Evergreen Mortgage Rates, Fees & Info

Portland, ME

LEI: 54930064FQE21RHEG647

Tax ID: 01-0216328

5 stars - Updated: 10/29/24 - out of 5 stars, based on 18 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Evergreen is a smaller mortgage company specializing in Home Purchase loans. Evergreen has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Lewiston, and Augusta among others. We have data for 4 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 an average 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 relatively high 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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.07% 10/29/24
30 Year Conventional Refi 6.19% 10/29/24
30 Year Cash-out Refi 5.27% 10/29/24
15 Year Conventional Purchase 4.91% 10/29/24
15 Year Conventional Refi 6.08% 10/29/24
15 Year Cash-out Refi 6.08% 10/29/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Evergreen. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

314

Origination Dollar Volume (All Markets)

$37,970,000

Relative Rate

Evergreen's average 30 year fixed mortgage rate was 6.75%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.27%.

Relative Fees (Closing Costs)

Evergreen's average total fees/closing costs for a 30 year fixed rate mortgage were $4,955.

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 $9,089.

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) 259 $22,685,000 $87,587 $656 6.60%
Outside of Metro Areas 42 $13,390,000 $318,810 $2,250 7.49%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 9 $1,195,000 $132,778 $1,183 6.85%
Augusta-Waterville, ME (FHA|USDA|VA) 4 $700,000 $175,000 $1,864 6.97%
Evergreen's top markets include Portland, Lewiston, and Augusta among others.

Their top states include:
  • Maine (FHA|USDA|VA)
  • 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.

    Saco Valley Credit Union
    Similarity Rank: 64
    Holy Rosary Regional Credit Union
    Similarity Rank: 104
    Bath Savings Institution
    Similarity Rank: 115
    Norway Savings Bank
    Similarity Rank: 126
    CUMBERLAND COUNTY
    Similarity Rank: 200
    EVERGREEN
    Similarity Rank: 204
    Androscoggin Savings Bank
    Similarity Rank: 235
    University Credit Union
    Similarity Rank: 370
    CUSO MORTGAGE CORPORATION
    Similarity Rank: 372

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 307 $36,905,000 $120,212 $762 6.66%
    HELOC 7 $1,065,000 $152,143 n/a 9.89%

    For 2023, Evergreen's most frequently originated type of loan was Conventional, with 307 originations. Their 2nd most popular type was HELOC, with 7 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 107 $5,795,000 $54,159 $14 6.56%
    Other 76 $4,170,000 $54,868 $16 6.57%
    Cash Out Refi 64 $7,280,000 $113,750 $25 6.96%
    Home Purchase 40 $15,850,000 $396,250 $5,162 6.80%
    Refi 23 $3,745,000 $162,826 $2,655 6.83%
    NA 4 $1,130,000 $282,500 $0 9.56%

    For 2023, Evergreen's most frequently cited loan purpose was Home Improvement, with 107 originations. The 2nd most popular reason was Other, with 76 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 103 $13,235,000 $128,495 $54 6.61%
    15 Year 97 $7,005,000 $72,216 $27 7.09%
    5 Year 61 $2,445,000 $40,082 $2 5.87%
    30 Year 41 $12,905,000 $314,756 $4,955 6.75%
    Other 9 $1,785,000 $198,333 $0 9.65%
    20 Year 2 $250,000 $125,000 $3,319 6.94%
    1 Year 1 $345,000 $345,000 $0 10.00%

    For 2023, Evergreen's most frequently cited loan duration was 10 Year, with 103 originations. The 2nd most popular length was 15 Year, with 97 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 241 $13,105,000 $54,378
    $1k-2k 24 $7,020,000 $292,500
    $2k-3k 10 $2,950,000 $295,000
    $5k+ 4 $1,670,000 $417,500
    $3k-4k 3 $915,000 $305,000
    $4k-5k 3 $795,000 $265,000

