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 and Refi loans. Bkco Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Bellingham, Mount Vernon, Portland, and Oak Harbor among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Bkco Mortgage 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. Bkco Mortgage is typically a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.63% | 12/16/24 |
| 30 Year Conventional Refi | 6.27% | 12/16/24 |
| 30 Year Cash-out Refi | 6.74% | 12/16/24 |
| 30 Year FHA Purchase | 7.13% | 12/16/24 |
| 30 Year FHA Refi | 6.27% | 12/16/24 |
| 30 Year VA Purchase | 6.26% | 12/16/24 |
| 30 Year USDA Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 6.22% | 12/16/24 |
| 15 Year Conventional Refi | 6.26% | 12/16/24 |
| 15 Year Cash-out Refi | 6.26% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
126Origination Dollar Volume (All Markets)
$45,640,000Awards
BKCO MORTGAGE - 2019
BKCO MORTGAGE is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 58 | $24,880,000 | $428,966 | $3,387 | 3.94% |
| BELLINGHAM, WA (FHA|USDA|VA) | 38 | $11,950,000 | $314,474 | $3,192 | 3.88% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 9 | $2,505,000 | $278,333 | $2,265 | 4.32% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 7 | $1,995,000 | $285,000 | $2,086 | 3.92% |
| Oak Harbor, WA (FHA|USDA|VA) | 5 | $1,995,000 | $399,000 | $8,373 | 3.92% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $5,362 | 3.50% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $1,647 | 3.75% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $1,509 | 4.25% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $1,180 | 3.75% |
| Shelton, WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,132 | 4.00% |
| Aberdeen, WA (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $2,420 | 5.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against BKCO MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 120 | $43,420,000 | $361,833 | $3,109 | 3.97% |
| VA | 6 | $2,220,000 | $370,000 | $8,230 | 3.48% |
For 2019, Bkco Mortgage's most frequently originated type of loan was Conventional, with 120 originations. Their 2nd most popular type was VA, with 6 originations.
Loan Reason
For 2019, Bkco Mortgage's most frequently cited loan purpose was Home Purchase, with 85 originations. The 2nd most popular reason was Refi, with 31 originations.
Loan Duration/Length
For 2019, Bkco Mortgage's most frequently cited loan duration was 30 Year, with 120 originations. The 2nd most popular length was 15 Year, with 3 originations.
Origination Fees/Closing Costs
Bkco Mortgage's average total fees were $3,353, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 93 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 94 | $35,450,000 | $377,128 |
| 4-5% | 21 | $8,345,000 | $397,381 |
| 5-6% | 6 | $1,270,000 | $211,667 |
| 2.5-3% | 1 | $535,000 | $535,000 |
During 2019, Bkco Mortgage's average interest rate for loans was 3.97%, while their most frequently originated rate bucket for loans was 3-4%, with 94 originations.
Loan Sizing
2019 saw Bkco Mortgage place emphasis on $200k-400k loans with 63 originations, totaling $19,155,000 in origination value.
Applicant Income
Bkco Mortgage lent most frequently to those with incomes in the $100k-150k range, with 44 originations. The second most popular income band? $150k-250k, with 27 originations.
Applicant Debt to Income Ratio
Bkco Mortgage lent most frequently to those with DTI ratios of 30-36%, with 30 originations. The next most common DTI ratio? 20-30%, with 22 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.78%
Bkco Mortgage has a below average approval rate.
Pick Rate
Approvals leading to origination76.98%
Bkco Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 126 | $45,640,000 | $362,222 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $395,000 | $395,000 |
| Single Family (1-4 Units):Site-Built | 125 | $45,245,000 | $361,960 |