Evertrust Bank Mortgage Rates, Fees & Info
City of Industry, CALEI: 54930061WAHBLUL0RW61
Tax ID: 95-4500914
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Mortgage Data
Review & Overview
Evertrust Bank is a smaller bank specializing in Home Purchase and Refi loans. Evertrust Bank has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, and San Diego among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Evertrust Bank 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.
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Originations
11Origination Dollar Volume (All Markets)
$25,835,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 8 | $22,660,000 | $2,832,500 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $1,670,000 | $835,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 11 | $25,835,000 | $2,348,636 | $0 | 0.00% |
For 2023, Evertrust Bank's most frequently originated type of loan was Conventional, with 11 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 6 | $13,710,000 | $2,285,000 | $0 | 0.00% |
| Cash Out Refi | 3 | $4,385,000 | $1,461,667 | $0 | 0.00% |
| Refi | 2 | $7,740,000 | $3,870,000 | $0 | 0.00% |
For 2023, Evertrust Bank's most frequently cited loan purpose was Home Purchase, with 6 originations. The 2nd most popular reason was Cash Out Refi, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 11 | $25,835,000 | $2,348,636 | $0 | 0.00% |
For 2023, Evertrust Bank's most frequently cited loan duration was Other, with 11 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 6 | $22,340,000 | $3,723,333 | $0 | 0.00% |
| $600k-1MM | 4 | $3,030,000 | $757,500 | $0 | 0.00% |
| $400k-600k | 1 | $465,000 | $465,000 | $0 | 0.00% |
2023 saw Evertrust Bank place emphasis on $1MM+ loans with 6 originations, totaling $22,340,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 2 | $1,070,000 | $535,000 | $0 | 0.00% |
| $250k+ | 1 | $815,000 | $815,000 | $0 | 0.00% |
Evertrust Bank lent most frequently to those with incomes in the $150k-250k range, with 2 originations. The second most popular income band? $250k+, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 11 | $25,835,000 | $2,348,636 | $0 | 0.00% |
Evertrust Bank lent most frequently to those with DTI ratios of Exempt%, with 11 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 8 | $23,950,000 | $2,993,750 | $0 | 0.00% |
| Asian | 3 | $1,885,000 | $628,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Evertrust Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination90.91%
Evertrust Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 11 | $25,835,000 | $2,348,636 |