Evansville Teachers Mortgage Rates, Fees & Info

Evansville, IN

LEI: 54930072OCHTUJOZQB56

Tax ID: 35-0885388

5 stars - out of 5 stars, based on 100 reviews

2020 Data | 2019 Data | 2018 Data


Overview

Evansville Teachers is a small mortgage company specializing in Refi and Home Purchase loans. Evansville Teachers has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Evansville, Louisville/jefferson County, Owensboro, Nashville, and Jackson among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Evansville Teachers is typically a low fee lendor.


Originations

9,994

Origination Dollar Volume (All Markets)

$2,202,500,000
Show all (35) awards

Relative Rate

Evansville Teachers's average 30 year fixed rate mortgage of loans were 3.06%.

The 2020 average 30 year fixed rate mortgage across all markets of loans were 3.36%.

This yields a difference of -0.3%.

Relative Fees

Evansville Teachers's average total fees for a 30 year fixed rate mortgage are $2,997.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
EVANSVILLE, IN-KY (FHA|USDA|VA) 3,645 $591,955,000 $162,402 $1,680 3.12%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 952 $273,310,000 $287,090 $2,734 3.23%
Outside of Metro Areas 1,697 $265,215,000 $156,285 $2,002 3.17%
OWENSBORO, KY (FHA|USDA|VA) 1,389 $236,615,000 $170,349 $2,294 3.14%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 646 $236,260,000 $365,728 $3,324 3.02%
JACKSON, MS (FHA|USDA|VA) 225 $63,145,000 $280,644 $3,254 3.06%
BOWLING GREEN, KY (FHA|USDA|VA) 204 $50,510,000 $247,598 $2,583 3.03%
PITTSBURGH, PA (FHA|USDA|VA) 160 $32,960,000 $206,000 $4,277 3.10%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 101 $25,795,000 $255,396 $2,679 3.23%
LOS ANGELES-LONG BEACH-GLENDALE, CA (FHA|USDA|VA) 25 $24,655,000 $986,200 $4,671 2.78%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 103 $23,665,000 $229,757 $1,954 3.01%
ANAHEIM-SANTA ANA-IRVINE, CA (FHA|USDA|VA) 20 $20,370,000 $1,018,500 $4,050 2.74%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 19 $17,385,000 $915,000 $7,065 2.89%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 36 $14,080,000 $391,111 $3,215 3.09%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 17 $12,065,000 $709,706 $3,216 2.76%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 19 $10,435,000 $549,211 $5,085 2.95%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 7 $9,935,000 $1,419,286 $5,461 2.75%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 50 $9,570,000 $191,400 $4,169 3.25%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV (FHA|USDA|VA) 14 $9,530,000 $680,714 $3,962 2.76%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 13 $9,125,000 $701,923 $4,827 2.97%
ST. LOUIS, MO-IL (FHA|USDA|VA) 21 $8,785,000 $418,333 $2,325 3.21%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 27 $8,395,000 $310,926 $2,825 3.24%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 18 $7,960,000 $442,222 $3,022 2.98%
CHICAGO-NAPERVILLE-EVANSTON, IL (FHA|USDA|VA) 11 $7,365,000 $669,545 $3,017 2.84%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 10 $7,290,000 $729,000 $4,038 2.90%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ (FHA|USDA|VA) 10 $7,000,000 $700,000 $4,727 2.83%
OAKLAND-BERKELEY-LIVERMORE, CA (FHA|USDA|VA) 8 $6,750,000 $843,750 $3,877 2.70%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 11 $6,615,000 $601,364 $4,282 2.92%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 10 $6,270,000 $627,000 $3,086 3.02%
DALLAS-PLANO-IRVING, TX (FHA|USDA|VA) 7 $5,675,000 $810,714 $6,804 2.79%
SEATTLE-BELLEVUE-KENT, WA (FHA|USDA|VA) 9 $5,665,000 $629,444 $3,521 2.97%
RALEIGH-CARY, NC (FHA|USDA|VA) 8 $5,420,000 $677,500 $3,306 2.86%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD (FHA|USDA|VA) 5 $5,415,000 $1,083,000 $6,443 2.68%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 14 $5,220,000 $372,857 $3,779 3.04%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 22 $4,760,000 $216,364 $3,758 3.17%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 9 $4,595,000 $510,556 $4,766 2.76%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 24 $4,550,000 $189,583 $3,853 3.40%
TERRE HAUTE, IN (FHA|USDA|VA) 32 $4,440,000 $138,750 $1,508 3.26%
PHILADELPHIA, PA (FHA|USDA|VA) 8 $4,430,000 $553,750 $4,341 3.17%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA (FHA|USDA|VA) 4 $4,230,000 $1,057,500 $3,833 2.59%
NEWARK, NJ-PA (FHA|USDA|VA) 5 $4,215,000 $843,000 $5,550 2.60%
MIAMI-MIAMI BEACH-KENDALL, FL (FHA|USDA|VA) 2 $4,060,000 $2,030,000 $7,903 3.00%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL (FHA|USDA|VA) 8 $3,870,000 $483,750 $4,937 3.64%
HUNTSVILLE, AL (FHA|USDA|VA) 10 $3,780,000 $378,000 $3,173 2.76%
