Beacon Mortgage Rates, Fees & Info
La Porte, TXLEI: 54930031G7ALOZB0HI92
Tax ID: 74-1142857
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Beacon is a smaller mortgage company specializing in Cash Out Refi loans. Beacon has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Tyler, and Dallas among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Beacon 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.
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.
Originations
36Origination Dollar Volume (All Markets)
$3,950,000Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 32 | $3,540,000 | $110,625 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $70,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 36 | $3,950,000 | $109,722 | $0 | 0.00% |
For 2024, Beacon's most frequently originated type of loan was Conventional, with 36 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 34 | $3,520,000 | $103,529 | $0 | 0.00% |
| Home Purchase | 2 | $430,000 | $215,000 | $0 | 0.00% |
For 2024, Beacon's most frequently cited loan purpose was Cash Out Refi, with 34 originations. The 2nd most popular reason was Home Purchase, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 36 | $3,950,000 | $109,722 | $0 | 0.00% |
For 2024, Beacon's most frequently cited loan duration was Other, with 36 originations.
Loan Sizing
2024 saw Beacon place emphasis on $100,000 or less loans with 23 originations, totaling $1,325,000 in origination value.
Applicant Income
Beacon lent most frequently to those with incomes in the $150k-250k range, with 12 originations. The second most popular income band? $100k-150k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 36 | $3,950,000 | $109,722 | $0 | 0.00% |
Beacon lent most frequently to those with DTI ratios of Exempt%, with 36 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 27 | $3,145,000 | $116,481 | $0 | 0.00% |
| Not provided | 9 | $805,000 | $89,444 | $0 | 0.00% |
Approval Rates
Total approvals of all applications72.41%
Beacon has a below average approval rate.
Pick Rate
Approvals leading to origination88.89%
Beacon has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 36 | $3,950,000 | $109,722 |