Evergreen Moneysource Mortgage Company Rates, Fees & Info

OLYMPIA, WA

LEI: 54930060G4MDPWHISD89

Tax ID: 91-1374387

2020 Data | 2019 Data | 2018 Data


Overview

Evergreen Moneysource Mortgage Company is a mid-sized mortgage company specializing in Home Purchase and Refi loans. Evergreen Moneysource Mortgage Company 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 Seattle, Tacoma, Las Vegas, Portland, and Bremerton among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Evergreen Moneysource Mortgage Company is typically a high fee lendor.


Originations

17,593

Origination Dollar Volume (All Markets)

$5,598,015,000

Relative Rate

Evergreen Moneysource Mortgage Company's average 30 year fixed rate mortgage was 3.41%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of 0.05%.

Relative Fees

Evergreen Moneysource Mortgage Company's average total fees for a 30 year fixed rate mortgage are $6,875.

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 $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 13,234 $4,205,550,000 $317,784 $5,738 3.38%
FHA 2,637 $788,215,000 $298,906 $11,423 3.40%
VA 1,479 $538,335,000 $363,986 $9,828 3.23%
USDA 243 $65,915,000 $271,255 $7,552 3.21%

For the 2020 period, Evergreen Moneysource Mortgage Company's most frequently originated loan type was Conventional, with 13,234 originations. Their 2nd most popular type is FHA, with 2,637 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 8,802 $2,922,930,000 $332,076 $7,778 3.37%
Refi 5,671 $1,764,885,000 $311,212 $5,406 3.30%
Cash Out Refi 3,118 $909,260,000 $291,616 $6,540 3.48%
Home Improvement 2 $940,000 $470,000 $13,651 5.00%

For the 2020, Evergreen Moneysource Mortgage Company's most frequently cited loan purpose was Home Purchase, with 8,802 originations. The 2nd most popular reason was Refi, with 5,671 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 15,757 $5,160,635,000 $327,514 $6,875 3.40%
15 Year 985 $253,015,000 $256,868 $4,848 2.93%
20 Year 457 $122,795,000 $268,698 $4,982 3.17%
Other 164 $22,730,000 $138,598 $5,363 1.51%
10 Year 147 $7,875,000 $53,571 $3,606 4.69%
30+ year 83 $30,965,000 $373,072 $12,509 5.30%

For the 2020, Evergreen Moneysource Mortgage Company's most frequently cited loan length was 30 Year, with 15,757 originations. The 2nd most popular length was 15 Year, with 985 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$3k-4k 5,882 $1,763,120,000 $299,748
$1k-2k 4,409 $1,438,255,000 $326,209
$5k+ 3,431 $1,388,485,000 $404,688
$2k-3k 3,187 $865,375,000 $271,533
$<1k 684 $142,780,000 $208,743

