Keesler Mortgage Rates, Fees & Info

Biloxi, MS

LEI: 549300M03EN3OQEDU087

Tax ID: 64-0302297

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Mortgage Data

Review & Overview

Keesler is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Keesler has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Gulfport, New Orleans, Hattiesburg, Picayune, and Jackson among others. We have data for 46 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% 3/28/24
30 Year Conventional Purchase 6.31% 3/28/24
30 Year Conventional Refi 6.09% 3/28/24
30 Year Cash-out Refi 6.47% 3/28/24
30 Year FHA Purchase 6.20% 3/28/24
30 Year FHA Refi 6.56% 3/28/24
30 Year VA Purchase 5.39% 3/28/24
30 Year VA Refi 5.42% 3/28/24
30 Year USDA Purchase 6.27% 3/28/24
15 Year Conventional Purchase 5.77% 3/28/24
15 Year Conventional Refi 5.90% 3/28/24
15 Year Cash-out Refi 5.90% 3/28/24
15 Year FHA Purchase 5.51% 3/28/24
15 Year FHA Refi 5.68% 3/28/24
15 Year VA Purchase 4.26% 3/28/24
15 Year VA Refi 5.68% 3/28/24
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

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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

1,872

Origination Dollar Volume (All Markets)

$369,020,000
Show all (10) awards

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) 1,073 $194,185,000 $180,974 $3,616 3.04%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 223 $52,575,000 $235,762 $4,000 3.08%
HATTIESBURG, MS (FHA|USDA|VA) 121 $22,355,000 $184,752 $4,082 3.16%
Picayune, MS (FHA|USDA|VA) 126 $19,840,000 $157,460 $3,710 3.06%
JACKSON, MS (FHA|USDA|VA) 78 $17,520,000 $224,615 $4,069 3.15%
BATON ROUGE, LA (FHA|USDA|VA) 35 $14,045,000 $401,286 $4,762 2.97%
MOBILE, AL (FHA|USDA|VA) 53 $10,305,000 $194,434 $3,369 3.07%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 26 $7,110,000 $273,462 $3,439 3.01%
Outside of Metro Areas 35 $5,175,000 $147,857 $4,054 3.03%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 11 $3,015,000 $274,091 $3,610 2.95%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $2,720,000 $680,000 $7,738 2.91%
Laurel, MS (FHA|USDA|VA) 13 $2,255,000 $173,462 $3,513 3.29%
HAMMOND, LA (FHA|USDA|VA) 8 $1,840,000 $230,000 $5,619 3.17%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 6 $1,720,000 $286,667 $3,994 3.46%
Meridian, MS (FHA|USDA|VA) 3 $1,415,000 $471,667 $4,967 3.28%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 6 $1,390,000 $231,667 $3,677 3.02%
Brookhaven, MS (FHA|USDA|VA) 3 $1,355,000 $451,667 $4,390 3.21%
Bogalusa, LA (FHA|USDA|VA) 5 $1,105,000 $221,000 $3,668 3.10%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $985,000 $328,333 $3,304 2.96%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $985,000 $197,000 $4,855 3.60%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $885,000 $295,000 $6,232 3.29%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $585,000 $585,000 $15,589 2.63%
LAFAYETTE, LA (FHA|USDA|VA) 4 $560,000 $140,000 $3,036 3.81%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $450,000 $225,000 $3,289 2.75%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $395,000 $395,000 $3,849 2.25%
DECATUR, AL (FHA|USDA|VA) 1 $395,000 $395,000 $5,122 2.88%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 2 $330,000 $165,000 $14,055 3.69%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $305,000 $305,000 $5,809 3.00%
Jasper, AL (FHA|USDA|VA) 1 $305,000 $305,000 $3,365 3.13%
GADSDEN, AL (FHA|USDA|VA) 1 $295,000 $295,000 $3,038 3.13%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $255,000 $255,000 $3,010 2.75%
MONTGOMERY, AL (FHA|USDA|VA) 2 $240,000 $120,000 $4,486 3.00%
Natchez, MS-LA (FHA|USDA|VA) 1 $235,000 $235,000 $5,994 2.88%
Tupelo, MS (FHA|USDA|VA) 1 $215,000 $215,000 $2,753 2.75%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,461 3.13%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $195,000 $195,000 $3,254 2.75%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $185,000 $185,000 $3,095 2.75%
Starkville, MS (FHA|USDA|VA) 2 $180,000 $90,000 $3,130 2.88%
Enterprise, AL (FHA|USDA|VA) 1 $165,000 $165,000 $5,680 2.88%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $3,559 3.25%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $135,000 $135,000 $2,935 3.00%
McComb, MS (FHA|USDA|VA) 1 $125,000 $125,000 $7,355 2.75%
Ozark, AL (FHA|USDA|VA) 1 $95,000 $95,000 $1,867 3.13%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $85,000 $85,000 $2,966 3.75%
Oxford, MS (FHA|USDA|VA) 1 $75,000 $75,000 $2,941 3.00%
Atmore, AL (FHA|USDA|VA) 1 $75,000 $75,000 $2,676 3.00%
Keesler's top markets include Gulfport, New Orleans, Hattiesburg, Picayune, and Jackson 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 1,421 $280,195,000 $197,182 $3,225 3.08%
    VA 243 $55,885,000 $229,979 $5,328 2.94%
    FHA 143 $23,505,000 $164,371 $6,023 3.15%
    USDA 62 $8,960,000 $144,516 $4,628 3.08%
    HELOC 3 $475,000 $158,333 n/a 4.00%

