Blg Holdings Mortgage Rates, Fees & Info

FLINT, MI

LEI: 549300SKVC0LU4RBMF20

Tax ID: 27-1970388

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Mortgage Data

Review & Overview

Blg Holdings is a smaller mortgage company specializing in Home Purchase and Refi loans. Blg Holdings has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Detroit, Flint, Grand Rapids, Monroe, and Lansing among others. We have data for 30 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 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
30 Year Conventional Purchase 7.06% 3/28/24
30 Year Conventional Refi 6.67% 3/28/24
30 Year Cash-out Refi 6.92% 3/28/24
30 Year FHA Purchase 7.82% 3/28/24
30 Year FHA Refi 7.29% 3/28/24
30 Year VA Purchase 7.34% 3/28/24
30 Year USDA Purchase 7.32% 3/28/24
15 Year Conventional Purchase 6.60% 3/28/24
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

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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

827

Origination Dollar Volume (All Markets)

$144,745,000

Awards

BLG HOLDINGS FHA Loans bronze BLG HOLDINGS VA Loans gold BLG HOLDINGS 30 Year Conventional Loans bronze
Show all (3) 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
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 504 $89,240,000 $177,063 $4,259 3.06%
FLINT, MI (FHA|USDA|VA) 126 $22,390,000 $177,698 $4,431 3.09%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 41 $6,665,000 $162,561 $4,866 3.24%
MONROE, MI (FHA|USDA|VA) 31 $5,055,000 $163,065 $4,161 3.03%
Outside of Metro Areas 36 $4,880,000 $135,556 $4,638 3.24%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 19 $3,105,000 $163,421 $4,758 3.01%
ANN ARBOR, MI (FHA|USDA|VA) 10 $2,760,000 $276,000 $3,849 2.69%
Alma, MI (FHA|USDA|VA) 18 $2,020,000 $112,222 $4,815 3.33%
SAGINAW, MI (FHA|USDA|VA) 6 $1,000,000 $166,667 $4,290 3.02%
JACKSON, MI (FHA|USDA|VA) 5 $985,000 $197,000 $8,231 2.95%
Mount Pleasant, MI (FHA|USDA|VA) 4 $850,000 $212,500 $7,053 3.19%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $640,000 $320,000 $4,242 2.81%
Big Rapids, MI (FHA|USDA|VA) 4 $570,000 $142,500 $5,128 3.28%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $495,000 $495,000 $7,709 2.50%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $445,000 $445,000 $2,952 3.38%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 2 $440,000 $220,000 $3,503 3.13%
MIDLAND, MI (FHA|USDA|VA) 3 $405,000 $135,000 $4,019 3.25%
Adrian, MI (FHA|USDA|VA) 2 $390,000 $195,000 $3,106 3.06%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $365,000 $365,000 $4,648 3.38%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $335,000 $335,000 $4,485 4.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $255,000 $255,000 $3,108 3.00%
BAY CITY, MI (FHA|USDA|VA) 1 $245,000 $245,000 $2,897 3.50%
NILES, MI (FHA|USDA|VA) 1 $235,000 $235,000 $8,385 3.38%
BATTLE CREEK, MI (FHA|USDA|VA) 1 $185,000 $185,000 $5,200 2.88%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $165,000 $165,000 $6,838 2.50%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,601 3.13%
Hillsdale, MI (FHA|USDA|VA) 1 $145,000 $145,000 $4,288 3.25%
Traverse City, MI (FHA|USDA|VA) 1 $145,000 $145,000 $5,364 2.75%
OCALA, FL (FHA|USDA|VA) 1 $95,000 $95,000 $3,691 3.00%
MORRISTOWN, TN (FHA|USDA|VA) 1 $85,000 $85,000 $3,127 2.75%
Blg Holdings's top markets include Detroit, Flint, Grand Rapids, Monroe, and Lansing among others.

Their top states include:
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • 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.

    St James Mortgage Corporation
    Similarity Rank: 304
    Community West Credit Union
    Similarity Rank: 306
    KENT COUNTY CREDIT UNION
    Similarity Rank: 316
    PREFERRED CREDIT UNION
    Similarity Rank: 532
    MEMBERS FIRST Credit Union
    Similarity Rank: 561
    West Michigan Credit Union
    Similarity Rank: 572
    T&I Credit union
    Similarity Rank: 618
    Isabella Bank
    Similarity Rank: 630

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 576 $104,520,000 $181,458 $3,682 3.00%
    FHA 190 $29,630,000 $155,947 $6,292 3.35%
    USDA 43 $6,935,000 $161,279 $5,593 3.06%
    VA 18 $3,660,000 $203,333 $4,140 2.92%

    For 2021, Blg Holdings's most frequently originated type of loan was Conventional, with 576 originations. Their 2nd most popular type was FHA, with 190 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 467 $82,185,000 $175,985 $5,029 3.27%
    Refi 202 $35,330,000 $174,901 $3,379 2.72%
    Cash Out Refi 142 $25,670,000 $180,775 $3,850 2.98%
    Other 16 $1,560,000 $97,500 $3,345 3.14%

