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, 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,136Origination Dollar Volume (All Markets)
$793,910,000Awards
ENCORE BANK - 2022
ENCORE BANK is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
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Product Mix
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
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
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
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
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
2022 saw Encore Bank place emphasis on $200k-400k loans with 436 originations, totaling $125,280,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications94.05%
Encore Bank has an average approval rate.
Pick Rate
Approvals leading to origination74.74%
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 |