Beach Community Mortgage Services Rates, Fees & Info
Fort Walton Beach, FLLEI: 5493000W4QLNZXGPAF40
Tax ID: 20-3450673
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Mortgage Data
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, Tampa, Panama City, and Palm Bay among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Beach Community Mortgage Services 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.
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Originations
416Origination Dollar Volume (All Markets)
$113,280,000Top 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 |
|---|---|---|---|---|---|
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 264 | $70,290,000 | $266,250 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 131 | $34,845,000 | $265,992 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $3,005,000 | $601,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 5 | $1,765,000 | $353,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $165,000 | $165,000 | $0 | 0.00% |
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.
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Product Mix
For 2019, Beach Community Mortgage Services's most frequently originated type of loan was VA, with 196 originations. Their 2nd most popular type was Conventional, with 175 originations.
Loan Reason
For 2019, Beach Community Mortgage Services's most frequently cited loan purpose was Home Purchase, with 326 originations. The 2nd most popular reason was Refi, with 62 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 416 | $113,280,000 | $272,308 | $0 | 0.00% |
For 2019, Beach Community Mortgage Services's most frequently cited loan duration was Other, with 416 originations.
Loan Sizing
2019 saw Beach Community Mortgage Services place emphasis on $200k-400k loans with 201 originations, totaling $55,405,000 in origination value.
Applicant Income
Beach Community Mortgage Services lent most frequently to those with incomes in the $50k-75k range, with 87 originations. The second most popular income band? $100k-150k, with 85 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 416 | $113,280,000 | $272,308 | $0 | 0.00% |
Beach Community Mortgage Services lent most frequently to those with DTI ratios of Exempt%, with 416 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.33%
Beach Community Mortgage Services has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination81.01%
Beach Community Mortgage Services has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 416 | $113,280,000 | $272,308 |