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. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Seattle, Bellingham, Portland, Mount Vernon, and Dallas among others. We have data for 44 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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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
504Origination Dollar Volume (All Markets)
$167,580,000Awards
BKCO MORTGAGE - 2020
BKCO MORTGAGE is a 2020 , due to their low .
For 2020, 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) | 158 | $62,210,000 | $393,734 | $3,990 | 3.18% |
| BELLINGHAM, WA (FHA|USDA|VA) | 77 | $25,345,000 | $329,156 | $3,490 | 3.17% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 64 | $20,590,000 | $321,719 | $3,428 | 3.02% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 29 | $8,925,000 | $307,759 | $4,223 | 2.87% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 31 | $8,445,000 | $272,419 | $5,169 | 2.97% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 24 | $5,480,000 | $228,333 | $2,951 | 3.18% |
| ANCHORAGE, AK (FHA|USDA|VA) | 13 | $3,995,000 | $307,308 | $5,727 | 2.98% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 13 | $3,845,000 | $295,769 | $3,573 | 2.96% |
| Oak Harbor, WA (FHA|USDA|VA) | 10 | $3,330,000 | $333,000 | $5,977 | 3.16% |
| BOISE CITY, ID (FHA|USDA|VA) | 11 | $3,325,000 | $302,273 | $3,097 | 3.16% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 6 | $2,580,000 | $430,000 | $4,114 | 3.44% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 9 | $1,925,000 | $213,889 | $4,504 | 2.93% |
| Outside of Metro Areas | 7 | $1,845,000 | $263,571 | $4,894 | 3.39% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $1,520,000 | $380,000 | $4,034 | 3.19% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 4 | $1,440,000 | $360,000 | $4,341 | 2.84% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 3 | $1,375,000 | $458,333 | $8,388 | 3.46% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $1,370,000 | $685,000 | $2,560 | 2.94% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $4,199 | 3.08% |
| LONGVIEW, WA (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $4,236 | 2.48% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $3,746 | 3.08% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $3,120 | 2.71% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,940 | 2.94% |
| Astoria, OR (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $2,518 | 2.88% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $1,796 | 3.13% |
| Shelton, WA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,087 | 3.25% |
| Aberdeen, WA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $5,606 | 3.25% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 3.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $11,156 | 2.75% |
| SALEM, OR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,482 | 2.75% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,585 | 2.75% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,662 | 2.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,872 | 4.25% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,361 | 3.38% |
| Granbury, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,425 | 2.38% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,884 | 2.88% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,365 | 3.25% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,080 | 3.99% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,955 | 2.63% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,183 | 2.63% |
| Outside of Metro Areas | 1 | $175,000 | $175,000 | $2,606 | 3.25% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.63% |
| Alamogordo, NM (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 2.99% |
| WACO, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.63% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,986 | 3.38% |
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
For 2020, Bkco Mortgage's most frequently originated type of loan was Conventional, with 406 originations. Their 2nd most popular type was VA, with 49 originations.
Loan Reason
For 2020, Bkco Mortgage's most frequently cited loan purpose was Home Purchase, with 352 originations. The 2nd most popular reason was Refi, with 106 originations.
Loan Duration/Length
For 2020, Bkco Mortgage's most frequently cited loan duration was 30 Year, with 468 originations. The 2nd most popular length was 15 Year, with 20 originations.
Origination Fees/Closing Costs
Bkco Mortgage's average total fees were $4,109, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 408 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 232 | $76,590,000 | $330,129 |
| 2.5-3% | 222 | $75,600,000 | $340,541 |
| <2.5% | 31 | $8,905,000 | $287,258 |
| 4-5% | 18 | $6,040,000 | $335,556 |
| 5-6% | 1 | $445,000 | $445,000 |
During 2020, Bkco Mortgage's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 3-4%, with 232 originations.
Loan Sizing
2020 saw Bkco Mortgage place emphasis on $200k-400k loans with 294 originations, totaling $88,720,000 in origination value.
Applicant Income
Bkco Mortgage lent most frequently to those with incomes in the $100k-150k range, with 151 originations. The second most popular income band? $50k-75k, with 117 originations.
Applicant Debt to Income Ratio
Bkco Mortgage lent most frequently to those with DTI ratios of 20-30%, with 113 originations. The next most common DTI ratio? 30-36%, with 86 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.79%
Bkco Mortgage has a below average approval rate.
Pick Rate
Approvals leading to origination74.01%
Bkco Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 504 | $167,580,000 | $332,500 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 11 | $3,505,000 | $318,636 |
| Single Family (1-4 Units):Site-Built | 493 | $164,075,000 | $332,809 |