Keesler Mortgage Rates, Fees & Info

Biloxi, MS

LEI: 549300M03EN3OQEDU087

Tax ID: 64-0302297

5 stars - out of 5 stars, based on 33 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Gulfport, New Orleans, Jackson, Hattiesburg, and Picayune among others. Keesler has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Keesler is typically an average fee lendor.


Originations

1,084

Origination Dollar Volume (All Markets)

$197,920,000
Show all (7) awards

Relative Rate

Keesler's average 30 year fixed rate mortgage of loans were 3.06%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.09%.

Relative Fees

Keesler's average total fees for a 30 year fixed rate mortgage are $3,878.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

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%

Keesler's top markets include Gulfport, New Orleans, Jackson, Hattiesburg, and Picayune among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 928 $165,430,000 $178,265 $3,141 3.06%
VA 99 $23,255,000 $234,899 $5,937 2.99%
FHA 33 $5,715,000 $173,182 $6,328 2.98%
USDA 24 $3,520,000 $146,667 $4,590 2.97%

For the 2021 period, Keesler's most frequently originated loan type of loans were Conventional, with 928 originations. Their 2nd most popular type is VA, with 99 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 438 $81,780,000 $186,712 $4,096 3.06%
Cash Out Refi 347 $60,595,000 $174,625 $3,330 3.07%
Refi 270 $50,930,000 $188,630 $2,987 2.99%
Home Improvement 19 $2,345,000 $123,421 $2,861 3.07%
Other 10 $2,270,000 $227,000 $2,853 3.54%

For the 2021, Keesler's most frequently cited loan purpose of loans were Home Purchase, with 438 originations. The 2nd most popular reason of loans were Cash Out Refi, with 347 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 630 $122,530,000 $194,492 $3,878 3.06%
15 Year 225 $29,615,000 $131,622 $3,056 2.84%
20 Year 106 $16,250,000 $153,302 $2,951 3.02%
10 Year 61 $18,415,000 $301,885 $2,959 3.21%
5 Year 32 $6,110,000 $190,938 $0 4.03%
Other 28 $4,460,000 $159,286 $2,868 3.26%
30+ year 2 $540,000 $270,000 $5,555 3.50%

For the 2021, Keesler's most frequently cited loan length of loans were 30 Year, with 630 originations. The 2nd most popular length of loans were 15 Year, with 225 originations.

Origination Fees

Origination Fee 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

$3,878 of loans were Keesler's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.06%, while their most frequently originated rate bucket of loans were 2.5-3%, with 869 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 507 $74,405,000 $146,755 $3,433 3.00%
$200k-400k 277 $72,995,000 $263,520 $4,171 3.05%
$100,000 or less 254 $18,350,000 $72,244 $2,885 3.11%
$400k-600k 32 $15,150,000 $473,438 $4,720 3.18%
$600k-1MM 9 $6,665,000 $740,556 $5,939 3.54%
$1MM+ 5 $10,355,000 $2,071,000 $7,975 3.70%

2021 saw Keesler place emphasis on $100k-200k loans with 507 originations, totaling $74,405,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 235 $34,755,000 $147,894 $3,713 2.99%
$100k-150k 231 $47,465,000 $205,476 $3,554 2.99%
$50k or less 230 $25,280,000 $109,913 $3,247 2.98%
$75k-100k 222 $37,990,000 $171,126 $3,507 3.01%
$150k-250k 91 $24,635,000 $270,714 $3,765 3.00%
$250k+ 14 $6,070,000 $433,571 $4,823 3.07%

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

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 288 $46,600,000 $161,806 $3,271 2.99%
30-36% 225 $39,615,000 $176,067 $3,608 3.03%
<20% 108 $16,870,000 $156,204 $3,233 2.91%
36% 44 $7,450,000 $169,318 $3,895 3.05%
38% 39 $6,065,000 $155,513 $3,306 3.00%
41% 37 $5,875,000 $158,784 $3,507 3.04%
42% 35 $6,165,000 $176,143 $3,475 2.98%
37% 34 $5,550,000 $163,235 $3,597 2.97%
44% 33 $6,955,000 $210,758 $3,844 3.07%
43% 28 $6,490,000 $231,786 $3,605 3.08%
40% 25 $4,525,000 $181,000 $4,296 3.06%
39% 24 $4,270,000 $177,917 $3,325 2.92%
48% 22 $4,430,000 $201,364 $4,814 2.97%
46% 21 $4,215,000 $200,714 $4,005 2.95%
45% 21 $4,465,000 $212,619 $4,812 3.01%
49% 19 $3,175,000 $167,105 $3,995 3.00%
47% 15 $2,165,000 $144,333 $3,279 2.93%
50-60% 6 $1,450,000 $241,667 $4,368 3.15%
>60% 1 $115,000 $115,000 $3,743 3.00%

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

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 807 $140,245,000 $173,786 $3,555 2.99%
Not applicable 56 $21,240,000 $379,286 $0 3.99%
Black 100 $15,520,000 $155,200 $3,808 3.05%
Not provided 82 $14,650,000 $178,659 $3,352 3.04%
Asian 27 $4,385,000 $162,407 $3,201 2.97%
American Indian 5 $955,000 $191,000 $3,209 2.93%
Vietnamese 3 $425,000 $141,667 $2,898 2.83%
Filipino 1 $185,000 $185,000 $2,404 3.00%
Asian Indian 1 $165,000 $165,000 $2,863 3.00%
Other Pacific Islander 1 $95,000 $95,000 $2,850 2.75%
Other Asian 1 $55,000 $55,000 $4,189 2.75%

Approval Rates

Total approvals of all applications
71.70%

Keesler has a below average approval rate.

Pick Rate

Approvals leading to origination
46.85%

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

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,084 $197,920,000 $182,583

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 63 $5,445,000 $86,429 $2,854 2.97%
40-60% 183 $23,415,000 $127,951 $2,961 2.97%
60-80% 381 $78,775,000 $206,759 $3,163 3.06%
80-100% 424 $85,010,000 $200,495 $3,971 3.07%
Over 100% 15 $4,065,000 $271,000 $11,665 3.03%
Under 20% 15 $725,000 $48,333 $2,280 3.93%