Beeline Loans Mortgage Rates, Fees & Info
PROVIDENCE, RILEI: 984500F03B9034CQB904
Tax ID: 83-2178626
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/24/24 |
| 30 Year Conventional Purchase | 6.62% | 4/24/24 |
| 30 Year Conventional Refi | 6.17% | 4/24/24 |
| 30 Year Cash-out Refi | 6.50% | 4/24/24 |
| 15 Year Conventional Purchase | 5.84% | 4/24/24 |
| 15 Year Conventional Refi | 5.56% | 4/24/24 |
| 15 Year Cash-out Refi | 5.56% | 4/24/24 |
| 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
239Origination Dollar Volume (All Markets)
$54,325,000Relative 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% |
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
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
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
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
2023 saw Beeline Loans place emphasis on $100k-200k loans with 106 originations, totaling $15,620,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications65.14%
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 |