Beeline Loans Mortgage Rates, Fees & Info

PROVIDENCE, RI

LEI: 984500F03B9034CQB904

Tax ID: 83-2178626

5 stars - Updated: 6/9/24 - out of 5 stars, based on 15 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Beeline Loans is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Beeline Loans has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Houston, Dallas, Atlanta, and Charlotte among others. We have data for 104 markets. (Some data included below & more in-depth data is available with an active subscription.)

Beeline Loans has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Beeline Loans 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 6.62% 6/9/24
30 Year Conventional Refi 6.17% 6/9/24
30 Year Cash-out Refi 6.50% 6/9/24
15 Year Conventional Purchase 5.84% 6/9/24
15 Year Conventional Refi 5.56% 6/9/24
15 Year Cash-out Refi 5.56% 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.

Beeline Loans Mortgage Calculator






Your Estimates

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

This is not an official calculator from Beeline Loans. 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

239

Origination Dollar Volume (All Markets)

$54,325,000

Relative Rate

Beeline Loans's average 30 year fixed mortgage rate was 7.27%.

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

This yields a difference of 0.79%.

Relative Fees (Closing Costs)

Beeline Loans's average total fees/closing costs for a 30 year fixed rate mortgage were $6,133.

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
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 13 $3,735,000 $287,308 $4,432 6.96%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 12 $3,260,000 $271,667 $5,820 7.25%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 15 $2,955,000 $197,000 $4,856 7.16%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 12 $2,840,000 $236,667 $7,393 7.25%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 8 $2,170,000 $271,250 $7,080 7.33%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $1,835,000 $367,000 $11,316 7.75%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $1,480,000 $370,000 $13,811 5.66%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 7 $1,455,000 $207,857 $5,332 6.89%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 6 $1,450,000 $241,667 $7,994 6.98%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $1,115,000 $371,667 $3,001 6.87%
Outside of Metro Areas 3 $1,035,000 $345,000 $9,679 7.00%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 3 $975,000 $325,000 $8,325 6.96%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $935,000 $311,667 $5,062 7.75%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $925,000 $308,333 $4,731 7.67%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $795,000 $265,000 $4,597 7.08%
WACO, TX (FHA|USDA|VA) 2 $780,000 $390,000 $9,120 7.62%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $765,000 $255,000 $5,763 6.13%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $755,000 $755,000 $4,607 5.88%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 4 $730,000 $182,500 $6,639 7.72%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $685,000 $228,333 $6,169 7.75%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $665,000 $221,667 $5,236 8.33%
SPRINGFIELD, MA (FHA|USDA|VA) 2 $660,000 $330,000 $10,028 7.31%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $655,000 $655,000 $13,918 7.13%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $635,000 $635,000 $9,172 6.50%
COLUMBUS, OH (FHA|USDA|VA) 3 $635,000 $211,667 $4,641 6.70%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $595,000 $595,000 $11,688 5.25%
OCALA, FL (FHA|USDA|VA) 1 $545,000 $545,000 $7,815 6.99%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 5 $535,000 $107,000 $5,069 7.08%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $515,000 $171,667 $0 9.79%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $510,000 $255,000 $5,624 6.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $505,000 $168,333 $4,867 8.04%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $505,000 $505,000 $0 7.88%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $505,000 $168,333 $4,476 7.00%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $475,000 $158,333 $4,843 6.00%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $475,000 $475,000 $0 9.63%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $455,000 $151,667 $7,521 7.29%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $455,000 $455,000 $7,095 6.63%
JACKSON, MS (FHA|USDA|VA) 2 $430,000 $215,000 $8,853 6.88%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $430,000 $215,000 $5,815 8.69%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $425,000 $425,000 $0 7.88%
