Beo Mortgage Rates, Fees & Info
Greenwood Village, COLEI: 5493008L9O5NV7EAK360
Tax ID: 84-0146595
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Mortgage Data
Review & Overview
Beo is a smaller mortgage company specializing in Home Improvement and Refi loans. Beo has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Houston, Lafayette, Chicago, and New York among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)Beo has a below 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.63% | 11/17/24 |
| 30 Year Conventional Purchase | 6.27% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 30 Year Cash-out Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.68% | 11/17/24 |
| 15 Year Conventional Refi | 5.68% | 11/17/24 |
| 15 Year Cash-out Refi | 5.68% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Beo Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,689Origination Dollar Volume (All Markets)
$627,465,000Top 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 |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3,116 | $353,680,000 | $113,504 | $0 | 9.29% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $48,120,000 | $24,060,000 | $0 | 6.60% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $47,605,000 | $47,605,000 | $0 | 6.32% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $40,130,000 | $20,065,000 | $0 | 6.37% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $40,005,000 | $40,005,000 | $0 | 6.77% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $24,005,000 | $24,005,000 | $0 | 6.68% |
| BOULDER, CO (FHA|USDA|VA) | 94 | $14,560,000 | $154,894 | $0 | 9.20% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $14,145,000 | $14,145,000 | $0 | 6.57% |
| GREELEY, CO (FHA|USDA|VA) | 169 | $13,515,000 | $79,970 | $0 | 9.62% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 106 | $7,660,000 | $72,264 | $0 | 9.67% |
| FORT COLLINS, CO (FHA|USDA|VA) | 71 | $7,475,000 | $105,282 | $0 | 9.33% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 38 | $4,800,000 | $126,316 | $0 | 9.43% |
| Outside of Metro Areas | 29 | $3,795,000 | $130,862 | $0 | 9.18% |
| Breckenridge, CO (FHA|USDA|VA) | 6 | $1,720,000 | $286,667 | $0 | 9.58% |
| Montrose, CO (FHA|USDA|VA) | 15 | $1,685,000 | $112,333 | $0 | 9.50% |
| Steamboat Springs, CO (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $0 | 9.43% |
| Edwards, CO (FHA|USDA|VA) | 6 | $970,000 | $161,667 | $0 | 9.17% |
| Cañon City, CO (FHA|USDA|VA) | 8 | $940,000 | $117,500 | $0 | 8.62% |
| Glenwood Springs, CO (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $0 | 9.13% |
| Durango, CO (FHA|USDA|VA) | 4 | $330,000 | $82,500 | $0 | 8.74% |
| PUEBLO, CO (FHA|USDA|VA) | 4 | $270,000 | $67,500 | $0 | 9.68% |
| Fort Morgan, CO (FHA|USDA|VA) | 5 | $235,000 | $47,000 | $0 | 9.40% |
| Sterling, CO (FHA|USDA|VA) | 2 | $40,000 | $20,000 | $0 | 10.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against BEO based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 3,679 | $412,865,000 | $112,222 | n/a | 9.32% |
| Conventional | 10 | $214,600,000 | $21,460,000 | $0 | 6.45% |
For 2023, Beo's most frequently originated type of loan was HELOC, with 3,679 originations. Their 2nd most popular type was Conventional, with 10 originations.
Loan Reason
For 2023, Beo's most frequently cited loan purpose was Home Improvement, with 1,499 originations. The 2nd most popular reason was Other, with 1,341 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20 Year | 3,679 | $412,865,000 | $112,222 | $0 | 9.32% |
| 10 Year | 10 | $214,600,000 | $21,460,000 | $0 | 6.45% |
For 2023, Beo's most frequently cited loan duration was 20 Year, with 3,679 originations. The 2nd most popular length was 10 Year, with 10 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 3,350 | $369,100,000 | $110,179 |
| 7-8% | 329 | $43,765,000 | $133,024 |
| 6-7% | 10 | $214,600,000 | $21,460,000 |
During 2023, Beo's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 3,350 originations.
Loan Sizing
2023 saw Beo place emphasis on $100,000 or less loans with 2,072 originations, totaling $111,410,000 in origination value.
Applicant Income
Beo lent most frequently to those with incomes in the $150k-250k range, with 1,052 originations. The second most popular income band? $100k-150k, with 1,039 originations.
Applicant Debt to Income Ratio
Beo lent most frequently to those with DTI ratios of 20-30%, with 594 originations. The next most common DTI ratio? 30-36%, with 568 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications66.58%
Beo has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination79.34%
Beo has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,689 | $627,465,000 | $170,091 |