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 Other and Cash Out Refi loans. Beo has an average proportion of conventional loans. Their top markets by origination volume include: Denver, Colorado Springs, Boulder, Greeley, and Fort Collins among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)Beo 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. Beo is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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% | 4/18/24 |
| 30 Year Conventional Purchase | 6.27% | 4/18/24 |
| 30 Year Conventional Refi | 6.27% | 4/18/24 |
| 30 Year Cash-out Refi | 6.27% | 4/18/24 |
| 15 Year Conventional Purchase | 5.68% | 4/18/24 |
| 15 Year Conventional Refi | 5.68% | 4/18/24 |
| 15 Year Cash-out Refi | 5.68% | 4/18/24 |
| 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
5,480Origination Dollar Volume (All Markets)
$595,950,000Top 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) | 4,889 | $505,865,000 | $103,470 | $3,383 | 6.30% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 89 | $26,555,000 | $298,371 | $2,291 | 6.70% |
| BOULDER, CO (FHA|USDA|VA) | 117 | $20,165,000 | $172,350 | $3,697 | 6.10% |
| GREELEY, CO (FHA|USDA|VA) | 135 | $14,615,000 | $108,259 | $3,402 | 6.69% |
| FORT COLLINS, CO (FHA|USDA|VA) | 74 | $9,680,000 | $130,811 | $3,382 | 6.38% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 92 | $5,770,000 | $62,717 | $3,508 | 6.85% |
| PUEBLO, CO (FHA|USDA|VA) | 7 | $3,695,000 | $527,857 | $1,692 | 6.07% |
| Outside of Metro Areas | 28 | $2,690,000 | $96,071 | $2,888 | 6.13% |
| Breckenridge, CO (FHA|USDA|VA) | 9 | $1,645,000 | $182,778 | $2,947 | 6.60% |
| Edwards, CO (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $1,710 | 7.33% |
| Steamboat Springs, CO (FHA|USDA|VA) | 7 | $1,145,000 | $163,571 | $0 | 7.25% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $1,055,000 | $1,055,000 | $0 | 4.00% |
| Montrose, CO (FHA|USDA|VA) | 9 | $685,000 | $76,111 | $3,277 | 6.51% |
| Glenwood Springs, CO (FHA|USDA|VA) | 6 | $400,000 | $66,667 | $1,825 | 7.00% |
| Durango, CO (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 6.67% |
| Fort Morgan, CO (FHA|USDA|VA) | 4 | $210,000 | $52,500 | $3,402 | 7.41% |
| Cañon City, CO (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 6.38% |
| Craig, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,354 | 4.88% |
| Sterling, CO (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 8.25% |
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 | 5,103 | $456,675,000 | $89,491 | n/a | 6.45% |
| Conventional | 377 | $139,275,000 | $369,430 | $3,333 | 4.65% |
For 2018, Beo's most frequently originated type of loan was HELOC, with 5,103 originations. Their 2nd most popular type was Conventional, with 377 originations.
Loan Reason
For 2018, Beo's most frequently cited loan purpose was Other, with 2,529 originations. The 2nd most popular reason was Cash Out Refi, with 1,592 originations.
Loan Duration/Length
For 2018, Beo's most frequently cited loan duration was 20 Year, with 5,118 originations. The 2nd most popular length was 30 Year, with 260 originations.
Origination Fees/Closing Costs
Beo's average total fees were $3,467, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 194 originations.
Interest Rates
During 2018, Beo's average interest rate for loans was 4.79%, while their most frequently originated rate bucket for loans was 5-6%, with 2,443 originations.
Loan Sizing
2018 saw Beo place emphasis on $100,000 or less loans with 3,429 originations, totaling $176,025,000 in origination value.
Applicant Income
Beo lent most frequently to those with incomes in the $100k-150k range, with 1,609 originations. The second most popular income band? $150k-250k, with 1,041 originations.
Applicant Debt to Income Ratio
Beo lent most frequently to those with DTI ratios of 20-30%, with 921 originations. The next most common DTI ratio? 30-36%, with 857 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications72.78%
Beo has a below average approval rate.
Pick Rate
Approvals leading to origination77.52%
Beo has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 8 | $560,000 | $70,000 |
| NA | 5,472 | $595,390,000 | $108,807 |