Beacon Mortgage Rates, Fees & Info
La Porte, TXLEI: 54930031G7ALOZB0HI92
Tax ID: 74-1142857
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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 two markets are Houston and Austin .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.
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Originations
38Origination Dollar Volume (All Markets)
$4,120,000Top 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) | 37 | $4,065,000 | $109,865 | $0 | 0.00% |
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 38 | $4,120,000 | $108,421 | $0 | 0.00% |
For 2022, Beacon's most frequently originated type of loan was Conventional, with 38 originations.
Loan Reason
For 2022, Beacon's most frequently cited loan purpose was Cash Out Refi, with 30 originations. The 2nd most popular reason was Home Purchase, with 4 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 38 | $4,120,000 | $108,421 | $0 | 0.00% |
For 2022, Beacon's most frequently cited loan duration was Other, with 38 originations.
Loan Sizing
2022 saw Beacon place emphasis on $100,000 or less loans with 20 originations, totaling $1,130,000 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? $150k-250k, with 7 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 38 | $4,120,000 | $108,421 | $0 | 0.00% |
Beacon lent most frequently to those with DTI ratios of Exempt%, with 38 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.62%
Beacon has a below average approval rate.
Pick Rate
Approvals leading to origination78.95%
Beacon has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 38 | $4,120,000 | $108,421 |