Evolve Bank & Trust Mortgage Rates, Fees & Info
West Memphis, ARLEI: 549300IRXW9RSZM2B951
Tax ID: 71-0057070
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Mortgage Data
Review & Overview
Evolve Bank & Trust is a smaller bank specializing in Home Purchase loans. Evolve Bank & Trust has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Memphis, Boston, New York, Philadelphia, and Los Angeles among others. We have data for 126 markets. (Some data included below & more in-depth data is available with an active subscription.)Evolve Bank & Trust has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Evolve Bank & Trust 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 | 6.84% | 6/22/25 |
| 30 Year Conventional Refi | 6.80% | 6/22/25 |
| 30 Year Cash-out Refi | 7.06% | 6/22/25 |
| 30 Year FHA Purchase | 7.33% | 6/22/25 |
| 30 Year FHA Refi | 7.09% | 6/22/25 |
| 30 Year VA Purchase | 6.59% | 6/22/25 |
| 30 Year VA Refi | 6.12% | 6/22/25 |
| 30 Year USDA Purchase | 6.79% | 6/22/25 |
| 15 Year Conventional Purchase | 4.28% | 6/22/25 |
| 15 Year Conventional Refi | 6.39% | 6/22/25 |
| 15 Year Cash-out Refi | 6.39% | 6/22/25 |
| 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. | ||
Evolve Bank & Trust Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Evolve Bank & Trust. 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
1,427Origination Dollar Volume (All Markets)
$464,115,000Awards
Evolve Bank & Trust - 2024
Evolve Bank & Trust is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Evolve Bank & Trust's average 30 year fixed mortgage rate was
6.62%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.07%.
Relative Fees (Closing Costs)
Evolve Bank & Trust's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,465.
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 $8,356.
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 |
|---|---|---|---|---|---|
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 252 | $67,060,000 | $266,111 | $6,926 | 6.55% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 110 | $47,730,000 | $433,909 | $5,933 | 6.42% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 104 | $47,310,000 | $454,904 | $7,255 | 6.68% |
| Outside of Metro Areas | 141 | $39,865,000 | $282,730 | $6,657 | 6.73% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 100 | $32,200,000 | $322,000 | $10,740 | 6.50% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 41 | $24,855,000 | $606,220 | $8,246 | 6.87% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 53 | $18,825,000 | $355,189 | $5,206 | 6.40% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 57 | $17,345,000 | $304,298 | $5,901 | 6.65% |
| JONESBORO, AR (FHA|USDA|VA) | 76 | $14,880,000 | $195,789 | $4,832 | 7.76% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 49 | $14,835,000 | $302,755 | $11,235 | 6.64% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 38 | $12,550,000 | $330,263 | $6,203 | 6.37% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 27 | $8,925,000 | $330,556 | $11,723 | 7.14% |
| DOVER, DE (FHA|USDA|VA) | 29 | $8,925,000 | $307,759 | $11,004 | 6.56% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 14 | $6,300,000 | $450,000 | $5,355 | 6.51% |
| GLENS FALLS, NY (FHA|USDA|VA) | 25 | $5,915,000 | $236,600 | $5,431 | 6.71% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 11 | $5,465,000 | $496,818 | $5,670 | 6.97% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 12 | $5,380,000 | $448,333 | $6,940 | 6.20% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 9 | $4,235,000 | $470,556 | $5,889 | 6.85% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 18 | $3,670,000 | $203,889 | $7,916 | 7.01% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 12 | $3,610,000 | $300,833 | $6,168 | 6.90% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 26 | $3,440,000 | $132,308 | $4,705 | 6.83% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 12 | $3,320,000 | $276,667 | $9,783 | 7.19% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 5 | $3,145,000 | $629,000 | $2,963 | 6.32% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 9 | $3,125,000 | $347,222 | $6,502 | 6.33% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $2,930,000 | $488,333 | $8,964 | 6.58% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $2,620,000 | $655,000 | $8,506 | 6.65% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 6 | $2,510,000 | $418,333 | $7,175 | 6.77% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $2,460,000 | $410,000 | $7,776 | 6.69% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 6 | $2,330,000 | $388,333 | $6,288 | 6.79% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $1,970,000 | $492,500 | $8,305 | 6.69% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $1,880,000 | $470,000 | $7,254 | 7.44% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $1,740,000 | $435,000 | $3,685 | 6.84% |
| Paragould, AR (FHA|USDA|VA) | 9 | $1,735,000 | $192,778 | $3,914 | 7.17% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $1,460,000 | $365,000 | $4,653 | 6.94% |
| Batesville, AR (FHA|USDA|VA) | 12 | $1,440,000 | $120,000 | $3,551 | 7.61% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $1,380,000 | $690,000 | $4,884 | 6.93% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $9,438 | 7.31% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $12,312 | 6.56% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $5,467 | 6.88% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $0 | 7.63% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $4,501 | 7.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $8,604 | 6.58% |
| JOPLIN, MO (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $0 | 7.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $5,235 | 6.96% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $9,920 | 6.38% |
| Searcy, AR (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $5,257 | 7.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $12,902 | 6.94% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $5,724 | 6.13% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $625 | 6.13% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $19,943 | 7.13% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $14,137 | 5.87% |
| Concord, NH (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $3,475 | 7.13% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $4,598 | 7.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $16,467 | 6.75% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $10,012 | 6.63% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $6,555 | 6.44% |
