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 and Refi loans. Keypoint has a high proportion of conventional loans. Their top markets by origination volume include: San Jose, San Francisco, Santa Maria, Sacramento, and Stockton among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Keypoint has an 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% 11/17/24
    30 Year Conventional Refi 5.88% 11/17/24
    30 Year Cash-out Refi 6.18% 11/17/24
    15 Year Conventional Purchase 5.78% 11/17/24
    15 Year Conventional Refi 5.80% 11/17/24
    15 Year Cash-out Refi 5.80% 11/17/24
    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

    581

    Origination Dollar Volume (All Markets)

    $237,815,000
    Show all (7) 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) 262 $113,270,000 $432,328 $3,559 3.91%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 168 $79,860,000 $475,357 $3,680 3.92%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 64 $16,210,000 $253,281 $3,439 4.25%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 22 $6,110,000 $277,727 $3,500 3.69%
    STOCKTON, CA (FHA|USDA|VA) 17 $5,755,000 $338,529 $2,784 3.74%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 8 $4,480,000 $560,000 $3,546 3.85%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 7 $1,865,000 $266,429 $3,203 5.25%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $1,750,000 $875,000 $4,264 3.50%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 7 $1,605,000 $229,286 $2,798 3.46%
    BEND, OR (FHA|USDA|VA) 2 $1,100,000 $550,000 $4,922 3.81%
    VALLEJO, CA (FHA|USDA|VA) 3 $915,000 $305,000 $2,764 3.58%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $845,000 $281,667 $3,358 4.33%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $675,000 $675,000 $4,090 4.03%
    MODESTO, CA (FHA|USDA|VA) 4 $640,000 $160,000 $2,204 4.41%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $545,000 $545,000 $4,514 3.65%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $395,000 $395,000 $3,090 4.40%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $355,000 $355,000 $7,378 3.00%
    SALINAS, CA (FHA|USDA|VA) 2 $350,000 $175,000 $1,641 4.25%
    FRESNO, CA (FHA|USDA|VA) 2 $320,000 $160,000 $3,605 3.76%
    NAPA, CA (FHA|USDA|VA) 1 $285,000 $285,000 $2,802 3.50%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $255,000 $255,000 $3,515 3.50%
    Outside of Metro Areas 2 $230,000 $115,000 $2,784 3.38%
    Keypoint's top markets include San Jose, San Francisco, Santa Maria, Sacramento, and Stockton among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (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.

    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 318
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 368
    COASTHILLS
    Similarity Rank: 378
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 546
    EXCITE Credit Union
    Similarity Rank: 817
    CommonWealth Central Credit Union
    Similarity Rank: 840
    Ukrainian Federal Credit Union
    Similarity Rank: 864
    SACRAMENTO Credit Union
    Similarity Rank: 1020
    Schools Financial Credit Union
    Similarity Rank: 1020
    BANK OF SAN FRANCISCO
    Similarity Rank: 1228

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 395 $207,325,000 $524,873 $3,545 3.77%
    HELOC 186 $30,490,000 $163,925 n/a 4.32%

    For 2019, Keypoint's most frequently originated type of loan was Conventional, with 395 originations. Their 2nd most popular type was HELOC, with 186 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 228 $96,070,000 $421,360 $3,520 4.05%
    Refi 168 $85,840,000 $510,952 $3,238 3.57%
    Other 121 $20,205,000 $166,983 $0 4.15%
    Home Purchase 63 $35,545,000 $564,206 $4,424 4.16%
    Home Improvement 1 $155,000 $155,000 $0 4.00%

    For 2019, Keypoint's most frequently cited loan purpose was Cash Out Refi, with 228 originations. The 2nd most popular reason was Refi, with 168 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 477 $203,735,000 $427,117 $3,761 4.01%
    20 Year 54 $20,550,000 $380,556 $3,183 3.39%
    15 Year 40 $11,690,000 $292,250 $2,724 4.00%
    10 Year 10 $1,840,000 $184,000 $2,479 3.83%

    For 2019, Keypoint's most frequently cited loan duration was 30 Year, with 477 originations. The 2nd most popular length was 20 Year, with 54 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 302 $154,590,000 $511,887
    $1k-2k 36 $16,710,000 $464,167
    $2k-3k 21 $11,485,000 $546,905
    $5k+ 16 $12,380,000 $773,750
    $3k-4k 13 $7,345,000 $565,000
    $4k-5k 6 $4,420,000 $736,667

