Keesler Mortgage Rates, Fees & Info
Biloxi, MSLEI: 549300M03EN3OQEDU087
Tax ID: 64-0302297
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Mortgage Data
Review & Overview
Keesler is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. Keesler has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Gulfport, New Orleans, Jackson, Hattiesburg, and Picayune among others. We have data for 41 markets. (Some data included below & more in-depth data is available with an active subscription.)Keesler has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Keesler 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.54% | 3/19/23 |
| 30 Year Conventional Refi | 6.46% | 3/19/23 |
| 30 Year Cash-out Refi | 6.62% | 3/19/23 |
| 30 Year FHA Purchase | 7.49% | 3/19/23 |
| 30 Year FHA Refi | 6.27% | 3/19/23 |
| 30 Year VA Purchase | 6.52% | 3/19/23 |
| 30 Year VA Refi | 6.38% | 3/19/23 |
| 30 Year USDA Purchase | 6.93% | 3/19/23 |
| 30 Year USDA Refi | 6.95% | 3/19/23 |
| 15 Year Conventional Purchase | 6.31% | 3/19/23 |
| 15 Year Conventional Refi | 6.31% | 3/19/23 |
| 15 Year Cash-out Refi | 6.31% | 3/19/23 |
| 15 Year FHA Purchase | 7.25% | 3/19/23 |
| 15 Year FHA Refi | 5.68% | 3/19/23 |
| 15 Year VA Purchase | 6.60% | 3/19/23 |
| 15 Year VA Refi | 6.35% | 3/19/23 |
| 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. | ||
Originations
1,084Origination Dollar Volume (All Markets)
$197,920,000Awards
KEESLER - 2021
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Relative Rate
Keesler's average 30 year fixed mortgage rate was
3.06%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.09%.
Relative Fees (Closing Costs)
Keesler's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,878.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 700 | $114,790,000 | $163,986 | $3,518 | 3.03% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 96 | $22,160,000 | $230,833 | $3,784 | 3.07% |
| JACKSON, MS (FHA|USDA|VA) | 61 | $14,985,000 | $245,656 | $3,570 | 3.27% |
| HATTIESBURG, MS (FHA|USDA|VA) | 56 | $10,040,000 | $179,286 | $3,854 | 3.10% |
| Picayune, MS (FHA|USDA|VA) | 57 | $8,035,000 | $140,965 | $3,075 | 2.98% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $5,905,000 | $5,905,000 | $0 | 4.00% |
| MOBILE, AL (FHA|USDA|VA) | 33 | $5,395,000 | $163,485 | $3,632 | 3.07% |
| BATON ROUGE, LA (FHA|USDA|VA) | 6 | $2,020,000 | $336,667 | $3,958 | 3.33% |
| Outside of Metro Areas | 14 | $2,010,000 | $143,571 | $3,597 | 2.95% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 8 | $1,500,000 | $187,500 | $2,846 | 3.27% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $4,354 | 2.94% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $2,791 | 3.06% |
| Bogalusa, LA (FHA|USDA|VA) | 7 | $775,000 | $110,714 | $4,900 | 3.11% |
| MONROE, LA (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $6,513 | 3.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $3,897 | 2.88% |
| Oxford, MS (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $3,209 | 2.75% |
| HAMMOND, LA (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $5,808 | 2.83% |
| Greenwood, MS (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $3,618 | 3.00% |
| Brookhaven, MS (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $4,575 | 3.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,438 | 3.25% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,438 | 3.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,561 | 3.13% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,788 | 3.00% |
| Laurel, MS (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $3,058 | 2.96% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,907 | 3.00% |
| Starkville, MS (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,732 | 3.00% |
| Meridian, MS (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,309 | 2.88% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,706 | 3.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,651 | 3.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,281 | 3.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $3,311 | 3.06% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,701 | 3.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,556 | 2.75% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,667 | 3.00% |
| Corinth, MS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,363 | 2.75% |
| Opelousas, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,645 | 2.75% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,006 | 2.75% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,943 | 2.75% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $3,458 | 3.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,856 | 4.50% |
| Greenville, MS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,387 | 2.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against KEESLER 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 2021, Keesler's most frequently originated type of loan was Conventional, with 926 originations. Their 2nd most popular type was VA, with 99 originations.
Loan Reason
For 2021, Keesler's most frequently cited loan purpose was Home Purchase, with 438 originations. The 2nd most popular reason was Cash Out Refi, with 347 originations.
Loan Duration/Length
For 2021, Keesler's most frequently cited loan duration was 30 Year, with 630 originations. The 2nd most popular length was 15 Year, with 225 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 995 | $168,045,000 | $168,889 |
| $<1k | 15 | $1,465,000 | $97,667 |
| $2k-3k | 11 | $5,205,000 | $473,182 |
| $3k-4k | 2 | $1,350,000 | $675,000 |
Keesler's average total fees were $3,878, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 995 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 869 | $147,155,000 | $169,338 |
| 3-4% | 179 | $44,855,000 | $250,587 |
| 4-5% | 25 | $3,475,000 | $139,000 |
| <2.5% | 9 | $2,365,000 | $262,778 |
| 5-6% | 2 | $70,000 | $35,000 |
During 2021, Keesler's average interest rate for loans was 3.06%, while their most frequently originated rate bucket for loans was 2.5-3%, with 869 originations.
Loan Sizing
2021 saw Keesler place emphasis on $100k-200k loans with 507 originations, totaling $74,405,000 in origination value.
Applicant Income
Keesler lent most frequently to those with incomes in the $50k-75k range, with 235 originations. The second most popular income band? $100k-150k, with 231 originations.
Applicant Debt to Income Ratio
Keesler lent most frequently to those with DTI ratios of 20-30%, with 288 originations. The next most common DTI ratio? 30-36%, with 225 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications65.36%
Keesler has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination49.91%
Keesler 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 | 1,084 | $197,920,000 | $182,583 |