Evanston Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Evanston averaged
7.12%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.15% and
one month ago for the week of 2025-05-15, the
average rate was 6.92%.
Evanston's average rate one year ago was 7.26%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.31%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Evanston 30 Year Fixed Rate | 2025-06-18 | 7.12% |
| Evanston 30 Year Fixed Rate Refi | 2025-06-18 | 7.31% |
| Evanston 15 Year Fixed Rate | 2025-06-18 | 5.96% |
| Evanston 15 Year Fixed Rate Refi | 2025-06-18 | 6.36% |
| Evanston 30 Year FHA | 2025-06-18 | 0.1% |
| Evanston 30 Year FHA Refi | 2025-06-18 | 0.2% |
| Evanston 30 Year USDA | 2025-06-18 | -0.1% |
| Evanston 30 Year USDA Refi | 2025-06-18 | 0% |
| Evanston 30 Year VA | 2025-06-18 | 0.2% |
| Evanston 30 Year VA Refi | 2025-06-18 | 0.1% |
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.).
Evanston Average Closing Costs & Other Stats
Evanston, WY's 29 lenders originated 351
loans during 2024. The total origination value was $80,735,000, with an average loan value of
$230,014.
Evanston's average closing costs are $5,658.
The top Evanston lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
24 loans originated. Their average total fees are
$7,799, which is $1,851
higher than the next largest lender,
Glacier Bank.
The lowest fee Evanston lenders (with over 10 loans originated) are
Glacier Bank ($5,948), QUICKEN LOANS, LLC ($7,728), UNITED WHOLESALE MORTGAGE, LLC ($7,799), .
The lowest rate Evanston lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.73%), QUICKEN LOANS, LLC (6.77%), Glacier Bank (7.17%), .
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $7,955,000 | $13,945,000 | 75.3% | 17.3% |
| Glacier Bank | $10,070,000 | $11,345,000 | 12.7% | 14.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $5,165,000 | $10,160,000 | 96.7% | 12.6% |
| QUICKEN LOANS, LLC | $5,205,000 | $6,240,000 | 19.9% | 7.7% |
| U.S. Bank | $5,180,000 | $5,580,000 | 7.7% | 6.9% |
| MOUNTAIN AMERICA | $1,035,000 | $3,890,000 | 275.8% | 4.8% |
| GUILD MORTGAGE COMPANY | $620,000 | $3,765,000 | 507.3% | 4.7% |
| PLAZA HOME MORTGAGE, INC. | $2,135,000 | n/a | 2.6% | |
| Flanagan State Bank | $1,235,000 | $1,190,000 | -3.6% | 1.5% |
| LAKEVIEW LOAN SERVICING, LLC | $295,000 | $1,160,000 | 293.2% | 1.4% |
| PENNYMAC LOAN SERVICES, LLC | $480,000 | $1,090,000 | 127.1% | 1.4% |
| VILLAGE CAPITAL MORTGAGE | $990,000 | n/a | 1.2% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $320,000 | $950,000 | 196.9% | 1.2% |
| INTERCAP LENDING INC. | $1,190,000 | $940,000 | -21.0% | 1.2% |
| LOANDEPOT.COM, LLC | $430,000 | $910,000 | 111.6% | 1.1% |
| BMO Harris Bank | $645,000 | $865,000 | 34.1% | 1.1% |
| UNION HOME MORTGAGE CORP. | $420,000 | $780,000 | 85.7% | 1.0% |
| WYHY | $405,000 | $760,000 | 87.7% | 0.9% |
| VAN DYK MORTGAGE CORPORATION | $2,460,000 | $740,000 | -69.9% | 0.9% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $465,000 | $670,000 | 44.1% | 0.8% |
| NEWREZ LLC | $345,000 | $665,000 | 92.8% | 0.8% |
| FREEDOM MORTGAGE CORPORATION | $205,000 | $630,000 | 207.3% | 0.8% |
| TRIAD FINANCIAL SERVICES, INC. | $625,000 | n/a | 0.8% | |
| AMERISAVE MORTGAGE CORPORATION | $600,000 | n/a | 0.7% | |
| Mr. Cooper ( Nationstar Mortgage ) | $145,000 | $535,000 | 269.0% | 0.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $265,000 | $495,000 | 86.8% | 0.6% |
| S1L, Inc. | $475,000 | n/a | 0.6% | |
| Barrington Bank & Trust Company, N.A. | $540,000 | $455,000 | -15.7% | 0.6% |
| Ally Bank | $445,000 | n/a | 0.6% | |
| PNC Bank | $35,000 | $425,000 | 1,114.3% | 0.5% |
