Keystone Funding Mortgage Rates, Fees & Info

Dover, DE

LEI: 5493002GI63WHHUTUD85

Tax ID: 20-5475905

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    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 by origination volume include: Philadelphia, Washington, Salisbury, New York, and Dover among others. We have data for 63 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    2,243

    Origination Dollar Volume (All Markets)

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

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • New Jersey (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.

    N C P D Federal Credit Union
    Similarity Rank: 102
    BELLCO
    Similarity Rank: 176
    POLISH NATIONAL
    Similarity Rank: 192
    Freedom Credit Union
    Similarity Rank: 266
    GREATER SPRINGFIELD CREDIT UNION
    Similarity Rank: 336
    Schuyler Savings Bank
    Similarity Rank: 352
    ATHOL CREDIT UNION
    Similarity Rank: 368
    Florence Bank
    Similarity Rank: 400
    Louviers Federal Credit Union
    Similarity Rank: 410
    MEMBERS MORTGAGE COMPANY, INC.
    Similarity Rank: 464

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Keystone Funding's most frequently originated type of loan was Conventional, with 1,753 originations. Their 2nd most popular type was FHA, with 266 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Keystone Funding's most frequently cited loan purpose was Home Purchase, with 1,123 originations. The 2nd most popular reason was 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 2021, Keystone Funding's most frequently cited loan duration was 30 Year, with 1,850 originations. The 2nd most popular length was 15 Year, with 220 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 111 $30,635,000 $275,991
    $4k-5k 93 $25,385,000 $272,957

    Keystone Funding's average total fees were $6,312, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.93%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    98.41%

    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
    59.65%

    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%