Cross Keys Bank Mortgage Rates, Fees & Info
Saint Joseph, LALEI: 5493001WL16YUSR2TI47
Tax ID: 72-0125055
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.39% | 4/20/24 |
| 30 Year Conventional Refi | 6.16% | 4/20/24 |
| 30 Year Cash-out Refi | 6.62% | 4/20/24 |
| 30 Year FHA Purchase | 7.07% | 4/20/24 |
| 30 Year FHA Refi | 6.97% | 4/20/24 |
| 30 Year VA Purchase | 6.17% | 4/20/24 |
| 30 Year USDA Purchase | 6.51% | 4/20/24 |
| 15 Year Conventional Purchase | 5.95% | 4/20/24 |
| 15 Year Conventional Refi | 5.95% | 4/20/24 |
| 15 Year Cash-out Refi | 5.95% | 4/20/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
89Origination Dollar Volume (All Markets)
$20,985,000Top 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% |
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.
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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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications92.13%
Cross Keys Bank has an average approval rate.
Pick Rate
Approvals leading to origination68.54%
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 |