Beehive Mortgage Rates, Fees & Info

Rexburg, ID

LEI: 549300ZUF2EI6H23YK94

Tax ID: 82-0277291

5 stars - out of 5 stars, based on 26 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Beehive is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. Beehive has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Rexburg, Idaho Falls, Boise City, Jackson, and Blackfoot among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Beehive has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Beehive 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 6.59% 1/29/23
    30 Year Conventional Refi 6.26% 1/29/23
    30 Year Cash-out Refi 6.38% 1/29/23
    30 Year FHA Purchase 6.27% 1/29/23
    30 Year USDA Purchase 6.54% 1/29/23
    15 Year Conventional Purchase 6.39% 1/29/23
    15 Year Conventional Refi 5.84% 1/29/23
    15 Year Cash-out Refi 5.84% 1/29/23
    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.


    Originations

    655

    Origination Dollar Volume (All Markets)

    $136,995,000
    Show all (7) awards

    Relative Rate

    Beehive's average 30 year fixed mortgage rate was 2.84%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.31%.

    Relative Fees (Closing Costs)

    Beehive's average total fees/closing costs for a 30 year fixed rate mortgage were $4,565.

    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
    Rexburg, ID (FHA|USDA|VA) 282 $58,250,000 $206,560 $3,761 2.71%
    IDAHO FALLS, ID (FHA|USDA|VA) 256 $54,340,000 $212,266 $3,803 2.67%
    BOISE CITY, ID (FHA|USDA|VA) 23 $5,705,000 $248,043 $4,498 2.81%
    Jackson, WY-ID (FHA|USDA|VA) 14 $4,520,000 $322,857 $4,312 2.84%
    Blackfoot, ID (FHA|USDA|VA) 20 $4,160,000 $208,000 $3,768 2.79%
    Outside of Metro Areas 31 $3,485,000 $112,419 $2,389 3.91%
    POCATELLO, ID (FHA|USDA|VA) 9 $1,385,000 $153,889 $3,363 2.52%
    LOGAN, UT-ID (FHA|USDA|VA) 5 $1,205,000 $241,000 $4,433 2.85%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 3 $765,000 $255,000 $2,856 2.47%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $505,000 $505,000 $7,327 3.00%
    SALT LAKE CITY, UT (FHA|USDA|VA) 2 $490,000 $245,000 $3,615 2.44%
    Heber, UT (FHA|USDA|VA) 1 $455,000 $455,000 $5,849 2.88%
    PROVO-OREM, UT (FHA|USDA|VA) 2 $450,000 $225,000 $4,212 2.56%
    Outside of Metro Areas 1 $365,000 $365,000 $4,850 2.88%
    TWIN FALLS, ID (FHA|USDA|VA) 2 $280,000 $140,000 $4,707 2.44%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $275,000 $275,000 $4,225 2.88%
    Burley, ID (FHA|USDA|VA) 1 $205,000 $205,000 $4,819 3.13%
    Bozeman, MT (FHA|USDA|VA) 1 $155,000 $155,000 $3,736 8.75%
    Beehive's top markets include Rexburg, Idaho Falls, Boise City, Jackson, and Blackfoot among others.

    Their top states include:
  • Idaho (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Similar Lenders

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

    ADVANTAGE PLUS
    Similarity Rank: 588
    CONNECTIONS
    Similarity Rank: 750
    EAST IDAHO Credit Union
    Similarity Rank: 854
    PIONEER
    Similarity Rank: 999
    IDAHO STATE UNIVERSITY
    Similarity Rank: 1638
    BEEHIVE
    Similarity Rank: 1674
    SAMMAMISH MORTGAGE COMPANY
    Similarity Rank: 2405
    First Western Trust Bank
    Similarity Rank: 2436
    BKCO MORTGAGE, LLC
    Similarity Rank: 2600

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 646 $135,000,000 $208,978 $3,706 2.77%
    USDA 9 $1,995,000 $221,667 $7,795 2.65%

    For 2021, Beehive's most frequently originated type of loan was Conventional, with 646 originations. Their 2nd most popular type was USDA, with 9 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 258 $56,160,000 $217,674 $3,628 2.70%
    Refi 174 $33,360,000 $191,724 $3,316 2.49%
    Home Purchase 154 $31,670,000 $205,649 $4,391 3.20%
    Other 66 $15,190,000 $230,152 $3,994 2.77%
    Home Improvement 3 $615,000 $205,000 $3,839 2.75%