    Keypoint's average total fees were $3,761, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 302 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 383 $171,275,000 $447,193
    4-5% 73 $34,195,000 $468,425
    5-6% 71 $10,885,000 $153,310
    2.5-3% 44 $20,370,000 $462,955
    6-7% 7 $805,000 $115,000
    7-8% 3 $285,000 $95,000

    During 2019, Keypoint's average interest rate for loans was 4.01%, while their most frequently originated rate bucket for loans was 3-4%, with 383 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 163 $46,675,000 $286,350 $3,161 3.80%
    $400k-600k 128 $61,300,000 $478,906 $3,432 3.70%
    $600k-1MM 121 $90,605,000 $748,802 $4,031 3.75%
    $100k-200k 88 $12,060,000 $137,045 $2,428 4.19%
    $100,000 or less 62 $3,660,000 $59,032 $1,281 4.97%
    $1MM+ 19 $23,515,000 $1,237,632 $6,070 3.53%

    2019 saw Keypoint place emphasis on $200k-400k loans with 163 originations, totaling $46,675,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 253 $106,925,000 $422,628 $3,561 3.92%
    $100k-150k 137 $47,235,000 $344,781 $3,407 3.98%
    $250k+ 116 $64,720,000 $557,931 $4,108 3.98%
    $75k-100k 47 $13,165,000 $280,106 $3,153 3.89%
    $50k-75k 17 $4,405,000 $259,118 $3,061 3.90%
    $50k or less 11 $1,365,000 $124,091 $2,647 3.97%

    Keypoint lent most frequently to those with incomes in the $150k-250k range, with 253 originations. The second most popular income band? $100k-150k, with 137 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 110 $45,550,000 $414,091 $3,290 3.74%
    30-36% 82 $34,170,000 $416,707 $3,653 3.92%
    <20% 25 $9,055,000 $362,200 $3,693 3.44%
    48% 23 $6,715,000 $291,957 $3,461 3.89%
    38% 21 $7,595,000 $361,667 $2,976 3.79%
    36% 20 $10,590,000 $529,500 $3,228 3.78%
    42% 19 $5,555,000 $292,368 $3,352 4.03%
    47% 18 $6,510,000 $361,667 $4,725 4.11%
    37% 18 $6,680,000 $371,111 $3,221 3.98%
    40% 18 $6,900,000 $383,333 $3,749 4.13%
    41% 15 $7,155,000 $477,000 $4,455 4.18%
    39% 15 $6,635,000 $442,333 $4,236 3.87%
    44% 15 $5,095,000 $339,667 $4,081 3.71%
    49% 14 $3,200,000 $228,571 $2,398 4.22%
    45% 11 $2,835,000 $257,727 $3,067 3.68%
    43% 11 $3,445,000 $313,182 $3,303 4.49%
    46% 10 $3,530,000 $353,000 $3,076 3.56%
    50-60% 4 $1,690,000 $422,500 $2,610 3.97%

    Keypoint lent most frequently to those with DTI ratios of 20-30%, with 110 originations. The next most common DTI ratio? 30-36%, with 82 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 320 $122,330,000 $382,281 $3,445 4.01%
    Asian 202 $96,100,000 $475,743 $3,772 3.82%
    Not provided 39 $14,115,000 $361,923 $3,142 4.02%
    Asian Indian 8 $1,690,000 $211,250 $2,993 4.02%
    Black 6 $1,460,000 $243,333 $2,617 3.98%
    American Indian 2 $1,020,000 $510,000 $3,583 3.69%
    Native Hawaiian or Islander 1 $665,000 $665,000 $3,903 4.38%
    Other Asian 2 $410,000 $205,000 $0 3.88%
    Filipino 1 $25,000 $25,000 $0 5.25%

    Approval Rates

    Total approvals of all applications
    88.50%

    Keypoint has an average approval rate.

    Pick Rate

    Approvals leading to origination
    99.31%

    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 581 $237,815,000 $409,320

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $255,000 $255,000
    Single Family (1-4 Units):Site-Built 580 $237,560,000 $409,586

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 101 $32,345,000 $320,248 $3,277 3.62%
    40-60% 85 $45,855,000 $539,471 $3,585 3.62%
    60-80% 111 $64,435,000 $580,495 $3,652 3.76%
    80-100% 21 $11,675,000 $555,952 $4,433 3.69%
    Under 20% 131 $18,595,000 $141,947 $2,030 4.33%