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 Refi and Cash Out Refi loans. Beeline Loans has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Washington, Dallas, Houston, and Providence among others. We have data for 43 markets. (Some data included below & more in-depth data is available with an active subscription.)Beeline Loans has an 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 a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/21/24 |
| 30 Year Conventional Purchase | 6.62% | 4/21/24 |
| 30 Year Conventional Refi | 6.17% | 4/21/24 |
| 30 Year Cash-out Refi | 6.50% | 4/21/24 |
| 15 Year Conventional Purchase | 5.84% | 4/21/24 |
| 15 Year Conventional Refi | 5.56% | 4/21/24 |
| 15 Year Cash-out Refi | 5.56% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
427Origination Dollar Volume (All Markets)
$121,165,000Awards
Beeline Loans - 2020
Beeline Loans is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 50 | $18,450,000 | $369,000 | $2,910 | 2.65% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 55 | $17,645,000 | $320,818 | $2,487 | 2.53% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 57 | $15,225,000 | $267,105 | $2,815 | 2.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 58 | $13,580,000 | $234,138 | $3,094 | 2.75% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 38 | $10,740,000 | $282,632 | $1,584 | 2.84% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 34 | $9,130,000 | $268,529 | $3,449 | 2.62% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 17 | $5,175,000 | $304,412 | $1,826 | 2.70% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 12 | $3,490,000 | $290,833 | $3,584 | 2.54% |
| RICHMOND, VA (FHA|USDA|VA) | 14 | $3,270,000 | $233,571 | $2,018 | 2.62% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 11 | $3,235,000 | $294,091 | $1,983 | 2.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 10 | $2,220,000 | $222,000 | $3,161 | 2.79% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 8 | $1,830,000 | $228,750 | $3,346 | 2.59% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 6 | $1,560,000 | $260,000 | $2,159 | 2.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,530,000 | $255,000 | $3,518 | 2.48% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 5 | $1,225,000 | $245,000 | $1,547 | 2.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $3,037 | 2.75% |
| ROANOKE, VA (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $2,521 | 2.59% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $2,252 | 2.88% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $4,472 | 2.56% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $5,508 | 2.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $3,199 | 2.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $6,847 | 2.50% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $2,291 | 2.44% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $2,302 | 2.50% |
| Outside of Metro Areas | 2 | $470,000 | $235,000 | $2,144 | 2.81% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $2,404 | 3.19% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,070 | 2.50% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,054 | 2.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $5,201 | 2.56% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,737 | 2.63% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,144 | 2.63% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,053 | 2.63% |
| Bay City, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,290 | 2.88% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,210 | 2.50% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,152 | 2.50% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,487 | 2.63% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,443 | 2.88% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,464 | 2.88% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,228 | 2.88% |
| WACO, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,353 | 2.75% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,866 | 2.50% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,330 | 2.88% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,877 | 2.75% |
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 | 427 | $121,165,000 | $283,759 | $2,724 | 2.68% |
For 2020, Beeline Loans's most frequently originated type of loan was Conventional, with 427 originations.
Loan Reason
For 2020, Beeline Loans's most frequently cited loan purpose was Refi, with 296 originations. The 2nd most popular reason was Cash Out Refi, with 89 originations.
Loan Duration/Length
For 2020, Beeline Loans's most frequently cited loan duration was 30 Year, with 306 originations. The 2nd most popular length was 15 Year, with 78 originations.
Origination Fees/Closing Costs
Beeline Loans's average total fees were $2,862, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 335 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 227 | $63,505,000 | $279,758 |
| <2.5% | 165 | $48,765,000 | $295,545 |
| 3-4% | 35 | $8,895,000 | $254,143 |
During 2020, Beeline Loans's average interest rate for loans was 2.75%, while their most frequently originated rate bucket for loans was 2.5-3%, with 227 originations.
Loan Sizing
2020 saw Beeline Loans place emphasis on $200k-400k loans with 283 originations, totaling $79,745,000 in origination value.
Applicant Income
Beeline Loans lent most frequently to those with incomes in the $100k-150k range, with 145 originations. The second most popular income band? $150k-250k, with 123 originations.
Applicant Debt to Income Ratio
Beeline Loans lent most frequently to those with DTI ratios of 20-30%, with 24 originations. The next most common DTI ratio? <20%, with 18 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.67%
Beeline Loans has a below average approval rate.
Pick Rate
Approvals leading to origination77.05%
Beeline Loans has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 427 | $121,165,000 | $283,759 |