Graystone Funding Company Mortgage Rates, Fees & Info

SALT LAKE CITY, UT

LEI: 549300L04PDEYOR8VJ60

Tax ID: 51-0488301

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Graystone Funding Company is a smaller mortgage company specializing in Home Purchase and Refi 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, Ogden, Seattle, Provo, and Denver among others. We have data for 49 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 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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    Originations

    1,039

    Origination Dollar Volume (All Markets)

    $279,595,000

    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
    SALT LAKE CITY, UT (FHA|USDA|VA) 395 $103,495,000 $262,013 $6,308 4.64%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 268 $68,010,000 $253,769 $6,782 4.52%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 94 $37,720,000 $401,277 $7,268 4.47%
    PROVO-OREM, UT (FHA|USDA|VA) 90 $20,580,000 $228,667 $5,966 5.12%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 43 $12,165,000 $282,907 $7,747 4.59%
    ST. GEORGE, UT (FHA|USDA|VA) 38 $9,500,000 $250,000 $6,296 4.24%
    Outside of Metro Areas 21 $3,185,000 $151,667 $3,531 2.81%
    Heber, UT (FHA|USDA|VA) 6 $1,790,000 $298,333 $5,572 4.58%
    GREELEY, CO (FHA|USDA|VA) 6 $1,650,000 $275,000 $7,049 4.46%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 7 $1,495,000 $213,571 $8,325 4.73%
    Hailey, ID (FHA|USDA|VA) 1 $1,425,000 $1,425,000 $22,061 4.25%
    LOGAN, UT-ID (FHA|USDA|VA) 6 $1,350,000 $225,000 $6,374 4.19%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $1,230,000 $615,000 $15,749 4.06%
    Centralia, WA (FHA|USDA|VA) 6 $1,140,000 $190,000 $4,611 3.08%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,090,000 $545,000 $10,509 3.88%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $1,050,000 $525,000 $15,762 4.38%
    Evanston, WY (FHA|USDA|VA) 5 $885,000 $177,000 $8,762 4.30%
    BOISE CITY, ID (FHA|USDA|VA) 3 $785,000 $261,667 $5,103 4.04%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $640,000 $320,000 $0 3.88%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $630,000 $315,000 $4,693 4.38%
    Price, UT (FHA|USDA|VA) 6 $590,000 $98,333 $3,547 5.04%
    Oak Harbor, WA (FHA|USDA|VA) 2 $570,000 $285,000 $4,289 3.56%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $540,000 $270,000 $6,956 5.25%
    WENATCHEE, WA (FHA|USDA|VA) 2 $540,000 $270,000 $4,516 4.50%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $510,000 $255,000 $4,919 5.81%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $500,000 $250,000 $5,253 4.13%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $485,000 $485,000 $4,634 4.13%
    YAKIMA, WA (FHA|USDA|VA) 1 $475,000 $475,000 $16,655 3.88%
    Rock Springs, WY (FHA|USDA|VA) 2 $460,000 $230,000 $7,480 4.19%
    Aberdeen, WA (FHA|USDA|VA) 1 $415,000 $415,000 $0 6.25%
    STOCKTON, CA (FHA|USDA|VA) 1 $395,000 $395,000 $5,347 3.50%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $395,000 $395,000 $15,867 3.75%
    Port Angeles, WA (FHA|USDA|VA) 1 $335,000 $335,000 $4,725 4.63%
    BEND, OR (FHA|USDA|VA) 1 $325,000 $325,000 $9,913 4.50%
    BOULDER, CO (FHA|USDA|VA) 1 $315,000 $315,000 $7,759 5.50%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $295,000 $295,000 $3,433 4.38%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $275,000 $275,000 $7,146 4.63%
    Ellensburg, WA (FHA|USDA|VA) 1 $265,000 $265,000 $8,498 4.50%
    BILLINGS, MT (FHA|USDA|VA) 1 $255,000 $255,000 $6,465 4.75%
    POCATELLO, ID (FHA|USDA|VA) 1 $235,000 $235,000 $7,730 4.75%
    Helena, MT (FHA|USDA|VA) 1 $225,000 $225,000 $11,404 5.25%
    Jackson, WY-ID (FHA|USDA|VA) 1 $225,000 $225,000 $5,706 5.25%
    BELLINGHAM, WA (FHA|USDA|VA) 1 $195,000 $195,000 $7,362 4.63%
    Shelton, WA (FHA|USDA|VA) 1 $175,000 $175,000 $6,308 4.25%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $175,000 $175,000 $5,728 4.88%
    IDAHO FALLS, ID (FHA|USDA|VA) 1 $165,000 $165,000 $5,527 4.50%
    Roseburg, OR (FHA|USDA|VA) 1 $155,000 $155,000 $5,095 5.00%
    Cedar City, UT (FHA|USDA|VA) 1 $155,000 $155,000 $4,865 4.25%
    Vernal, UT (FHA|USDA|VA) 1 $135,000 $135,000 $3,559 4.00%
    Graystone Funding Company's top markets include Salt Lake City, Ogden, Seattle, Provo, and Denver among others.

    Their top states include:
  • Utah (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)

    • 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.