| Flagstar Bank, FSB | $415,000 | n/a | 0.5% | |
| FIRST COLONY MORTGAGE CORPORATION | $365,000 | n/a | 0.5% | |
| The Loan Store, Inc. | $365,000 | n/a | 0.5% | |
| Paramount Residential Mortgage Group, Inc. | $335,000 | n/a | 0.4% | |
| Carrington Mortgage Services, LLC | $315,000 | n/a | 0.4% | |
| Hilltop National Bank | $305,000 | n/a | 0.4% | |
| GUARANTEED RATE AFFINITY, LLC | $720,000 | $295,000 | -59.0% | 0.4% |
| Connexus Credit Union | $255,000 | n/a | 0.3% | |
| West Gate Bank | $255,000 | n/a | 0.3% | |
| Discover Bank | $190,000 | $245,000 | 28.9% | 0.3% |
| MOVEMENT MORTGAGE, LLC | $225,000 | n/a | 0.3% | |
| Wells Fargo Bank | $2,045,000 | $225,000 | -89.0% | 0.3% |
| CANOPY MORTGAGE, LLC | $205,000 | n/a | 0.3% | |
| Figure Lending LLC | $45,000 | $190,000 | 322.2% | 0.2% |
| Meridian Trust Federal Credit Union | $190,000 | n/a | 0.2% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $155,000 | n/a | 0.2% | |
| Plains Commerce Bank | $145,000 | n/a | 0.2% | |
| The Federal Savings Bank | $125,000 | n/a | 0.2% | |
| 21ST MORTGAGE CORPORATION | $2,940,000 | $115,000 | -96.1% | 0.1% |
| UTAH FIRST | $105,000 | n/a | 0.1% | |
| Utah Power | $320,000 | $95,000 | -70.3% | 0.1% |
| Bank of America | $155,000 | $55,000 | -64.5% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $55,000 | n/a | 0.1% | |
| RESIDENTIAL BANCORP | $55,000 | n/a | 0.1% | |
| Coastal Community Bank | $105,000 | $50,000 | -52.4% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $35,000 | n/a | 0.0% |
Evanston's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 17.3% market share. In second place, with 14.1%, is Glacier Bank, having originated $11,345,000 in loans. In third place, with 12.6%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $10,160,000 in loans. In fourth place, with 7.7%, is QUICKEN LOANS, LLC, having originated $6,240,000 in loans. In fifth place, with 6.9%, is U.S. Bank, having originated $5,580,000 in loans.
Evanston, WY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 201 | $54,675,000 | $272,015 |
| Cash Out Refi | 60 | $14,200,000 | $236,667 |
| Other | 42 | $3,170,000 | $75,476 |
| Home Improvement | 26 | $1,990,000 | $76,538 |
| Refi | 22 | $6,700,000 | $304,545 |
Evanston's most frequently cited loan purpose was Home Purchase, with 201 originations. The 2nd most popular reason was Cash Out Refi, with 60 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 145 | $42,125,000 | $290,517 |
| Over 8% | 74 | $7,620,000 | $102,973 |
| 5-6% | 53 | $17,145,000 | $323,491 |
| 7-8% | 53 | $11,685,000 | $220,472 |
| <2.5% | 17 | $185,000 | $10,882 |
| 4-5% | 4 | $1,050,000 | $262,500 |
| 3-4% | 2 | $590,000 | $295,000 |
During 2024, Evanston's most frequently originated rate bucket was 6-7%, with 145 originations.
Loan Sizing (Evanston, WY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 150 | $43,020,000 | $286,800 |
| $100,000 or less | 96 | $4,290,000 | $44,688 |
| $100k-200k | 62 | $9,240,000 | $149,032 |
| $400k-600k | 37 | $16,895,000 | $456,622 |
| $600k-1000k | 5 | $3,715,000 | $743,000 |
| $Over $1MM | 1 | $3,575,000 | $3,575,000 |
Evanston's loan sizing saw the bucket of loans from $200k-400k with 150 originations, totaling $43,020,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 152 | $46,180,000 | $303,816 |
| Under 20% | 76 | $3,170,000 | $41,711 |
| 60-80% | 56 | $15,580,000 | $278,214 |
| 40-60% | 29 | $9,065,000 | $312,586 |
| 20-40% | 25 | $2,575,000 | $103,000 |
| Over 100% | 5 | $1,835,000 | $367,000 |
Evanston's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 152 originations, totaling $46,180,000 in origination value.