Keystone Funding Mortgage Rates, Fees & Info

Dover, DE

LEI: 5493002GI63WHHUTUD85

Tax ID: 20-5475905

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Mortgage Data

Review & Overview

Keystone Funding is a smaller mortgage company specializing in Home Purchase 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 by origination volume include: Philadelphia, Dover, Salisbury, Washington, and Baltimore among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Keystone Funding 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. Keystone Funding 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.

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Originations

238

Origination Dollar Volume (All Markets)

$54,830,000

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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 108 $25,530,000 $236,389 $5,260 4.92%
DOVER, DE (FHA|USDA|VA) 89 $18,945,000 $212,865 $6,034 5.06%
SALISBURY, MD-DE (FHA|USDA|VA) 26 $5,910,000 $227,308 $4,955 5.15%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 8 $2,830,000 $353,750 $5,917 4.91%
Outside of Metro Areas 3 $665,000 $221,667 $5,419 4.92%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $375,000 $375,000 $4,920 4.88%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $255,000 $255,000 $4,364 4.63%
READING, PA (FHA|USDA|VA) 1 $235,000 $235,000 $4,206 5.00%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $85,000 $85,000 $3,563 5.13%
Keystone Funding's top markets include Philadelphia, Dover, Salisbury, Washington, and Baltimore among others.

Their top states include:
  • Delaware (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Similar Lenders

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

    APL
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    Bogota Savings Bank
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 176 $40,960,000 $232,727 $4,606 5.00%
    FHA 39 $8,135,000 $208,590 $7,917 4.96%
    VA 21 $5,385,000 $256,429 $8,687 5.02%
    USDA 2 $350,000 $175,000 $6,405 5.44%

    For 2018, Keystone Funding's most frequently originated type of loan was Conventional, with 176 originations. Their 2nd most popular type was FHA, with 39 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 224 $52,290,000 $233,438 $5,559 4.98%
    Cash Out Refi 9 $1,875,000 $208,333 $5,641 5.22%
    Refi 5 $665,000 $133,000 $3,715 5.20%

    For 2018, Keystone Funding's most frequently cited loan purpose was Home Purchase, with 224 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 227 $53,005,000 $233,502 $5,594 5.01%
    15 Year 5 $805,000 $161,000 $3,562 4.33%
    20 Year 5 $835,000 $167,000 $4,571 5.00%
    Other 1 $185,000 $185,000 $4,099 4.88%

    For 2018, Keystone Funding's most frequently cited loan duration was 30 Year, with 227 originations. The 2nd most popular length was 15 Year, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 182 $41,220,000 $226,484
    $2k-3k 28 $6,140,000 $219,286
    $<1k 12 $3,230,000 $269,167
    $4k-5k 8 $2,050,000 $256,250
    $3k-4k 6 $1,490,000 $248,333
    $5k+ 2 $700,000 $350,000

    Keystone Funding's average total fees were $5,594, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 182 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 157 $37,955,000 $241,752
    5-6% 81 $16,875,000 $208,333

    During 2018, Keystone Funding's average interest rate for loans was 5.01%, while their most frequently originated rate bucket for loans was 4-5%, with 157 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 134 $36,990,000 $276,045 $5,901 4.93%
    $100k-200k 91 $14,155,000 $155,549 $5,056 5.08%
    $100,000 or less 6 $510,000 $85,000 $3,860 5.35%
    $400k-600k 6 $2,560,000 $426,667 $5,564 4.79%
    $600k-1MM 1 $615,000 $615,000 $7,297 5.50%

    2018 saw Keystone Funding place emphasis on $200k-400k loans with 134 originations, totaling $36,990,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 63 $12,715,000 $201,825 $5,759 5.05%
    $100k-150k 55 $13,945,000 $253,545 $5,169 4.95%
    $75k-100k 43 $10,545,000 $245,233 $6,249 4.95%
    $150k-250k 37 $10,645,000 $287,703 $5,357 4.99%
    $50k or less 37 $6,045,000 $163,378 $5,080 5.02%
    $250k+ 3 $935,000 $311,667 $4,185 5.13%

    Keystone Funding lent most frequently to those with incomes in the $50k-75k range, with 63 originations. The second most popular income band? $100k-150k, with 55 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 49 $10,745,000 $219,286 $4,669 4.92%
    30-36% 34 $8,260,000 $242,941 $5,479 5.00%
    50-60% 16 $3,310,000 $206,875 $7,004 4.96%
    45% 13 $3,065,000 $235,769 $6,025 5.22%
    39% 12 $2,650,000 $220,833 $4,863 5.03%
    41% 11 $2,565,000 $233,182 $6,586 5.01%
    42% 11 $2,505,000 $227,727 $5,246 4.82%
    43% 11 $2,795,000 $254,091 $6,415 5.09%
    44% 11 $2,255,000 $205,000 $5,117 5.20%
    37% 10 $2,580,000 $258,000 $6,039 5.04%
    38% 10 $2,560,000 $256,000 $6,354 5.04%
    49% 9 $2,385,000 $265,000 $5,976 5.07%
    <20% 8 $1,550,000 $193,750 $4,214 5.00%
    47% 8 $1,940,000 $242,500 $5,359 4.97%
    48% 7 $1,345,000 $192,143 $5,213 4.93%
    40% 6 $1,020,000 $170,000 $5,887 5.04%
    46% 6 $1,420,000 $236,667 $5,301 4.94%
    36% 4 $1,200,000 $300,000 $6,718 4.78%
    >60% 2 $680,000 $340,000 $4,485 4.94%

    Keystone Funding lent most frequently to those with DTI ratios of 20-30%, with 49 originations. The next most common DTI ratio? 30-36%, with 34 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 184 $42,590,000 $231,467 $5,415 4.99%
    Black 28 $6,400,000 $228,571 $6,051 5.07%
    Not provided 21 $4,715,000 $224,524 $6,082 5.04%
    Asian 5 $1,125,000 $225,000 $4,196 4.83%

    Approval Rates

    Total approvals of all applications
    97.34%

    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
    46.22%

    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 238 $54,830,000 $230,378

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $870,000 $145,000
    Single Family (1-4 Units):Site-Built 232 $53,960,000 $232,586

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $930,000 $155,000 $3,667 4.69%
    40-60% 13 $2,095,000 $161,154 $4,564 4.77%
    60-80% 43 $9,095,000 $211,512 $4,463 5.04%
    80-100% 166 $40,040,000 $241,205 $5,590 5.01%
    Over 100% 10 $2,670,000 $267,000 $11,344 5.00%