Keesler Mortgage Rates, Fees & Info

Biloxi, MS

LEI: 549300M03EN3OQEDU087

Tax ID: 64-0302297

5 stars - Updated: 4/5/25 - out of 5 stars, based on 32 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Keesler is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. They have a a high proportion of FHA loans. Keesler has an average proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Gulfport, Jackson, New Orleans, Picayune, and Hattiesburg among others. We have data for 35 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 relatively high 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) 7.40% 4/5/25
30 Year Conventional Purchase 6.91% 4/5/25
30 Year Conventional Refi 6.65% 4/5/25
30 Year Cash-out Refi 6.93% 4/5/25
30 Year FHA Purchase 6.28% 4/5/25
30 Year FHA Refi 5.89% 4/5/25
30 Year VA Purchase 5.67% 4/5/25
30 Year VA Refi 4.11% 4/5/25
30 Year USDA Purchase 6.92% 4/5/25
15 Year Conventional Purchase 6.04% 4/5/25
15 Year Conventional Refi 5.98% 4/5/25
15 Year Cash-out Refi 5.98% 4/5/25
15 Year FHA Purchase 5.06% 4/5/25
15 Year FHA Refi 6.00% 4/5/25
15 Year VA Purchase 4.69% 4/5/25
15 Year VA Refi 4.49% 4/5/25
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

1,053

Origination Dollar Volume (All Markets)

$152,925,000
Show all (12) awards

Relative Rate

Keesler's average 30 year fixed mortgage rate was 7.2%.

The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

This yields a difference of 0.65%.

Relative Fees (Closing Costs)

Keesler's average total fees/closing costs for a 30 year fixed rate mortgage were $6,397.

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 $8,356.

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) 629 $88,345,000 $140,453 $5,871 5.89%
JACKSON, MS (FHA|USDA|VA) 90 $15,600,000 $173,333 $7,310 6.33%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 92 $13,830,000 $150,326 $8,045 6.02%
Picayune, MS (FHA|USDA|VA) 70 $10,380,000 $148,286 $5,946 5.79%
HATTIESBURG, MS (FHA|USDA|VA) 55 $6,485,000 $117,909 $6,349 6.52%
MOBILE, AL (FHA|USDA|VA) 31 $4,325,000 $139,516 $5,217 5.70%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 8 $2,310,000 $288,750 $7,900 5.09%
Outside of Metro Areas 16 $1,860,000 $116,250 $5,311 5.66%
Meridian, MS (FHA|USDA|VA) 6 $1,650,000 $275,000 $7,380 5.42%
Laurel, MS (FHA|USDA|VA) 8 $1,430,000 $178,750 $5,494 6.39%
Vicksburg, MS (FHA|USDA|VA) 3 $755,000 $251,667 $6,596 5.21%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 7 $715,000 $102,143 $5,175 7.23%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $700,000 $175,000 $4,678 7.22%
Bogalusa, LA (FHA|USDA|VA) 2 $500,000 $250,000 $5,849 5.69%
LAFAYETTE, LA (FHA|USDA|VA) 3 $475,000 $158,333 $5,125 7.33%
Columbus, MS (FHA|USDA|VA) 3 $385,000 $128,333 $7,296 6.58%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $370,000 $185,000 $9,234 7.25%
Starkville, MS (FHA|USDA|VA) 2 $370,000 $185,000 $8,642 5.06%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $335,000 $335,000 $9,162 4.88%
OCALA, FL (FHA|USDA|VA) 1 $315,000 $315,000 $4,344 5.75%
MONTGOMERY, AL (FHA|USDA|VA) 1 $265,000 $265,000 $8,788 5.63%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $235,000 $235,000 $7,661 4.88%
BATON ROUGE, LA (FHA|USDA|VA) 3 $225,000 $75,000 $0 6.33%
HAMMOND, LA (FHA|USDA|VA) 3 $215,000 $71,667 $0 4.49%
DECATUR, AL (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.49%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $145,000 $145,000 $3,543 5.63%
Cullman, AL (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 2.49%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.49%
Brookhaven, MS (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.49%
Greenville, MS (FHA|USDA|VA) 1 $55,000 $55,000 $0 2.49%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $50,000 $25,000 $0 5.50%
Natchez, MS-LA (FHA|USDA|VA) 1 $45,000 $45,000 $0 2.49%
PANAMA CITY, FL (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.00%
McComb, MS (FHA|USDA|VA) 1 $25,000 $25,000 $0 2.49%
Keesler's top markets include Gulfport, Jackson, New Orleans, Picayune, and Hattiesburg among others.

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

    Jefferson Parish Employees FCU
    Similarity Rank: 12
    JEFFERSON FINANCIAL
    Similarity Rank: 112
    ALABAMA CREDIT UNION
    Similarity Rank: 120
    GREATER NEW ORLEANS
    Similarity Rank: 235
    NAVIGATOR CU
    Similarity Rank: 272
    Onpath Federal Credit Union
    Similarity Rank: 275
    New Horizons Credit Union
    Similarity Rank: 285
    Eureka Homestead
    Similarity Rank: 316
    America's Mortgage Resource, Inc.
    Similarity Rank: 354

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 612 $43,110,000 $70,441 n/a 5.99%
    FHA 229 $52,945,000 $231,201 $7,567 5.53%
    Conventional 122 $33,330,000 $273,197 $3,666 6.85%
    VA 85 $22,795,000 $268,176 $5,499 5.44%
    USDA 5 $745,000 $149,000 $4,993 6.15%

