Belem Servicing Mortgage Rates, Fees & Info
SAINT GEORGE, UTLEI: 549300OHLAHJ10DFF198
Tax ID: 26-1747501
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Mortgage Data
Review & Overview
Belem Servicing is a smaller mortgage company specializing in Refi and Home Purchase loans. Belem Servicing has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: St. George, Phoenix, Ogden, Seattle, and Washington among others. We have data for 94 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.67% | 4/18/24 |
| 30 Year Conventional Refi | 6.74% | 4/18/24 |
| 30 Year Cash-out Refi | 6.89% | 4/18/24 |
| 30 Year FHA Purchase | 7.63% | 4/18/24 |
| 30 Year FHA Refi | 7.09% | 4/18/24 |
| 30 Year VA Purchase | 6.45% | 4/18/24 |
| 30 Year VA Refi | 6.08% | 4/18/24 |
| 15 Year Conventional Purchase | 6.72% | 4/18/24 |
| 15 Year Conventional Refi | 7.06% | 4/18/24 |
| 15 Year Cash-out Refi | 7.06% | 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. | ||
Belem Servicing Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
556Origination Dollar Volume (All Markets)
$161,690,000Awards
BELEM SERVICING - 2019
BELEM SERVICING is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 260 | $77,510,000 | $298,115 | $4,807 | 4.14% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 22 | $5,840,000 | $265,455 | $3,998 | 3.57% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 17 | $5,415,000 | $318,529 | $6,520 | 3.95% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 14 | $4,970,000 | $355,000 | $5,386 | 3.94% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 10 | $4,770,000 | $477,000 | $4,232 | 3.48% |
| Outside of Metro Areas | 20 | $4,230,000 | $211,500 | $3,976 | 3.94% |
| PROVO-OREM, UT (FHA|USDA|VA) | 13 | $3,995,000 | $307,308 | $4,515 | 4.03% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 9 | $3,105,000 | $345,000 | $3,544 | 3.65% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 12 | $2,760,000 | $230,000 | $5,544 | 3.83% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 9 | $2,585,000 | $287,222 | $3,126 | 3.92% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 8 | $2,440,000 | $305,000 | $5,043 | 4.30% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 7 | $2,255,000 | $322,143 | $6,847 | 3.98% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $2,170,000 | $361,667 | $8,111 | 3.50% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $2,115,000 | $423,000 | $6,687 | 3.83% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 6 | $2,010,000 | $335,000 | $4,395 | 3.56% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 7 | $1,965,000 | $280,714 | $2,954 | 3.54% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $1,510,000 | $251,667 | $5,684 | 3.63% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,185,000 | $395,000 | $9,732 | 3.83% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $4,384 | 3.88% |
| SALEM, OR (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $4,190 | 3.66% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $6,655 | 3.29% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $4,681 | 3.83% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $4,288 | 3.67% |
| FORT COLLINS, CO (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $4,387 | 3.54% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $5,004 | 3.50% |
| Heber, UT (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $15,362 | 3.94% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $3,608 | 3.25% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $8,800 | 3.88% |
| BELLINGHAM, WA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $2,169 | 3.31% |
| Cedar City, UT (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $2,364 | 4.15% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $11,251 | 3.81% |
| LOGAN, UT-ID (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $5,561 | 3.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $3,973 | 3.79% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $5,204 | 3.25% |
| Oak Harbor, WA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $2,765 | 4.19% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $13,001 | 3.50% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $14,173 | 4.13% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $2,673 | 3.25% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,438 | 3.50% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,296 | 4.19% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $3,296 | 3.58% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,075 | 3.38% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $6,383 | 4.46% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,833 | 4.13% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,118 | 3.56% |
| Centralia, WA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,117 | 3.81% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,578 | 3.63% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $6,930 | 3.50% |
| ROANOKE, VA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $7,229 | 3.87% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,385 | 3.75% |
| Alamogordo, NM (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,746 | 3.25% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,007 | 3.44% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,444 | 4.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,901 | 3.13% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,055 | 3.19% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $19,868 | 3.63% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,178 | 3.13% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $12,292 | 5.00% |
| AKRON, OH (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $1,007 | 3.44% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,248 | 4.13% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,864 | 3.50% |
| Evanston, WY (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,356 | 3.63% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,265 | 3.63% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,917 | 4.00% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,096 | 4.00% |
| Shelton, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,145 | 3.50% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,636 | 3.38% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,054 | 3.50% |
| Brookings, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,250 | 4.50% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,043 | 3.50% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,229 | 3.88% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,304 | 3.38% |
| MADERA, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,279 | 3.50% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,933 | 3.50% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,043 | 3.88% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,070 | 3.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,775 | 3.88% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,799 | 4.00% |
| MERCED, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,428 | 4.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,981 | 4.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,740 | 3.38% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,701 | 3.25% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,314 | 3.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,348 | 3.50% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,600 | 3.63% |
| LIMA, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,051 | 5.00% |
| Chillicothe, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,687 | 3.38% |
| Mountain Home, AR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,853 | 3.50% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.75% |
| Prineville, OR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,874 | 3.25% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,935 | 4.63% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,538 | 3.25% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,411 | 3.99% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,935 | 3.75% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 275 | $79,115,000 | $287,691 | $4,184 | 4.19% |
| VA | 272 | $80,300,000 | $295,221 | $5,549 | 3.69% |
| FHA | 9 | $2,275,000 | $252,778 | $6,676 | 3.81% |
For 2019, Belem Servicing's most frequently originated type of loan was Conventional, with 275 originations. Their 2nd most popular type was VA, with 272 originations.
Loan Reason
For 2019, Belem Servicing's most frequently cited loan purpose was Refi, with 289 originations. The 2nd most popular reason was Home Purchase, with 187 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 556 | $161,690,000 | $290,809 | $4,895 | 3.94% |
For 2019, Belem Servicing's most frequently cited loan duration was 30 Year, with 556 originations.
Origination Fees/Closing Costs
Belem Servicing's average total fees were $4,895, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 228 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 354 | $101,450,000 | $286,582 |
| 4-5% | 182 | $54,450,000 | $299,176 |
| 5-6% | 12 | $3,750,000 | $312,500 |
| 2.5-3% | 5 | $1,345,000 | $269,000 |
| 6-7% | 3 | $695,000 | $231,667 |
During 2019, Belem Servicing's average interest rate for loans was 3.94%, while their most frequently originated rate bucket for loans was 3-4%, with 354 originations.
Loan Sizing
2019 saw Belem Servicing place emphasis on $200k-400k loans with 371 originations, totaling $107,425,000 in origination value.
Applicant Income
Belem Servicing lent most frequently to those with incomes in the $50k or less range, with 218 originations. The second most popular income band? $50k-75k, with 120 originations.
Applicant Debt to Income Ratio
Belem Servicing lent most frequently to those with DTI ratios of 20-30%, with 20 originations. The next most common DTI ratio? 30-36%, with 18 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.54%
Belem Servicing has an average approval rate.
Pick Rate
Approvals leading to origination57.19%
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 | 556 | $161,690,000 | $290,809 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 3 | $845,000 | $281,667 |
| Single Family (1-4 Units):Site-Built | 553 | $160,845,000 | $290,859 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Belem Servicing LLC | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |