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Beeline Mortgage Rates Review


ConsumersAdvocate.org Rating: 4.6 / 5 (Excellent)
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Beeline is a mortgage provider based in Providence, Rhode Island. Founded in 2019, the company currently offers fixed- and adjustable-rate conventional mortgages and fixed-rate FHA loans to customers in six states and the District of Columbia.
 
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How Do We Rate Beeline?

Breakdown

5.0/5
Lender Types
4.5/5
Available Mortgage Types
5.0/5
Customer Experience
4.5/5
Reputation & Transparency

Our Overall Rating: 4.6 / 5 (Excellent)

Beeline has definite appeal for those who are planning to purchase a home soon and those looking to close on their mortgage quickly. Its application process is streamlined and simple and its qualification requirements are pretty flexible. It is a bit limited in terms of the types of loans it offers right now, but if you're in the market for a conventional or FHA loan, Beeline is worth a closer look.

Beeline Loan Specifics

Available Mortgage Types - 4.5 / 5

Beeline offers fixed- and adjustable-rate conventional mortgages as well as fixed-rate FHA loans. Its minimum loan amount is a little higher than you normally see at $135,000, but this should be fine for most people. Lender fees are low, but this is fairly common among online lenders because they don't have the high overhead costs of brick-and-mortar banks to worry about.

Types of Mortgage Loans Offered

  • FHA Fixed Rate

Minimum Loan Amount

$135,000

Beeline Customer Experience

Customer Experience - 5 / 5

Beeline is a great choice if you're interested in closing on your loan quickly. You can complete the application process online in as little as 15 minutes. It speeds up the process a lot by requesting your financial account logins and then automatically gathering the information it needs, rather than requiring you to track down each number individually. You can do this all in one sitting or break it up and complete the application whenever you have a few minutes. Once you settle on a loan that you're happy with, you can close in as little as 14 days, which is much faster than most traditional lenders.

Online Features

Online Application
Yes
Online Quote
Yes
Additional Tools and Resources
Videos
Check Today's Rates
SSN Required for Quote
Yes

Loan Closing Time

As little as 21 days

Decision and Closing Times

As little as 15 minutes

Beeline Qualification Requirements

Qualification Requirements - 5 / 5

Beeline's qualification requirements appear to be pretty minimal. As long as you have a credit score of at least 620 and you're able to put down about 3% of your home's cost, Beeline should be able to help you, so it may be worth getting a quote from the company to see what it can offer.

Key Requirements at a Glance

Minimum FICO Score
620
Minimum Down Payment
3% of purchase price

Beeline Lender Reputation

Reputation & Transparency - 4.5 / 5

Beeline hasn't been around for long, so it's not surprising that there's few reviews of its services. But those that do exist are almost entirely positive, and the company doesn't have any Nationwide Mortgage Regulatory Actions or Consumer Financial Protection Bureau complaints filed against it, so that suggests that most customers are happy with the services it provides.

Key Facts

Lender Type
Direct Lender
Year Founded
2019
BBB Rating
A
BBB Positive Reviews
6
BBB Negative Reviews
1
Trustpilot Rating
4.7 out of 5
Collection Date
2020-09-16

Complaints & Regulatory Actions

Nationwide Mortgage Licensing System ID
1799947
The Nationwide Mortgage Regulatory Actions
0
Consumer Financial Protection Bureau Complaints
0

Company Profile

Full Name
Beeline Mortgage Rates
Company Website
https://makeabeeline.com/
Headquarters
188 Valley St., Ste. 225, Providence, RI, 02909

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