Graystone Funding Company Mortgage Rates, Fees & Info
SALT LAKE CITY, UTLEI: 549300L04PDEYOR8VJ60
Tax ID: 51-0488301
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Mortgage Data
Review & Overview
Graystone Funding Company is a smaller mortgage company specializing in Home Purchase loans. Graystone Funding Company has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Salt Lake City, Seattle, Ogden, Provo, and St. George among others. We have data for 35 markets. (Some data included below & more in-depth data is available with an active subscription.)Graystone Funding Company 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. Graystone Funding Company is typically an average 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 relatively high rates.
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Originations
1,483Origination Dollar Volume (All Markets)
$358,235,000Awards
GRAYSTONE FUNDING COMPANY - 2018
GRAYSTONE FUNDING COMPANY is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| SALT LAKE CITY, UT (FHA|USDA|VA) | 818 | $183,680,000 | $224,548 | $6,153 | 5.22% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 137 | $49,655,000 | $362,445 | $6,190 | 4.91% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 231 | $49,025,000 | $212,229 | $5,966 | 5.12% |
| PROVO-OREM, UT (FHA|USDA|VA) | 151 | $35,505,000 | $235,132 | $6,653 | 5.21% |
| ST. GEORGE, UT (FHA|USDA|VA) | 45 | $11,615,000 | $258,111 | $6,196 | 4.96% |
| Heber, UT (FHA|USDA|VA) | 22 | $8,010,000 | $364,091 | $10,927 | 5.23% |
| Outside of Metro Areas | 12 | $2,770,000 | $230,833 | $5,531 | 5.23% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $2,740,000 | $685,000 | $11,156 | 6.34% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 11 | $2,415,000 | $219,545 | $5,874 | 5.36% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 6 | $1,910,000 | $318,333 | $7,744 | 4.38% |
| BOISE CITY, ID (FHA|USDA|VA) | 5 | $1,475,000 | $295,000 | $5,983 | 5.05% |
| Cedar City, UT (FHA|USDA|VA) | 5 | $1,115,000 | $223,000 | $7,385 | 5.08% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $6,957 | 5.08% |
| LOGAN, UT-ID (FHA|USDA|VA) | 5 | $585,000 | $117,000 | $5,346 | 5.84% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $9,267 | 4.69% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $3,729 | 5.29% |
| Oak Harbor, WA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,410 | 4.81% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,570 | 5.50% |
| Hailey, ID (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $21,081 | 5.13% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,112 | 3.38% |
| Outside of Metro Areas | 2 | $420,000 | $210,000 | $3,527 | 4.81% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 5.38% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $8,058 | 4.63% |
| Vernal, UT (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $6,498 | 4.75% |
| Shelton, WA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,889 | 5.31% |
| Durango, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $7,324 | 4.88% |
| Centralia, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,504 | 5.13% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,228 | 4.88% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,401 | 3.88% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,580 | 3.63% |
| Astoria, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,161 | 4.88% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 3.88% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,020 | 4.75% |
| Price, UT (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $4,341 | 6.25% |
| Newport, OR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,831 | 5.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against GRAYSTONE FUNDING COMPANY 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
For 2018, Graystone Funding Company's most frequently originated type of loan was Conventional, with 1,039 originations. Their 2nd most popular type was FHA, with 359 originations.
Loan Reason
For 2018, Graystone Funding Company's most frequently cited loan purpose was Home Purchase, with 1,242 originations. The 2nd most popular reason was Refi, with 230 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,483 | $358,235,000 | $241,561 | $6,256 | 5.16% |
For 2018, Graystone Funding Company's most frequently cited loan duration was 30 Year, with 1,483 originations.
Origination Fees/Closing Costs
Graystone Funding Company's average total fees were $6,256, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 291 originations.
Interest Rates
During 2018, Graystone Funding Company's average interest rate for loans was 5.16%, while their most frequently originated rate bucket for loans was 4-5%, with 820 originations.
Loan Sizing
2018 saw Graystone Funding Company place emphasis on $200k-400k loans with 844 originations, totaling $234,770,000 in origination value.
Applicant Income
Graystone Funding Company lent most frequently to those with incomes in the $50k-75k range, with 484 originations. The second most popular income band? $50k or less, with 304 originations.
Applicant Debt to Income Ratio
Graystone Funding Company lent most frequently to those with DTI ratios of 50-60%, with 207 originations. The next most common DTI ratio? 30-36%, with 179 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.67%
Graystone Funding Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination76.13%
Graystone Funding Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $375,000 | $375,000 |
| NA | 1,482 | $357,860,000 | $241,471 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 3 | $615,000 | $205,000 |
| Single Family (1-4 Units):Site-Built | 1,480 | $357,620,000 | $241,635 |