Encompass Lending Group Lp Mortgage Rates, Fees & Info

Katy, TX

LEI: 254900I68BOSEM149Q58

Tax ID: 26-2644338

3.1 stars - Updated: 7/14/24 - out of 5 stars, based on 22 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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: Houston, Dallas, Fayetteville, Austin, and Washington among others. We have data for 91 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 a high 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 relatively high 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 7/14/24
30 Year Conventional Purchase 6.92% 7/14/24
30 Year Conventional Refi 6.65% 7/14/24
30 Year Cash-out Refi 6.78% 7/14/24
30 Year FHA Purchase 7.48% 7/14/24
30 Year FHA Refi 6.27% 7/14/24
30 Year VA Purchase 6.51% 7/14/24
30 Year VA Refi 5.81% 7/14/24
30 Year USDA Purchase 5.93% 7/14/24
15 Year Conventional Purchase 6.29% 7/14/24
15 Year Conventional Refi 6.25% 7/14/24
15 Year Cash-out Refi 6.25% 7/14/24
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

484

Origination Dollar Volume (All Markets)

$147,440,000

Awards

Encompass Lending Group LP FHA Loans bronze
Show all (1) awards

Relative Rate

Encompass Lending Group Lp's average 30 year fixed mortgage rate was 6.9%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.42%.

Relative Fees (Closing Costs)

Encompass Lending Group Lp's average total fees/closing costs for a 30 year fixed rate mortgage were $9,726.

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 $9,089.