    State Bank of Southern Utah
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    LGE COMMUNITY
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 740 $195,370,000 $264,014 $5,015 4.56%
    FHA 247 $66,475,000 $269,130 $10,311 4.64%
    VA 42 $14,580,000 $347,143 $11,412 4.16%
    USDA 10 $3,170,000 $317,000 $8,598 4.03%

    For 2019, Graystone Funding Company's most frequently originated type of loan was Conventional, with 740 originations. Their 2nd most popular type was FHA, with 247 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 733 $189,765,000 $258,888 $6,696 4.67%
    Refi 304 $89,380,000 $294,013 $6,223 4.29%
    Cash Out Refi 2 $450,000 $225,000 $8,139 5.19%

    For 2019, Graystone Funding Company's most frequently cited loan purpose was Home Purchase, with 733 originations. The 2nd most popular reason was Refi, with 304 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 990 $266,400,000 $269,091 $6,614 4.59%
    15 Year 32 $8,470,000 $264,688 $5,827 3.73%
    20 Year 11 $3,175,000 $288,636 $5,256 4.00%
    Other 4 $1,070,000 $267,500 $4,409 4.78%
    30+ year 2 $480,000 $240,000 $4,541 5.12%

    For 2019, Graystone Funding Company's most frequently cited loan duration was 30 Year, with 990 originations. The 2nd most popular length was 15 Year, with 32 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $3k-4k 238 $60,220,000 $253,025
    $4k-5k 185 $54,275,000 $293,378
    $5k+ 181 $69,695,000 $385,055
    $2k-3k 154 $35,840,000 $232,727
    $1k-2k 140 $44,280,000 $316,286
    $<1k 133 $13,515,000 $101,617

    Graystone Funding Company's average total fees were $6,614, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 238 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 448 $131,380,000 $293,259
    3-4% 318 $96,560,000 $303,648
    5-6% 170 $44,060,000 $259,176
    7-8% 43 $1,985,000 $46,163
    6-7% 31 $3,655,000 $117,903
    <2.5% 24 $320,000 $13,333
    2.5-3% 2 $710,000 $355,000
    Over 8% 2 $650,000 $325,000

    During 2019, Graystone Funding Company's average interest rate for loans was 4.59%, while their most frequently originated rate bucket for loans was 4-5%, with 448 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 624 $178,170,000 $285,529 $7,443 4.46%
    $100k-200k 171 $27,945,000 $163,421 $5,318 4.59%
    $400k-600k 117 $54,765,000 $468,077 $8,379 4.38%
    $100,000 or less 104 $1,980,000 $19,038 $461 5.35%
    $600k-1MM 21 $14,215,000 $676,905 $10,190 4.32%
    $1MM+ 2 $2,520,000 $1,260,000 $17,956 5.38%

    2019 saw Graystone Funding Company place emphasis on $200k-400k loans with 624 originations, totaling $178,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 346 $78,720,000 $227,514 $6,226 4.60%
    $75k-100k 237 $63,615,000 $268,418 $6,846 4.72%
    $100k-150k 181 $64,025,000 $353,729 $7,701 4.40%
    $50k or less 161 $27,855,000 $173,012 $5,384 4.51%
    $150k-250k 69 $28,405,000 $411,667 $6,639 4.42%
    $250k+ 25 $11,015,000 $440,600 $8,678 4.54%

    Graystone Funding Company lent most frequently to those with incomes in the $50k-75k range, with 346 originations. The second most popular income band? $75k-100k, with 237 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 156 $42,870,000 $274,808 $5,708 4.52%
    20-30% 100 $27,280,000 $272,800 $5,971 4.29%
    50-60% 85 $23,115,000 $271,941 $10,499 4.78%
    <20% 83 $20,905,000 $251,867 $5,580 4.25%
    44% 64 $17,380,000 $271,563 $6,765 4.76%
    42% 63 $16,615,000 $263,730 $6,095 4.43%
    49% 53 $14,095,000 $265,943 $6,768 4.70%
    45% 53 $12,425,000 $234,434 $6,110 4.68%
    40% 49 $13,795,000 $281,531 $5,910 4.31%
    41% 47 $14,555,000 $309,681 $6,642 4.61%
    43% 38 $9,250,000 $243,421 $6,107 4.37%
    47% 37 $10,115,000 $273,378 $6,090 4.95%
    48% 36 $9,210,000 $255,833 $7,402 4.71%
    38% 35 $9,845,000 $281,286 $6,450 4.59%
    46% 35 $8,975,000 $256,429 $6,115 4.95%
    39% 33 $8,315,000 $251,970 $6,468 4.64%
    37% 33 $9,765,000 $295,909 $7,060 4.20%
    36% 33 $9,785,000 $296,515 $6,820 4.64%
    >60% 5 $1,025,000 $205,000 $2,999 6.48%

    Graystone Funding Company lent most frequently to those with DTI ratios of 30-36%, with 156 originations. The next most common DTI ratio? 20-30%, with 100 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 850 $229,420,000 $269,906 $6,580 4.59%
    Not provided 86 $22,740,000 $264,419 $6,440 4.41%
    Asian 64 $17,730,000 $277,031 $5,911 4.47%
    Black 23 $5,495,000 $238,913 $7,142 4.50%
    Native Hawaiian or Islander 13 $3,325,000 $255,769 $8,026 4.42%
    American Indian 3 $885,000 $295,000 $8,509 3.88%

    Approval Rates

    Total approvals of all applications
    97.39%

    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 origination
    67.76%

    Graystone Funding Company 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 1,039 $279,595,000 $269,100

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $115,000 $115,000
    Single Family (1-4 Units):Site-Built 1,038 $279,480,000 $269,249

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 22 $4,140,000 $188,182 $4,131 4.72%
    40-60% 46 $11,970,000 $260,217 $4,944 4.09%
    60-80% 288 $84,400,000 $293,056 $5,779 4.40%
    80-100% 577 $174,055,000 $301,655 $8,098 4.54%
    Over 100% 9 $3,485,000 $387,222 $16,105 3.97%
    Under 20% 96 $1,270,000 $13,229 $206 5.40%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    GEORGETOWN MORTGAGE, INC. Reverse mortgage Trouble during payment process 1 100.0%