Bank Of The Bluegrass & Trust Co. Mortgage Rates, Fees & Info

Lexington, KY

LEI: 549300FORCF9PNPUG275

Tax ID: 61-0415485

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Bank Of The Bluegrass & Trust Co. is a smaller bank specializing in Home Purchase loans. Bank Of The Bluegrass & Trust Co. has a high proportion of conventional loans. Their top markets by origination volume include: Lexington, Danville, Frankfort, Mount Sterling, and Richmond among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bank Of The Bluegrass & Trust Co. has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    48

    Origination Dollar Volume (All Markets)

    $18,350,000

    Top 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
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 41 $16,555,000 $403,780 $0 0.00%
    Danville, KY (FHA|USDA|VA) 3 $1,145,000 $381,667 $0 0.00%
    Frankfort, KY (FHA|USDA|VA) 2 $460,000 $230,000 $0 0.00%
    Mount Sterling, KY (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Richmond-Berea, KY (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Bank Of The Bluegrass & Trust Co.'s top markets include Lexington, Danville, Frankfort, Mount Sterling, and Richmond among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 48 $18,350,000 $382,292 $0 0.00%

    For 2023, Bank Of The Bluegrass & Trust Co.'s most frequently originated type of loan was Conventional, with 48 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 34 $13,730,000 $403,824 $0 0.00%
    Refi 10 $3,010,000 $301,000 $0 0.00%
    Other 2 $1,280,000 $640,000 $0 0.00%
    Home Improvement 1 $115,000 $115,000 $0 0.00%
    Cash Out Refi 1 $215,000 $215,000 $0 0.00%

    For 2023, Bank Of The Bluegrass & Trust Co.'s most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 48 $18,350,000 $382,292 $0 0.00%

    For 2023, Bank Of The Bluegrass & Trust Co.'s most frequently cited loan duration was Other, with 48 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 20 $5,410,000 $270,500 $0 0.00%
    $100k-200k 8 $1,170,000 $146,250 $0 0.00%
    $600k-1MM 8 $6,100,000 $762,500 $0 0.00%
    $100,000 or less 6 $340,000 $56,667 $0 0.00%
    $400k-600k 4 $1,990,000 $497,500 $0 0.00%
    $1MM+ 2 $3,340,000 $1,670,000 $0 0.00%

    2023 saw Bank Of The Bluegrass & Trust Co. place emphasis on $200k-400k loans with 20 originations, totaling $5,410,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 9 $2,055,000 $228,333 $0 0.00%
    $250k+ 9 $5,735,000 $637,222 $0 0.00%
    $150k-250k 3 $1,505,000 $501,667 $0 0.00%
    $50k-75k 2 $390,000 $195,000 $0 0.00%
    $50k or less 2 $70,000 $35,000 $0 0.00%
    $75k-100k 2 $680,000 $340,000 $0 0.00%

    Bank Of The Bluegrass & Trust Co. lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $250k+, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 48 $18,350,000 $382,292 $0 0.00%

    Bank Of The Bluegrass & Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 48 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 23 $9,645,000 $419,348 $0 0.00%
    Not applicable 21 $7,915,000 $376,905 $0 0.00%
    Not provided 1 $365,000 $365,000 $0 0.00%
    Black 2 $280,000 $140,000 $0 0.00%
    Asian 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.35%

    Bank Of The Bluegrass & Trust Co. has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    47.92%

    Bank Of The Bluegrass & Trust Co. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 48 $18,350,000 $382,292

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    48 $18,350,000 $382,292