Evergreen Moneysource Mortgage Company Interest Rate and Cost Review

Is Evergreen Moneysource Mortgage Company a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by Evergreen Moneysource Mortgage Company with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratehigher than average (+0.11%)
Loan Related Closing Costshigher than average (+$527)
National Rate and Closing Cost Rating(3.0)
Websitehttps://www.evergreenhomeloans.com

On average, Evergreen Moneysource Mortgage Company’s interest rates were higher than those of other lenders (+0.11%) for a comparable set of borrowers. Its average total loan related closing cost was higher than those of other lenders, with a difference of +$527. Overall, combining interest rates and closing costs we estimate that Evergreen Moneysource Mortgage Company tends to be an expensive lender, and give it a National Rate and Closing Costs Rating of 3.0 out of 5.0 stars.

Evergreen Moneysource Mortgage Company’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track Evergreen Moneysource Mortgage Company was most active in:

  1. Seattle, WA
  2. Las Vegas, NV
  3. Bremerton, WA
  4. Portland, OR
  5. Boise City, ID

Furthermore, Evergreen Moneysource Mortgage Company is our top ranked mortgage lender in terms of interest rate and closing costs in Winnemucca, NV, overall.

You can click through to check out Evergreen Moneysource Mortgage Company’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

Evergreen Moneysource Mortgage Company’s Rates by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Evergreen Moneysource Mortgage Company originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases and refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

Purchase/Refinance:
New Purchase MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference+0.13%+0.07%+0.06%-0.00%+0.10%
Loan Related Closing Cost Difference+$612+$613+$386+$92+$697
Cost Adjusted Rate Difference+0.15%+0.10%+0.07%+0.00%+0.13%
Star Rating(2.5)(3.0)(3.0)(3.5)(3.0)
Refinance MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference+0.12%+0.01%+0.03%+0.00%+0.06%
Loan Related Closing Cost Difference+$379+$302+$111+$0+$163
Cost Adjusted Rate Difference+0.13%+0.03%+0.03%+0.00%+0.07%
Star Rating(3.0)(3.5)(3.5)(3.5)(3.0)

As a summary, Evergreen Moneysource Mortgage Company is similar to other lenders for USDA purchase mortgages. It is more expensive than other lenders for Conforming, FHA, Jumbo and VA purchase mortgages. For refinancing, Evergreen Moneysource Mortgage Company is similar to other lenders for FHA, Jumbo and USDA mortgage refinance. It is more expensive than other lenders for Conforming and VA mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about Evergreen Moneysource Mortgage Company:

Registered name: Evergreen Moneysource Mortgage Company
Registered city and state: Bellevue, WA, 98006
Regulator: United States Department of Housing and Urban Development (HUD)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Evergreen Moneysource Mortgage Company’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.