Cross Keys Bank Mortgage Rates, Fees & Info

Saint Joseph, LA

LEI: 5493001WL16YUSR2TI47

Tax ID: 72-0125055

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Cross Keys Bank is a smaller bank specializing in Home Purchase loans. Cross Keys Bank has a high proportion of conventional loans. Their top markets by origination volume include: Shreveport, Monroe, Minden, New Orleans, and Jackson among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cross Keys Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.39% 6/23/24
30 Year Conventional Refi 6.16% 6/23/24
30 Year Cash-out Refi 6.62% 6/23/24
30 Year FHA Purchase 7.07% 6/23/24
30 Year FHA Refi 6.97% 6/23/24
30 Year VA Purchase 6.17% 6/23/24
30 Year USDA Purchase 6.51% 6/23/24
15 Year Conventional Purchase 5.95% 6/23/24
15 Year Conventional Refi 5.95% 6/23/24
15 Year Cash-out Refi 5.95% 6/23/24
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.

Cross Keys Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Cross Keys Bank. 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

89

Origination Dollar Volume (All Markets)

$20,985,000

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
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 17 $9,175,000 $539,706 $2,093 8.00%
MONROE, LA (FHA|USDA|VA) 42 $6,900,000 $164,286 $2,959 8.01%
Outside of Metro Areas 27 $3,795,000 $140,556 $1,937 7.68%
Minden, LA (FHA|USDA|VA) 1 $905,000 $905,000 $4,981 7.20%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $155,000 $155,000 $1,654 6.95%
JACKSON, MS (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.30%
Cross Keys Bank's top markets include Shreveport, Monroe, Minden, New Orleans, and Jackson among others.

Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Cross Keys Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    CENTRIC
    Similarity Rank: 48
    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 132
    Home Federal Bank
    Similarity Rank: 340
    CARTER FEDERAL CREDIT UNION
    Similarity Rank: 391
    BARKSDALE
    Similarity Rank: 391
    DSLD MORTGAGE, LLC
    Similarity Rank: 504
    ANECA Federal Credit Union
    Similarity Rank: 561
    Red River Bank
    Similarity Rank: 702
    STANDARD MORTGAGE CORPORATION
    Similarity Rank: 891
    MORTGAGE FINANCIAL SERVICES, LLC
    Similarity Rank: 1539

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 89 $20,985,000 $235,787 $2,429 7.90%

    For 2023, Cross Keys Bank's most frequently originated type of loan was Conventional, with 89 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 45 $16,485,000 $366,333 $3,795 7.82%
    Refi 28 $3,290,000 $117,500 $1,151 7.94%
    Home Improvement 9 $415,000 $46,111 $1,795 8.47%
    Other 7 $795,000 $113,571 $2,187 7.53%

    For 2023, Cross Keys Bank's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 46 $7,880,000 $171,304 $2,351 7.41%
    5 Year 28 $11,250,000 $401,786 $1,693 8.13%
    1 Year 8 $1,460,000 $182,500 $4,193 9.11%
    10 Year 4 $200,000 $50,000 $1,790 8.94%
    3 Year 3 $195,000 $65,000 $0 8.68%

    For 2023, Cross Keys Bank's most frequently cited loan duration was Other, with 46 originations. The 2nd most popular length was 5 Year, with 28 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 29 $2,315,000 $79,828
    $1k-2k 11 $2,785,000 $253,182
    $2k-3k 5 $2,285,000 $457,000
    $3k-4k 1 $655,000 $655,000
    $4k-5k 1 $905,000 $905,000

    Cross Keys Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 29 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 38 $6,490,000 $170,789
    Over 8% 34 $3,330,000 $97,941
    6-7% 17 $11,165,000 $656,765

    During 2023, Cross Keys Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 38 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 39 $2,065,000 $52,949 $1,146 8.33%
    $100k-200k 27 $3,675,000 $136,111 $2,277 7.80%
    $200k-400k 14 $3,960,000 $282,857 $3,701 7.47%
    $400k-600k 6 $2,840,000 $473,333 $3,950 7.13%
    $600k-1MM 2 $1,560,000 $780,000 $6,122 6.88%
    $1MM+ 1 $6,885,000 $6,885,000 $0 6.79%

    2023 saw Cross Keys Bank place emphasis on $100,000 or less loans with 39 originations, totaling $2,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 15 $1,555,000 $103,667 $1,818 7.53%
    $150k-250k 11 $2,755,000 $250,455 $2,662 6.99%
    $75k-100k 11 $1,055,000 $95,909 $1,593 7.93%
    $50k-75k 9 $595,000 $66,111 $2,077 8.79%
    $250k+ 7 $2,865,000 $409,286 $4,660 6.87%
    $50k or less 7 $805,000 $115,000 $1,877 7.99%

    Cross Keys Bank lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $150k-250k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 16 $2,790,000 $174,375 $2,536 7.36%
    <20% 11 $2,845,000 $258,636 $2,900 7.11%
    30-36% 6 $1,440,000 $240,000 $2,705 7.50%
    39% 2 $370,000 $185,000 $2,343 7.13%
    43% 2 $390,000 $195,000 $3,311 7.70%
    42% 2 $90,000 $45,000 $1,235 7.48%
    37% 2 $120,000 $60,000 $1,831 8.80%
    38% 2 $500,000 $250,000 $2,482 6.90%
    50-60% 1 $85,000 $85,000 $641 7.25%
    40% 1 $45,000 $45,000 $385 8.70%
    45% 1 $55,000 $55,000 $964 7.35%
    46% 1 $45,000 $45,000 $356 8.90%
    47% 1 $195,000 $195,000 $3,232 7.40%

    Cross Keys Bank lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? <20%, with 11 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 28 $11,330,000 $404,643 $0 8.34%
    White 49 $8,515,000 $173,776 $2,485 7.67%
    Black 11 $845,000 $76,818 $1,884 7.97%
    Not provided 1 $295,000 $295,000 $4,032 6.50%

    Approval Rates

    Total approvals of all applications
    92.13%

    Cross Keys Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    68.54%

    Cross Keys Bank 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 89 $20,985,000 $235,787

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    89 $20,985,000 $235,787

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $1,270,000 $79,375 $1,760 8.28%
    40-60% 10 $1,680,000 $168,000 $1,731 8.04%
    60-80% 28 $11,870,000 $423,929 $2,586 7.86%
    80-100% 20 $4,510,000 $225,500 $3,688 7.49%
    Over 100% 2 $780,000 $390,000 $2,861 8.13%
    Under 20% 13 $875,000 $67,308 $1,091 8.02%