Beehive Mortgage Rates, Fees & Info

Rexburg, ID

LEI: 549300ZUF2EI6H23YK94

Tax ID: 82-0277291

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

2021 Data | 2020 Data | 2019 Data | 2018 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

655

Origination Dollar Volume (All Markets)

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

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 applications
94.39%

Beehive has an average approval rate.

Pick Rate

Approvals leading to origination
95.12%

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%