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.) Their top markets by origination volume include: Philadelphia, New York, Ocean City, Atlantic City, and Allentown 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 an above 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.

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Originations

1,305

Origination Dollar Volume (All Markets)

$344,375,000

Awards

Evesham Mortgage FHA Loans silver Evesham Mortgage USDA Loans bronze Evesham Mortgage FHA Loans bronze Evesham Mortgage 30 Year Conventional Loans bronze
Show all (4) 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) 801 $198,885,000 $248,296 $4,977 3.11%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 360 $105,570,000 $293,250 $5,106 3.24%
OCEAN CITY, NJ (FHA|USDA|VA) 41 $13,935,000 $339,878 $4,318 2.99%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 40 $9,680,000 $242,000 $4,364 3.24%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 10 $2,690,000 $269,000 $4,970 2.98%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 8 $2,170,000 $271,250 $3,666 3.58%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 10 $1,760,000 $176,000 $4,552 3.35%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,225,000 $408,333 $4,526 2.96%
LANCASTER, PA (FHA|USDA|VA) 3 $1,125,000 $375,000 $10,323 3.29%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $935,000 $311,667 $3,922 2.96%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $925,000 $308,333 $6,504 3.63%
READING, PA (FHA|USDA|VA) 2 $510,000 $255,000 $7,838 3.06%
GETTYSBURG, PA (FHA|USDA|VA) 1 $495,000 $495,000 $7,142 3.75%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $480,000 $240,000 $3,821 3.31%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $405,000 $405,000 $3,670 3.50%
PITTSBURGH, PA (FHA|USDA|VA) 1 $375,000 $375,000 $5,331 2.63%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $360,000 $180,000 $5,278 3.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $345,000 $345,000 $4,643 3.13%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $340,000 $170,000 $7,930 3.19%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $320,000 $160,000 $3,589 3.31%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $295,000 $295,000 $4,072 3.25%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $285,000 $285,000 $4,117 3.25%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $255,000 $255,000 $14,056 3.13%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $225,000 $225,000 $4,211 3.63%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $225,000 $225,000 $6,967 2.88%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $165,000 $165,000 $2,847 2.75%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $3,255 2.50%
OCALA, FL (FHA|USDA|VA) 1 $145,000 $145,000 $3,928 3.25%
Outside of Metro Areas 1 $105,000 $105,000 $3,558 3.13%
Evesham Mortgage's top markets include Philadelphia, New York, Ocean City, Atlantic City, and Allentown 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.

    North Jersey Federal Credit Union
    Similarity Rank: 247
    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 304
    Princeton Federal Credit Union
    Similarity Rank: 450
    N C P D Federal Credit Union
    Similarity Rank: 482
    MOUNTAIN MORTGAGE CORP.
    Similarity Rank: 538
    First Citizens Community Bank
    Similarity Rank: 589
    BHCU
    Similarity Rank: 625
    We Florida Financial
    Similarity Rank: 638
    Prudential Bank
    Similarity Rank: 640

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,065 $287,795,000 $270,230 $4,330 3.09%
    FHA 179 $41,125,000 $229,749 $8,159 3.42%
    USDA 29 $6,265,000 $216,034 $6,652 3.44%
    VA 25 $7,495,000 $299,800 $8,063 3.41%
    HELOC 6 $1,530,000 $255,000 n/a 3.06%
    FHA 1 $165,000 $165,000 $0 4.00%

    For 2020, Evesham Mortgage's most frequently originated type of loan was Conventional, with 1,065 originations. Their 2nd most popular type was FHA, with 179 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 647 $165,205,000 $255,340 $5,731 3.26%
    Refi 598 $162,640,000 $271,973 $4,212 3.02%
    Cash Out Refi 52 $14,550,000 $279,808 $4,463 3.27%
    Home Improvement 7 $1,685,000 $240,714 $5,408 3.39%
    Other 1 $295,000 $295,000 $2,891 2.88%

    For 2020, Evesham Mortgage's most frequently cited loan purpose was Home Purchase, with 647 originations. The 2nd most popular reason was Refi, with 598 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,030 $276,320,000 $268,272 $5,274 3.25%
    15 Year 161 $39,105,000 $242,888 $3,905 2.65%
    20 Year 75 $19,865,000 $264,867 $3,945 3.02%
    Other 28 $7,380,000 $263,571 $3,906 3.04%
    10 Year 11 $1,705,000 $155,000 $3,312 2.82%

    For 2020, Evesham Mortgage's most frequently cited loan duration was 30 Year, with 1,030 originations. The 2nd most popular length was 15 Year, with 161 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,142 $297,740,000 $260,718
    $2k-3k 52 $12,860,000 $247,308
    $<1k 42 $12,810,000 $305,000
    $3k-4k 30 $8,280,000 $276,000
    $4k-5k 16 $4,960,000 $310,000
    $5k+ 14 $5,570,000 $397,857

