Beach Community Bank Mortgage Rates, Fees & Info

Fort Walton Beach, FL

LEI: 5493005ZT0Z1JDQ5CG52

Tax ID: 59-3672784

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Beach Community Bank is a smaller bank specializing in Home Purchase loans. Beach Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Pensacola, Crestview, and Tampa among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Beach Community Bank 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.

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    Originations

    50

    Origination Dollar Volume (All Markets)

    $16,140,000

    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
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 28 $6,930,000 $247,500 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 19 $6,785,000 $357,105 $0 0.00%
    Outside of Metro Areas 2 $1,840,000 $920,000 $0 0.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $585,000 $585,000 $0 0.00%
    Beach Community Bank's top markets include Pensacola, Crestview, and Tampa among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 50 $16,140,000 $322,800 $0 0.00%

    For 2018, Beach Community Bank's most frequently originated type of loan was Conventional, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 41 $12,225,000 $298,171 $0 0.00%
    Refi 8 $3,210,000 $401,250 $0 0.00%
    Home Improvement 1 $705,000 $705,000 $0 0.00%

    For 2018, Beach Community Bank's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 50 $16,140,000 $322,800 $0 0.00%

    For 2018, Beach Community Bank's most frequently cited loan duration was Other, with 50 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 17 $2,345,000 $137,941 $0 0.00%
    $100,000 or less 10 $560,000 $56,000 $0 0.00%
    $400k-600k 8 $4,100,000 $512,500 $0 0.00%
    $600k-1MM 7 $5,215,000 $745,000 $0 0.00%
    $200k-400k 6 $1,700,000 $283,333 $0 0.00%
    $1MM+ 2 $2,220,000 $1,110,000 $0 0.00%

    2018 saw Beach Community Bank place emphasis on $100k-200k loans with 17 originations, totaling $2,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 12 $3,640,000 $303,333 $0 0.00%
    $250k+ 10 $5,000,000 $500,000 $0 0.00%
    $100k-150k 5 $645,000 $129,000 $0 0.00%
    $50k-75k 4 $480,000 $120,000 $0 0.00%
    $75k-100k 3 $715,000 $238,333 $0 0.00%
    $50k or less 1 $55,000 $55,000 $0 0.00%

    Beach Community Bank lent most frequently to those with incomes in the $150k-250k range, with 12 originations. The second most popular income band? $250k+, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 50 $16,140,000 $322,800 $0 0.00%

    Beach Community Bank lent most frequently to those with DTI ratios of Exempt%, with 50 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 28 $8,180,000 $292,143 $0 0.00%
    Not applicable 14 $5,100,000 $364,286 $0 0.00%
    Not provided 7 $2,565,000 $366,429 $0 0.00%
    Black 1 $295,000 $295,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.89%

    Beach Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.00%

    Beach Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 50 $16,140,000 $322,800

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $2,930,000 $732,500
    Single Family (1-4 Units):Manufactured 1 $135,000 $135,000
    Single Family (1-4 Units):Site-Built 45 $13,075,000 $290,556