Entegra Bank Mortgage Rates, Fees & Info

Franklin, NC

LEI: 549300M43WLX8F5V6M79

Tax ID: 56-2004870

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Entegra Bank is a smaller bank specializing in Home Purchase loans. Entegra Bank has a high proportion of conventional loans. Their top markets by origination volume include: Asheville, Greenville, Cullowhee, Spartanburg, and Brevard among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Entegra 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. Entegra Bank is typically a low 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.

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    Originations

    614

    Origination Dollar Volume (All Markets)

    $149,350,000

    Awards

    Entegra Bank 30 Year Conventional Loans silver Entegra Bank 30 Year Conventional Loans gold Entegra Bank 30 Year Conventional Loans silver
    Show all (3) awards

    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
    Outside of Metro Areas 226 $40,740,000 $180,265 $3,100 4.65%
    ASHEVILLE, NC (FHA|USDA|VA) 98 $27,710,000 $282,755 $3,140 4.90%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 101 $25,395,000 $251,436 $2,884 4.65%
    Cullowhee, NC (FHA|USDA|VA) 69 $19,205,000 $278,333 $4,553 4.60%
    SPARTANBURG, SC (FHA|USDA|VA) 17 $10,835,000 $637,353 $2,574 5.10%
    Brevard, NC (FHA|USDA|VA) 24 $5,930,000 $247,083 $3,151 4.82%
    Seneca, SC (FHA|USDA|VA) 17 $5,015,000 $295,000 $4,033 4.78%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 27 $4,235,000 $156,852 $2,920 4.99%
    GAINESVILLE, GA (FHA|USDA|VA) 4 $3,340,000 $835,000 $2,000 4.44%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $1,040,000 $520,000 $3,670 4.50%
    Marion, NC (FHA|USDA|VA) 3 $725,000 $241,667 $3,147 4.83%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $590,000 $295,000 $4,137 4.68%
    Georgetown, SC (FHA|USDA|VA) 2 $550,000 $275,000 $2,342 4.63%
    COLUMBIA, SC (FHA|USDA|VA) 4 $530,000 $132,500 $1,671 5.11%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $480,000 $240,000 $2,518 4.50%
    Jefferson, GA (FHA|USDA|VA) 1 $445,000 $445,000 $0 5.25%
    BRUNSWICK, GA (FHA|USDA|VA) 2 $420,000 $210,000 $0 5.38%
    Forest City, NC (FHA|USDA|VA) 3 $395,000 $131,667 $2,163 4.88%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $305,000 $305,000 $4,187 4.75%
    Newport, TN (FHA|USDA|VA) 1 $295,000 $295,000 $0 5.75%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 5.25%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $2,385 4.75%
    Gaffney, SC (FHA|USDA|VA) 1 $165,000 $165,000 $1,349 4.88%
    Sevierville, TN (FHA|USDA|VA) 1 $125,000 $125,000 $2,780 5.13%
    Calhoun, GA (FHA|USDA|VA) 1 $125,000 $125,000 $1,479 4.63%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.75%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.00%
    Greenwood, SC (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.88%
    Entegra Bank's top markets include Asheville, Greenville, Cullowhee, Spartanburg, and Brevard among others.

    Their top states include:
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Entegra Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    GREENVILLE FEDERAL CREDIT UNION
    Similarity Rank: 285
    Champion Credit Union
    Similarity Rank: 423
    FOUNDERS FEDERAL CREDIT UNION
    Similarity Rank: 561
    Telco Community Credit Union
    Similarity Rank: 572
    BLMC, INC
    Similarity Rank: 755
    First Piedmont Federal Savings and Loan Association of Gaffney
    Similarity Rank: 780
    LOCAL GOVERNMENT FEDERAL CREDIT UNION
    Similarity Rank: 826
    CPM Federal Credit Union
    Similarity Rank: 882
    Amerisouth Mortgage Company
    Similarity Rank: 1131
    First Horizon Bank
    Similarity Rank: 1408

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 614 $149,350,000 $243,241 $3,244 4.73%

    For 2018, Entegra Bank's most frequently originated type of loan was Conventional, with 614 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 439 $113,725,000 $259,055 $3,438 4.76%
    Refi 95 $21,055,000 $221,632 $2,575 4.71%
    Cash Out Refi 63 $12,555,000 $199,286 $3,064 4.50%
    Other 13 $1,595,000 $122,692 $2,644 5.05%
    Home Improvement 4 $420,000 $105,000 $2,327 4.83%

    For 2018, Entegra Bank's most frequently cited loan purpose was Home Purchase, with 439 originations. The 2nd most popular reason was Refi, with 95 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 246 $50,560,000 $205,528 $2,867 4.81%
    30+ year 120 $33,880,000 $282,333 $4,375 4.50%
    15 Year 83 $15,645,000 $188,494 $2,774 4.17%
    Other 61 $19,935,000 $326,803 $4,441 5.06%
    20 Year 56 $10,390,000 $185,536 $3,031 5.21%
    5 Year 23 $11,225,000 $488,043 $0 5.33%
    10 Year 19 $5,165,000 $271,842 $1,583 4.51%
    3 Year 6 $2,550,000 $425,000 $0 4.96%

