Keystone Funding Mortgage Rates, Fees & Info

Dover, DE

LEI: 5493002GI63WHHUTUD85

Tax ID: 20-5475905

4.1 stars - out of 5 stars, based on 47 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

2,243

Origination Dollar Volume (All Markets)

$713,935,000
Show all (9) awards

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 applications
98.29%

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 origination
58.36%

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%