Keesler Mortgage Rates, Fees & Info

Biloxi, MS

LEI: 549300M03EN3OQEDU087

Tax ID: 64-0302297

5 stars - Updated: 3/3/24 - out of 5 stars, based on 36 reviews

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

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Mortgage Data

Review & Overview

Keesler is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Keesler has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Gulfport, New Orleans, Hattiesburg, Jackson, and Picayune among others. We have data for 42 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 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 1.64% 3/3/24
30 Year Conventional Purchase 6.31% 3/3/24
30 Year Conventional Refi 6.09% 3/3/24
30 Year Cash-out Refi 6.47% 3/3/24
30 Year FHA Purchase 6.20% 3/3/24
30 Year FHA Refi 6.56% 3/3/24
30 Year VA Purchase 5.39% 3/3/24
30 Year VA Refi 5.42% 3/3/24
30 Year USDA Purchase 6.27% 3/3/24
15 Year Conventional Purchase 5.77% 3/3/24
15 Year Conventional Refi 5.90% 3/3/24
15 Year Cash-out Refi 5.90% 3/3/24
15 Year FHA Purchase 5.51% 3/3/24
15 Year FHA Refi 5.68% 3/3/24
15 Year VA Purchase 4.26% 3/3/24
15 Year VA Refi 5.68% 3/3/24
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.

Keesler Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Keesler. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,275

Origination Dollar Volume (All Markets)

$218,325,000
Show all (7) awards

Relative Rate

Keesler's average 30 year fixed mortgage rate was 4.28%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.48%.

Relative Fees (Closing Costs)

Keesler's average total fees/closing costs for a 30 year fixed rate mortgage were $4,556.

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) 789 $111,645,000 $141,502 $3,980 3.59%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 116 $25,830,000 $222,672 $4,671 3.67%
HATTIESBURG, MS (FHA|USDA|VA) 63 $20,405,000 $323,889 $3,943 3.74%
JACKSON, MS (FHA|USDA|VA) 89 $18,795,000 $211,180 $4,551 3.63%
Picayune, MS (FHA|USDA|VA) 62 $8,230,000 $132,742 $4,249 3.65%
MOBILE, AL (FHA|USDA|VA) 35 $7,445,000 $212,714 $3,306 3.44%
Corinth, MS (FHA|USDA|VA) 4 $3,900,000 $975,000 $3,623 4.06%
Outside of Metro Areas 22 $3,050,000 $138,636 $4,533 3.83%
Laurel, MS (FHA|USDA|VA) 8 $3,000,000 $375,000 $5,525 3.42%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 13 $1,765,000 $135,769 $4,297 4.03%
BATON ROUGE, LA (FHA|USDA|VA) 8 $1,440,000 $180,000 $3,619 3.70%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $1,430,000 $357,500 $5,094 3.78%
Oxford, MS (FHA|USDA|VA) 3 $1,275,000 $425,000 $3,401 3.16%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 4 $1,220,000 $305,000 $2,445 3.37%
HAMMOND, LA (FHA|USDA|VA) 7 $1,025,000 $146,429 $4,490 3.57%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 5 $875,000 $175,000 $4,661 4.32%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 5 $615,000 $123,000 $4,521 3.57%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 3 $575,000 $191,667 $8,131 4.12%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $545,000 $181,667 $9,825 3.74%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $495,000 $495,000 $4,662 4.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $465,000 $155,000 $6,982 3.79%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $465,000 $465,000 $3,611 3.25%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $440,000 $220,000 $5,115 2.93%
MONTGOMERY, AL (FHA|USDA|VA) 1 $365,000 $365,000 $3,874 4.13%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $350,000 $175,000 $2,848 2.75%
PANAMA CITY, FL (FHA|USDA|VA) 1 $305,000 $305,000 $12,508 5.75%
Meridian, MS (FHA|USDA|VA) 3 $275,000 $91,667 $4,588 4.00%
OCALA, FL (FHA|USDA|VA) 1 $275,000 $275,000 $4,268 3.88%
Vicksburg, MS (FHA|USDA|VA) 1 $265,000 $265,000 $3,807 3.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $255,000 $85,000 $0 3.16%
Atmore, AL (FHA|USDA|VA) 1 $225,000 $225,000 $3,583 4.00%
ALEXANDRIA, LA (FHA|USDA|VA) 1 $215,000 $215,000 $3,526 3.63%
Tupelo, MS (FHA|USDA|VA) 1 $165,000 $165,000 $2,972 4.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $150,000 $75,000 $2,302 4.25%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $125,000 $125,000 $8,269 4.38%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.49%
DOTHAN, AL (FHA|USDA|VA) 1 $85,000 $85,000 $4,280 4.13%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $65,000 $65,000 $1,556 5.75%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.49%
Fort Payne, AL (FHA|USDA|VA) 1 $45,000 $45,000 $0 2.49%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.49%
Bogalusa, LA (FHA|USDA|VA) 1 $35,000 $35,000 $0 2.49%
Keesler's top markets include Gulfport, New Orleans, Hattiesburg, Jackson, and Picayune among others.

