Beehive Mortgage Rates, Fees & Info

Rexburg, ID

LEI: 549300ZUF2EI6H23YK94

Tax ID: 82-0277291

5 stars - Updated: 6/9/24 - 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

Beehive is a smaller mortgage company specializing in Other, Home Purchase, and Refi 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, Blackfoot, Boise City, and Jackson among others. We have data for 16 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 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
Home Equity Line of Credit (HELOC) 6.27% 6/9/24
30 Year Conventional Purchase 6.33% 6/9/24
30 Year Conventional Refi 6.15% 6/9/24
30 Year Cash-out Refi 6.66% 6/9/24
30 Year USDA Purchase 8.32% 6/9/24
15 Year Conventional Purchase 6.00% 6/9/24
15 Year Conventional Refi 5.90% 6/9/24
15 Year Cash-out Refi 5.90% 6/9/24
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.

Beehive Mortgage Calculator






Your Estimates

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

This is not an official calculator from Beehive. 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

413

Origination Dollar Volume (All Markets)

$71,945,000

Awards

BEEHIVE 30 Year Conventional Loans gold BEEHIVE 30 Year Conventional Loans gold
Show all (2) awards

Relative Rate

Beehive's average 30 year fixed mortgage rate was 6.43%.

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

This yields a difference of -0.05%.

Relative Fees (Closing Costs)

Beehive's average total fees/closing costs for a 30 year fixed rate mortgage were $5,939.

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
Rexburg, ID (FHA|USDA|VA) 169 $30,885,000 $182,751 $5,911 7.68%
IDAHO FALLS, ID (FHA|USDA|VA) 185 $26,945,000 $145,649 $4,132 7.57%
Blackfoot, ID (FHA|USDA|VA) 15 $2,645,000 $176,333 $5,980 7.41%
BOISE CITY, ID (FHA|USDA|VA) 14 $2,570,000 $183,571 $10,042 7.52%
Jackson, WY-ID (FHA|USDA|VA) 3 $1,505,000 $501,667 $9,405 7.04%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 6 $1,260,000 $210,000 $4,447 7.02%
Outside of Metro Areas 5 $1,175,000 $235,000 $5,075 7.55%
SALT LAKE CITY, UT (FHA|USDA|VA) 3 $1,145,000 $381,667 $6,606 6.71%
PROVO-OREM, UT (FHA|USDA|VA) 3 $1,115,000 $371,667 $5,192 6.58%
POCATELLO, ID (FHA|USDA|VA) 3 $725,000 $241,667 $7,299 6.63%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $585,000 $585,000 $9,175 7.25%
ST. GEORGE, UT (FHA|USDA|VA) 1 $485,000 $485,000 $11,101 6.38%
BILLINGS, MT (FHA|USDA|VA) 1 $425,000 $425,000 $9,425 6.75%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $265,000 $265,000 $6,429 5.38%
TWIN FALLS, ID (FHA|USDA|VA) 1 $115,000 $115,000 $0 8.00%
LOGAN, UT-ID (FHA|USDA|VA) 2 $100,000 $50,000 $0 7.75%
Beehive's top markets include Rexburg, Idaho Falls, Blackfoot, Boise City, and Jackson among others.

Their top states include:
  • Idaho (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Montana (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.

    PIONEER
    Similarity Rank: 120
    BEEHIVE
    Similarity Rank: 176
    First Republic Bank
    Similarity Rank: 309
    EAST IDAHO Credit Union
    Similarity Rank: 374
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 528
    Shea Mortgage Inc.
    Similarity Rank: 1026
    First Western Trust Bank
    Similarity Rank: 1152
    WESTMARK Credit Union
    Similarity Rank: 1200

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 263 $29,595,000 $112,529 n/a 8.01%
    Conventional 148 $41,900,000 $283,108 $5,332 6.81%
    USDA 2 $450,000 $225,000 $8,207 5.63%

    For 2023, Beehive's most frequently originated type of loan was HELOC, with 263 originations. Their 2nd most popular type was Conventional, with 148 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 231 $25,995,000 $112,532 $250 7.97%
    Cash Out Refi 82 $12,110,000 $147,683 $2,644 7.59%
    Home Purchase 64 $18,460,000 $288,438 $6,501 6.47%
    Refi 35 $15,325,000 $437,857 $7,734 6.92%
    Home Improvement 1 $55,000 $55,000 $0 6.25%

    For 2023, Beehive's most frequently cited loan purpose was Other, with 231 originations. The 2nd most popular reason was Cash Out Refi, with 82 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 268 $30,630,000 $114,291 $2,692 7.98%
    30 Year 69 $20,525,000 $297,464 $5,939 6.43%
    15 Year 36 $3,350,000 $93,056 $1,573 6.99%
    30+ year 31 $16,785,000 $541,452 $9,899 6.99%
    10 Year 5 $445,000 $89,000 $594 7.39%
    5 Year 2 $90,000 $45,000 $1,279 7.19%
    Other 2 $120,000 $60,000 $801 12.44%

