Blucurrent Mortgage Rates, Fees & Info

SPRINGFIELD, MO

LEI: 549300PHPKOL5FJ7D438

Tax ID: 44-0444275

5 stars - Updated: 5/20/24 - out of 5 stars, based on 21 reviews

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

Jump to:

Mortgage Data

Review & Overview

Blucurrent is a smaller mortgage company specializing in Refi and Home Purchase loans. Blucurrent has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Springfield, Branson, Joplin, St. Louis, and Lebanon among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Blucurrent 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. Blucurrent 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 relatively high 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
Home Equity Line of Credit (HELOC) 6.27% 5/20/24
30 Year Conventional Purchase 7.22% 5/20/24
30 Year Conventional Refi 7.12% 5/20/24
30 Year Cash-out Refi 7.25% 5/20/24
30 Year FHA Purchase 7.75% 5/20/24
15 Year Conventional Purchase 6.08% 5/20/24
15 Year Conventional Refi 5.68% 5/20/24
15 Year Cash-out Refi 5.68% 5/20/24
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.

Blucurrent Mortgage Calculator






Your Estimates

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

This is not an official calculator from Blucurrent. 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

445

Origination Dollar Volume (All Markets)

$52,195,000

Awards

BLUCURRENT 30 Year Conventional Loans gold BLUCURRENT 30 Year Conventional Loans gold BLUCURRENT 30 Year Conventional Loans gold
Show all (3) awards

Relative Rate

Blucurrent's average 30 year fixed mortgage rate was 6.34%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.14%.

Relative Fees (Closing Costs)

Blucurrent's average total fees/closing costs for a 30 year fixed rate mortgage were $2,746.

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 $9,089.

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
SPRINGFIELD, MO (FHA|USDA|VA) 370 $41,730,000 $112,784 $2,697 7.62%
Outside of Metro Areas 44 $6,580,000 $149,545 $3,320 7.76%
Branson, MO (FHA|USDA|VA) 16 $1,910,000 $119,375 $2,719 8.27%
JOPLIN, MO (FHA|USDA|VA) 8 $880,000 $110,000 $2,781 7.72%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $690,000 $345,000 $3,442 6.44%
Lebanon, MO (FHA|USDA|VA) 3 $295,000 $98,333 $2,006 7.63%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.75%
West Plains, MO (FHA|USDA|VA) 1 $25,000 $25,000 $0 8.25%
Blucurrent's top markets include Springfield, Branson, Joplin, St. Louis, and Lebanon among others.

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

    We use machine learning to identify the top lenders compared against BLUCURRENT based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    BLUCURRENT
    Similarity Rank: 56
    The Bank of Missouri
    Similarity Rank: 684
    UMB Bank
    Similarity Rank: 714
    Hawthorn Bank
    Similarity Rank: 960
    Springfield First Community Bank
    Similarity Rank: 1062
    Great Southern Bank
    Similarity Rank: 1914
    ASSEMBLIES OF GOD Credit Union
    Similarity Rank: 1935
    Oakstar Bank
    Similarity Rank: 2257
    Deere Employees Credit Union
    Similarity Rank: 2360
    Capitol Federal Savings Bank
    Similarity Rank: 2405

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 328 $26,340,000 $80,305 n/a 8.07%
    Conventional 112 $24,450,000 $218,304 $2,631 6.49%
    FHA 3 $555,000 $185,000 $6,568 7.13%
    VA 2 $850,000 $425,000 $3,015 6.44%

    For 2023, Blucurrent's most frequently originated type of loan was HELOC, with 328 originations. Their 2nd most popular type was Conventional, with 112 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 334 $27,920,000 $83,593 $2,530 7.95%
    Home Purchase 81 $16,375,000 $202,160 $2,895 6.96%
    Cash Out Refi 22 $7,060,000 $320,909 $2,377 5.57%
    Other 7 $755,000 $107,857 $0 8.39%
    Home Improvement 1 $85,000 $85,000 $0 8.00%

    For 2023, Blucurrent's most frequently cited loan purpose was Refi, with 334 originations. The 2nd most popular reason was Home Purchase, with 81 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 324 $23,950,000 $73,920 $2,432 8.11%
    30 Year 108 $25,320,000 $234,444 $2,746 6.34%
    5 Year 9 $1,495,000 $166,111 $0 7.56%
    1 Year 2 $1,150,000 $575,000 $0 7.75%
    10 Year 1 $75,000 $75,000 $3,331 5.38%
    20 Year 1 $205,000 $205,000 $2,482 7.13%

