Blue Ridge Bank Mortgage Rates, Fees & Info

Martinsville, VA

LEI: 5493007WZXR2YE227I23

Tax ID: 54-1997265

5 stars - out of 5 stars, based on 70 reviews

2020 Data | 2019 Data | 2018 Data


Overview

Blue Ridge Bank is a small bank specializing in Home Purchase and Refi loans. Blue Ridge Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Washington, Virginia Beach, Roanoke, Raleigh, and Frederick among others. They have an above average approval rate for mortages when compared nationally -- and they have an average pick rate when compared to the same sample of other lendors. Blue Ridge Bank is typically an average fee lendor.


Originations

4,897

Origination Dollar Volume (All Markets)

$1,192,525,000

Employee count

362 Show all (13) awards

Relative Rate

Blue Ridge Bank's average 30 year fixed rate mortgage of loans were 3.13%.

The 2020 average 30 year fixed rate mortgage across all markets of loans were 3.36%.

This yields a difference of -0.23%.

Relative Fees

Blue Ridge Bank's average total fees for a 30 year fixed rate mortgage are $4,885.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV (FHA|USDA|VA) 571 $217,605,000 $381,095 $6,561 3.08%
Outside of Metro Areas 861 $158,155,000 $183,688 $4,421 3.18%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 681 $146,335,000 $214,883 $3,846 3.00%
ROANOKE, VA (FHA|USDA|VA) 221 $43,625,000 $197,398 $3,592 3.03%
RALEIGH-CARY, NC (FHA|USDA|VA) 138 $40,500,000 $293,478 $5,202 3.16%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD (FHA|USDA|VA) 94 $38,910,000 $413,936 $6,672 2.98%
SALT LAKE CITY, UT (FHA|USDA|VA) 154 $35,820,000 $232,597 $4,087 3.02%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 132 $31,260,000 $236,818 $4,306 3.19%
RICHMOND, VA (FHA|USDA|VA) 132 $30,110,000 $228,106 $4,207 3.05%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 131 $26,665,000 $203,550 $4,057 3.22%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 132 $25,090,000 $190,076 $2,565 2.98%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 100 $24,690,000 $246,900 $5,289 3.11%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 70 $21,950,000 $313,571 $6,568 3.05%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 81 $21,825,000 $269,444 $4,992 3.22%
WINSTON-SALEM, NC (FHA|USDA|VA) 116 $21,710,000 $187,155 $4,147 3.23%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 64 $20,910,000 $326,719 $5,215 3.40%
WILMINGTON, NC (FHA|USDA|VA) 76 $19,310,000 $254,079 $4,921 3.07%
ASHEVILLE, NC (FHA|USDA|VA) 71 $16,005,000 $225,423 $4,123 2.89%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 47 $14,635,000 $311,383 $3,813 3.07%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA (FHA|USDA|VA) 50 $14,190,000 $283,800 $5,312 3.18%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 71 $13,195,000 $185,845 $4,401 2.98%
LYNCHBURG, VA (FHA|USDA|VA) 67 $11,965,000 $178,582 $3,367 2.98%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 43 $9,785,000 $227,558 $4,400 3.24%
FAYETTEVILLE, NC (FHA|USDA|VA) 42 $9,200,000 $219,048 $5,420 3.25%
COLUMBIA, SC (FHA|USDA|VA) 37 $8,965,000 $242,297 $3,736 3.23%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 31 $7,405,000 $238,871 $3,671 3.24%
ST. GEORGE, UT (FHA|USDA|VA) 38 $7,240,000 $190,526 $3,561 3.15%
SPARTANBURG, SC (FHA|USDA|VA) 34 $6,910,000 $203,235 $4,668 3.01%
OKLAHOMA CITY, OK (FHA|USDA|VA) 29 $6,885,000 $237,414 $4,169 2.88%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 29 $6,285,000 $216,724 $3,395 3.01%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 28 $5,390,000 $192,500 $3,632 3.15%
WINCHESTER, VA-WV (FHA|USDA|VA) 19 $5,335,000 $280,789 $4,466 3.08%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 23 $4,885,000 $212,391 $5,127 2.73%
HARRISONBURG, VA (FHA|USDA|VA) 24 $4,650,000 $193,750 $4,662 3.22%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 16 $4,590,000 $286,875 $6,167 3.02%
