Avista Corporation Credit Union Mortgage Rates, Fees & Info

Spokane, WA

LEI: Q0IK63NITJD6RJ47SW96

Tax ID: 91-6033165

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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 and Cash Out Refi loans. Avista Corporation Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Spokane, Moses Lake, and Moscow among others. We have data for 4 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.

    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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    Originations

    36

    Origination Dollar Volume (All Markets)

    $7,510,000

    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 $5,985,000 $206,379 $0 0.00%
    Outside of Metro Areas 4 $800,000 $200,000 $0 0.00%
    Moses Lake, WA (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
    Moscow, ID (FHA|USDA|VA) 2 $350,000 $175,000 $0 0.00%
    Avista Corporation Credit Union's top markets include Spokane, Moses Lake, and Moscow among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 36 $7,510,000 $208,611 $0 0.00%

    For 2019, Avista Corporation Credit Union's most frequently originated type of loan was Conventional, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 19 $3,305,000 $173,947 $0 0.00%
    Cash Out Refi 12 $2,860,000 $238,333 $0 0.00%
    Home Purchase 5 $1,345,000 $269,000 $0 0.00%

    For 2019, Avista Corporation Credit Union's most frequently cited loan purpose was Refi, with 19 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 36 $7,510,000 $208,611 $0 0.00%

    For 2019, Avista Corporation Credit Union's most frequently cited loan duration was Other, with 36 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 19 $5,175,000 $272,368 $0 0.00%
    $100k-200k 11 $1,635,000 $148,636 $0 0.00%
    $100,000 or less 5 $295,000 $59,000 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2019 saw Avista Corporation Credit Union place emphasis on $200k-400k loans with 19 originations, totaling $5,175,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 13 $2,685,000 $206,538 $0 0.00%
    $100k-150k 11 $2,645,000 $240,455 $0 0.00%
    $50k-75k 7 $1,355,000 $193,571 $0 0.00%
    $150k-250k 3 $415,000 $138,333 $0 0.00%
    $250k+ 1 $305,000 $305,000 $0 0.00%
    $50k or less 1 $105,000 $105,000 $0 0.00%

    Avista Corporation Credit Union lent most frequently to those with incomes in the $75k-100k range, with 13 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
    Exempt% 36 $7,510,000 $208,611 $0 0.00%

    Avista Corporation Credit Union lent most frequently to those with DTI ratios of Exempt%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 34 $6,940,000 $204,118 $0 0.00%
    White 2 $570,000 $285,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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
    86.11%

    Avista Corporation Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 36 $7,510,000 $208,611

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 36 $7,510,000 $208,611