Evergreen Mortgage Rates, Fees & Info

Portland, ME

LEI: 54930064FQE21RHEG647

Tax ID: 01-0216328

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

Review & Overview

Evergreen is a smaller mortgage company specializing in Cash Out Refi, Home Purchase, and Refi loans. Evergreen has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Lewiston, Augusta, and Bangor 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.07%	11/17/24
30 Year Conventional Refi	6.19%	11/17/24
30 Year Cash-out Refi	5.27%	11/17/24
15 Year Conventional Purchase	4.91%	11/17/24
15 Year Conventional Refi	6.08%	11/17/24
15 Year Cash-out Refi	6.08%	11/17/24
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

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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

256

Origination Dollar Volume (All Markets)

$23,900,000

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)	221	$20,685,000	$93,597	$1,208	4.47%
Outside of Metro Areas	28	$2,250,000	$80,357	$855	4.65%
LEWISTON-AUBURN, ME (FHA\|USDA\|VA)	4	$510,000	$127,500	$1,640	4.90%
Augusta-Waterville, ME (FHA\|USDA\|VA)	2	$290,000	$145,000	$1,750	4.31%
BANGOR, ME (FHA\|USDA\|VA)	1	$165,000	$165,000	$3,866	4.88%

Evergreen's top markets include Portland, Lewiston, Augusta, and Bangor 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: 70

CASCO
Similarity Rank: 90

CUMBERLAND COUNTY
Similarity Rank: 120

Maine Savings Federal Credit Union
Similarity Rank: 160

York County Federal Credit Union
Similarity Rank: 190

ATLANTIC REGIONAL FEDERAL CREDIT UNION
Similarity Rank: 235

FIVE COUNTY
Similarity Rank: 248

Bath Savings Institution
Similarity Rank: 288

NORTHEAST CREDIT UNION
Similarity Rank: 315

TOWN & COUNTRY FEDERAL CREDIT UNION
Similarity Rank: 325

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	255	$23,585,000	$92,490	$1,189	4.50%
HELOC	1	$315,000	$315,000	n/a	4.63%

For 2018, Evergreen's most frequently originated type of loan was Conventional, with 255 originations. Their 2nd most popular type was HELOC, with 1 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Cash Out Refi	65	$5,235,000	$80,538	$207	4.53%
Home Improvement	58	$1,900,000	$32,759	$106	4.38%
Other	49	$2,435,000	$49,694	$164	4.47%
Home Purchase	42	$7,840,000	$186,667	$4,275	4.68%
Refi	42	$6,490,000	$154,524	$2,393	4.46%

For 2018, Evergreen's most frequently cited loan purpose was Cash Out Refi, with 65 originations. The 2nd most popular reason was Home Improvement, with 58 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
15 Year	79	$8,485,000	$107,405	$619	4.71%
10 Year	78	$3,670,000	$47,051	$141	4.51%
30 Year	50	$9,830,000	$196,600	$4,713	4.82%
5 Year	44	$1,410,000	$32,045	$32	3.72%
20 Year	2	$360,000	$180,000	$4,389	5.00%
Other	2	$140,000	$70,000	$475	4.31%
3 Year	1	$5,000	$5,000	$0	3.49%

For 2018, Evergreen's most frequently cited loan duration was 15 Year, with 79 originations. The 2nd most popular length was 10 Year, with 78 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	190	$11,310,000	$59,526
$1k-2k	34	$5,790,000	$170,294
$2k-3k	14	$2,390,000	$170,714
$4k-5k	6	$1,620,000	$270,000
$3k-4k	5	$945,000	$189,000
$5k+	4	$1,300,000	$325,000

Evergreen's average total fees were $4,713, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 190 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	197	$19,005,000	$96,472
3-4%	50	$2,800,000	$56,000
5-6%	9	$2,095,000	$232,778

During 2018, Evergreen's average interest rate for loans was 4.82%, while their most frequently originated rate bucket for loans was 4-5%, with 197 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	160	$6,370,000	$39,813	$183	4.41%
$100k-200k	66	$9,440,000	$143,030	$2,022	4.63%
$200k-400k	28	$7,160,000	$255,714	$4,416	4.66%
$400k-600k	2	$930,000	$465,000	$10,584	5.00%

2018 saw Evergreen place emphasis on $100,000 or less loans with 160 originations, totaling $6,370,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	72	$6,910,000	$95,972	$1,343	4.58%
$50k or less	57	$3,525,000	$61,842	$625	4.53%
$75k-100k	52	$5,020,000	$96,538	$1,545	4.36%
$100k-150k	48	$4,680,000	$97,500	$1,053	4.51%
$150k-250k	19	$2,335,000	$122,895	$1,326	4.33%
$250k+	6	$1,280,000	$213,333	$2,467	4.52%

Evergreen lent most frequently to those with incomes in the $50k-75k range, with 72 originations. The second most popular income band? $50k or less, with 57 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
30-36%	55	$6,365,000	$115,727	$1,874	4.54%
20-30%	54	$4,160,000	$77,037	$1,108	4.31%
50-60%	23	$1,825,000	$79,348	$217	4.57%
<20%	18	$1,300,000	$72,222	$616	4.54%
43%	10	$780,000	$78,000	$812	4.51%
44%	9	$465,000	$51,667	$937	4.55%
39%	9	$605,000	$67,222	$421	4.62%
>60%	8	$590,000	$73,750	$59	4.49%
37%	8	$810,000	$101,250	$1,354	4.49%
40%	8	$1,420,000	$177,500	$2,678	4.66%
49%	7	$1,125,000	$160,714	$2,455	4.64%
38%	7	$835,000	$119,286	$1,056	4.58%
48%	7	$435,000	$62,143	$1,646	4.55%
36%	6	$530,000	$88,333	$573	4.37%
41%	6	$510,000	$85,000	$1,262	4.64%
47%	6	$360,000	$60,000	$95	4.67%
42%	6	$800,000	$133,333	$2,250	4.75%
46%	5	$375,000	$75,000	$679	4.17%
45%	3	$515,000	$171,667	$2,409	4.21%

Evergreen lent most frequently to those with DTI ratios of 30-36%, with 55 originations. The next most common DTI ratio? 20-30%, with 54 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	236	$22,030,000	$93,347	$1,195	4.49%
Not provided	12	$980,000	$81,667	$599	4.39%
Black	3	$415,000	$138,333	$3,950	5.13%
Asian	3	$345,000	$115,000	$1,150	4.37%
Not applicable	1	$95,000	$95,000	$0	4.99%
Native Hawaiian or Islander	1	$35,000	$35,000	$0	4.99%

Approval Rates

Total approvals of all applications
89.85%

Evergreen has an average approval rate.

Pick Rate

Approvals leading to origination
82.42%

Evergreen has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	256	$23,900,000	$93,359

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Site-Built	256	$23,900,000	$93,359

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	41	$3,265,000	$79,634	$352	4.50%
40-60%	28	$3,650,000	$130,357	$2,080	4.66%
60-80%	30	$5,810,000	$193,667	$3,272	4.72%
80-100%	28	$5,820,000	$207,857	$4,582	4.69%
Under 20%	107	$3,655,000	$34,159	$93	4.42%

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
Evergreen Moneysource Mortgage Company	FHA mortgage	Closing on a mortgage	2	50.0%
Evergreen Moneysource Mortgage Company	FHA mortgage	Struggling to pay mortgage	1	25.0%
Evergreen Moneysource Mortgage Company	VA mortgage	Struggling to pay mortgage	1	25.0%