Keypoint Mortgage Rates, Fees & Info

Santa Clara, CA

LEI: 549300DT7CCDCC7O6Z60

Tax ID: 94-2600376

5 stars - Updated: 7/11/24 - out of 5 stars, based on 9 reviews

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

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Mortgage Data

Review & Overview

Keypoint is a smaller mortgage company specializing in Home Purchase loans. Keypoint has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, San Jose, Sacramento, Stockton, and Santa Cruz among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

Keypoint 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. Keypoint 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 relatively high 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 5.83% 7/11/24
30 Year Conventional Refi 5.88% 7/11/24
30 Year Cash-out Refi 6.18% 7/11/24
15 Year Conventional Purchase 5.78% 7/11/24
15 Year Conventional Refi 5.80% 7/11/24
15 Year Cash-out Refi 5.80% 7/11/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Keypoint Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Keypoint. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

82

Origination Dollar Volume (All Markets)

$32,090,000

Relative Rate

Keypoint's average 30 year fixed mortgage rate was 6.68%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.2%.

Relative Fees (Closing Costs)

Keypoint's average total fees/closing costs for a 30 year fixed rate mortgage were $5,226.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 24 $11,680,000 $486,667 $5,538 6.98%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 14 $6,370,000 $455,000 $3,585 7.22%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 5 $2,685,000 $537,000 $4,433 6.63%
STOCKTON, CA (FHA|USDA|VA) 6 $1,680,000 $280,000 $2,929 7.29%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $1,170,000 $585,000 $1,830 8.14%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 6 $1,140,000 $190,000 $1,889 7.83%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $3,499 6.38%
CHICO, CA (FHA|USDA|VA) 1 $685,000 $685,000 $5,768 8.13%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $655,000 $655,000 $3,409 6.78%
SPRINGFIELD, MO (FHA|USDA|VA) 3 $645,000 $215,000 $3,337 7.46%
Oak Harbor, WA (FHA|USDA|VA) 1 $645,000 $645,000 $5,125 6.38%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $640,000 $320,000 $4,985 6.19%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $460,000 $230,000 $5,191 6.76%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $415,000 $415,000 $4,782 7.50%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $390,000 $195,000 $3,436 7.31%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $345,000 $115,000 $4,051 6.71%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $305,000 $305,000 $4,023 7.25%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $255,000 $255,000 $4,490 6.88%
FRESNO, CA (FHA|USDA|VA) 1 $185,000 $185,000 $3,239 7.75%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $185,000 $185,000 $3,605 6.00%
COLUMBIA, SC (FHA|USDA|VA) 1 $175,000 $175,000 $5,132 7.28%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $115,000 $115,000 $3,241 5.63%
MODESTO, CA (FHA|USDA|VA) 1 $85,000 $85,000 $1,823 7.50%
Outside of Metro Areas 1 $75,000 $75,000 $2,773 6.50%
Keypoint's top markets include San Francisco, San Jose, Sacramento, Stockton, and Santa Cruz among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against KEYPOINT based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    COASTHILLS
    Similarity Rank: 45
    El Dorado Savings Bank, F.S.B.
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    MERIWEST MORTGAGE COMPANY, LLC
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    1ST UNITED SERVICES CREDIT UNION
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    San Mateo Credit Union
    Similarity Rank: 848
    SANTA CLARA COUNTY
    Similarity Rank: 976
    SACRAMENTO Credit Union
    Similarity Rank: 1068
    Provident Credit Union
    Similarity Rank: 1350
    NATIONAL COOPERATIVE BANK, N.A.
    Similarity Rank: 1560
    REDWOOD
    Similarity Rank: 1566

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 82 $32,090,000 $391,341 $4,131 7.09%

    For 2023, Keypoint's most frequently originated type of loan was Conventional, with 82 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 41 $22,145,000 $540,122 $5,671 6.80%
    Cash Out Refi 25 $5,955,000 $238,200 $3,059 7.44%
    Other 14 $2,850,000 $203,571 $1,938 7.41%
    Refi 2 $1,140,000 $570,000 $3,611 6.69%

    For 2023, Keypoint's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 51 $24,365,000 $477,745 $5,226 6.68%
    20 Year 19 $3,965,000 $208,684 $2,069 8.15%
    15 Year 7 $1,325,000 $189,286 $1,938 7.29%
    10 Year 3 $1,765,000 $588,333 $4,898 6.43%
    Other 2 $670,000 $335,000 $2,019 7.94%

