Beckam Funding Corp. Mortgage Rates, Fees & Info
Redding, CALEI: 549300G4JDIJPBEO8J84
Tax ID: 77-0174529
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Mortgage Data
Review & Overview
Beckam Funding Corp. is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Beckam Funding Corp. has an average proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, Houston, Miami, and Dallas among others. We have data for 74 markets. (Some data included below & more in-depth data is available with an active subscription.)Beckam Funding Corp. 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. Beckam Funding Corp. is typically a high 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 relatively high 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 |
|---|---|---|
| 30 Year Conventional Purchase | 8.47% | 4/5/25 |
| 30 Year Conventional Refi | 7.11% | 4/5/25 |
| 30 Year Cash-out Refi | 8.77% | 4/5/25 |
| 30 Year FHA Purchase | 8.26% | 4/5/25 |
| 30 Year FHA Refi | 8.46% | 4/5/25 |
| 30 Year VA Purchase | 7.22% | 4/5/25 |
| 30 Year USDA Purchase | 6.72% | 4/5/25 |
| 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. | ||
Beckam Funding Corp. Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
367Origination Dollar Volume (All Markets)
$161,455,000Relative Rate
Beckam Funding Corp.'s average 30 year fixed mortgage rate was
7.41%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.86%.
Relative Fees (Closing Costs)
Beckam Funding Corp.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $22,646.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 97 | $60,485,000 | $623,557 | $30,586 | 7.28% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 76 | $33,940,000 | $446,579 | $23,465 | 7.27% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 19 | $5,835,000 | $307,105 | $18,496 | 7.22% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 11 | $4,685,000 | $425,909 | $24,632 | 7.56% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 12 | $4,380,000 | $365,000 | $21,570 | 7.36% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $3,010,000 | $752,500 | $33,900 | 7.78% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $2,285,000 | $326,429 | $16,816 | 7.50% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 7 | $2,285,000 | $326,429 | $16,573 | 7.52% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $2,190,000 | $365,000 | $21,132 | 7.38% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 7 | $2,115,000 | $302,143 | $14,489 | 7.68% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 7 | $2,075,000 | $296,429 | $12,815 | 7.39% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $1,890,000 | $472,500 | $28,722 | 7.09% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 5 | $1,835,000 | $367,000 | $20,406 | 6.85% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $1,800,000 | $900,000 | $28,460 | 7.69% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $1,770,000 | $442,500 | $19,015 | 8.16% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $1,680,000 | $280,000 | $15,930 | 7.62% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,585,000 | $317,000 | $15,552 | 6.65% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 6 | $1,550,000 | $258,333 | $15,843 | 7.71% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $1,365,000 | $455,000 | $22,831 | 6.83% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 2 | $1,320,000 | $660,000 | $9,421 | 8.87% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $10,416 | 7.50% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $0 | 8.00% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $915,000 | $915,000 | $29,564 | 10.50% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $23,539 | 8.50% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $11,825 | 7.92% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $12,370 | 7.46% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $17,813 | 6.25% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $14,115 | 8.25% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $10,903 | 7.28% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $21,656 | 10.12% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $11,135 | 8.21% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $17,672 | 7.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $10,669 | 9.50% |
| WACO, TX (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $18,144 | 7.63% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $11,424 | 8.04% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $22,156 | 8.88% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $17,550 | 7.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $13,873 | 7.44% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $30,493 | 7.25% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $27,739 | 7.25% |
| MADERA, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $25,013 | 6.99% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $8,820 | 8.88% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $13,268 | 8.13% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $25,989 | 7.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $26,871 | 6.50% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,896 | 8.50% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $9,274 | 7.38% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $15,273 | 7.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $12,158 | 8.88% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 7.75% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $10,977 | 7.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $21,876 | 6.50% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $13,011 | 7.13% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,026 | 8.62% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $12,067 | 7.38% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $12,748 | 8.50% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $13,909 | 7.75% |
| Vicksburg, MS (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $10,890 | 7.50% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $14,419 | 7.25% |
| MERCED, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 7.75% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $13,861 | 9.25% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $12,605 | 9.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $11,594 | 6.50% |
| OCALA, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,456 | 7.75% |
| TULSA, OK (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,838 | 6.13% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $18,246 | 7.75% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,896 | 7.50% |
| Outside of Metro Areas | 1 | $175,000 | $175,000 | $8,858 | 8.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 8.87% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,963 | 8.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,416 | 8.25% |
| Grenada, MS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,759 | 7.50% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.62% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $7,569 | 7.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against BECKAM FUNDING CORP. 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 |
|---|---|---|---|---|---|
| FHA | 270 | $121,140,000 | $448,667 | $24,479 | 7.18% |
| Conventional | 93 | $38,735,000 | $416,505 | $15,250 | 8.21% |
| VA | 4 | $1,580,000 | $395,000 | $14,802 | 7.34% |
For 2024, Beckam Funding Corp.'s most frequently originated type of loan was FHA, with 270 originations. Their 2nd most popular type was Conventional, with 93 originations.
Loan Reason
For 2024, Beckam Funding Corp.'s most frequently cited loan purpose was Home Purchase, with 341 originations. The 2nd most popular reason was Cash Out Refi, with 23 originations.
Loan Duration/Length
For 2024, Beckam Funding Corp.'s most frequently cited loan duration was 30 Year, with 358 originations. The 2nd most popular length was 10 Year, with 7 originations.
Origination Fees/Closing Costs
Beckam Funding Corp.'s average total fees were $22,646, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 317 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 199 | $87,735,000 | $440,879 |
| 6-7% | 111 | $49,745,000 | $448,153 |
| Over 8% | 52 | $21,890,000 | $420,962 |
| 5-6% | 5 | $2,085,000 | $417,000 |
During 2024, Beckam Funding Corp.'s average interest rate for loans was 7.41%, while their most frequently originated rate bucket for loans was 7-8%, with 199 originations.
Loan Sizing
2024 saw Beckam Funding Corp. place emphasis on $200k-400k loans with 150 originations, totaling $46,000,000 in origination value.
Applicant Income
Beckam Funding Corp. lent most frequently to those with incomes in the $100k-150k range, with 128 originations. The second most popular income band? $150k-250k, with 90 originations.
Applicant Debt to Income Ratio
Beckam Funding Corp. lent most frequently to those with DTI ratios of 50-60%, with 71 originations. The next most common DTI ratio? 47%, with 29 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.00%
Beckam Funding Corp. has an average approval rate.
Pick Rate
Approvals leading to origination-37.87%
Beckam Funding Corp. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 14951.0 | 1 | $175,000 | $175,000 |
| 17195.0 | 1 | $205,000 | $205,000 |
| 21362.34 | 1 | $245,000 | $245,000 |
| 42382.5 | 1 | $525,000 | $525,000 |
| NA | 363 | $160,305,000 | $441,612 |