Kelley Mortgage Rates, Fees & Info

COLUMBIA, TN

LEI: 549300QWOZZB97053F11

Tax ID: 26-4507534

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Kelley Mortgage is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Kelley Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Lawrenceburg, and Lewisburg among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Kelley Mortgage has an above average approval rate when compared to the average across all lenders. Kelley Mortgage 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
    30 Year Conventional Purchase 6.67% 12/16/24
    30 Year Conventional Refi 6.47% 12/16/24
    30 Year Cash-out Refi 6.83% 12/16/24
    30 Year FHA Purchase 7.35% 12/16/24
    30 Year VA Purchase 6.04% 12/16/24
    30 Year VA Refi 6.09% 12/16/24
    30 Year USDA Purchase 6.59% 12/16/24
    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.

    Kelley Mortgage Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Kelley Mortgage. 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

    86

    Origination Dollar Volume (All Markets)

    $14,490,000
    Show all (6) 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
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 39 $7,865,000 $201,667 $996 4.60%
    Outside of Metro Areas 32 $4,330,000 $135,313 $1,069 4.66%
    Lawrenceburg, TN (FHA|USDA|VA) 9 $1,225,000 $136,111 $1,375 4.57%
    Lewisburg, TN (FHA|USDA|VA) 6 $1,070,000 $178,333 $1,003 4.69%
    Kelley Mortgage's top markets include Nashville, Lawrenceburg, and Lewisburg among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against KELLEY MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    KELLEY MORTGAGE, LLC
    Similarity Rank: 412
    US COMMUNITY
    Similarity Rank: 555
    Southeast Financial Credit Union
    Similarity Rank: 742
    THE TENNESSEE CREDIT UNION
    Similarity Rank: 750
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 1228
    Volunteer State Bank
    Similarity Rank: 1728
    Listerhill Credit Union
    Similarity Rank: 1824
    The Farmers Bank
    Similarity Rank: 2013
    First Farmers and Merchants Bank
    Similarity Rank: 2338
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 2548

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 35 $5,335,000 $152,429 $1,045 4.64%
    Conventional 32 $6,190,000 $193,438 $1,131 4.67%
    VA 10 $1,960,000 $196,000 $1,104 4.56%
    USDA 9 $1,005,000 $111,667 $850 4.46%

    For 2018, Kelley Mortgage's most frequently originated type of loan was FHA, with 35 originations. Their 2nd most popular type was Conventional, with 32 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 78 $13,270,000 $170,128 $1,087 4.64%
    Refi 5 $855,000 $171,000 $725 4.63%
    Cash Out Refi 3 $365,000 $121,667 $1,022 4.33%

    For 2018, Kelley Mortgage's most frequently cited loan purpose was Home Purchase, with 78 originations. The 2nd most popular reason was Refi, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 82 $13,870,000 $169,146 $1,065 4.66%
    15 Year 3 $475,000 $158,333 $1,079 3.83%
    20 Year 1 $145,000 $145,000 $885 4.38%

    For 2018, Kelley Mortgage's most frequently cited loan duration was 30 Year, with 82 originations. The 2nd most popular length was 15 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 82 $13,880,000 $169,268
    $1k-2k 3 $485,000 $161,667
    $2k-3k 1 $125,000 $125,000

    Kelley Mortgage's average total fees were $1,065, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 82 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 68 $11,630,000 $171,029
    5-6% 10 $1,660,000 $166,000
    3-4% 8 $1,200,000 $150,000

    During 2018, Kelley Mortgage's average interest rate for loans was 4.66%, while their most frequently originated rate bucket for loans was 4-5%, with 68 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 54 $7,870,000 $145,741 $1,128 4.60%
    $100,000 or less 14 $1,130,000 $80,714 $928 4.78%
    $200k-400k 14 $3,710,000 $265,000 $995 4.51%
    $400k-600k 4 $1,780,000 $445,000 $910 4.78%

    2018 saw Kelley Mortgage place emphasis on $100k-200k loans with 54 originations, totaling $7,870,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 39 $4,775,000 $122,436 $1,062 4.67%
    $50k-75k 23 $3,625,000 $157,609 $1,144 4.66%
    $75k-100k 12 $2,340,000 $195,000 $975 4.46%
    $100k-150k 10 $2,910,000 $291,000 $1,029 4.53%
    $150k-250k 1 $495,000 $495,000 $852 4.88%
    $250k+ 1 $345,000 $345,000 $884 4.75%

    Kelley Mortgage lent most frequently to those with incomes in the $50k or less range, with 39 originations. The second most popular income band? $50k-75k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 17 $2,305,000 $135,588 $955 4.65%
    30-36% 15 $2,125,000 $141,667 $1,119 4.64%
    36% 7 $995,000 $142,143 $1,003 4.66%
    41% 5 $995,000 $199,000 $1,549 4.78%
    46% 5 $685,000 $137,000 $1,119 4.85%
    38% 5 $865,000 $173,000 $943 4.65%
    42% 5 $1,335,000 $267,000 $992 4.38%
    <20% 4 $380,000 $95,000 $1,063 4.44%
    43% 4 $620,000 $155,000 $872 4.72%
    40% 3 $885,000 $295,000 $597 4.33%
    50-60% 3 $815,000 $271,667 $1,007 4.29%
    44% 3 $645,000 $215,000 $910 4.33%
    47% 3 $735,000 $245,000 $936 4.71%
    39% 3 $435,000 $145,000 $995 4.79%
    48% 2 $300,000 $150,000 $2,227 4.75%
    37% 1 $225,000 $225,000 $2,009 5.25%
    49% 1 $145,000 $145,000 $859 4.50%

    Kelley Mortgage lent most frequently to those with DTI ratios of 20-30%, with 17 originations. The next most common DTI ratio? 30-36%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 82 $13,930,000 $169,878 $1,065 4.62%
    Black 3 $465,000 $155,000 $1,061 4.54%
    Other Asian 1 $95,000 $95,000 $939 5.00%

    Approval Rates

    Total approvals of all applications
    95.56%

    Kelley Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 86 $14,490,000 $168,488

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $270,000 $135,000
    Single Family (1-4 Units):Site-Built 84 $14,220,000 $169,286

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $220,000 $110,000 $1,057 4.69%
    40-60% 4 $390,000 $97,500 $764 4.19%
    60-80% 20 $3,910,000 $195,500 $1,223 4.76%
    80-100% 57 $9,265,000 $162,544 $1,037 4.58%
    Over 100% 3 $705,000 $235,000 $913 5.17%