Blue Sky Bank Mortgage Rates, Fees & Info
CLEVELAND, OKLEI: 254900E211LMPD5PAM20
Tax ID: 73-0368670
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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, Tulsa, Oklahoma City, Stillwater, and San Antonio among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Blue Sky 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.
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Originations
52Origination Dollar Volume (All Markets)
$19,740,000Top 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 | $11,105,000 | $11,105,000 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 22 | $3,330,000 | $151,364 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 9 | $1,485,000 | $165,000 | $0 | 0.00% |
| Stillwater, OK (FHA|USDA|VA) | 10 | $1,430,000 | $143,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $665,000 | $133,000 | $0 | 0.00% |
| Duncan, OK (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Ardmore, OK (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Muskogee, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Weatherford, OK (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 52 | $19,740,000 | $379,615 | $0 | 0.00% |
For 2024, Blue Sky Bank's most frequently originated type of loan was Conventional, with 52 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 37 | $17,055,000 | $460,946 | $0 | 0.00% |
| Refi | 15 | $2,685,000 | $179,000 | $0 | 0.00% |
For 2024, Blue Sky Bank's most frequently cited loan purpose was Home Purchase, with 37 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 | 52 | $19,740,000 | $379,615 | $0 | 0.00% |
For 2024, Blue Sky Bank's most frequently cited loan duration was Other, with 52 originations.
Loan Sizing
2024 saw Blue Sky Bank place emphasis on $100k-200k loans with 26 originations, totaling $3,690,000 in origination value.
Applicant Income
Blue Sky Bank lent most frequently to those with incomes in the $150k-250k range, with 4 originations. The second most popular income band? $50k-75k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 52 | $19,740,000 | $379,615 | $0 | 0.00% |
Blue Sky Bank lent most frequently to those with DTI ratios of Exempt%, with 52 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.51%
Blue Sky Bank has a below average approval rate.
Pick Rate
Approvals leading to origination84.62%
Blue Sky Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 52 | $19,740,000 | $379,615 |