Emprise Bank Mortgage Rates, Fees & Info

Wichita, KS

LEI: D32W5EBLENJC27207O81

Tax ID: 48-0807333

5 stars - Updated: 6/9/24 - out of 5 stars, based on 26 reviews

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

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Mortgage Data

Review & Overview

Emprise Bank is a smaller bank specializing in Refi and Home Purchase loans. Emprise Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wichita, Kansas City, Lawrence, Omaha, and Hays among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

Emprise 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. Emprise 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 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.

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
Home Equity Line of Credit (HELOC) 6.27% 6/9/24
30 Year Conventional Purchase 6.35% 6/9/24
30 Year Conventional Refi 6.42% 6/9/24
30 Year Cash-out Refi 6.35% 6/9/24
15 Year Conventional Purchase 5.89% 6/9/24
15 Year Conventional Refi 5.83% 6/9/24
15 Year Cash-out Refi 5.83% 6/9/24
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.

Emprise Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Emprise 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

668

Origination Dollar Volume (All Markets)

$149,690,000

Awards

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

Relative Rate

Emprise Bank's average 30 year fixed mortgage rate was 6.53%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.05%.

Relative Fees (Closing Costs)

Emprise Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $2,817.

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
WICHITA, KS (FHA|USDA|VA) 509 $73,145,000 $143,703 $3,464 7.53%
KANSAS CITY, MO-KS (FHA|USDA|VA) 14 $32,990,000 $2,356,429 $1,532 7.08%
LAWRENCE, KS (FHA|USDA|VA) 23 $15,435,000 $671,087 $465 7.49%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $13,690,000 $6,845,000 $0 7.54%
Hays, KS (FHA|USDA|VA) 15 $4,165,000 $277,667 $2,536 7.56%
Outside of Metro Areas 79 $4,155,000 $52,595 $1,835 7.63%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $1,905,000 $1,905,000 $0 3.85%
TOPEKA, KS (FHA|USDA|VA) 4 $910,000 $227,500 $2,167 7.00%
Kalispell, MT (FHA|USDA|VA) 1 $825,000 $825,000 $0 7.65%
McPherson, KS (FHA|USDA|VA) 6 $740,000 $123,333 $1,804 7.11%
Hutchinson, KS (FHA|USDA|VA) 3 $505,000 $168,333 $0 7.91%
Emporia, KS (FHA|USDA|VA) 2 $340,000 $170,000 $2,368 6.13%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $295,000 $295,000 $0 6.50%
Warrensburg, MO (FHA|USDA|VA) 1 $145,000 $145,000 $0 9.50%
Winfield, KS (FHA|USDA|VA) 3 $145,000 $48,333 $1,224 6.80%
Salina, KS (FHA|USDA|VA) 1 $145,000 $145,000 $1,932 6.63%
Atchison, KS (FHA|USDA|VA) 1 $95,000 $95,000 $2,075 6.75%
MANHATTAN, KS (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.50%
Coffeyville, KS (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.75%
Emprise Bank's top markets include Wichita, Kansas City, Lawrence, Omaha, and Hays among others.

Their top states include:
  • Kansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Similar Lenders

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

    PANHANDLE FEDERAL CREDIT UNION
    Similarity Rank: 6
    HOME BANK AND TRUST COMPANY
    Similarity Rank: 60
    GOLDEN PLAINS
    Similarity Rank: 176
    Intrust Bank
    Similarity Rank: 315
    MID AMERICAN
    Similarity Rank: 341
    Emprise Bank
    Similarity Rank: 361
    Wichita Federal Credit Union
    Similarity Rank: 413
    MERITRUST Federal Credit Union
    Similarity Rank: 494
    Members Mortgage Services, L.L.C.
    Similarity Rank: 551
    CREDIT UNION OF AMERICA
    Similarity Rank: 768

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 408 $23,090,000 $56,593 n/a 7.88%
    Conventional 260 $126,600,000 $486,923 $2,927 6.95%

    For 2023, Emprise Bank's most frequently originated type of loan was HELOC, with 408 originations. Their 2nd most popular type was Conventional, with 260 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 207 $14,505,000 $70,072 $879 7.67%
    Refi 197 $33,645,000 $170,787 $1,722 7.82%
    Home Purchase 156 $95,570,000 $612,628 $4,213 7.00%
    Other 108 $5,970,000 $55,278 $1,012 7.44%