$6,875 was Evergreen Moneysource Mortgage Company's average total fees, while their most frequently occuring range of origination fees were in the $3k-4k bucket, with 5,882 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
SEATTLE-BELLEVUE-KENT, WA 3,094 $1,312,200,000 $424,111 $6,738 3.34%
Outside of Metro Areas 2,581 $667,125,000 $258,475 $6,259 3.43%
TACOMA-LAKEWOOD, WA 1,428 $496,730,000 $347,850 $7,438 3.39%
LAS VEGAS-HENDERSON-PARADISE, NV 1,709 $479,845,000 $280,775 $7,021 3.37%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 1,466 $469,060,000 $319,959 $6,579 3.40%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 1,084 $359,830,000 $331,946 $6,653 3.36%
BOISE CITY, ID 1,409 $339,205,000 $240,742 $7,284 3.14%
MEDFORD, OR 506 $147,420,000 $291,344 $6,724 3.32%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 409 $138,325,000 $338,203 $6,182 3.39%
RENO, NV 384 $119,860,000 $312,135 $3,853 3.28%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 320 $106,020,000 $331,313 $7,397 3.40%
STOCKTON, CA 292 $89,060,000 $305,000 $8,772 3.46%
KENNEWICK-RICHLAND, WA 281 $80,295,000 $285,747 $6,695 3.41%
OLYMPIA-LACEY-TUMWATER, WA 250 $79,200,000 $316,800 $7,425 3.43%
BEND, OR 246 $73,390,000 $298,333 $6,681 3.48%
COEUR D'ALENE, ID 268 $73,260,000 $273,358 $6,813 3.36%
WENATCHEE, WA 222 $72,670,000 $327,342 $7,292 3.39%
ANAHEIM-SANTA ANA-IRVINE, CA 134 $64,830,000 $483,806 $5,606 3.26%
YAKIMA, WA 261 $63,235,000 $242,280 $6,273 3.40%
YUBA CITY, CA 188 $49,140,000 $261,383 $6,325 3.37%
LONGVIEW, WA 182 $48,320,000 $265,495 $7,372 3.57%
SPOKANE-SPOKANE VALLEY, WA 167 $44,775,000 $268,114 $5,795 3.36%
SALEM, OR 114 $31,300,000 $274,561 $7,287 3.54%
MOUNT VERNON-ANACORTES, WA 67 $21,825,000 $325,746 $6,633 3.28%
OAKLAND-BERKELEY-LIVERMORE, CA 51 $21,345,000 $418,529 $7,534 3.38%
LOS ANGELES-LONG BEACH-GLENDALE, CA 50 $20,760,000 $415,200 $6,724 3.42%
PHOENIX-MESA-CHANDLER, AZ 80 $20,000,000 $250,000 $5,326 3.49%
CHICO, CA 82 $18,830,000 $229,634 $6,209 3.48%
MERCED, CA 57 $14,505,000 $254,474 $5,756 3.25%
MODESTO, CA 40 $11,630,000 $290,750 $8,794 3.45%
GRANTS PASS, OR 38 $11,140,000 $293,158 $6,871 3.51%
BELLINGHAM, WA 30 $11,100,000 $370,000 $7,302 3.28%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 20 $10,430,000 $521,500 $8,288 3.40%
PRESCOTT VALLEY-PRESCOTT, AZ 35 $9,635,000 $275,286 $5,523 3.80%
EUGENE-SPRINGFIELD, OR 23 $6,635,000 $288,478 $7,732 3.39%
VALLEJO, CA 16 $6,100,000 $381,250 $6,334 3.58%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 11 $5,225,000 $475,000 $5,012 3.75%
ALBANY-LEBANON, OR 17 $4,585,000 $269,706 $8,136 3.47%
SANTA ROSA-PETALUMA, CA 8 $4,040,000 $505,000 $9,352 3.23%
FRESNO, CA 14 $3,500,000 $250,000 $6,172 3.29%
WALLA WALLA, WA 15 $3,275,000 $218,333 $5,157 3.52%
BAKERSFIELD, CA 9 $2,815,000 $312,778 $4,591 3.16%
CARSON CITY, NV 7 $2,165,000 $309,286 $3,042 3.36%
CORVALLIS, OR 6 $2,120,000 $353,333 $8,337 3.27%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 5 $2,075,000 $415,000 $8,238 3.10%
SALINAS, CA 4 $2,000,000 $500,000 $11,855 4.03%
LEWISTON, ID-WA 6 $1,940,000 $323,333 $7,220 3.48%
SANTA CRUZ-WATSONVILLE, CA 3 $1,875,000 $625,000 $6,928 3.79%
MADERA, CA 6 $1,650,000 $275,000 $5,701 3.23%
IDAHO FALLS, ID 5 $1,345,000 $269,000 $10,704 3.33%
OXNARD-THOUSAND OAKS-VENTURA, CA 3 $1,235,000 $411,667 $8,248 3.41%
REDDING, CA 3 $1,055,000 $351,667 $5,737 3.25%
VISALIA, CA 2 $950,000 $475,000 $33,515 3.31%
TWIN FALLS, ID 4 $910,000 $227,500 $5,398 3.13%
LAKE HAVASU CITY-KINGMAN, AZ 4 $860,000 $215,000 $5,588 3.28%
TUCSON, AZ 4 $650,000 $162,500 $3,005 3.34%
FLAGSTAFF, AZ 1 $385,000 $385,000 $5,262 2.99%
SIERRA VISTA-DOUGLAS, AZ 2 $310,000 $155,000 $4,943 2.93%
YUMA, AZ 2 $280,000 $140,000 $7,647 3.38%
CASPER, WY 1 $245,000 $245,000 $3,842 3.50%
POCATELLO, ID 1 $125,000 $125,000 $4,721 4.13%

Evergreen Moneysource Mortgage Company's top markets include Seattle, Tacoma, Las Vegas, Portland, and Bremerton among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 10,797 $3,513,845,000 $325,446
2.5-3% 5,100 $1,644,430,000 $322,437
4-5% 1,160 $305,180,000 $263,086
<2.5% 366 $76,870,000 $210,027
5-6% 158 $54,850,000 $347,152
6-7% 6 $2,660,000 $443,333
7-8% 5 $65,000 $13,000
Over 8% 1 $115,000 $115,000

