Beehive Mortgage Rates, Fees & Info

Rexburg, ID

LEI: 549300ZUF2EI6H23YK94

Tax ID: 82-0277291

5 stars - Updated: 9/18/23 - out of 5 stars, based on 20 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Beehive is a smaller mortgage company specializing in Cash Out 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: Idaho Falls, Rexburg, Boise City, Pocatello, and Jackson among others. We have data for 14 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
Home Equity Line of Credit (HELOC) 6.27% 9/18/23
30 Year Conventional Purchase 6.33% 9/18/23
30 Year Conventional Refi 6.15% 9/18/23
30 Year Cash-out Refi 6.66% 9/18/23
30 Year USDA Purchase 8.32% 9/18/23
15 Year Conventional Purchase 6.00% 9/18/23
15 Year Conventional Refi 5.90% 9/18/23
15 Year Cash-out Refi 5.90% 9/18/23
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.

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

400

Origination Dollar Volume (All Markets)

$81,260,000
Show all (7) awards

Relative Rate

Beehive's average 30 year fixed mortgage rate was 4.35%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.41%.

Relative Fees (Closing Costs)

Beehive's average total fees/closing costs for a 30 year fixed rate mortgage were $4,925.

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
IDAHO FALLS, ID (FHA|USDA|VA) 162 $33,580,000 $207,284 $4,205 4.72%
Rexburg, ID (FHA|USDA|VA) 172 $32,460,000 $188,721 $3,504 4.83%
BOISE CITY, ID (FHA|USDA|VA) 18 $4,220,000 $234,444 $5,279 4.67%
Outside of Metro Areas 14 $2,170,000 $155,000 $2,107 5.38%
POCATELLO, ID (FHA|USDA|VA) 7 $2,115,000 $302,143 $5,727 4.02%
Jackson, WY-ID (FHA|USDA|VA) 3 $1,395,000 $465,000 $7,171 4.79%
Blackfoot, ID (FHA|USDA|VA) 10 $1,370,000 $137,000 $2,389 4.61%
SALT LAKE CITY, UT (FHA|USDA|VA) 4 $1,310,000 $327,500 $4,308 3.75%
PROVO-OREM, UT (FHA|USDA|VA) 3 $1,305,000 $435,000 $11,145 4.21%
TWIN FALLS, ID (FHA|USDA|VA) 2 $480,000 $240,000 $4,858 4.44%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $365,000 $365,000 $5,661 5.50%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $210,000 $105,000 $2,950 3.69%
Burley, ID (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.50%
ST. GEORGE, UT (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.50%
Beehive's top markets include Idaho Falls, Rexburg, Boise City, Pocatello, and Jackson among others.

Their top states include:
  • Idaho (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Arizona (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: 273
    EAST IDAHO Credit Union
    Similarity Rank: 671
    CONNECTIONS
    Similarity Rank: 675
    IDAHO STATE UNIVERSITY
    Similarity Rank: 702
    DHA FINANCIAL, LLC
    Similarity Rank: 927
    PIONEER
    Similarity Rank: 1110
    BEEHIVE
    Similarity Rank: 1302
    First Western Trust Bank
    Similarity Rank: 1960
    SAMMAMISH MORTGAGE COMPANY
    Similarity Rank: 2275

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 280 $64,900,000 $231,786 $3,899 4.58%
    HELOC 118 $15,860,000 $134,407 n/a 5.21%
    USDA 2 $500,000 $250,000 $8,776 3.44%

    For 2022, Beehive's most frequently originated type of loan was Conventional, with 280 originations. Their 2nd most popular type was HELOC, with 118 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 141 $22,665,000 $160,745 $2,492 4.77%
    Home Purchase 114 $31,950,000 $280,263 $5,198 4.63%
    Other 84 $11,810,000 $140,595 $502 5.30%
    Refi 61 $14,835,000 $243,197 $4,202 4.24%

    For 2022, Beehive's most frequently cited loan purpose was Cash Out Refi, with 141 originations. The 2nd most popular reason was Home Purchase, with 114 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 158 $22,390,000 $141,709 $2,042 5.12%
    30 Year 128 $37,120,000 $290,000 $4,925 4.35%
    15 Year 77 $10,405,000 $135,130 $1,966 4.46%
    30+ year 19 $9,215,000 $485,000 $9,202 5.82%
    10 Year 10 $1,020,000 $102,000 $1,536 5.09%
    Other 6 $1,040,000 $173,333 $2,988 4.46%
    5 Year 2 $70,000 $35,000 $1,173 3.25%

