Bridge Mortgage Rates, Fees & Info

Columbus, OH

LEI: 549300PGWM7M3DKQ1F43

Tax ID: 31-6077716

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Mortgage Data

Review & Overview

Bridge is a smaller mortgage company specializing in Home Purchase and Refi loans. Bridge has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Dayton, Cincinnati, Springfield, and Cleveland among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bridge has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Bridge 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.26% 10/31/24
30 Year Conventional Purchase 7.24% 10/31/24
30 Year Conventional Refi 7.38% 10/31/24
30 Year VA Purchase 6.27% 10/31/24
15 Year Conventional Purchase 6.29% 10/31/24
15 Year Conventional Refi 11.48% 10/31/24
15 Year Cash-out Refi 11.48% 10/31/24
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.

Bridge Mortgage Calculator






Your Estimates

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

This is not an official calculator from Bridge. 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

57

Origination Dollar Volume (All Markets)

$7,685,000

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
COLUMBUS, OH (FHA|USDA|VA) 26 $4,310,000 $165,769 $2,741 3.32%
DAYTON-KETTERING, OH (FHA|USDA|VA) 12 $880,000 $73,333 $2,296 3.34%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $870,000 $217,500 $3,412 3.03%
SPRINGFIELD, OH (FHA|USDA|VA) 6 $550,000 $91,667 $2,085 3.92%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $280,000 $140,000 $2,198 2.50%
Zanesville, OH (FHA|USDA|VA) 1 $255,000 $255,000 $3,891 3.38%
TOLEDO, OH (FHA|USDA|VA) 2 $160,000 $80,000 $1,934 3.13%
Coshocton, OH (FHA|USDA|VA) 1 $105,000 $105,000 $3,126 3.13%
New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $95,000 $95,000 $1,327 2.38%
Urbana, OH (FHA|USDA|VA) 1 $95,000 $95,000 $2,956 2.25%
Outside of Metro Areas 1 $85,000 $85,000 $3,111 2.75%
Bridge's top markets include Columbus, Dayton, Cincinnati, Springfield, and Cleveland among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 57 $7,685,000 $134,825 $2,590 3.29%

    For 2021, Bridge's most frequently originated type of loan was Conventional, with 57 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 16 $2,700,000 $168,750 $3,239 3.34%
    Refi 14 $2,230,000 $159,286 $2,597 2.61%
    Cash Out Refi 12 $1,520,000 $126,667 $3,053 2.92%
    Home Improvement 8 $570,000 $71,250 $910 4.84%
    Other 7 $665,000 $95,000 $2,224 3.38%

    For 2021, Bridge's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 23 $2,885,000 $125,435 $2,095 3.22%
    30 Year 17 $2,695,000 $158,529 $3,529 3.36%
    20 Year 9 $1,735,000 $192,778 $3,346 2.99%
    10 Year 8 $370,000 $46,250 $1,172 3.66%

    For 2021, Bridge's most frequently cited loan duration was 15 Year, with 23 originations. The 2nd most popular length was 30 Year, with 17 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 39 $6,315,000 $161,923
    $<1k 18 $1,370,000 $76,111

    Bridge's average total fees were $3,529, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 39 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 23 $3,235,000 $140,652
    <2.5% 16 $2,110,000 $131,875
    2.5-3% 10 $1,860,000 $186,000
    4-5% 5 $375,000 $75,000
    7-8% 2 $40,000 $20,000
    6-7% 1 $65,000 $65,000

    During 2021, Bridge's average interest rate for loans was 3.36%, while their most frequently originated rate bucket for loans was 3-4%, with 23 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 26 $1,670,000 $64,231 $1,795 3.70%
    $100k-200k 17 $2,555,000 $150,294 $2,814 2.88%
    $200k-400k 14 $3,460,000 $247,143 $3,796 3.01%

    2021 saw Bridge place emphasis on $100,000 or less loans with 26 originations, totaling $1,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 18 $2,810,000 $156,111 $2,864 2.96%
    $75k-100k 14 $1,770,000 $126,429 $2,546 3.66%
    $50k-75k 10 $970,000 $97,000 $2,209 3.38%
    $150k-250k 9 $1,615,000 $179,444 $2,713 3.08%
    $50k or less 6 $520,000 $86,667 $2,325 3.54%

    Bridge lent most frequently to those with incomes in the $100k-150k range, with 18 originations. The second most popular income band? $75k-100k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 16 $2,360,000 $147,500 $2,439 2.88%
    <20% 15 $1,335,000 $89,000 $2,036 3.36%
    30-36% 9 $1,375,000 $152,778 $3,241 3.13%
    37% 4 $690,000 $172,500 $2,599 3.44%
    44% 3 $605,000 $201,667 $3,326 2.79%
    36% 3 $455,000 $151,667 $3,228 3.33%
    40% 3 $265,000 $88,333 $2,357 4.04%
    42% 2 $100,000 $50,000 $2,159 5.88%
    43% 1 $245,000 $245,000 $3,580 3.38%
    38% 1 $255,000 $255,000 $3,891 3.38%

    Bridge lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? <20%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 47 $6,105,000 $129,894 $2,544 3.33%
    Not provided 5 $805,000 $161,000 $2,694 3.25%
    Black 4 $490,000 $122,500 $2,764 2.97%
    Asian 1 $285,000 $285,000 $3,556 2.63%

    Approval Rates

    Total approvals of all applications
    74.49%

    Bridge has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    73.68%

    Bridge has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 57 $7,685,000 $134,825

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    57 $7,685,000 $134,825

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $485,000 $69,286 $1,671 3.04%
    40-60% 10 $1,280,000 $128,000 $1,958 3.44%
    60-80% 23 $3,575,000 $155,435 $3,022 2.95%
    80-100% 13 $2,215,000 $170,385 $3,477 3.10%
    Under 20% 4 $130,000 $32,500 $419 5.88%