Evansville Mortgage Rates, Fees & Info
Evansville, INLEI: 549300I5PXYKWZSGG235
Tax ID: 35-1077721
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Evansville is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Evansville has a high proportion of conventional loans. Their top (well, only) market is Evansville.Evansville 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. Evansville 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 relatively high 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.64% | 11/21/24 |
| 30 Year Conventional Refi | 6.00% | 11/21/24 |
| 30 Year Cash-out Refi | 6.57% | 11/21/24 |
| 15 Year Conventional Purchase | 6.71% | 11/21/24 |
| 15 Year Conventional Refi | 5.87% | 11/21/24 |
| 15 Year Cash-out Refi | 5.87% | 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. | ||
Evansville Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Evansville. 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
18Origination Dollar Volume (All Markets)
$3,020,000Awards
EVANSVILLE - 2023
EVANSVILLE is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
Work for EVANSVILLE?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Evansville's average 30 year fixed mortgage rate was
7.08%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.6%.
Relative Fees (Closing Costs)
Evansville's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,010.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 17 | $2,945,000 | $173,235 | $1,822 | 6.81% |
| Outside of Metro Areas | 1 | $75,000 | $75,000 | $1,666 | 8.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against EVANSVILLE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 63
Similarity Rank: 90
Similarity Rank: 132
Similarity Rank: 154
Similarity Rank: 182
Similarity Rank: 418
Similarity Rank: 480
Similarity Rank: 792
Similarity Rank: 2496
Similarity Rank: 4626
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 18 | $3,020,000 | $167,778 | $1,814 | 6.88% |
For 2023, Evansville's most frequently originated type of loan was Conventional, with 18 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 10 | $2,010,000 | $201,000 | $2,321 | 7.04% |
| Cash Out Refi | 7 | $985,000 | $140,714 | $1,288 | 6.71% |
| Refi | 1 | $25,000 | $25,000 | $421 | 6.50% |
For 2023, Evansville's most frequently cited loan purpose was Home Purchase, with 10 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.
Loan Duration/Length
For 2023, Evansville's most frequently cited loan duration was 30 Year, with 11 originations. The 2nd most popular length was 15 Year, with 5 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 17 | $2,775,000 | $163,235 |
| $3k-4k | 1 | $245,000 | $245,000 |
Evansville's average total fees were $2,010, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 17 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 11 | $2,135,000 | $194,091 |
| 7-8% | 5 | $665,000 | $133,000 |
| 5-6% | 1 | $145,000 | $145,000 |
| Over 8% | 1 | $75,000 | $75,000 |
During 2023, Evansville's average interest rate for loans was 7.08%, while their most frequently originated rate bucket for loans was 6-7%, with 11 originations.
Loan Sizing
2023 saw Evansville place emphasis on $100,000 or less loans with 7 originations, totaling $315,000 in origination value.
Applicant Income
Evansville lent most frequently to those with incomes in the $50k or less range, with 5 originations. The second most popular income band? $50k-75k, with 4 originations.
Applicant Debt to Income Ratio
Evansville lent most frequently to those with DTI ratios of 20-30%, with 7 originations. The next most common DTI ratio? <20%, with 4 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 18 | $3,020,000 | $167,778 | $1,814 | 6.88% |
Approval Rates
Total approvals of all applications88.46%
Evansville has an average approval rate.
Pick Rate
Approvals leading to origination88.89%
Evansville has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 18 | $3,020,000 | $167,778 |