    For 2022, Beehive's most frequently cited loan duration was 20 Year, with 158 originations. The 2nd most popular length was 30 Year, with 128 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 133 $23,495,000 $176,654
    $2k-3k 55 $15,475,000 $281,364
    $1k-2k 25 $4,895,000 $195,800
    $5k+ 19 $9,795,000 $515,526
    $3k-4k 17 $6,065,000 $356,765
    $4k-5k 6 $2,240,000 $373,333

    Beehive's average total fees were $4,925, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 133 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 120 $24,400,000 $203,333
    5-6% 88 $20,600,000 $234,091
    3-4% 81 $15,865,000 $195,864
    6-7% 54 $7,960,000 $147,407
    2.5-3% 33 $8,525,000 $258,333
    7-8% 11 $1,455,000 $132,273
    <2.5% 10 $2,080,000 $208,000
    Over 8% 3 $375,000 $125,000

    During 2022, Beehive's average interest rate for loans was 4.35%, while their most frequently originated rate bucket for loans was 4-5%, with 120 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 135 $37,745,000 $279,593 $4,834 4.56%
    $100,000 or less 113 $6,215,000 $55,000 $1,184 5.26%
    $100k-200k 109 $15,515,000 $142,339 $2,402 4.51%
    $400k-600k 33 $15,245,000 $461,970 $5,932 4.59%
    $600k-1MM 10 $6,540,000 $654,000 $11,638 5.13%

    2022 saw Beehive place emphasis on $200k-400k loans with 135 originations, totaling $37,745,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 107 $20,635,000 $192,850 $3,799 4.92%
    $75k-100k 84 $16,320,000 $194,286 $3,928 4.69%
    $50k-75k 77 $13,685,000 $177,727 $4,222 4.83%
    $150k-250k 62 $18,040,000 $290,968 $5,527 4.87%
    $50k or less 37 $4,485,000 $121,216 $2,554 4.41%
    $250k+ 14 $4,110,000 $293,571 $4,099 4.83%

    Beehive lent most frequently to those with incomes in the $100k-150k range, with 107 originations. The second most popular income band? $75k-100k, with 84 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 85 $17,045,000 $200,529 $3,455 4.47%
    30-36% 69 $15,635,000 $226,594 $4,199 4.68%
    <20% 60 $7,100,000 $118,333 $2,428 4.59%
    44% 24 $5,390,000 $224,583 $4,770 5.13%
    41% 20 $4,010,000 $200,500 $3,659 4.81%
    40% 15 $2,575,000 $171,667 $3,854 5.13%
    45% 14 $2,080,000 $148,571 $3,420 4.15%
    43% 13 $3,215,000 $247,308 $4,435 4.59%
    48% 13 $3,005,000 $231,154 $4,443 5.32%
    37% 13 $3,635,000 $279,615 $6,770 4.71%
    38% 12 $2,660,000 $221,667 $4,198 4.63%
    42% 10 $1,810,000 $181,000 $3,565 4.33%
    39% 10 $2,230,000 $223,000 $5,072 5.81%
    36% 9 $2,285,000 $253,889 $5,100 5.18%
    50-60% 9 $2,615,000 $290,556 $4,043 5.03%
    46% 8 $2,150,000 $268,750 $4,782 5.39%
    47% 8 $1,820,000 $227,500 $6,646 5.86%
    49% 7 $1,925,000 $275,000 $6,993 5.23%
    >60% 1 $75,000 $75,000 $371 5.50%

    Beehive lent most frequently to those with DTI ratios of 20-30%, with 85 originations. The next most common DTI ratio? 30-36%, with 69 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 370 $75,390,000 $203,757 $4,017 4.74%
    Not provided 22 $4,550,000 $206,818 $3,253 4.71%
    American Indian 4 $880,000 $220,000 $4,136 4.82%
    Asian 2 $300,000 $150,000 $3,137 7.44%
    Black 1 $75,000 $75,000 $721 6.88%
    Other Pacific Islander 1 $65,000 $65,000 $1,396 4.88%

    Approval Rates

    Total approvals of all applications
    94.21%

    Beehive has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.00%

    Beehive has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $295,000 $295,000
    NA 399 $80,965,000 $202,920

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    400 $81,260,000 $203,150

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 98 $15,560,000 $158,776 $2,398 4.91%
    40-60% 71 $19,235,000 $270,915 $4,527 4.09%
    60-80% 79 $24,105,000 $305,127 $4,816 4.68%
    80-100% 51 $15,735,000 $308,529 $5,407 4.84%
    Under 20% 101 $6,625,000 $65,594 $930 5.11%