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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Cross Keys Bank is a smaller bank specializing in Home Purchase and Refi loans. Cross Keys Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Monroe, Shreveport, Ruston, Daphne, and New Orleans among others. We have data for 19 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. Cross Keys Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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% 12/16/24
    30 Year Conventional Refi 6.16% 12/16/24
    30 Year Cash-out Refi 6.62% 12/16/24
    30 Year FHA Purchase 7.07% 12/16/24
    30 Year FHA Refi 6.97% 12/16/24
    30 Year VA Purchase 6.17% 12/16/24
    30 Year USDA Purchase 6.51% 12/16/24
    15 Year Conventional Purchase 5.95% 12/16/24
    15 Year Conventional Refi 5.95% 12/16/24
    15 Year Cash-out Refi 5.95% 12/16/24
    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

    309

    Origination Dollar Volume (All Markets)

    $76,885,000
    Show all (6) awards

    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
    MONROE, LA (FHA|USDA|VA) 97 $30,215,000 $311,495 $4,043 4.76%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 92 $21,300,000 $231,522 $5,598 4.89%
    Outside of Metro Areas 85 $15,265,000 $179,588 $4,235 4.98%
    Ruston, LA (FHA|USDA|VA) 12 $2,900,000 $241,667 $5,114 4.65%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 4 $2,190,000 $547,500 $4,678 3.84%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $810,000 $405,000 $2,672 5.30%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $690,000 $345,000 $6,810 4.13%
    TYLER, TX (FHA|USDA|VA) 2 $630,000 $315,000 $5,097 4.44%
    ALEXANDRIA, LA (FHA|USDA|VA) 3 $495,000 $165,000 $5,539 4.87%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $395,000 $395,000 $11,971 3.88%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $355,000 $355,000 $3,884 5.38%
    SAN ANGELO, TX (FHA|USDA|VA) 1 $355,000 $355,000 $5,829 5.35%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $315,000 $315,000 $13,186 4.75%
    MOBILE, AL (FHA|USDA|VA) 1 $305,000 $305,000 $0 6.25%
    Searcy, AR (FHA|USDA|VA) 1 $215,000 $215,000 $6,334 3.75%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $165,000 $165,000 $6,434 5.75%
    Vicksburg, MS (FHA|USDA|VA) 1 $155,000 $155,000 $1,599 6.10%
    Natchez, MS-LA (FHA|USDA|VA) 1 $85,000 $85,000 $5,286 4.00%
    LONGVIEW, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.85%
    Cross Keys Bank's top markets include Monroe, Shreveport, Ruston, Daphne, and New Orleans among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Florida (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.

    Bossier Federal Credit Union
    Similarity Rank: 19
    CENTRIC
    Similarity Rank: 120
    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 128
    Century Next Bank
    Similarity Rank: 336
    Campus Federal Credit Union
    Similarity Rank: 360
    ANECA Federal Credit Union
    Similarity Rank: 682
    STANDARD MORTGAGE CORPORATION
    Similarity Rank: 817
    Citizens National Bank, N.A.
    Similarity Rank: 902
    BARKSDALE
    Similarity Rank: 946
    DSLD MORTGAGE, LLC
    Similarity Rank: 1007

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 223 $58,975,000 $264,462 $3,724 4.96%
    FHA 35 $7,845,000 $224,143 $7,716 4.65%
    USDA 32 $4,640,000 $145,000 $5,218 4.39%
    VA 19 $5,425,000 $285,526 $8,166 4.77%

    For 2022, Cross Keys Bank's most frequently originated type of loan was Conventional, with 223 originations. Their 2nd most popular type was FHA, with 35 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 231 $54,725,000 $236,905 $5,245 4.84%
    Refi 54 $18,850,000 $349,074 $2,804 4.89%
    Cash Out Refi 16 $2,380,000 $148,750 $3,867 4.38%
    Home Improvement 6 $540,000 $90,000 $2,033 5.88%
    Other 2 $390,000 $195,000 $2,783 6.10%

    For 2022, Cross Keys Bank's most frequently cited loan purpose was Home Purchase, with 231 originations. The 2nd most popular reason was Refi, with 54 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 210 $50,360,000 $239,810 $5,238 4.59%
    Other 39 $11,565,000 $296,538 $2,823 5.61%
    5 Year 28 $10,660,000 $380,714 $298 5.67%
    1 Year 11 $1,385,000 $125,909 $1,764 5.93%
    15 Year 11 $1,925,000 $175,000 $3,952 3.98%
    10 Year 5 $415,000 $83,000 $1,742 5.51%
    20 Year 4 $510,000 $127,500 $3,280 4.05%
    3 Year 1 $65,000 $65,000 $476 6.25%