BURLINGTON, NC (FHA|USDA|VA) 17 $3,925,000 $230,882 $5,070 3.11%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL (FHA|USDA|VA) 15 $3,505,000 $233,667 $7,342 3.62%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 14 $3,480,000 $248,571 $5,044 3.02%
SALISBURY, MD-DE (FHA|USDA|VA) 12 $3,430,000 $285,833 $4,955 2.95%
JACKSONVILLE, FL (FHA|USDA|VA) 14 $3,160,000 $225,714 $4,906 3.15%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 15 $3,055,000 $203,667 $3,152 3.12%
SAVANNAH, GA (FHA|USDA|VA) 10 $3,020,000 $302,000 $3,945 2.96%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 6 $2,920,000 $486,667 $8,789 2.96%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 6 $2,850,000 $475,000 $6,838 3.31%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 7 $2,425,000 $346,429 $3,781 3.29%
JACKSONVILLE, NC (FHA|USDA|VA) 10 $2,400,000 $240,000 $4,391 3.19%
BRUNSWICK, GA (FHA|USDA|VA) 11 $2,355,000 $214,091 $5,126 2.99%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 11 $2,185,000 $198,636 $3,224 3.19%
STAUNTON, VA (FHA|USDA|VA) 8 $1,950,000 $243,750 $4,321 3.38%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA (FHA|USDA|VA) 4 $1,920,000 $480,000 $7,570 3.06%
SEATTLE-BELLEVUE-KENT, WA (FHA|USDA|VA) 4 $1,910,000 $477,500 $5,405 3.41%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL (FHA|USDA|VA) 6 $1,900,000 $316,667 $11,001 3.44%
GREENVILLE, NC (FHA|USDA|VA) 7 $1,865,000 $266,429 $6,409 2.93%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $1,770,000 $295,000 $5,650 3.35%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 5 $1,565,000 $313,000 $7,948 2.85%
JACKSON, MS (FHA|USDA|VA) 11 $1,505,000 $136,818 $3,200 3.10%
DALLAS-PLANO-IRVING, TX (FHA|USDA|VA) 3 $1,495,000 $498,333 $5,744 2.83%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 7 $1,475,000 $210,714 $5,414 3.04%
WAUSAU-WESTON, WI (FHA|USDA|VA) 12 $1,460,000 $121,667 $3,380 2.90%
BOSTON, MA (FHA|USDA|VA) 2 $1,300,000 $650,000 $5,710 3.06%
SAN RAFAEL, CA (FHA|USDA|VA) 1 $1,265,000 $1,265,000 $20,816 3.00%
PROVO-OREM, UT (FHA|USDA|VA) 2 $1,200,000 $600,000 $8,261 3.06%
NEW BRUNSWICK-LAKEWOOD, NJ (FHA|USDA|VA) 4 $1,170,000 $292,500 $5,023 2.75%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 4 $1,110,000 $277,500 $3,811 3.09%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ (FHA|USDA|VA) 1 $1,085,000 $1,085,000 $15,046 2.88%
ROCKY MOUNT, NC (FHA|USDA|VA) 5 $1,075,000 $215,000 $4,318 3.45%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $1,070,000 $267,500 $4,054 2.97%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 4 $1,020,000 $255,000 $7,659 3.44%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 4 $910,000 $227,500 $4,746 3.06%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 4 $910,000 $227,500 $2,766 2.84%
PITTSBURGH, PA (FHA|USDA|VA) 5 $905,000 $181,000 $4,473 3.33%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $890,000 $222,500 $3,854 3.19%
SUMTER, SC (FHA|USDA|VA) 3 $865,000 $288,333 $3,459 3.08%
NORTH PORT-SARASOTA-BRADENTON, FL (FHA|USDA|VA) 3 $845,000 $281,667 $4,312 2.92%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 3 $835,000 $278,333 $4,253 3.21%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 4 $790,000 $197,500 $3,907 3.31%
MIAMI-MIAMI BEACH-KENDALL, FL (FHA|USDA|VA) 2 $760,000 $380,000 $7,142 2.75%
TACOMA-LAKEWOOD, WA (FHA|USDA|VA) 2 $750,000 $375,000 $7,625 2.31%
TALLAHASSEE, FL (FHA|USDA|VA) 4 $730,000 $182,500 $6,464 3.31%
VALDOSTA, GA (FHA|USDA|VA) 4 $700,000 $175,000 $4,999 3.28%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $695,000 $231,667 $5,981 3.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $685,000 $228,333 $6,424 2.71%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $685,000 $228,333 $2,933 2.92%
FORT WAYNE, IN (FHA|USDA|VA) 4 $630,000 $157,500 $2,843 2.69%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $630,000 $315,000 $6,164 3.25%
