Keypoint Mortgage Rates, Fees & Info
Santa Clara, CALEI: 549300DT7CCDCC7O6Z60
Tax ID: 94-2600376
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Keypoint is a smaller mortgage company specializing in Refi and Cash Out Refi loans. Keypoint has a high proportion of conventional loans. Their top markets include San Jose, San Francisco, Santa Maria, Stockton, and Los Angeles among others. Keypoint has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Keypoint is typically an average fee lendor.Originations
736Origination Dollar Volume (All Markets)
$339,350,000Awards
KEYPOINT - 2021
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For 2021, less than of lenders were eligible for this award.
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Relative Rate
Keypoint's average 30 year fixed rate mortgage of loans were
2.97%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.18%.
Relative Fees
Keypoint's average total fees for a 30 year fixed rate
mortgage are $5,193.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 253 | $132,125,000 | $522,233 | $5,252 | 2.84% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 205 | $105,065,000 | $512,512 | $5,271 | 2.92% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 123 | $42,715,000 | $347,276 | $3,788 | 2.90% |
| STOCKTON, CA (FHA|USDA|VA) | 23 | $8,725,000 | $379,348 | $3,586 | 2.99% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 13 | $8,135,000 | $625,769 | $4,890 | 2.93% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 16 | $7,570,000 | $473,125 | $5,802 | 2.99% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 15 | $6,695,000 | $446,333 | $5,341 | 3.11% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 10 | $3,040,000 | $304,000 | $4,032 | 2.95% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 5 | $2,655,000 | $531,000 | $4,577 | 2.98% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 8 | $2,180,000 | $272,500 | $5,325 | 3.20% |
| VALLEJO, CA (FHA|USDA|VA) | 4 | $1,700,000 | $425,000 | $4,059 | 3.09% |
| MERCED, CA (FHA|USDA|VA) | 4 | $1,280,000 | $320,000 | $4,133 | 3.18% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $5,905 | 3.26% |
| RENO, NV (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $5,498 | 2.75% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $5,613 | 2.83% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $3,321 | 3.06% |
| Outside of Metro Areas | 4 | $940,000 | $235,000 | $2,647 | 2.88% |
| MODESTO, CA (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $3,149 | 2.81% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $3,298 | 2.88% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $3,340 | 2.95% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $4,104 | 2.63% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $3,189 | 3.13% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $7,180 | 3.25% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $5,744 | 3.13% |
| BEND, OR (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $5,777 | 3.25% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $3,717 | 3.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $6,401 | 3.13% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,090 | 3.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,402 | 2.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,747 | 3.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,913 | 3.63% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,507 | 3.38% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,857 | 3.15% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,851 | 2.90% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,630 | 2.99% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,027 | 3.38% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,313 | 3.38% |
| Sonora, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,363 | 3.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,594 | 3.63% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,041 | 3.63% |
| Burley, ID (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,699 | 2.88% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,347 | 2.50% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,938 | 2.15% |
| MADERA, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 2.75% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,451 | 3.24% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,714 | 3.63% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 2.75% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 2.75% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,890 | 3.00% |
Keypoint's top markets include San Jose, San Francisco, Santa Maria, Stockton, and Los Angeles among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 736 | $339,350,000 | $461,073 | $4,883 | 2.91% |
For the 2021 period, Keypoint's most frequently originated loan type of loans were Conventional, with 736 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 257 | $149,475,000 | $581,615 | $4,359 | 2.80% |
| Home Improvement | 196 | $40,370,000 | $205,969 | $0 | 2.83% |
| Cash Out Refi | 150 | $80,930,000 | $539,533 | $5,071 | 3.04% |
| Home Purchase | 98 | $61,210,000 | $624,592 | $5,880 | 3.15% |
