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 and Refi loans. Kelley Mortgage has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Nashville, Lawrenceburg, Lewisburg, Shelbyville, and Tullahoma among others. We have data for 6 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. They have an above average pick rate when compared to similar 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

    97

    Origination Dollar Volume (All Markets)

    $17,675,000
    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) 38 $8,200,000 $215,789 $2,280 3.22%
    Outside of Metro Areas 39 $5,745,000 $147,308 $2,229 3.26%
    Lawrenceburg, TN (FHA|USDA|VA) 12 $2,020,000 $168,333 $2,374 3.17%
    Lewisburg, TN (FHA|USDA|VA) 6 $1,200,000 $200,000 $2,449 3.31%
    Shelbyville, TN (FHA|USDA|VA) 1 $295,000 $295,000 $960 3.50%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $215,000 $215,000 $1,033 3.00%
    Kelley Mortgage's top markets include Nashville, Lawrenceburg, Lewisburg, Shelbyville, and Tullahoma 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.

    Old Hickory Credit Union
    Similarity Rank: 680
    TENNESSEE TRUST MORTGAGE, INC
    Similarity Rank: 684
    Legacy Home Loans, LLC
    Similarity Rank: 832
    First Advantage Bank
    Similarity Rank: 834
    KELLEY MORTGAGE, LLC
    Similarity Rank: 1350
    The Farmers Bank
    Similarity Rank: 1430
    SHELTER MORTGAGE COMPANY, L.L.C.
    Similarity Rank: 1771
    Leaders Credit Union
    Similarity Rank: 1786
    US COMMUNITY
    Similarity Rank: 1818
    Independent Bank
    Similarity Rank: 2175

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 50 $9,340,000 $186,800 $1,745 3.19%
    FHA 29 $5,625,000 $193,966 $3,410 3.27%
    USDA 14 $1,990,000 $142,143 $1,907 3.33%
    VA 4 $720,000 $180,000 $1,477 3.25%

    For 2020, Kelley Mortgage's most frequently originated type of loan was Conventional, with 50 originations. Their 2nd most popular type was FHA, with 29 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 64 $11,700,000 $182,813 $2,503 3.33%
    Refi 23 $4,185,000 $181,957 $1,718 3.04%
    Cash Out Refi 10 $1,790,000 $179,000 $1,903 3.10%

    For 2020, Kelley Mortgage's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 80 $14,820,000 $185,250 $2,404 3.30%
    15 Year 14 $2,250,000 $160,714 $1,640 2.92%
    20 Year 3 $605,000 $201,667 $1,163 2.88%

    For 2020, Kelley Mortgage's most frequently cited loan duration was 30 Year, with 80 originations. The 2nd most popular length was 15 Year, with 14 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 60 $10,680,000 $178,000
    $1k-2k 11 $2,005,000 $182,273
    $2k-3k 10 $1,440,000 $144,000
    $3k-4k 7 $1,225,000 $175,000
    $4k-5k 5 $1,325,000 $265,000
    $5k+ 4 $1,000,000 $250,000

    Kelley Mortgage's average total fees were $2,404, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 60 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 62 $10,970,000 $176,935
    2.5-3% 32 $6,200,000 $193,750
    4-5% 2 $370,000 $185,000
    <2.5% 1 $135,000 $135,000

    During 2020, Kelley Mortgage's average interest rate for loans was 3.30%, while their most frequently originated rate bucket for loans was 3-4%, with 62 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 50 $7,530,000 $150,600 $2,120 3.27%
    $200k-400k 34 $8,450,000 $248,529 $2,644 3.18%
    $100,000 or less 11 $835,000 $75,909 $1,502 3.25%
    $400k-600k 2 $860,000 $430,000 $3,160 3.19%

    2020 saw Kelley Mortgage place emphasis on $100k-200k loans with 50 originations, totaling $7,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 37 $5,075,000 $137,162 $2,129 3.30%
    $50k-75k 25 $4,205,000 $168,200 $2,305 3.24%
    $100k-150k 17 $4,345,000 $255,588 $2,424 3.15%
    $75k-100k 12 $2,790,000 $232,500 $2,093 3.16%
    $150k-250k 3 $775,000 $258,333 $2,266 2.92%
    $250k+ 1 $115,000 $115,000 $3,298 4.50%

    Kelley Mortgage lent most frequently to those with incomes in the $50k or less range, with 37 originations. The second most popular income band? $50k-75k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 22 $3,130,000 $142,273 $2,423 3.35%
    20-30% 21 $4,175,000 $198,810 $2,333 3.22%
    42% 8 $1,350,000 $168,750 $1,714 3.27%
    <20% 6 $800,000 $133,333 $1,745 3.38%
    41% 5 $865,000 $173,000 $1,641 3.25%
    36% 4 $670,000 $167,500 $1,874 3.13%
    50-60% 4 $980,000 $245,000 $2,196 3.06%
    40% 4 $810,000 $202,500 $1,389 3.09%
    49% 3 $655,000 $218,333 $1,171 3.13%
    37% 3 $395,000 $131,667 $1,391 3.46%
    43% 3 $745,000 $248,333 $4,068 3.08%
    46% 3 $585,000 $195,000 $3,575 3.17%
    45% 2 $410,000 $205,000 $4,806 3.13%
    39% 2 $410,000 $205,000 $1,042 3.12%
    47% 2 $710,000 $355,000 $3,171 3.00%
    38% 2 $380,000 $190,000 $3,009 3.31%
    Exempt% 1 $135,000 $135,000 $1,457 3.13%
    44% 1 $235,000 $235,000 $1,632 3.00%

    Kelley Mortgage lent most frequently to those with DTI ratios of 30-36%, with 22 originations. The next most common DTI ratio? 20-30%, with 21 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 93 $16,695,000 $179,516 $2,170 3.23%
    Black 3 $675,000 $225,000 $2,573 3.46%
    Other Asian 1 $305,000 $305,000 $9,188 3.25%

    Approval Rates

    Total approvals of all applications
    95.28%

    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
    95.88%

    Kelley Mortgage has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 97 $17,675,000 $182,216

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 97 $17,675,000 $182,216

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $200,000 $100,000 $1,743 2.63%
    40-60% 11 $1,355,000 $123,182 $1,323 3.16%
    60-80% 23 $5,025,000 $218,478 $2,088 3.35%
    80-100% 55 $10,085,000 $183,364 $2,574 3.25%