Evesham Mortgage Rates, Fees & Info

Marlton, NJ

LEI: 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.) They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) 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, Atlantic City, Ocean City, and Miami among others. We have data for 27 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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Originations

730

Origination Dollar Volume (All Markets)

$176,480,000

Awards

Evesham Mortgage FHA Loans silver
Show all (1) awards

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) 448 $101,300,000 $226,116 $5,698 4.22%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 169 $45,825,000 $271,154 $6,445 4.43%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 29 $6,245,000 $215,345 $5,289 4.41%
OCEAN CITY, NJ (FHA|USDA|VA) 12 $4,700,000 $391,667 $4,852 4.19%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 7 $2,365,000 $337,857 $5,593 4.66%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 11 $2,005,000 $182,273 $5,695 4.36%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $1,670,000 $278,333 $6,450 4.50%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 6 $1,610,000 $268,333 $5,646 4.73%
JACKSONVILLE, FL (FHA|USDA|VA) 5 $1,155,000 $231,000 $9,025 4.10%
YORK-HANOVER, PA (FHA|USDA|VA) 4 $1,040,000 $260,000 $7,386 4.19%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $1,035,000 $345,000 $9,237 4.08%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 3 $995,000 $331,667 $5,194 5.17%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $970,000 $485,000 $22,410 4.19%
PITTSBURGH, PA (FHA|USDA|VA) 2 $750,000 $375,000 $5,100 3.31%
EAST STROUDSBURG, PA (FHA|USDA|VA) 3 $735,000 $245,000 $5,947 4.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $675,000 $225,000 $4,307 4.38%
LANCASTER, PA (FHA|USDA|VA) 2 $600,000 $300,000 $11,723 4.63%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $505,000 $505,000 $23,901 5.00%
READING, PA (FHA|USDA|VA) 3 $505,000 $168,333 $6,253 3.92%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $475,000 $158,333 $7,295 4.00%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $280,000 $140,000 $5,318 4.19%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $235,000 $235,000 $7,409 4.13%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $215,000 $215,000 $5,741 4.13%
GETTYSBURG, PA (FHA|USDA|VA) 1 $195,000 $195,000 $8,386 3.88%
Sayre, PA (FHA|USDA|VA) 1 $185,000 $185,000 $6,326 4.25%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $125,000 $125,000 $5,290 5.00%
Outside of Metro Areas 1 $85,000 $85,000 $3,448 3.88%
Evesham Mortgage's top markets include Philadelphia, New York, Atlantic City, Ocean City, and Miami among others.

Their top states include:
  • New Jersey (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • 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.

    N C P D Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 442 $110,610,000 $250,249 $4,788 4.25%
    FHA 221 $47,315,000 $214,095 $7,716 4.42%
    VA 40 $13,710,000 $342,750 $9,718 4.11%
    USDA 15 $2,775,000 $185,000 $5,798 3.99%
    FHA 5 $875,000 $175,000 $0 4.40%
    HELOC 4 $720,000 $180,000 n/a 4.28%
    FHA 2 $370,000 $185,000 $0 4.00%
    FHA 1 $105,000 $105,000 $0 4.50%

    For 2019, Evesham Mortgage's most frequently originated type of loan was Conventional, with 442 originations. Their 2nd most popular type was FHA, with 221 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 521 $117,515,000 $225,557 $5,859 4.37%
    Refi 176 $50,760,000 $288,409 $6,531 4.05%
    Cash Out Refi 28 $6,980,000 $249,286 $4,840 4.20%
    Home Improvement 3 $855,000 $285,000 $6,819 3.92%
    NA 2 $370,000 $185,000 $3,425 4.40%

    For 2019, Evesham Mortgage's most frequently cited loan purpose was Home Purchase, with 521 originations. The 2nd most popular reason was Refi, with 176 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 673 $162,875,000 $242,013 $6,109 4.33%
    15 Year 32 $7,780,000 $243,125 $4,304 3.52%
    Other 12 $2,720,000 $226,667 $5,051 4.03%
    20 Year 11 $2,935,000 $266,818 $4,052 4.07%
    10 Year 2 $170,000 $85,000 $3,173 4.19%

    For 2019, Evesham Mortgage's most frequently cited loan duration was 30 Year, with 673 originations. The 2nd most popular length was 15 Year, with 32 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 549 $130,555,000 $237,805
    $<1k 62 $14,320,000 $230,968
    $2k-3k 38 $9,180,000 $241,579
    $5k+ 25 $8,835,000 $353,400
    $3k-4k 22 $5,950,000 $270,455
    $4k-5k 21 $5,395,000 $256,905