Their top states include:
  • Mississippi (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 570 $142,520,000 $250,035 $3,270 4.25%
    HELOC 524 $33,180,000 $63,321 n/a 2.76%
    VA 100 $25,540,000 $255,400 $5,890 3.93%
    FHA 81 $17,085,000 $210,926 $7,187 4.38%

    For 2022, Keesler's most frequently originated type of loan was Conventional, with 570 originations. Their 2nd most popular type was HELOC, with 524 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 757 $86,125,000 $113,771 $3,405 3.23%
    Home Purchase 422 $108,970,000 $258,223 $4,716 4.30%
    Refi 91 $22,645,000 $248,846 $3,072 3.80%
    Other 4 $430,000 $107,500 $0 2.87%
    Home Improvement 1 $155,000 $155,000 $0 2.49%

    For 2022, Keesler's most frequently cited loan purpose was Cash Out Refi, with 757 originations. The 2nd most popular reason was Home Purchase, with 422 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 559 $37,995,000 $67,970 $2,894 2.88%
    30 Year 466 $109,250,000 $234,442 $4,556 4.28%
    15 Year 123 $17,345,000 $141,016 $3,177 3.88%
    10 Year 57 $41,385,000 $726,053 $2,516 4.02%
    5 Year 46 $8,090,000 $175,870 $0 4.51%
    Other 23 $3,935,000 $171,087 $3,810 3.96%
    30+ year 1 $325,000 $325,000 $6,163 6.00%

    For 2022, Keesler's most frequently cited loan duration was 20 Year, with 559 originations. The 2nd most popular length was 30 Year, with 466 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 560 $110,930,000 $198,089
    $<1k 84 $19,800,000 $235,714
    $2k-3k 12 $4,020,000 $335,000
    $3k-4k 2 $1,530,000 $765,000
    $4k-5k 1 $135,000 $135,000

    Keesler's average total fees were $4,556, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 560 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 415 $26,735,000 $64,422
    3-4% 362 $95,210,000 $263,011
    4-5% 213 $41,395,000 $194,343
    5-6% 125 $24,325,000 $194,600
    2.5-3% 120 $24,400,000 $203,333
    6-7% 31 $5,365,000 $173,065
    7-8% 7 $815,000 $116,429
    Over 8% 2 $80,000 $40,000

    During 2022, Keesler's average interest rate for loans was 4.28%, while their most frequently originated rate bucket for loans was <2.5%, with 415 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 556 $30,010,000 $53,975 $2,792 3.14%
    $100k-200k 399 $57,725,000 $144,674 $3,936 3.85%
    $200k-400k 252 $70,750,000 $280,754 $4,915 4.23%
    $400k-600k 39 $18,375,000 $471,154 $4,375 4.13%
    $1MM+ 18 $33,080,000 $1,837,778 $6,306 3.83%
    $600k-1MM 11 $8,385,000 $762,273 $4,440 3.93%