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
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 118 $36,220,000 $306,949 $9,376 7.13%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 84 $27,320,000 $325,238 $9,698 6.95%
FAYETTEVILLE, NC (FHA|USDA|VA) 46 $13,020,000 $283,043 $12,287 6.29%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 19 $7,895,000 $415,526 $14,252 7.14%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 13 $5,465,000 $420,385 $8,170 6.95%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 16 $4,980,000 $311,250 $10,115 6.78%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 13 $4,535,000 $348,846 $7,663 6.79%
RALEIGH-CARY, NC (FHA|USDA|VA) 12 $4,320,000 $360,000 $10,755 6.58%
Outside of Metro Areas 12 $3,020,000 $251,667 $8,655 6.87%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 7 $2,435,000 $347,857 $12,413 6.46%
COLUMBIA, SC (FHA|USDA|VA) 10 $2,290,000 $229,000 $10,314 6.60%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 11 $1,755,000 $159,545 $5,876 7.09%
PROVO-OREM, UT (FHA|USDA|VA) 3 $1,585,000 $528,333 $9,189 6.87%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 4 $1,380,000 $345,000 $11,722 7.06%
RICHMOND, VA (FHA|USDA|VA) 4 $1,370,000 $342,500 $11,168 6.62%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 4 $1,290,000 $322,500 $9,085 7.40%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 4 $1,230,000 $307,500 $14,717 6.97%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 5 $1,055,000 $211,000 $5,475 7.40%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $930,000 $465,000 $10,816 7.12%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $920,000 $460,000 $11,863 7.56%
Lumberton, NC (FHA|USDA|VA) 4 $890,000 $222,500 $7,777 6.50%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 4 $860,000 $215,000 $8,258 6.53%
Easton, MD (FHA|USDA|VA) 2 $790,000 $395,000 $11,528 7.19%
EL PASO, TX (FHA|USDA|VA) 4 $780,000 $195,000 $8,314 7.06%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $730,000 $365,000 $7,264 6.69%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $695,000 $695,000 $16,350 6.99%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $650,000 $325,000 $11,288 6.44%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $620,000 $310,000 $6,147 6.06%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $590,000 $295,000 $9,226 6.50%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $590,000 $295,000 $9,687 6.63%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $590,000 $295,000 $11,505 6.62%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $570,000 $285,000 $8,238 6.81%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $550,000 $275,000 $11,999 7.12%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $515,000 $515,000 $19,329 7.99%
ST. GEORGE, UT (FHA|USDA|VA) 2 $490,000 $245,000 $5,672 6.63%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $465,000 $465,000 $8,328 7.38%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $465,000 $465,000 $11,913 6.95%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $450,000 $225,000 $6,531 7.00%
Gainesville, TX (FHA|USDA|VA) 1 $425,000 $425,000 $17,484 7.13%
Corsicana, TX (FHA|USDA|VA) 1 $415,000 $415,000 $14,452 6.75%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $415,000 $415,000 $6,673 7.62%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $415,000 $415,000 $4,202 7.25%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $405,000 $405,000 $16,241 6.25%
Forest City, NC (FHA|USDA|VA) 1 $405,000 $405,000 $5,878 7.49%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $400,000 $200,000 $9,984 7.12%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $395,000 $395,000 $10,767 7.13%
Mineral Wells, TX (FHA|USDA|VA) 2 $390,000 $195,000 $10,694 6.38%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $385,000 $385,000 $12,569 7.13%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $375,000 $375,000 $12,351 7.25%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $365,000 $365,000 $4,594 6.38%
McPherson, KS (FHA|USDA|VA) 1 $355,000 $355,000 $4,545 7.13%
SAVANNAH, GA (FHA|USDA|VA) 2 $340,000 $170,000 $6,269 6.94%
Athens, TX (FHA|USDA|VA) 2 $340,000 $170,000 $5,126 6.44%
Albemarle, NC (FHA|USDA|VA) 1 $305,000 $305,000 $5,799 7.88%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $295,000 $295,000 $12,984 7.99%
WILMINGTON, NC (FHA|USDA|VA) 1 $285,000 $285,000 $4,756 6.63%
Calhoun, GA (FHA|USDA|VA) 1 $275,000 $275,000 $9,349 6.88%
Helena, MT (FHA|USDA|VA) 1 $275,000 $275,000 $7,259 7.88%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $265,000 $265,000 $10,159 6.99%
TULSA, OK (FHA|USDA|VA) 1 $255,000 $255,000 $13,100 7.63%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $245,000 $245,000 $5,464 6.62%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $245,000 $245,000 $7,112 6.75%
LAWTON, OK (FHA|USDA|VA) 1 $245,000 $245,000 $12,907 5.63%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $245,000 $245,000 $5,935 7.88%
TYLER, TX (FHA|USDA|VA) 1 $245,000 $245,000 $6,205 6.99%
MANHATTAN, KS (FHA|USDA|VA) 1 $235,000 $235,000 $9,554 6.75%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $235,000 $235,000 $6,395 6.25%
Wilson, NC (FHA|USDA|VA) 1 $215,000 $215,000 $10,044 6.88%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $205,000 $205,000 $7,097 8.00%
NEW BERN, NC (FHA|USDA|VA) 1 $205,000 $205,000 $7,791 6.13%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $195,000 $195,000 $9,798 6.50%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $195,000 $195,000 $2,812 6.38%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $195,000 $195,000 $6,058 7.88%
Bellefontaine, OH (FHA|USDA|VA) 1 $195,000 $195,000 $7,115 6.50%
Batesville, AR (FHA|USDA|VA) 1 $185,000 $185,000 $6,267 7.00%
OCALA, FL (FHA|USDA|VA) 1 $175,000 $175,000 $7,673 5.38%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $175,000 $175,000 $8,295 6.75%
Pahrump, NV (FHA|USDA|VA) 1 $175,000 $175,000 $10,672 6.99%
LUBBOCK, TX (FHA|USDA|VA) 1 $175,000 $175,000 $4,084 6.50%
ODESSA, TX (FHA|USDA|VA) 1 $165,000 $165,000 $5,179 6.38%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $155,000 $155,000 $6,125 7.50%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $145,000 $145,000 $6,266 7.49%
Urbana, OH (FHA|USDA|VA) 1 $135,000 $135,000 $7,156 6.88%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $115,000 $115,000 $6,388 6.88%
Celina, OH (FHA|USDA|VA) 1 $115,000 $115,000 $5,239 6.99%
LONGVIEW, TX (FHA|USDA|VA) 1 $115,000 $115,000 $6,371 6.63%
STAUNTON, VA (FHA|USDA|VA) 1 $105,000 $105,000 $3,526 6.63%
PITTSBURGH, PA (FHA|USDA|VA) 1 $105,000 $105,000 $6,820 7.88%
Huntsville, TX (FHA|USDA|VA) 1 $85,000 $85,000 $5,913 6.88%
Ardmore, OK (FHA|USDA|VA) 1 $75,000 $75,000 $6,600 5.75%
Granbury, TX (FHA|USDA|VA) 1 $55,000 $55,000 $3,835 7.63%
Encompass Lending Group Lp's top markets include Houston, Dallas, Fayetteville, Austin, and Washington among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Encompass Lending Group LP based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SCIENT Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 296 $89,280,000 $301,622 $7,944 7.04%
    FHA 95 $27,665,000 $291,211 $13,130 6.84%
    VA 89 $29,545,000 $331,966 $11,816 6.48%
    USDA 4 $950,000 $237,500 $9,483 6.72%

    For 2023, Encompass Lending Group Lp's most frequently originated type of loan was Conventional, with 296 originations. Their 2nd most popular type was FHA, with 95 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 446 $136,730,000 $306,570 $9,849 6.86%
    Cash Out Refi 32 $7,950,000 $248,438 $7,891 7.29%
    Refi 6 $2,760,000 $460,000 $9,372 7.15%

    For 2023, Encompass Lending Group Lp's most frequently cited loan purpose was Home Purchase, with 446 originations. The 2nd most popular reason was Cash Out Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 476 $145,510,000 $305,693 $9,726 6.90%
    15 Year 8 $1,930,000 $241,250 $8,899 6.67%

