 370 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications72.50%
Advia has a below average approval rate.
Pick Rate
Approvals leading to origination67.96%
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 | 2,013 | $198,115,000 | $98,418 |