Evans Bank Mortgage Rates, Fees & Info
Angola, NYLEI: 549300F7JKU0UTD6KX15
Tax ID: 16-0426523
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Evans Bank is a smaller bank specializing in Home Purchase loans. Evans Bank 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.) Their top markets by origination volume include: Buffalo, Rochester, Jamestown, Olean, and Batavia among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Evans Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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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Originations
438Origination Dollar Volume (All Markets)
$117,250,000Top 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 |
|---|---|---|---|---|---|
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 350 | $102,230,000 | $292,086 | $0 | 0.00% |
| ROCHESTER, NY (FHA|USDA|VA) | 70 | $12,510,000 | $178,714 | $0 | 0.00% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 9 | $1,285,000 | $142,778 | $0 | 0.00% |
| Olean, NY (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $0 | 0.00% |
| Batavia, NY (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 0.00% |
| Corning, NY (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $35,000 | $35,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Evans Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 17
Similarity Rank: 20
Similarity Rank: 80
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Similarity Rank: 144
Similarity Rank: 150
Similarity Rank: 160
Similarity Rank: 170
Similarity Rank: 189
Similarity Rank: 481
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 419 | $112,425,000 | $268,317 | $0 | 0.00% |
| FHA | 14 | $3,390,000 | $242,143 | $0 | 0.00% |
| VA | 5 | $1,435,000 | $287,000 | $0 | 0.00% |
For 2024, Evans Bank's most frequently originated type of loan was Conventional, with 419 originations. Their 2nd most popular type was FHA, with 14 originations.
Loan Reason
For 2024, Evans Bank's most frequently cited loan purpose was Home Purchase, with 255 originations. The 2nd most popular reason was Home Improvement, with 82 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 438 | $117,250,000 | $267,694 | $0 | 0.00% |
For 2024, Evans Bank's most frequently cited loan duration was Other, with 438 originations.
Loan Sizing
2024 saw Evans Bank place emphasis on $100k-200k loans with 177 originations, totaling $25,555,000 in origination value.
Applicant Income
Evans Bank lent most frequently to those with incomes in the $50k-75k range, with 114 originations. The second most popular income band? $100k-150k, with 80 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 438 | $117,250,000 | $267,694 | $0 | 0.00% |
Evans Bank lent most frequently to those with DTI ratios of Exempt%, with 438 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.43%
Evans Bank has an average approval rate.
Pick Rate
Approvals leading to origination91.32%
Evans Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 438 | $117,250,000 | $267,694 |