v3.26.1
Warehouse Lines of Credit (Tables)
 3 Months Ended
Mar. 31, 2026
Warehouse Lines Of Credit  
Schedule of Credit Facilities The below table has dollars in millions.
March 31, 2026
LenderBorrowing CapacityOutstanding BorrowingsWeighted -Average Interest Rate on Outstanding Borrowings
Bank A1
$8.0 $4.8 6.11 %
Bank B2
$10.0 $5.6 6.45 %
Bank C3
$10.0 $2.1 6.07 %
December 31, 2025
LenderBorrowing CapacityOutstanding BorrowingsWeighted -Average Interest Rate on Outstanding Borrowings
Bank A1
$8.0 $6.3 6.10 %
Bank B2
$10.0 $2.3 6.46 %
Bank C3
$10.0 $6.5 6.24 %
(1) Bank A's interest on funds borrowed is equal to the greater of (i) 5.50%, or (ii) the 30-Day Secured Overnight Financing Rate ("SOFR") plus 2.438%. The agreement ends on August 31, 2026. Encompass was in compliance with debt covenants under this facility as of March 31, 2026.

(2) Bank B's interest on funds borrowed is equal to the note rate. The agreement does not expire and can be canceled by either party at any time. As of March 31, 2026, Encompass was not in compliance with certain of these debt covenants under this facility related to earnings. Pursuant to the agreement signed May 6, 2026, Encompass received a waiver for the non-compliant covenant.

(3) Bank C's interest on funds borrowed is equal to the greater of (i) 4.50%, or (ii) the 30-Day SOFR plus 2.40%. The agreement ends in May 2027. Encompass was in compliance with debt covenants under this facility as of March 31, 2026.