Evanston Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Evanston averaged 6.84% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

The average rate for the prior week (2023-09-07) was 6.78% and one month ago for the week of 2023-08-10, the average rate was 6.72%.

Evanston's average rate one year ago was 5.45%.

For refis of the same type during the week of 2023-09-14, the average rate was 7.48%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-14 7.18%
Evanston 30 Year Fixed Rate 2023-09-14 6.84%
Evanston 30 Year Fixed Rate Refi 2023-09-14 7.48%
Evanston 15 Year Fixed Rate 2023-09-14 6.51%
Evanston 15 Year Fixed Rate Refi 2023-09-14 6.41%
Evanston 30 Year FHA 2023-09-14 6.99%
Evanston 30 Year FHA Refi 2023-09-14 7.09%
Evanston 30 Year USDA 2023-09-14 7.08%
Evanston 30 Year USDA Refi 2023-09-14 7.08%
Evanston 30 Year VA 2023-09-14 7.01%
Evanston 30 Year VA Refi 2023-09-14 6.91%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Evanston, WY.

Evanston Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Evanston, WY market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Glacier Bank 23 4.78% $4,773
QUICKEN LOANS, LLC 19 5.08% $6,885
Wells Fargo Bank 17 4.17% $3,814
CRESCENT MORTGAGE COMPANY 9 4.19% $6,072
UNITED WHOLESALE MORTGAGE, LLC 8 4.86% $4,248
ACADEMY MORTGAGE CORPORATION 7 5.11% $5,170
VAN DYK MORTGAGE CORPORATION 5 4.78% $3,488
PENNYMAC LOAN SERVICES, LLC 5 5.47% $7,121
LOANDEPOT.COM, LLC 4 4.75% $6,577
FIRST COLONY MORTGAGE CORPORATION 4 4.91% $5,300
MOUNTAIN AMERICA 3 4.33% $5,178
The Federal Savings Bank 2 5.69% $6,923
AMERISAVE MORTGAGE CORPORATION 2 5.19% $7,899
Flanagan State Bank 2 4.69% $4,888
Utah Power 2 4.06% $5,732
Meridian Trust Federal Credit Union 2 6.13% $5,781
BROKER SOLUTIONS, INC. 2 5.43% $8,709
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.68% $6,138
CROSSCOUNTRY MORTGAGE, LLC 2 4.79% $4,418
Cache Valley Bank 2 4.75% $7,470
AMERICAN PACIFIC MORTGAGE CORPORATION 2 5.38% $4,610
Mr. Cooper ( Nationstar Mortgage ) 2 5.62% $9,206
SECURITYNATIONAL MORTGAGE COMPANY 2 4.88% $3,360
VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.50% $3,998
West Gate Bank 1 5.00% $3,354
Zions Bank 1 6.00% $6,392
AMERICAN ADVISORS GROUP 1 4.50% $4,553
Bank of America 1 3.63% $4,642
Bank of the West 1 4.88% $5,810
Century Mortgage Company DBA Century Lending Company 1 6.25% $3,721
CHERRY CREEK MORTGAGE, LLC 1 3.25% $808
CHEVRON 1 5.13% $5,267
Citizens Bank 1 4.88% $6,920
CMG MORTGAGE, INC. 1 4.13% $4,051
Colonial Savings, F.A. 1 6.75% $5,398
Deseret First Credit Union 1 5.50% $3,924
FINANCE OF AMERICA MORTGAGE LLC 1 5.75% $3,974
First Federal Bank 1 6.00% $3,771
Flagstar Bank, FSB 1 3.88% $4,120
GRANITE FEDERAL CREDIT UNION 1 4.00% $8,726
INTERCAP LENDING INC. 1 5.13% $4,537
JPMorgan Chase Bank 1 3.13% $5,193
M&T Bank 1 5.38% $3,902
NEWREZ LLC 1 5.99% $3,925
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 5.88% $7,228
Prosperity Home Mortgage, LLC 1 5.63% $10,220
UNION HOME MORTGAGE CORP. 1 5.50% $5,716
U.S. Bank 1 5.13% $3,838

Evanston Average Closing Costs & Other Stats

Evanston, WY's 48 lenders originated 399 loans during 2022. The total origination value was $93,235,000, with an average loan value of $233,672.

Evanston's average closing costs are $4,989.

The top Evanston lender as defined by loan originations is Glacier Bank, with 23 loans originated. Their average total fees are $4,773, which is $2,112 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Evanston lenders (with over 10 loans originated) are Wells Fargo Bank ($3,814), Glacier Bank ($4,773), QUICKEN LOANS, LLC ($6,885), .

