Ennis State Bank Mortgage Rates, Fees & Info
Ennis, TXLEI: 549300L0KQ09W67V4228
Tax ID: 75-0256400
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Mortgage Data
Review & Overview
Ennis State Bank is a smaller bank specializing in Home Purchase loans. Ennis State Bank has a high proportion of conventional loans. Ennis State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Daphne, Corsicana, Athens, and Killeen among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Ennis State 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. Ennis State 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.89% | 10/29/24 |
| 30 Year Conventional Refi | 6.89% | 10/29/24 |
| 30 Year Cash-out Refi | 7.10% | 10/29/24 |
| 15 Year Conventional Purchase | 6.73% | 10/29/24 |
| 15 Year Conventional Refi | 7.09% | 10/29/24 |
| 15 Year Cash-out Refi | 7.09% | 10/29/24 |
| 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. | ||
Ennis State Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
100Origination Dollar Volume (All Markets)
$42,310,000Awards
Ennis State Bank - 2022
Ennis State 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 79 | $19,245,000 | $243,608 | $5,867 | 5.41% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $18,505,000 | $18,505,000 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $2,255,000 | $322,143 | $8,634 | 5.57% |
| Corsicana, TX (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $5,333 | 5.22% |
| Athens, TX (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $3,908 | 3.75% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $6,808 | 4.31% |
| TYLER, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 3.88% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,252 | 5.63% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Ennis State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 66 | $15,150,000 | $229,545 | $6,012 | 5.33% |
| Conventional | 34 | $27,160,000 | $798,824 | $0 | 0.00% |
For 2022, Ennis State Bank's most frequently originated type of loan was Conventional, with 66 originations. Their 2nd most popular type was Conventional, with 34 originations.
Loan Reason
For 2022, Ennis State Bank's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Cash Out Refi, with 21 originations.
Loan Duration/Length
For 2022, Ennis State Bank's most frequently cited loan duration was 30 Year, with 45 originations. The 2nd most popular length was Other, with 39 originations.
Origination Fees/Closing Costs
Ennis State Bank's average total fees were $6,396, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 21 originations.
Interest Rates
During 2022, Ennis State Bank's average interest rate for loans was 5.34%, while their most frequently originated rate bucket for loans was 5-6%, with 18 originations.
Loan Sizing
2022 saw Ennis State Bank place emphasis on $200k-400k loans with 40 originations, totaling $10,240,000 in origination value.
Applicant Income
Ennis State Bank lent most frequently to those with incomes in the $50k-75k range, with 22 originations. The second most popular income band? $75k-100k, with 16 originations.
Applicant Debt to Income Ratio
Ennis State Bank lent most frequently to those with DTI ratios of Exempt%, with 34 originations. The next most common DTI ratio? 30-36%, with 21 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications70.81%
Ennis State Bank has a below average approval rate.
Pick Rate
Approvals leading to origination68.00%
Ennis State 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 |
|---|---|---|---|
| 0.0 | 1 | $175,000 | $175,000 |
| 4000.0 | 1 | $205,000 | $205,000 |
| 4254.46 | 1 | $285,000 | $285,000 |
| 5108.0 | 1 | $385,000 | $385,000 |
| Exempt | 34 | $27,160,000 | $798,824 |
| NA | 62 | $14,100,000 | $227,419 |