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 Cash Out Refi and 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 34 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 | 6.27% | 9/25/23 |
| 30 Year Conventional Refi | 6.23% | 9/25/23 |
| 30 Year Cash-out Refi | 6.54% | 9/25/23 |
| 15 Year Conventional Refi | 5.61% | 9/25/23 |
| 15 Year Cash-out Refi | 5.61% | 9/25/23 |
| 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. | ||
Blue Brick Financial Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
171Origination Dollar Volume (All Markets)
$62,505,000Awards
BLUE BRICK FINANCIAL - 2022
BLUE BRICK FINANCIAL is a 2022 , due to their low .
For 2022, 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
4.16%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.6%.
Relative Fees (Closing Costs)
Blue Brick Financial's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,349.
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) | 45 | $16,555,000 | $367,889 | $1,991 | 4.17% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 24 | $8,750,000 | $364,583 | $1,670 | 3.86% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 13 | $4,995,000 | $384,231 | $1,563 | 4.06% |
| PROVO-OREM, UT (FHA|USDA|VA) | 11 | $3,995,000 | $363,182 | $1,867 | 3.70% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 11 | $3,305,000 | $300,455 | $2,207 | 3.61% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 7 | $2,885,000 | $412,143 | $3,397 | 3.93% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $2,505,000 | $357,857 | $2,979 | 3.42% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $1,670,000 | $417,500 | $3,596 | 3.12% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $1,560,000 | $390,000 | $2,825 | 4.09% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $1,520,000 | $380,000 | $1,295 | 3.61% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $1,094 | 4.95% |
| GREELEY, CO (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $1,190 | 4.53% |
| ST. GEORGE, UT (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $3,628 | 3.41% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $2,561 | 3.83% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $995 | 4.33% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $2,771 | 3.44% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $2,026 | 3.38% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $2,739 | 4.06% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $1,269 | 3.13% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $4,378 | 3.49% |
| Heber, UT (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $1,820 | 3.99% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $1,960 | 2.87% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $7,962 | 3.38% |
| Outside of Metro Areas | 1 | $515,000 | $515,000 | $1,796 | 2.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $2,253 | 3.75% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,626 | 4.31% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,293 | 4.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,994 | 3.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,909 | 3.68% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,055 | 5.88% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $1,269 | 4.63% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,354 | 5.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,436 | 2.87% |
| Durango, CO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,144 | 3.25% |
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 | 171 | $62,505,000 | $365,526 | $2,201 | 3.91% |
For 2022, Blue Brick Financial's most frequently originated type of loan was Conventional, with 171 originations.
Loan Reason
For 2022, Blue Brick Financial's most frequently cited loan purpose was Cash Out Refi, with 96 originations. The 2nd most popular reason was Refi, with 51 originations.
Loan Duration/Length
For 2022, Blue Brick Financial's most frequently cited loan duration was 30 Year, with 135 originations. The 2nd most popular length was 15 Year, with 23 originations.
Origination Fees/Closing Costs
Blue Brick Financial's average total fees were $2,349, while their most frequently occuring range of origination fees (closing costs) were in the $4k-5k bucket, with 6 originations.
Interest Rates
During 2022, Blue Brick Financial's average interest rate for loans was 4.16%, while their most frequently originated rate bucket for loans was 3-4%, with 76 originations.
Loan Sizing
2022 saw Blue Brick Financial place emphasis on $200k-400k loans with 95 originations, totaling $29,465,000 in origination value.
Applicant Income
Blue Brick Financial lent most frequently to those with incomes in the $100k-150k range, with 59 originations. The second most popular income band? $150k-250k, with 37 originations.
Applicant Debt to Income Ratio
Blue Brick Financial lent most frequently to those with DTI ratios of 20-30%, with 34 originations. The next most common DTI ratio? 30-36%, with 32 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.31%
Blue Brick Financial has an average approval rate.
Pick Rate
Approvals leading to origination64.33%
Blue Brick Financial 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 |
|---|---|---|---|
| 0.0 | 11 | $4,945,000 | $449,545 |
| 12384.7 | 1 | $195,000 | $195,000 |
| 8114.62 | 1 | $505,000 | $505,000 |
| 8590.32 | 1 | $465,000 | $465,000 |
| 8659.92 | 1 | $405,000 | $405,000 |
| NA | 156 | $55,990,000 | $358,910 |