Bloomsdale Bank Mortgage Rates, Fees & Info
Bloomsdale, MOLEI: 254900KRDEAJ7MYWD034
Tax ID: 43-0169770
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bloomsdale Bank is a smaller bank specializing in Home Purchase loans. Bloomsdale Bank has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Farmington, North Port, Cape Girardeau, and Poplar Bluff among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Bloomsdale 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
125Origination Dollar Volume (All Markets)
$28,295,000Top 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 48 | $14,550,000 | $303,125 | $0 | 0.00% |
| Outside of Metro Areas | 65 | $11,745,000 | $180,692 | $0 | 0.00% |
| Farmington, MO (FHA|USDA|VA) | 8 | $940,000 | $117,500 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| Poplar Bluff, MO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Bloomsdale Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 125 | $28,295,000 | $226,360 | $0 | 0.00% |
For 2023, Bloomsdale Bank's most frequently originated type of loan was Conventional, with 125 originations.
Loan Reason
For 2023, Bloomsdale Bank's most frequently cited loan purpose was Home Purchase, with 77 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 125 | $28,295,000 | $226,360 | $0 | 0.00% |
For 2023, Bloomsdale Bank's most frequently cited loan duration was Other, with 125 originations.
Loan Sizing
2023 saw Bloomsdale Bank place emphasis on $200k-400k loans with 44 originations, totaling $12,760,000 in origination value.
Applicant Income
Bloomsdale Bank lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $150k-250k, with 21 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 125 | $28,295,000 | $226,360 | $0 | 0.00% |
Bloomsdale Bank lent most frequently to those with DTI ratios of Exempt%, with 125 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.14%
Bloomsdale 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 origination91.20%
Bloomsdale Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 125 | $28,295,000 | $226,360 |