    For 2023, Keypoint's most frequently cited loan duration was 30 Year, with 51 originations. The 2nd most popular length was 20 Year, with 19 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 38 $17,570,000 $462,368
    $<1k 26 $5,140,000 $197,692
    $2k-3k 8 $2,840,000 $355,000
    $5k+ 4 $2,450,000 $612,500
    $4k-5k 2 $1,190,000 $595,000
    $3k-4k 1 $685,000 $685,000

    Keypoint's average total fees were $5,226, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 38 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 33 $15,285,000 $463,182
    7-8% 26 $8,420,000 $323,846
    Over 8% 13 $3,165,000 $243,462
    5-6% 10 $5,220,000 $522,000

    During 2023, Keypoint's average interest rate for loans was 6.68%, while their most frequently originated rate bucket for loans was 6-7%, with 33 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 21 $3,145,000 $149,762 $2,927 7.20%
    $400k-600k 17 $8,275,000 $486,765 $4,853 7.02%
    $200k-400k 15 $4,105,000 $273,667 $3,783 7.40%
    $600k-1MM 13 $8,755,000 $673,462 $5,600 6.81%
    $100,000 or less 10 $730,000 $73,000 $2,229 7.41%
    $1MM+ 6 $7,080,000 $1,180,000 $8,347 6.26%

    2023 saw Keypoint place emphasis on $100k-200k loans with 21 originations, totaling $3,145,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 31 $10,065,000 $324,677 $3,946 7.25%
    $250k+ 26 $14,980,000 $576,154 $5,004 6.91%
    $100k-150k 11 $3,625,000 $329,545 $4,099 7.22%
    $75k-100k 5 $865,000 $173,000 $2,274 8.20%
    $50k-75k 4 $470,000 $117,500 $3,246 6.06%
    $50k or less 3 $475,000 $158,333 $3,156 6.21%

    Keypoint lent most frequently to those with incomes in the $150k-250k range, with 31 originations. The second most popular income band? $250k+, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 15 $4,285,000 $285,667 $4,054 6.97%
    30-36% 12 $4,170,000 $347,500 $3,476 7.55%
    38% 6 $3,380,000 $563,333 $3,964 6.75%
    40% 5 $1,635,000 $327,000 $3,980 7.33%
    43% 5 $1,145,000 $229,000 $3,153 6.75%
    44% 4 $1,310,000 $327,500 $3,292 7.19%
    49% 4 $2,400,000 $600,000 $5,177 6.72%
    36% 4 $1,530,000 $382,500 $6,722 6.50%
    50-60% 4 $1,430,000 $357,500 $3,287 7.06%
    45% 4 $1,370,000 $342,500 $4,959 6.94%
    37% 3 $395,000 $131,667 $2,483 6.96%
    41% 3 $3,535,000 $1,178,333 $9,672 6.17%
    <20% 2 $720,000 $360,000 $3,901 7.69%
    42% 2 $810,000 $405,000 $3,937 7.25%
    46% 2 $1,080,000 $540,000 $4,973 8.00%
    48% 2 $400,000 $200,000 $2,642 6.75%
    47% 1 $95,000 $95,000 $1,865 9.00%
    39% 1 $655,000 $655,000 $3,409 6.78%
    >60% 1 $135,000 $135,000 $1,876 9.50%

    Keypoint lent most frequently to those with DTI ratios of 20-30%, with 15 originations. The next most common DTI ratio? 30-36%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 34 $13,350,000 $392,647 $4,850 6.94%
    Asian 21 $9,895,000 $471,190 $4,179 7.16%
    Not provided 20 $5,630,000 $281,500 $2,962 7.34%
    Not applicable 2 $1,610,000 $805,000 $0 6.96%
    Filipino 1 $705,000 $705,000 $4,758 6.25%
    Black 2 $470,000 $235,000 $3,508 7.25%
    Asian Indian 2 $430,000 $215,000 $3,757 7.00%

    Approval Rates

    Total approvals of all applications
    99.09%

    Keypoint 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
    67.07%

    Keypoint 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 82 $32,090,000 $391,341

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    82 $32,090,000 $391,341

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $3,285,000 $365,000 $3,405 6.78%
    40-60% 9 $4,035,000 $448,333 $4,830 6.74%
    60-80% 22 $9,570,000 $435,000 $5,856 6.91%
    80-100% 15 $10,775,000 $718,333 $5,332 6.67%
    Under 20% 27 $4,425,000 $163,889 $2,057 7.70%