Beehive Mortgage Rates, Fees & Info
Rexburg, IDLEI: 549300ZUF2EI6H23YK94
Tax ID: 82-0277291
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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 include Rexburg, Idaho Falls, Boise City, Jackson, and Blackfoot among others. Beehive has an above average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors. Beehive is typically an average fee lendor.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 rate mortgage of loans were
2.84%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.31%.
Relative Fees
Beehive's average total fees for a 30 year fixed rate
mortgage are $4,565.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| 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.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 646 | $135,000,000 | $208,978 | $3,706 | 2.77% |
| USDA | 9 | $1,995,000 | $221,667 | $7,795 | 2.65% |
For the 2021 period, Beehive's most frequently originated loan type of loans were Conventional, with 646 originations. Their 2nd most popular type is USDA, with 9 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021, Beehive's most frequently cited loan purpose of loans were Cash Out Refi, with 258 originations. The 2nd most popular reason of loans were 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 the 2021, Beehive's most frequently cited loan length of loans were 30 Year, with 316 originations. The 2nd most popular length of loans were 15 Year, with 252 originations.
Origination Fees
| Origination Fee | 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 | 45 | $16,225,000 | $360,556 |
| $5k+ | 5 | $2,035,000 | $407,000 |
$4,565 of loans were Beehive's average total fees, while their most frequently occuring range of origination fees 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 of loans were 2.84%, while their most frequently originated rate bucket of loans were <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 | 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 applications94.39%
Beehive has an average approval rate.
Pick Rate
Approvals leading to origination95.12%
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% |
