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. Beckam Funding Corp. has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Riverside, San Francisco, Bakersfield, and Oxnard among others. We have data for 63 markets. (Some data included below & more in-depth data is available with an active subscription.)Beckam Funding Corp. has an above 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 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 |
|---|---|---|
| 30 Year Conventional Purchase | 8.04% | 4/21/24 |
| 30 Year Conventional Refi | 7.07% | 4/21/24 |
| 30 Year Cash-out Refi | 7.59% | 4/21/24 |
| 30 Year FHA Purchase | 7.97% | 4/21/24 |
| 30 Year FHA Refi | 7.33% | 4/21/24 |
| 30 Year VA Purchase | 6.68% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 7.79% | 4/21/24 |
| 15 Year Conventional Refi | 6.03% | 4/21/24 |
| 15 Year Cash-out Refi | 6.03% | 4/21/24 |
| 15 Year FHA Purchase | 9.01% | 4/21/24 |
| 15 Year VA Refi | 5.68% | 4/21/24 |
| 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. | ||
Beckam Funding Corp. Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,170Origination Dollar Volume (All Markets)
$488,570,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 556 | $274,280,000 | $493,309 | $17,613 | 3.68% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 290 | $101,940,000 | $351,517 | $13,309 | 3.66% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 38 | $21,080,000 | $554,737 | $17,299 | 3.58% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 27 | $8,495,000 | $314,630 | $11,707 | 3.76% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 14 | $7,860,000 | $561,429 | $22,784 | 3.85% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 28 | $7,380,000 | $263,571 | $12,151 | 3.68% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 12 | $5,680,000 | $473,333 | $15,554 | 3.27% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 13 | $5,155,000 | $396,538 | $12,080 | 3.32% |
| STOCKTON, CA (FHA|USDA|VA) | 13 | $5,065,000 | $389,615 | $11,803 | 3.79% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 19 | $4,975,000 | $261,842 | $12,202 | 3.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 18 | $4,850,000 | $269,444 | $12,909 | 3.81% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 13 | $3,785,000 | $291,154 | $8,496 | 3.42% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 10 | $3,170,000 | $317,000 | $7,478 | 2.89% |
| VALLEJO, CA (FHA|USDA|VA) | 5 | $2,405,000 | $481,000 | $13,934 | 3.48% |
| MODESTO, CA (FHA|USDA|VA) | 8 | $2,250,000 | $281,250 | $10,202 | 3.09% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 8 | $2,140,000 | $267,500 | $9,838 | 2.97% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 7 | $2,115,000 | $302,143 | $5,478 | 3.16% |
| Outside of Metro Areas | 8 | $1,980,000 | $247,500 | $8,983 | 3.50% |
| FRESNO, CA (FHA|USDA|VA) | 6 | $1,950,000 | $325,000 | $9,196 | 3.33% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,325,000 | $265,000 | $11,783 | 3.03% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $11,205 | 2.96% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $1,115,000 | $223,000 | $6,542 | 2.98% |
| NAPA, CA (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $11,921 | 3.44% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $11,291 | 3.67% |
| PROVO-OREM, UT (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $9,378 | 2.88% |
| Key West, FL (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $9,092 | 2.88% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $6,862 | 3.16% |
| MADERA, CA (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $12,354 | 4.75% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $2,871 | 2.56% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $4,980 | 3.50% |
| BATON ROUGE, LA (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $5,897 | 3.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $9,894 | 3.31% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $15,204 | 2.94% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $14,241 | 3.38% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $8,298 | 2.88% |
| Newport, OR (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $21,870 | 4.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $13,188 | 3.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $26,493 | 3.13% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,875 | 2.75% |
| YUBA CITY, CA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,626 | 3.13% |
| CHICO, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $8,232 | 4.13% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $19,230 | 4.75% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $19,433 | 3.13% |
| OCALA, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,789 | 2.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $15,682 | 3.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $16,611 | 3.50% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,488 | 2.50% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,391 | 3.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $6,104 | 3.04% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,380 | 2.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $12,345 | 3.88% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,200 | 2.88% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $13,560 | 4.25% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,425 | 3.63% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,135 | 3.63% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,200 | 3.13% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,050 | 2.75% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,441 | 3.00% |
| REDDING, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,507 | 2.88% |
| Bonham, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,290 | 3.13% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,815 | 2.25% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,935 | 2.75% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,796 | 2.88% |
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Product Mix
For 2020, Beckam Funding Corp.'s most frequently originated type of loan was Conventional, with 648 originations. Their 2nd most popular type was FHA, with 507 originations.
Loan Reason
For 2020, Beckam Funding Corp.'s most frequently cited loan purpose was Home Purchase, with 838 originations. The 2nd most popular reason was Refi, with 191 originations.
Loan Duration/Length
For 2020, Beckam Funding Corp.'s most frequently cited loan duration was 30 Year, with 1,146 originations. The 2nd most popular length was 15 Year, with 19 originations.
Origination Fees/Closing Costs
Beckam Funding Corp.'s average total fees were $15,178, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 845 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 500 | $223,680,000 | $447,360 |
| 4-5% | 349 | $149,435,000 | $428,181 |
| 2.5-3% | 266 | $99,120,000 | $372,632 |
| <2.5% | 47 | $13,515,000 | $287,553 |
| 5-6% | 8 | $2,820,000 | $352,500 |
During 2020, Beckam Funding Corp.'s average interest rate for loans was 3.64%, while their most frequently originated rate bucket for loans was 3-4%, with 500 originations.
Loan Sizing
2020 saw Beckam Funding Corp. place emphasis on $200k-400k loans with 521 originations, totaling $160,375,000 in origination value.
Applicant Income
Beckam Funding Corp. lent most frequently to those with incomes in the $100k-150k range, with 413 originations. The second most popular income band? $75k-100k, with 330 originations.
Applicant Debt to Income Ratio
Beckam Funding Corp. lent most frequently to those with DTI ratios of 30-36%, with 166 originations. The next most common DTI ratio? 50-60%, with 108 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.32%
Beckam Funding Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination-71.71%
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 |
|---|---|---|---|
| NA | 1,170 | $488,570,000 | $417,581 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 4 | $1,020,000 | $255,000 |
| Single Family (1-4 Units):Site-Built | 1,166 | $487,550,000 | $418,139 |