ANAHEIM-SANTA ANA-IRVINE, CA (FHA|USDA|VA) 1 $625,000 $625,000 $2,657 3.25%
MANHATTAN, KS (FHA|USDA|VA) 1 $565,000 $565,000 $4,841 2.50%
GOLDSBORO, NC (FHA|USDA|VA) 3 $545,000 $181,667 $6,039 3.25%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 3 $545,000 $181,667 $3,143 2.67%
PHILADELPHIA, PA (FHA|USDA|VA) 2 $530,000 $265,000 $5,416 3.44%
TERRE HAUTE, IN (FHA|USDA|VA) 4 $520,000 $130,000 $2,177 3.13%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $515,000 $515,000 $13,339 2.75%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $515,000 $515,000 $3,880 3.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $510,000 $255,000 $10,362 3.13%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 2 $500,000 $250,000 $4,732 2.50%
ALBANY, GA (FHA|USDA|VA) 1 $495,000 $495,000 $6,262 2.63%
LOS ANGELES-LONG BEACH-GLENDALE, CA (FHA|USDA|VA) 2 $490,000 $245,000 $4,807 3.63%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $485,000 $485,000 $3,809 3.50%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $475,000 $475,000 $10,000 2.63%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $475,000 $475,000 $11,130 3.50%
POCATELLO, ID (FHA|USDA|VA) 1 $475,000 $475,000 $4,966 2.88%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $470,000 $235,000 $6,055 2.69%
RACINE, WI (FHA|USDA|VA) 2 $470,000 $235,000 $3,738 2.94%
COLUMBUS, OH (FHA|USDA|VA) 3 $465,000 $155,000 $4,914 2.79%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA (FHA|USDA|VA) 1 $455,000 $455,000 $3,746 3.63%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $450,000 $225,000 $2,966 3.31%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $450,000 $225,000 $3,796 2.94%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $425,000 $425,000 $3,951 2.88%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 4 $420,000 $105,000 $2,684 3.31%
THE VILLAGES, FL (FHA|USDA|VA) 2 $410,000 $205,000 $4,135 3.00%
CLEVELAND, TN (FHA|USDA|VA) 2 $410,000 $205,000 $4,692 2.94%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $400,000 $200,000 $3,079 3.31%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $385,000 $128,333 $3,073 3.25%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $380,000 $190,000 $4,407 2.69%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $370,000 $185,000 $3,260 3.00%
LAKE COUNTY-KENOSHA COUNTY, IL-WI (FHA|USDA|VA) 2 $360,000 $180,000 $2,169 3.06%
OAKLAND-BERKELEY-LIVERMORE, CA (FHA|USDA|VA) 1 $355,000 $355,000 $3,555 3.13%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $355,000 $355,000 $3,360 2.63%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $345,000 $345,000 $2,464 2.88%
WILMINGTON, DE-MD-NJ (FHA|USDA|VA) 1 $335,000 $335,000 $7,650 3.25%
KNOXVILLE, TN (FHA|USDA|VA) 1 $305,000 $305,000 $3,787 2.50%
NEWARK, NJ-PA (FHA|USDA|VA) 1 $305,000 $305,000 $3,058 2.50%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $295,000 $295,000 $4,618 2.75%
LANCASTER, PA (FHA|USDA|VA) 1 $295,000 $295,000 $7,657 2.63%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $295,000 $295,000 $3,270 2.38%
MUSKEGON, MI (FHA|USDA|VA) 1 $295,000 $295,000 $8,620 2.75%
FORT WORTH-ARLINGTON-GRAPEVINE, TX (FHA|USDA|VA) 1 $285,000 $285,000 $5,187 3.25%
URBAN HONOLULU, HI (FHA|USDA|VA) 1 $285,000 $285,000 $7,751 3.63%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $285,000 $285,000 $3,320 2.75%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $280,000 $140,000 $3,438 3.06%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $275,000 $275,000 $1,183 2.38%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $270,000 $135,000 $4,225 3.31%
LOGAN, UT-ID (FHA|USDA|VA) 1 $265,000 $265,000 $7,549 2.38%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $265,000 $265,000 $3,006 2.50%
DOVER, DE (FHA|USDA|VA) 1 $265,000 $265,000 $7,413 3.63%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $265,000 $265,000 $2,230 2.38%
