Blue Brick Financial Mortgage Rates, Fees & Info

MESA, AZ

LEI: 549300MXJM8O856QJU62

Tax ID: 51-0622760

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Blue Brick Financial is a smaller mortgage company specializing in Refi loans. Blue Brick Financial has a high proportion of conventional loans. Their top markets by origination volume include: Phoenix, Denver, Provo, Salt Lake City, and Ogden among others. We have data for 25 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 an above 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.27% 4/18/24
    30 Year Conventional Refi 6.23% 4/18/24
    30 Year Cash-out Refi 6.54% 4/18/24
    15 Year Conventional Refi 5.61% 4/18/24
    15 Year Cash-out Refi 5.61% 4/18/24
    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.

    Blue Brick Financial Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Blue Brick Financial. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    225

    Origination Dollar Volume (All Markets)

    $75,875,000
    Show all (10) awards

    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) 67 $21,235,000 $316,940 $1,732 2.91%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 42 $14,310,000 $340,714 $1,595 2.94%
    PROVO-OREM, UT (FHA|USDA|VA) 20 $6,360,000 $318,000 $1,490 2.94%
    SALT LAKE CITY, UT (FHA|USDA|VA) 18 $6,090,000 $338,333 $1,867 2.87%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 16 $5,680,000 $355,000 $1,839 2.85%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 11 $4,555,000 $414,091 $1,245 2.91%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 6 $2,510,000 $418,333 $1,331 2.94%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 7 $2,345,000 $335,000 $1,635 2.87%
    BOULDER, CO (FHA|USDA|VA) 5 $1,965,000 $393,000 $1,781 2.87%
    GREELEY, CO (FHA|USDA|VA) 4 $1,320,000 $330,000 $1,215 2.84%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $1,310,000 $327,500 $1,101 2.87%
    TUCSON, AZ (FHA|USDA|VA) 4 $1,170,000 $292,500 $1,932 2.96%
    FORT COLLINS, CO (FHA|USDA|VA) 3 $1,105,000 $368,333 $1,805 2.88%
    Heber, UT (FHA|USDA|VA) 2 $1,020,000 $510,000 $1,902 2.75%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $975,000 $325,000 $2,632 2.88%
    Glenwood Springs, CO (FHA|USDA|VA) 2 $750,000 $375,000 $1,291 2.69%
    ST. GEORGE, UT (FHA|USDA|VA) 2 $710,000 $355,000 $2,055 3.06%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $405,000 $405,000 $1,000 2.63%
    Breckenridge, CO (FHA|USDA|VA) 1 $385,000 $385,000 $1,254 2.99%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $380,000 $190,000 $1,129 3.25%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $335,000 $335,000 $1,304 2.88%
    Durango, CO (FHA|USDA|VA) 1 $305,000 $305,000 $1,254 2.99%
    YUMA, AZ (FHA|USDA|VA) 1 $305,000 $305,000 $1,354 2.88%
    Outside of Metro Areas 1 $195,000 $195,000 $1,472 3.63%
    Show Low, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $3,940 2.88%
    Blue Brick Financial's top markets include Phoenix, Denver, Provo, Salt Lake City, and Ogden among others.

    Their top states include:
  • Arizona (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • California (FHA|USDA|VA)

    • 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.

    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 329
    Chaffey Federal Credit Union
    Similarity Rank: 345
    MANHATTAN FINANCIAL GROUP, INC.
    Similarity Rank: 384
    Jordan Federal Credit Union
    Similarity Rank: 430
    The District Federal Credit Union
    Similarity Rank: 441
    MYPOINT Credit Union
    Similarity Rank: 560
    ALTURA
    Similarity Rank: 628
    Christian Community Credit Union
    Similarity Rank: 716
    DENVER COMMUNITY
    Similarity Rank: 732
    United Fidelity Bank, fsb
    Similarity Rank: 792

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 225 $75,875,000 $337,222 $1,650 2.91%

    For 2020, Blue Brick Financial's most frequently originated type of loan was Conventional, with 225 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 183 $60,355,000 $329,809 $1,575 2.88%
    Cash Out Refi 36 $13,000,000 $361,111 $1,936 3.06%
    Home Purchase 6 $2,520,000 $420,000 $2,186 2.88%

