Belem Servicing Mortgage Rates, Fees & Info

SAINT GEORGE, UT

LEI: 549300OHLAHJ10DFF198

Tax ID: 26-1747501

4.1 stars - Updated: 2/26/24 - out of 5 stars, based on 21 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Belem Servicing is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Belem Servicing has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: St. George, Provo, Las Vegas, Salt Lake City, and Cedar City among others. We have data for 73 markets. (Some data included below & more in-depth data is available with an active subscription.)

Belem Servicing 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. Belem Servicing is typically an average 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.67% 2/26/24
30 Year Conventional Refi 6.74% 2/26/24
30 Year Cash-out Refi 6.89% 2/26/24
30 Year FHA Purchase 7.63% 2/26/24
30 Year FHA Refi 7.09% 2/26/24
30 Year VA Purchase 6.45% 2/26/24
30 Year VA Refi 6.08% 2/26/24
15 Year Conventional Purchase 6.72% 2/26/24
15 Year Conventional Refi 7.06% 2/26/24
15 Year Cash-out Refi 7.06% 2/26/24
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.

Belem Servicing Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Belem Servicing. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

430

Origination Dollar Volume (All Markets)

$167,330,000

Relative Rate

Belem Servicing's average 30 year fixed mortgage rate was 4.61%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.15%.

Relative Fees (Closing Costs)

Belem Servicing's average total fees/closing costs for a 30 year fixed rate mortgage were $7,837.

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 $4,750.

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
ST. GEORGE, UT (FHA|USDA|VA) 234 $99,340,000 $424,530 $6,430 4.86%
PROVO-OREM, UT (FHA|USDA|VA) 21 $8,705,000 $414,524 $7,276 4.62%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 17 $5,415,000 $318,529 $7,308 3.89%
SALT LAKE CITY, UT (FHA|USDA|VA) 11 $3,725,000 $338,636 $8,431 5.16%
Outside of Metro Areas 11 $3,415,000 $310,455 $7,677 4.82%
Cedar City, UT (FHA|USDA|VA) 9 $3,395,000 $377,222 $6,873 4.35%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 10 $3,060,000 $306,000 $11,126 3.25%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $2,540,000 $635,000 $21,774 3.44%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 6 $2,270,000 $378,333 $6,793 4.65%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $2,050,000 $341,667 $11,449 4.15%
IDAHO FALLS, ID (FHA|USDA|VA) 6 $1,650,000 $275,000 $4,326 6.46%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,580,000 $395,000 $13,660 3.69%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $1,465,000 $488,333 $12,835 2.83%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $1,305,000 $261,000 $10,784 3.50%
LAS CRUCES, NM (FHA|USDA|VA) 5 $1,285,000 $257,000 $7,517 6.33%
Steamboat Springs, CO (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $20,939 5.00%
LOGAN, UT-ID (FHA|USDA|VA) 3 $1,085,000 $361,667 $5,222 5.54%
RENO, NV (FHA|USDA|VA) 2 $1,030,000 $515,000 $15,852 4.63%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $1,030,000 $515,000 $13,334 3.38%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $970,000 $485,000 $13,430 3.99%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $960,000 $480,000 $17,961 6.38%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $950,000 $475,000 $7,906 6.56%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $925,000 $308,333 $11,011 6.96%
TUCSON, AZ (FHA|USDA|VA) 3 $895,000 $298,333 $12,243 2.75%
FAYETTEVILLE, NC (FHA|USDA|VA) 3 $885,000 $295,000 $7,404 2.63%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $825,000 $825,000 $6,461 3.50%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $685,000 $685,000 $9,114 4.63%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $605,000 $605,000 $25,670 1.75%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $595,000 $595,000 $15,442 2.25%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $585,000 $585,000 $5,373 4.75%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $570,000 $285,000 $3,825 3.81%
Rexburg, ID (FHA|USDA|VA) 2 $570,000 $285,000 $6,303 6.06%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $565,000 $565,000 $13,162 5.99%
COLUMBUS, OH (FHA|USDA|VA) 2 $520,000 $260,000 $11,928 3.31%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $505,000 $505,000 $9,674 5.75%
POCATELLO, ID (FHA|USDA|VA) 3 $455,000 $151,667 $7,467 5.38%
Marion, NC (FHA|USDA|VA) 1 $445,000 $445,000 $28,107 1.75%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $440,000 $220,000 $6,087 3.44%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $425,000 $425,000 $12,747 4.50%
WACO, TX (FHA|USDA|VA) 1 $365,000 $365,000 $6,170 5.88%
EL PASO, TX (FHA|USDA|VA) 2 $360,000 $180,000 $6,495 7.19%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $355,000 $355,000 $10,000 3.25%
DOTHAN, AL (FHA|USDA|VA) 1 $355,000 $355,000 $16,159 4.75%
ANCHORAGE, AK (FHA|USDA|VA) 1 $335,000 $335,000 $10,253 1.75%
REDDING, CA (FHA|USDA|VA) 1 $325,000 $325,000 $9,706 3.50%
KNOXVILLE, TN (FHA|USDA|VA) 1 $325,000 $325,000 $9,425 3.25%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $295,000 $295,000 $6,700 3.13%
BOISE CITY, ID (FHA|USDA|VA) 1 $295,000 $295,000 $3,876 3.49%
SALEM, OR (FHA|USDA|VA) 1 $295,000 $295,000 $13,942 4.38%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $285,000 $285,000 $8,621 1.75%
Aberdeen, WA (FHA|USDA|VA) 1 $275,000 $275,000 $17,929 2.25%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $265,000 $265,000 $3,126 2.50%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $265,000 $265,000 $13,185 1.75%
Shelton, WA (FHA|USDA|VA) 1 $245,000 $245,000 $7,944 2.75%
ALTOONA, PA (FHA|USDA|VA) 1 $245,000 $245,000 $17,721 3.25%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $235,000 $235,000 $7,617 2.75%
Waycross, GA (FHA|USDA|VA) 1 $225,000 $225,000 $15,286 4.38%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $225,000 $225,000 $7,355 3.50%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $215,000 $215,000 $7,233 1.75%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $215,000 $215,000 $6,880 6.63%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $215,000 $215,000 $13,454 3.25%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $215,000 $215,000 $3,683 3.63%
YUMA, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $9,891 5.25%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $205,000 $205,000 $6,848 1.75%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $195,000 $195,000 $14,058 2.75%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $195,000 $195,000 $11,477 4.25%
MANKATO, MN (FHA|USDA|VA) 1 $185,000 $185,000 $6,455 2.99%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $175,000 $175,000 $10,165 3.75%
ROME, GA (FHA|USDA|VA) 1 $165,000 $165,000 $9,946 3.75%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $165,000 $165,000 $4,100 4.25%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $165,000 $165,000 $4,245 2.75%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $165,000 $165,000 $5,769 5.25%
GETTYSBURG, PA (FHA|USDA|VA) 1 $155,000 $155,000 $4,579 3.25%
Belem Servicing's top markets include St. George, Provo, Las Vegas, Salt Lake City, and Cedar City among others.