    For 2021, Beehive's most frequently cited loan purpose was Cash Out Refi, with 258 originations. The 2nd most popular reason was Refi, with 174 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 316 $81,310,000 $257,310 $4,565 2.84%
    15 Year 252 $40,450,000 $160,516 $3,062 2.63%
    20 Year 64 $13,150,000 $205,469 $3,402 2.88%
    10 Year 10 $780,000 $78,000 $1,053 3.22%
    Other 8 $1,090,000 $136,250 $2,247 2.73%
    5 Year 5 $215,000 $43,000 $734 2.85%

    For 2021, Beehive's most frequently cited loan duration was 30 Year, with 316 originations. The 2nd most popular length was 15 Year, with 252 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 212 $33,560,000 $158,302
    $<1k 205 $34,135,000 $166,512
    $2k-3k 188 $51,040,000 $271,489
    $3k-4k 38 $13,690,000 $360,263
    $4k-5k 7 $2,535,000 $362,143
    $5k+ 5 $2,035,000 $407,000

    Beehive's average total fees were $4,565, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 212 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 272 $54,580,000 $200,662
    2.5-3% 243 $58,865,000 $242,243
    3-4% 102 $20,240,000 $198,431
    4-5% 34 $2,610,000 $76,765
    5-6% 3 $545,000 $181,667
    Over 8% 1 $155,000 $155,000

    During 2021, Beehive's average interest rate for loans was 2.84%, while their most frequently originated rate bucket for loans was <2.5%, with 272 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 279 $75,575,000 $270,878 $4,638 2.71%
    $100k-200k 240 $36,140,000 $150,583 $3,236 2.59%
    $100,000 or less 95 $6,335,000 $66,684 $1,654 3.40%
    $400k-600k 41 $18,945,000 $462,073 $5,773 2.76%

    2021 saw Beehive place emphasis on $200k-400k loans with 279 originations, totaling $75,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 169 $39,985,000 $236,598 $3,904 2.76%
    $75k-100k 158 $34,480,000 $218,228 $3,943 2.71%
    $50k-75k 153 $28,965,000 $189,314 $3,774 2.82%
    $50k or less 94 $12,780,000 $135,957 $2,941 2.76%
    $150k-250k 69 $17,485,000 $253,406 $4,032 2.84%
    $250k+ 10 $2,840,000 $284,000 $4,356 2.85%

    Beehive lent most frequently to those with incomes in the $100k-150k range, with 169 originations. The second most popular income band? $75k-100k, with 158 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 215 $43,465,000 $202,163 $3,884 2.73%
    <20% 133 $22,485,000 $169,060 $3,268 2.78%
    30-36% 114 $26,180,000 $229,649 $4,082 2.75%
    42% 21 $5,655,000 $269,286 $4,440 2.78%
    41% 18 $3,430,000 $190,556 $2,697 2.90%
    39% 18 $4,640,000 $257,778 $4,375 2.80%
    40% 16 $3,140,000 $196,250 $3,069 2.88%
    37% 15 $3,365,000 $224,333 $4,184 2.73%
    36% 15 $2,945,000 $196,333 $3,607 2.84%
    44% 15 $3,715,000 $247,667 $4,375 2.67%
    46% 15 $3,305,000 $220,333 $3,571 3.18%
    43% 14 $4,170,000 $297,857 $4,718 2.73%
    45% 10 $2,770,000 $277,000 $4,303 2.62%
    50-60% 10 $2,000,000 $200,000 $2,212 2.81%
    38% 9 $1,905,000 $211,667 $4,083 2.68%
    49% 6 $1,140,000 $190,000 $2,773 2.42%
    47% 5 $1,165,000 $233,000 $4,372 3.00%
    48% 5 $1,415,000 $283,000 $3,221 2.96%
    >60% 1 $105,000 $105,000 $1,126 3.25%

    Beehive lent most frequently to those with DTI ratios of 20-30%, with 215 originations. The next most common DTI ratio? <20%, with 133 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 591 $127,225,000 $215,271 $3,865 2.72%
    Not provided 52 $7,350,000 $141,346 $2,612 3.33%
    Native Hawaiian or Islander 4 $870,000 $217,500 $4,674 2.44%
    Asian 4 $800,000 $200,000 $3,138 2.97%
    American Indian 3 $495,000 $165,000 $2,863 2.58%
    Japanese 1 $255,000 $255,000 $4,302 2.38%

    Approval Rates

    Total approvals of all applications
    94.88%

    Beehive has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.71%

    Beehive has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 655 $136,995,000 $209,153

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    655 $136,995,000 $209,153

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 106 $14,820,000 $139,811 $2,715 2.64%
    40-60% 205 $42,125,000 $205,488 $3,670 2.57%
    60-80% 227 $55,625,000 $245,044 $4,138 2.87%
    80-100% 93 $22,425,000 $241,129 $4,794 3.08%
    Under 20% 24 $2,000,000 $83,333 $1,625 2.85%