Blue Grass Savings Bank Mortgage Rates, Fees & Info
Blue Grass, IALEI: 549300HR2TLJ7IGFMV18
Tax ID: 42-0144560
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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 markets by origination volume include: Davenport, Rockford, Clinton, Cedar Rapids, and Philadelphia among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Blue Grass Savings Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
164Origination Dollar Volume (All Markets)
$19,190,000Top 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) | 148 | $16,310,000 | $110,203 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $1,270,000 | $211,667 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Clinton, IA (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Muscatine, IA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 164 | $19,190,000 | $117,012 | $0 | 0.00% |
For 2022, Blue Grass Savings Bank's most frequently originated type of loan was Conventional, with 164 originations.
Loan Reason
For 2022, Blue Grass Savings Bank's most frequently cited loan purpose was Home Purchase, with 106 originations. The 2nd most popular reason was Refi, with 33 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 164 | $19,190,000 | $117,012 | $0 | 0.00% |
For 2022, Blue Grass Savings Bank's most frequently cited loan duration was Other, with 164 originations.
Loan Sizing
2022 saw Blue Grass Savings Bank place emphasis on $100,000 or less loans with 101 originations, totaling $6,145,000 in origination value.
Applicant Income
Blue Grass Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 14 originations. The second most popular income band? $150k-250k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 164 | $19,190,000 | $117,012 | $0 | 0.00% |
Blue Grass Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 164 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 113 | $11,835,000 | $104,735 | $0 | 0.00% |
| White | 51 | $7,355,000 | $144,216 | $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 origination98.78%
Blue Grass Savings Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 164 | $19,190,000 | $117,012 |