Encompass Lending Group Lp Mortgage Rates, Fees & Info
Katy, TXLEI: 254900I68BOSEM149Q58
Tax ID: 26-2644338
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Mortgage Data
Review & Overview
Encompass Lending Group Lp is a smaller mortgage company specializing in Home Purchase loans. Encompass Lending Group Lp has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Austin, Houston, Dallas, Fayetteville, and San Antonio among others. We have data for 120 markets. (Some data included below & more in-depth data is available with an active subscription.)Encompass Lending Group Lp has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Encompass Lending Group Lp is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.06% | 4/5/25 |
| 30 Year Conventional Refi | 7.32% | 4/5/25 |
| 30 Year Cash-out Refi | 7.28% | 4/5/25 |
| 30 Year FHA Purchase | 7.51% | 4/5/25 |
| 30 Year FHA Refi | 7.65% | 4/5/25 |
| 30 Year VA Purchase | 6.78% | 4/5/25 |
| 30 Year VA Refi | 6.13% | 4/5/25 |
| 30 Year USDA Purchase | 7.19% | 4/5/25 |
| 15 Year Conventional Purchase | 5.38% | 4/5/25 |
| 15 Year Conventional Refi | 6.51% | 4/5/25 |
| 15 Year Cash-out Refi | 6.51% | 4/5/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Encompass Lending Group Lp Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Encompass Lending Group Lp. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
713Origination Dollar Volume (All Markets)
$234,365,000Relative Rate
Encompass Lending Group Lp's average 30 year fixed mortgage rate was
6.73%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.18%.
Relative Fees (Closing Costs)
Encompass Lending Group Lp's average total fees/closing costs for a 30 year fixed rate
mortgage were $10,351.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 116 | $46,050,000 | $396,983 | $11,440 | 6.59% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 123 | $39,505,000 | $321,179 | $10,097 | 6.82% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 103 | $35,065,000 | $340,437 | $11,295 | 6.82% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 35 | $9,375,000 | $267,857 | $10,983 | 6.53% |
| Outside of Metro Areas | 23 | $6,165,000 | $268,043 | $8,660 | 6.59% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 15 | $5,355,000 | $357,000 | $9,953 | 6.63% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 11 | $5,175,000 | $470,455 | $10,563 | 6.68% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 11 | $4,555,000 | $414,091 | $11,470 | 6.70% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 12 | $3,910,000 | $325,833 | $10,208 | 6.93% |
| PROVO-OREM, UT (FHA|USDA|VA) | 7 | $3,175,000 | $453,571 | $9,805 | 6.68% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $2,885,000 | $577,000 | $18,745 | 7.05% |
| MIDLAND, TX (FHA|USDA|VA) | 7 | $2,385,000 | $340,714 | $10,502 | 6.96% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 7 | $2,365,000 | $337,857 | $7,273 | 6.86% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 8 | $2,260,000 | $282,500 | $10,172 | 6.69% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 10 | $2,150,000 | $215,000 | $6,993 | 6.61% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 3 | $2,135,000 | $711,667 | $20,419 | 6.21% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 8 | $2,130,000 | $266,250 | $10,005 | 7.04% |
| BOISE CITY, ID (FHA|USDA|VA) | 7 | $2,085,000 | $297,857 | $9,734 | 6.73% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 9 | $2,075,000 | $230,556 | $5,391 | 6.83% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 5 | $2,065,000 | $413,000 | $9,311 | 7.33% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 9 | $2,035,000 | $226,111 | $7,667 | 6.67% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 7 | $2,025,000 | $289,286 | $8,532 | 7.53% |
| COLUMBIA, SC (FHA|USDA|VA) | 9 | $1,935,000 | $215,000 | $5,671 | 5.94% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 5 | $1,895,000 | $379,000 | $10,407 | 7.02% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 5 | $1,785,000 | $357,000 | $9,041 | 6.30% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 6 | $1,750,000 | $291,667 | $10,505 | 6.58% |
| RICHMOND, VA (FHA|USDA|VA) | 7 | $1,625,000 | $232,143 | $7,720 | 7.25% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 4 | $1,470,000 | $367,500 | $7,924 | 6.27% |
| ST. GEORGE, UT (FHA|USDA|VA) | 5 | $1,415,000 | $283,000 | $11,421 | 6.97% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $6,899 | 6.80% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $7,440 | 6.56% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $8,943 | 6.75% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $22,005 | 7.63% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $9,911 | 6.92% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $8,310 | 6.71% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $7,109 | 6.99% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $5,348 | 7.08% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $9,577 | 6.28% |
| Gainesville, TX (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $15,730 | 6.50% |
| Key West, FL (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $13,214 | 7.62% |
| OCALA, FL (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $9,354 | 6.54% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $9,317 | 6.12% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $10,552 | 7.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $8,709 | 6.50% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $6,820 | 7.00% |
| Lumberton, NC (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $11,506 | 6.38% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $10,804 | 7.50% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $5,617 | 6.50% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $16,179 | 7.25% |
| GETTYSBURG, PA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $11,707 | 6.87% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $8,950 | 7.31% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $10,056 | 7.37% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $7,000 | 7.31% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,369 | 6.99% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $18,850 | 6.25% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $10,862 | 6.62% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $11,729 | 6.99% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,982 | 7.25% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $14,383 | 7.13% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $7,343 | 6.99% |
