Encore Bank Mortgage Rates, Fees & Info

Little Rock, AR

LEI: 5493000JFVFQFL816N45

Tax ID: 62-1700716

5 stars - Updated: 3/3/24 - out of 5 stars, based on 34 reviews

Latest/2022 | 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, Austin, Hilton Head Island, and San Antonio among others. We have data for 80 markets. (Some data included below & more in-depth data is available with an active subscription.)

Encore Bank 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. 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 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.

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% 3/3/24
30 Year Conventional Refi 4.81% 3/3/24
30 Year Cash-out Refi 6.56% 3/3/24
30 Year FHA Purchase 7.33% 3/3/24
30 Year FHA Refi 7.10% 3/3/24
30 Year VA Purchase 6.06% 3/3/24
30 Year VA Refi 5.66% 3/3/24
30 Year USDA Purchase 6.82% 3/3/24
15 Year Conventional Purchase 5.91% 3/3/24
15 Year Conventional Refi 4.88% 3/3/24
15 Year Cash-out Refi 4.88% 3/3/24
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

1,136

Origination Dollar Volume (All Markets)

$793,910,000
Show all (18) awards

Relative Rate

Encore Bank's average 30 year fixed mortgage rate was 4.34%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.42%.

Relative Fees (Closing Costs)

Encore Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,836.

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 $4,750.

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) 370 $131,230,000 $354,676 $4,139 4.63%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 198 $104,020,000 $525,354 $4,092 4.64%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 22 $96,920,000 $4,405,455 $7,825 4.77%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $52,005,000 $52,005,000 $0 4.92%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 86 $47,010,000 $546,628 $8,635 4.42%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 19 $46,955,000 $2,471,316 $4,736 3.65%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 50 $36,900,000 $738,000 $6,712 4.07%
JONESBORO, AR (FHA|USDA|VA) 126 $31,770,000 $252,143 $3,962 4.59%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 11 $26,105,000 $2,373,182 $4,336 3.87%
COLUMBIA, SC (FHA|USDA|VA) 2 $21,450,000 $10,725,000 $1,894 3.04%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 13 $20,105,000 $1,546,538 $3,337 4.56%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 7 $18,735,000 $2,676,429 $4,001 4.64%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 6 $17,480,000 $2,913,333 $6,122 4.60%
Outside of Metro Areas 31 $16,585,000 $535,000 $4,765 4.77%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $14,255,000 $14,255,000 $0 4.75%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 29 $13,415,000 $462,586 $5,442 5.19%
Russellville, AR (FHA|USDA|VA) 3 $12,965,000 $4,321,667 $1,751 3.41%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 15 $12,575,000 $838,333 $6,854 4.56%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 7 $9,565,000 $1,366,429 $6,321 2.73%
FORT SMITH, AR-OK (FHA|USDA|VA) 6 $5,930,000 $988,333 $3,016 4.43%
HOT SPRINGS, AR (FHA|USDA|VA) 15 $5,615,000 $374,333 $4,377 3.96%
SPRINGFIELD, MO (FHA|USDA|VA) 17 $4,575,000 $269,118 $3,498 4.23%
CORPUS CHRISTI, TX (FHA|USDA|VA) 5 $3,615,000 $723,000 $14,613 4.67%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 5 $3,275,000 $655,000 $9,115 3.90%
Key West, FL (FHA|USDA|VA) 1 $2,685,000 $2,685,000 $0 4.16%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $2,430,000 $1,215,000 $12,164 5.81%
Paragould, AR (FHA|USDA|VA) 9 $2,285,000 $253,889 $3,138 4.69%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $2,215,000 $2,215,000 $0 4.75%
BOULDER, CO (FHA|USDA|VA) 2 $2,130,000 $1,065,000 $4,261 3.00%
Batesville, AR (FHA|USDA|VA) 5 $2,025,000 $405,000 $2,835 3.94%
