Keypoint Mortgage Rates, Fees & Info

Santa Clara, CA

LEI: 549300DT7CCDCC7O6Z60

Tax ID: 94-2600376

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Keypoint is a smaller mortgage company specializing in Cash Out Refi, Home Purchase, and Refi loans. Keypoint has a high proportion of conventional loans. Their top markets by origination volume include: San Jose, San Francisco, Santa Maria, Santa Cruz, and Sacramento among others. We have data for 15 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 an above average pick rate when compared to similar lenders. Keypoint is typically a low 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 about average 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% 11/22/24
    30 Year Conventional Refi 5.88% 11/22/24
    30 Year Cash-out Refi 6.18% 11/22/24
    15 Year Conventional Purchase 5.78% 11/22/24
    15 Year Conventional Refi 5.80% 11/22/24
    15 Year Cash-out Refi 5.80% 11/22/24
    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

    202

    Origination Dollar Volume (All Markets)

    $95,780,000
    Show all (5) awards

    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 JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 83 $42,815,000 $515,843 $2,939 4.27%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 66 $37,640,000 $570,303 $3,296 4.54%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 16 $3,970,000 $248,125 $2,388 4.67%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 7 $2,915,000 $416,429 $2,714 4.72%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 10 $2,700,000 $270,000 $3,477 4.54%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $1,790,000 $447,500 $3,866 4.92%
    STOCKTON, CA (FHA|USDA|VA) 5 $1,125,000 $225,000 $2,287 4.95%
    SALINAS, CA (FHA|USDA|VA) 1 $555,000 $555,000 $2,408 3.75%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $435,000 $435,000 $2,702 5.00%
    Sonora, CA (FHA|USDA|VA) 2 $420,000 $210,000 $3,066 3.95%
    VALLEJO, CA (FHA|USDA|VA) 1 $385,000 $385,000 $1,769 4.38%
    Outside of Metro Areas 2 $330,000 $165,000 $1,519 5.51%
    FRESNO, CA (FHA|USDA|VA) 2 $300,000 $150,000 $4,538 4.50%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $255,000 $255,000 $4,265 5.00%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $145,000 $145,000 $3,774 4.25%
    Keypoint's top markets include San Jose, San Francisco, Santa Maria, Santa Cruz, and Sacramento among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (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.

    SANTA CLARA COUNTY
    Similarity Rank: 20
    Montecito Bank & Trust
    Similarity Rank: 90
    American Interbanc Mortgage
    Similarity Rank: 112
    COASTHILLS
    Similarity Rank: 136
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 216
    Resource Lenders Inc.
    Similarity Rank: 242
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 544
    SAN FRANCISCO FEDERAL CREDIT UNION
    Similarity Rank: 810
    Constant Investments, Inc.
    Similarity Rank: 822
    Schools Financial Credit Union
    Similarity Rank: 910

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 202 $95,780,000 $474,158 $3,030 4.47%

    For 2018, Keypoint's most frequently originated type of loan was Conventional, with 202 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 86 $37,310,000 $433,837 $2,619 4.61%
    Home Purchase 68 $33,040,000 $485,882 $3,577 4.71%
    Refi 48 $25,430,000 $529,792 $2,975 3.86%

    For 2018, Keypoint's most frequently cited loan purpose was Cash Out Refi, with 86 originations. The 2nd most popular reason was Home Purchase, with 68 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 144 $85,660,000 $594,861 $3,519 4.19%
    15 Year 45 $7,935,000 $176,333 $1,684 5.19%
    20 Year 9 $2,015,000 $223,889 $1,478 5.06%
    10 Year 4 $170,000 $42,500 $108 5.00%

    For 2018, Keypoint's most frequently cited loan duration was 30 Year, with 144 originations. The 2nd most popular length was 15 Year, with 45 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 161 $78,435,000 $487,174
    $2k-3k 12 $5,180,000 $431,667
    $1k-2k 8 $3,350,000 $418,750
    $5k+ 6 $5,580,000 $930,000
    $4k-5k 4 $1,940,000 $485,000
    $3k-4k 1 $185,000 $185,000

    Keypoint's average total fees were $3,519, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 161 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 81 $48,625,000 $600,309
    4-5% 75 $39,475,000 $526,333
    5-6% 24 $5,090,000 $212,083
    6-7% 19 $2,065,000 $108,684
    2.5-3% 2 $390,000 $195,000
    7-8% 1 $135,000 $135,000

    During 2018, Keypoint's average interest rate for loans was 4.19%, while their most frequently originated rate bucket for loans was 3-4%, with 81 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 49 $37,645,000 $768,265 $3,874 4.01%
    $200k-400k 48 $14,730,000 $306,875 $2,563 4.36%
    $400k-600k 37 $17,585,000 $475,270 $3,138 4.16%
    $100k-200k 30 $4,260,000 $142,000 $2,024 5.04%
    $100,000 or less 22 $1,400,000 $63,636 $562 5.78%
    $1MM+ 16 $20,160,000 $1,260,000 $5,605 4.03%

    2018 saw Keypoint place emphasis on $600k-1MM loans with 49 originations, totaling $37,645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 81 $41,245,000 $509,198 $3,106 4.48%
    $100k-150k 51 $20,425,000 $400,490 $2,796 4.46%
    $250k+ 40 $26,600,000 $665,000 $3,494 4.72%
    $75k-100k 16 $3,770,000 $235,625 $2,440 4.48%
    $50k-75k 11 $3,345,000 $304,091 $2,669 3.73%
    $50k or less 3 $395,000 $131,667 $3,234 3.54%

    Keypoint lent most frequently to those with incomes in the $150k-250k range, with 81 originations. The second most popular income band? $100k-150k, with 51 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 35 $13,475,000 $385,000 $3,047 4.38%
    30-36% 32 $15,710,000 $490,938 $3,241 4.85%
    43% 13 $5,685,000 $437,308 $2,858 4.52%
    40% 13 $7,125,000 $548,077 $2,758 4.45%
    41% 11 $6,905,000 $627,727 $2,765 4.32%
    42% 11 $6,355,000 $577,727 $3,237 4.36%
    <20% 10 $2,760,000 $276,000 $2,081 4.04%
    36% 10 $4,390,000 $439,000 $2,906 4.81%
    37% 10 $5,160,000 $516,000 $3,869 3.94%
    38% 10 $3,960,000 $396,000 $2,613 4.41%
    45% 9 $4,045,000 $449,444 $2,140 4.00%
    44% 8 $4,180,000 $522,500 $4,423 4.81%
    39% 8 $2,870,000 $358,750 $3,156 5.02%
    49% 7 $3,995,000 $570,714 $2,937 4.25%
    47% 7 $4,335,000 $619,286 $3,918 4.36%
    46% 4 $1,610,000 $402,500 $2,303 4.87%
    48% 4 $3,220,000 $805,000 $3,273 3.86%

    Keypoint lent most frequently to those with DTI ratios of 20-30%, with 35 originations. The next most common DTI ratio? 30-36%, with 32 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 92 $48,280,000 $524,783 $3,023 4.37%
    White 91 $39,465,000 $433,681 $3,072 4.61%
    Black 8 $3,060,000 $382,500 $2,764 4.48%
    American Indian 4 $2,120,000 $530,000 $2,839 4.22%
    Not provided 3 $1,045,000 $348,333 $2,541 4.13%
    Asian Indian 2 $960,000 $480,000 $4,160 4.01%
    Native Hawaiian or Islander 2 $850,000 $425,000 $2,387 3.95%

    Approval Rates

    Total approvals of all applications
    96.67%

    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
    99.50%

    Keypoint has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 202 $95,780,000 $474,158

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 202 $95,780,000 $474,158

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 33 $12,685,000 $384,394 $2,644 4.06%
    40-60% 34 $20,360,000 $598,824 $3,284 4.41%
    60-80% 60 $37,240,000 $620,667 $3,552 4.06%
    80-100% 23 $17,865,000 $776,739 $5,148 4.14%
    Under 20% 52 $7,630,000 $146,731 $1,168 5.39%