Avista Corporation Credit Union Mortgage Rates, Fees & Info

Spokane, WA

LEI: Q0IK63NITJD6RJ47SW96

Tax ID: 91-6033165

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Avista Corporation Credit Union is a smaller credit union specializing in Refi, Cash Out Refi, and Home Purchase loans. Avista Corporation Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Spokane, Pullman, Othello, Sandpoint, and Medford among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Avista Corporation Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Avista Corporation Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.27% 12/16/24
    30 Year Conventional Refi 6.27% 12/16/24
    30 Year Cash-out Refi 6.27% 12/16/24
    15 Year Conventional Refi 5.68% 12/16/24
    15 Year Cash-out Refi 5.68% 12/16/24
    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.

    Avista Corporation Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Avista Corporation Credit Union. 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

    38

    Origination Dollar Volume (All Markets)

    $4,460,000

    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
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 29 $3,355,000 $115,690 $2,377 4.40%
    Outside of Metro Areas 2 $370,000 $185,000 $3,719 4.38%
    Outside of Metro Areas 3 $355,000 $118,333 $5,592 4.83%
    Pullman, WA (FHA|USDA|VA) 1 $155,000 $155,000 $2,065 3.25%
    Othello, WA (FHA|USDA|VA) 1 $105,000 $105,000 $2,917 4.50%
    Sandpoint, ID (FHA|USDA|VA) 1 $65,000 $65,000 $1,603 3.75%
    MEDFORD, OR (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.75%
    Avista Corporation Credit Union's top markets include Spokane, Pullman, Othello, Sandpoint, and Medford among others.

    Their top states include:
  • Washington (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 24 $3,840,000 $160,000 $2,600 4.07%
    HELOC 14 $620,000 $44,286 n/a 4.96%

    For 2018, Avista Corporation Credit Union's most frequently originated type of loan was Conventional, with 24 originations. Their 2nd most popular type was HELOC, with 14 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 17 $1,935,000 $113,824 $2,062 4.41%
    Cash Out Refi 8 $960,000 $120,000 $2,206 4.12%
    Other 7 $395,000 $56,429 $1,603 4.64%
    Home Purchase 6 $1,170,000 $195,000 $4,123 4.46%

    For 2018, Avista Corporation Credit Union's most frequently cited loan purpose was Refi, with 17 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 13 $605,000 $46,538 $0 4.96%
    30 Year 9 $1,865,000 $207,222 $3,548 4.47%
    15 Year 8 $1,400,000 $175,000 $2,480 3.78%
    Other 6 $310,000 $51,667 $1,307 4.17%
    10 Year 2 $280,000 $140,000 $2,052 3.63%

    For 2018, Avista Corporation Credit Union's most frequently cited loan duration was 20 Year, with 13 originations. The 2nd most popular length was 30 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 16 $1,880,000 $117,500
    $1k-2k 8 $1,960,000 $245,000

    Avista Corporation Credit Union's average total fees were $3,548, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 16 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 21 $2,905,000 $138,333
    3-4% 11 $1,335,000 $121,364
    5-6% 6 $220,000 $36,667

    During 2018, Avista Corporation Credit Union's average interest rate for loans was 4.47%, while their most frequently originated rate bucket for loans was 4-5%, with 21 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 20 $980,000 $49,000 $1,278 4.65%
    $100k-200k 10 $1,520,000 $152,000 $2,743 4.05%
    $200k-400k 8 $1,960,000 $245,000 $3,413 4.22%

    2018 saw Avista Corporation Credit Union place emphasis on $100,000 or less loans with 20 originations, totaling $980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 14 $1,710,000 $122,143 $2,888 4.50%
    $100k-150k 11 $1,275,000 $115,909 $2,278 4.27%
    $50k-75k 8 $910,000 $113,750 $3,129 4.69%
    $150k-250k 4 $520,000 $130,000 $1,811 3.81%
    $50k or less 1 $45,000 $45,000 $0 4.50%

    Avista Corporation Credit Union lent most frequently to those with incomes in the $75k-100k range, with 14 originations. The second most popular income band? $100k-150k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 12 $870,000 $72,500 $1,511 4.33%
    30-36% 7 $775,000 $110,714 $3,635 4.71%
    <20% 5 $635,000 $127,000 $2,137 4.40%
    50-60% 3 $535,000 $178,333 $3,663 4.50%
    39% 3 $575,000 $191,667 $3,877 4.42%
    47% 2 $240,000 $120,000 $2,441 4.50%
    41% 1 $295,000 $295,000 $3,064 4.50%
    42% 1 $65,000 $65,000 $1,603 3.75%
    40% 1 $45,000 $45,000 $0 4.50%
    44% 1 $225,000 $225,000 $2,636 3.50%
    37% 1 $65,000 $65,000 $0 4.75%
    43% 1 $135,000 $135,000 $2,143 3.50%

    Avista Corporation Credit Union lent most frequently to those with DTI ratios of 20-30%, with 12 originations. The next most common DTI ratio? 30-36%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 34 $4,060,000 $119,412 $2,536 4.37%
    Not provided 1 $235,000 $235,000 $5,592 4.50%
    Black 1 $65,000 $65,000 $0 4.75%
    Asian 1 $55,000 $55,000 $1,022 5.00%
    American Indian 1 $45,000 $45,000 $0 4.50%

    Approval Rates

    Total approvals of all applications
    95.56%

    Avista Corporation Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    86.84%

    Avista Corporation Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 38 $4,460,000 $117,368

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $325,000 $108,333
    Single Family (1-4 Units):Site-Built 35 $4,135,000 $118,143

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $475,000 $67,857 $1,218 4.43%
    40-60% 3 $515,000 $171,667 $2,135 4.08%
    60-80% 12 $2,280,000 $190,000 $2,977 4.06%
    80-100% 3 $635,000 $211,667 $4,089 4.50%
    Under 20% 13 $555,000 $42,692 $1,572 4.75%