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 Home Improvement loans. Blue Sky Bank has a high proportion of conventional loans. Their top (well, only) market is Tulsa.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
14Origination Dollar Volume (All Markets)
$5,730,000Top 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) | 13 | $5,585,000 | $429,615 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 14 | $5,730,000 | $409,286 | $0 | 0.00% |
For 2019, Blue Sky Bank's most frequently originated type of loan was Conventional, with 14 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 7 | $2,205,000 | $315,000 | $0 | 0.00% |
| Home Improvement | 5 | $3,065,000 | $613,000 | $0 | 0.00% |
| Refi | 2 | $460,000 | $230,000 | $0 | 0.00% |
For 2019, Blue Sky Bank's most frequently cited loan purpose was Home Purchase, with 7 originations. The 2nd most popular reason was Home Improvement, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 14 | $5,730,000 | $409,286 | $0 | 0.00% |
For 2019, Blue Sky Bank's most frequently cited loan duration was Other, with 14 originations.
Loan Sizing
2019 saw Blue Sky Bank place emphasis on $100k-200k loans with 6 originations, totaling $770,000 in origination value.
Applicant Income
Blue Sky Bank lent most frequently to those with incomes in the $50k or less range, with 3 originations. The second most popular income band? $150k-250k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 14 | $5,730,000 | $409,286 | $0 | 0.00% |
Blue Sky Bank lent most frequently to those with DTI ratios of Exempt%, with 14 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 8 | $4,970,000 | $621,250 | $0 | 0.00% |
| White | 6 | $760,000 | $126,667 | $0 | 0.00% |
Approval Rates
Total approvals of all applications93.75%
Blue Sky Bank has an average approval rate.
Pick Rate
Approvals leading to origination92.86%
Blue Sky Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 14 | $5,730,000 | $409,286 |