Sevierville, TN (FHA|USDA|VA) 2 $420,000 $210,000 $0 8.75%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $410,000 $205,000 $7,819 7.94%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $410,000 $205,000 $8,994 7.50%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 3 $405,000 $135,000 $4,841 7.04%
READING, PA (FHA|USDA|VA) 3 $395,000 $131,667 $5,695 7.08%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $385,000 $385,000 $6,068 5.63%
PITTSBURGH, PA (FHA|USDA|VA) 3 $365,000 $121,667 $5,281 7.04%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $365,000 $365,000 $7,478 7.75%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $365,000 $365,000 $0 9.88%
WARNER ROBINS, GA (FHA|USDA|VA) 2 $360,000 $180,000 $0 7.50%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $335,000 $335,000 $0 9.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $330,000 $165,000 $5,247 6.31%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $315,000 $315,000 $6,122 5.99%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $300,000 $150,000 $3,486 7.25%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $295,000 $295,000 $4,714 6.38%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $275,000 $275,000 $0 8.75%
LAWRENCE, KS (FHA|USDA|VA) 1 $275,000 $275,000 $2,878 7.38%
RICHMOND, VA (FHA|USDA|VA) 2 $260,000 $130,000 $4,092 7.88%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $250,000 $125,000 $3,387 6.63%
TUCSON, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $7,823 6.62%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $245,000 $245,000 $3,978 4.99%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 8.63%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $235,000 $78,333 $6,071 7.50%
TOLEDO, OH (FHA|USDA|VA) 1 $225,000 $225,000 $0 9.00%
Stephenville, TX (FHA|USDA|VA) 1 $205,000 $205,000 $7,554 7.00%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.99%
PANAMA CITY, FL (FHA|USDA|VA) 1 $195,000 $195,000 $6,628 7.13%
Pottsville, PA (FHA|USDA|VA) 2 $180,000 $90,000 $0 8.25%
Gainesville, TX (FHA|USDA|VA) 1 $175,000 $175,000 $0 7.50%
WHEELING, WV-OH (FHA|USDA|VA) 2 $170,000 $85,000 $4,992 6.81%
Athens, TX (FHA|USDA|VA) 1 $165,000 $165,000 $8,094 5.88%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $165,000 $165,000 $4,485 6.25%
MUSKEGON, MI (FHA|USDA|VA) 1 $165,000 $165,000 $0 8.00%
ASHEVILLE, NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.25%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $155,000 $155,000 $3,643 7.13%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $155,000 $155,000 $4,768 6.88%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $155,000 $155,000 $6,110 6.88%
Ashtabula, OH (FHA|USDA|VA) 1 $155,000 $155,000 $0 9.63%
COLUMBIA, SC (FHA|USDA|VA) 2 $150,000 $75,000 $5,459 7.31%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $145,000 $145,000 $3,388 7.00%
GAINESVILLE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $2,910 7.13%
PEORIA, IL (FHA|USDA|VA) 2 $140,000 $70,000 $5,081 7.13%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $135,000 $135,000 $2,538 6.99%
Lake City, FL (FHA|USDA|VA) 1 $135,000 $135,000 $5,590 7.25%
AKRON, OH (FHA|USDA|VA) 1 $135,000 $135,000 $4,546 7.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $135,000 $135,000 $3,432 6.62%
PITTSFIELD, MA (FHA|USDA|VA) 1 $125,000 $125,000 $4,605 7.50%
Danville, KY (FHA|USDA|VA) 1 $125,000 $125,000 $4,142 6.50%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $125,000 $125,000 $2,885 5.99%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $125,000 $125,000 $5,503 7.63%
CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $115,000 $115,000 $0 10.25%
TULSA, OK (FHA|USDA|VA) 1 $115,000 $115,000 $5,258 6.50%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $115,000 $115,000 $5,793 8.13%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $115,000 $115,000 $0 8.88%
Zanesville, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.25%
LONGVIEW, TX (FHA|USDA|VA) 1 $105,000 $105,000 $4,720 6.50%
Cleveland, MS (FHA|USDA|VA) 1 $95,000 $95,000 $4,642 7.13%
LOUISVILLE, KY (FHA|USDA|VA) 1 $85,000 $85,000 $4,678 7.50%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.50%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $75,000 $75,000 $6,358 8.13%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $75,000 $75,000 $4,327 7.50%
MONTGOMERY, AL (FHA|USDA|VA) 1 $65,000 $65,000 $4,851 7.63%
Marion, IN (FHA|USDA|VA) 1 $55,000 $55,000 $3,709 7.50%
Beeline Loans's top markets include Washington, Houston, Dallas, Atlanta, and Charlotte among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Beeline Loans based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 239 $54,325,000 $227,301 $6,092 7.26%

    For 2023, Beeline Loans's most frequently originated type of loan was Conventional, with 239 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 115 $26,755,000 $232,652 $5,876 7.32%
    Home Purchase 100 $22,400,000 $224,000 $6,652 7.24%
    Refi 24 $5,170,000 $215,417 $4,757 7.08%

