Evergreen Federal Bank Mortgage Rates, Fees & Info

Grants Pass, OR

LEI: 2549007E4NL6J0YLH946

Tax ID: 93-0177988

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Mortgage Data

Review & Overview

Evergreen Federal Bank is a smaller bank specializing in Home Purchase loans. Evergreen Federal Bank has a high proportion of conventional loans. Their top markets by origination volume include: Medford, Grants Pass, and Brookings among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

Evergreen Federal Bank 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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Originations

204

Origination Dollar Volume (All Markets)

$66,930,000

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
MEDFORD, OR (FHA|USDA|VA) 113 $40,275,000 $356,416 $0 0.00%
GRANTS PASS, OR (FHA|USDA|VA) 88 $25,100,000 $285,227 $0 0.00%
Brookings, OR (FHA|USDA|VA) 3 $1,555,000 $518,333 $0 0.00%
Evergreen Federal Bank's top markets include Medford, Grants Pass, and Brookings among others.

Their top states include:
  • Oregon (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 204 $66,930,000 $328,088 $0 0.00%

    For 2023, Evergreen Federal Bank's most frequently originated type of loan was Conventional, with 204 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 175 $61,085,000 $349,057 $0 0.00%
    Refi 21 $4,705,000 $224,048 $0 0.00%
    Home Improvement 7 $1,085,000 $155,000 $0 0.00%
    Other 1 $55,000 $55,000 $0 0.00%

    For 2023, Evergreen Federal Bank's most frequently cited loan purpose was Home Purchase, with 175 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 204 $66,930,000 $328,088 $0 0.00%

    For 2023, Evergreen Federal Bank's most frequently cited loan duration was Other, with 204 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 125 $33,835,000 $270,680 $0 0.00%
    $100k-200k 31 $4,955,000 $159,839 $0 0.00%
    $400k-600k 23 $11,075,000 $481,522 $0 0.00%
    $600k-1MM 13 $9,515,000 $731,923 $0 0.00%
    $100,000 or less 9 $545,000 $60,556 $0 0.00%
    $1MM+ 3 $7,005,000 $2,335,000 $0 0.00%

    2023 saw Evergreen Federal Bank place emphasis on $200k-400k loans with 125 originations, totaling $33,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 18 $10,140,000 $563,333 $0 0.00%
    $100k-150k 16 $4,710,000 $294,375 $0 0.00%
    $75k-100k 16 $3,440,000 $215,000 $0 0.00%
    $50k-75k 12 $1,510,000 $125,833 $0 0.00%
    $150k-250k 9 $3,465,000 $385,000 $0 0.00%
    $50k or less 3 $415,000 $138,333 $0 0.00%

    Evergreen Federal Bank lent most frequently to those with incomes in the $250k+ range, with 18 originations. The second most popular income band? $100k-150k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 204 $66,930,000 $328,088 $0 0.00%

    Evergreen Federal Bank lent most frequently to those with DTI ratios of Exempt%, with 204 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 127 $42,535,000 $334,921 $0 0.00%
    White 52 $16,100,000 $309,615 $0 0.00%
    Not provided 25 $8,295,000 $331,800 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.01%

    Evergreen Federal Bank 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
    88.73%

    Evergreen Federal Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 204 $66,930,000 $328,088

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    204 $66,930,000 $328,088