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 Home Purchase and Refi loans. Bank Of The Bluegrass & Trust Co. has a high proportion of conventional loans. Their top markets by origination volume include: Lexington, Columbus, 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
56Origination Dollar Volume (All Markets)
$17,500,000Top 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) | 53 | $16,285,000 | $307,264 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Richmond-Berea, KY (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $305,000 | $305,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 56 | $17,500,000 | $312,500 | $0 | 0.00% |
For 2019, Bank Of The Bluegrass & Trust Co.'s most frequently originated type of loan was Conventional, with 56 originations.
Loan Reason
For 2019, Bank Of The Bluegrass & Trust Co.'s most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 56 | $17,500,000 | $312,500 | $0 | 0.00% |
For 2019, Bank Of The Bluegrass & Trust Co.'s most frequently cited loan duration was Other, with 56 originations.
Loan Sizing
2019 saw Bank Of The Bluegrass & Trust Co. place emphasis on $100,000 or less loans with 21 originations, totaling $1,325,000 in origination value.
Applicant Income
Bank Of The Bluegrass & Trust Co. lent most frequently to those with incomes in the $50k or less range, with 5 originations. The second most popular income band? $100k-150k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 56 | $17,500,000 | $312,500 | $0 | 0.00% |
Bank Of The Bluegrass & Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 56 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 39 | $14,245,000 | $365,256 | $0 | 0.00% |
| White | 17 | $3,255,000 | $191,471 | $0 | 0.00% |
Approval Rates
Total approvals of all applications80.20%
Bank Of The Bluegrass & Trust Co. has a below average approval rate.
Pick Rate
Approvals leading to origination55.36%
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 | 56 | $17,500,000 | $312,500 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 10 | $10,490,000 | $1,049,000 |
| Single Family (1-4 Units):Site-Built | 46 | $7,010,000 | $152,391 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 7.1% |
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Closing on a mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 14.3% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 6 | 42.9% |