Encore Bank Mortgage Rates, Fees & Info

Little Rock, AR

LEI: 5493000JFVFQFL816N45

Tax ID: 62-1700716

5 stars - Updated: 6/23/24 - out of 5 stars, based on 32 reviews

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

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Mortgage Data

Review & Overview

Encore Bank is a smaller bank specializing in Home Purchase loans. Encore Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Little Rock, Fayetteville, Denver, San Antonio, and Austin among others. We have data for 93 markets. (Some data included below & more in-depth data is available with an active subscription.)

Encore Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Encore Bank 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 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
30 Year Conventional Purchase 6.13% 6/23/24
30 Year Conventional Refi 4.81% 6/23/24
30 Year Cash-out Refi 6.56% 6/23/24
30 Year FHA Purchase 7.33% 6/23/24
30 Year FHA Refi 7.10% 6/23/24
30 Year VA Purchase 6.06% 6/23/24
30 Year VA Refi 5.66% 6/23/24
30 Year USDA Purchase 6.82% 6/23/24
15 Year Conventional Purchase 5.91% 6/23/24
15 Year Conventional Refi 4.88% 6/23/24
15 Year Cash-out Refi 4.88% 6/23/24
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.

Encore Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Encore Bank. 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

995

Origination Dollar Volume (All Markets)

$458,965,000

Awards

ENCORE BANK 30 Year Conventional Loans silver ENCORE BANK 30 Year Conventional Loans bronze ENCORE BANK FHA Loans bronze ENCORE BANK 30 Year Conventional Loans gold
Show all (4) awards

Relative Rate

Encore Bank's average 30 year fixed mortgage rate was 5.93%.

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

This yields a difference of -0.55%.

Relative Fees (Closing Costs)

Encore Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $5,226.

