Bkco Mortgage Rates, Fees & Info
DOVER, DELEI: 549300ILIUB22RTQKQ27
Tax ID: 36-4917779
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Mortgage Data
Review & 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. Their top markets by origination volume include: Seattle, Bellingham, Austin, Portland, and Dallas among others. We have data for 53 markets. (Some data included below & more in-depth data is available with an active subscription.)Bkco Mortgage has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Bkco Mortgage is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.63% | 11/30/23 |
| 30 Year Conventional Refi | 6.27% | 11/30/23 |
| 30 Year Cash-out Refi | 6.74% | 11/30/23 |
| 30 Year FHA Purchase | 7.13% | 11/30/23 |
| 30 Year FHA Refi | 6.27% | 11/30/23 |
| 30 Year VA Purchase | 6.26% | 11/30/23 |
| 30 Year USDA Purchase | 6.27% | 11/30/23 |
| 15 Year Conventional Purchase | 6.22% | 11/30/23 |
| 15 Year Conventional Refi | 6.26% | 11/30/23 |
| 15 Year Cash-out Refi | 6.26% | 11/30/23 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Bkco Mortgage Mortgage Calculator
Your Estimates
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This is not an official calculator from Bkco Mortgage. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
273Origination Dollar Volume (All Markets)
$99,815,000Awards
BKCO MORTGAGE - 2022
BKCO MORTGAGE is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Bkco Mortgage's average 30 year fixed mortgage rate was
5.1%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.34%.
Relative Fees (Closing Costs)
Bkco Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,300.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
Top 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 |
|---|---|---|---|---|---|
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 34 | $15,910,000 | $467,941 | $7,847 | 5.02% |
| BELLINGHAM, WA (FHA|USDA|VA) | 35 | $15,565,000 | $444,714 | $5,794 | 5.26% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 38 | $14,490,000 | $381,316 | $6,675 | 4.98% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 21 | $7,485,000 | $356,429 | $5,692 | 4.85% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 23 | $7,215,000 | $313,696 | $6,276 | 5.14% |
| ANCHORAGE, AK (FHA|USDA|VA) | 11 | $3,305,000 | $300,455 | $7,480 | 4.88% |
| BOISE CITY, ID (FHA|USDA|VA) | 7 | $3,005,000 | $429,286 | $6,144 | 4.80% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $2,250,000 | $562,500 | $3,157 | 5.03% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 5 | $2,045,000 | $409,000 | $6,821 | 5.13% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 7 | $1,915,000 | $273,571 | $5,788 | 5.38% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 6 | $1,780,000 | $296,667 | $4,745 | 4.83% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 7 | $1,765,000 | $252,143 | $4,362 | 6.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,645,000 | $329,000 | $10,068 | 5.12% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 6 | $1,600,000 | $266,667 | $4,931 | 5.04% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 6 | $1,590,000 | $265,000 | $4,443 | 4.85% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $1,220,000 | $203,333 | $4,754 | 4.53% |
| SALEM, OR (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $7,721 | 5.46% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $4,733 | 3.37% |
| Roseburg, OR (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $8,691 | 5.44% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $5,145 | 5.75% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $5,878 | 5.93% |
| Outside of Metro Areas | 3 | $675,000 | $225,000 | $6,505 | 5.45% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $4,320 | 6.75% |
| BEND, OR (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $11,104 | 7.63% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $4,370 | 5.97% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $5,133 | 5.33% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $3,442 | 4.13% |
| Centralia, WA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $22,172 | 3.65% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $1,449 | 5.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $1,763 | 4.81% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,087 | 4.99% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,545 | 5.63% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $9,034 | 6.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,815 | 5.38% |
| Shelton, WA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,887 | 6.38% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $2,415 | 4.38% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $11,135 | 5.63% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,142 | 5.44% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $8,836 | 3.93% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,546 | 3.75% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,789 | 5.88% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $10,014 | 2.88% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,743 | 5.25% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,603 | 3.99% |
| TYLER, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,838 | 4.63% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $11,620 | 5.63% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,896 | 6.25% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,974 | 4.13% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,307 | 3.50% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.63% |
| Brookings, OR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,488 | 5.75% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,565 | 6.38% |
| Alpena, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,869 | 6.13% |
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 248 | $90,190,000 | $363,669 | $5,734 | 5.14% |
| FHA | 20 | $7,400,000 | $370,000 | $12,007 | 4.74% |
| VA | 5 | $2,225,000 | $445,000 | $6,071 | 3.22% |
For 2022, Bkco Mortgage's most frequently originated type of loan was Conventional, with 248 originations. Their 2nd most popular type was FHA, with 20 originations.
Loan Reason
For 2022, Bkco Mortgage's most frequently cited loan purpose was Home Purchase, with 253 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.
Loan Duration/Length
For 2022, Bkco Mortgage's most frequently cited loan duration was 30 Year, with 269 originations. The 2nd most popular length was 15 Year, with 3 originations.
Origination Fees/Closing Costs
Bkco Mortgage's average total fees were $6,300, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 116 originations.
Interest Rates
During 2022, Bkco Mortgage's average interest rate for loans was 5.10%, while their most frequently originated rate bucket for loans was 5-6%, with 112 originations.
Loan Sizing
2022 saw Bkco Mortgage place emphasis on $200k-400k loans with 133 originations, totaling $40,695,000 in origination value.
Applicant Income
Bkco Mortgage lent most frequently to those with incomes in the $75k-100k range, with 64 originations. The second most popular income band? $100k-150k, with 63 originations.
Applicant Debt to Income Ratio
Bkco Mortgage lent most frequently to those with DTI ratios of 20-30%, with 52 originations. The next most common DTI ratio? 30-36%, with 52 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.57%
Bkco Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination47.62%
Bkco Mortgage 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 |
|---|---|---|---|
| NA | 273 | $99,815,000 | $365,623 |