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, Cape Girardeau, and Port St. Lucie among others. We have data for 5 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
178Origination Dollar Volume (All Markets)
$34,010,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 99 | $18,195,000 | $183,788 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 62 | $12,980,000 | $209,355 | $0 | 0.00% |
| Farmington, MO (FHA|USDA|VA) | 12 | $1,770,000 | $147,500 | $0 | 0.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $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.
Similarity Rank: 59
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 178 | $34,010,000 | $191,067 | $0 | 0.00% |
For 2022, Bloomsdale Bank's most frequently originated type of loan was Conventional, with 178 originations.
Loan Reason
For 2022, Bloomsdale Bank's most frequently cited loan purpose was Home Purchase, with 98 originations. The 2nd most popular reason was Cash Out Refi, with 37 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 178 | $34,010,000 | $191,067 | $0 | 0.00% |
For 2022, Bloomsdale Bank's most frequently cited loan duration was Other, with 178 originations.
Loan Sizing
2022 saw Bloomsdale Bank place emphasis on $100k-200k loans with 64 originations, totaling $9,290,000 in origination value.
Applicant Income
Bloomsdale Bank lent most frequently to those with incomes in the $100k-150k range, with 45 originations. The second most popular income band? $50k-75k, with 32 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 178 | $34,010,000 | $191,067 | $0 | 0.00% |
Bloomsdale Bank lent most frequently to those with DTI ratios of Exempt%, with 178 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 154 | $30,780,000 | $199,870 | $0 | 0.00% |
| Not applicable | 24 | $3,230,000 | $134,583 | $0 | 0.00% |
Approval Rates
Total approvals of all applications95.52%
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 origination92.13%
Bloomsdale Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 178 | $34,010,000 | $191,067 |