Their top states include:
  • Utah (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against BELEM SERVICING based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Credit Union
    Similarity Rank: 210
    S&S Financial
    Similarity Rank: 264
    HORIZON UTAH Federal Credit Union
    Similarity Rank: 350
    WEBER STATE FEDERAL CREDIT UNION
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    State Bank of Southern Utah
    Similarity Rank: 486
    ALOHA PACIFIC
    Similarity Rank: 536
    Cedar Point Federal Credit Union
    Similarity Rank: 546
    TRANSWEST CREDIT UNION
    Similarity Rank: 580
    Jordan Federal Credit Union
    Similarity Rank: 784
    SIMPLIFI MORTGAGE, LLC
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 301 $121,625,000 $404,070 $6,100 4.99%
    VA 84 $31,170,000 $371,071 $10,729 3.45%
    FHA 45 $14,535,000 $323,000 $13,141 4.19%

    For 2022, Belem Servicing's most frequently originated type of loan was Conventional, with 301 originations. Their 2nd most popular type was VA, with 84 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 274 $112,080,000 $409,051 $6,743 5.10%
    Cash Out Refi 101 $35,875,000 $355,198 $10,449 3.47%
    Refi 51 $18,415,000 $361,078 $7,686 4.29%
    Home Improvement 4 $960,000 $240,000 $9,161 3.22%

    For 2022, Belem Servicing's most frequently cited loan purpose was Home Purchase, with 274 originations. The 2nd most popular reason was Cash Out Refi, with 101 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 418 $163,800,000 $391,866 $7,837 4.61%
    15 Year 11 $3,175,000 $288,636 $4,447 4.44%
    20 Year 1 $355,000 $355,000 $4,465 3.38%