| Other | 35 | $7,365,000 | $210,429 | $0 | 2.93% |
For the 2021, Keypoint's most frequently cited loan purpose of loans were Refi, with 257 originations. The 2nd most popular reason of loans were Home Improvement, with 196 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 622 | $297,230,000 | $477,862 | $5,193 | 2.97% |
| 15 Year | 81 | $29,315,000 | $361,914 | $3,468 | 2.51% |
| 20 Year | 29 | $11,175,000 | $385,345 | $4,906 | 2.94% |
| 10 Year | 2 | $270,000 | $135,000 | $4,270 | 2.19% |
| Other | 2 | $1,360,000 | $680,000 | $0 | 2.63% |
For the 2021, Keypoint's most frequently cited loan length of loans were 30 Year, with 622 originations. The 2nd most popular length of loans were 15 Year, with 81 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 267 | $149,545,000 | $560,094 |
| $<1k | 79 | $48,765,000 | $617,278 |
| $3k-4k | 47 | $24,995,000 | $531,809 |
| $2k-3k | 45 | $23,035,000 | $511,889 |
| $5k+ | 45 | $38,035,000 | $845,222 |
$5,193 of loans were Keypoint's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 267 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 457 | $196,815,000 | $430,667 |
| 3-4% | 181 | $105,455,000 | $582,624 |
| <2.5% | 92 | $35,700,000 | $388,043 |
| 5-6% | 4 | $950,000 | $237,500 |
| 4-5% | 2 | $430,000 | $215,000 |
During 2021, Keypoint's average interest rate of loans were 2.97%, while their most frequently originated rate bucket of loans were 2.5-3%, with 457 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 234 | $67,010,000 | $286,368 | $3,828 | 2.87% |
| $400k-600k | 143 | $70,155,000 | $490,594 | $4,264 | 2.91% |
| $600k-1MM | 142 | $110,450,000 | $777,817 | $5,296 | 3.00% |
| $100k-200k | 122 | $16,680,000 | $136,721 | $3,017 | 2.87% |
| $1MM+ | 58 | $72,660,000 | $1,252,759 | $8,682 | 2.96% |
| $100,000 or less | 37 | $2,395,000 | $64,730 | $3,186 | 2.87% |
2021 saw Keypoint place emphasis on $200k-400k loans with 234 originations, totaling $67,010,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 283 | $137,445,000 | $485,671 | $5,244 | 2.91% |
| $250k+ | 209 | $121,865,000 | $583,086 | $5,921 | 2.90% |
| $100k-150k | 137 | $50,335,000 | $367,409 | $4,231 | 2.92% |
| $75k-100k | 44 | $14,180,000 | $322,273 | $3,323 | 2.90% |
| $50k-75k | 40 | $8,950,000 | $223,750 | $3,292 | 2.94% |
| $50k or less | 17 | $2,595,000 | $152,647 | $3,526 | 3.00% |
Keypoint lent most frequently to those with incomes in the $150k-250k range, with 283 originations. The second most popular income band? $250k+, with 209 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 152 | $70,810,000 | $465,855 | $5,051 | 2.89% |
| 30-36% | 133 | $66,865,000 | $502,744 | $5,372 | 2.89% |
| <20% | 54 | $21,510,000 | $398,333 | $4,140 | 2.73% |
| 43% | 36 | $17,540,000 | $487,222 | $5,213 | 3.04% |
| 41% | 31 | $13,655,000 | $440,484 | $4,544 | 2.94% |
| 38% | 29 | $13,865,000 | $478,103 | $4,241 | 3.11% |
| 37% | 28 | $11,840,000 | $422,857 | $6,088 | 2.95% |
| 47% | 27 | $10,925,000 | $404,630 | $3,832 | 2.87% |
| 42% | 25 | $8,235,000 | $329,400 | $3,829 | 2.86% |
| 39% | 23 | $12,155,000 | $528,478 | $9,085 | 2.87% |
| 36% | 21 | $9,985,000 | $475,476 | $5,469 | 3.04% |
| 44% | 20 | $10,210,000 | $510,500 | $5,156 | 2.88% |
| 45% | 18 | $8,280,000 | $460,000 | $4,620 | 2.96% |
| 46% | 16 | $8,540,000 | $533,750 | $5,310 | 2.89% |
| 48% | 15 | $9,535,000 | $635,667 | $4,743 | 3.16% |
| 49% | 12 | $6,820,000 | $568,333 | $5,120 | 3.00% |
| 50-60% | 10 | $4,870,000 | $487,000 | $4,903 | 3.07% |
| 40% | 8 | $3,890,000 | $486,250 | $4,452 | 2.94% |
Keypoint lent most frequently to those with DTI ratios of 20-30%, with 152 originations. The next most common DTI ratio? 30-36%, with 133 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 347 | $144,915,000 | $417,622 | $5,202 | 2.89% |
| Asian | 215 | $113,075,000 | $525,930 | $4,756 | 2.90% |
| Not provided | 132 | $62,860,000 | $476,212 | $4,438 | 2.96% |
| Asian Indian | 15 | $7,425,000 | $495,000 | $4,231 | 2.91% |
| Black | 12 | $6,200,000 | $516,667 | $5,569 | 3.00% |
| Korean | 1 | $1,115,000 | $1,115,000 | $9,295 | 3.00% |
| Native Hawaiian | 2 | $920,000 | $460,000 | $4,540 | 2.69% |
| Filipino | 2 | $800,000 | $400,000 | $3,394 | 2.94% |
| Chinese | 2 | $680,000 | $340,000 | $8,809 | 3.19% |
| Other Asian | 2 | $570,000 | $285,000 | $3,060 | 2.81% |
| American Indian | 4 | $480,000 | $120,000 | $3,071 | 3.19% |
| Not applicable | 1 | $205,000 | $205,000 | $0 | 3.00% |
| Vietnamese | 1 | $105,000 | $105,000 | $0 | 2.75% |
Approval Rates
Total approvals of all applications93.03%
Keypoint has an average approval rate.
Pick Rate
Approvals leading to origination79.18%
Keypoint has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 736 | $339,350,000 | $461,073 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 736 | $339,350,000 | $461,073 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 135 | $58,285,000 | $431,741 | $3,810 | 2.85% |
| 40-60% | 127 | $83,055,000 | $653,976 | $4,981 | 2.94% |
| 60-80% | 133 | $98,505,000 | $740,639 | $6,083 | 3.04% |
| 80-100% | 43 | $28,495,000 | $662,674 | $5,809 | 3.12% |
| Under 20% | 220 | $41,190,000 | $187,227 | $3,305 | 2.83% |
