Greystone Funding Company Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 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

19

Origination Dollar Volume (All Markets)

$343,635,000

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
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%
Greystone Funding Company's top markets include New York, Crestview, Houston, St. Marys, and Hickory among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • 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 applications
    61.29%

    Greystone Funding Company has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 19 $343,635,000 $18,086,053

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    19 $343,635,000 $18,086,053

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $14,360,000 $7,180,000 $0 5.93%
    40-60% 5 $49,795,000 $9,959,000 $0 5.30%
    60-80% 11 $255,345,000 $23,213,182 $0 5.34%
    80-100% 1 $24,135,000 $24,135,000 $0 5.43%