Keystone Funding Mortgage Rates, Fees & Info
Dover, DELEI: 5493002GI63WHHUTUD85
Tax ID: 20-5475905
2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Overview
Keystone Funding is a smaller mortgage company specializing in Home Purchase and Refi loans. Keystone Funding has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Philadelphia, Washington, Salisbury, New York, and Dover among others. Keystone Funding has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Keystone Funding is typically a high fee lendor.Originations
2,243Origination Dollar Volume (All Markets)
$713,935,000Awards
Keystone Funding - 2021
Keystone Funding is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for Keystone Funding ?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Keystone Funding 's average 30 year fixed rate mortgage of loans were
2.93%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.22%.
Relative Fees
Keystone Funding 's average total fees for a 30 year fixed rate
mortgage are $6,312.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 892 | $270,920,000 | $303,722 | $6,631 | 2.86% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 389 | $168,815,000 | $433,972 | $5,866 | 2.78% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 221 | $53,895,000 | $243,869 | $4,577 | 2.92% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 86 | $35,200,000 | $409,302 | $4,891 | 2.72% |
| DOVER, DE (FHA|USDA|VA) | 131 | $33,795,000 | $257,977 | $6,512 | 2.94% |
| LANCASTER, PA (FHA|USDA|VA) | 72 | $16,870,000 | $234,306 | $6,191 | 2.79% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 52 | $16,650,000 | $320,192 | $3,354 | 2.69% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 31 | $10,715,000 | $345,645 | $6,404 | 2.92% |
| READING, PA (FHA|USDA|VA) | 50 | $10,450,000 | $209,000 | $5,877 | 3.02% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 28 | $9,570,000 | $341,786 | $5,196 | 2.91% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 14 | $5,840,000 | $417,143 | $6,977 | 2.66% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 14 | $4,280,000 | $305,714 | $6,043 | 3.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 9 | $4,115,000 | $457,222 | $7,091 | 2.85% |
| Outside of Metro Areas | 15 | $4,075,000 | $271,667 | $6,620 | 2.84% |
| RICHMOND, VA (FHA|USDA|VA) | 11 | $4,065,000 | $369,545 | $4,896 | 2.46% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 10 | $3,970,000 | $397,000 | $3,068 | 2.66% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 13 | $3,865,000 | $297,308 | $5,297 | 2.93% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 11 | $3,845,000 | $349,545 | $5,044 | 2.97% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 17 | $3,425,000 | $201,471 | $6,449 | 2.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 11 | $3,245,000 | $295,000 | $5,003 | 2.97% |
| LEBANON, PA (FHA|USDA|VA) | 15 | $3,015,000 | $201,000 | $6,017 | 2.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 8 | $2,980,000 | $372,500 | $5,045 | 2.66% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 9 | $2,845,000 | $316,111 | $5,584 | 2.79% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 8 | $2,830,000 | $353,750 | $5,544 | 2.67% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 7 | $2,585,000 | $369,286 | $6,196 | 2.71% |
| PITTSBURGH, PA (FHA|USDA|VA) | 8 | $2,170,000 | $271,250 | $5,226 | 2.84% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 7 | $2,105,000 | $300,714 | $7,217 | 2.54% |
| ROANOKE, VA (FHA|USDA|VA) | 10 | $2,090,000 | $209,000 | $3,964 | 3.30% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 8 | $2,080,000 | $260,000 | $6,007 | 3.12% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 6 | $2,010,000 | $335,000 | $5,424 | 3.23% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,975,000 | $395,000 | $3,545 | 3.05% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 5 | $1,925,000 | $385,000 | $6,030 | 2.72% |