| Tupelo, MS (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $15,501 | 6.94% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $7,691 | 7.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $16,741 | 6.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $10,781 | 6.99% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,937 | 7.00% |
| Lebanon, NH-VT (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,138 | 6.81% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $4,136 | 6.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,336 | 6.63% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 6.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $9,100 | 6.38% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,156 | 7.44% |
| Hudson, NY (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $6,359 | 6.75% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 7.25% |
| Gloversville, NY (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $11,968 | 6.25% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $7,317 | 6.19% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $9,060 | 6.13% |
| Amsterdam, NY (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $6,998 | 6.38% |
| Rutland, VT (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $6,629 | 7.00% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,023 | 6.38% |
| MADISON, WI (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,312 | 7.00% |
| Brownsville, TN (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $5,317 | 3.92% |
| Blytheville, AR (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $0 | 7.75% |
| Keene, NH (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,561 | 6.99% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $12,323 | 5.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $8,103 | 6.62% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,480 | 7.13% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $17,553 | 6.75% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $0 | 6.81% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,143 | 6.62% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,301 | 7.38% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,801 | 5.50% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,483 | 6.50% |
| SALEM, OR (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,039 | 7.13% |
| Forrest City, AR (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $4,258 | 6.83% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,090 | 6.63% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $13,773 | 6.75% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,597 | 5.75% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,419 | 6.50% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,141 | 6.63% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,929 | 6.50% |
| Mountain Home, AR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 7.50% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,512 | 7.00% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 7.13% |
| TULSA, OK (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 6.13% |
| JACKSON, MS (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $3,245 | 7.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 7.54% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,742 | 6.63% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 7.00% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,172 | 7.13% |
| Wooster, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,920 | 6.63% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,898 | 6.63% |
| ROME, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,202 | 7.63% |
| Paris, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,657 | 6.63% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 8.13% |
| Greenwood, MS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,465 | 6.25% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 7.00% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,167 | 6.25% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,152 | 7.00% |
| Clarksdale, MS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,874 | 7.38% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.63% |
| Berlin, NH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,013 | 6.13% |
| Greenville, MS (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $4,708 | 3.47% |
| PINE BLUFF, AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 8.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.25% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,022 | 6.50% |
| Durant, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.50% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.00% |
| Columbus, MS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.13% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.13% |
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Product Mix
For 2024, Evolve Bank & Trust's most frequently originated type of loan was Conventional, with 1,103 originations. Their 2nd most popular type was FHA, with 260 originations.
Loan Reason
For 2024, Evolve Bank & Trust's most frequently cited loan purpose was Home Purchase, with 1,258 originations. The 2nd most popular reason was Refi, with 82 originations.
Loan Duration/Length
For 2024, Evolve Bank & Trust's most frequently cited loan duration was 30 Year, with 1,279 originations. The 2nd most popular length was 5 Year, with 86 originations.
Origination Fees/Closing Costs
Evolve Bank & Trust's average total fees were $7,465, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 461 originations.
Interest Rates
During 2024, Evolve Bank & Trust's average interest rate for loans was 6.62%, while their most frequently originated rate bucket for loans was 6-7%, with 775 originations.
Loan Sizing
2024 saw Evolve Bank & Trust place emphasis on $200k-400k loans with 631 originations, totaling $184,875,000 in origination value.
Applicant Income
Evolve Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 350 originations. The second most popular income band? $150k-250k, with 293 originations.
Applicant Debt to Income Ratio
Evolve Bank & Trust lent most frequently to those with DTI ratios of 30-36%, with 199 originations. The next most common DTI ratio? 20-30%, with 144 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.68%
Evolve Bank & Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination72.81%
Evolve Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,427 | $464,115,000 | $325,238 |