Blue Brick Financial Mortgage Rates, Fees & Info
MESA, AZLEI: 549300MXJM8O856QJU62
Tax ID: 51-0622760
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Mortgage Data
Review & Overview
Blue Brick Financial is a smaller mortgage company specializing in Refi and Cash Out Refi loans. Blue Brick Financial has a high proportion of conventional loans. Their top markets by origination volume include: Phoenix, Denver, Salt Lake City, Provo, and Ogden among others. We have data for 38 markets. (Some data included below & more in-depth data is available with an active subscription.)Blue Brick Financial 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. Blue Brick Financial 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 | 6.30% | 3/19/23 |
| 30 Year Conventional Refi | 6.25% | 3/19/23 |
| 30 Year Cash-out Refi | 6.46% | 3/19/23 |
| 30 Year FHA Refi | 6.27% | 3/19/23 |
| 30 Year VA Refi | 6.27% | 3/19/23 |
| 15 Year Conventional Purchase | 6.61% | 3/19/23 |
| 15 Year Conventional Refi | 5.78% | 3/19/23 |
| 15 Year Cash-out Refi | 5.78% | 3/19/23 |
| 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. | ||
Originations
797Origination Dollar Volume (All Markets)
$261,345,000Awards
BLUE BRICK FINANCIAL - 2021
BLUE BRICK FINANCIAL is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Blue Brick Financial's average 30 year fixed mortgage rate was
3.14%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.01%.
Relative Fees (Closing Costs)
Blue Brick Financial's average total fees/closing costs for a 30 year fixed rate
mortgage were $1,521.
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 |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 289 | $88,385,000 | $305,830 | $1,479 | 3.07% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 109 | $36,835,000 | $337,936 | $1,435 | 2.91% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 52 | $18,370,000 | $353,269 | $1,511 | 2.88% |
| PROVO-OREM, UT (FHA|USDA|VA) | 50 | $17,540,000 | $350,800 | $1,605 | 2.98% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 52 | $16,850,000 | $324,038 | $1,410 | 3.03% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 28 | $10,190,000 | $363,929 | $1,541 | 2.94% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 25 | $10,075,000 | $403,000 | $1,073 | 2.95% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 26 | $9,490,000 | $365,000 | $1,208 | 3.15% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 26 | $8,420,000 | $323,846 | $1,699 | 3.01% |
| FORT COLLINS, CO (FHA|USDA|VA) | 21 | $6,465,000 | $307,857 | $1,342 | 2.97% |
| GREELEY, CO (FHA|USDA|VA) | 17 | $5,985,000 | $352,059 | $1,304 | 2.87% |
| BOULDER, CO (FHA|USDA|VA) | 14 | $5,700,000 | $407,143 | $1,608 | 2.75% |
| TUCSON, AZ (FHA|USDA|VA) | 12 | $3,780,000 | $315,000 | $1,279 | 3.13% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 9 | $3,045,000 | $338,333 | $1,533 | 3.12% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 9 | $2,825,000 | $313,889 | $1,668 | 2.73% |
| Heber, UT (FHA|USDA|VA) | 8 | $2,620,000 | $327,500 | $1,380 | 3.03% |
| Edwards, CO (FHA|USDA|VA) | 4 | $1,770,000 | $442,500 | $1,249 | 3.19% |
| ST. GEORGE, UT (FHA|USDA|VA) | 6 | $1,620,000 | $270,000 | $2,195 | 3.13% |
| Outside of Metro Areas | 6 | $1,540,000 | $256,667 | $1,221 | 2.85% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 4 | $1,270,000 | $317,500 | $1,265 | 2.97% |
| LOGAN, UT-ID (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $1,371 | 2.96% |
| Breckenridge, CO (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $1,251 | 3.12% |
| Glenwood Springs, CO (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $1,160 | 2.93% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $2,610 | 2.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $2,390 | 2.88% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $2,501 | 3.49% |
| Payson, AZ (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $2,271 | 3.50% |
| Vernal, UT (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $1,206 | 3.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,215 | 2.75% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,404 | 2.63% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,354 | 2.88% |
| Durango, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,190 | 2.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,521 | 3.38% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,354 | 2.88% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,564 | 3.13% |
| Montrose, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,065 | 2.99% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,264 | 3.38% |
| Safford, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,204 | 3.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against BLUE BRICK FINANCIAL 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 | 797 | $261,345,000 | $327,911 | $1,474 | 3.00% |
For 2021, Blue Brick Financial's most frequently originated type of loan was Conventional, with 797 originations.
Loan Reason
For 2021, Blue Brick Financial's most frequently cited loan purpose was Refi, with 455 originations. The 2nd most popular reason was Cash Out Refi, with 307 originations.
Loan Duration/Length
For 2021, Blue Brick Financial's most frequently cited loan duration was 30 Year, with 572 originations. The 2nd most popular length was 15 Year, with 125 originations.
Origination Fees/Closing Costs
Blue Brick Financial's average total fees were $1,521, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 31 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 371 | $125,335,000 | $337,830 |
| 3-4% | 325 | $102,235,000 | $314,569 |
| <2.5% | 91 | $30,405,000 | $334,121 |
| 4-5% | 10 | $3,370,000 | $337,000 |
During 2021, Blue Brick Financial's average interest rate for loans was 3.14%, while their most frequently originated rate bucket for loans was 2.5-3%, with 371 originations.
Loan Sizing
2021 saw Blue Brick Financial place emphasis on $200k-400k loans with 546 originations, totaling $163,250,000 in origination value.
Applicant Income
Blue Brick Financial lent most frequently to those with incomes in the $100k-150k range, with 264 originations. The second most popular income band? $75k-100k, with 194 originations.
Applicant Debt to Income Ratio
Blue Brick Financial lent most frequently to those with DTI ratios of 20-30%, with 198 originations. The next most common DTI ratio? 30-36%, with 151 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.47%
Blue Brick Financial has an average approval rate.
Pick Rate
Approvals leading to origination73.78%
Blue Brick Financial has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 41 | $13,205,000 | $322,073 |
| 1940.0 | 1 | $215,000 | $215,000 |
| 1969.0 | 1 | $285,000 | $285,000 |
| NA | 754 | $247,640,000 | $328,435 |