    For 2021, Blg Holdings's most frequently cited loan purpose was Home Purchase, with 467 originations. The 2nd most popular reason was Refi, with 202 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 708 $125,920,000 $177,853 $4,568 3.18%
    15 Year 81 $12,645,000 $156,111 $3,240 2.40%
    20 Year 18 $2,860,000 $158,889 $3,387 2.76%
    10 Year 10 $1,280,000 $128,000 $3,233 2.25%
    Other 10 $2,040,000 $204,000 $4,139 2.96%

    For 2021, Blg Holdings's most frequently cited loan duration was 30 Year, with 708 originations. The 2nd most popular length was 15 Year, with 81 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 541 $87,705,000 $162,116
    $2k-3k 164 $29,910,000 $182,378
    $3k-4k 57 $11,595,000 $203,421
    $<1k 26 $4,320,000 $166,154
    $5k+ 20 $6,500,000 $325,000
    $4k-5k 19 $4,715,000 $248,158

    Blg Holdings's average total fees were $4,568, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 541 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 444 $76,060,000 $171,306
    2.5-3% 254 $47,900,000 $188,583
    <2.5% 121 $19,695,000 $162,769
    4-5% 8 $1,090,000 $136,250

    During 2021, Blg Holdings's average interest rate for loans was 3.18%, while their most frequently originated rate bucket for loans was 3-4%, with 444 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 461 $67,685,000 $146,822 $4,298 3.10%
    $200k-400k 226 $59,690,000 $264,115 $4,984 3.06%
    $100,000 or less 124 $9,760,000 $78,710 $3,377 3.07%
    $400k-600k 16 $7,610,000 $475,625 $6,556 2.91%

    2021 saw Blg Holdings place emphasis on $100k-200k loans with 461 originations, totaling $67,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 259 $42,335,000 $163,456 $4,578 3.13%
    $50k or less 256 $32,530,000 $127,070 $4,187 3.14%
    $75k-100k 142 $28,730,000 $202,324 $4,542 3.08%
    $100k-150k 108 $24,690,000 $228,611 $4,280 2.97%
    $150k-250k 48 $12,870,000 $268,125 $4,392 2.85%
    $250k+ 11 $2,925,000 $265,909 $4,091 2.81%

    Blg Holdings lent most frequently to those with incomes in the $50k-75k range, with 259 originations. The second most popular income band? $50k or less, with 256 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 169 $27,865,000 $164,882 $3,981 3.02%
    30-36% 147 $24,975,000 $169,898 $4,358 3.08%
    <20% 65 $12,435,000 $191,308 $3,760 2.88%
    44% 39 $6,645,000 $170,385 $4,501 3.21%
    38% 37 $7,345,000 $198,514 $4,189 3.15%
    39% 37 $6,735,000 $182,027 $4,269 3.14%
    41% 36 $6,270,000 $174,167 $4,505 3.14%
    42% 34 $5,960,000 $175,294 $4,926 3.12%
    37% 33 $5,515,000 $167,121 $4,519 3.13%
    43% 32 $5,560,000 $173,750 $4,481 3.14%
    36% 31 $5,555,000 $179,194 $4,838 3.19%
    40% 30 $5,970,000 $199,000 $4,517 3.12%
    46% 25 $4,445,000 $177,800 $4,645 3.09%
    45% 24 $3,780,000 $157,500 $4,496 3.12%
    47% 24 $4,090,000 $170,417 $4,602 2.98%
    49% 23 $4,165,000 $181,087 $4,315 3.06%
    48% 21 $3,345,000 $159,286 $5,249 3.27%
    50-60% 20 $4,090,000 $204,500 $6,672 3.14%

    Blg Holdings lent most frequently to those with DTI ratios of 20-30%, with 169 originations. The next most common DTI ratio? 30-36%, with 147 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 605 $105,925,000 $175,083 $4,335 3.06%
    Not provided 119 $22,295,000 $187,353 $4,509 3.06%
    Black 95 $15,055,000 $158,474 $4,638 3.30%
    Asian 3 $455,000 $151,667 $3,180 2.54%
    Asian Indian 1 $335,000 $335,000 $4,151 2.13%
    Japanese 1 $275,000 $275,000 $7,657 2.50%
    Other Asian 2 $250,000 $125,000 $3,648 3.19%
    American Indian 1 $155,000 $155,000 $2,837 2.63%

    Approval Rates

    Total approvals of all applications
    95.34%

    Blg Holdings 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
    78.84%

    Blg Holdings has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 827 $144,745,000 $175,024

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    827 $144,745,000 $175,024

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $2,225,000 $117,105 $3,413 2.68%
    40-60% 78 $10,870,000 $139,359 $3,033 2.65%
    60-80% 253 $47,415,000 $187,411 $3,746 2.99%
    80-100% 476 $84,070,000 $176,618 $4,994 3.22%
    Over 100% 1 $165,000 $165,000 $4,673 3.88%