The lowest rate Evanston lenders (with over 10 loans originated) are Wells Fargo Bank (4.17%), Glacier Bank (4.78%), QUICKEN LOANS, LLC (5.08%), .

Evanston, WY Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
Glacier Bank $20,480,000 $12,225,000 -40.3% 13.1%
QUICKEN LOANS, LLC $20,245,000 $10,390,000 -48.7% 11.1%
Wells Fargo Bank $26,160,000 $6,980,000 -73.3% 7.5%
MOUNTAIN AMERICA $3,605,000 $6,745,000 87.1% 7.2%
UNITED WHOLESALE MORTGAGE, LLC $11,495,000 $4,935,000 -57.1% 5.3%
VAN DYK MORTGAGE CORPORATION $5,760,000 $3,525,000 -38.8% 3.8%
CRESCENT MORTGAGE COMPANY $9,450,000 $3,240,000 -65.7% 3.5%
U.S. Bank $1,850,000 $3,025,000 63.5% 3.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $560,000 $2,830,000 405.4% 3.0%
Mortgage Research Center, LLC $3,040,000 $2,050,000 -32.6% 2.2%
ACADEMY MORTGAGE CORPORATION $465,000 $1,935,000 316.1% 2.1%
PENNYMAC LOAN SERVICES, LLC $3,705,000 $1,850,000 -50.1% 2.0%
FIRST COLONY MORTGAGE CORPORATION $1,395,000 $1,770,000 26.9% 1.9%
CALIBER HOME LOANS, INC. $3,645,000 $1,645,000 -54.9% 1.8%
AMERICAN PACIFIC MORTGAGE CORPORATION $215,000 $1,520,000 607.0% 1.6%
CROSSCOUNTRY MORTGAGE, LLC $1,445,000 $1,455,000 0.7% 1.6%
BROKER SOLUTIONS, INC. $1,930,000 $1,145,000 -40.7% 1.2%
Cache Valley Bank $680,000 $1,125,000 65.4% 1.2%
Bank of the West $775,000 $1,095,000 41.3% 1.2%
Utah Power $385,000 $1,060,000 175.3% 1.1%
Carrington Mortgage Services, LLC $980,000 $900,000 -8.2% 1.0%
Mr. Cooper ( Nationstar Mortgage ) $620,000 $900,000 45.2% 1.0%
LOANDEPOT.COM, LLC $4,285,000 $845,000 -80.3% 0.9%
FINANCE OF AMERICA MORTGAGE LLC $310,000 $740,000 138.7% 0.8%
Flanagan State Bank $770,000 $720,000 -6.5% 0.8%
Century Mortgage Company DBA Century Lending Company $215,000 $710,000 230.2% 0.8%
NAVY FEDERAL CREDIT UNION $1,070,000 $690,000 -35.5% 0.7%
JPMorgan Chase Bank $630,000 n/a 0.7%
FREEDOM MORTGAGE CORPORATION $2,960,000 $620,000 -79.1% 0.7%
CHERRY CREEK MORTGAGE, LLC $650,000 $605,000 -6.9% 0.6%
SECURITYNATIONAL MORTGAGE COMPANY $1,365,000 $580,000 -57.5% 0.6%
Bank of America $25,000 $560,000 2,140.0% 0.6%
Flagstar Bank, FSB $340,000 $560,000 64.7% 0.6%
GUILD MORTGAGE COMPANY $2,150,000 $540,000 -74.9% 0.6%
GRANITE FEDERAL CREDIT UNION $535,000 n/a 0.6%
Meridian Trust Federal Credit Union $215,000 $525,000 144.2% 0.6%
AMERICAN ADVISORS GROUP $485,000 n/a 0.5%
West Gate Bank $485,000 n/a 0.5%
First Federal Bank $475,000 n/a 0.5%
CENTENNIAL LENDING, LLC $195,000 $470,000 141.0% 0.5%
Zions Bancorporation, N.A. $165,000 $425,000 157.6% 0.5%
AMERISAVE MORTGAGE CORPORATION $4,265,000 $420,000 -90.2% 0.5%
The Federal Savings Bank $1,525,000 $420,000 -72.5% 0.5%
MORTGAGE SOLUTIONS OF COLORADO, LLC $290,000 $400,000 37.9% 0.4%
Barrington Bank & Trust Company, N.A. $165,000 $385,000 133.3% 0.4%
Colonial Savings, F.A. $370,000 n/a 0.4%
Bank of England $335,000 n/a 0.4%
Prosperity Home Mortgage, LLC $315,000 n/a 0.3%
BECKAM FUNDING CORP. $305,000 n/a 0.3%
CHURCHILL MORTGAGE CORPORATION $305,000 n/a 0.3%
Citizens Bank $305,000 n/a 0.3%
Low VA Rates, LLC $755,000 $305,000 -59.6% 0.3%
EVERETT FINANCIAL, INC. $295,000 n/a 0.3%
NEWREZ LLC $1,040,000 $290,000 -72.1% 0.3%
CHEVRON $285,000 n/a 0.3%
CASTLE & COOKE MORTGAGE, LLC $175,000 $275,000 57.1% 0.3%
CITYWIDE HOME LOANS, LLC $4,215,000 $265,000 -93.7% 0.3%
21ST MORTGAGE CORPORATION $145,000 $255,000 75.9% 0.3%
AMERICAN INTERNET MORTGAGE, INC. $145,000 $255,000 75.9% 0.3%
Jonah Bank of Wyoming $125,000 $235,000 88.0% 0.3%
PACIFIC RESIDENTIAL MORTGAGE, LLC $235,000 n/a 0.3%
Utah Mortgage Loan Corporation $420,000 $225,000 -46.4% 0.2%
INTERCAP LENDING INC. $1,740,000 $215,000 -87.6% 0.2%
UNION HOME MORTGAGE CORP. $215,000 n/a 0.2%
CMG MORTGAGE, INC. $195,000 n/a 0.2%
ADVANTAGE PLUS $185,000 n/a 0.2%
Nations Lending Corporation $185,000 $185,000 0.0% 0.2%
Wyoming Bank & Trust $175,000 n/a 0.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $170,000 n/a 0.2%
Deseret First Credit Union $165,000 n/a 0.2%
HOME POINT FINANCIAL CORPORATION $185,000 $165,000 -10.8% 0.2%
PHH Mortgage Corporation $165,000 n/a 0.2%
M&T Bank $280,000 $145,000 -48.2% 0.2%
VILLAGE CAPITAL MORTGAGE $455,000 $145,000 -68.1% 0.2%
LAKEVIEW LOAN SERVICING, LLC $800,000 $135,000 -83.1% 0.1%
Rock Canyon Bank $185,000 $125,000 -32.4% 0.1%
WYHY $125,000 n/a 0.1%
Discover Bank $120,000 n/a 0.1%
LIMA ONE CAPITAL, LLC $115,000 n/a 0.1%
Truist $195,000 $115,000 -41.0% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $410,000 $105,000 -74.4% 0.1%
PENTAGON FEDERAL CREDIT UNION $195,000 $95,000 -51.3% 0.1%
RELIANCE FIRST CAPITAL, LLC $85,000 n/a 0.1%
Figure Lending LLC $15,000 $65,000 333.3% 0.1%

