Belem Servicing Mortgage Rates, Fees & Info

SAINT GEORGE, UT

LEI: 549300OHLAHJ10DFF198

Tax ID: 26-1747501

3.7 stars - Updated: 6/17/24 - out of 5 stars, based on 20 reviews

Latest/2023 | 2022 Data | 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 loans. Belem Servicing has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: St. George, Idaho Falls, Miami, Cape Coral, and Cedar City among others. We have data for 50 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 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.

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% 6/17/24
30 Year Conventional Refi 6.74% 6/17/24
30 Year Cash-out Refi 6.89% 6/17/24
30 Year FHA Purchase 7.63% 6/17/24
30 Year FHA Refi 7.09% 6/17/24
30 Year VA Purchase 6.45% 6/17/24
30 Year VA Refi 6.08% 6/17/24
15 Year Conventional Purchase 6.72% 6/17/24
15 Year Conventional Refi 7.06% 6/17/24
15 Year Cash-out Refi 7.06% 6/17/24
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.

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

392

Origination Dollar Volume (All Markets)

$136,840,000

Awards

BELEM SERVICING FHA Loans gold
Show all (1) awards

Relative Rate

Belem Servicing's average 30 year fixed mortgage rate was 6.69%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.21%.

Relative Fees (Closing Costs)

Belem Servicing's average total fees/closing costs for a 30 year fixed rate mortgage were $9,735.

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 $9,089.

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) 132 $54,070,000 $409,621 $7,625 6.72%
IDAHO FALLS, ID (FHA|USDA|VA) 80 $20,760,000 $259,500 $8,031 6.94%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 38 $16,840,000 $443,158 $13,117 6.73%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 13 $3,775,000 $290,385 $13,453 6.62%
Cedar City, UT (FHA|USDA|VA) 12 $3,430,000 $285,833 $8,038 6.94%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 9 $2,985,000 $331,667 $8,378 7.46%
Outside of Metro Areas 11 $2,895,000 $263,182 $8,175 6.92%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 7 $2,825,000 $403,571 $9,077 6.64%
Blackfoot, ID (FHA|USDA|VA) 7 $2,725,000 $389,286 $10,368 6.43%
RENO, NV (FHA|USDA|VA) 6 $2,000,000 $333,333 $13,711 6.63%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 7 $1,825,000 $260,714 $8,767 6.39%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 4 $1,770,000 $442,500 $13,705 7.22%
PROVO-OREM, UT (FHA|USDA|VA) 4 $1,700,000 $425,000 $14,006 7.09%
EL PASO, TX (FHA|USDA|VA) 6 $1,540,000 $256,667 $5,280 6.60%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $1,255,000 $418,333 $7,385 6.29%
SALT LAKE CITY, UT (FHA|USDA|VA) 3 $1,155,000 $385,000 $14,829 7.04%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 5 $1,075,000 $215,000 $9,392 7.47%
Key West, FL (FHA|USDA|VA) 1 $885,000 $885,000 $42,022 6.99%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $885,000 $885,000 $19,506 5.25%
BOISE CITY, ID (FHA|USDA|VA) 2 $800,000 $400,000 $16,004 6.25%
Outside of Metro Areas 2 $770,000 $385,000 $11,484 6.19%
POCATELLO, ID (FHA|USDA|VA) 4 $750,000 $187,500 $6,329 7.31%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $730,000 $365,000 $9,861 7.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $725,000 $725,000 $14,457 6.13%
MIDLAND, TX (FHA|USDA|VA) 2 $720,000 $360,000 $14,202 6.50%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 3 $625,000 $208,333 $5,525 6.87%
Jackson, WY-ID (FHA|USDA|VA) 2 $600,000 $300,000 $7,803 8.75%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $585,000 $585,000 $20,391 5.75%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $545,000 $545,000 $13,628 5.13%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $535,000 $535,000 $8,738 6.50%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $445,000 $445,000 $8,902 7.63%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $435,000 $435,000 $16,821 6.62%
LOGAN, UT-ID (FHA|USDA|VA) 2 $400,000 $200,000 $8,613 7.56%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $395,000 $395,000 $10,578 6.99%
SAVANNAH, GA (FHA|USDA|VA) 1 $385,000 $385,000 $11,898 5.38%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $355,000 $355,000 $8,237 5.38%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $345,000 $345,000 $1,955 7.13%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $255,000 $255,000 $16,106 6.63%
LINCOLN, NE (FHA|USDA|VA) 1 $245,000 $245,000 $3,096 6.75%
Roseburg, OR (FHA|USDA|VA) 1 $225,000 $225,000 $15,041 6.63%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $205,000 $205,000 $4,426 6.25%
GAINESVILLE, FL (FHA|USDA|VA) 1 $205,000 $205,000 $9,697 7.13%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $195,000 $195,000 $8,206 6.63%
OCALA, FL (FHA|USDA|VA) 1 $155,000 $155,000 $4,943 7.13%
Rexburg, ID (FHA|USDA|VA) 1 $155,000 $155,000 $5,594 6.13%
ODESSA, TX (FHA|USDA|VA) 1 $145,000 $145,000 $8,179 7.13%
Pahrump, NV (FHA|USDA|VA) 1 $145,000 $145,000 $7,609 7.13%
Stillwater, OK (FHA|USDA|VA) 1 $145,000 $145,000 $6,284 6.25%
Roswell, NM (FHA|USDA|VA) 2 $130,000 $65,000 $4,703 7.50%
KOKOMO, IN (FHA|USDA|VA) 1 $95,000 $95,000 $4,130 5.75%
Belem Servicing's top markets include St. George, Idaho Falls, Miami, Cape Coral, and Cedar City among others.