    For 2023, Encompass Lending Group Lp's most frequently cited loan duration was 30 Year, with 476 originations. The 2nd most popular length was 15 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 164 $61,530,000 $375,183
    $2k-3k 97 $24,575,000 $253,351
    $3k-4k 75 $20,785,000 $277,133
    $4k-5k 72 $22,450,000 $311,806
    $1k-2k 67 $16,425,000 $245,149
    $<1k 1 $245,000 $245,000

    Encompass Lending Group Lp's average total fees were $9,726, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 164 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 240 $71,600,000 $298,333
    7-8% 190 $59,700,000 $314,211
    5-6% 45 $13,165,000 $292,556
    Over 8% 8 $2,590,000 $323,750
    4-5% 1 $385,000 $385,000

    During 2023, Encompass Lending Group Lp's average interest rate for loans was 6.90%, while their most frequently originated rate bucket for loans was 6-7%, with 240 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 274 $81,250,000 $296,533 $9,909 6.91%
    $100k-200k 104 $16,230,000 $156,058 $6,330 6.82%
    $400k-600k 81 $37,965,000 $468,704 $13,392 6.95%
    $600k-1MM 17 $11,385,000 $669,706 $11,272 7.01%
    $100,000 or less 8 $610,000 $76,250 $4,531 6.69%

    2023 saw Encompass Lending Group Lp place emphasis on $200k-400k loans with 274 originations, totaling $81,250,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 150 $48,230,000 $321,533 $10,366 7.01%
    $75k-100k 103 $27,715,000 $269,078 $9,278 6.85%
    $150k-250k 85 $35,205,000 $414,176 $10,898 7.09%
    $50k-75k 84 $19,030,000 $226,548 $8,880 6.65%
    $250k+ 31 $12,915,000 $416,613 $11,281 6.93%
    $50k or less 31 $4,345,000 $140,161 $5,707 6.59%

    Encompass Lending Group Lp lent most frequently to those with incomes in the $100k-150k range, with 150 originations. The second most popular income band? $75k-100k, with 103 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 72 $22,870,000 $317,639 $12,309 6.69%
    30-36% 60 $16,780,000 $279,667 $8,228 6.85%
    20-30% 52 $15,630,000 $300,577 $8,477 7.07%
    49% 31 $9,835,000 $317,258 $8,290 7.05%
    45% 31 $9,935,000 $320,484 $9,048 7.03%
    47% 30 $10,330,000 $344,333 $12,275 6.62%
    41% 27 $7,125,000 $263,889 $9,794 6.98%
    48% 27 $8,075,000 $299,074 $10,925 6.84%
    46% 21 $6,125,000 $291,667 $10,367 6.93%
    42% 21 $6,005,000 $285,952 $8,351 6.94%
    44% 20 $6,660,000 $333,000 $8,950 7.10%
    43% 16 $6,010,000 $375,625 $9,847 7.23%
    40% 16 $4,820,000 $301,250 $7,692 6.65%
    39% 15 $4,805,000 $320,333 $9,923 7.03%
    37% 13 $3,345,000 $257,308 $10,791 6.65%
    36% 13 $3,815,000 $293,462 $8,988 6.86%
    38% 10 $2,430,000 $243,000 $7,976 6.97%
    <20% 6 $1,810,000 $301,667 $7,382 6.98%
    >60% 3 $1,035,000 $345,000 $10,156 7.12%

    Encompass Lending Group Lp lent most frequently to those with DTI ratios of 50-60%, with 72 originations. The next most common DTI ratio? 30-36%, with 60 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 334 $102,220,000 $306,048 $9,485 6.90%
    Not provided 76 $23,170,000 $304,868 $10,708 7.07%
    Asian 37 $12,345,000 $333,649 $10,160 6.81%
    Black 31 $8,145,000 $262,742 $9,759 6.60%
    American Indian 4 $1,170,000 $292,500 $7,552 6.84%
    Other Pacific Islander 1 $225,000 $225,000 $8,619 6.12%
    Chinese 1 $165,000 $165,000 $6,098 6.99%

    Approval Rates

    Total approvals of all applications
    97.57%

    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 origination
    50.62%

    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 484 $147,440,000 $304,628

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    484 $147,440,000 $304,628

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $1,880,000 $134,286 $4,895 6.61%
    40-60% 37 $9,065,000 $245,000 $6,446 6.87%
    60-80% 110 $33,230,000 $302,091 $8,703 7.09%
    80-100% 297 $95,265,000 $320,758 $10,119 6.88%
    Over 100% 24 $7,810,000 $325,417 $17,354 6.43%
    Under 20% 2 $190,000 $95,000 $5,529 7.31%