    For 2024, Keesler's most frequently originated type of loan was HELOC, with 612 originations. Their 2nd most popular type was FHA, with 229 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 367 $94,505,000 $257,507 $6,403 5.84%
    Cash Out Refi 346 $31,130,000 $89,971 $5,175 3.39%
    Other 157 $9,495,000 $60,478 $3,341 8.96%
    Home Improvement 141 $10,015,000 $71,028 $0 8.69%
    Refi 42 $7,780,000 $185,238 $4,480 7.48%

    For 2024, Keesler's most frequently cited loan purpose was Home Purchase, with 367 originations. The 2nd most popular reason was Cash Out Refi, with 346 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 709 $113,185,000 $159,640 $6,397 7.20%
    20 Year 304 $27,260,000 $89,671 $3,125 3.05%
    15 Year 34 $11,330,000 $333,235 $4,168 5.59%
    5 Year 2 $230,000 $115,000 $0 7.38%
    Other 1 $195,000 $195,000 $5,084 6.75%
    1 Year 1 $75,000 $75,000 $0 8.00%
    30+ year 1 $595,000 $595,000 $8,131 7.00%
    10 Year 1 $55,000 $55,000 $4,307 5.75%

    For 2024, Keesler's most frequently cited loan duration was 30 Year, with 709 originations. The 2nd most popular length was 20 Year, with 304 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 413 $97,525,000 $236,138
    $<1k 11 $1,055,000 $95,909
    $2k-3k 1 $225,000 $225,000
    $3k-4k 1 $595,000 $595,000

    Keesler's average total fees were $6,397, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 413 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 262 $16,980,000 $64,809
    5-6% 243 $57,535,000 $236,770
    <2.5% 233 $17,105,000 $73,412
    6-7% 108 $24,060,000 $222,778
    7-8% 93 $18,255,000 $196,290
    4-5% 74 $16,380,000 $221,351
    3-4% 40 $2,610,000 $65,250

    During 2024, Keesler's average interest rate for loans was 7.20%, while their most frequently originated rate bucket for loans was Over 8%, with 262 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 512 $27,890,000 $54,473 $3,366 6.14%
    $100k-200k 284 $40,790,000 $143,627 $5,259 5.71%
    $200k-400k 225 $60,925,000 $270,778 $6,850 5.81%
    $400k-600k 26 $12,090,000 $465,000 $8,507 5.81%
    $600k-1MM 4 $2,520,000 $630,000 $5,084 5.75%
    $1MM+ 2 $8,710,000 $4,355,000 $0 7.38%

    2024 saw Keesler place emphasis on $100,000 or less loans with 512 originations, totaling $27,890,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 286 $39,110,000 $136,748 $5,985 5.88%
    $75k-100k 236 $32,840,000 $139,153 $6,301 5.89%
    $50k-75k 215 $25,555,000 $118,860 $5,674 5.94%
    $150k-250k 173 $29,295,000 $169,335 $6,917 5.85%
    $50k or less 91 $8,085,000 $88,846 $5,992 6.22%
    $250k+ 36 $7,280,000 $202,222 $7,067 6.13%

    Keesler lent most frequently to those with incomes in the $100k-150k range, with 286 originations. The second most popular income band? $75k-100k, with 236 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 186 $26,990,000 $145,108 $6,402 5.88%
    20-30% 180 $25,290,000 $140,500 $5,470 5.43%
    50-60% 87 $13,775,000 $158,333 $6,896 6.81%
    42% 53 $7,635,000 $144,057 $5,763 5.47%
    47% 49 $5,495,000 $112,143 $5,837 6.73%
    <20% 47 $5,885,000 $125,213 $4,913 5.96%
    44% 45 $6,325,000 $140,556 $6,313 5.19%
    45% 43 $6,855,000 $159,419 $6,746 6.29%
    41% 43 $5,395,000 $125,465 $6,535 6.07%
    39% 41 $5,145,000 $125,488 $5,836 5.55%
    43% 39 $4,645,000 $119,103 $7,571 6.12%
    40% 38 $4,770,000 $125,526 $5,876 5.64%
    37% 36 $4,810,000 $133,611 $6,959 6.04%
    38% 35 $4,225,000 $120,714 $6,651 4.97%
    49% 34 $4,430,000 $130,294 $5,973 6.70%
    46% 31 $4,585,000 $147,903 $6,281 6.97%
    48% 28 $2,650,000 $94,643 $6,125 6.28%
    36% 25 $3,445,000 $137,800 $6,032 6.01%
    >60% 3 $755,000 $251,667 $3,462 7.33%

    Keesler lent most frequently to those with DTI ratios of 30-36%, with 186 originations. The next most common DTI ratio? 20-30%, with 180 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 840 $111,950,000 $133,274 $6,027 5.94%
    Black 99 $13,095,000 $132,273 $6,960 6.11%
    Not provided 75 $13,055,000 $174,067 $6,157 5.73%
    Not applicable 8 $9,520,000 $1,190,000 $0 7.41%
    Asian 25 $4,035,000 $161,400 $6,236 5.85%
    American Indian 6 $1,270,000 $211,667 $7,734 5.64%

    Approval Rates

    Total approvals of all applications
    60.53%

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

    Pick Rate

    Approvals leading to origination
    55.65%

    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 1,053 $152,925,000 $145,228

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,053 $152,925,000 $145,228

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 270 $25,730,000 $95,296 $3,292 5.89%
    40-60% 86 $11,080,000 $128,837 $5,387 5.54%
    60-80% 111 $23,045,000 $207,613 $5,271 5.97%
    80-100% 291 $77,605,000 $266,684 $6,618 5.74%
    Over 100% 11 $2,445,000 $222,273 $8,161 6.06%
    Under 20% 284 $13,020,000 $45,845 $2,593 6.33%