Avista Corporation Credit Union Mortgage Rates, Fees & Info
Spokane, WALEI: Q0IK63NITJD6RJ47SW96
Tax ID: 91-6033165
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Mortgage Data
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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
36Origination Dollar Volume (All Markets)
$7,510,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
2019 saw Avista Corporation Credit Union place emphasis on $200k-400k loans with 19 originations, totaling $5,175,000 in origination value.
Applicant Income
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 applications100.00%
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 origination86.11%
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 |