    Evesham Mortgage's average total fees were $6,109, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 549 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 374 $84,210,000 $225,160
    3-4% 293 $77,875,000 $265,785
    5-6% 57 $12,545,000 $220,088
    6-7% 3 $745,000 $248,333
    Over 8% 2 $840,000 $420,000
    2.5-3% 1 $265,000 $265,000

    During 2019, Evesham Mortgage's average interest rate for loans was 4.33%, while their most frequently originated rate bucket for loans was 4-5%, with 374 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 357 $97,705,000 $273,683 $6,472 4.19%
    $100k-200k 263 $41,595,000 $158,156 $5,117 4.39%
    $400k-600k 56 $26,030,000 $464,821 $8,005 4.25%
    $100,000 or less 44 $3,570,000 $81,136 $3,634 4.51%
    $600k-1MM 8 $5,310,000 $663,750 $9,832 4.33%
    $1MM+ 2 $2,270,000 $1,135,000 $6,887 3.94%

    2019 saw Evesham Mortgage place emphasis on $200k-400k loans with 357 originations, totaling $97,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 174 $48,060,000 $276,207 $6,398 4.24%
    $75k-100k 161 $35,595,000 $221,087 $6,260 4.27%
    $50k-75k 158 $28,020,000 $177,342 $5,681 4.36%
    $50k or less 112 $20,110,000 $179,554 $5,928 4.43%
    $150k-250k 102 $33,670,000 $330,098 $5,441 4.15%
    $250k+ 22 $10,820,000 $491,818 $5,690 4.17%

    Evesham Mortgage lent most frequently to those with incomes in the $100k-150k range, with 174 originations. The second most popular income band? $75k-100k, with 161 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 112 $26,830,000 $239,554 $5,998 4.20%
    20-30% 110 $27,890,000 $253,545 $5,006 4.12%
    50-60% 71 $17,665,000 $248,803 $8,586 4.36%
    37% 38 $8,310,000 $218,684 $5,855 4.48%
    42% 37 $8,925,000 $241,216 $5,509 4.27%
    43% 35 $8,085,000 $231,000 $5,270 4.36%
    36% 33 $8,105,000 $245,606 $6,441 4.23%
    44% 32 $7,280,000 $227,500 $5,407 4.25%
    40% 31 $6,965,000 $224,677 $5,418 4.35%
    41% 29 $6,675,000 $230,172 $5,840 4.39%
    >60% 27 $8,885,000 $329,074 $8,719 4.28%
    <20% 27 $7,335,000 $271,667 $4,942 3.96%
    49% 26 $6,920,000 $266,154 $6,457 4.64%
    45% 25 $5,255,000 $210,200 $5,216 4.33%
    47% 21 $4,725,000 $225,000 $6,921 4.58%
    38% 21 $4,625,000 $220,238 $4,755 4.29%
    39% 20 $4,440,000 $222,000 $5,139 4.36%
    46% 20 $4,580,000 $229,000 $5,502 4.31%
    48% 14 $2,780,000 $198,571 $5,954 4.46%

    Evesham Mortgage lent most frequently to those with DTI ratios of 30-36%, with 112 originations. The next most common DTI ratio? 20-30%, with 110 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 574 $139,520,000 $243,066 $5,944 4.27%
    Not provided 80 $20,320,000 $254,000 $5,884 4.34%
    Black 53 $10,905,000 $205,755 $6,906 4.46%
    Asian 20 $5,000,000 $250,000 $5,046 4.16%
    Korean 1 $405,000 $405,000 $5,822 3.50%
    American Indian 1 $225,000 $225,000 $8,021 4.25%
    Other Pacific Islander 1 $105,000 $105,000 $5,062 3.75%

    Approval Rates

    Total approvals of all applications
    94.47%

    Evesham Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.64%

    Evesham Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 730 $176,480,000 $241,753

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $145,000 $145,000
    Single Family (1-4 Units):Site-Built 729 $176,335,000 $241,886

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $1,540,000 $128,333 $3,197 4.24%
    40-60% 53 $10,965,000 $206,887 $4,281 4.13%
    60-80% 187 $50,125,000 $268,048 $4,832 4.25%
    80-100% 468 $110,270,000 $235,620 $6,590 4.32%
    Over 100% 10 $3,580,000 $358,000 $10,698 4.49%