Bkco Mortgage Rates, Fees & Info
DOVER, DELEI: 549300ILIUB22RTQKQ27
Tax ID: 36-4917779
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Bkco Mortgage is a smaller mortgage company specializing in Home Purchase loans. Bkco Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Seattle, Austin, Portland, Bellingham, and Albuquerque among others. Bkco Mortgage has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Bkco Mortgage is typically an average fee lendor.Originations
495Origination Dollar Volume (All Markets)
$175,625,000Awards
BKCO MORTGAGE - 2021
BKCO MORTGAGE is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Bkco Mortgage 's average 30 year fixed rate mortgage of loans were
3.12%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.03%.
Relative Fees
Bkco Mortgage 's average total fees for a 30 year fixed rate
mortgage are $3,930.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 74 | $34,610,000 | $467,703 | $3,756 | 3.14% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 71 | $26,385,000 | $371,620 | $4,471 | 3.10% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 57 | $20,705,000 | $363,246 | $3,735 | 3.07% |
| BELLINGHAM, WA (FHA|USDA|VA) | 46 | $16,700,000 | $363,043 | $2,804 | 3.10% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 39 | $10,355,000 | $265,513 | $3,140 | 3.17% |
| ANCHORAGE, AK (FHA|USDA|VA) | 21 | $7,165,000 | $341,190 | $4,052 | 2.91% |
| BOISE CITY, ID (FHA|USDA|VA) | 21 | $7,085,000 | $337,381 | $3,122 | 2.98% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 21 | $5,625,000 | $267,857 | $3,966 | 2.94% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 12 | $5,130,000 | $427,500 | $4,776 | 2.85% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 13 | $4,605,000 | $354,231 | $3,081 | 3.13% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 16 | $3,610,000 | $225,625 | $3,699 | 3.11% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 10 | $3,550,000 | $355,000 | $6,962 | 3.16% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 10 | $3,060,000 | $306,000 | $3,066 | 3.19% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 12 | $2,680,000 | $223,333 | $4,041 | 3.08% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $2,040,000 | $510,000 | $4,298 | 3.19% |
| LONGVIEW, WA (FHA|USDA|VA) | 4 | $1,710,000 | $427,500 | $5,737 | 3.12% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $1,400,000 | $350,000 | $2,837 | 3.16% |
| Outside of Metro Areas | 4 | $1,390,000 | $347,500 | $4,149 | 3.22% |
| Shelton, WA (FHA|USDA|VA) | 5 | $1,365,000 | $273,000 | $6,866 | 3.10% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,320,000 | $330,000 | $2,880 | 3.03% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $1,270,000 | $635,000 | $3,653 | 3.13% |
| MISSOULA, MT (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $4,071 | 3.63% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $3,939 | 2.97% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $2,664 | 3.31% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $2,818 | 2.93% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $4,270 | 2.96% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $3,409 | 3.33% |
| Roseburg, OR (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $4,597 | 3.50% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,554 | 3.25% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $2,753 | 2.75% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,467 | 2.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,728 | 3.10% |
| Aberdeen, WA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $10,259 | 1.94% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 3.50% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,290 | 2.99% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $11,880 | 2.25% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,857 | 3.13% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,586 | 3.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,778 | 3.38% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,003 | 2.25% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,079 | 3.13% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,374 | 2.99% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,488 | 3.13% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,410 | 2.75% |
| Granbury, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,327 | 3.25% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,393 | 3.13% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,092 | 2.99% |
| Alamogordo, NM (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 2.99% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,690 | 3.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.63% |
Bkco Mortgage 's top markets include Seattle, Austin, Portland, Bellingham, and Albuquerque among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 422 | $148,410,000 | $351,682 | $2,969 | 3.10% |
| FHA | 39 | $13,035,000 | $334,231 | $8,984 | 3.15% |
| VA | 33 | $13,975,000 | $423,485 | $7,601 | 2.90% |
| USDA | 1 | $205,000 | $205,000 | $4,875 | 3.25% |
For the 2021 period, Bkco Mortgage 's most frequently originated loan type of loans were Conventional, with 422 originations. Their 2nd most popular type is FHA, with 39 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 382 | $137,660,000 | $360,366 | $4,231 | 3.09% |
