Beach Community Bank Mortgage Rates, Fees & Info
Fort Walton Beach, FLLEI: 5493005ZT0Z1JDQ5CG52
Tax ID: 59-3672784
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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: Gulfport, Pensacola, Tampa, Crestview, and Daphne among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Beach Community Bank 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
12Origination Dollar Volume (All Markets)
$6,140,000Top 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 |
|---|---|---|---|---|---|
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $3,485,000 | $3,485,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 6 | $1,170,000 | $195,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 12 | $6,140,000 | $511,667 | $0 | 0.00% |
For 2019, Beach Community Bank's most frequently originated type of loan was Conventional, with 12 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 10 | $5,490,000 | $549,000 | $0 | 0.00% |
| Refi | 2 | $650,000 | $325,000 | $0 | 0.00% |
For 2019, Beach Community Bank's most frequently cited loan purpose was Home Purchase, with 10 originations. The 2nd most popular reason was Refi, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 12 | $6,140,000 | $511,667 | $0 | 0.00% |
For 2019, Beach Community Bank's most frequently cited loan duration was Other, with 12 originations.
Loan Sizing
2019 saw Beach Community Bank place emphasis on $200k-400k loans with 4 originations, totaling $950,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 1 | $125,000 | $125,000 | $0 | 0.00% |
| $250k+ | 1 | $525,000 | $525,000 | $0 | 0.00% |
| $75k-100k | 1 | $215,000 | $215,000 | $0 | 0.00% |
Beach Community Bank lent most frequently to those with incomes in the $150k-250k range, with 1 originations. The second most popular income band? $250k+, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 12 | $6,140,000 | $511,667 | $0 | 0.00% |
Beach Community Bank lent most frequently to those with DTI ratios of Exempt%, with 12 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 9 | $5,275,000 | $586,111 | $0 | 0.00% |
| White | 3 | $865,000 | $288,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.37%
Beach Community Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination91.67%
Beach Community Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 12 | $6,140,000 | $511,667 |