Keypoint Mortgage Rates, Fees & Info

Santa Clara, CA

LEI: 549300DT7CCDCC7O6Z60

Tax ID: 94-2600376

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Mortgage Data

Review & 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 by origination volume include: San Jose, San Francisco, Santa Maria, Stockton, and Sacramento among others. We have data for 32 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 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% 3/28/24
30 Year Conventional Refi 5.88% 3/28/24
30 Year Cash-out Refi 6.18% 3/28/24
15 Year Conventional Purchase 5.78% 3/28/24
15 Year Conventional Refi 5.80% 3/28/24
15 Year Cash-out Refi 5.80% 3/28/24
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

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


Originations

695

Origination Dollar Volume (All Markets)

$333,435,000

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) 286 $148,390,000 $518,846 $4,173 3.02%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 239 $120,685,000 $504,958 $4,403 3.04%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 59 $23,015,000 $390,085 $4,068 3.13%
STOCKTON, CA (FHA|USDA|VA) 19 $6,985,000 $367,632 $3,745 3.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 19 $6,105,000 $321,316 $3,316 3.16%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 9 $4,365,000 $485,000 $3,767 3.13%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 5 $3,425,000 $685,000 $3,420 3.10%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 6 $2,930,000 $488,333 $3,155 3.08%
VALLEJO, CA (FHA|USDA|VA) 6 $1,900,000 $316,667 $3,150 2.94%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $1,790,000 $447,500 $6,685 3.00%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $1,465,000 $488,333 $3,841 3.05%
SALINAS, CA (FHA|USDA|VA) 2 $1,290,000 $645,000 $6,276 3.50%
Outside of Metro Areas 5 $1,125,000 $225,000 $3,047 3.20%
BOULDER, CO (FHA|USDA|VA) 2 $1,120,000 $560,000 $2,878 3.38%
Sonora, CA (FHA|USDA|VA) 4 $1,080,000 $270,000 $3,739 2.91%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $925,000 $925,000 $6,810 3.38%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $840,000 $420,000 $7,146 3.88%
Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $780,000 $390,000 $5,023 3.25%
MERCED, CA (FHA|USDA|VA) 3 $715,000 $238,333 $3,914 3.08%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $700,000 $175,000 $1,837 3.41%
MODESTO, CA (FHA|USDA|VA) 2 $520,000 $260,000 $3,164 3.43%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $480,000 $240,000 $2,899 2.38%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $415,000 $415,000 $6,456 3.88%
CHICO, CA (FHA|USDA|VA) 1 $405,000 $405,000 $2,882 3.50%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $390,000 $195,000 $2,547 2.89%
BEND, OR (FHA|USDA|VA) 1 $295,000 $295,000 $4,007 3.63%
REDDING, CA (FHA|USDA|VA) 1 $295,000 $295,000 $3,937 3.90%
Ukiah, CA (FHA|USDA|VA) 1 $245,000 $245,000 $4,715 2.38%
NAPA, CA (FHA|USDA|VA) 1 $225,000 $225,000 $4,009 2.25%
YUMA, AZ (FHA|USDA|VA) 1 $195,000 $195,000 $2,341 3.12%
MADERA, CA (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.50%
Susanville, CA (FHA|USDA|VA) 1 $165,000 $165,000 $4,649 2.99%
Keypoint's top markets include San Jose, San Francisco, Santa Maria, Stockton, and Sacramento among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 652 $325,690,000 $499,525 $4,174 3.02%
    HELOC 43 $7,745,000 $180,116 n/a 3.51%

    For 2020, Keypoint's most frequently originated type of loan was Conventional, with 652 originations. Their 2nd most popular type was HELOC, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 415 $204,575,000 $492,952 $3,876 2.94%
    Cash Out Refi 194 $94,280,000 $485,979 $4,230 3.19%
    Home Purchase 50 $28,450,000 $569,000 $6,429 3.16%
    Other 36 $6,130,000 $170,278 $0 3.44%

    For 2020, Keypoint's most frequently cited loan purpose was Refi, with 415 originations. The 2nd most popular reason was Cash Out Refi, with 194 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 446 $234,100,000 $524,888 $4,558 3.21%
    20 Year 130 $55,870,000 $429,769 $3,437 2.91%
    15 Year 98 $36,970,000 $377,245 $3,803 2.62%
    10 Year 20 $6,060,000 $303,000 $3,025 2.66%
    Other 1 $435,000 $435,000 $3,367 3.25%

    For 2020, Keypoint's most frequently cited loan duration was 30 Year, with 446 originations. The 2nd most popular length was 20 Year, with 130 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 400 $196,710,000 $491,775
    $1k-2k 68 $24,970,000 $367,206
    $2k-3k 65 $30,435,000 $468,231
    $5k+ 61 $40,475,000 $663,525
    $3k-4k 29 $15,405,000 $531,207
    $4k-5k 28 $17,190,000 $613,929

