Beach Community Mortgage Services Rates, Fees & Info

Fort Walton Beach, FL

LEI: 5493000W4QLNZXGPAF40

Tax ID: 20-3450673

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

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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

    Beach Community Mortgage Services is a smaller mortgage company specializing in Home Purchase loans. Beach Community Mortgage Services 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: Crestview, Pensacola, Nashville, and Montgomery among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Beach Community Mortgage Services 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.

    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.

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    Originations

    261

    Origination Dollar Volume (All Markets)

    $67,635,000

    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
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 165 $42,475,000 $257,424 $0 0.00%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 94 $24,810,000 $263,936 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Beach Community Mortgage Services's top markets include Crestview, Pensacola, Nashville, and Montgomery among others.

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

    • Similar Lenders

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

    Eglin Federal Credit Union
    Similarity Rank: 38
    HARVESTERS FEDERAL CREDIT UNION
    Similarity Rank: 159
    Gulf Winds Credit Union
    Similarity Rank: 343
    Pen Air Federal Credit Union
    Similarity Rank: 376
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 436
    Centennial Lending Group LLC.
    Similarity Rank: 496
    SAN ANTONIO CITIZENS
    Similarity Rank: 531
    Suncoast Credit Union
    Similarity Rank: 638
    TrustCo Bank
    Similarity Rank: 825
    NEAL COMMUNITIES FUNDING, LLC
    Similarity Rank: 924

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    VA 129 $39,065,000 $302,829 $0 0.00%
    Conventional 92 $21,020,000 $228,478 $0 0.00%
    FHA 34 $6,790,000 $199,706 $0 0.00%
    USDA 6 $760,000 $126,667 $0 0.00%

    For 2018, Beach Community Mortgage Services's most frequently originated type of loan was VA, with 129 originations. Their 2nd most popular type was Conventional, with 92 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 233 $61,665,000 $264,657 $0 0.00%
    Refi 15 $3,605,000 $240,333 $0 0.00%
    Cash Out Refi 12 $2,290,000 $190,833 $0 0.00%
    Other 1 $75,000 $75,000 $0 0.00%

    For 2018, Beach Community Mortgage Services's most frequently cited loan purpose was Home Purchase, with 233 originations. The 2nd most popular reason was Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 261 $67,635,000 $259,138 $0 0.00%

    For 2018, Beach Community Mortgage Services's most frequently cited loan duration was Other, with 261 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 135 $38,745,000 $287,000 $0 0.00%
    $100k-200k 83 $12,785,000 $154,036 $0 0.00%
    $400k-600k 26 $11,870,000 $456,538 $0 0.00%
    $100,000 or less 13 $995,000 $76,538 $0 0.00%
    $600k-1MM 3 $2,195,000 $731,667 $0 0.00%
    $1MM+ 1 $1,045,000 $1,045,000 $0 0.00%

    2018 saw Beach Community Mortgage Services place emphasis on $200k-400k loans with 135 originations, totaling $38,745,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 62 $12,890,000 $207,903 $0 0.00%
    $75k-100k 60 $15,040,000 $250,667 $0 0.00%
    $100k-150k 58 $17,390,000 $299,828 $0 0.00%
    $50k or less 37 $5,595,000 $151,216 $0 0.00%
    $150k-250k 36 $12,960,000 $360,000 $0 0.00%
    $250k+ 6 $3,220,000 $536,667 $0 0.00%

    Beach Community Mortgage Services lent most frequently to those with incomes in the $50k-75k range, with 62 originations. The second most popular income band? $75k-100k, with 60 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 261 $67,635,000 $259,138 $0 0.00%

    Beach Community Mortgage Services lent most frequently to those with DTI ratios of Exempt%, with 261 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 199 $51,135,000 $256,960 $0 0.00%
    Not provided 39 $10,765,000 $276,026 $0 0.00%
    Black 15 $3,735,000 $249,000 $0 0.00%
    American Indian 3 $885,000 $295,000 $0 0.00%
    Asian 3 $695,000 $231,667 $0 0.00%
    Native Hawaiian or Islander 1 $315,000 $315,000 $0 0.00%
    Other Pacific Islander 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.83%

    Beach Community Mortgage Services has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.63%

    Beach Community Mortgage Services has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 261 $67,635,000 $259,138

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $105,000 $105,000
    Single Family (1-4 Units):Site-Built 260 $67,530,000 $259,731