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 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.

    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% 12/16/24
    30 Year Conventional Refi 6.23% 12/16/24
    30 Year Cash-out Refi 6.54% 12/16/24
    15 Year Conventional Refi 5.61% 12/16/24
    15 Year Cash-out Refi 5.61% 12/16/24
    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

    797

    Origination Dollar Volume (All Markets)

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

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

    HORIZON UTAH Federal Credit Union
    Similarity Rank: 350
    Christian Community Credit Union
    Similarity Rank: 354
    First Credit Union
    Similarity Rank: 378
    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 384
    Credence Funding Corporation
    Similarity Rank: 404
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 825
    The District Federal Credit Union
    Similarity Rank: 882
    MYPOINT Credit Union
    Similarity Rank: 924
    AVENTA Credit Union
    Similarity Rank: 930
    Chaffey Federal Credit Union
    Similarity Rank: 966

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 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

    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 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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 31 $7,495,000 $241,774
    $1k-2k 20 $4,710,000 $235,500
    $2k-3k 8 $2,240,000 $280,000
    $3k-4k 7 $2,075,000 $296,429
    $5k+ 5 $1,875,000 $375,000
    $4k-5k 3 $845,000 $281,667

    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

    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 or Islander 2 $590,000 $295,000 $1,847 2.94%

    Approval Rates

    Total approvals of all applications
    91.47%

    Blue Brick Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.78%

    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

    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%