Beehive Mortgage Rates, Fees & Info
Rexburg, IDLEI: 549300ZUF2EI6H23YK94
Tax ID: 82-0277291
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Mortgage Data
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.
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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
655Origination Dollar Volume (All Markets)
$136,995,000Awards
BEEHIVE - 2021
BEEHIVE is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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% |
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.
Similarity Rank: 588
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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
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
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
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
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
2021 saw Beehive place emphasis on $200k-400k loans with 279 originations, totaling $75,575,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications94.88%
Beehive has an average approval rate.
Pick Rate
Approvals leading to origination97.71%
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 |