Blue Brick Financial Mortgage Rates, Fees & Info
MESA, AZLEI: 549300MXJM8O856QJU62
Tax ID: 51-0622760
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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 include Phoenix, Denver, Salt Lake City, Provo, and Ogden among others. Blue Brick Financial has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Blue Brick Financial is typically a low fee lendor.Originations
797Origination Dollar Volume (All Markets)
$261,345,000Awards
BLUE BRICK FINANCIAL - 2021
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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 rate mortgage of loans were
3.14%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.01%.
Relative Fees
Blue Brick Financial 's average total fees for a 30 year fixed rate
mortgage are $1,521.
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 |
|---|---|---|---|---|---|
| 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% |
Blue Brick Financial 's top markets include Phoenix, Denver, Salt Lake City, Provo, and Ogden among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 797 | $261,345,000 | $327,911 | $1,474 | 3.00% |
For the 2021 period, Blue Brick Financial 's most frequently originated loan type of loans were Conventional, with 797 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 455 | $141,005,000 | $309,901 | $1,377 | 2.91% |
| Cash Out Refi | 307 | $107,355,000 | $349,691 | $1,515 | 3.14% |
| Home Purchase | 35 | $12,985,000 | $371,000 | $2,350 | 3.06% |
For the 2021, Blue Brick Financial 's most frequently cited loan purpose of loans were Refi, with 455 originations. The 2nd most popular reason of loans were Cash Out Refi, with 307 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 572 | $192,680,000 | $336,853 | $1,521 | 3.14% |
| 15 Year | 125 | $37,395,000 | $299,160 | $1,416 | 2.53% |
| 20 Year | 70 | $22,200,000 | $317,143 | $1,248 | 2.87% |
| Other | 17 | $5,645,000 | $332,059 | $1,460 | 3.08% |
| 10 Year | 13 | $3,425,000 | $263,462 | $1,200 | 2.38% |
For the 2021, Blue Brick Financial 's most frequently cited loan length of loans were 30 Year, with 572 originations. The 2nd most popular length of loans were 15 Year, with 125 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 31 | $7,495,000 | $241,774 |
| $1k-2k | 20 | $4,710,000 | $235,500 |
| $3k-4k | 10 | $2,920,000 | $292,000 |
| $2k-3k | 8 | $2,240,000 | $280,000 |
| $5k+ | 5 | $1,875,000 | $375,000 |
$1,521 of loans were Blue Brick Financial 's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.14%, while their most frequently originated rate bucket of loans were 2.5-3%, with 371 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 546 | $163,250,000 | $298,993 | $1,436 | 2.98% |
| $400k-600k | 184 | $86,050,000 | $467,663 | $1,493 | 2.97% |
| $100k-200k | 59 | $9,775,000 | $165,678 | $1,611 | 3.29% |
| $100,000 or less | 5 | $385,000 | $77,000 | $2,012 | 3.34% |
| $600k-1MM | 3 | $1,885,000 | $628,333 | $3,623 | 2.84% |
2021 saw Blue Brick Financial place emphasis on $200k-400k loans with 546 originations, totaling $163,250,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 264 | $92,410,000 | $350,038 | $1,431 | 3.02% |
| $75k-100k | 194 | $60,870,000 | $313,763 | $1,385 | 3.01% |
| $50k-75k | 147 | $40,905,000 | $278,265 | $1,456 | 3.07% |
| $150k-250k | 127 | $47,875,000 | $376,969 | $1,562 | 2.90% |
| $50k or less | 37 | $8,515,000 | $230,135 | $1,962 | 3.13% |
| $250k+ | 28 | $10,770,000 | $384,643 | $1,524 | 2.80% |
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
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 198 | $64,340,000 | $324,949 | $1,421 | 2.92% |
| 30-36% | 151 | $48,895,000 | $323,808 | $1,398 | 2.99% |
| <20% | 69 | $19,985,000 | $289,638 | $1,408 | 2.90% |
| 40% | 37 | $11,065,000 | $299,054 | $1,516 | 3.12% |
| 37% | 37 | $12,595,000 | $340,405 | $1,456 | 3.14% |
| 44% | 36 | $12,750,000 | $354,167 | $1,585 | 3.08% |
| 43% | 32 | $11,370,000 | $355,313 | $1,449 | 3.03% |
| 36% | 29 | $9,205,000 | $317,414 | $1,479 | 2.99% |
| 42% | 27 | $8,545,000 | $316,481 | $1,814 | 3.08% |
| 39% | 26 | $9,110,000 | $350,385 | $1,430 | 3.14% |
| 45% | 24 | $8,210,000 | $342,083 | $1,387 | 3.22% |
| 47% | 23 | $8,395,000 | $365,000 | $1,527 | 3.00% |
| 48% | 22 | $7,540,000 | $342,727 | $1,663 | 3.09% |
| 38% | 21 | $7,505,000 | $357,381 | $1,535 | 3.01% |
| 49% | 21 | $6,885,000 | $327,857 | $1,494 | 3.09% |
| 46% | 19 | $6,925,000 | $364,474 | $2,113 | 3.00% |
| 41% | 18 | $5,890,000 | $327,222 | $1,378 | 2.97% |
| 50-60% | 6 | $1,850,000 | $308,333 | $1,273 | 3.11% |
| >60% | 1 | $285,000 | $285,000 | $1,190 | 2.88% |
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
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 726 | $237,650,000 | $327,342 | $1,473 | 3.00% |
| Asian | 41 | $13,775,000 | $335,976 | $1,452 | 2.96% |
| Not provided | 20 | $5,990,000 | $299,500 | $1,639 | 3.06% |
| Black | 6 | $2,520,000 | $420,000 | $1,155 | 3.31% |
| American Indian | 2 | $820,000 | $410,000 | $1,160 | 3.00% |
| Native Hawaiian | 2 | $590,000 | $295,000 | $1,847 | 2.94% |
Approval Rates
Total approvals of all applications92.46%
Blue Brick Financial has an average approval rate.
Pick Rate
Approvals leading to origination78.77%
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 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 797 | $261,345,000 | $327,911 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 97 | $23,435,000 | $241,598 | $1,334 | 2.83% |
| 40-60% | 322 | $103,580,000 | $321,677 | $1,407 | 2.90% |
| 60-80% | 331 | $117,305,000 | $354,396 | $1,513 | 3.14% |
| 80-100% | 43 | $16,465,000 | $382,907 | $1,988 | 3.14% |
| Under 20% | 4 | $560,000 | $140,000 | $1,085 | 3.09% |
