Greystone Funding Company Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 5493002W52M3SYLFEX32
Tax ID: 54-1690128
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Mortgage Data
Review & Overview
Greystone Funding Company is a smaller mortgage company specializing in Refi loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: New York, Crestview, Houston, St. Marys, and Hickory among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Greystone Funding Company has a below average approval rate when compared to the average across all lenders.
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Originations
19Origination Dollar Volume (All Markets)
$343,635,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $71,270,000 | $35,635,000 | $0 | 5.49% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $52,925,000 | $52,925,000 | $0 | 4.98% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $36,075,000 | $36,075,000 | $0 | 5.04% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $28,425,000 | $28,425,000 | $0 | 5.34% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $24,135,000 | $24,135,000 | $0 | 5.43% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $24,115,000 | $24,115,000 | $0 | 5.23% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 2 | $19,200,000 | $9,600,000 | $0 | 6.51% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $14,745,000 | $14,745,000 | $0 | 5.47% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $13,805,000 | $13,805,000 | $0 | 5.27% |
| Hutchinson, MN (FHA|USDA|VA) | 1 | $13,635,000 | $13,635,000 | $0 | 4.92% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $10,715,000 | $10,715,000 | $0 | 5.96% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $9,325,000 | $9,325,000 | $0 | 5.56% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $7,045,000 | $7,045,000 | $0 | 5.40% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $5,405,000 | $5,405,000 | $0 | 4.77% |
| Pullman, WA (FHA|USDA|VA) | 1 | $5,325,000 | $5,325,000 | $0 | 5.00% |
| Ottawa, KS (FHA|USDA|VA) | 1 | $3,845,000 | $3,845,000 | $0 | 4.25% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $3,645,000 | $3,645,000 | $0 | 5.90% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| FHA | 19 | $343,635,000 | $18,086,053 | $0 | 5.39% |
For 2023, Greystone Funding Company's most frequently originated type of loan was FHA, with 19 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 19 | $343,635,000 | $18,086,053 | $0 | 5.39% |
For 2023, Greystone Funding Company's most frequently cited loan purpose was Refi, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30+ year | 19 | $343,635,000 | $18,086,053 | $0 | 5.39% |
For 2023, Greystone Funding Company's most frequently cited loan duration was 30+ year, with 19 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 12 | $243,300,000 | $20,275,000 |
| 4-5% | 5 | $81,135,000 | $16,227,000 |
| 6-7% | 2 | $19,200,000 | $9,600,000 |
During 2023, Greystone Funding Company's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 12 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 19 | $343,635,000 | $18,086,053 | $0 | 5.39% |
2023 saw Greystone Funding Company place emphasis on $1MM+ loans with 19 originations, totaling $343,635,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 19 | $343,635,000 | $18,086,053 | $0 | 5.39% |
Approval Rates
Total approvals of all applications61.29%
Greystone Funding Company has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 19 | $343,635,000 | $18,086,053 |