Emprise Bank Mortgage Rates, Fees & Info
Wichita, KSLEI: D32W5EBLENJC27207O81
Tax ID: 48-0807333
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/21/24 |
| 30 Year Conventional Purchase | 6.35% | 4/21/24 |
| 30 Year Conventional Refi | 6.42% | 4/21/24 |
| 30 Year Cash-out Refi | 6.35% | 4/21/24 |
| 15 Year Conventional Purchase | 5.89% | 4/21/24 |
| 15 Year Conventional Refi | 5.83% | 4/21/24 |
| 15 Year Cash-out Refi | 5.83% | 4/21/24 |
| 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
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This is not an official calculator from Emprise Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
668Origination Dollar Volume (All Markets)
$149,690,000Awards
Emprise Bank - 2023
Emprise Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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.
Similarity Rank: 6
Similarity Rank: 60
Similarity Rank: 176
Similarity Rank: 315
Similarity Rank: 341
Similarity Rank: 361
Similarity Rank: 413
Similarity Rank: 494
Similarity Rank: 551
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
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
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
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
2023 saw Emprise Bank place emphasis on $100,000 or less loans with 462 originations, totaling $18,370,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications71.33%
Emprise Bank has a below average approval rate.
Pick Rate
Approvals leading to origination82.93%
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 |