During 2020, Evergreen Moneysource Mortgage Company's average interest rate was 3.41%, while their most frequently originated rate bucket was 3-4%, with 10,797 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 10,610 $3,116,700,000 $293,751 $6,617 3.37%
$400k-600k 3,314 $1,556,420,000 $469,650 $7,814 3.34%
$100k-200k 2,670 $430,690,000 $161,307 $4,764 3.37%
$600k-1MM 577 $408,575,000 $708,102 $10,253 3.42%
$100,000 or less 364 $12,220,000 $33,571 $3,109 3.28%
$1MM+ 58 $73,410,000 $1,265,690 $14,796 3.36%

2020 saw Evergreen Moneysource Mortgage Company place emphasis on $200k-400k loans with 10,610 originations, totaling $3,116,700,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 4,323 $1,116,105,000 $258,178 $6,539 3.35%
$100k-150k 4,060 $1,441,690,000 $355,096 $6,912 3.39%
$75k-100k 3,699 $1,127,305,000 $304,759 $6,960 3.37%
$150k-250k 2,339 $995,605,000 $425,654 $7,071 3.39%
$50k or less 1,904 $358,780,000 $188,435 $5,498 3.34%
$250k+ 716 $370,920,000 $518,045 $7,558 3.40%

Evergreen Moneysource Mortgage Company lent most frequently to those with incomes in the $50k-75k range, with 4,323 originations. The second most popular income band? $100k-150k, with 4,060 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 3,338 $1,036,330,000 $310,464 $5,777 3.29%
30-36% 3,030 $981,690,000 $323,990 $6,387 3.38%
<20% 993 $305,365,000 $307,518 $5,336 3.21%
50-60% 939 $298,845,000 $318,259 $11,221 3.33%
44% 921 $285,125,000 $309,582 $6,818 3.43%
43% 782 $243,030,000 $310,780 $6,657 3.46%
41% 770 $249,720,000 $324,312 $6,797 3.40%
42% 760 $250,100,000 $329,079 $6,948 3.44%
40% 715 $234,955,000 $328,608 $6,944 3.44%
39% 629 $196,875,000 $312,997 $6,907 3.44%
38% 621 $201,565,000 $324,581 $6,602 3.44%
37% 599 $196,225,000 $327,588 $6,910 3.44%
36% 598 $188,720,000 $315,585 $6,833 3.37%
49% 579 $182,015,000 $314,361 $7,181 3.39%
45% 524 $167,560,000 $319,771 $7,023 3.44%
48% 446 $142,490,000 $319,484 $7,315 3.35%
47% 438 $136,580,000 $311,826 $6,801 3.36%
46% 436 $141,190,000 $323,830 $7,562 3.39%
>60% 50 $18,240,000 $364,800 $10,062 3.51%

Evergreen Moneysource Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 3,338 originations. The next most common DTI ratio? 30-36%, with 3,030 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 14,291 $4,481,065,000 $313,559 $6,637 3.37%
Not provided 1,943 $669,185,000 $344,408 $6,850 3.34%
Asian 628 $217,030,000 $345,589 $7,091 3.37%
Black 464 $152,140,000 $327,888 $7,468 3.41%
American Indian 197 $56,315,000 $285,863 $7,470 3.39%
Native Hawaiian 68 $21,550,000 $316,912 $7,865 3.38%
Other Pacific Islander 1 $505,000 $505,000 $0 3.63%
Korean 1 $225,000 $225,000 $3,756 3.38%

Approval Rates

Total approvals of all applications
97.21%

Evergreen Moneysource Mortgage Company 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
74.63%

Evergreen Moneysource Mortgage Company has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 17,593 $5,598,015,000 $318,196

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 813 $194,645,000 $239,416
Single Family (1-4 Units):Site-Built 16,780 $5,403,370,000 $322,013

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 680 $143,430,000 $210,926 $4,384 3.15%
40-60% 2,598 $743,090,000 $286,024 $5,039 3.21%
60-80% 5,773 $1,905,305,000 $330,037 $6,088 3.43%
80-100% 7,908 $2,661,300,000 $336,533 $7,713 3.40%
Over 100% 338 $130,330,000 $385,592 $16,170 3.25%
Under 20% 279 $8,375,000 $30,018 $2,266 3.21%