Blue Grass Savings Bank Mortgage Rates, Fees & Info
Blue Grass, IALEI: 549300HR2TLJ7IGFMV18
Tax ID: 42-0144560
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Mortgage Data
Review & Overview
Blue Grass Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Blue Grass Savings Bank has a high proportion of conventional loans. Their top two markets are Davenport and Muscatine .Blue Grass Savings Bank has an above average approval rate when compared to the average across all lenders.
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Originations
115Origination Dollar Volume (All Markets)
$11,675,000Top 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 |
|---|---|---|---|---|---|
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 110 | $10,960,000 | $99,636 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $510,000 | $255,000 | $0 | 0.00% |
| Muscatine, IA (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 115 | $11,675,000 | $101,522 | $0 | 0.00% |
For 2023, Blue Grass Savings Bank's most frequently originated type of loan was Conventional, with 115 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 72 | $8,250,000 | $114,583 | $0 | 0.00% |
| Refi | 26 | $2,750,000 | $105,769 | $0 | 0.00% |
| Home Improvement | 17 | $675,000 | $39,706 | $0 | 0.00% |
For 2023, Blue Grass Savings Bank's most frequently cited loan purpose was Home Purchase, with 72 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 | 115 | $11,675,000 | $101,522 | $0 | 0.00% |
For 2023, Blue Grass Savings Bank's most frequently cited loan duration was Other, with 115 originations.
Loan Sizing
2023 saw Blue Grass Savings Bank place emphasis on $100,000 or less loans with 71 originations, totaling $4,285,000 in origination value.
Applicant Income
Blue Grass Savings Bank lent most frequently to those with incomes in the $75k-100k range, with 8 originations. The second most popular income band? $150k-250k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 115 | $11,675,000 | $101,522 | $0 | 0.00% |
Blue Grass Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 115 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 84 | $9,020,000 | $107,381 | $0 | 0.00% |
| White | 31 | $2,655,000 | $85,645 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Blue Grass Savings 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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 115 | $11,675,000 | $101,522 |