Evergreen Mortgage Rates, Fees & Info
Portland, MELEI: 54930064FQE21RHEG647
Tax ID: 01-0216328
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Mortgage Data
Review & Overview
Evergreen is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Evergreen has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Lewiston, Augusta, and Boston among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Evergreen has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Evergreen 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.72% | 4/5/25 |
| 30 Year Conventional Purchase | 6.93% | 4/5/25 |
| 30 Year Conventional Refi | 6.06% | 4/5/25 |
| 30 Year Cash-out Refi | 6.78% | 4/5/25 |
| 15 Year Conventional Purchase | 7.10% | 4/5/25 |
| 15 Year Conventional Refi | 7.74% | 4/5/25 |
| 15 Year Cash-out Refi | 7.74% | 4/5/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Evergreen Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
213Origination Dollar Volume (All Markets)
$30,775,000Awards
EVERGREEN - 2024
EVERGREEN is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Evergreen's average 30 year fixed mortgage rate was
6.21%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.34%.
Relative Fees (Closing Costs)
Evergreen's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,769.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 185 | $25,615,000 | $138,459 | $1,143 | 7.54% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 11 | $1,805,000 | $164,091 | $1,025 | 7.50% |
| Outside of Metro Areas | 12 | $1,700,000 | $141,667 | $1,492 | 7.94% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $2,578 | 6.03% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $0 | 7.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against EVERGREEN based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 70
Similarity Rank: 136
Similarity Rank: 145
Similarity Rank: 210
Similarity Rank: 232
Similarity Rank: 280
Similarity Rank: 324
Similarity Rank: 525
Similarity Rank: 594
Similarity Rank: 700
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 206 | $29,850,000 | $144,903 | $1,188 | 7.42% |
| HELOC | 7 | $925,000 | $132,143 | n/a | 10.89% |
For 2024, Evergreen's most frequently originated type of loan was Conventional, with 206 originations. Their 2nd most popular type was HELOC, with 7 originations.
Loan Reason
For 2024, Evergreen's most frequently cited loan purpose was Cash Out Refi, with 58 originations. The 2nd most popular reason was Home Improvement, with 54 originations.
Loan Duration/Length
For 2024, Evergreen's most frequently cited loan duration was 10 Year, with 67 originations. The 2nd most popular length was 15 Year, with 51 originations.
Origination Fees/Closing Costs
Evergreen's average total fees were $4,769, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 134 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 87 | $12,465,000 | $143,276 |
| Over 8% | 58 | $5,320,000 | $91,724 |
| 7-8% | 54 | $8,760,000 | $162,222 |
| 4-5% | 10 | $2,760,000 | $276,000 |
| 5-6% | 4 | $1,470,000 | $367,500 |
During 2024, Evergreen's average interest rate for loans was 6.21%, while their most frequently originated rate bucket for loans was 6-7%, with 87 originations.
Loan Sizing
2024 saw Evergreen place emphasis on $100,000 or less loans with 122 originations, totaling $5,240,000 in origination value.
Applicant Income
Evergreen lent most frequently to those with incomes in the $100k-150k range, with 55 originations. The second most popular income band? $50k-75k, with 44 originations.
Applicant Debt to Income Ratio
Evergreen lent most frequently to those with DTI ratios of 20-30%, with 33 originations. The next most common DTI ratio? 30-36%, with 32 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.42%
Evergreen has a below average approval rate.
Pick Rate
Approvals leading to origination77.46%
Evergreen has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 213 | $30,775,000 | $144,484 |