REDDING, CA (FHA|USDA|VA) 1 $265,000 $265,000 $5,135 3.25%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $260,000 $130,000 $5,734 2.81%
MADISON, WI (FHA|USDA|VA) 1 $255,000 $255,000 $5,776 3.25%
CHICAGO-NAPERVILLE-EVANSTON, IL (FHA|USDA|VA) 1 $245,000 $245,000 $8,425 2.75%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $240,000 $120,000 $2,997 3.56%
BOISE CITY, ID (FHA|USDA|VA) 1 $235,000 $235,000 $4,808 3.50%
MORGANTOWN, WV (FHA|USDA|VA) 1 $235,000 $235,000 $5,746 2.50%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $235,000 $235,000 $11,700 2.88%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $230,000 $115,000 $3,883 3.19%
GARY, IN (FHA|USDA|VA) 1 $225,000 $225,000 $5,834 3.25%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $225,000 $225,000 $9,090 2.75%
ROCHESTER, NY (FHA|USDA|VA) 1 $225,000 $225,000 $5,518 2.88%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,981 3.00%
NASSAU COUNTY-SUFFOLK COUNTY, NY (FHA|USDA|VA) 1 $215,000 $215,000 $5,293 3.13%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $210,000 $105,000 $2,718 3.25%
CHARLESTON, WV (FHA|USDA|VA) 1 $205,000 $205,000 $3,750 2.75%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $205,000 $205,000 $6,685 2.75%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $185,000 $185,000 $6,341 2.38%
GREEN BAY, WI (FHA|USDA|VA) 1 $185,000 $185,000 $2,057 3.25%
NEW BERN, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,769 2.50%
PANAMA CITY, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,573 2.75%
WARREN-TROY-FARMINGTON HILLS, MI (FHA|USDA|VA) 1 $175,000 $175,000 $5,515 3.00%
VALLEJO, CA (FHA|USDA|VA) 1 $175,000 $175,000 $2,720 2.00%
MONTGOMERY, AL (FHA|USDA|VA) 1 $175,000 $175,000 $3,058 2.75%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $175,000 $175,000 $3,171 2.63%
LEBANON, PA (FHA|USDA|VA) 1 $165,000 $165,000 $7,828 2.88%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $165,000 $165,000 $7,122 3.13%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $155,000 $155,000 $2,726 3.38%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $155,000 $155,000 $2,799 2.75%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $5,594 2.88%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $155,000 $155,000 $4,359 2.25%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $145,000 $145,000 $1,401 2.75%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $145,000 $145,000 $3,516 2.75%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $145,000 $145,000 $3,571 2.75%
TOLEDO, OH (FHA|USDA|VA) 1 $145,000 $145,000 $5,846 3.25%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $145,000 $145,000 $2,955 2.50%
TULSA, OK (FHA|USDA|VA) 1 $145,000 $145,000 $3,965 2.50%
MANSFIELD, OH (FHA|USDA|VA) 1 $145,000 $145,000 $3,664 2.88%
LINCOLN, NE (FHA|USDA|VA) 1 $145,000 $145,000 $2,700 2.75%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $135,000 $135,000 $2,547 3.25%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $135,000 $135,000 $2,514 2.75%
ROCKFORD, IL (FHA|USDA|VA) 1 $135,000 $135,000 $2,805 2.63%
EL PASO, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,256 2.63%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $125,000 $125,000 $3,379 2.88%
FORT COLLINS, CO (FHA|USDA|VA) 1 $115,000 $115,000 $2,592 2.88%
LAWTON, OK (FHA|USDA|VA) 1 $105,000 $105,000 $3,443 2.88%
CAMDEN, NJ (FHA|USDA|VA) 1 $105,000 $105,000 $2,646 3.38%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $95,000 $95,000 $3,460 3.50%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $85,000 $85,000 $2,402 3.63%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $85,000 $85,000 $3,750 2.38%
BECKLEY, WV (FHA|USDA|VA) 1 $85,000 $85,000 $3,528 2.63%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $75,000 $75,000 $2,154 2.25%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $75,000 $75,000 $3,178 3.50%
READING, PA (FHA|USDA|VA) 1 $35,000 $35,000 $3,674 3.63%