Evanston's top lender by overall market share is Glacier Bank, with 13.1% market share. In second place, with 11.1%, is QUICKEN LOANS, LLC, having originated $10,390,000 in loans. In third place, with 7.5%, is Wells Fargo Bank, having originated $6,980,000 in loans. In fourth place, with 7.2%, is MOUNTAIN AMERICA, having originated $6,745,000 in loans. In fifth place, with 5.3%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $4,935,000 in loans.

Evanston, WY Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 192 $54,460,000 $283,646
Cash Out Refi 107 $23,055,000 $215,467
Refi 58 $11,430,000 $197,069
Other 25 $2,715,000 $108,600
Home Improvement 17 $1,575,000 $92,647

Evanston's most frequently cited loan purpose was Home Purchase, with 192 originations. The 2nd most popular reason was Cash Out Refi, with 107 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 103 $23,635,000 $229,466
4-5% 94 $23,160,000 $246,383
3-4% 88 $21,730,000 $246,932
6-7% 41 $12,885,000 $314,268
2.5-3% 37 $7,495,000 $202,568
Over 8% 17 $1,265,000 $74,412
<2.5% 10 $1,480,000 $148,000
7-8% 8 $1,580,000 $197,500

During 2022, Evanston's most frequently originated rate bucket was 5-6%, with 103 originations.

Loan Sizing (Evanston, WY MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 176 $49,140,000 $279,205
$100k-200k 127 $19,175,000 $150,984
$100,000 or less 62 $3,350,000 $54,032
$400k-600k 30 $13,930,000 $464,333
$600k-1000k 2 $1,370,000 $685,000
$Over $1MM 2 $6,270,000 $3,135,000

Evanston's loan sizing saw the bucket of loans from $200k-400k with 176 originations, totaling $49,140,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 163 $43,285,000 $265,552
60-80% 114 $27,780,000 $243,684
40-60% 53 $15,925,000 $300,472
Under 20% 32 $1,310,000 $40,938
20-40% 29 $2,885,000 $99,483
Over 100% 6 $1,740,000 $290,000

Evanston's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 163 originations, totaling $43,285,000 in origination value.