What loan types does Beacon Credit Union offer?

Beacon Credit Union offers the following mortgage loan types: Conventional. Each product has its own pricing score and performance metrics.

Where does Beacon Credit Union offer mortgages?

Beacon Credit Union offers mortgages in 3 states: IN, MI, OH.

How competitive are Beacon Credit Union's mortgage rates?

Beacon Credit Union has an overall pricing score of 64.7/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Beacon Credit Union?

Beacon Credit Union is a Credit Union headquartered in WABASH, IN.

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Beacon Credit Union

Credit Union•Wabash, INHQ•Direct•Reviews near you on Google

Beacon Credit Union has 167 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Strong

4/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Acceptable

2/5

Conventional

Place

Sound

3/5

Regional · 1 mkts

Promptness

Not enough data

—/5

No quote responses measured yet

Summary

What They Do Well

Competitive pricing compared to the market
Lower than average lender fees

Explore another lender or local market

Report Card

Beacon Credit Union performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Strong

+25.7 bps above market avg

4/5

Pull Through

Closing strength

Sound

Top 60% of lenders

3/5

By Loan Product· Specialization by type

Conventional

167 loans · 0.26% above market

Acceptable

Bottom 40% of lenders

2/5

By Loan Purpose· Transaction purpose mix

Purchase

112 loans · 0.14% above market

Acceptable

Bottom 40% of lenders

2/5

Refinance

55 loans · 0.51% above market

Sound

Top 60% of lenders

3/5

By Location· Geographic coverage

Geographic Reach

Regional · 2 markets

Sound

Top 60% of lenders

3/5

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Acceptable	Strong	Acceptable	167	100.0%	+0.257%Above	$665Fees

Conventional

Overall

Sound

Product

Acceptable

Pricing

Strong

Pull Through

Acceptable

Volume167

Mix100.0%

Spread

+0.257%Above

Fees

$665Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Acceptable	Strong	Acceptable	112	67.1%	+0.136%Above	$657Fees
Refinance	Sound	Sound	Strong	Sound	55	32.9%	+0.508%Above	$682Fees

Purchase

Overall

Sound

Product

Acceptable

Pricing

Strong

Pull Through

Acceptable

Volume112

Mix67.1%

Spread

+0.136%Above

Fees

$657Fees

Refinance

Overall

Sound

Product

Sound

Pricing

Strong

Pull Through

Sound

Volume55

Mix32.9%

Spread

+0.508%Above

Fees

$682Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

167

Applications

245

Volume

$26 million

Pricing & Closing

Avg Rate Spread

+0.257%

vs. market APOR

Avg Net Fees

$665

Origination − Credits

Pullthrough Rate

68.2%

Applications → Closed

Typical Borrower

Avg Loan Amount

$161,587

Avg Borrower Income

$89,198

Avg Property Value

$247,275

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Sound

3/5

States with Loan Originations

3Full-year 2024 · HMDA

Loans originated

All statesNone

Midwest3

INMIOH

Top Metro Areas by Place Specialization Score

Fort Wayne, INMetro

Volume 14Mix 8.38% of portfolio

49/100

Sound

Top States by Place Specialization Score

IndianaState

Volume 165Mix 98.80% of portfolio

73/100

Strong

How We Rank Lenders

Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.

Our Point System (Max 50 Points)

10/ 50 pts

Pricing

How competitively a lender prices vs. the market benchmark (20%).

10/ 50 pts

Product

Performance on your specific loan type (20%).

10/ 50 pts

Pull Through

How reliably a lender closes the loans it starts (20%).

10/ 50 pts

Place

Depth of a lender's expertise in your local market (20%).

10/ 50 pts

Promptness

How quickly a lender answers real quote requests — blended in once they respond (20%).

Champion(80%+ = 40-50 points)

Superstar(60-79% = 30-39 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.