    For 2020, Keesler's most frequently originated type of loan was Conventional, with 1,421 originations. Their 2nd most popular type was VA, with 243 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 730 $147,620,000 $202,219 $4,631 3.13%
    Refi 604 $126,210,000 $208,957 $3,035 2.93%
    Cash Out Refi 495 $87,065,000 $175,889 $3,444 3.12%
    Home Improvement 39 $6,395,000 $163,974 $3,183 3.31%
    Other 4 $1,730,000 $432,500 $0 4.00%

    For 2020, Keesler's most frequently cited loan purpose was Home Purchase, with 730 originations. The 2nd most popular reason was Refi, with 604 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,073 $226,635,000 $211,216 $4,191 3.13%
    15 Year 475 $77,205,000 $162,537 $3,083 2.78%
    20 Year 131 $24,865,000 $189,809 $3,082 3.11%
    10 Year 73 $12,335,000 $168,973 $2,762 3.13%
    Other 61 $11,755,000 $192,705 $3,183 3.21%
    5 Year 32 $8,020,000 $250,625 $0 4.06%
    30+ year 26 $8,160,000 $313,846 $6,190 3.66%
    1 Year 1 $45,000 $45,000 $0 5.00%

    For 2020, Keesler's most frequently cited loan duration was 30 Year, with 1,073 originations. The 2nd most popular length was 15 Year, with 475 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,763 $331,555,000 $188,063
    $<1k 23 $1,915,000 $83,261
    $2k-3k 23 $11,535,000 $501,522
    $3k-4k 6 $4,970,000 $828,333
    $4k-5k 2 $2,840,000 $1,420,000
    $5k+ 1 $1,195,000 $1,195,000

    Keesler's average total fees were $4,191, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,763 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,145 $218,185,000 $190,555
    3-4% 591 $126,325,000 $213,748
    <2.5% 95 $18,095,000 $190,474
    4-5% 35 $5,555,000 $158,714
    5-6% 2 $300,000 $150,000
    6-7% 2 $70,000 $35,000
    7-8% 2 $490,000 $245,000