| Cambridge, MD (FHA|USDA|VA) | 7 | $1,895,000 | $270,714 | $6,323 | 2.80% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $1,231 | 2.65% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 9 | $1,355,000 | $150,556 | $5,648 | 2.53% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $1,848 | 3.12% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $2,765 | 2.91% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $8,918 | 3.62% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $5,997 | 2.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $3,644 | 2.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $2,845 | 2.38% |
| Sayre, PA (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $6,527 | 3.17% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $5,002 | 2.93% |
| Sanford, NC (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,244 | 2.44% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,404 | 3.13% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,210 | 2.75% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,068 | 2.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,151 | 2.63% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $2,197 | 3.00% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,968 | 3.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,819 | 2.44% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,479 | 3.00% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $14,459 | 3.75% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,423 | 2.25% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,561 | 2.38% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,924 | 3.49% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,766 | 2.13% |
| Easton, MD (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,521 | 2.99% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,659 | 2.75% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,239 | 2.25% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,320 | 2.75% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,972 | 3.12% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,290 | 3.50% |
Keystone Funding 's top markets include Philadelphia, Washington, Salisbury, New York, and Dover among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,753 | $560,515,000 | $319,746 | $5,386 | 2.86% |
| FHA | 266 | $73,820,000 | $277,519 | $7,934 | 2.91% |
| VA | 173 | $67,525,000 | $390,318 | $8,199 | 2.58% |
| USDA | 51 | $12,075,000 | $236,765 | $6,566 | 2.70% |
For the 2021 period, Keystone Funding 's most frequently originated loan type of loans were Conventional, with 1,753 originations. Their 2nd most popular type is FHA, with 266 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 1,123 | $367,035,000 | $326,834 | $7,082 | 2.94% |
| Refi | 723 | $227,405,000 | $314,530 | $4,530 | 2.67% |
| Cash Out Refi | 397 | $119,495,000 | $300,995 | $5,232 | 2.89% |
For the 2021, Keystone Funding 's most frequently cited loan purpose of loans were Home Purchase, with 1,123 originations. The 2nd most popular reason of loans were Refi, with 723 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,850 | $603,770,000 | $326,362 | $6,312 | 2.93% |
| 15 Year | 220 | $63,620,000 | $289,182 | $3,876 | 2.33% |
| 20 Year | 112 | $32,010,000 | $285,804 | $5,078 | 2.76% |
| 10 Year | 31 | $6,375,000 | $205,645 | $2,117 | 1.96% |
| Other | 30 | $8,160,000 | $272,000 | $4,702 | 2.87% |
For the 2021, Keystone Funding 's most frequently cited loan length of loans were 30 Year, with 1,850 originations. The 2nd most popular length of loans were 15 Year, with 220 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 859 | $279,265,000 | $325,105 |
| $1k-2k | 427 | $122,715,000 | $287,389 |
| $5k+ | 378 | $142,710,000 | $377,540 |
| $2k-3k | 375 | $113,225,000 | $301,933 |
| $3k-4k | 204 | $56,020,000 | $274,608 |
$6,312 of loans were Keystone Funding 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 859 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 1,185 | $383,025,000 | $323,228 |
