Evesham Mortgage Rates, Fees & Info

Marlton, NJ

LEI: 254900R61QS4BG30IS52

Tax ID: 26-1234319

4.6 stars - out of 5 stars, based on 35 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

1,221

Origination Dollar Volume (All Markets)

$348,625,000

Awards

Evesham Mortgage  30 Year Conventional Loans bronze Evesham Mortgage  30 Year Conventional Loans bronze Evesham Mortgage  FHA Loans silver
Show all (3) awards

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 applications
96.84%

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 origination
86.11%

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%