Everlend Mortgage Company Rates, Fees & Info

Salt Lake City, UT

LEI: 549300VQ0V62WHMGY629

Tax ID: 46-1389922

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Everlend Mortgage Company is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. Everlend Mortgage Company has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA 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: Salt Lake City, Ogden, Provo, Heber, and St. George among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Everlend Mortgage Company 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. Everlend Mortgage Company 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 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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    Originations

    563

    Origination Dollar Volume (All Markets)

    $162,295,000

    Awards

    EVERLEND MORTGAGE COMPANY FHA Loans silver EVERLEND MORTGAGE COMPANY 30 Year Conventional Loans bronze EVERLEND MORTGAGE COMPANY VA Loans gold
    Show all (3) awards

    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
    SALT LAKE CITY, UT (FHA|USDA|VA) 256 $77,880,000 $304,219 $5,450 3.22%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 193 $51,425,000 $266,451 $5,495 3.25%
    PROVO-OREM, UT (FHA|USDA|VA) 88 $23,750,000 $269,886 $5,996 3.22%
    Heber, UT (FHA|USDA|VA) 4 $2,670,000 $667,500 $5,662 3.09%
    ST. GEORGE, UT (FHA|USDA|VA) 4 $1,430,000 $357,500 $4,364 3.13%
    LOGAN, UT-ID (FHA|USDA|VA) 4 $860,000 $215,000 $4,641 3.09%
    BOISE CITY, ID (FHA|USDA|VA) 2 $750,000 $375,000 $16,783 3.06%
    Outside of Metro Areas 3 $695,000 $231,667 $6,187 2.83%
    Blackfoot, ID (FHA|USDA|VA) 1 $515,000 $515,000 $7,921 4.38%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $505,000 $505,000 $6,262 3.63%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $455,000 $455,000 $4,040 4.13%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $395,000 $395,000 $7,578 3.63%
    Vernal, UT (FHA|USDA|VA) 1 $265,000 $265,000 $8,970 2.88%
    Evanston, WY (FHA|USDA|VA) 1 $215,000 $215,000 $4,977 3.38%
    IDAHO FALLS, ID (FHA|USDA|VA) 1 $205,000 $205,000 $5,835 2.63%
    Cedar City, UT (FHA|USDA|VA) 1 $165,000 $165,000 $4,897 4.50%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $115,000 $115,000 $2,715 3.13%
    Everlend Mortgage Company's top markets include Salt Lake City, Ogden, Provo, Heber, and St. George among others.

    Their top states include:
  • Utah (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • California (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against EVERLEND MORTGAGE COMPANY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 329
    Jordan Federal Credit Union
    Similarity Rank: 430
    BLUE BRICK FINANCIAL LLC
    Similarity Rank: 800
    D. L. Evans Bank
    Similarity Rank: 2030
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 2211
    University First Federal Credit Union
    Similarity Rank: 2349
    PREMIA MORTGAGE, LLC
    Similarity Rank: 3339
    TRANSWEST CREDIT UNION
    Similarity Rank: 3480
    UTAH COMMUNITY
    Similarity Rank: 3970
    CYPRUS Federal Credit Union
    Similarity Rank: 4130

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 475 $136,095,000 $286,516 $4,655 3.26%
    FHA 63 $17,985,000 $285,476 $11,712 3.17%
    VA 18 $6,480,000 $360,000 $7,915 2.65%
    USDA 5 $1,365,000 $273,000 $8,921 2.90%
    FHA 2 $370,000 $185,000 $0 3.28%

    For 2020, Everlend Mortgage Company's most frequently originated type of loan was Conventional, with 475 originations. Their 2nd most popular type was FHA, with 63 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 204 $58,970,000 $289,069 $7,067 3.44%
    Cash Out Refi 165 $46,775,000 $283,485 $4,899 3.15%
    Refi 164 $48,690,000 $296,890 $4,502 3.08%
    Home Improvement 30 $7,860,000 $262,000 $5,218 3.08%

    For 2020, Everlend Mortgage Company's most frequently cited loan purpose was Home Purchase, with 204 originations. The 2nd most popular reason was Cash Out Refi, with 165 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 480 $140,430,000 $292,563 $5,830 3.31%
    15 Year 56 $14,430,000 $257,679 $3,987 2.64%
    20 Year 22 $6,330,000 $287,727 $4,626 3.05%
    Other 4 $990,000 $247,500 $4,169 3.23%
    10 Year 1 $115,000 $115,000 $4,250 2.75%

