Keypoint Mortgage Rates, Fees & Info
Santa Clara, CALEI: 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.
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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. | ||
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Originations
695Origination Dollar Volume (All Markets)
$333,435,000Top 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% |
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.
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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
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
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
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
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
2020 saw Keypoint place emphasis on $400k-600k loans with 216 originations, totaling $106,360,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications98.68%
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 origination61.15%
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 |