Blue Ridge Bank's top markets include Washington, Virginia Beach, Roanoke, Raleigh, and Frederick among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,736 $905,940,000 $242,489 $4,030 3.14%
FHA 491 $110,995,000 $226,059 $7,863 3.09%
VA 471 $143,525,000 $304,724 $5,785 2.78%
USDA 199 $32,065,000 $161,131 $5,113 2.93%

For the 2020 period, Blue Ridge Bank's most frequently originated loan type of loans were Conventional, with 3,736 originations. Their 2nd most popular type is FHA, with 491 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,984 $478,160,000 $241,008 $5,406 3.13%
Refi 1,853 $479,425,000 $258,729 $3,989 2.98%
Cash Out Refi 1,060 $234,940,000 $221,642 $4,293 3.23%

For the 2020, Blue Ridge Bank's most frequently cited loan purpose of loans were Home Purchase, with 1,984 originations. The 2nd most popular reason of loans were Refi, with 1,853 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 3,933 $1,000,405,000 $254,362 $4,885 3.13%
15 Year 652 $123,100,000 $188,804 $3,479 2.80%
20 Year 202 $45,270,000 $224,109 $3,573 3.08%
Other 46 $10,290,000 $223,696 $4,682 3.75%
10 Year 43 $6,165,000 $143,372 $2,772 3.00%
30+ year 20 $7,020,000 $351,000 $6,193 4.22%
5 Year 1 $275,000 $275,000 $0 4.00%

For the 2020, Blue Ridge Bank's most frequently cited loan length of loans were 30 Year, with 3,933 originations. The 2nd most popular length of loans were 15 Year, with 652 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,816 $435,460,000 $239,791
$<1k 1,682 $355,740,000 $211,498
$2k-3k 647 $144,185,000 $222,852
$3k-4k 500 $144,700,000 $289,400
$5k+ 227 $108,025,000 $475,881

