Bank Of The Bluegrass & Trust Co. Mortgage Rates, Fees & Info
Lexington, KYLEI: 549300FORCF9PNPUG275
Tax ID: 61-0415485
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of The Bluegrass & Trust Co. is a smaller bank specializing in Refi and Home Purchase loans. Bank Of The Bluegrass & Trust Co. has a high proportion of conventional loans. Their top markets by origination volume include: Lexington, Frankfort, and Richmond among others. We have data for 4 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.
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Originations
87Origination Dollar Volume (All Markets)
$25,295,000Top 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 |
|---|---|---|---|---|---|
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 83 | $24,585,000 | $296,205 | $0 | 0.00% |
| Frankfort, KY (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
| Richmond-Berea, KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $195,000 | $195,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 87 | $25,295,000 | $290,747 | $0 | 0.00% |
For 2018, Bank Of The Bluegrass & Trust Co.'s most frequently originated type of loan was Conventional, with 87 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 48 | $14,150,000 | $294,792 | $0 | 0.00% |
| Home Purchase | 35 | $10,545,000 | $301,286 | $0 | 0.00% |
| Other | 4 | $600,000 | $150,000 | $0 | 0.00% |
For 2018, Bank Of The Bluegrass & Trust Co.'s most frequently cited loan purpose was Refi, with 48 originations. The 2nd most popular reason was Home Purchase, with 35 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 87 | $25,295,000 | $290,747 | $0 | 0.00% |
For 2018, Bank Of The Bluegrass & Trust Co.'s most frequently cited loan duration was Other, with 87 originations.
Loan Sizing
2018 saw Bank Of The Bluegrass & Trust Co. place emphasis on $100,000 or less loans with 40 originations, totaling $2,270,000 in origination value.
Applicant Income
Bank Of The Bluegrass & Trust Co. lent most frequently to those with incomes in the $250k+ range, with 13 originations. The second most popular income band? $50k or less, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 87 | $25,295,000 | $290,747 | $0 | 0.00% |
Bank Of The Bluegrass & Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 87 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.32%
Bank Of The Bluegrass & Trust Co. has an average approval rate.
Pick Rate
Approvals leading to origination57.47%
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 | 87 | $25,295,000 | $290,747 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 11 | $11,135,000 | $1,012,273 |
| Single Family (1-4 Units):Site-Built | 76 | $14,160,000 | $186,316 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | FHA mortgage | Closing on a mortgage | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Closing on a mortgage | 2 | 7.4% |
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 14.8% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 2 | 7.4% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 4 | 14.8% |
| BANK OF THE WEST | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 3 | 11.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 5 | 18.5% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 3.7% |