Evertrust Bank Mortgage Rates, Fees & Info
City of Industry, CALEI: 54930061WAHBLUL0RW61
Tax ID: 95-4500914
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Evertrust Bank is a smaller bank specializing in Home Purchase loans. Evertrust Bank has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, San Jose, and San Francisco among others. We have data for 5 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 a below average pick rate when compared to similar lenders. Evertrust Bank is typically a low 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
37Origination Dollar Volume (All Markets)
$124,825,000Top 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) | 32 | $117,620,000 | $3,675,625 | $3,308 | 5.29% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $2,965,000 | $2,965,000 | $0 | 5.50% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $1,765,000 | $1,765,000 | $0 | 5.50% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,430,000 | $715,000 | $0 | 5.50% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $1,045,000 | $1,045,000 | $0 | 6.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 37 | $124,825,000 | $3,373,649 | $3,308 | 5.33% |
For 2018, Evertrust Bank's most frequently originated type of loan was Conventional, with 37 originations.
Loan Reason
For 2018, Evertrust Bank's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 5 Year | 31 | $122,375,000 | $3,947,581 | $0 | 5.44% |
| 30 Year | 6 | $2,450,000 | $408,333 | $3,308 | 4.77% |
For 2018, Evertrust Bank's most frequently cited loan duration was 5 Year, with 31 originations. The 2nd most popular length was 30 Year, with 6 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 3 | $1,145,000 | $381,667 |
| $1k-2k | 1 | $585,000 | $585,000 |
Evertrust Bank's average total fees were $3,308, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 32 | $111,310,000 | $3,478,438 |
| 4-5% | 5 | $13,515,000 | $2,703,000 |
During 2018, Evertrust Bank's average interest rate for loans was 4.77%, while their most frequently originated rate bucket for loans was 5-6%, with 32 originations.
Loan Sizing
2018 saw Evertrust Bank place emphasis on $1MM+ loans with 29 originations, totaling $120,945,000 in origination value.
Applicant Income
Evertrust Bank lent most frequently to those with incomes in the $150k-250k range, with 2 originations. The second most popular income band? $100k-150k, with 1 originations.
Applicant Debt to Income Ratio
Evertrust Bank lent most frequently to those with DTI ratios of <20%, with 2 originations. The next most common DTI ratio? 30-36%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.45%
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 origination86.49%
Evertrust Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 2 | $690,000 | $345,000 |
| 4693.75 | 1 | $585,000 | $585,000 |
| NA | 34 | $123,550,000 | $3,633,824 |