Blue Sky Bank Mortgage Rates, Fees & Info
CLEVELAND, OKLEI: 254900E211LMPD5PAM20
Tax ID: 73-0368670
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Mortgage Data
Review & Overview
Blue Sky Bank is a smaller bank specializing in Home Purchase loans. Blue Sky Bank has a high proportion of conventional loans. Their top markets by origination volume include: Houston, San Antonio, Tulsa, Dallas, and Oklahoma City among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Blue Sky Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
83Origination Dollar Volume (All Markets)
$45,585,000Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $14,505,000 | $14,505,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $9,400,000 | $2,350,000 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 33 | $5,295,000 | $160,455 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $4,355,000 | $4,355,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 23 | $3,525,000 | $153,261 | $0 | 0.00% |
| Hailey, ID (FHA|USDA|VA) | 1 | $2,715,000 | $2,715,000 | $0 | 0.00% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $1,915,000 | $1,915,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 8 | $1,870,000 | $233,750 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 0.00% |
| Coffeyville, KS (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $285,000 | $95,000 | $0 | 0.00% |
| Stillwater, OK (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| Bartlesville, OK (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 83 | $45,585,000 | $549,217 | $0 | 0.00% |
For 2023, Blue Sky Bank's most frequently originated type of loan was Conventional, with 83 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 67 | $38,315,000 | $571,866 | $0 | 0.00% |
| Refi | 15 | $7,245,000 | $483,000 | $0 | 0.00% |
| Home Improvement | 1 | $25,000 | $25,000 | $0 | 0.00% |
For 2023, Blue Sky Bank's most frequently cited loan purpose was Home Purchase, with 67 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 83 | $45,585,000 | $549,217 | $0 | 0.00% |
For 2023, Blue Sky Bank's most frequently cited loan duration was Other, with 83 originations.
Loan Sizing
2023 saw Blue Sky Bank place emphasis on $100k-200k loans with 43 originations, totaling $6,155,000 in origination value.
Applicant Income
Blue Sky Bank lent most frequently to those with incomes in the $100k-150k range, with 4 originations. The second most popular income band? $150k-250k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 83 | $45,585,000 | $549,217 | $0 | 0.00% |
Blue Sky Bank lent most frequently to those with DTI ratios of Exempt%, with 83 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.94%
Blue Sky Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.95%
Blue Sky Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 83 | $45,585,000 | $549,217 |