Ennkar at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 8 reverse-mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
57th7.5% deniedProcesswithdrawn + incomplete share, weight 15%
14th29.0%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 390 | 199 | 5.6% | 9.9% | 7.55% | $44M |
| 2024 | 280 | 171 | 7.9% | 11.2% | 7.13% | $49M |
| 2025 | 245 | 148 | 5.3% | 7.5% | 6.38% | $61M |
What Ennkar lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 173 home-equity lines, 245 reverse mortgages, 6 manufactured homes, 0 investment properties.
Why Ennkar denies applications
Primary reason reported for each of the 13 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Ennkar
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 193 | 114 | 8.2% |
| $50k – $100k | 47 | 31 | 5.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 65–74 | 93 | 57 | 6.1% |
| Over 74 | 138 | 84 | 8.9% |
Where Ennkar lends
14 states and 99 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 122 | 80 | 4.9% | 6.56% | #409 |
| Florida | 35 | 19 | 8.6% | 6.13% | #656 |
| Texas | 19 | 9 | 5.3% | 6.88% | #869 |
| Colorado | 16 | 7 | 6.3% | 6.50% | #438 |
| Arizona | 13 | 5 | 0.0% | 5.88% | #466 |
| North Carolina | 9 | 7 | 0.0% | 6.00% | #647 |
| Washington | 8 | 6 | 25.0% | 6.31% | #483 |
| Pennsylvania | 7 | 5 | 0.0% | 6.13% | #737 |
| Hawaii | 5 | 5 | 0.0% | 6.13% | #197 |
Frequently asked questions
Ennkar denied 7.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 57th percentile of reverse-mortgage lenders.
The most common reason Ennkar gave in 2025 was "insufficient cash", cited on 38.5% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Ennkar originated in 2025 was 6.38%, and its median rate spread over the average prime offer rate was 0.00 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 1% of its applications were for home purchases, 96% for refinancing (including cash-out), and 4% for home improvement or other purposes. By loan type: 32% conventional, 68% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.