BOSTON, MA (FHA|USDA|VA) 3 $3,695,000 $1,231,667 $5,971 2.79%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 5 $3,685,000 $737,000 $3,566 3.50%
KNOXVILLE, TN (FHA|USDA|VA) 10 $3,410,000 $341,000 $3,430 3.01%
SAN RAFAEL, CA (FHA|USDA|VA) 3 $3,385,000 $1,128,333 $4,365 2.63%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 12 $3,330,000 $277,500 $3,196 2.80%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 8 $3,270,000 $408,750 $2,980 2.97%
Outside of Metro Areas 10 $3,180,000 $318,000 $3,289 3.04%
RICHMOND, VA (FHA|USDA|VA) 7 $3,125,000 $446,429 $3,479 3.21%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $3,115,000 $623,000 $3,175 2.85%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 5 $3,095,000 $619,000 $3,349 2.68%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $2,830,000 $1,415,000 $6,471 2.94%
BLOOMINGTON, IN (FHA|USDA|VA) 13 $2,825,000 $217,308 $1,791 3.23%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA (FHA|USDA|VA) 5 $2,745,000 $549,000 $5,655 2.78%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 8 $2,570,000 $321,250 $3,370 3.26%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 7 $2,555,000 $365,000 $4,557 3.29%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL (FHA|USDA|VA) 5 $2,485,000 $497,000 $3,934 3.25%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $2,485,000 $828,333 $4,607 2.54%
JACKSONVILLE, FL (FHA|USDA|VA) 6 $2,370,000 $395,000 $3,727 2.90%
NORTH PORT-SARASOTA-BRADENTON, FL (FHA|USDA|VA) 5 $2,155,000 $431,000 $3,838 3.08%
MONTGOMERY, AL (FHA|USDA|VA) 6 $2,100,000 $350,000 $5,007 2.75%
HATTIESBURG, MS (FHA|USDA|VA) 11 $2,055,000 $186,818 $3,285 3.45%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $1,930,000 $965,000 $3,497 2.56%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 5 $1,905,000 $381,000 $3,322 2.73%
WARREN-TROY-FARMINGTON HILLS, MI (FHA|USDA|VA) 3 $1,715,000 $571,667 $3,763 2.67%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 5 $1,635,000 $327,000 $2,416 2.93%
NASSAU COUNTY-SUFFOLK COUNTY, NY (FHA|USDA|VA) 3 $1,635,000 $545,000 $5,461 3.08%
NEW BRUNSWICK-LAKEWOOD, NJ (FHA|USDA|VA) 2 $1,590,000 $795,000 $5,511 2.69%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $1,490,000 $372,500 $5,230 3.06%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $1,485,000 $495,000 $3,321 2.75%
COLUMBUS, OH (FHA|USDA|VA) 4 $1,470,000 $367,500 $3,417 2.75%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $1,430,000 $715,000 $2,880 2.81%
PANAMA CITY, FL (FHA|USDA|VA) 5 $1,395,000 $279,000 $3,711 3.35%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA (FHA|USDA|VA) 2 $1,390,000 $695,000 $5,127 2.63%
BATON ROUGE, LA (FHA|USDA|VA) 3 $1,315,000 $438,333 $3,965 2.75%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 6 $1,300,000 $216,667 $2,431 2.75%
GARY, IN (FHA|USDA|VA) 5 $1,245,000 $249,000 $2,560 2.80%
SALT LAKE CITY, UT (FHA|USDA|VA) 2 $1,220,000 $610,000 $4,050 2.63%
WINSTON-SALEM, NC (FHA|USDA|VA) 3 $1,215,000 $405,000 $3,361 2.79%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $1,205,000 $401,667 $3,416 2.71%
TULSA, OK (FHA|USDA|VA) 3 $1,185,000 $395,000 $4,096 2.83%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $1,170,000 $195,000 $3,097 3.13%
GREENVILLE, NC (FHA|USDA|VA) 4 $1,150,000 $287,500 $2,922 2.97%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $1,135,000 $378,333 $2,681 3.79%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $1,120,000 $560,000 $5,063 2.75%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $1,110,000 $555,000 $4,144 2.81%
PUNTA GORDA, FL (FHA|USDA|VA) 3 $1,055,000 $351,667 $8,789 2.96%
CARBONDALE-MARION, IL (FHA|USDA|VA) 9 $935,000 $103,889 $1,724 2.86%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $925,000 $308,333 $2,787 2.92%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $925,000 $308,333 $2,892 2.96%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 2 $880,000 $440,000 $3,941 2.75%
YORK-HANOVER, PA (FHA|USDA|VA) 4 $820,000 $205,000 $3,129 3.72%
FORT WORTH-ARLINGTON-GRAPEVINE, TX (FHA|USDA|VA) 1 $815,000 $815,000 $5,173 2.88%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 2 $810,000 $405,000 $3,929 2.63%
TUSCALOOSA, AL (FHA|USDA|VA) 4 $810,000 $202,500 $4,119 3.00%
COLUMBUS, GA-AL (FHA|USDA|VA) 3 $785,000 $261,667 $3,113 3.13%
MORRISTOWN, TN (FHA|USDA|VA) 3 $785,000 $261,667 $4,469 2.96%
FORT WAYNE, IN (FHA|USDA|VA) 4 $780,000 $195,000 $2,723 2.63%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 4 $780,000 $195,000 $2,120 2.94%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 3 $765,000 $255,000 $1,298 4.12%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $750,000 $187,500 $1,912 3.09%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $745,000 $745,000 $8,237 2.75%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $735,000 $735,000 $2,935 2.88%