    During 2020, Keesler's average interest rate for loans was 3.13%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,145 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 861 $127,765,000 $148,391 $3,574 3.05%
    $200k-400k 619 $164,435,000 $265,646 $4,186 3.02%
    $100,000 or less 300 $21,780,000 $72,600 $2,940 3.13%
    $400k-600k 68 $32,050,000 $471,324 $5,129 3.25%
    $600k-1MM 16 $12,240,000 $765,000 $6,492 3.20%
    $1MM+ 8 $10,750,000 $1,343,750 $10,396 3.54%

    2020 saw Keesler place emphasis on $100k-200k loans with 861 originations, totaling $127,765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 500 $111,030,000 $222,060 $3,785 3.02%
    $50k-75k 419 $62,225,000 $148,508 $3,715 3.06%
    $75k-100k 356 $64,120,000 $180,112 $3,843 3.04%
    $50k or less 261 $28,975,000 $111,015 $3,626 3.09%
    $150k-250k 218 $60,750,000 $278,670 $3,733 2.98%
    $250k+ 58 $26,260,000 $452,759 $4,666 3.05%

    Keesler lent most frequently to those with incomes in the $100k-150k range, with 500 originations. The second most popular income band? $50k-75k, with 419 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 544 $102,980,000 $189,301 $3,508 3.02%
    30-36% 368 $76,630,000 $208,234 $3,824 3.11%
    <20% 241 $46,155,000 $191,515 $3,309 2.92%
    41% 63 $11,785,000 $187,063 $3,810 3.10%
    38% 62 $11,550,000 $186,290 $3,947 3.04%
    43% 61 $11,725,000 $192,213 $4,495 2.99%
    36% 61 $11,565,000 $189,590 $3,658 3.03%
    40% 58 $10,430,000 $179,828 $3,872 3.07%
    42% 57 $10,325,000 $181,140 $4,094 3.13%
    46% 47 $7,955,000 $169,255 $4,508 3.01%
    37% 44 $9,580,000 $217,727 $4,178 3.05%
    45% 42 $9,220,000 $219,524 $4,402 3.07%
    39% 42 $9,070,000 $215,952 $3,657 3.04%
    44% 39 $7,795,000 $199,872 $4,245 3.06%
    48% 25 $4,245,000 $169,800 $4,389 2.99%
    47% 24 $4,480,000 $186,667 $4,136 2.98%
    49% 19 $4,105,000 $216,053 $5,222 3.07%
    50-60% 17 $3,225,000 $189,706 $5,038 3.04%
    >60% 3 $915,000 $305,000 $4,246 4.50%

    Keesler lent most frequently to those with DTI ratios of 20-30%, with 544 originations. The next most common DTI ratio? 30-36%, with 368 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,457 $283,575,000 $194,629 $3,737 3.03%
    Not provided 146 $29,900,000 $204,795 $3,691 3.03%
    Black 154 $27,450,000 $178,247 $4,227 3.15%
    Not applicable 52 $14,500,000 $278,846 $3,114 4.02%
    Asian 39 $7,885,000 $202,179 $3,738 3.06%
    American Indian 18 $3,750,000 $208,333 $3,717 2.97%
    Asian Indian 1 $1,145,000 $1,145,000 $7,975 3.25%
    Vietnamese 3 $395,000 $131,667 $2,674 2.88%
    Samoan 1 $315,000 $315,000 $2,308 3.00%
    Other Pacific Islander 1 $105,000 $105,000 $4,934 3.13%

    Approval Rates

    Total approvals of all applications
    63.81%

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

    Pick Rate

    Approvals leading to origination
    61.06%

    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 1,872 $369,020,000 $197,126

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $7,290,000 $729,000
    Single Family (1-4 Units):Site-Built 1,862 $361,730,000 $194,270

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 82 $7,590,000 $92,561 $2,733 3.00%
    40-60% 223 $35,805,000 $160,561 $3,011 2.89%
    60-80% 680 $140,830,000 $207,103 $3,271 3.08%
    80-100% 840 $173,920,000 $207,048 $4,313 3.09%
    Over 100% 34 $10,190,000 $299,706 $9,710 3.27%
    Under 20% 13 $685,000 $52,692 $2,416 3.77%