    For 2018, Entegra Bank's most frequently cited loan duration was 30 Year, with 246 originations. The 2nd most popular length was 30+ year, with 120 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 274 $61,810,000 $225,584
    $1k-2k 75 $10,135,000 $135,133
    $2k-3k 34 $6,570,000 $193,235
    $3k-4k 15 $4,135,000 $275,667
    $5k+ 9 $5,435,000 $603,889
    $4k-5k 8 $2,760,000 $345,000

    Entegra Bank's average total fees were $2,867, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 274 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 371 $90,435,000 $243,760
    5-6% 158 $40,720,000 $257,722
    3-4% 76 $17,400,000 $228,947
    6-7% 9 $795,000 $88,333

    During 2018, Entegra Bank's average interest rate for loans was 4.81%, while their most frequently originated rate bucket for loans was 4-5%, with 371 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 215 $31,315,000 $145,651 $2,969 4.77%
    $200k-400k 175 $48,735,000 $278,486 $3,549 4.64%
    $100,000 or less 147 $9,875,000 $67,177 $2,399 4.86%
    $400k-600k 42 $19,410,000 $462,143 $4,778 4.52%
    $600k-1MM 21 $15,435,000 $735,000 $4,885 4.65%
    $1MM+ 14 $24,580,000 $1,755,714 $7,984 4.88%

    2018 saw Entegra Bank place emphasis on $100k-200k loans with 215 originations, totaling $31,315,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 121 $14,085,000 $116,405 $2,676 4.77%
    $50k-75k 112 $16,710,000 $149,196 $3,041 4.68%
    $75k-100k 86 $17,980,000 $209,070 $3,211 4.52%
    $150k-250k 85 $25,045,000 $294,647 $3,865 4.60%
    $100k-150k 58 $12,760,000 $220,000 $3,466 4.80%
    $250k+ 49 $20,155,000 $411,327 $4,237 4.56%

    Entegra Bank lent most frequently to those with incomes in the $50k or less range, with 121 originations. The second most popular income band? $50k-75k, with 112 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 125 $25,325,000 $202,600 $3,007 4.55%
    30-36% 85 $18,865,000 $221,941 $3,290 4.57%
    <20% 54 $10,290,000 $190,556 $3,071 4.54%
    45% 25 $5,705,000 $228,200 $3,581 4.50%
    36% 21 $4,525,000 $215,476 $3,894 4.60%
    44% 20 $5,300,000 $265,000 $2,976 4.65%
    46% 19 $4,235,000 $222,895 $3,380 4.68%
    37% 18 $4,100,000 $227,778 $3,482 4.64%
    41% 16 $3,720,000 $232,500 $3,323 4.66%
    39% 16 $2,510,000 $156,875 $3,390 4.97%
    43% 15 $3,035,000 $202,333 $3,929 4.71%
    47% 15 $3,685,000 $245,667 $3,441 4.77%
    40% 14 $3,200,000 $228,571 $2,837 4.58%
    42% 13 $2,425,000 $186,538 $3,254 4.74%
    38% 11 $2,295,000 $208,636 $3,877 4.70%
    48% 8 $1,870,000 $233,750 $2,973 4.66%
    50-60% 7 $2,545,000 $363,571 $2,221 4.46%
    49% 5 $1,105,000 $221,000 $3,682 4.82%
    >60% 5 $1,015,000 $203,000 $3,282 4.58%

    Entegra Bank lent most frequently to those with DTI ratios of 20-30%, with 125 originations. The next most common DTI ratio? 30-36%, with 85 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 502 $105,650,000 $210,458 $3,250 4.66%
    Not applicable 81 $37,195,000 $459,198 $0 5.20%
    Not provided 13 $2,465,000 $189,615 $2,992 4.53%
    Black 7 $1,785,000 $255,000 $3,301 4.80%
    Asian 7 $1,145,000 $163,571 $3,049 4.81%
    American Indian 3 $865,000 $288,333 $3,789 4.16%
    Native Hawaiian or Islander 1 $245,000 $245,000 $2,608 5.38%

    Approval Rates

    Total approvals of all applications
    84.40%

    Entegra Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.94%

    Entegra Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 614 $149,350,000 $243,241

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 9 $5,205,000 $578,333
    Multifamily:Site-Built 21 $22,665,000 $1,079,286
    Single Family (1-4 Units):Manufactured 63 $4,995,000 $79,286
    Single Family (1-4 Units):Site-Built 521 $116,485,000 $223,580

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $10,175,000 $236,628 $3,317 4.54%
    40-60% 82 $16,540,000 $201,707 $3,346 4.61%
    60-80% 273 $72,165,000 $264,341 $3,366 4.79%
    80-100% 200 $45,640,000 $228,200 $3,149 4.76%
    Over 100% 2 $800,000 $400,000 $2,846 4.50%
    Under 20% 13 $3,935,000 $302,692 $1,861 4.48%