Keystone Funding Mortgage Rates, Fees & Info
Dover, DELEI: 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.
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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Originations
238Origination Dollar Volume (All Markets)
$54,830,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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.
Similarity Rank: 32
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Similarity Rank: 63
Similarity Rank: 63
Similarity Rank: 66
Similarity Rank: 80
Similarity Rank: 116
Product Mix
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
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
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
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
2018 saw Keystone Funding place emphasis on $200k-400k loans with 134 originations, totaling $36,990,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications97.34%
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 origination46.22%
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 |