OKLAHOMA CITY, OK (FHA|USDA|VA) 4 $1,970,000 $492,500 $5,373 4.53%
WINSTON-SALEM, NC (FHA|USDA|VA) 4 $1,630,000 $407,500 $2,191 3.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $1,195,000 $1,195,000 $0 3.95%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $1,155,000 $1,155,000 $4,914 1.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $980,000 $490,000 $11,452 5.44%
Branson, MO (FHA|USDA|VA) 3 $975,000 $325,000 $4,034 4.02%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $965,000 $965,000 $15,191 5.25%
Granbury, TX (FHA|USDA|VA) 2 $910,000 $455,000 $0 4.18%
BATON ROUGE, LA (FHA|USDA|VA) 2 $850,000 $425,000 $4,180 5.06%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $780,000 $390,000 $3,874 3.62%
Mountain Home, AR (FHA|USDA|VA) 4 $760,000 $190,000 $2,608 5.14%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $730,000 $365,000 $3,100 2.31%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $725,000 $725,000 $11,205 5.25%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $700,000 $350,000 $4,595 5.25%
HATTIESBURG, MS (FHA|USDA|VA) 1 $645,000 $645,000 $7,020 3.87%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $645,000 $645,000 $4,367 3.63%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $625,000 $625,000 $5,273 3.75%
Harrison, AR (FHA|USDA|VA) 2 $620,000 $310,000 $6,512 4.75%
PINE BLUFF, AR (FHA|USDA|VA) 3 $595,000 $198,333 $2,839 2.96%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $590,000 $295,000 $4,436 3.63%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $585,000 $585,000 $4,532 4.12%
Sevierville, TN (FHA|USDA|VA) 1 $505,000 $505,000 $0 8.50%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $495,000 $495,000 $0 5.25%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $475,000 $475,000 $5,723 5.88%
Durango, CO (FHA|USDA|VA) 1 $465,000 $465,000 $5,120 6.88%
LONGVIEW, TX (FHA|USDA|VA) 1 $455,000 $455,000 $6,951 5.00%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $445,000 $445,000 $8,163 5.50%
Durant, OK (FHA|USDA|VA) 1 $425,000 $425,000 $6,499 3.88%
St. Marys, GA (FHA|USDA|VA) 1 $425,000 $425,000 $0 4.50%
Searcy, AR (FHA|USDA|VA) 1 $395,000 $395,000 $3,376 4.75%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $395,000 $395,000 $5,160 1.00%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $395,000 $395,000 $0 5.00%
North Wilkesboro, NC (FHA|USDA|VA) 1 $385,000 $385,000 $0 3.88%
Paris, TX (FHA|USDA|VA) 1 $355,000 $355,000 $5,550 3.58%
EL PASO, TX (FHA|USDA|VA) 1 $315,000 $315,000 $16,012 4.75%
SANTA FE, NM (FHA|USDA|VA) 1 $305,000 $305,000 $5,567 5.13%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $285,000 $285,000 $4,599 5.38%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $275,000 $275,000 $2,626 1.00%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $275,000 $275,000 $0 5.25%
DOTHAN, AL (FHA|USDA|VA) 1 $255,000 $255,000 $5,759 5.37%
McAlester, OK (FHA|USDA|VA) 1 $255,000 $255,000 $0 6.00%
JOPLIN, MO (FHA|USDA|VA) 1 $185,000 $185,000 $4,548 3.25%
ASHEVILLE, NC (FHA|USDA|VA) 1 $155,000 $155,000 $3,820 3.38%
Seneca, SC (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.99%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.13%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.00%
Beeville, TX (FHA|USDA|VA) 1 $65,000 $65,000 $2,891 3.49%
Bonham, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.50%
CASPER, WY (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.75%
Malvern, AR (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.00%
Encore Bank's top markets include Little Rock, Fayetteville, Austin, Hilton Head Island, and San Antonio among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,068 $775,690,000 $726,301 $4,790 4.52%
    VA 30 $9,270,000 $309,000 $5,767 4.42%
    FHA 29 $7,135,000 $246,034 $7,822 4.66%
    USDA 9 $1,815,000 $201,667 $4,555 4.68%

