Evesham Mortgage Rates, Fees & Info
Marlton, NJLEI: 254900R61QS4BG30IS52
Tax ID: 26-1234319
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Mortgage Data
Review & 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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Philadelphia, New York, Ocean City, Atlantic City, and Trenton among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)Evesham Mortgage 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. Evesham Mortgage is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.09% | 3/19/23 |
| 30 Year Conventional Purchase | 6.61% | 3/19/23 |
| 30 Year Conventional Refi | 6.50% | 3/19/23 |
| 30 Year Cash-out Refi | 6.62% | 3/19/23 |
| 30 Year FHA Purchase | 7.54% | 3/19/23 |
| 30 Year FHA Refi | 7.23% | 3/19/23 |
| 30 Year VA Purchase | 6.64% | 3/19/23 |
| 30 Year VA Refi | 6.43% | 3/19/23 |
| 30 Year USDA Purchase | 6.70% | 3/19/23 |
| 30 Year USDA Refi | 6.41% | 3/19/23 |
| 15 Year Conventional Purchase | 6.02% | 3/19/23 |
| 15 Year Conventional Refi | 5.96% | 3/19/23 |
| 15 Year Cash-out Refi | 5.96% | 3/19/23 |
| 15 Year FHA Purchase | 7.52% | 3/19/23 |
| 15 Year FHA Refi | 7.11% | 3/19/23 |
| 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. | ||
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 mortgage rate was
3.12%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.03%.
Relative Fees (Closing Costs)
Evesham Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,201.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| 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% |
Similar Lenders
We use machine learning to identify the top lenders compared against Evesham Mortgage based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2021, Evesham Mortgage's most frequently originated type of loan was Conventional, with 1,063 originations. Their 2nd most popular type was FHA, with 129 originations.
Loan Reason
For 2021, Evesham Mortgage's most frequently cited loan purpose was Home Purchase, with 605 originations. The 2nd most popular reason was Refi, with 534 originations.
Loan Duration/Length
For 2021, Evesham Mortgage's most frequently cited loan duration was 30 Year, with 1,009 originations. The 2nd most popular length was 15 Year, with 146 originations.
Origination Fees/Closing Costs
Evesham Mortgage's average total fees were $5,201, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.12%, while their most frequently originated rate bucket for loans was 3-4%, with 539 originations.
Loan Sizing
2021 saw Evesham Mortgage place emphasis on $200k-400k loans with 710 originations, totaling $203,640,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications96.79%
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 origination86.57%
Evesham Mortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,221 | $348,625,000 | $285,524 |