Beacon Mortgage Rates, Fees & Info
La Porte, TXLEI: 54930031G7ALOZB0HI92
Tax ID: 74-1142857
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Mortgage Data
Review & Overview
Beacon is a smaller mortgage company specializing in Cash Out Refi, Home Purchase, and Refi loans. Beacon has a high proportion of conventional loans. Their top two markets are Houston and Longview .Beacon has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
55Origination Dollar Volume (All Markets)
$6,885,000Top 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) | 53 | $6,555,000 | $123,679 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 55 | $6,885,000 | $125,182 | $0 | 0.00% |
For 2020, Beacon's most frequently originated type of loan was Conventional, with 55 originations.
Loan Reason
For 2020, Beacon's most frequently cited loan purpose was Cash Out Refi, with 31 originations. The 2nd most popular reason was Home Purchase, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 55 | $6,885,000 | $125,182 | $0 | 0.00% |
For 2020, Beacon's most frequently cited loan duration was Other, with 55 originations.
Loan Sizing
2020 saw Beacon place emphasis on $100,000 or less loans with 24 originations, totaling $1,250,000 in origination value.
Applicant Income
Beacon lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 55 | $6,885,000 | $125,182 | $0 | 0.00% |
Beacon lent most frequently to those with DTI ratios of Exempt%, with 55 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not provided | 33 | $3,985,000 | $120,758 | $0 | 0.00% |
| White | 22 | $2,900,000 | $131,818 | $0 | 0.00% |
Approval Rates
Total approvals of all applications92.96%
Beacon has an average approval rate.
Pick Rate
Approvals leading to origination94.55%
Beacon has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 55 | $6,885,000 | $125,182 |