    For 2023, Beeline Loans's most frequently cited loan purpose was Cash Out Refi, with 115 originations. The 2nd most popular reason was Home Purchase, with 100 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 229 $52,265,000 $228,231 $6,133 7.27%
    15 Year 5 $915,000 $183,000 $4,761 6.55%
    20 Year 2 $390,000 $195,000 $5,248 6.63%
    30+ year 2 $590,000 $295,000 $0 9.25%
    10 Year 1 $165,000 $165,000 $6,582 6.50%

    For 2023, Beeline Loans's most frequently cited loan duration was 30 Year, with 229 originations. The 2nd most popular length was 15 Year, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 59 $15,035,000 $254,831
    $5k+ 34 $11,060,000 $325,294
    $3k-4k 33 $5,785,000 $175,303
    $2k-3k 29 $4,205,000 $145,000
    $4k-5k 10 $2,720,000 $272,000
    $<1k 2 $230,000 $115,000

    Beeline Loans's average total fees were $6,133, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 59 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 93 $18,325,000 $197,043
    6-7% 75 $17,805,000 $237,400
    Over 8% 44 $9,760,000 $221,818
    5-6% 26 $8,190,000 $315,000
    4-5% 1 $245,000 $245,000

    During 2023, Beeline Loans's average interest rate for loans was 7.27%, while their most frequently originated rate bucket for loans was 7-8%, with 93 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 106 $15,620,000 $147,358 $4,811 7.36%
    $200k-400k 80 $21,350,000 $266,875 $6,293 7.23%
    $400k-600k 24 $11,700,000 $487,500 $9,939 6.96%
    $100,000 or less 23 $1,765,000 $76,739 $5,158 7.36%
    $600k-1MM 6 $3,890,000 $648,333 $9,738 6.81%

    2023 saw Beeline Loans place emphasis on $100k-200k loans with 106 originations, totaling $15,620,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 64 $17,040,000 $266,250 $6,659 6.92%
    $100k-150k 52 $12,190,000 $234,423 $6,181 6.88%
    $50k or less 40 $7,600,000 $190,000 $3,752 8.21%
    $250k+ 26 $5,650,000 $217,308 $6,849 7.16%
    $75k-100k 21 $4,105,000 $195,476 $5,216 6.95%
    $50k-75k 15 $2,465,000 $164,333 $5,180 6.76%

    Beeline Loans lent most frequently to those with incomes in the $150k-250k range, with 64 originations. The second most popular income band? $100k-150k, with 52 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 15 $3,105,000 $207,000 $4,718 6.72%
    20-30% 9 $2,735,000 $303,889 $5,579 6.73%
    39% 8 $1,510,000 $188,750 $5,651 6.67%
    41% 7 $1,345,000 $192,143 $7,306 7.20%
    <20% 5 $855,000 $171,000 $4,348 7.47%
    44% 5 $1,575,000 $315,000 $5,721 6.45%
    45% 5 $1,335,000 $267,000 $6,331 6.73%
    40% 4 $590,000 $147,500 $6,226 7.06%
    43% 4 $510,000 $127,500 $4,705 7.15%
    47% 3 $465,000 $155,000 $5,957 6.87%
    42% 3 $1,075,000 $358,333 $5,714 6.62%
    48% 3 $595,000 $198,333 $4,633 6.79%
    49% 2 $600,000 $300,000 $7,435 6.75%
    36% 2 $430,000 $215,000 $5,313 6.75%
    46% 1 $135,000 $135,000 $5,901 5.88%
    38% 1 $395,000 $395,000 $13,529 6.63%
    37% 1 $755,000 $755,000 $4,607 5.88%

    Beeline Loans lent most frequently to those with DTI ratios of 30-36%, with 15 originations. The next most common DTI ratio? 20-30%, with 9 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 142 $33,750,000 $237,676 $6,208 7.28%
    Not provided 51 $12,555,000 $246,176 $5,869 7.19%
    Black 21 $3,725,000 $177,381 $6,256 7.32%
    American Indian 13 $2,525,000 $194,231 $6,251 7.46%
    Asian 11 $1,595,000 $145,000 $5,353 7.16%
    Native Hawaiian or Islander 1 $175,000 $175,000 $5,470 6.62%

    Approval Rates

    Total approvals of all applications
    65.14%

    Beeline Loans has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    -180.75%

    Beeline Loans has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 239 $54,325,000 $227,301

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    239 $54,325,000 $227,301

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $1,255,000 $179,286 $3,939 7.18%
    40-60% 23 $4,545,000 $197,609 $4,474 7.25%
    60-80% 80 $18,020,000 $225,250 $5,834 7.48%
    80-100% 21 $5,135,000 $244,524 $6,270 7.00%