    For 2020, Everlend Mortgage Company's most frequently cited loan duration was 30 Year, with 480 originations. The 2nd most popular length was 15 Year, with 56 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 131 $44,075,000 $336,450
    $3k-4k 124 $35,880,000 $289,355
    $2k-3k 122 $27,380,000 $224,426
    $4k-5k 86 $27,410,000 $318,721
    $5k+ 71 $26,205,000 $369,085
    $<1k 27 $975,000 $36,111

    Everlend Mortgage Company's average total fees were $5,830, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 131 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 240 $71,090,000 $296,208
    2.5-3% 219 $67,235,000 $307,009
    <2.5% 54 $15,990,000 $296,111
    4-5% 31 $7,375,000 $237,903
    5-6% 15 $555,000 $37,000
    6-7% 4 $50,000 $12,500

    During 2020, Everlend Mortgage Company's average interest rate for loans was 3.31%, while their most frequently originated rate bucket for loans was 3-4%, with 240 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 347 $100,315,000 $289,092 $6,114 3.14%
    $100k-200k 97 $15,145,000 $156,134 $4,149 3.10%
    $400k-600k 81 $38,145,000 $470,926 $6,578 3.08%
    $100,000 or less 25 $355,000 $14,200 $411 5.48%
    $600k-1MM 13 $8,335,000 $641,154 $6,083 3.18%

    2020 saw Everlend Mortgage Company place emphasis on $200k-400k loans with 347 originations, totaling $100,315,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 168 $41,120,000 $244,762 $6,065 3.34%
    $75k-100k 121 $33,435,000 $276,322 $5,621 3.24%
    $100k-150k 102 $34,600,000 $339,216 $5,064 3.11%
    $50k or less 74 $14,640,000 $197,838 $5,394 3.29%
    $150k-250k 68 $24,540,000 $360,882 $5,388 3.07%
    $250k+ 30 $13,960,000 $465,333 $5,519 3.18%

    Everlend Mortgage Company lent most frequently to those with incomes in the $50k-75k range, with 168 originations. The second most popular income band? $75k-100k, with 121 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 128 $36,910,000 $288,359 $4,927 3.10%
    30-36% 95 $29,475,000 $310,263 $5,325 3.18%
    <20% 66 $20,180,000 $305,758 $4,431 3.03%
    39% 26 $7,170,000 $275,769 $5,440 3.41%
    43% 26 $7,000,000 $269,231 $6,811 3.50%
    42% 25 $6,275,000 $251,000 $5,622 3.39%
    40% 23 $7,335,000 $318,913 $5,760 3.32%
    44% 22 $5,990,000 $272,273 $6,210 3.14%
    37% 21 $5,765,000 $274,524 $5,190 3.26%
    50-60% 19 $3,915,000 $206,053 $8,678 3.60%
    41% 19 $5,315,000 $279,737 $6,055 3.27%
    36% 16 $4,990,000 $311,875 $5,815 3.18%
    45% 15 $3,915,000 $261,000 $5,679 3.40%
    46% 13 $3,755,000 $288,846 $6,681 3.60%
    38% 12 $2,740,000 $228,333 $5,065 3.55%
    47% 11 $3,215,000 $292,273 $7,114 3.52%
    48% 10 $3,260,000 $326,000 $9,527 3.15%
    49% 8 $2,540,000 $317,500 $7,352 3.33%

    Everlend Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 128 originations. The next most common DTI ratio? 30-36%, with 95 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 523 $152,115,000 $290,851 $5,609 3.21%
    Not provided 25 $5,915,000 $236,600 $5,224 3.61%
    Asian 8 $2,880,000 $360,000 $5,318 3.02%
    Black 3 $815,000 $271,667 $6,809 3.21%
    Native Hawaiian or Islander 3 $385,000 $128,333 $5,302 4.54%
    Asian Indian 1 $185,000 $185,000 $4,168 2.13%

    Approval Rates

    Total approvals of all applications
    97.33%

    Everlend Mortgage Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    74.78%

    Everlend Mortgage Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 563 $162,295,000 $288,268

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 563 $162,295,000 $288,268

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $4,450,000 $185,417 $3,828 2.94%
    40-60% 115 $30,955,000 $269,174 $4,189 2.93%
    60-80% 208 $65,280,000 $313,846 $5,052 3.21%
    80-100% 186 $60,010,000 $322,634 $7,863 3.19%
    Over 100% 4 $1,130,000 $282,500 $10,754 2.91%
    Under 20% 26 $470,000 $18,077 $555 5.37%