Their top states include:
  • Utah (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Nevada (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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 293 $99,705,000 $340,290 $7,374 6.85%
    FHA 81 $29,335,000 $362,160 $15,549 6.72%
    VA 16 $7,190,000 $449,375 $8,750 6.23%
    USDA 2 $610,000 $305,000 $8,735 6.31%

    For 2023, Belem Servicing's most frequently originated type of loan was Conventional, with 293 originations. Their 2nd most popular type was FHA, with 81 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 352 $122,520,000 $348,068 $9,078 6.81%
    Refi 24 $9,940,000 $414,167 $10,621 6.56%
    Cash Out Refi 16 $4,380,000 $273,750 $8,049 6.98%

    For 2023, Belem Servicing's most frequently cited loan purpose was Home Purchase, with 352 originations. The 2nd most popular reason was Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 363 $133,165,000 $366,846 $9,735 6.69%
    15 Year 24 $1,890,000 $78,750 $870 7.95%
    10 Year 3 $35,000 $11,667 $180 9.50%
    1 Year 1 $1,495,000 $1,495,000 $0 10.32%
    Other 1 $255,000 $255,000 $14,790 6.75%

    For 2023, Belem Servicing's most frequently cited loan duration was 30 Year, with 363 originations. The 2nd most popular length was 15 Year, with 24 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 172 $72,470,000 $421,337
    $1k-2k 88 $30,280,000 $344,091
    $4k-5k 45 $15,315,000 $340,333
    $<1k 34 $4,220,000 $124,118
    $2k-3k 30 $7,720,000 $257,333
    $3k-4k 23 $6,835,000 $297,174

    Belem Servicing's average total fees were $9,735, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 172 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 193 $70,515,000 $365,363
    7-8% 120 $42,080,000 $350,667
    5-6% 57 $20,095,000 $352,544
    Over 8% 16 $2,120,000 $132,500
    4-5% 5 $1,575,000 $315,000