$4,885 of loans were Blue Ridge Bank's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,816 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 2,101 $527,855,000 $251,240
3-4% 1,985 $465,785,000 $234,652
<2.5% 587 $148,765,000 $253,433
4-5% 203 $46,935,000 $231,207
5-6% 16 $2,810,000 $175,625
6-7% 4 $350,000 $87,500
7-8% 1 $25,000 $25,000

During 2020, Blue Ridge Bank's average interest rate of loans were 3.13%, while their most frequently originated rate bucket of loans were 2.5-3%, with 2,101 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 2,085 $575,795,000 $276,161 $4,935 3.06%
$100k-200k 1,808 $274,290,000 $151,709 $3,775 3.10%
$400k-600k 484 $230,280,000 $475,785 $6,314 3.03%
$100,000 or less 415 $32,255,000 $77,723 $3,224 3.28%
$600k-1MM 94 $66,830,000 $710,957 $9,989 3.08%
$1MM+ 11 $13,075,000 $1,188,636 $19,553 3.38%

2020 saw Blue Ridge Bank place emphasis on $200k-400k loans with 2,085 originations, totaling $575,795,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 1,171 $229,855,000 $196,289 $4,517 3.12%
$100k-150k 993 $277,625,000 $279,582 $4,690 3.09%
$50k or less 878 $125,130,000 $142,517 $4,055 3.13%
$75k-100k 829 $193,695,000 $233,649 $4,578 3.09%
$150k-250k 607 $213,235,000 $351,293 $5,191 3.10%
$250k+ 205 $91,605,000 $446,854 $6,682 3.15%

Blue Ridge Bank lent most frequently to those with incomes in the $50k-75k range, with 1,171 originations. The second most popular income band? $100k-150k, with 993 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,161 $270,385,000 $232,890 $4,119 3.06%
30-36% 877 $209,075,000 $238,398 $4,494 3.14%
<20% 454 $100,450,000 $221,256 $3,654 2.98%
44% 205 $48,525,000 $236,707 $4,794 3.22%
42% 195 $46,345,000 $237,667 $5,043 3.16%
43% 193 $49,955,000 $258,834 $4,774 3.22%
39% 191 $46,375,000 $242,801 $4,893 3.11%
40% 176 $46,850,000 $266,193 $4,947 3.14%
38% 169 $40,025,000 $236,834 $5,167 3.21%
41% 159 $38,365,000 $241,289 $4,788 3.14%
37% 156 $35,670,000 $228,654 $4,639 3.09%
36% 143 $31,755,000 $222,063 $4,662 3.10%
45% 122 $30,300,000 $248,361 $4,933 3.12%
50-60% 120 $34,830,000 $290,250 $8,820 3.10%
48% 98 $28,790,000 $293,776 $5,870 3.08%
47% 97 $26,715,000 $275,412 $5,852 3.21%
46% 87 $23,625,000 $271,552 $4,965 3.14%
49% 77 $21,675,000 $281,494 $5,767 3.02%
>60% 6 $2,170,000 $361,667 $6,420 3.53%

Blue Ridge Bank lent most frequently to those with DTI ratios of 20-30%, with 1,161 originations. The next most common DTI ratio? 30-36%, with 877 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 3,629 $856,625,000 $236,050 $4,446 3.08%
Black 586 $135,890,000 $231,894 $5,441 3.19%
Not provided 404 $117,880,000 $291,782 $4,855 3.07%
Asian 218 $68,260,000 $313,119 $4,935 3.03%
American Indian 37 $8,135,000 $219,865 $4,654 3.20%
Native Hawaiian 7 $1,655,000 $236,429 $4,546 3.16%
Asian Indian 3 $1,375,000 $458,333 $11,381 3.08%
Other Asian 3 $1,025,000 $341,667 $7,187 3.25%
Not applicable 5 $855,000 $171,000 $0 3.91%
Other Pacific Islander 2 $430,000 $215,000 $5,406 2.88%
Filipino 2 $220,000 $110,000 $2,721 2.81%
Chinese 1 $175,000 $175,000 $9,787 3.50%

