Encore Bank Mortgage Rates, Fees & Info
Little Rock, ARLEI: 5493000JFVFQFL816N45
Tax ID: 62-1700716
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.13% | 12/16/24 |
| 30 Year Conventional Refi | 4.81% | 12/16/24 |
| 30 Year Cash-out Refi | 6.56% | 12/16/24 |
| 30 Year FHA Purchase | 7.33% | 12/16/24 |
| 30 Year FHA Refi | 7.10% | 12/16/24 |
| 30 Year VA Purchase | 6.06% | 12/16/24 |
| 30 Year VA Refi | 5.66% | 12/16/24 |
| 30 Year USDA Purchase | 6.82% | 12/16/24 |
| 15 Year Conventional Purchase | 5.91% | 12/16/24 |
| 15 Year Conventional Refi | 4.88% | 12/16/24 |
| 15 Year Cash-out Refi | 4.88% | 12/16/24 |
| 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
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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
995Origination Dollar Volume (All Markets)
$458,965,000Awards
ENCORE BANK - 2023
ENCORE BANK is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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Product Mix
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
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
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
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
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
2023 saw Encore Bank place emphasis on $200k-400k loans with 350 originations, totaling $104,670,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications87.10%
Encore Bank has an average approval rate.
Pick Rate
Approvals leading to origination62.21%
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 |