Evabank Mortgage Rates, Fees & Info
Eva, ALLEI: 549300FOTVC2DXJ6YD92
Tax ID: 63-0915858
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Evabank is a smaller bank specializing in Home Purchase and Refi loans. Evabank has a high proportion of conventional loans. Their top markets by origination volume include: Birmingham, Albany, Huntsville, Mobile, and Cullman among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Evabank 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.
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
253Origination Dollar Volume (All Markets)
$35,735,000Top 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 |
|---|---|---|---|---|---|
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 64 | $10,870,000 | $169,844 | $0 | 0.00% |
| ALBANY, GA (FHA|USDA|VA) | 2 | $6,010,000 | $3,005,000 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 23 | $4,045,000 | $175,870 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 3 | $2,475,000 | $825,000 | $0 | 0.00% |
| Cullman, AL (FHA|USDA|VA) | 44 | $2,280,000 | $51,818 | $0 | 0.00% |
| DECATUR, AL (FHA|USDA|VA) | 39 | $2,275,000 | $58,333 | $0 | 0.00% |
| Outside of Metro Areas | 15 | $2,085,000 | $139,000 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 4 | $1,550,000 | $387,500 | $0 | 0.00% |
| Albertville, AL (FHA|USDA|VA) | 15 | $1,415,000 | $94,333 | $0 | 0.00% |
| Fort Payne, AL (FHA|USDA|VA) | 7 | $795,000 | $113,571 | $0 | 0.00% |
| GADSDEN, AL (FHA|USDA|VA) | 11 | $685,000 | $62,273 | $0 | 0.00% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 10 | $570,000 | $57,000 | $0 | 0.00% |
| Jasper, AL (FHA|USDA|VA) | 8 | $420,000 | $52,500 | $0 | 0.00% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 4 | $150,000 | $37,500 | $0 | 0.00% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 0.00% |
| Scottsboro, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against EvaBank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 253 | $35,735,000 | $141,245 | $0 | 0.00% |
For 2022, Evabank's most frequently originated type of loan was Conventional, with 253 originations.
Loan Reason
For 2022, Evabank's most frequently cited loan purpose was Home Purchase, with 165 originations. The 2nd most popular reason was Refi, with 59 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 253 | $35,735,000 | $141,245 | $0 | 0.00% |
For 2022, Evabank's most frequently cited loan duration was Other, with 253 originations.
Loan Sizing
2022 saw Evabank place emphasis on $100,000 or less loans with 183 originations, totaling $8,575,000 in origination value.
Applicant Income
Evabank lent most frequently to those with incomes in the $50k or less range, with 77 originations. The second most popular income band? $50k-75k, with 64 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 253 | $35,735,000 | $141,245 | $0 | 0.00% |
Evabank lent most frequently to those with DTI ratios of Exempt%, with 253 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.45%
Evabank has a below average approval rate.
Pick Rate
Approvals leading to origination45.45%
Evabank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 253 | $35,735,000 | $141,245 |