Beacon Mortgage Rates, Fees & Info

La Porte, TX

LEI: 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

55

Origination Dollar Volume (All Markets)

$6,885,000

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
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%
Beacon's top markets include Houston and Longview among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 31 $2,615,000 $84,355 $0 0.00%
    Home Purchase 12 $2,410,000 $200,833 $0 0.00%
    Refi 9 $1,755,000 $195,000 $0 0.00%
    Home Improvement 3 $105,000 $35,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 24 $1,250,000 $52,083 $0 0.00%
    $100k-200k 19 $2,655,000 $139,737 $0 0.00%
    $200k-400k 12 $2,980,000 $248,333 $0 0.00%

    2020 saw Beacon place emphasis on $100,000 or less loans with 24 originations, totaling $1,250,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $1,905,000 $146,538 $0 0.00%
    $50k-75k 12 $1,340,000 $111,667 $0 0.00%
    $75k-100k 12 $1,560,000 $130,000 $0 0.00%
    $150k-250k 10 $1,310,000 $131,000 $0 0.00%
    $50k or less 6 $460,000 $76,667 $0 0.00%
    $250k+ 2 $310,000 $155,000 $0 0.00%

    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 applications
    92.96%

    Beacon has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.55%

    Beacon has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 55 $6,885,000 $125,182

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 55 $6,885,000 $125,182