| 3-4% | 547 | $160,405,000 | $293,245 |
| <2.5% | 499 | $168,255,000 | $337,184 |
| 4-5% | 12 | $2,250,000 | $187,500 |
During 2021, Keystone Funding 's average interest rate of loans were 2.93%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,185 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 1,198 | $347,460,000 | $290,033 | $5,872 | 2.88% |
| $400k-600k | 484 | $229,890,000 | $474,979 | $6,930 | 2.72% |
| $100k-200k | 452 | $73,220,000 | $161,991 | $4,409 | 2.91% |
| $600k-1MM | 82 | $57,890,000 | $705,976 | $9,778 | 2.85% |
| $100,000 or less | 25 | $1,515,000 | $60,600 | $2,054 | 2.59% |
| $1MM+ | 2 | $3,960,000 | $1,980,000 | $35,457 | 2.56% |
2021 saw Keystone Funding place emphasis on $200k-400k loans with 1,198 originations, totaling $347,460,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 556 | $194,130,000 | $349,155 | $6,349 | 2.86% |
| $50k-75k | 453 | $106,315,000 | $234,691 | $5,723 | 2.94% |
| $150k-250k | 428 | $173,600,000 | $405,607 | $5,999 | 2.76% |
| $75k-100k | 399 | $117,705,000 | $295,000 | $5,904 | 2.88% |
| $50k or less | 260 | $53,170,000 | $204,500 | $4,688 | 2.80% |
| $250k+ | 137 | $65,795,000 | $480,255 | $7,440 | 2.73% |
Keystone Funding lent most frequently to those with incomes in the $100k-150k range, with 556 originations. The second most popular income band? $50k-75k, with 453 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 529 | $170,195,000 | $321,730 | $5,627 | 2.83% |
| 30-36% | 422 | $141,780,000 | $335,972 | $5,711 | 2.80% |
| <20% | 171 | $50,925,000 | $297,807 | $5,474 | 2.68% |
| 50-60% | 105 | $33,575,000 | $319,762 | $8,392 | 2.81% |
| 42% | 88 | $25,680,000 | $291,818 | $5,481 | 2.97% |
| 41% | 82 | $28,080,000 | $342,439 | $6,765 | 2.86% |
| 37% | 81 | $26,035,000 | $321,420 | $5,809 | 2.91% |
| 44% | 80 | $24,480,000 | $306,000 | $5,658 | 3.04% |
| 36% | 79 | $28,545,000 | $361,329 | $7,327 | 2.87% |
| 40% | 74 | $22,090,000 | $298,514 | $5,636 | 2.96% |
| 39% | 74 | $20,780,000 | $280,811 | $5,350 | 2.96% |
| 43% | 71 | $21,015,000 | $295,986 | $5,471 | 2.93% |
| 38% | 70 | $21,880,000 | $312,571 | $6,381 | 2.90% |
| 45% | 62 | $19,030,000 | $306,935 | $6,719 | 2.89% |
| 47% | 59 | $18,675,000 | $316,525 | $6,724 | 2.96% |
| 48% | 56 | $17,640,000 | $315,000 | $6,236 | 2.98% |
| 49% | 47 | $13,835,000 | $294,362 | $5,777 | 2.88% |
| 46% | 41 | $12,505,000 | $305,000 | $6,514 | 2.94% |
| >60% | 4 | $1,480,000 | $370,000 | $6,110 | 2.66% |
Keystone Funding lent most frequently to those with DTI ratios of 20-30%, with 529 originations. The next most common DTI ratio? 30-36%, with 422 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,537 | $457,795,000 | $297,850 | $6,092 | 2.88% |
| Not provided | 484 | $179,900,000 | $371,694 | $5,129 | 2.74% |
| Black | 136 | $43,340,000 | $318,676 | $6,972 | 2.87% |
| Asian | 74 | $28,860,000 | $390,000 | $5,913 | 2.73% |
| American Indian | 8 | $2,830,000 | $353,750 | $7,639 | 2.88% |
| Asian Indian | 2 | $810,000 | $405,000 | $4,495 | 2.69% |
| Native Hawaiian | 1 | $245,000 | $245,000 | $0 | 2.88% |
| Japanese | 1 | $155,000 | $155,000 | $4,841 | 3.00% |
Approval Rates
Total approvals of all applications98.29%
Keystone Funding has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination58.36%
Keystone Funding 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 | 2,243 | $713,935,000 | $318,295 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,243 | $713,935,000 | $318,295 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 56 | $13,180,000 | $235,357 | $4,064 | 2.61% |
| 40-60% | 332 | $99,490,000 | $299,669 | $4,347 | 2.64% |
| 60-80% | 800 | $257,310,000 | $321,638 | $5,344 | 2.87% |
| 80-100% | 1,010 | $327,660,000 | $324,416 | $6,703 | 2.92% |
| Over 100% | 36 | $16,050,000 | $445,833 | $16,228 | 2.76% |
| Under 20% | 9 | $245,000 | $27,222 | $579 | 1.57% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Keystone Funding, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |
