Encompass Lending Group Lp Mortgage Rates, Fees & Info

Katy, TX

LEI: 254900I68BOSEM149Q58

Tax ID: 26-2644338

3.7 stars - out of 5 stars, based on 28 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Encompass Lending Group Lp is a smaller mortgage company specializing in Home Purchase and Refi loans. Encompass Lending Group Lp has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Houston, Dallas, Austin, Atlanta, and Raleigh among others. Encompass Lending Group Lp has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Encompass Lending Group Lp is typically a high fee lendor.


Originations

799

Origination Dollar Volume (All Markets)

$225,665,000

Relative Rate

Encompass Lending Group Lp's average 30 year fixed rate mortgage of loans were 3.12%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.03%.

Relative Fees

Encompass Lending Group Lp's average total fees for a 30 year fixed rate mortgage are $6,100.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 508 $140,040,000 $275,669 $5,551 2.99%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 109 $31,335,000 $287,477 $6,760 3.15%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 22 $8,490,000 $385,909 $8,187 2.92%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 24 $7,210,000 $300,417 $6,150 3.09%
Outside of Metro Areas 23 $6,825,000 $296,739 $6,553 3.13%
RALEIGH-CARY, NC (FHA|USDA|VA) 15 $4,255,000 $283,667 $5,762 3.33%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 14 $4,190,000 $299,286 $5,802 3.03%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 8 $2,320,000 $290,000 $4,799 3.28%
FAYETTEVILLE, NC (FHA|USDA|VA) 10 $1,780,000 $178,000 $6,868 3.34%
Huntsville, TX (FHA|USDA|VA) 4 $1,510,000 $377,500 $6,963 3.28%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $1,195,000 $398,333 $3,685 2.95%
MIDLAND, TX (FHA|USDA|VA) 3 $1,155,000 $385,000 $7,797 3.46%
COLUMBIA, SC (FHA|USDA|VA) 4 $960,000 $240,000 $8,050 3.12%
ABILENE, TX (FHA|USDA|VA) 3 $885,000 $295,000 $6,021 3.12%
Granbury, TX (FHA|USDA|VA) 3 $715,000 $238,333 $5,481 3.00%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 2 $700,000 $350,000 $6,489 2.93%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $680,000 $340,000 $5,609 2.69%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $595,000 $198,333 $4,149 3.08%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $590,000 $295,000 $3,761 3.50%
Athens, TX (FHA|USDA|VA) 2 $540,000 $270,000 $8,212 2.74%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $525,000 $525,000 $8,426 3.13%
LONGVIEW, TX (FHA|USDA|VA) 1 $515,000 $515,000 $5,024 2.63%
Brenham, TX (FHA|USDA|VA) 2 $470,000 $235,000 $4,312 3.19%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $450,000 $225,000 $3,943 3.44%
KNOXVILLE, TN (FHA|USDA|VA) 1 $435,000 $435,000 $5,331 2.99%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $425,000 $425,000 $7,840 3.25%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $405,000 $405,000 $7,410 2.75%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $400,000 $200,000 $4,231 3.13%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $395,000 $395,000 $11,601 3.38%
Nacogdoches, TX (FHA|USDA|VA) 2 $370,000 $185,000 $7,166 3.19%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $365,000 $365,000 $5,895 3.25%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $360,000 $180,000 $3,432 3.06%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $355,000 $355,000 $10,120 3.49%
Gainesville, TX (FHA|USDA|VA) 1 $355,000 $355,000 $8,923 3.25%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $345,000 $345,000 $9,542 2.88%
Sanford, NC (FHA|USDA|VA) 1 $335,000 $335,000 $4,923 3.13%
Bay City, TX (FHA|USDA|VA) 1 $325,000 $325,000 $7,033 2.88%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $295,000 $295,000 $4,849 2.13%
LUBBOCK, TX (FHA|USDA|VA) 1 $275,000 $275,000 $4,691 3.00%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $265,000 $265,000 $0 2.25%
WILMINGTON, NC (FHA|USDA|VA) 1 $265,000 $265,000 $4,008 3.88%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $245,000 $245,000 $4,811 2.88%
AMARILLO, TX (FHA|USDA|VA) 1 $235,000 $235,000 $4,772 3.25%
Mineral Wells, TX (FHA|USDA|VA) 1 $215,000 $215,000 $4,261 3.13%
DALTON, GA (FHA|USDA|VA) 1 $215,000 $215,000 $8,085 3.25%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $205,000 $205,000 $4,768 3.38%
GAINESVILLE, GA (FHA|USDA|VA) 1 $175,000 $175,000 $4,228 2.88%
Henderson, NC (FHA|USDA|VA) 1 $165,000 $165,000 $6,857 3.38%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $155,000 $155,000 $2,870 2.75%
Wilson, NC (FHA|USDA|VA) 1 $155,000 $155,000 $3,684 3.88%

Encompass Lending Group Lp's top markets include Houston, Dallas, Austin, Atlanta, and Raleigh among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 716 $200,890,000 $280,573 $5,333 3.04%
FHA 49 $13,075,000 $266,837 $10,284 3.18%
VA 34 $11,700,000 $344,118 $12,235 2.93%

For the 2021 period, Encompass Lending Group Lp's most frequently originated loan type of loans were Conventional, with 716 originations. Their 2nd most popular type is FHA, with 49 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 453 $137,675,000 $303,918 $6,482 3.08%
Refi 224 $56,770,000 $253,438 $4,590 2.82%
Cash Out Refi 121 $31,115,000 $257,149 $5,965 3.32%
Other 1 $105,000 $105,000 $4,348 3.25%

For the 2021, Encompass Lending Group Lp's most frequently cited loan purpose of loans were Home Purchase, with 453 originations. The 2nd most popular reason of loans were Refi, with 224 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 675 $196,575,000 $291,222 $6,100 3.12%
15 Year 87 $21,095,000 $242,471 $4,874 2.53%
20 Year 26 $6,300,000 $242,308 $4,147 2.85%
10 Year 9 $1,275,000 $141,667 $4,364 2.55%
Other 2 $420,000 $210,000 $4,068 2.88%

For the 2021, Encompass Lending Group Lp's most frequently cited loan length of loans were 30 Year, with 675 originations. The 2nd most popular length of loans were 15 Year, with 87 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 535 $142,745,000 $266,813
$3k-4k 108 $32,800,000 $303,704
$2k-3k 102 $28,890,000 $283,235
$5k+ 50 $20,470,000 $409,400
$<1k 2 $450,000 $225,000

$6,100 of loans were Encompass Lending Group Lp's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 535 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 345 $98,065,000 $284,246
3-4% 342 $93,530,000 $273,480
<2.5% 99 $31,235,000 $315,505
4-5% 13 $2,835,000 $218,077

During 2021, Encompass Lending Group Lp's average interest rate of loans were 3.12%, while their most frequently originated rate bucket of loans were 2.5-3%, with 345 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 462 $129,350,000 $279,978 $5,890 3.04%
$100k-200k 191 $30,005,000 $157,094 $4,355 3.10%
$400k-600k 126 $61,330,000 $486,746 $7,664 2.96%
$100,000 or less 15 $1,275,000 $85,000 $3,866 3.03%
$600k-1MM 5 $3,705,000 $741,000 $23,031 3.10%

2021 saw Encompass Lending Group Lp place emphasis on $200k-400k loans with 462 originations, totaling $129,350,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 215 $61,915,000 $287,977 $6,080 3.01%
$150k-250k 181 $63,055,000 $348,370 $6,110 2.98%
$50k-75k 147 $32,395,000 $220,374 $5,579 3.13%
$75k-100k 139 $34,885,000 $250,971 $5,649 3.07%
$50k or less 55 $9,595,000 $174,455 $4,888 3.16%
$250k+ 51 $20,575,000 $403,431 $6,768 3.06%

Encompass Lending Group Lp lent most frequently to those with incomes in the $100k-150k range, with 215 originations. The second most popular income band? $150k-250k, with 181 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 188 $50,650,000 $269,415 $5,144 2.96%
30-36% 135 $41,015,000 $303,815 $6,346 3.04%
<20% 70 $18,130,000 $259,000 $5,053 2.82%
43% 39 $9,785,000 $250,897 $5,376 3.12%
37% 34 $8,540,000 $251,176 $5,238 3.05%
40% 33 $10,315,000 $312,576 $5,928 3.15%
47% 31 $7,735,000 $249,516 $6,372 3.09%
41% 31 $10,075,000 $325,000 $6,566 3.17%
38% 28 $7,520,000 $268,571 $5,863 3.22%
42% 27 $8,135,000 $301,296 $6,277 3.04%
36% 27 $7,145,000 $264,630 $5,155 3.13%
49% 27 $8,305,000 $307,593 $6,272 3.05%
48% 25 $5,955,000 $238,200 $5,512 3.26%
45% 25 $7,145,000 $285,800 $6,196 3.02%
44% 21 $6,615,000 $315,000 $6,487 3.11%
50-60% 20 $5,620,000 $281,000 $11,378 3.23%
46% 19 $6,025,000 $317,105 $5,527 3.12%
39% 17 $5,705,000 $335,588 $5,691 3.15%
>60% 2 $1,250,000 $625,000 $14,206 2.88%

Encompass Lending Group Lp lent most frequently to those with DTI ratios of 20-30%, with 188 originations. The next most common DTI ratio? 30-36%, with 135 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 632 $176,330,000 $279,003 $5,860 3.04%
Not provided 77 $22,085,000 $286,818 $5,721 3.06%
Asian 55 $17,655,000 $321,000 $6,106 2.93%
Black 32 $8,840,000 $276,250 $6,344 3.22%
American Indian 3 $755,000 $251,667 $4,447 2.75%

Approval Rates

Total approvals of all applications
98.17%

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
88.09%

Encompass Lending Group Lp has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 799 $225,665,000 $282,434

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
799 $225,665,000 $282,434

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 28 $5,440,000 $194,286 $4,743 2.77%
40-60% 93 $20,685,000 $222,419 $4,830 2.85%
60-80% 315 $90,335,000 $286,778 $5,388 3.11%
80-100% 354 $105,690,000 $298,559 $6,325 3.07%
Over 100% 8 $3,410,000 $426,250 $21,723 2.88%
Under 20% 1 $105,000 $105,000 $4,337 2.25%