Evergreen Moneysource Mortgage Company Rates, Fees & Info
OLYMPIA, WALEI: 54930060G4MDPWHISD89
Tax ID: 91-1374387
2020 Data | 2019 Data | 2018 Data
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Mortgage 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
17,593Origination Dollar Volume (All Markets)
$5,598,015,000Relative 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 applications97.21%
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 origination74.63%
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% |