Approval Rates

Total approvals of all applications
95.78%

Blue Ridge 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 origination
90.69%

Blue Ridge Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 4,897 $1,192,525,000 $243,522

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 49 $5,595,000 $114,184
Single Family (1-4 Units):Site-Built 4,848 $1,186,930,000 $244,829

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 167 $24,665,000 $147,695 $3,292 3.03%
40-60% 636 $133,330,000 $209,638 $3,533 2.97%
60-80% 1,808 $462,070,000 $255,570 $4,192 3.14%
80-100% 2,091 $518,435,000 $247,936 $5,294 3.13%
Over 100% 54 $15,930,000 $295,000 $12,135 2.90%
Under 20% 16 $1,660,000 $103,750 $2,525 3.30%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Blue Ridge Bank, National Association 1 E Market St Martinsville, VA 24112 Full Service B&M $61,934
Blue Ridge Bank, National Association 563 Neff Avenue, Suite B Harrisonburg, VA 22801 Full Service B&M $83,884
Blue Ridge Bank, National Association 600 South Third Street Shenandoah, VA 22849 Full Service B&M $33,340
Blue Ridge Bank, National Association 701 South Main Street Culpeper, VA 22701 Full Service B&M $36,731
Blue Ridge Bank, National Association 10050 Three Notch Road Troy, VA 22974 Full Service B&M $29,780
Blue Ridge Bank, National Association 104 South Main Street Gordonsville, VA 22942 Full Service B&M $9,070
Blue Ridge Bank, National Association 10645 Courthouse Road Fredericksburg, VA 22401 Full Service B&M $18,615
Blue Ridge Bank, National Association 114 Industrial Drive Louisa, VA 23093 Limited, Drive-thru $414
Blue Ridge Bank, National Association 169 Madison Road Orange, VA 22960 Full Service B&M $52,731
Blue Ridge Bank, National Association 17 West Main Street Luray, VA 22835 Full Service B&M $383,355
Blue Ridge Bank, National Association 1807 Seminole Trail Charlottesville, VA 22901 Full Service B&M $91,013
Blue Ridge Bank, National Association 3202 Northline Avenue Greensboro, NC 27408 Full Service B&M $29,276
Blue Ridge Bank, National Association 408 East Main Street Louisa, VA 23093 Full Service B&M $69,447
Blue Ridge Bank, National Association 430 Mineral Avenue Mineral, VA 23117 Full Service B&M $37,606
Blue Ridge Bank, National Association 4677 Main Street Drakes Branch, VA 23937 Full Service B&M $22,708
Blue Ridge Bank, National Association 48 Animal Clinic Road Stuart, VA 24171 Full Service B&M $18,459

For 2020, Blue Ridge Bank had 16 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $54,470
Net interest income $45,785
Total noninterest income $56,646
Gross Fiduciary activities income $0
Service charges on deposit accounts $905
Trading account gains and fees $0
Additional Noninterest Income $55,741
Pre-tax net operating income $25,780
Securities gains (or losses, -) $211
Income before extraordinary items $20,491
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $20,491
Minority interest net income $1
Net income $20,490
Sale, conversion, retirement of capital stock, net $0
Net operating income $20,324

Blue Ridge Bank's gross interest income from loans was $54,470,000.
Blue Ridge Bank's net interest income from loans was $45,785,000.
Blue Ridge Bank's fee based income from loans was $905,000.
Blue Ridge Bank's net income from loans was $20,490,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $8,685
Provision for credit losses $10,450
Total noninterest expense $66,201
Salaries and employee benefits $45,417
Premises and equipment expense $3,551
Additional noninterest expense $17,233
Applicable income taxes $5,500
Net charge-offs $1,196
Cash dividends $0