    For 2023, Emprise Bank's most frequently cited loan purpose was Home Improvement, with 207 originations. The 2nd most popular reason was Refi, with 197 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 209 $28,155,000 $134,713 $9,960 8.83%
    10 Year 193 $13,565,000 $70,285 $813 7.09%
    5 Year 160 $79,190,000 $494,938 $299 6.95%
    30 Year 58 $15,530,000 $267,759 $2,817 6.53%
    20 Year 17 $3,115,000 $183,235 $2,690 6.43%
    15 Year 15 $2,315,000 $154,333 $2,609 6.01%
    1 Year 7 $1,395,000 $199,286 $0 8.36%
    30+ year 6 $5,370,000 $895,000 $14,148 6.17%
    3 Year 3 $1,055,000 $351,667 $0 7.67%

    For 2023, Emprise Bank's most frequently cited loan duration was Other, with 209 originations. The 2nd most popular length was 10 Year, with 193 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 123 $21,045,000 $171,098
    $5k+ 9 $8,675,000 $963,889
    $1k-2k 7 $1,795,000 $256,429

    Emprise Bank's average total fees were $2,817, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 123 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 254 $17,150,000 $67,520
    6-7% 180 $90,570,000 $503,167
    7-8% 137 $27,055,000 $197,482
    5-6% 94 $12,490,000 $132,872
    3-4% 2 $2,210,000 $1,105,000
    4-5% 1 $215,000 $215,000

    During 2023, Emprise Bank's average interest rate for loans was 6.53%, while their most frequently originated rate bucket for loans was Over 8%, with 254 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 462 $18,370,000 $39,762 $1,159 7.72%
    $100k-200k 86 $12,010,000 $139,651 $2,397 7.30%
    $200k-400k 68 $18,370,000 $270,147 $2,873 7.14%
    $1MM+ 20 $82,040,000 $4,102,000 $17,006 6.59%
    $400k-600k 20 $9,600,000 $480,000 $3,824 6.78%
    $600k-1MM 12 $9,300,000 $775,000 $10,924 6.52%

    2023 saw Emprise Bank place emphasis on $100,000 or less loans with 462 originations, totaling $18,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 135 $6,885,000 $51,000 $1,992 7.51%
    $100k-150k 108 $7,420,000 $68,704 $2,108 7.58%
    $75k-100k 89 $5,865,000 $65,899 $1,751 7.55%
    $150k-250k 85 $10,595,000 $124,647 $3,169 7.74%
    $50k or less 80 $3,060,000 $38,250 $1,405 7.43%
    $250k+ 41 $18,375,000 $448,171 $7,480 7.09%

    Emprise Bank lent most frequently to those with incomes in the $50k-75k range, with 135 originations. The second most popular income band? $100k-150k, with 108 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 170 $16,440,000 $96,706 $3,262 7.36%
    <20% 136 $11,210,000 $82,426 $2,045 7.70%
    30-36% 111 $10,755,000 $96,892 $2,900 7.53%
    39% 29 $1,425,000 $49,138 $1,566 7.73%
    38% 21 $1,745,000 $83,095 $2,192 7.70%
    37% 20 $2,300,000 $115,000 $3,346 7.28%
    36% 14 $1,920,000 $137,143 $6,897 7.64%
    41% 10 $2,170,000 $217,000 $6,188 7.53%
    40% 6 $370,000 $61,667 $1,474 6.70%
    43% 6 $570,000 $95,000 $2,494 7.16%
    44% 5 $885,000 $177,000 $2,129 6.69%
    >60% 4 $140,000 $35,000 $299 8.71%
    42% 3 $795,000 $265,000 $2,515 7.03%
    45% 2 $60,000 $30,000 $0 6.43%
    46% 1 $195,000 $195,000 $2,467 7.00%
    47% 1 $115,000 $115,000 $0 9.25%

    Emprise Bank lent most frequently to those with DTI ratios of 20-30%, with 170 originations. The next most common DTI ratio? <20%, with 136 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 99 $92,685,000 $936,212 $0 7.41%
    White 514 $47,800,000 $92,996 $2,641 7.55%
    Black 12 $3,670,000 $305,833 $5,914 7.22%
    Asian 12 $3,240,000 $270,000 $7,326 7.36%
    Not provided 18 $1,650,000 $91,667 $2,948 7.56%
    American Indian 11 $565,000 $51,364 $2,548 7.38%
    Vietnamese 1 $45,000 $45,000 $0 8.50%
    Filipino 1 $35,000 $35,000 $0 9.00%

    Approval Rates

    Total approvals of all applications
    71.33%

    Emprise Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.93%

    Emprise Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.82 1 $25,000 $25,000
    NA 667 $149,665,000 $224,385

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    668 $149,690,000 $224,087

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 178 $25,580,000 $143,708 $1,241 7.73%
    40-60% 83 $17,425,000 $209,940 $2,115 7.31%
    60-80% 108 $66,450,000 $615,278 $3,833 7.04%
    80-100% 66 $22,200,000 $336,364 $4,468 6.99%
    Under 20% 233 $18,035,000 $77,403 $629 7.81%