Blg Holdings Mortgage Rates, Fees & Info
FLINT, MILEI: 549300SKVC0LU4RBMF20
Tax ID: 27-1970388
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Blg Holdings is a smaller mortgage company specializing in Home Purchase loans. Blg Holdings has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Detroit, Flint, Grand Rapids, Monroe, and Lansing among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)Blg Holdings 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. Blg Holdings is typically an average 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 | 7.06% | 12/16/24 |
| 30 Year Conventional Refi | 6.67% | 12/16/24 |
| 30 Year Cash-out Refi | 6.92% | 12/16/24 |
| 30 Year FHA Purchase | 7.82% | 12/16/24 |
| 30 Year FHA Refi | 7.29% | 12/16/24 |
| 30 Year VA Purchase | 7.34% | 12/16/24 |
| 30 Year USDA Purchase | 7.32% | 12/16/24 |
| 15 Year Conventional Purchase | 6.60% | 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. | ||
Blg Holdings Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Blg Holdings. 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
485Origination Dollar Volume (All Markets)
$76,825,000Top 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 |
|---|---|---|---|---|---|
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 234 | $38,940,000 | $166,410 | $5,170 | 4.46% |
| FLINT, MI (FHA|USDA|VA) | 151 | $23,645,000 | $156,589 | $5,605 | 4.54% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 21 | $2,755,000 | $131,190 | $5,746 | 4.46% |
| MONROE, MI (FHA|USDA|VA) | 15 | $2,645,000 | $176,333 | $6,129 | 4.27% |
| Outside of Metro Areas | 18 | $2,500,000 | $138,889 | $5,202 | 4.51% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 16 | $2,190,000 | $136,875 | $6,132 | 4.44% |
| Alma, MI (FHA|USDA|VA) | 9 | $875,000 | $97,222 | $4,761 | 4.71% |
| SAGINAW, MI (FHA|USDA|VA) | 6 | $690,000 | $115,000 | $4,788 | 4.54% |
| ANN ARBOR, MI (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $7,725 | 4.08% |
| JACKSON, MI (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $5,201 | 3.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,504 | 4.88% |
| Mount Pleasant, MI (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,366 | 4.50% |
| NILES, MI (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $5,140 | 4.06% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,761 | 4.00% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,914 | 5.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,626 | 5.25% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,187 | 3.50% |
| Adrian, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,355 | 4.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against BLG HOLDINGS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 159
Similarity Rank: 196
Similarity Rank: 238
Similarity Rank: 289
Similarity Rank: 297
Similarity Rank: 297
Similarity Rank: 320
Similarity Rank: 344
Similarity Rank: 364
Similarity Rank: 402
Product Mix
For 2019, Blg Holdings's most frequently originated type of loan was Conventional, with 225 originations. Their 2nd most popular type was FHA, with 162 originations.
Loan Reason
For 2019, Blg Holdings's most frequently cited loan purpose was Home Purchase, with 388 originations. The 2nd most popular reason was Refi, with 52 originations.
Loan Duration/Length
For 2019, Blg Holdings's most frequently cited loan duration was 30 Year, with 455 originations. The 2nd most popular length was 15 Year, with 24 originations.
Origination Fees/Closing Costs
Blg Holdings's average total fees were $5,451, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 175 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 277 | $44,155,000 | $159,404 |
| 3-4% | 129 | $21,455,000 | $166,318 |
| 5-6% | 75 | $10,635,000 | $141,800 |
| 6-7% | 3 | $355,000 | $118,333 |
| 2.5-3% | 1 | $225,000 | $225,000 |
During 2019, Blg Holdings's average interest rate for loans was 4.51%, while their most frequently originated rate bucket for loans was 4-5%, with 277 originations.
Loan Sizing
2019 saw Blg Holdings place emphasis on $100k-200k loans with 268 originations, totaling $38,130,000 in origination value.
Applicant Income
Blg Holdings lent most frequently to those with incomes in the $50k or less range, with 169 originations. The second most popular income band? $50k-75k, with 143 originations.
Applicant Debt to Income Ratio
Blg Holdings lent most frequently to those with DTI ratios of 30-36%, with 105 originations. The next most common DTI ratio? 20-30%, with 88 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.75%
Blg Holdings has an average approval rate.
Pick Rate
Approvals leading to origination73.61%
Blg Holdings has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 485 | $76,825,000 | $158,402 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 11 | $1,035,000 | $94,091 |
| Single Family (1-4 Units):Site-Built | 474 | $75,790,000 | $159,895 |