Blue Ridge Bank's interest expense for loans was $8,685,000.
Blue Ridge Bank's payroll and benefits expense were $45,417,000.
Blue Ridge Bank's property, plant and equipment expenses $3,551,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 1.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 1.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 1.0%
Credit card loans 0.0%
Other individual loans 1.0%
Auto loans 2.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $947,283
Deposits held in domestic offices $947,283
Deposits by Individuals, partnerships, and corporations $841,836
Deposits by U.S. Government $8
Deposits by States and political subdivisions in the U.S. $77,861
Deposits by Commercial banks and other depository institutions in U.S. $27,577
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $447,172
Demand deposits $421,162
Nontransaction accounts $500,110
Money market deposit accounts (MMDAs) $170,315
Other savings deposits (excluding MMDAs) $78,352
Total time deposits $251,443
Total time and savings deposits $526,120
Noninterest-bearing deposits $333,772
Interest-bearing deposits $613,511
Retail deposits $825,301
IRAs and Keogh plan accounts $23,262
Brokered deposits $31,831
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,489,199
Cash & Balances due from depository institutions $117,945
Interest-bearing balances $112,265
Total securities $103,163
Federal funds sold & reverse repurchase $775
Net loans and leases $1,155,798
Loan and leases loss allowance $13,827
Trading account assets $0
Bank premises and fixed assets $20,030
Other real estate owned $0
Goodwill and other intangibles $29,898
All other assets $61,590

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,489,199
Total Liabilities $1,367,817
Total deposits $947,283
Interest-bearing deposits $613,511
Deposits held in domestic offices $947,283
% insured (estimated) $65
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $402,156
Subordinated debt $0
All other liabilities $18,378

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,155,798
Loan and leases loss allowance $13,827
Total loans and leases (domestic) $1,169,625
All real estate loans $741,858
Real estate loans in domestic offices $741,858
Construction and development loans $72,742
Residential 1-4 family construction $18,040
Other construction, all land development and other land $54,702
Loans secured by nonfarm nonresidential properties $247,511
Nonfarm nonresidential secured by owner-occupied properties $87,549
Commercial real estate & other non-farm, non-residential $159,962
Multifamily residential real estate $25,988
1-4 family residential loans $392,002
Farmland loans $3,615
Loans held in foreign offices $0
Farm loans $265
Commercial and industrial loans $380,098
To non-U.S. addressees $0
Loans to individuals $46,684
Credit card loans $514
Related Plans $124
Consumer Auto Loans $24,491
Other loans to individuals $21,555
All other loans & leases $4,991
Loans to foreign governments and official institutions $0
Other loans $639
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $0
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $45
Non 1-4 family restructured loans & leases $45
Total loans and leases (foreign) $0

Blue Ridge Bank had $1,155,798,000 of loans outstanding in 2020. $741,858,000 of loans were in real estate loans. $72,742,000 of loans were in development loans. $25,988,000 of loans were in multifamily mortgage loans. $392,002,000 of loans were in 1-4 family mortgage loans. $265,000 of loans were in farm loans. $514,000 of loans were in credit card loans. $24,491,000 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 268 $66,963 $249,862
Nonfarm, nonresidential loans - <$100k 43 $1,962 $45,628
Nonfarm, nonresidential loans - $100-250k 92 $11,266 $122,457
Nonfarm, nonresidential loans - $250k-1MM 133 $53,735 $404,023
Commercial & Industrial, US addressed loans - <$1MM 579 $52,300 $90,328
Commercial & Industrial, US addressed loans - <$100k 329 $9,727 $29,565
Commercial & Industrial, US addressed loans - $100-250k 144 $14,360 $99,722
Commercial & Industrial, US addressed loans - $250k-1MM 106 $28,213 $266,160
Farmland loans - <$1MM 18 $2,098 $116,556
Farmland loans - <$100k 7 $187 $26,714
Farmland loans - $100-250k 6 $695 $115,833
Farmland loans - $250k-1MM 5 $1,216 $243,200
Agriculture operations loans - <$1MM 10 $265 $26,500
Agriculture operations loans - <$100k 8 $90 $11,250
Agriculture operations loans - $100-250k 2 $175 $87,500