    For 2022, Cross Keys Bank's most frequently cited loan duration was 30 Year, with 210 originations. The 2nd most popular length was Other, with 39 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 192 $41,740,000 $217,396
    $<1k 43 $7,835,000 $182,209
    $2k-3k 20 $7,430,000 $371,500
    $3k-4k 4 $1,280,000 $320,000
    $4k-5k 4 $1,790,000 $447,500
    $5k+ 2 $1,470,000 $735,000

    Cross Keys Bank's average total fees were $5,238, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 192 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 92 $24,010,000 $260,978
    4-5% 79 $22,475,000 $284,494
    3-4% 71 $19,595,000 $275,986
    6-7% 44 $6,730,000 $152,955
    2.5-3% 14 $3,070,000 $219,286
    7-8% 6 $450,000 $75,000
    <2.5% 3 $555,000 $185,000

    During 2022, Cross Keys Bank's average interest rate for loans was 4.59%, while their most frequently originated rate bucket for loans was 5-6%, with 92 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 108 $30,730,000 $284,537 $5,745 4.83%
    $100k-200k 105 $15,245,000 $145,190 $4,084 4.71%
    $100,000 or less 59 $3,925,000 $66,525 $2,708 5.43%
    $400k-600k 25 $11,875,000 $475,000 $6,176 4.30%
    $600k-1MM 8 $5,220,000 $652,500 $5,560 4.62%
    $1MM+ 4 $9,890,000 $2,472,500 $8,828 4.74%

    2022 saw Cross Keys Bank place emphasis on $200k-400k loans with 108 originations, totaling $30,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 75 $12,595,000 $167,933 $4,413 4.96%
    $75k-100k 48 $11,420,000 $237,917 $5,232 4.99%
    $100k-150k 47 $12,635,000 $268,830 $5,172 4.50%
    $50k or less 46 $5,470,000 $118,913 $3,905 4.64%
    $150k-250k 39 $12,395,000 $317,821 $5,517 4.70%
    $250k+ 19 $8,185,000 $430,789 $4,288 4.73%

    Cross Keys Bank lent most frequently to those with incomes in the $50k-75k range, with 75 originations. The second most popular income band? $75k-100k, with 48 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 57 $12,905,000 $226,404 $4,493 4.56%
    30-36% 50 $11,310,000 $226,200 $4,635 4.64%
    <20% 33 $8,365,000 $253,485 $3,556 4.78%
    50-60% 14 $3,350,000 $239,286 $8,184 4.74%
    39% 11 $2,625,000 $238,636 $4,744 4.83%
    38% 11 $1,995,000 $181,364 $4,574 5.09%
    41% 10 $2,280,000 $228,000 $5,593 4.92%
    44% 10 $1,900,000 $190,000 $3,849 5.08%
    37% 10 $2,220,000 $222,000 $4,983 4.97%
    42% 8 $2,680,000 $335,000 $4,398 4.78%
    40% 8 $1,690,000 $211,250 $6,086 4.33%
    45% 8 $1,960,000 $245,000 $5,464 5.19%
    46% 8 $2,080,000 $260,000 $6,161 4.70%
    48% 8 $1,570,000 $196,250 $3,445 4.55%
    43% 7 $1,865,000 $266,429 $3,784 5.30%
    36% 5 $1,075,000 $215,000 $3,528 4.57%
    47% 4 $1,130,000 $282,500 $9,540 4.25%
    49% 3 $515,000 $171,667 $3,187 5.10%
    >60% 1 $105,000 $105,000 $632 4.45%

    Cross Keys Bank lent most frequently to those with DTI ratios of 20-30%, with 57 originations. The next most common DTI ratio? 30-36%, with 50 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 225 $52,795,000 $234,644 $4,736 4.77%
    Not applicable 35 $14,185,000 $405,286 $0 5.44%
    Black 32 $5,380,000 $168,125 $4,419 5.04%
    Not provided 9 $1,905,000 $211,667 $5,345 4.58%
    Asian 2 $710,000 $355,000 $5,948 4.56%
    American Indian 1 $635,000 $635,000 $6,865 3.75%
    Other Asian 3 $475,000 $158,333 $5,083 4.46%
    Asian Indian 1 $415,000 $415,000 $9,218 3.50%
    Japanese 1 $385,000 $385,000 $2,747 4.63%

    Approval Rates

    Total approvals of all applications
    94.29%

    Cross Keys Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.61%

    Cross Keys Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 309 $76,885,000 $248,819

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    309 $76,885,000 $248,819

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $1,910,000 $119,375 $2,749 4.91%
    40-60% 18 $3,730,000 $207,222 $3,144 5.35%
    60-80% 94 $30,510,000 $324,574 $3,988 5.02%
    80-100% 156 $36,230,000 $232,244 $5,028 4.64%
    Over 100% 15 $3,835,000 $255,667 $9,755 4.65%
    Under 20% 8 $410,000 $51,250 $850 5.77%