| Shelton, WA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $7,007 | 7.13% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $6,734 | 5.63% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $11,524 | 7.13% |
| SUMTER, SC (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $8,105 | 6.31% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $7,764 | 7.13% |
| LOGAN, UT-ID (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $6,924 | 6.81% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $13,933 | 7.38% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $8,514 | 6.69% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,292 | 7.13% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $19,798 | 6.75% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $6,707 | 7.12% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $9,580 | 7.50% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $7,144 | 6.25% |
| Durant, OK (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $21,890 | 7.13% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $12,167 | 6.99% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,133 | 7.25% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $13,940 | 7.63% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $11,451 | 5.99% |
| VALDOSTA, GA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $6,491 | 8.38% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,760 | 6.12% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $18,600 | 6.50% |
| CASPER, WY (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,801 | 7.13% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,329 | 6.13% |
| TYLER, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,906 | 6.99% |
| Sanford, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,849 | 6.63% |
| Fort Polk South, LA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $17,748 | 6.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,003 | 6.38% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $10,992 | 6.75% |
| Granbury, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,605 | 7.00% |
| Brenham, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,461 | 6.49% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,034 | 6.75% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $6,204 | 7.99% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,829 | 7.13% |
| DALTON, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $12,406 | 6.25% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,108 | 7.63% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,575 | 6.75% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,611 | 6.25% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,557 | 6.88% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $9,651 | 3.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,391 | 7.38% |
| Lewistown, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,036 | 6.75% |
| Newberry, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $13,076 | 6.49% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,249 | 6.88% |
| Hereford, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $11,296 | 6.88% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $4,937 | 8.25% |
| Pella, IA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,822 | 7.13% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,325 | 6.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,222 | 5.88% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,719 | 6.75% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,711 | 7.13% |
| Laurinburg, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,037 | 5.99% |
| Lake City, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,350 | 6.75% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,897 | 6.88% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,010 | 5.75% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,889 | 7.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,154 | 7.13% |
| Athens, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $7,358 | 6.00% |
| Levelland, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,654 | 7.13% |
| Centralia, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,630 | 5.99% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,261 | 6.75% |
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Product Mix
For 2024, Encompass Lending Group Lp's most frequently originated type of loan was Conventional, with 415 originations. Their 2nd most popular type was FHA, with 185 originations.
Loan Reason
For 2024, Encompass Lending Group Lp's most frequently cited loan purpose was Home Purchase, with 654 originations. The 2nd most popular reason was Cash Out Refi, with 42 originations.
Loan Duration/Length
For 2024, Encompass Lending Group Lp's most frequently cited loan duration was 30 Year, with 683 originations. The 2nd most popular length was 10 Year, with 13 originations.
Origination Fees/Closing Costs
Encompass Lending Group Lp's average total fees were $10,351, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 223 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 447 | $145,775,000 | $326,119 |
| 7-8% | 192 | $66,640,000 | $347,083 |
| 5-6% | 62 | $20,960,000 | $338,065 |
| Over 8% | 9 | $955,000 | $106,111 |
| <2.5% | 3 | $35,000 | $11,667 |
During 2024, Encompass Lending Group Lp's average interest rate for loans was 6.73%, while their most frequently originated rate bucket for loans was 6-7%, with 447 originations.
Loan Sizing
2024 saw Encompass Lending Group Lp place emphasis on $200k-400k loans with 396 originations, totaling $117,370,000 in origination value.
Applicant Income
Encompass Lending Group Lp lent most frequently to those with incomes in the $100k-150k range, with 209 originations. The second most popular income band? $75k-100k, with 152 originations.
Applicant Debt to Income Ratio
Encompass Lending Group Lp lent most frequently to those with DTI ratios of 50-60%, with 100 originations. The next most common DTI ratio? 30-36%, with 92 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.80%
Encompass Lending Group Lp has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination56.10%
Encompass Lending Group Lp has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 713 | $234,365,000 | $328,703 |