Question 1

What credit score do I need to get approved?

Accepted Answer

The minimum credit score requirement depends on the type of loan you're applying for — some loan types, like FHA loans have a lower credit score requirement, sometimes as low as 580. Conventional loans required a minimum of 620.

The best way to find out for sure is take about 15 minutes and complete the 5 steps to apply. Even if you're not quite ready yet, you can see exactly where you're at without investing a ton of time.

Question 2

What fees and costs can I expect with Beeline?

Accepted Answer

We charge a flat fee for Loan Origination. People get a kick out of a flat fee because it means they know what they're paying up-front, so they don't have to worry about it changing after they lock. And it's less than most other lender's fees too, which is a pretty sweet cherry on top.

Our Origination Fees are:

$1495 for conforming purchase& refi loans
$1999 for non-conforming (DSCR/Jumbo) loans

Costs may vary for brokered loan options — your Loan Guide will let you know if this is the case.

There are also costs associated with the title work, credit services, flood certification and town/county fees for a home loan. Your Loan Estimate will break these down for you, see a sample LE here.

Question 3

Where is Beeline available?

Accepted Answer

Right now, we're in Alabama, Arizona, Arkansas, California, Colorado, Delaware, DC, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Wisconsin.

And adding new states all the time!

Question 4

What kind of loans can I get with Beeline?

Accepted Answer

We do purchases, cash out refinances, and rate-term refinances

We can help you out with a large variety of loan types, including:

Conventional
FHA
VA
DSCR
Bank statement
Fix-n-flip
Bridge
HELOC and Home Equity Loans
Texas Cash Out Home Equity

Don't see the loan you're looking for here? Don't worry — we can still help you. Get in touch to chat to a Loan Guide about your specific situation.

Question 5

Can I get a home equity line of credit (HELOC) with Beeline?

Accepted Answer

Yes, we offer HELOCs on primary residences. Credit score, Loan-to-Value ratio, property type must meet requirements. Chat with a Loan Guide today for options.

Question 6

Do I need to verify my personal income for a Debt Service Coverage Ratio (DSCR) loan?

Accepted Answer

If you’re using the rental income to support your investment property application (a Debt Service Coverage Ratio loan - DSCR), then the good news for you is you won’t need to dig up a W2 and verify your personal income..

That’s the beauty of DSCR loans. They allow you to grow your portfolio beyond the number of properties your personal income can support using conventional loans because their approval is based on verifying the property’s rental income, not your personal income.

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