    For 2022, Belem Servicing's most frequently cited loan duration was 30 Year, with 418 originations. The 2nd most popular length was 15 Year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 147 $63,745,000 $433,639
    $1k-2k 125 $51,105,000 $408,840
    $2k-3k 50 $18,950,000 $379,000
    $4k-5k 48 $16,530,000 $344,375
    $3k-4k 31 $9,445,000 $304,677
    $<1k 29 $7,555,000 $260,517

    Belem Servicing's average total fees were $7,837, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 147 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 124 $49,310,000 $397,661
    5-6% 111 $45,455,000 $409,505
    4-5% 77 $32,155,000 $417,597
    6-7% 47 $17,115,000 $364,149
    <2.5% 28 $9,680,000 $345,714
    2.5-3% 25 $8,655,000 $346,200
    7-8% 16 $4,920,000 $307,500
    Over 8% 2 $40,000 $20,000

    During 2022, Belem Servicing's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 3-4%, with 124 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 210 $63,730,000 $303,476 $7,771 4.47%
    $400k-600k 121 $58,605,000 $484,339 $7,866 4.70%
    $600k-1MM 52 $35,770,000 $687,885 $9,859 4.66%
    $100k-200k 37 $6,335,000 $171,216 $5,252 4.55%
    $100,000 or less 8 $280,000 $35,000 $1,237 6.81%
    $1MM+ 2 $2,610,000 $1,305,000 $16,305 4.13%

    2022 saw Belem Servicing place emphasis on $200k-400k loans with 210 originations, totaling $63,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 103 $43,355,000 $420,922 $8,260 4.97%
    $50k-75k 92 $26,920,000 $292,609 $8,051 4.10%
    $75k-100k 92 $32,780,000 $356,304 $7,263 4.90%
    $150k-250k 61 $31,815,000 $521,557 $7,708 4.64%
    $250k+ 41 $22,125,000 $539,634 $7,845 5.23%
    $50k or less 39 $8,985,000 $230,385 $6,800 3.42%

    Belem Servicing lent most frequently to those with incomes in the $100k-150k range, with 103 originations. The second most popular income band? $50k-75k, with 92 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 57 $23,185,000 $406,754 $7,685 4.58%
    20-30% 38 $15,020,000 $395,263 $6,843 4.55%
    50-60% 38 $13,490,000 $355,000 $12,705 3.95%
    49% 29 $12,075,000 $416,379 $7,837 4.95%
    41% 25 $10,575,000 $423,000 $8,461 4.23%
    44% 25 $10,095,000 $403,800 $8,668 4.82%
    45% 25 $9,555,000 $382,200 $7,023 4.88%
    40% 22 $9,180,000 $417,273 $6,620 4.93%
    38% 20 $6,740,000 $337,000 $8,064 4.87%
    43% 18 $6,620,000 $367,778 $6,049 4.98%
    47% 17 $7,415,000 $436,176 $8,450 4.84%
    37% 17 $6,165,000 $362,647 $6,018 4.48%
    <20% 16 $6,080,000 $380,000 $5,877 4.52%
    46% 16 $5,900,000 $368,750 $6,423 4.52%
    42% 15 $4,785,000 $319,000 $5,447 4.72%
    48% 14 $5,120,000 $365,714 $7,795 4.87%
    39% 14 $6,240,000 $445,714 $7,282 4.53%
    36% 13 $4,595,000 $353,462 $6,333 4.90%
    >60% 6 $3,500,000 $583,333 $10,248 4.06%

    Belem Servicing lent most frequently to those with DTI ratios of 30-36%, with 57 originations. The next most common DTI ratio? 20-30%, with 38 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 391 $151,405,000 $387,225 $7,420 4.64%
    Black 21 $7,415,000 $353,095 $12,724 3.64%
    Not provided 7 $3,145,000 $449,286 $8,602 5.30%
    American Indian 6 $2,840,000 $473,333 $9,742 5.20%
    Asian 3 $1,525,000 $508,333 $9,114 4.13%
    Native Hawaiian or Islander 2 $1,000,000 $500,000 $6,699 4.25%

    Approval Rates

    Total approvals of all applications
    98.24%

    Belem Servicing 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
    51.63%

    Belem Servicing 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 430 $167,330,000 $389,140

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    430 $167,330,000 $389,140

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $3,915,000 $230,294 $4,795 4.34%
    40-60% 59 $20,205,000 $342,458 $6,481 4.55%
    60-80% 169 $69,455,000 $410,976 $8,166 4.56%
    80-100% 173 $72,075,000 $416,618 $8,200 4.58%
    Over 100% 4 $1,380,000 $345,000 $15,164 5.22%
    Under 20% 8 $300,000 $37,500 $864 6.59%