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 small mortgage company specializing in Home Purchase and Refi loans. They have a a high proportion of FHA loans. Greystone Funding Company has a low ratio of conventional loans. Their top markets by origination volume include: Dallas, Orlando, Miami, Houston, and Tucson among others. We have data for 38 markets. (Some data included below & more in-depth data is available with an active subscription.)Greystone Funding Company has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
66Origination Dollar Volume (All Markets)
$1,291,370,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $199,660,000 | $19,966,000 | $0 | 0.04% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $181,180,000 | $30,196,667 | $0 | 0.04% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $91,890,000 | $22,972,500 | $0 | 0.04% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $79,905,000 | $26,635,000 | $0 | 0.04% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $68,700,000 | $34,350,000 | $0 | 0.03% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $55,850,000 | $27,925,000 | $0 | 0.04% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $54,270,000 | $27,135,000 | $0 | 0.04% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $51,095,000 | $51,095,000 | $0 | 0.04% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $46,125,000 | $46,125,000 | $0 | 0.04% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $36,325,000 | $36,325,000 | $0 | 0.04% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $32,275,000 | $32,275,000 | $0 | 0.04% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $31,365,000 | $10,455,000 | $0 | 0.04% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $27,965,000 | $27,965,000 | $0 | 0.03% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $25,885,000 | $25,885,000 | $0 | 0.04% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $24,915,000 | $24,915,000 | $0 | 0.03% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $24,485,000 | $24,485,000 | $0 | 0.03% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $22,580,000 | $11,290,000 | $0 | 0.04% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $21,405,000 | $21,405,000 | $0 | 0.04% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $20,790,000 | $10,395,000 | $0 | 0.04% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $18,755,000 | $18,755,000 | $0 | 0.04% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $17,005,000 | $17,005,000 | $0 | 0.05% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $15,805,000 | $15,805,000 | $0 | 0.04% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $15,030,000 | $7,515,000 | $0 | 0.05% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $14,990,000 | $7,495,000 | $0 | 0.04% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $14,565,000 | $14,565,000 | $0 | 0.04% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $13,015,000 | $13,015,000 | $0 | 0.04% |
| Andrews, TX (FHA|USDA|VA) | 1 | $11,375,000 | $11,375,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $9,895,000 | $9,895,000 | $0 | 0.04% |
| Vicksburg, MS (FHA|USDA|VA) | 1 | $8,855,000 | $8,855,000 | $0 | 0.04% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $8,405,000 | $8,405,000 | $0 | 0.04% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $8,015,000 | $8,015,000 | $0 | 0.04% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $7,125,000 | $7,125,000 | $0 | 0.04% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $7,055,000 | $7,055,000 | $0 | 0.04% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $5,895,000 | $5,895,000 | $0 | 0.04% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $5,675,000 | $5,675,000 | $0 | 0.04% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $5,205,000 | $5,205,000 | $0 | 0.04% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $4,535,000 | $4,535,000 | $0 | 0.04% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $3,505,000 | $3,505,000 | $0 | 0.04% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| FHA | 63 | $1,270,785,000 | $20,171,190 | $0 | 0.04% |
| Conventional | 3 | $20,585,000 | $6,861,667 | $0 | 0.00% |
For 2018, Greystone Funding Company's most frequently originated type of loan was FHA, with 63 originations. Their 2nd most popular type was Conventional, with 3 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 34 | $725,920,000 | $21,350,588 | $0 | 0.04% |
| Refi | 32 | $565,450,000 | $17,670,313 | $0 | 0.04% |
For 2018, Greystone Funding Company's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Refi, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30+ year | 65 | $1,285,855,000 | $19,782,385 | $0 | 0.04% |
| Other | 1 | $5,515,000 | $5,515,000 | $0 | 0.00% |
For 2018, Greystone Funding Company's most frequently cited loan duration was 30+ year, with 65 originations. The 2nd most popular length was Other, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| <2.5% | 62 | $1,265,270,000 | $20,407,581 |
During 2018, Greystone Funding Company's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was <2.5%, with 62 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 65 | $1,290,465,000 | $19,853,308 | $0 | 0.04% |
| $600k-1MM | 1 | $905,000 | $905,000 | $0 | 0.00% |
2018 saw Greystone Funding Company place emphasis on $1MM+ loans with 65 originations, totaling $1,290,465,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 66 | $1,291,370,000 | $19,566,212 | $0 | 0.04% |
Approval Rates
Total approvals of all applications87.39%
Greystone Funding Company has an average approval rate.
Pick Rate
Approvals leading to origination42.42%
Greystone Funding Company 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 | 66 | $1,291,370,000 | $19,566,212 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 66 | $1,291,370,000 | $19,566,212 |