    Keypoint's average total fees were $4,558, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 400 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 302 $149,890,000 $496,325
    3-4% 301 $148,185,000 $492,309
    <2.5% 80 $30,610,000 $382,625
    4-5% 7 $4,235,000 $605,000
    5-6% 4 $470,000 $117,500
    6-7% 1 $45,000 $45,000

    During 2020, Keypoint's average interest rate for loans was 3.21%, while their most frequently originated rate bucket for loans was 2.5-3%, with 302 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 216 $106,360,000 $492,407 $3,871 3.01%
    $200k-400k 215 $65,505,000 $304,674 $3,374 3.00%
    $600k-1MM 172 $124,830,000 $725,756 $5,493 3.08%
    $100k-200k 53 $7,965,000 $150,283 $2,936 3.07%
    $1MM+ 21 $27,585,000 $1,313,571 $6,958 3.21%
    $100,000 or less 18 $1,190,000 $66,111 $2,422 3.74%

    2020 saw Keypoint place emphasis on $400k-600k loans with 216 originations, totaling $106,360,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 304 $155,440,000 $511,316 $4,308 3.02%
    $100k-150k 177 $72,265,000 $408,277 $3,749 3.04%
    $250k+ 115 $76,745,000 $667,348 $5,132 3.09%
    $75k-100k 53 $18,025,000 $340,094 $3,499 3.05%
    $50k-75k 34 $8,990,000 $264,412 $3,468 3.15%
    $50k or less 12 $1,970,000 $164,167 $3,163 3.39%

    Keypoint lent most frequently to those with incomes in the $150k-250k range, with 304 originations. The second most popular income band? $100k-150k, with 177 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 205 $102,375,000 $499,390 $4,433 3.00%
    30-36% 123 $59,595,000 $484,512 $3,818 3.03%
    <20% 66 $24,210,000 $366,818 $3,269 2.92%
    39% 27 $15,395,000 $570,185 $4,130 3.14%
    36% 24 $14,750,000 $614,583 $3,998 2.95%
    40% 24 $10,820,000 $450,833 $5,638 2.98%
    37% 24 $12,640,000 $526,667 $4,429 3.24%
    42% 21 $8,845,000 $421,190 $4,212 3.27%
    49% 21 $8,055,000 $383,571 $4,109 3.28%
    43% 20 $9,320,000 $466,000 $4,998 3.17%
    44% 20 $8,640,000 $432,000 $4,021 3.13%
    41% 20 $8,840,000 $442,000 $3,507 3.06%
    48% 17 $8,095,000 $476,176 $3,686 3.17%
    45% 17 $8,595,000 $505,588 $4,722 3.08%
    38% 16 $8,370,000 $523,125 $4,543 3.08%
    47% 12 $4,510,000 $375,833 $3,933 3.15%
    46% 12 $7,650,000 $637,500 $4,669 3.07%
    50-60% 3 $2,795,000 $931,667 $11,089 3.50%
    >60% 1 $465,000 $465,000 $8,946 2.87%

    Keypoint lent most frequently to those with DTI ratios of 20-30%, with 205 originations. The next most common DTI ratio? 30-36%, with 123 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 305 $145,365,000 $476,607 $4,269 3.10%
    Asian 245 $123,715,000 $504,959 $4,070 2.97%
    Not provided 109 $48,615,000 $446,009 $4,053 3.09%
    Black 15 $6,165,000 $411,000 $4,047 3.03%
    American Indian 8 $3,090,000 $386,250 $4,844 3.28%
    Asian Indian 6 $2,560,000 $426,667 $4,588 2.94%
    Native Hawaiian or Islander 4 $2,370,000 $592,500 $5,489 2.98%
    Filipino 1 $1,095,000 $1,095,000 $5,166 3.38%
    Other Asian 1 $305,000 $305,000 $2,812 2.50%
    Chinese 1 $155,000 $155,000 $0 3.25%

    Approval Rates

    Total approvals of all applications
    98.68%

    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
    61.15%

    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 695 $333,435,000 $479,763

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $165,000 $165,000
    Single Family (1-4 Units):Site-Built 694 $333,270,000 $480,216

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 174 $66,580,000 $382,644 $3,535 2.91%
    40-60% 197 $102,315,000 $519,365 $4,109 2.99%
    60-80% 208 $125,930,000 $605,433 $4,791 3.15%
    80-100% 28 $16,660,000 $595,000 $5,722 3.18%
    Under 20% 66 $12,480,000 $189,091 $3,201 3.23%