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
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 348 $114,720,000 $329,655 $4,631 6.42%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 154 $57,390,000 $372,662 $5,117 6.32%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 57 $46,795,000 $820,965 $6,517 6.37%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 59 $33,705,000 $571,271 $9,411 6.12%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 18 $30,980,000 $1,721,111 $12,261 6.22%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 56 $30,420,000 $543,214 $8,665 6.19%
JONESBORO, AR (FHA|USDA|VA) 59 $16,655,000 $282,288 $4,520 6.20%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 21 $13,675,000 $651,190 $6,072 6.09%
HOT SPRINGS, AR (FHA|USDA|VA) 30 $9,240,000 $308,000 $4,094 6.83%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 12 $8,280,000 $690,000 $6,762 4.75%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 8 $8,020,000 $1,002,500 $9,125 6.09%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 9 $7,065,000 $785,000 $5,972 4.97%
Outside of Metro Areas 19 $7,045,000 $370,789 $5,480 6.52%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 6 $5,940,000 $990,000 $8,910 3.48%
SPRINGFIELD, MO (FHA|USDA|VA) 8 $4,910,000 $613,750 $2,873 6.42%
Glenwood Springs, CO (FHA|USDA|VA) 1 $3,305,000 $3,305,000 $15,145 6.00%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $15,209 6.13%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 8 $2,940,000 $367,500 $5,552 6.98%
WINSTON-SALEM, NC (FHA|USDA|VA) 7 $2,825,000 $403,571 $5,163 6.52%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $2,380,000 $1,190,000 $12,090 6.81%
Paragould, AR (FHA|USDA|VA) 11 $2,065,000 $187,727 $5,152 7.42%
Edwards, CO (FHA|USDA|VA) 3 $2,055,000 $685,000 $4,968 4.62%
EL PASO, TX (FHA|USDA|VA) 3 $2,015,000 $671,667 $10,706 6.38%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $1,970,000 $492,500 $4,241 3.81%
COLORADO SPRINGS, CO (FHA|USDA|VA) 4 $1,880,000 $470,000 $3,748 7.18%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $1,810,000 $905,000 $9,249 6.31%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $1,775,000 $591,667 $6,569 7.04%
BOULDER, CO (FHA|USDA|VA) 3 $1,755,000 $585,000 $5,699 6.89%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $1,560,000 $780,000 $11,579 6.88%
Mountain Home, AR (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $4,008 1.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $0 6.25%
Durango, CO (FHA|USDA|VA) 1 $1,125,000 $1,125,000 $8,457 5.50%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $1,060,000 $530,000 $2,375 1.00%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $1,035,000 $1,035,000 $9,471 8.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $1,020,000 $510,000 $5,878 7.50%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 7.13%
MIDLAND, TX (FHA|USDA|VA) 1 $985,000 $985,000 $23,711 7.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $870,000 $435,000 $5,568 5.75%
FORT COLLINS, CO (FHA|USDA|VA) 1 $865,000 $865,000 $7,162 5.50%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $835,000 $835,000 $15,792 6.75%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $815,000 $815,000 $11,459 7.25%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $785,000 $785,000 $8,898 5.50%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $785,000 $785,000 $11,558 6.75%
Cullowhee, NC (FHA|USDA|VA) 1 $695,000 $695,000 $10,613 7.25%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $695,000 $695,000 $0 8.73%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $690,000 $345,000 $5,512 7.81%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $650,000 $325,000 $5,605 6.87%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $645,000 $645,000 $12,185 7.88%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $625,000 $625,000 $6,857 6.75%
Boone, NC (FHA|USDA|VA) 1 $605,000 $605,000 $0 7.02%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $595,000 $595,000 $3,134 1.00%
MONROE, MI (FHA|USDA|VA) 1 $565,000 $565,000 $5,330 7.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $555,000 $555,000 $0 7.63%
Searcy, AR (FHA|USDA|VA) 2 $550,000 $275,000 $2,848 6.94%
GREELEY, CO (FHA|USDA|VA) 1 $525,000 $525,000 $10,282 6.38%
COLUMBIA, MO (FHA|USDA|VA) 2 $520,000 $260,000 $4,092 7.33%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $515,000 $515,000 $8,099 7.00%
KNOXVILLE, TN (FHA|USDA|VA) 1 $505,000 $505,000 $6,728 5.38%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $475,000 $475,000 $3,881 7.00%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $445,000 $445,000 $6,777 6.63%
JACKSON, MS (FHA|USDA|VA) 1 $445,000 $445,000 $6,126 5.88%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 5 $435,000 $87,000 $0 5.88%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $425,000 $425,000 $4,821 5.50%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $425,000 $425,000 $3,402 6.63%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $385,000 $385,000 $1,984 5.99%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $375,000 $375,000 $5,224 7.00%
Shelby, NC (FHA|USDA|VA) 1 $355,000 $355,000 $6,720 6.50%
BATON ROUGE, LA (FHA|USDA|VA) 1 $345,000 $345,000 $0 6.75%
SALEM, OR (FHA|USDA|VA) 1 $325,000 $325,000 $5,882 6.25%
LAREDO, TX (FHA|USDA|VA) 1 $325,000 $325,000 $4,423 5.88%
Lebanon, NH-VT (FHA|USDA|VA) 1 $325,000 $325,000 $11,923 6.38%
PINE BLUFF, AR (FHA|USDA|VA) 1 $315,000 $315,000 $11,792 6.25%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $315,000 $315,000 $4,999 5.50%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $305,000 $305,000 $6,170 5.25%
Breckenridge, CO (FHA|USDA|VA) 1 $285,000 $285,000 $0 7.63%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $285,000 $285,000 $5,619 5.50%
Russellville, AR (FHA|USDA|VA) 1 $275,000 $275,000 $6,095 6.75%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $275,000 $275,000 $4,537 6.38%
TULSA, OK (FHA|USDA|VA) 1 $275,000 $275,000 $3,557 5.50%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $255,000 $255,000 $0 8.13%
IOWA CITY, IA (FHA|USDA|VA) 1 $245,000 $245,000 $4,396 5.88%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $245,000 $245,000 $0 7.50%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $215,000 $215,000 $3,404 7.13%
LUBBOCK, TX (FHA|USDA|VA) 2 $200,000 $100,000 $0 5.93%
Batesville, AR (FHA|USDA|VA) 1 $185,000 $185,000 $4,360 6.63%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $185,000 $185,000 $6,781 5.88%
Lewisburg, TN (FHA|USDA|VA) 1 $175,000 $175,000 $0 7.50%
Orangeburg, SC (FHA|USDA|VA) 1 $145,000 $145,000 $4,102 6.13%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.50%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.73%
Oxford, MS (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.88%
Blytheville, AR (FHA|USDA|VA) 2 $130,000 $65,000 $0 6.56%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $55,000 $55,000 $3,665 7.25%
Encore Bank's top markets include Little Rock, Fayetteville, Denver, San Antonio, and Austin among others.

Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 928 $438,470,000 $472,489 $5,542 6.29%
    FHA 42 $12,190,000 $290,238 $9,626 6.60%
    VA 17 $6,375,000 $375,000 $8,997 6.23%
    USDA 8 $1,930,000 $241,250 $6,138 6.42%

    For 2023, Encore Bank's most frequently originated type of loan was Conventional, with 928 originations. Their 2nd most popular type was FHA, with 42 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 825 $374,035,000 $453,376 $6,047 6.46%
    Refi 115 $60,865,000 $529,261 $4,773 5.22%
    Other 31 $9,765,000 $315,000 $3,774 5.70%
    Cash Out Refi 17 $13,145,000 $773,235 $6,512 6.48%
    Home Improvement 7 $1,155,000 $165,000 $2,014 8.09%

    For 2023, Encore Bank's most frequently cited loan purpose was Home Purchase, with 825 originations. The 2nd most popular reason was Refi, with 115 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 475 $258,555,000 $544,326 $6,549 6.25%
    30 Year 397 $147,425,000 $371,348 $5,226 5.93%
    5 Year 61 $35,355,000 $579,590 $0 8.34%
    10 Year 22 $6,040,000 $274,545 $3,768 6.55%
    1 Year 17 $4,805,000 $282,647 $0 7.76%
    20 Year 10 $1,700,000 $170,000 $2,091 7.78%
    15 Year 8 $3,060,000 $382,500 $6,119 6.33%
    3 Year 5 $2,025,000 $405,000 $0 7.64%