    For 2020, Blue Brick Financial's most frequently cited loan purpose was Refi, with 183 originations. The 2nd most popular reason was Cash Out Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 190 $64,870,000 $341,421 $1,633 2.95%
    15 Year 20 $6,270,000 $313,500 $1,744 2.57%
    20 Year 9 $2,725,000 $302,778 $1,513 2.88%
    Other 5 $1,895,000 $379,000 $1,906 2.85%
    10 Year 1 $115,000 $115,000 $2,935 2.88%

    For 2020, Blue Brick Financial's most frequently cited loan duration was 30 Year, with 190 originations. The 2nd most popular length was 15 Year, with 20 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 19 $5,815,000 $306,053
    $<1k 16 $4,820,000 $301,250
    $2k-3k 11 $2,785,000 $253,182
    $3k-4k 3 $1,145,000 $381,667
    $4k-5k 1 $265,000 $265,000
    $5k+ 1 $345,000 $345,000

    Blue Brick Financial's average total fees were $1,633, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 19 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 177 $61,285,000 $346,243
    3-4% 34 $9,610,000 $282,647
    <2.5% 13 $4,695,000 $361,154
    4-5% 1 $285,000 $285,000

    During 2020, Blue Brick Financial's average interest rate for loans was 2.95%, while their most frequently originated rate bucket for loans was 2.5-3%, with 177 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 158 $47,700,000 $301,899 $1,648 2.93%
    $400k-600k 56 $25,950,000 $463,393 $1,558 2.82%
    $100k-200k 10 $1,600,000 $160,000 $2,107 3.12%
    $600k-1MM 1 $625,000 $625,000 $2,407 2.88%

    2020 saw Blue Brick Financial place emphasis on $200k-400k loans with 158 originations, totaling $47,700,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 87 $30,695,000 $352,816 $1,809 2.90%
    $75k-100k 60 $19,010,000 $316,833 $1,646 2.92%
    $50k-75k 34 $10,060,000 $295,882 $1,547 2.95%
    $150k-250k 32 $12,590,000 $393,438 $1,352 2.88%
    $50k or less 7 $1,505,000 $215,000 $1,705 3.00%
    $250k+ 5 $2,015,000 $403,000 $1,447 2.88%

    Blue Brick Financial lent most frequently to those with incomes in the $100k-150k range, with 87 originations. The second most popular income band? $75k-100k, with 60 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 75 $24,215,000 $322,867 $1,626 2.92%
    30-36% 44 $15,570,000 $353,864 $1,676 2.91%
    <20% 24 $7,540,000 $314,167 $1,607 2.86%
    36% 13 $4,015,000 $308,846 $1,496 2.92%
    42% 8 $2,920,000 $365,000 $2,242 2.78%
    43% 7 $2,165,000 $309,286 $1,599 3.07%
    48% 7 $2,185,000 $312,143 $1,640 2.85%
    38% 7 $2,685,000 $383,571 $1,809 2.82%
    44% 6 $2,360,000 $393,333 $1,258 2.96%
    37% 6 $2,170,000 $361,667 $1,986 2.92%
    49% 5 $1,915,000 $383,000 $1,558 2.98%
    45% 5 $1,695,000 $339,000 $1,177 2.90%
    46% 5 $2,035,000 $407,000 $1,390 2.89%
    39% 5 $1,635,000 $327,000 $2,450 3.11%
    40% 3 $875,000 $291,667 $1,279 2.92%
    47% 3 $1,215,000 $405,000 $1,789 2.92%
    50-60% 1 $405,000 $405,000 $1,079 2.99%
    41% 1 $275,000 $275,000 $1,175 2.88%

    Blue Brick Financial lent most frequently to those with DTI ratios of 20-30%, with 75 originations. The next most common DTI ratio? 30-36%, with 44 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 200 $67,100,000 $335,500 $1,671 2.92%
    Not provided 15 $5,285,000 $352,333 $1,396 2.86%
    Asian 7 $2,535,000 $362,143 $1,686 2.75%
    Black 3 $955,000 $318,333 $1,455 2.75%

    Approval Rates

    Total approvals of all applications
    97.08%

    Blue Brick Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    96.44%

    Blue Brick Financial has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 9 $3,105,000 $345,000
    NA 216 $72,770,000 $336,898

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 225 $75,875,000 $337,222

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $1,575,000 $225,000 $1,761 2.89%
    40-60% 49 $15,335,000 $312,959 $1,598 2.86%
    60-80% 159 $55,495,000 $349,025 $1,629 2.93%
    80-100% 10 $3,470,000 $347,000 $2,151 2.92%