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 and Cash Out Refi loans. Blue Sky Bank has a high proportion of conventional loans. Their top two markets are Tulsa and Stillwater .Blue Sky Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
25Origination Dollar Volume (All Markets)
$4,555,000Top 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 |
|---|---|---|---|---|---|
| TULSA, OK (FHA|USDA|VA) | 23 | $3,985,000 | $173,261 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 25 | $4,555,000 | $182,200 | $0 | 0.00% |
For 2018, Blue Sky Bank's most frequently originated type of loan was Conventional, with 25 originations.
Loan Reason
For 2018, Blue Sky Bank's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 25 | $4,555,000 | $182,200 | $0 | 0.00% |
For 2018, Blue Sky Bank's most frequently cited loan duration was Other, with 25 originations.
Loan Sizing
2018 saw Blue Sky Bank place emphasis on $100,000 or less loans with 14 originations, totaling $670,000 in origination value.
Applicant Income
Blue Sky Bank lent most frequently to those with incomes in the $100k-150k range, with 3 originations. The second most popular income band? $50k-75k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 25 | $4,555,000 | $182,200 | $0 | 0.00% |
Blue Sky Bank lent most frequently to those with DTI ratios of Exempt%, with 25 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.30%
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 origination96.00%
Blue Sky Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 25 | $4,555,000 | $182,200 |