    For 2023, Encore Bank's most frequently cited loan duration was Other, with 475 originations. The 2nd most popular length was 30 Year, with 397 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 203 $77,175,000 $380,172
    $2k-3k 187 $64,835,000 $346,711
    $1k-2k 153 $42,755,000 $279,444
    $3k-4k 125 $67,145,000 $537,160
    $5k+ 78 $76,620,000 $982,308
    $4k-5k 65 $44,545,000 $685,308

    Encore Bank's average total fees were $5,226, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 203 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 328 $153,880,000 $469,146
    6-7% 296 $122,880,000 $415,135
    7-8% 229 $84,895,000 $370,721
    Over 8% 78 $54,190,000 $694,744
    <2.5% 59 $40,935,000 $693,814
    4-5% 5 $2,185,000 $437,000

    During 2023, Encore Bank's average interest rate for loans was 5.93%, while their most frequently originated rate bucket for loans was 5-6%, with 328 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 350 $104,670,000 $299,057 $4,942 6.29%
    $100k-200k 190 $29,490,000 $155,211 $3,401 6.73%
    $400k-600k 190 $92,570,000 $487,211 $6,348 6.07%
    $600k-1MM 143 $106,765,000 $746,608 $7,691 6.00%
    $100,000 or less 61 $4,325,000 $70,902 $2,110 7.38%
    $1MM+ 61 $121,145,000 $1,985,984 $12,635 5.49%

    2023 saw Encore Bank place emphasis on $200k-400k loans with 350 originations, totaling $104,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 222 $162,290,000 $731,036 $8,884 6.58%
    $100k-150k 199 $67,155,000 $337,462 $5,685 6.45%
    $150k-250k 197 $85,295,000 $432,970 $5,593 6.48%
    $75k-100k 108 $27,000,000 $250,000 $4,849 6.49%
    $50k-75k 91 $16,935,000 $186,099 $4,131 6.48%
    $50k or less 41 $5,525,000 $134,756 $3,240 6.46%

    Encore Bank lent most frequently to those with incomes in the $250k+ range, with 222 originations. The second most popular income band? $100k-150k, with 199 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 182 $75,250,000 $413,462 $5,242 5.75%
    30-36% 158 $67,600,000 $427,848 $5,973 6.14%
    <20% 61 $26,945,000 $441,721 $5,546 6.17%
    41% 51 $23,915,000 $468,922 $6,258 6.42%
    48% 45 $19,695,000 $437,667 $5,982 5.92%
    42% 41 $17,075,000 $416,463 $5,856 6.56%
    49% 40 $18,630,000 $465,750 $5,062 6.02%
    37% 39 $15,365,000 $393,974 $5,549 6.18%
    47% 35 $17,425,000 $497,857 $6,069 6.27%
    36% 35 $19,915,000 $569,000 $6,963 6.45%
    40% 34 $13,960,000 $410,588 $5,847 6.29%
    44% 32 $13,500,000 $421,875 $5,189 6.12%
    39% 32 $18,360,000 $573,750 $5,685 5.22%
    43% 30 $10,970,000 $365,667 $5,786 6.32%
    45% 28 $13,800,000 $492,857 $6,690 6.73%
    38% 28 $13,760,000 $491,429 $6,010 6.66%
    46% 21 $10,965,000 $522,143 $6,068 6.50%
    50-60% 12 $4,380,000 $365,000 $10,659 6.56%
    >60% 1 $1,005,000 $1,005,000 $2,677 1.00%

    Encore Bank lent most frequently to those with DTI ratios of 20-30%, with 182 originations. The next most common DTI ratio? 30-36%, with 158 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 770 $347,850,000 $451,753 $5,859 6.11%
    Not applicable 78 $53,830,000 $690,128 $0 8.18%
    Not provided 74 $31,790,000 $429,595 $5,722 6.42%
    Asian 38 $15,120,000 $397,895 $5,751 6.44%
    Black 23 $6,505,000 $282,826 $5,384 5.77%
    American Indian 12 $3,870,000 $322,500 $5,580 6.54%

    Approval Rates

    Total approvals of all applications
    87.10%

    Encore Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    62.21%

    Encore Bank 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 995 $458,965,000 $461,271

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    995 $458,965,000 $461,271

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $9,355,000 $322,586 $3,987 6.37%
    40-60% 83 $50,035,000 $602,831 $5,111 6.72%
    60-80% 311 $145,715,000 $468,537 $6,163 6.58%
    80-100% 539 $243,725,000 $452,180 $5,950 6.05%
    Over 100% 17 $8,565,000 $503,824 $7,483 6.18%
    Under 20% 16 $1,570,000 $98,125 $1,234 7.34%