Evesham Mortgage Rates, Fees & Info
Marlton, NJLEI: 254900R61QS4BG30IS52
Tax ID: 26-1234319
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Mortgage Data
Overview
Evesham Mortgage is a smaller mortgage company specializing in Home Purchase and Refi loans. Evesham Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Philadelphia, New York, Ocean City, Atlantic City, and Trenton among others. Evesham Mortgage has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Evesham Mortgage is typically an average fee lendor.Originations
1,221Origination Dollar Volume (All Markets)
$348,625,000Awards
Evesham Mortgage - 2021
Evesham Mortgage is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Evesham Mortgage 's average 30 year fixed rate mortgage of loans were
3.12%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.03%.
Relative Fees
Evesham Mortgage 's average total fees for a 30 year fixed rate
mortgage are $5,201.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 703 | $186,705,000 | $265,583 | $4,893 | 3.02% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 316 | $97,780,000 | $309,430 | $5,024 | 3.05% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 55 | $21,225,000 | $385,909 | $4,554 | 2.97% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 42 | $11,750,000 | $279,762 | $4,708 | 2.98% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 23 | $7,205,000 | $313,261 | $5,277 | 3.01% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 13 | $5,105,000 | $392,692 | $5,919 | 2.98% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $2,485,000 | $355,000 | $6,274 | 2.94% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 10 | $2,170,000 | $217,000 | $4,547 | 3.26% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 9 | $1,995,000 | $221,667 | $6,260 | 3.11% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,605,000 | $321,000 | $5,378 | 2.75% |
| LANCASTER, PA (FHA|USDA|VA) | 6 | $1,330,000 | $221,667 | $6,351 | 3.27% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $5,072 | 3.33% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $1,255,000 | $418,333 | $9,059 | 3.42% |
| Key West, FL (FHA|USDA|VA) | 1 | $1,185,000 | $1,185,000 | $50,006 | 4.25% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $4,576 | 3.16% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $5,279 | 2.81% |
| READING, PA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $7,119 | 3.31% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $6,113 | 2.83% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,776 | 3.44% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $3,121 | 3.04% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,161 | 2.75% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,448 | 2.75% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,410 | 2.63% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,433 | 2.25% |
| Outside of Metro Areas | 1 | $225,000 | $225,000 | $4,143 | 3.13% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,758 | 3.25% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,452 | 3.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,570 | 2.75% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,355 | 3.38% |
Evesham Mortgage 's top markets include Philadelphia, New York, Ocean City, Atlantic City, and Trenton among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,067 | $308,495,000 | $289,124 | $4,487 | 3.02% |
| FHA | 130 | $33,770,000 | $259,769 | $8,951 | 3.15% |
| VA | 12 | $3,690,000 | $307,500 | $6,770 | 2.97% |
| USDA | 12 | $2,670,000 | $222,500 | $6,212 | 2.76% |
For the 2021 period, Evesham Mortgage 's most frequently originated loan type of loans were Conventional, with 1,067 originations. Their 2nd most popular type is FHA, with 130 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 605 | $175,315,000 | $289,777 | $5,617 | 3.14% |
| Refi | 534 | $149,280,000 | $279,551 | $4,336 | 2.89% |
| Cash Out Refi | 79 | $22,705,000 | $287,405 | $4,740 | 3.15% |
| Other | 2 | $800,000 | $400,000 | $5,852 | 3.06% |
| Home Improvement | 1 | $525,000 | $525,000 | $5,311 | 3.13% |
For the 2021, Evesham Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 605 originations. The 2nd most popular reason of loans were Refi, with 534 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,009 | $297,155,000 | $294,504 | $5,201 | 3.12% |
| 15 Year | 146 | $35,240,000 | $241,370 | $4,008 | 2.50% |
| 20 Year | 52 | $13,330,000 | $256,346 | $4,144 | 2.85% |
| Other | 11 | $2,385,000 | $216,818 | $4,170 | 2.77% |
