Evolve Bank & Trust at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
47th10.2% deniedPricingmedian rate spread over APOR, weight 30%
65th0.16 ptsProcesswithdrawn + incomplete share, weight 15%
25th18.0%Closing coststotal loan costs ÷ loan amount, weight 10%
36th2.28% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 2,604 | 1,948 | 5.7% | 6.9% | 6.63% | $678M |
| 2024 | 1,897 | 1,427 | 4.3% | 5.4% | 6.63% | $464M |
| 2025 | 667 | 477 | 8.4% | 10.2% | 6.63% | $139M |
What Evolve Bank & Trust lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 6 manufactured homes, 239 investment properties.
Why Evolve Bank & Trust denies applications
Primary reason reported for each of the 56 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Evolve Bank & Trust
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 39 | 27 | 15.6% |
| $50k – $100k | 164 | 112 | 8.7% |
| $100k – $150k | 159 | 108 | 11.8% |
| $150k – $250k | 125 | 79 | 19.4% |
| Over $250k | 81 | 61 | 1.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 22 | 16 | 5.6% |
| 25–34 | 167 | 107 | 8.9% |
| 35–44 | 162 | 112 | 15.4% |
| 45–54 | 104 | 74 | 10.7% |
| 55–64 | 93 | 70 | 5.3% |
| 65–74 | 32 | 18 | 24.0% |
Where Evolve Bank & Trust lends
31 states and 154 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Tennessee | 228 | 173 | 5.7% | 6.38% | #199 |
| Arkansas | 160 | 141 | 3.1% | 7.00% | #125 |
| Massachusetts | 44 | 29 | 0.0% | 6.75% | #341 |
| New York | 42 | 22 | 26.2% | 6.81% | #348 |
| Mississippi | 33 | 27 | 6.1% | 6.25% | #198 |
| Missouri | 18 | 13 | 5.6% | 6.75% | #442 |
| Delaware | 17 | 9 | 11.8% | 6.75% | #196 |
| Connecticut | 16 | 8 | 25.0% | 6.69% | #327 |
| Oklahoma | 16 | 11 | 12.5% | 5.50% | #348 |
| California | 13 | 7 | 23.1% | 6.99% | #698 |
| Texas | 12 | 10 | 0.0% | 5.50% | #943 |
| Florida | 11 | 3 | 45.5% | 5.99% | #908 |
| Maryland | 10 | 3 | 10.0% | 6.63% | #476 |
| Alabama | 7 | 4 | 0.0% | 6.25% | #527 |
| Virginia | 7 | 1 | 28.6% | 6.50% | #616 |
Frequently asked questions
Evolve Bank & Trust denied 10.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 47th percentile of small mortgage lenders.
The most common reason Evolve Bank & Trust gave in 2025 was "incomplete application", cited on 50.0% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Evolve Bank & Trust originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.16 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 78% of its applications were for home purchases, 19% for refinancing (including cash-out), and 2% for home improvement or other purposes. By loan type: 74% conventional, 18% FHA, 6% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.