Keesler Mortgage Rates, Fees & Info
Biloxi, MSLEI: 549300M03EN3OQEDU087
Tax ID: 64-0302297
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
1,084Origination Dollar Volume (All Markets)
$197,920,000Awards
KEESLER - 2021
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For 2021, less than of lenders were eligible for this award.
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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 applications71.70%
Keesler has a below average approval rate.
Pick Rate
Approvals leading to origination46.85%
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% |