    During 2023, Belem Servicing's average interest rate for loans was 6.69%, while their most frequently originated rate bucket for loans was 6-7%, with 193 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 200 $61,360,000 $306,800 $9,027 6.63%
    $400k-600k 100 $47,810,000 $478,100 $11,667 6.81%
    $100,000 or less 32 $1,060,000 $33,125 $1,136 8.12%
    $100k-200k 30 $4,940,000 $164,667 $5,157 6.51%
    $600k-1MM 29 $20,175,000 $695,690 $14,034 6.61%
    $1MM+ 1 $1,495,000 $1,495,000 $0 10.32%

    2023 saw Belem Servicing place emphasis on $200k-400k loans with 200 originations, totaling $61,360,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 113 $43,015,000 $380,664 $9,432 6.83%
    $75k-100k 79 $22,095,000 $279,684 $9,022 6.77%
    $150k-250k 78 $33,170,000 $425,256 $9,918 7.00%
    $50k-75k 59 $15,075,000 $255,508 $8,190 6.60%
    $250k+ 36 $16,850,000 $468,056 $10,178 7.06%
    $50k or less 24 $5,510,000 $229,583 $6,960 6.21%

    Belem Servicing lent most frequently to those with incomes in the $100k-150k range, with 113 originations. The second most popular income band? $75k-100k, with 79 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 52 $19,060,000 $366,538 $12,725 6.99%
    30-36% 43 $13,445,000 $312,674 $7,451 6.89%
    20-30% 37 $13,095,000 $353,919 $7,995 6.66%
    49% 32 $13,020,000 $406,875 $10,521 6.69%
    48% 23 $5,615,000 $244,130 $7,287 7.14%
    46% 22 $6,140,000 $279,091 $8,816 6.70%
    42% 20 $7,820,000 $391,000 $10,362 6.54%
    45% 19 $8,365,000 $440,263 $10,817 7.00%
    44% 19 $7,225,000 $380,263 $7,998 6.80%
    38% 18 $5,380,000 $298,889 $7,281 6.83%
    43% 17 $6,275,000 $369,118 $6,775 6.82%
    47% 17 $6,555,000 $385,588 $10,713 6.84%
    39% 15 $5,445,000 $363,000 $9,550 6.47%
    37% 14 $4,830,000 $345,000 $7,895 6.95%
    40% 13 $3,905,000 $300,385 $7,036 6.88%
    41% 10 $2,550,000 $255,000 $7,964 6.36%
    36% 10 $3,320,000 $332,000 $9,220 7.07%
    <20% 6 $2,110,000 $351,667 $5,198 6.79%

    Belem Servicing lent most frequently to those with DTI ratios of 50-60%, with 52 originations. The next most common DTI ratio? 30-36%, with 43 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 345 $120,065,000 $348,014 $9,053 6.80%
    Not provided 27 $9,985,000 $369,815 $9,039 6.66%
    Black 10 $3,240,000 $324,000 $13,038 7.04%
    Asian 4 $1,090,000 $272,500 $8,164 6.44%
    Other Asian 1 $615,000 $615,000 $4,327 7.13%
    Asian Indian 1 $485,000 $485,000 $4,300 7.62%
    Samoan 1 $465,000 $465,000 $15,746 7.00%
    Other Pacific Islander 1 $415,000 $415,000 $7,199 7.50%
    Native Hawaiian or Islander 1 $295,000 $295,000 $13,559 5.99%
    Chinese 1 $185,000 $185,000 $3,524 6.75%

    Approval Rates

    Total approvals of all applications
    98.47%

    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
    56.89%

    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 392 $136,840,000 $349,082

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    392 $136,840,000 $349,082

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $3,765,000 $198,158 $4,699 6.53%
    40-60% 35 $10,335,000 $295,286 $7,377 6.61%
    60-80% 82 $32,050,000 $390,854 $8,379 6.77%
    80-100% 225 $88,385,000 $392,822 $10,984 6.69%
    Over 100% 5 $1,695,000 $339,000 $12,412 6.38%
    Under 20% 26 $610,000 $23,462 $505 8.31%