Evergreen Federal Bank Mortgage Rates, Fees & Info

Grants Pass, OR

LEI: 2549007E4NL6J0YLH946

Tax ID: 93-0177988

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

Review & Overview

Evergreen Federal Bank is a smaller bank specializing in Home Purchase and Refi loans. Evergreen Federal Bank has a high proportion of conventional loans. Their top markets by origination volume include: Grants Pass, Medford, Brookings, Roseburg, and Coos Bay among others. We have data for 8 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 an above average pick rate when compared to similar lenders.

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Originations

270

Origination Dollar Volume (All Markets)

$89,090,000

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
GRANTS PASS, OR (FHA\|USDA\|VA)	128	$43,210,000	$337,578	$0	0.00%
MEDFORD, OR (FHA\|USDA\|VA)	125	$39,955,000	$319,640	$0	0.00%
Brookings, OR (FHA\|USDA\|VA)	6	$1,980,000	$330,000	$0	0.00%
Roseburg, OR (FHA\|USDA\|VA)	4	$1,290,000	$322,500	$0	0.00%
Coos Bay, OR (FHA\|USDA\|VA)	2	$1,070,000	$535,000	$0	0.00%
BEND, OR (FHA\|USDA\|VA)	2	$990,000	$495,000	$0	0.00%
EUGENE-SPRINGFIELD, OR (FHA\|USDA\|VA)	2	$440,000	$220,000	$0	0.00%
Klamath Falls, OR (FHA\|USDA\|VA)	1	$155,000	$155,000	$0	0.00%

Evergreen Federal Bank's top markets include Grants Pass, Medford, Brookings, Roseburg, and Coos Bay among others.

Their top states include:

Oregon (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	270	$89,090,000	$329,963	$0	0.00%

For 2022, Evergreen Federal Bank's most frequently originated type of loan was Conventional, with 270 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	167	$62,295,000	$373,024	$0	0.00%
Refi	75	$21,975,000	$293,000	$0	0.00%
Other	12	$2,580,000	$215,000	$0	0.00%
Cash Out Refi	9	$1,555,000	$172,778	$0	0.00%
Home Improvement	7	$685,000	$97,857	$0	0.00%

For 2022, Evergreen Federal Bank's most frequently cited loan purpose was Home Purchase, with 167 originations. The 2nd most popular reason was Refi, with 75 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	270	$89,090,000	$329,963	$0	0.00%

For 2022, Evergreen Federal Bank's most frequently cited loan duration was Other, with 270 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	150	$42,170,000	$281,133	$0	0.00%
$400k-600k	44	$21,630,000	$491,591	$0	0.00%
$100k-200k	37	$5,625,000	$152,027	$0	0.00%
$600k-1MM	21	$14,935,000	$711,190	$0	0.00%
$100,000 or less	15	$1,015,000	$67,667	$0	0.00%
$1MM+	3	$3,715,000	$1,238,333	$0	0.00%

2022 saw Evergreen Federal Bank place emphasis on $200k-400k loans with 150 originations, totaling $42,170,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$250k+	62	$23,210,000	$374,355	$0	0.00%
$100k-150k	30	$9,710,000	$323,667	$0	0.00%
$50k-75k	22	$3,320,000	$150,909	$0	0.00%
$150k-250k	18	$6,820,000	$378,889	$0	0.00%
$75k-100k	15	$3,095,000	$206,333	$0	0.00%
$50k or less	11	$1,295,000	$117,727	$0	0.00%

Evergreen Federal Bank lent most frequently to those with incomes in the $250k+ range, with 62 originations. The second most popular income band? $100k-150k, with 30 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	270	$89,090,000	$329,963	$0	0.00%

Evergreen Federal Bank lent most frequently to those with DTI ratios of Exempt%, with 270 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	108	$38,950,000	$360,648	$0	0.00%
White	86	$25,910,000	$301,279	$0	0.00%
Not provided	75	$23,855,000	$318,067	$0	0.00%
American Indian	1	$375,000	$375,000	$0	0.00%

Approval Rates

Total approvals of all applications
97.36%

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
90.74%

Evergreen Federal Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	270	$89,090,000	$329,963

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	270	$89,090,000	$329,963