CANTON-MASSILLON, OH (FHA|USDA|VA) 3 $705,000 $235,000 $3,601 3.25%
LAKE COUNTY-KENOSHA COUNTY, IL-WI (FHA|USDA|VA) 2 $690,000 $345,000 $3,269 2.69%
READING, PA (FHA|USDA|VA) 2 $690,000 $345,000 $4,583 2.69%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $685,000 $685,000 $6,021 2.75%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $685,000 $685,000 $3,488 2.63%
FRESNO, CA (FHA|USDA|VA) 1 $655,000 $655,000 $4,027 2.75%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $605,000 $605,000 $3,105 2.63%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $605,000 $605,000 $3,223 2.75%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $570,000 $285,000 $3,417 2.69%
MORGANTOWN, WV (FHA|USDA|VA) 1 $565,000 $565,000 $4,025 2.63%
MADISON, WI (FHA|USDA|VA) 2 $540,000 $270,000 $2,607 2.81%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $515,000 $515,000 $5,600 2.88%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $515,000 $515,000 $5,256 2.63%
TOLEDO, OH (FHA|USDA|VA) 2 $480,000 $240,000 $3,094 3.06%
LAFAYETTE, LA (FHA|USDA|VA) 1 $475,000 $475,000 $4,357 2.63%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $435,000 $435,000 $3,388 2.88%
MUNCIE, IN (FHA|USDA|VA) 3 $435,000 $145,000 $2,176 2.88%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $420,000 $210,000 $2,949 3.13%
COLUMBUS, IN (FHA|USDA|VA) 2 $410,000 $205,000 $2,283 2.88%
COLUMBIA, SC (FHA|USDA|VA) 2 $400,000 $200,000 $3,224 2.56%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 4 $390,000 $97,500 $3,528 3.13%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $375,000 $375,000 $2,564 2.75%
SANTA FE, NM (FHA|USDA|VA) 1 $355,000 $355,000 $3,847 3.13%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH (FHA|USDA|VA) 1 $355,000 $355,000 $3,280 2.63%
GAINESVILLE, GA (FHA|USDA|VA) 2 $330,000 $165,000 $2,546 2.75%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $325,000 $325,000 $3,890 3.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $300,000 $150,000 $3,293 3.19%
BOULDER, CO (FHA|USDA|VA) 1 $295,000 $295,000 $2,900 2.63%
BEND, OR (FHA|USDA|VA) 1 $295,000 $295,000 $4,086 2.38%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $295,000 $295,000 $4,024 3.13%
SPRINGFIELD, OH (FHA|USDA|VA) 2 $290,000 $145,000 $3,211 2.75%
AKRON, OH (FHA|USDA|VA) 1 $285,000 $285,000 $2,836 2.88%
MOBILE, AL (FHA|USDA|VA) 2 $280,000 $140,000 $2,047 3.93%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $275,000 $275,000 $2,271 2.75%
FORT SMITH, AR-OK (FHA|USDA|VA) 2 $260,000 $130,000 $2,578 2.75%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $255,000 $255,000 $2,842 2.75%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $255,000 $255,000 $5,887 2.50%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $245,000 $245,000 $3,203 2.88%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $245,000 $245,000 $3,157 2.88%
RENO, NV (FHA|USDA|VA) 2 $240,000 $120,000 $4,717 3.38%
OCALA, FL (FHA|USDA|VA) 1 $235,000 $235,000 $4,365 4.38%
WACO, TX (FHA|USDA|VA) 1 $235,000 $235,000 $3,954 3.00%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $235,000 $235,000 $3,991 3.13%
ROCHESTER, MN (FHA|USDA|VA) 1 $235,000 $235,000 $2,542 3.13%
WILMINGTON, DE-MD-NJ (FHA|USDA|VA) 1 $225,000 $225,000 $2,551 2.50%
THE VILLAGES, FL (FHA|USDA|VA) 1 $225,000 $225,000 $12,537 2.63%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $225,000 $225,000 $3,041 2.63%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 2 $210,000 $105,000 $1,492 3.13%
ROANOKE, VA (FHA|USDA|VA) 1 $205,000 $205,000 $1,848 2.63%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $195,000 $195,000 $2,326 3.00%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $195,000 $195,000 $3,569 3.13%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $195,000 $195,000 $2,761 3.38%
PEORIA, IL (FHA|USDA|VA) 1 $195,000 $195,000 $2,099 3.00%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $185,000 $185,000 $5,684 2.38%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $165,000 $165,000 $2,827 2.75%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $155,000 $155,000 $2,761 3.00%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $155,000 $155,000 $1,790 2.50%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $145,000 $145,000 $724 2.88%
WALLA WALLA, WA (FHA|USDA|VA) 1 $135,000 $135,000 $2,590 3.50%
GAINESVILLE, FL (FHA|USDA|VA) 1 $135,000 $135,000 $2,654 3.13%
JACKSON, TN (FHA|USDA|VA) 1 $125,000 $125,000 $1,983 2.75%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $125,000 $125,000 $2,840 4.13%