    Evergreen's average total fees were $4,955, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 241 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 213 $24,375,000 $114,437
    5-6% 57 $3,755,000 $65,877
    7-8% 33 $8,345,000 $252,879
    Over 8% 10 $1,300,000 $130,000
    4-5% 1 $195,000 $195,000

    During 2023, Evergreen's average interest rate for loans was 6.75%, while their most frequently originated rate bucket for loans was 6-7%, with 213 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 219 $9,695,000 $44,269 $63 6.61%
    $100k-200k 39 $5,245,000 $134,487 $1,179 7.16%
    $200k-400k 33 $9,645,000 $292,273 $4,046 6.93%
    $400k-600k 16 $7,940,000 $496,250 $6,266 6.94%
    $600k-1MM 7 $5,445,000 $777,857 $5,003 6.89%

    2023 saw Evergreen place emphasis on $100,000 or less loans with 219 originations, totaling $9,695,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 74 $7,080,000 $95,676 $718 6.60%
    $50k-75k 73 $3,865,000 $52,945 $309 6.68%
    $75k-100k 60 $4,880,000 $81,333 $719 6.57%
    $150k-250k 35 $5,565,000 $159,000 $1,403 6.64%
    $50k or less 30 $1,690,000 $56,333 $725 6.63%
    $250k+ 10 $3,300,000 $330,000 $2,765 6.76%

    Evergreen lent most frequently to those with incomes in the $100k-150k range, with 74 originations. The second most popular income band? $50k-75k, with 73 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 53 $4,085,000 $77,075 $464 6.63%
    30-36% 47 $3,695,000 $78,617 $552 6.46%
    50-60% 35 $2,005,000 $57,286 $24 6.70%
    36% 13 $935,000 $71,923 $977 6.39%
    47% 13 $1,195,000 $91,923 $826 6.48%
    <20% 13 $1,815,000 $139,615 $1,457 6.45%
    38% 11 $1,085,000 $98,636 $753 6.51%
    46% 11 $1,735,000 $157,727 $1,757 6.76%
    40% 10 $580,000 $58,000 $38 6.72%
    44% 10 $1,220,000 $122,000 $1,362 7.13%
    37% 10 $1,230,000 $123,000 $1,286 6.70%
    42% 9 $575,000 $63,889 $718 6.74%
    41% 9 $625,000 $69,444 $520 6.72%
    45% 8 $1,500,000 $187,500 $1,029 6.75%
    49% 8 $1,020,000 $127,500 $1,143 6.70%
    39% 8 $1,420,000 $177,500 $3,305 6.61%
    43% 7 $565,000 $80,714 $623 6.57%
    48% 6 $1,010,000 $168,333 $1,594 6.91%
    >60% 4 $160,000 $40,000 $0 6.87%

    Evergreen lent most frequently to those with DTI ratios of 20-30%, with 53 originations. The next most common DTI ratio? 30-36%, with 47 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 260 $25,010,000 $96,192 $823 6.63%
    Not applicable 26 $10,900,000 $419,231 $0 7.88%
    Not provided 21 $1,015,000 $48,333 $4 6.58%
    Native Hawaiian or Islander 1 $435,000 $435,000 $4,038 7.13%
    Black 3 $375,000 $125,000 $172 6.83%
    Asian 3 $235,000 $78,333 $30 6.83%

    Approval Rates

    Total approvals of all applications
    78.42%

    Evergreen has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.34%

    Evergreen has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 314 $37,970,000 $120,924

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    314 $37,970,000 $120,924

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 33 $4,335,000 $131,364 $775 7.11%
    40-60% 15 $3,715,000 $247,667 $3,501 6.84%
    60-80% 24 $10,520,000 $438,333 $4,794 6.78%
    80-100% 15 $5,395,000 $359,667 $5,631 7.06%
    Over 100% 1 $555,000 $555,000 $0 6.50%
    Under 20% 220 $10,460,000 $47,545 $56 6.61%