    For 2023, Beehive's most frequently cited loan duration was 20 Year, with 268 originations. The 2nd most popular length was 30 Year, with 69 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 58 $7,050,000 $121,552
    $5k+ 30 $17,330,000 $577,667
    $3k-4k 24 $6,990,000 $291,250
    $2k-3k 18 $4,760,000 $264,444
    $4k-5k 14 $5,130,000 $366,429
    $1k-2k 6 $1,090,000 $181,667

    Beehive's average total fees were $5,939, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 58 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 226 $31,610,000 $139,867
    6-7% 84 $23,020,000 $274,048
    Over 8% 70 $7,260,000 $103,714
    5-6% 31 $9,455,000 $305,000
    4-5% 2 $600,000 $300,000

    During 2023, Beehive's average interest rate for loans was 6.43%, while their most frequently originated rate bucket for loans was 7-8%, with 226 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 191 $10,315,000 $54,005 $855 7.98%
    $100k-200k 88 $11,740,000 $133,409 $2,496 7.60%
    $200k-400k 87 $23,365,000 $268,563 $6,142 7.00%
    $400k-600k 30 $14,370,000 $479,000 $8,430 6.94%
    $600k-1MM 16 $11,050,000 $690,625 $11,605 6.77%
    $1MM+ 1 $1,105,000 $1,105,000 $17,778 7.63%

    2023 saw Beehive place emphasis on $100,000 or less loans with 191 originations, totaling $10,315,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 135 $22,005,000 $163,000 $5,360 7.79%
    $75k-100k 83 $11,045,000 $133,072 $5,132 7.60%
    $150k-250k 72 $17,800,000 $247,222 $7,245 7.39%
    $50k-75k 53 $6,005,000 $113,302 $3,849 7.32%
    $250k+ 24 $8,440,000 $351,667 $6,963 7.43%
    $50k or less 21 $1,775,000 $84,524 $2,516 7.50%

    Beehive lent most frequently to those with incomes in the $100k-150k range, with 135 originations. The second most popular income band? $75k-100k, with 83 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 90 $15,310,000 $170,111 $5,093 7.60%
    30-36% 76 $13,350,000 $175,658 $5,895 7.51%
    <20% 51 $5,915,000 $115,980 $2,619 7.51%
    42% 25 $4,515,000 $180,600 $5,583 7.43%
    41% 17 $2,275,000 $133,824 $5,082 7.68%
    39% 17 $3,055,000 $179,706 $7,565 8.02%
    43% 16 $3,560,000 $222,500 $5,130 7.39%
    36% 16 $2,820,000 $176,250 $6,835 7.44%
    40% 15 $2,255,000 $150,333 $5,356 7.72%
    37% 14 $1,910,000 $136,429 $4,375 7.63%
    38% 12 $1,880,000 $156,667 $4,180 7.78%
    44% 11 $2,295,000 $208,636 $6,102 7.91%
    49% 11 $3,585,000 $325,909 $9,169 7.14%
    50-60% 10 $1,790,000 $179,000 $1,374 7.61%
    45% 10 $1,330,000 $133,000 $4,254 8.28%
    47% 8 $1,980,000 $247,500 $6,069 7.14%
    46% 7 $2,065,000 $295,000 $7,722 7.39%
    48% 6 $1,700,000 $283,333 $12,249 7.06%
    >60% 1 $355,000 $355,000 $4,441 5.75%

    Beehive lent most frequently to those with DTI ratios of 20-30%, with 90 originations. The next most common DTI ratio? 30-36%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 388 $68,580,000 $176,753 $5,427 7.57%
    Not provided 22 $2,900,000 $131,818 $4,862 7.59%
    American Indian 1 $225,000 $225,000 $0 8.00%
    Asian 1 $205,000 $205,000 $5,306 6.25%
    Other Asian 1 $35,000 $35,000 $656 7.88%

    Approval Rates

    Total approvals of all applications
    90.91%

    Beehive has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.07%

    Beehive has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 413 $71,945,000 $174,201

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    413 $71,945,000 $174,201

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 89 $12,555,000 $141,067 $2,321 7.61%
    40-60% 52 $13,850,000 $266,346 $5,741 7.36%
    60-80% 52 $23,190,000 $445,962 $7,997 6.96%
    80-100% 28 $10,270,000 $366,786 $7,845 6.43%
    Under 20% 192 $12,080,000 $62,917 $817 7.93%