Evansville Teachers's top markets include Evansville, Louisville/jefferson County, Owensboro, Nashville, and Jackson among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 9,262 $2,078,680,000 $224,431 $2,079 3.11%
FHA 448 $70,390,000 $157,121 $5,546 3.42%
USDA 162 $23,110,000 $142,654 $3,939 3.13%
VA 122 $30,320,000 $248,525 $5,558 3.06%

For the 2020 period, Evansville Teachers's most frequently originated loan type of loans were Conventional, with 9,262 originations. Their 2nd most popular type is FHA, with 448 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 4,241 $992,745,000 $234,083 $2,080 2.95%
Home Purchase 3,372 $776,420,000 $230,255 $3,231 3.13%
Cash Out Refi 2,005 $409,625,000 $204,302 $1,615 3.05%
Home Improvement 370 $21,480,000 $58,054 $368 5.40%
Other 4 $1,900,000 $475,000 $4,249 2.69%
NA 2 $330,000 $165,000 $2,074 3.43%

For the 2020, Evansville Teachers's most frequently cited loan purpose of loans were Refi, with 4,241 originations. The 2nd most popular reason of loans were Home Purchase, with 3,372 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 5,840 $1,513,140,000 $259,099 $2,997 3.06%
15 Year 2,738 $413,830,000 $151,143 $1,201 3.22%
10 Year 612 $71,410,000 $116,683 $552 3.09%
20 Year 463 $96,085,000 $207,527 $2,365 2.93%
30+ year 148 $61,360,000 $414,595 $4,121 3.11%
Other 117 $32,065,000 $274,060 $1,370 4.08%
5 Year 74 $14,420,000 $194,865 $163 4.25%
1 Year 2 $190,000 $95,000 $0 4.25%

For the 2020, Evansville Teachers's most frequently cited loan length of loans were 30 Year, with 5,840 originations. The 2nd most popular length of loans were 15 Year, with 2,738 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 7,087 $1,254,305,000 $176,987
$1k-2k 2,358 $784,670,000 $332,769
$2k-3k 150 $50,780,000 $338,533
$3k-4k 78 $25,490,000 $326,795
$5k+ 18 $8,550,000 $475,000

$2,997 of loans were Evansville Teachers's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 7,087 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 5,609 $1,325,555,000 $236,326
3-4% 2,787 $558,805,000 $200,504
<2.5% 899 $238,095,000 $264,844
4-5% 397 $63,185,000 $159,156
5-6% 297 $15,935,000 $53,653
Over 8% 2 $280,000 $140,000

