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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Evergreen is a smaller mortgage company specializing in Refi and Home Purchase loans. Evergreen has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Lewiston, Bangor, and Augusta 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 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 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% 11/21/24
    30 Year Conventional Refi 6.19% 11/21/24
    30 Year Cash-out Refi 5.27% 11/21/24
    15 Year Conventional Purchase 4.91% 11/21/24
    15 Year Conventional Refi 6.08% 11/21/24
    15 Year Cash-out Refi 6.08% 11/21/24
    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

    297

    Origination Dollar Volume (All Markets)

    $39,285,000

    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) 264 $34,880,000 $132,121 $1,719 4.66%
    Outside of Metro Areas 20 $2,950,000 $147,500 $1,675 5.30%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 11 $1,145,000 $104,091 $1,636 4.33%
    BANGOR, ME (FHA|USDA|VA) 1 $165,000 $165,000 $4,064 4.25%
    Augusta-Waterville, ME (FHA|USDA|VA) 1 $145,000 $145,000 $3,492 4.13%
    Evergreen's top markets include Portland, Lewiston, Bangor, 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.

    Piscataqua Savings Bank
    Similarity Rank: 104
    Saco Valley Credit Union
    Similarity Rank: 176
    CUSO MORTGAGE CORPORATION
    Similarity Rank: 195
    Maine Community Bank
    Similarity Rank: 224
    TOWN & COUNTRY FEDERAL CREDIT UNION
    Similarity Rank: 335
    Bath Savings Institution
    Similarity Rank: 340
    FIVE COUNTY
    Similarity Rank: 350
    ATLANTIC REGIONAL FEDERAL CREDIT UNION
    Similarity Rank: 354
    People's United Bank
    Similarity Rank: 390
    University Credit Union
    Similarity Rank: 400

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 290 $38,080,000 $131,310 $1,729 4.60%
    HELOC 7 $1,205,000 $172,143 n/a 8.21%

    For 2022, Evergreen's most frequently originated type of loan was Conventional, with 290 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 87 $4,355,000 $50,057 $107 4.73%
    Refi 60 $13,330,000 $222,167 $4,173 4.43%
    Cash Out Refi 60 $7,600,000 $126,667 $720 4.93%
    Other 53 $2,785,000 $52,547 $117 4.55%
    Home Purchase 37 $11,215,000 $303,108 $5,810 4.76%

    For 2022, Evergreen's most frequently cited loan purpose was Home Improvement, with 87 originations. The 2nd most popular reason was Refi, with 60 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 92 $7,870,000 $85,543 $95 4.65%
    15 Year 84 $7,830,000 $93,214 $387 4.82%
    30 Year 73 $19,805,000 $271,301 $5,578 4.48%
    5 Year 33 $995,000 $30,152 $21 4.20%
    Other 8 $1,240,000 $155,000 $0 7.88%
    20 Year 7 $1,545,000 $220,714 $4,986 4.20%

    For 2022, Evergreen's most frequently cited loan duration was 10 Year, with 92 originations. The 2nd most popular length was 15 Year, with 84 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 192 $11,300,000 $58,854
    $1k-2k 31 $7,665,000 $247,258
    $2k-3k 18 $3,540,000 $196,667
    $3k-4k 15 $4,175,000 $278,333
    $5k+ 14 $5,370,000 $383,571
    $4k-5k 7 $1,835,000 $262,143

    Evergreen's average total fees were $5,578, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 192 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 130 $16,810,000 $129,308
    3-4% 74 $8,150,000 $110,135
    5-6% 59 $9,895,000 $167,712
    6-7% 17 $2,095,000 $123,235
    2.5-3% 9 $1,045,000 $116,111
    7-8% 5 $935,000 $187,000
    Over 8% 3 $355,000 $118,333

    During 2022, Evergreen's average interest rate for loans was 4.48%, while their most frequently originated rate bucket for loans was 4-5%, with 130 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 169 $7,675,000 $45,414 $163 4.66%
    $200k-400k 60 $16,960,000 $282,667 $5,269 4.66%
    $100k-200k 55 $8,215,000 $149,364 $2,068 4.70%
    $400k-600k 10 $4,460,000 $446,000 $8,041 5.19%
    $600k-1MM 3 $1,975,000 $658,333 $10,555 4.58%

    2022 saw Evergreen place emphasis on $100,000 or less loans with 169 originations, totaling $7,675,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 70 $9,560,000 $136,571 $1,976 4.53%
    $75k-100k 61 $6,955,000 $114,016 $1,671 4.55%
    $50k-75k 58 $5,240,000 $90,345 $1,381 4.50%
    $150k-250k 42 $5,830,000 $138,810 $1,499 4.85%
    $50k or less 29 $2,015,000 $69,483 $1,061 4.23%
    $250k+ 11 $3,325,000 $302,273 $4,352 4.78%

    Evergreen lent most frequently to those with incomes in the $100k-150k range, with 70 originations. The second most popular income band? $75k-100k, with 61 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 65 $8,685,000 $133,615 $2,059 4.41%
    30-36% 55 $7,305,000 $132,818 $2,148 4.76%
    50-60% 27 $2,025,000 $75,000 $227 4.58%
    <20% 15 $1,645,000 $109,667 $1,530 4.67%
    44% 15 $2,235,000 $149,000 $2,166 4.24%
    40% 11 $885,000 $80,455 $1,009 4.76%
    37% 11 $1,095,000 $99,545 $1,981 4.79%
    39% 10 $1,660,000 $166,000 $3,486 4.46%
    41% 9 $1,545,000 $171,667 $2,376 4.28%
    36% 9 $855,000 $95,000 $1,152 4.19%
    38% 8 $1,150,000 $143,750 $1,041 4.29%
    45% 8 $1,240,000 $155,000 $1,534 4.58%
    46% 8 $510,000 $63,750 $71 4.90%
    48% 6 $490,000 $81,667 $1,451 4.66%
    42% 5 $745,000 $149,000 $1,939 5.18%
    47% 5 $595,000 $119,000 $753 4.22%
    43% 4 $400,000 $100,000 $1,822 4.50%
    49% 3 $295,000 $98,333 $1,996 5.13%
    >60% 3 $525,000 $175,000 $3,031 4.16%

    Evergreen lent most frequently to those with DTI ratios of 20-30%, with 65 originations. The next most common DTI ratio? 30-36%, with 55 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 263 $33,405,000 $127,015 $1,801 4.57%
    Not applicable 16 $4,240,000 $265,000 $0 6.34%
    Not provided 13 $795,000 $61,154 $135 4.67%
    Black 3 $725,000 $241,667 $3,554 4.96%
    American Indian 1 $75,000 $75,000 $0 5.25%
    Asian 1 $45,000 $45,000 $0 5.75%

    Approval Rates

    Total approvals of all applications
    80.38%

    Evergreen has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.42%

    Evergreen has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 297 $39,285,000 $132,273

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    297 $39,285,000 $132,273

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 46 $5,460,000 $118,696 $846 4.75%
    40-60% 32 $7,400,000 $231,250 $4,208 4.26%
    60-80% 40 $11,420,000 $285,500 $5,827 5.02%
    80-100% 23 $7,455,000 $324,130 $6,649 4.77%
    Under 20% 155 $7,135,000 $46,032 $115 4.64%