    For 2023, Blucurrent's most frequently cited loan duration was 15 Year, with 324 originations. The 2nd most popular length was 30 Year, with 108 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 88 $20,390,000 $231,705
    $1k-2k 15 $3,225,000 $215,000
    $2k-3k 4 $850,000 $212,500
    $3k-4k 2 $300,000 $150,000

    Blucurrent's average total fees were $2,746, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 88 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 217 $24,125,000 $111,175
    Over 8% 121 $9,205,000 $76,074
    6-7% 86 $12,190,000 $141,744
    <2.5% 9 $3,265,000 $362,778
    2.5-3% 6 $1,370,000 $228,333
    5-6% 4 $670,000 $167,500
    4-5% 1 $245,000 $245,000
    3-4% 1 $1,125,000 $1,125,000

    During 2023, Blucurrent's average interest rate for loans was 6.34%, while their most frequently originated rate bucket for loans was 7-8%, with 217 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 272 $13,150,000 $48,346 $2,270 8.07%
    $100k-200k 102 $14,690,000 $144,020 $2,697 7.37%
    $200k-400k 56 $15,440,000 $275,714 $2,869 6.83%
    $400k-600k 10 $4,550,000 $455,000 $2,557 4.69%
    $600k-1MM 3 $2,235,000 $745,000 $3,863 7.33%
    $1MM+ 2 $2,130,000 $1,065,000 $4,083 5.13%

    2023 saw Blucurrent place emphasis on $100,000 or less loans with 272 originations, totaling $13,150,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 108 $14,050,000 $130,093 $2,965 7.59%
    $50k-75k 101 $9,235,000 $91,436 $2,388 7.71%
    $75k-100k 89 $10,015,000 $112,528 $2,984 7.60%
    $50k or less 74 $6,080,000 $82,162 $2,885 7.89%
    $150k-250k 52 $7,500,000 $144,231 $2,467 7.69%
    $250k+ 18 $4,790,000 $266,111 $3,988 7.84%

    Blucurrent lent most frequently to those with incomes in the $100k-150k range, with 108 originations. The second most popular income band? $50k-75k, with 101 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 107 $12,155,000 $113,598 $2,606 7.40%
    30-36% 79 $9,325,000 $118,038 $2,950 7.52%
    <20% 36 $3,610,000 $100,278 $2,483 7.56%
    40% 33 $3,585,000 $108,636 $3,278 8.33%
    38% 25 $2,385,000 $95,400 $2,713 7.83%
    39% 20 $1,820,000 $91,000 $2,612 7.61%
    37% 19 $1,895,000 $99,737 $2,663 7.64%
    41% 18 $1,400,000 $77,778 $2,409 8.30%
    42% 16 $1,290,000 $80,625 $2,828 8.04%
    36% 16 $1,210,000 $75,625 $3,641 8.05%
    43% 16 $1,750,000 $109,375 $2,663 7.90%
    45% 16 $3,630,000 $226,875 $2,327 7.16%
    46% 12 $1,790,000 $149,167 $2,633 7.45%
    44% 9 $1,145,000 $127,222 $2,558 7.79%
    47% 9 $1,295,000 $143,889 $3,310 8.44%
    48% 6 $1,120,000 $186,667 $1,710 7.52%
    50-60% 4 $690,000 $172,500 $3,595 7.34%
    49% 2 $170,000 $85,000 $1,735 6.88%
    >60% 1 $805,000 $805,000 $3,844 7.25%

    Blucurrent lent most frequently to those with DTI ratios of 20-30%, with 107 originations. The next most common DTI ratio? 30-36%, with 79 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 431 $49,825,000 $115,603 $2,739 7.67%
    Not provided 8 $1,040,000 $130,000 $2,567 6.86%
    American Indian 3 $905,000 $301,667 $3,509 6.92%
    Filipino 1 $295,000 $295,000 $2,238 7.63%
    Black 2 $130,000 $65,000 $0 9.63%

    Approval Rates

    Total approvals of all applications
    84.94%

    Blucurrent has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    76.40%

    Blucurrent has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 445 $52,195,000 $117,292

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    445 $52,195,000 $117,292

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 126 $12,170,000 $96,587 $2,464 7.93%
    40-60% 32 $4,820,000 $150,625 $2,278 7.44%
    60-80% 63 $14,715,000 $233,571 $2,658 6.82%
    80-100% 56 $13,370,000 $238,750 $2,969 6.64%
    Under 20% 168 $7,120,000 $42,381 $0 8.15%