    2022 saw Keesler place emphasis on $100,000 or less loans with 556 originations, totaling $30,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 303 $45,525,000 $150,248 $4,383 3.52%
    $50k-75k 284 $34,370,000 $121,021 $4,134 3.68%
    $75k-100k 241 $33,215,000 $137,822 $4,397 3.67%
    $50k or less 174 $15,830,000 $90,977 $3,725 3.44%
    $150k-250k 139 $27,505,000 $197,878 $3,825 3.64%
    $250k+ 35 $12,205,000 $348,714 $4,258 3.41%

    Keesler lent most frequently to those with incomes in the $100k-150k range, with 303 originations. The second most popular income band? $50k-75k, with 284 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 254 $36,320,000 $142,992 $3,804 3.61%
    20-30% 239 $33,655,000 $140,816 $3,964 3.60%
    <20% 74 $11,480,000 $155,135 $3,441 3.45%
    42% 60 $7,250,000 $120,833 $4,330 3.64%
    40% 52 $7,620,000 $146,538 $4,694 3.99%
    44% 51 $7,565,000 $148,333 $4,471 3.62%
    41% 51 $7,465,000 $146,373 $4,571 3.83%
    43% 48 $7,090,000 $147,708 $3,897 3.79%
    39% 44 $6,800,000 $154,545 $3,976 3.70%
    36% 43 $5,395,000 $125,465 $4,378 3.37%
    37% 42 $5,100,000 $121,429 $3,738 3.55%
    38% 41 $5,765,000 $140,610 $3,276 3.54%
    45% 35 $5,765,000 $164,714 $4,013 3.52%
    47% 32 $4,840,000 $151,250 $5,607 3.23%
    48% 32 $4,160,000 $130,000 $5,630 3.27%
    46% 32 $5,070,000 $158,438 $5,033 3.54%
    50-60% 28 $4,330,000 $154,643 $8,096 3.40%
    49% 27 $3,875,000 $143,519 $4,293 3.31%
    >60% 2 $330,000 $165,000 $0 3.75%

    Keesler lent most frequently to those with DTI ratios of 30-36%, with 254 originations. The next most common DTI ratio? 20-30%, with 239 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 942 $133,650,000 $141,879 $4,110 3.58%
    Not applicable 86 $48,200,000 $560,465 $0 4.09%
    Not provided 100 $16,260,000 $162,600 $4,425 3.55%
    Black 101 $12,855,000 $127,277 $4,370 3.72%
    Asian 31 $5,055,000 $163,065 $3,873 3.58%
    American Indian 8 $1,020,000 $127,500 $4,875 3.36%
    Asian Indian 2 $580,000 $290,000 $2,580 3.88%
    Chinese 2 $460,000 $230,000 $4,226 3.69%
    Other Pacific Islander 1 $125,000 $125,000 $3,004 5.25%
    Native Hawaiian or Islander 1 $65,000 $65,000 $1,844 6.75%
    Vietnamese 1 $55,000 $55,000 $0 2.49%

    Approval Rates

    Total approvals of all applications
    66.28%

    Keesler has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    43.76%

    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 1,275 $218,325,000 $171,235

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,275 $218,325,000 $171,235

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 242 $20,320,000 $83,967 $2,768 2.96%
    40-60% 123 $15,845,000 $128,821 $3,128 3.48%
    60-80% 272 $71,130,000 $261,507 $3,549 4.16%
    80-100% 334 $93,510,000 $279,970 $4,702 4.18%
    Over 100% 18 $5,170,000 $287,222 $10,621 4.18%
    Under 20% 286 $12,350,000 $43,182 $2,166 3.06%