During 2020, Evansville Teachers's average interest rate of loans were 3.06%, while their most frequently originated rate bucket of loans were 2.5-3%, with 5,609 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 4,109 $610,525,000 $148,582 $2,174 3.07%
$200k-400k 2,800 $753,350,000 $269,054 $2,795 2.99%
$100,000 or less 2,085 $134,975,000 $64,736 $1,158 3.51%
$400k-600k 552 $263,030,000 $476,504 $3,421 2.91%
$600k-1MM 307 $230,345,000 $750,309 $4,222 2.86%
$1MM+ 141 $210,275,000 $1,491,312 $5,908 2.90%

2020 saw Evansville Teachers place emphasis on $100k-200k loans with 4,109 originations, totaling $610,525,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 2,584 $392,920,000 $152,059 $2,158 3.14%
$50k or less 1,969 $222,265,000 $112,882 $2,141 3.14%
$100k-150k 1,857 $428,245,000 $230,611 $2,235 3.12%
$75k-100k 1,837 $347,375,000 $189,099 $2,163 3.13%
$150k-250k 919 $326,545,000 $355,326 $2,695 3.08%
$250k+ 631 $433,715,000 $687,345 $3,788 2.94%

Evansville Teachers lent most frequently to those with incomes in the $50k-75k range, with 2,584 originations. The second most popular income band? $50k or less, with 1,969 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 2,860 $624,290,000 $218,283 $2,109 3.06%
30-36% 2,021 $434,115,000 $214,802 $2,384 3.15%
<20% 1,320 $289,890,000 $219,614 $1,953 2.92%
36% 343 $73,535,000 $214,388 $2,459 3.21%
41% 328 $70,230,000 $214,116 $2,408 3.22%
37% 320 $67,910,000 $212,219 $2,345 3.16%
40% 311 $71,355,000 $229,437 $2,474 3.22%
42% 302 $67,960,000 $225,033 $2,648 3.21%
39% 302 $60,340,000 $199,801 $2,267 3.13%
38% 292 $57,300,000 $196,233 $2,360 3.17%
43% 274 $65,390,000 $238,650 $2,498 3.32%
44% 274 $64,920,000 $236,934 $2,705 3.19%
45% 221 $56,435,000 $255,362 $2,836 3.12%
47% 148 $32,110,000 $216,959 $2,624 3.19%
46% 143 $28,545,000 $199,615 $2,385 3.22%
48% 140 $31,110,000 $222,214 $2,705 3.17%
49% 110 $25,230,000 $229,364 $2,946 3.23%
50-60% 96 $22,340,000 $232,708 $4,791 3.32%
>60% 69 $12,155,000 $176,159 $1,884 3.04%

Evansville Teachers lent most frequently to those with DTI ratios of 20-30%, with 2,860 originations. The next most common DTI ratio? 30-36%, with 2,021 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 8,980 $1,854,540,000 $206,519 $2,243 3.12%
Not provided 460 $147,130,000 $319,848 $2,800 3.11%
Asian 183 $90,845,000 $496,421 $3,383 2.89%
Black 232 $49,130,000 $211,767 $3,033 3.27%
Not applicable 67 $30,055,000 $448,582 $10,357 3.95%
Asian Indian 32 $17,110,000 $534,688 $2,981 2.95%
American Indian 27 $5,995,000 $222,037 $1,857 2.94%
Japanese 3 $3,355,000 $1,118,333 $0 3.53%
Other Asian 5 $3,275,000 $655,000 $4,401 2.65%
Native Hawaiian 4 $840,000 $210,000 $2,728 2.97%
Vietnamese 1 $225,000 $225,000 $2,328 2.63%

Approval Rates

Total approvals of all applications
93.74%

Evansville Teachers has an average approval rate.

Pick Rate

Approvals leading to origination
72.74%

Evansville Teachers has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 9,994 $2,202,500,000 $220,382

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Multifamily:Site-Built 23 $27,125,000 $1,179,348
Single Family (1-4 Units):Manufactured 102 $9,810,000 $96,176
Single Family (1-4 Units):Site-Built 9,869 $2,165,565,000 $219,431

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 530 $55,040,000 $103,849 $1,004 3.32%
40-60% 1,262 $246,100,000 $195,008 $1,607 2.90%
60-80% 3,960 $956,750,000 $241,604 $2,141 2.98%
80-100% 3,848 $919,120,000 $238,857 $3,027 3.14%
Over 100% 30 $8,730,000 $291,000 $9,596 3.17%
Under 20% 355 $13,325,000 $37,535 $315 4.96%