| 10 Year | 3 | $515,000 | $171,667 | $3,301 | 2.38% |
For the 2021, Evesham Mortgage 's most frequently cited loan length of loans were 30 Year, with 1,009 originations. The 2nd most popular length of loans were 15 Year, with 146 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 1,045 | $295,545,000 | $282,818 |
| $2k-3k | 78 | $22,770,000 | $291,923 |
| $3k-4k | 50 | $13,520,000 | $270,400 |
| $5k+ | 30 | $12,390,000 | $413,000 |
| $<1k | 13 | $3,235,000 | $248,846 |
$5,201 of loans were Evesham Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,045 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 539 | $155,525,000 | $288,544 |
| 2.5-3% | 533 | $154,555,000 | $289,972 |
| <2.5% | 129 | $33,405,000 | $258,953 |
| 4-5% | 19 | $5,025,000 | $264,474 |
| 5-6% | 1 | $115,000 | $115,000 |
During 2021, Evesham Mortgage 's average interest rate of loans were 3.12%, while their most frequently originated rate bucket of loans were 3-4%, with 539 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 710 | $203,640,000 | $286,817 | $5,102 | 3.02% |
| $100k-200k | 292 | $46,430,000 | $159,007 | $4,160 | 3.04% |
| $400k-600k | 170 | $80,000,000 | $470,588 | $5,575 | 3.00% |
| $100,000 or less | 29 | $2,445,000 | $84,310 | $3,564 | 3.16% |
| $600k-1MM | 17 | $11,935,000 | $702,059 | $8,676 | 3.24% |
| $1MM+ | 3 | $4,175,000 | $1,391,667 | $22,725 | 3.67% |
2021 saw Evesham Mortgage place emphasis on $200k-400k loans with 710 originations, totaling $203,640,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 292 | $101,510,000 | $347,637 | $4,897 | 3.00% |
| $100k-150k | 291 | $83,625,000 | $287,371 | $5,085 | 3.04% |
| $50k-75k | 230 | $50,980,000 | $221,652 | $5,150 | 3.04% |
| $75k-100k | 226 | $57,390,000 | $253,938 | $4,703 | 3.02% |
| $250k+ | 96 | $41,030,000 | $427,396 | $5,399 | 2.96% |
| $50k or less | 86 | $14,090,000 | $163,837 | $5,003 | 3.14% |
Evesham Mortgage lent most frequently to those with incomes in the $150k-250k range, with 292 originations. The second most popular income band? $100k-150k, with 291 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 265 | $77,615,000 | $292,887 | $4,452 | 2.98% |
| 30-36% | 227 | $66,555,000 | $293,194 | $4,955 | 3.01% |
| <20% | 97 | $28,245,000 | $291,186 | $4,107 | 2.87% |
| 44% | 57 | $16,065,000 | $281,842 | $4,926 | 3.11% |
| 37% | 53 | $14,695,000 | $277,264 | $4,853 | 3.07% |
| 50-60% | 50 | $12,450,000 | $249,000 | $8,163 | 3.18% |
| 40% | 49 | $13,345,000 | $272,347 | $5,515 | 2.96% |
| 43% | 47 | $13,575,000 | $288,830 | $5,245 | 3.17% |
| 48% | 45 | $12,715,000 | $282,556 | $5,452 | 3.02% |
| 38% | 44 | $12,750,000 | $289,773 | $5,185 | 2.99% |
| 41% | 42 | $11,540,000 | $274,762 | $4,601 | 3.03% |
| 39% | 41 | $11,835,000 | $288,659 | $5,124 | 3.05% |
| 42% | 40 | $11,580,000 | $289,500 | $5,371 | 3.03% |
| 49% | 36 | $10,490,000 | $291,389 | $4,762 | 3.15% |
| 36% | 36 | $9,430,000 | $261,944 | $4,691 | 3.02% |
| 46% | 31 | $9,235,000 | $297,903 | $4,797 | 3.19% |
| 47% | 30 | $8,400,000 | $280,000 | $5,769 | 3.08% |
| 45% | 25 | $6,235,000 | $249,400 | $5,699 | 3.19% |
| >60% | 6 | $1,870,000 | $311,667 | $7,504 | 3.19% |
Evesham Mortgage lent most frequently to those with DTI ratios of 20-30%, with 265 originations. The next most common DTI ratio? 30-36%, with 227 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,046 | $299,460,000 | $286,291 | $4,849 | 3.00% |
| Black | 83 | $20,935,000 | $252,229 | $6,531 | 3.26% |
| Not provided | 42 | $13,120,000 | $312,381 | $5,583 | 2.96% |
| Asian | 39 | $11,845,000 | $303,718 | $4,930 | 3.22% |
| Asian Indian | 5 | $1,635,000 | $327,000 | $5,321 | 3.15% |
| Other Asian | 3 | $915,000 | $305,000 | $8,026 | 3.33% |
| American Indian | 2 | $400,000 | $200,000 | $4,101 | 2.88% |
| Native Hawaiian | 1 | $315,000 | $315,000 | $4,285 | 3.00% |
Approval Rates
Total approvals of all applications96.84%
Evesham Mortgage 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%
Evesham Mortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,221 | $348,625,000 | $285,524 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,221 | $348,625,000 | $285,524 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 31 | $6,505,000 | $209,839 | $3,774 | 2.73% |
| 40-60% | 167 | $42,805,000 | $256,317 | $3,973 | 2.82% |
| 60-80% | 519 | $155,375,000 | $299,374 | $4,573 | 3.04% |
| 80-100% | 498 | $142,890,000 | $286,928 | $5,855 | 3.10% |
| Over 100% | 4 | $850,000 | $212,500 | $7,307 | 2.84% |
| Under 20% | 2 | $200,000 | $100,000 | $3,200 | 3.31% |