| Refi | 67 | $22,005,000 | $328,433 | $2,262 | 2.96% |
| Cash Out Refi | 46 | $15,960,000 | $346,957 | $2,855 | 3.27% |
For the 2021, Bkco Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 382 originations. The 2nd most popular reason of loans were Refi, with 67 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 466 | $167,930,000 | $360,365 | $3,930 | 3.12% |
| 15 Year | 18 | $4,930,000 | $273,889 | $2,124 | 2.55% |
| 20 Year | 9 | $2,085,000 | $231,667 | $2,725 | 2.97% |
| 10 Year | 2 | $680,000 | $340,000 | $1,309 | 2.19% |
For the 2021, Bkco Mortgage 's most frequently cited loan length of loans were 30 Year, with 466 originations. The 2nd most popular length of loans were 15 Year, with 18 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 417 | $148,665,000 | $356,511 |
| $1k-2k | 18 | $5,680,000 | $315,556 |
| $3k-4k | 11 | $4,325,000 | $393,182 |
| $2k-3k | 8 | $3,700,000 | $462,500 |
| $5k+ | 3 | $1,305,000 | $435,000 |
$3,930 of loans were Bkco Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 417 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 253 | $89,695,000 | $354,526 |
| 2.5-3% | 197 | $73,195,000 | $371,548 |
| <2.5% | 29 | $8,125,000 | $280,172 |
| 4-5% | 16 | $4,610,000 | $288,125 |
During 2021, Bkco Mortgage 's average interest rate of loans were 3.12%, while their most frequently originated rate bucket of loans were 3-4%, with 253 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 258 | $78,370,000 | $303,760 | $3,658 | 3.12% |
| $400k-600k | 148 | $70,760,000 | $478,108 | $4,578 | 3.09% |
| $100k-200k | 56 | $9,360,000 | $167,143 | $2,657 | 3.19% |
| $600k-1MM | 22 | $15,600,000 | $709,091 | $3,828 | 3.10% |
| $100,000 or less | 10 | $520,000 | $52,000 | $2,486 | 1.69% |
| $1MM+ | 1 | $1,015,000 | $1,015,000 | $0 | 2.88% |
2021 saw Bkco Mortgage place emphasis on $200k-400k loans with 258 originations, totaling $78,370,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 152 | $55,800,000 | $367,105 | $3,716 | 3.03% |
| $150k-250k | 90 | $39,970,000 | $444,111 | $3,334 | 3.09% |
| $75k-100k | 90 | $29,660,000 | $329,556 | $4,089 | 2.99% |
| $50k-75k | 87 | $24,265,000 | $278,908 | $4,324 | 3.15% |
| $250k+ | 40 | $18,390,000 | $459,750 | $4,053 | 3.32% |
| $50k or less | 35 | $7,375,000 | $210,714 | $3,501 | 3.16% |
Bkco Mortgage lent most frequently to those with incomes in the $100k-150k range, with 152 originations. The second most popular income band? $150k-250k, with 90 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 127 | $43,605,000 | $343,346 | $2,831 | 3.04% |
| 30-36% | 93 | $34,335,000 | $369,194 | $4,087 | 3.16% |
| <20% | 50 | $17,820,000 | $356,400 | $2,538 | 2.97% |
| 42% | 26 | $8,360,000 | $321,538 | $3,677 | 3.06% |
| 39% | 20 | $7,920,000 | $396,000 | $4,557 | 3.18% |
| 40% | 19 | $6,635,000 | $349,211 | $3,728 | 3.14% |
| 37% | 18 | $5,870,000 | $326,111 | $2,654 | 3.01% |
| 43% | 17 | $6,175,000 | $363,235 | $3,346 | 3.18% |
| 44% | 16 | $5,400,000 | $337,500 | $6,662 | 3.21% |
| 50-60% | 15 | $6,375,000 | $425,000 | $8,091 | 2.98% |
| 49% | 15 | $5,635,000 | $375,667 | $5,813 | 3.05% |
| 36% | 14 | $4,200,000 | $300,000 | $2,897 | 3.02% |
| 41% | 13 | $4,695,000 | $361,154 | $3,695 | 3.23% |
| 38% | 12 | $4,630,000 | $385,833 | $3,220 | 3.14% |
| 45% | 11 | $3,655,000 | $332,273 | $6,330 | 3.19% |
| 46% | 9 | $3,005,000 | $333,889 | $4,085 | 3.28% |
| 48% | 9 | $3,255,000 | $361,667 | $3,694 | 3.19% |
| 47% | 7 | $2,975,000 | $425,000 | $4,466 | 3.00% |
| >60% | 1 | $425,000 | $425,000 | $18,025 | 2.88% |
Bkco Mortgage lent most frequently to those with DTI ratios of 20-30%, with 127 originations. The next most common DTI ratio? 30-36%, with 93 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 375 | $132,945,000 | $354,520 | $3,598 | 3.11% |
| Not provided | 69 | $25,645,000 | $371,667 | $4,487 | 3.04% |
| Asian | 20 | $7,620,000 | $381,000 | $4,704 | 3.14% |
| Black | 13 | $3,695,000 | $284,231 | $5,625 | 2.79% |
| American Indian | 6 | $1,720,000 | $286,667 | $2,963 | 3.02% |
| Asian Indian | 6 | $1,400,000 | $233,333 | $2,756 | 3.13% |
| Native Hawaiian | 1 | $515,000 | $515,000 | $11,711 | 3.25% |
| Filipino | 1 | $485,000 | $485,000 | $4,634 | 3.25% |
| Chinese | 1 | $485,000 | $485,000 | $3,326 | 3.13% |
| Vietnamese | 1 | $475,000 | $475,000 | $7,000 | 2.88% |
| Guamanian | 1 | $325,000 | $325,000 | $5,330 | 2.99% |
| Other Pacific Islander | 1 | $315,000 | $315,000 | $6,008 | 3.38% |
Approval Rates
Total approvals of all applications84.88%
Bkco Mortgage has a below average approval rate.
Pick Rate
Approvals leading to origination74.31%
Bkco Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 495 | $175,625,000 | $354,798 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 495 | $175,625,000 | $354,798 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 16 | $3,550,000 | $221,875 | $1,964 | 3.14% |
| 40-60% | 50 | $15,000,000 | $300,000 | $2,291 | 2.96% |
| 60-80% | 157 | $57,165,000 | $364,108 | $2,776 | 3.18% |
| 80-100% | 257 | $95,975,000 | $373,444 | $4,358 | 3.13% |
| Over 100% | 10 | $3,860,000 | $386,000 | $14,074 | 2.79% |
| Under 20% | 5 | $75,000 | $15,000 | $0 | 0.00% |
