EverLEND Mortgage Company Interest Rate and Cost Review

Is EverLEND Mortgage Company a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by EverLEND Mortgage Company to those of other lenders for a comparable set of borrowers. Here is our review of EverLEND Mortgage Company nationally:

Review ItemEverLEND Mortgage Company
Interest Ratesimilar to other lenders (+0.06%)
Loan Related Closing Costshigher than other lenders (+$417)
National Rate and Closing Cost Star Rating(3)

On average, EverLEND Mortgage Company’s interest rates were similar to those of other lenders (+0.06%). On the other hand, its loan related closing costs were higher than those of other lenders, with a difference of +$417. Overall, combining interest rates and closing costs we estimate that EverLEND Mortgage Company tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3 out of 5 stars.

We maintain our independence by not accepting any money from the mortgage lenders we review. To visit EverLEND Mortgage Company, check out its website at: https://www.everlend.com.

EverLEND Mortgage Company’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track EverLEND Mortgage Company was most active in:

  1. West Jordan, UT
  2. Lehi, UT
  3. Logan, UT
  4. Boise City, ID
  5. Idaho Falls, ID

EverLEND Mortgage Company’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, EverLEND Mortgage Company originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA, Jumbo and VA mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference+0.13%+0.00%+0.02%-0.00%+0.00%
Loan Related Closing Cost Difference+$512+$511+$115+$1+$101
Cost Adjusted Rate Difference+0.12%+0.03%+0.03%-0.00%+0.01%
National Star Rating(3)(3.5)(3.5)(3.5)(3.5)
Refinance MortgagesConformingFHAJumboVA
Interest Rate Difference-0.01%-0.01%+0.01%-0.02%
Loan Related Closing Cost Difference+$352+$147+$95-$44
Cost Adjusted Rate Difference+0.01%-0.00%+0.01%-0.02%
Average Star Rating(3.5)(3.5)(3.5)(3.5)

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

Other information about EverLEND Mortgage Company:

Registered name: EverLEND Mortgage Company
Registered city and state: SALT LAKE CITY, UT, 84123
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 EverLEND 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.