Blue Brick Financial Mortgage Rates, Fees & Info

MESA, AZ

LEI: 549300MXJM8O856QJU62

Tax ID: 51-0622760

5 stars - out of 5 stars, based on 28 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

797

Origination Dollar Volume (All Markets)

$261,345,000
Show all (11) awards

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 applications
92.46%

Blue Brick Financial has an average approval rate.

Pick Rate

Approvals leading to origination
78.77%

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%