    Evesham Mortgage's average total fees were $5,274, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,142 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 614 $157,340,000 $256,254
    2.5-3% 525 $147,105,000 $280,200
    <2.5% 105 $26,455,000 $251,952
    4-5% 56 $12,580,000 $224,643
    5-6% 4 $610,000 $152,500
    6-7% 1 $285,000 $285,000

    During 2020, Evesham Mortgage's average interest rate for loans was 3.25%, while their most frequently originated rate bucket for loans was 3-4%, with 614 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 722 $201,880,000 $279,612 $5,183 3.12%
    $100k-200k 390 $62,760,000 $160,923 $4,374 3.19%
    $400k-600k 150 $69,050,000 $460,333 $5,853 3.06%
    $100,000 or less 31 $2,475,000 $79,839 $3,496 3.77%
    $600k-1MM 12 $8,210,000 $684,167 $5,556 3.34%

    2020 saw Evesham Mortgage place emphasis on $200k-400k loans with 722 originations, totaling $201,880,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 334 $89,510,000 $267,994 $4,854 3.14%
    $150k-250k 294 $96,990,000 $329,898 $4,961 2.99%
    $50k-75k 240 $47,230,000 $196,792 $4,929 3.24%
    $75k-100k 238 $56,440,000 $237,143 $5,258 3.23%
    $50k or less 111 $18,785,000 $169,234 $5,118 3.32%
    $250k+ 88 $35,420,000 $402,500 $4,765 3.06%

    Evesham Mortgage lent most frequently to those with incomes in the $100k-150k range, with 334 originations. The second most popular income band? $150k-250k, with 294 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 375 $106,645,000 $284,387 $4,763 3.05%
    30-36% 239 $63,855,000 $267,176 $4,635 3.15%
    <20% 76 $20,590,000 $270,921 $4,174 2.97%
    42% 59 $14,485,000 $245,508 $4,704 3.24%
    44% 54 $12,500,000 $231,481 $5,234 3.41%
    37% 50 $12,390,000 $247,800 $4,683 3.17%
    49% 48 $12,630,000 $263,125 $6,291 3.32%
    40% 48 $11,810,000 $246,042 $5,092 3.13%
    39% 47 $11,805,000 $251,170 $4,656 3.28%
    43% 42 $10,160,000 $241,905 $4,915 3.17%
    38% 38 $9,180,000 $241,579 $5,200 3.16%
    36% 36 $9,040,000 $251,111 $4,772 3.07%
    41% 35 $8,535,000 $243,857 $5,301 3.33%
    46% 35 $10,315,000 $294,714 $5,777 3.17%
    50-60% 31 $7,875,000 $254,032 $9,116 3.42%
    45% 30 $6,580,000 $219,333 $4,714 3.19%
    48% 24 $5,630,000 $234,583 $5,388 3.31%
    47% 24 $5,840,000 $243,333 $4,464 3.17%
    >60% 6 $2,010,000 $335,000 $7,692 3.35%

    Evesham Mortgage lent most frequently to those with DTI ratios of 20-30%, with 375 originations. The next most common DTI ratio? 30-36%, with 239 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,065 $281,195,000 $264,033 $4,881 3.13%
    Not provided 121 $35,845,000 $296,240 $5,355 3.21%
    Black 70 $14,040,000 $200,571 $5,831 3.42%
    Asian 40 $10,390,000 $259,750 $4,681 3.08%
    Other Asian 3 $1,325,000 $441,667 $10,077 3.33%
    Not applicable 1 $425,000 $425,000 $4,799 3.00%
    Asian Indian 1 $415,000 $415,000 $5,021 2.50%
    Chinese 1 $325,000 $325,000 $5,191 2.63%
    Japanese 1 $195,000 $195,000 $3,937 3.50%
    American Indian 1 $155,000 $155,000 $6,154 3.50%
    1 $65,000 $65,000 $3,823 5.00%

    Approval Rates

    Total approvals of all applications
    99.92%

    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
    99.77%

    Evesham Mortgage has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,305 $344,375,000 $263,889

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,305 $344,375,000 $263,889

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $6,170,000 $192,813 $3,584 2.91%
    40-60% 112 $27,770,000 $247,946 $3,852 2.92%
    60-80% 493 $136,345,000 $276,562 $4,216 3.08%
    80-100% 658 $171,540,000 $260,699 $5,743 3.25%
    Over 100% 8 $2,470,000 $308,750 $11,393 3.63%
    Under 20% 2 $80,000 $40,000 $1,783 4.38%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Evesham Mortgage, LLC Conventional home mortgage Improper use of your report 1 100.0%