    For 2022, Encore Bank's most frequently originated type of loan was Conventional, with 1,068 originations. Their 2nd most popular type was VA, with 30 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 864 $629,570,000 $728,669 $5,009 4.69%
    Refi 215 $141,385,000 $657,605 $4,500 3.77%
    Other 34 $8,480,000 $249,412 $3,219 4.56%
    Cash Out Refi 15 $7,105,000 $473,667 $8,496 4.87%
    Home Improvement 8 $7,370,000 $921,250 $1,426 5.22%

    For 2022, Encore Bank's most frequently cited loan purpose was Home Purchase, with 864 originations. The 2nd most popular reason was Refi, with 215 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 608 $217,310,000 $357,418 $4,836 4.34%
    Other 208 $224,990,000 $1,081,683 $5,756 4.90%
    5 Year 141 $282,725,000 $2,005,142 $0 5.24%
    10 Year 127 $52,685,000 $414,843 $4,958 4.32%
    15 Year 34 $9,370,000 $275,588 $2,973 3.23%
    20 Year 13 $3,575,000 $275,000 $3,221 4.44%
    1 Year 4 $2,500,000 $625,000 $0 4.80%
    3 Year 1 $755,000 $755,000 $0 4.25%

    For 2022, Encore Bank's most frequently cited loan duration was 30 Year, with 608 originations. The 2nd most popular length was Other, with 208 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 306 $100,270,000 $327,680
    $1k-2k 217 $59,805,000 $275,599
    $2k-3k 149 $55,015,000 $369,228
    $3k-4k 97 $49,875,000 $514,175
    $5k+ 61 $51,525,000 $844,672
    $4k-5k 33 $20,785,000 $629,848

    Encore Bank's average total fees were $4,836, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 306 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 329 $205,165,000 $623,602
    5-6% 325 $176,745,000 $543,831
    4-5% 284 $280,700,000 $988,380
    6-7% 88 $86,250,000 $980,114
    <2.5% 67 $30,815,000 $459,925
    2.5-3% 25 $9,545,000 $381,800
    7-8% 15 $3,955,000 $263,667
    Over 8% 2 $600,000 $300,000

    During 2022, Encore Bank's average interest rate for loans was 4.34%, while their most frequently originated rate bucket for loans was 3-4%, with 329 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 436 $125,280,000 $287,339 $4,257 4.44%
    $100k-200k 230 $34,730,000 $151,000 $3,006 4.72%
    $400k-600k 217 $104,045,000 $479,470 $5,725 4.50%
    $600k-1MM 115 $85,185,000 $740,739 $7,357 4.13%
    $1MM+ 75 $440,325,000 $5,871,000 $12,181 4.52%
    $100,000 or less 63 $4,345,000 $68,968 $1,907 5.15%

    2022 saw Encore Bank place emphasis on $200k-400k loans with 436 originations, totaling $125,280,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 221 $88,525,000 $400,566 $5,650 4.64%
    $250k+ 190 $124,350,000 $654,474 $7,381 4.60%
    $100k-150k 189 $58,745,000 $310,820 $4,465 4.80%
    $50k-75k 156 $33,860,000 $217,051 $3,769 4.65%
    $75k-100k 102 $26,420,000 $259,020 $4,176 4.68%
    $50k or less 54 $8,560,000 $158,519 $3,222 4.38%

    Encore Bank lent most frequently to those with incomes in the $150k-250k range, with 221 originations. The second most popular income band? $250k+, with 190 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 193 $74,765,000 $387,383 $4,522 4.25%
    30-36% 161 $58,185,000 $361,398 $4,854 4.31%
    <20% 84 $34,130,000 $406,310 $4,215 3.72%
    49% 45 $21,165,000 $470,333 $6,129 4.91%
    40% 42 $17,510,000 $416,905 $5,540 4.60%
    44% 41 $13,095,000 $319,390 $5,744 4.73%
    43% 40 $16,140,000 $403,500 $5,503 4.57%
    41% 38 $14,700,000 $386,842 $4,631 4.65%
    36% 37 $13,685,000 $369,865 $5,045 3.93%
    46% 37 $14,055,000 $379,865 $5,449 4.71%
    39% 33 $10,705,000 $324,394 $4,257 4.52%
    37% 33 $12,415,000 $376,212 $5,126 4.39%
    42% 32 $10,600,000 $331,250 $4,491 4.98%
    45% 32 $8,430,000 $263,438 $4,866 5.04%
    48% 32 $13,660,000 $426,875 $5,452 4.77%
    38% 30 $10,590,000 $353,000 $4,736 4.39%
    47% 30 $12,120,000 $404,000 $5,124 4.51%
    50-60% 8 $1,900,000 $237,500 $5,170 4.50%
    >60% 1 $315,000 $315,000 $16,012 4.75%

    Encore Bank lent most frequently to those with DTI ratios of 20-30%, with 193 originations. The next most common DTI ratio? 30-36%, with 161 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 158 $423,040,000 $2,677,468 $0 5.15%
    White 854 $326,340,000 $382,131 $4,903 4.41%
    Not provided 43 $16,555,000 $385,000 $5,807 4.71%
    Asian 40 $15,230,000 $380,750 $5,181 4.14%
    Black 31 $9,455,000 $305,000 $4,222 4.28%
    American Indian 8 $2,830,000 $353,750 $6,659 5.22%
    Native Hawaiian or Islander 2 $460,000 $230,000 $2,165 4.38%

    Approval Rates

    Total approvals of all applications
    94.05%

    Encore Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.74%

    Encore Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,136 $793,910,000 $698,864

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,136 $793,910,000 $698,864

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 30 $9,490,000 $316,333 $4,024 4.72%
    40-60% 120 $195,040,000 $1,625,333 $4,336 4.23%
    60-80% 361 $339,065,000 $939,238 $5,229 4.66%
    80-100% 596 $239,890,000 $402,500 $4,933 4.48%
    Over 100% 12 $6,170,000 $514,167 $9,738 4.26%
    Under 20% 17 $4,255,000 $250,294 $1,188 5.04%