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 Cash Out Refi loans. Kelley Mortgage has a high proportion of conventional loans. They have an average proportion of FHA 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. 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% 12/29/24
    30 Year Conventional Refi 6.47% 12/29/24
    30 Year Cash-out Refi 6.83% 12/29/24
    30 Year FHA Purchase 7.35% 12/29/24
    30 Year VA Purchase 6.04% 12/29/24
    30 Year VA Refi 6.09% 12/29/24
    30 Year USDA Purchase 6.59% 12/29/24
    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

    81

    Origination Dollar Volume (All Markets)

    $17,525,000
    Show all (7) 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
    Outside of Metro Areas 38 $7,090,000 $186,579 $1,735 2.97%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 24 $6,330,000 $263,750 $1,955 2.97%
    Lawrenceburg, TN (FHA|USDA|VA) 14 $3,220,000 $230,000 $1,613 2.88%
    Lewisburg, TN (FHA|USDA|VA) 5 $885,000 $177,000 $865 3.00%
    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: 336
    First Vision Bank of Tennessee
    Similarity Rank: 657
    US COMMUNITY
    Similarity Rank: 686
    TENNESSEE TRUST MORTGAGE, INC
    Similarity Rank: 952
    Southeast Financial Credit Union
    Similarity Rank: 990
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1932
    HERITAGE SOUTH COMMUNITY CU
    Similarity Rank: 2010
    The Farmers Bank
    Similarity Rank: 2295
    First Farmers and Merchants Bank
    Similarity Rank: 2592
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 3328

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 44 $10,050,000 $228,409 $1,525 2.92%
    USDA 17 $3,095,000 $182,059 $1,223 2.99%
    FHA 15 $3,035,000 $202,333 $3,070 3.06%
    VA 5 $1,345,000 $269,000 $1,162 2.88%

    For 2021, Kelley Mortgage's most frequently originated type of loan was Conventional, with 44 originations. Their 2nd most popular type was USDA, with 17 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 56 $11,550,000 $206,250 $1,802 2.99%
    Cash Out Refi 17 $3,985,000 $234,412 $1,823 2.95%
    Refi 8 $1,990,000 $248,750 $981 2.73%

    For 2021, Kelley Mortgage's most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 71 $16,045,000 $225,986 $1,790 3.00%
    15 Year 9 $1,355,000 $150,556 $1,260 2.63%
    Other 1 $125,000 $125,000 $1,365 2.50%

    For 2021, Kelley Mortgage's most frequently cited loan duration was 30 Year, with 71 originations. The 2nd most popular length was 15 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 70 $14,740,000 $210,571
    $5k+ 5 $1,795,000 $359,000
    $3k-4k 3 $535,000 $178,333
    $1k-2k 2 $350,000 $175,000
    $2k-3k 1 $105,000 $105,000

    Kelley Mortgage's average total fees were $1,790, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 70 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 46 $10,190,000 $221,522
    3-4% 29 $6,255,000 $215,690
    <2.5% 6 $1,080,000 $180,000

    During 2021, Kelley Mortgage's average interest rate for loans was 3.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 46 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 36 $9,270,000 $257,500 $1,858 2.93%
    $100k-200k 34 $5,050,000 $148,529 $1,412 3.01%
    $400k-600k 6 $2,800,000 $466,667 $3,244 2.98%
    $100,000 or less 5 $405,000 $81,000 $1,078 2.73%

    2021 saw Kelley Mortgage place emphasis on $200k-400k loans with 36 originations, totaling $9,270,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 32 $5,120,000 $160,000 $1,569 3.02%
    $50k-75k 21 $4,145,000 $197,381 $1,346 2.98%
    $75k-100k 15 $3,855,000 $257,000 $1,641 2.82%
    $100k-150k 9 $2,835,000 $315,000 $3,600 2.90%
    $150k-250k 3 $1,335,000 $445,000 $1,059 3.04%
    $250k+ 1 $235,000 $235,000 $1,092 2.75%

    Kelley Mortgage lent most frequently to those with incomes in the $50k or less range, with 32 originations. The second most popular income band? $50k-75k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 27 $6,485,000 $240,185 $1,530 2.93%
    20-30% 16 $2,650,000 $165,625 $1,445 2.90%
    <20% 6 $760,000 $126,667 $1,447 3.00%
    36% 5 $1,205,000 $241,000 $4,976 3.10%
    42% 4 $830,000 $207,500 $1,218 3.13%
    37% 4 $870,000 $217,500 $983 3.03%
    46% 3 $465,000 $155,000 $2,260 3.08%
    44% 3 $715,000 $238,333 $1,669 2.88%
    39% 2 $550,000 $275,000 $1,051 3.06%
    38% 2 $430,000 $215,000 $1,430 2.88%
    47% 2 $620,000 $310,000 $1,042 2.94%
    40% 2 $690,000 $345,000 $4,176 2.94%
    Exempt% 1 $195,000 $195,000 $107 2.88%
    41% 1 $265,000 $265,000 $1,052 3.00%
    48% 1 $245,000 $245,000 $1,060 3.13%
    49% 1 $315,000 $315,000 $2,530 2.63%
    50-60% 1 $235,000 $235,000 $1,040 2.63%

    Kelley Mortgage lent most frequently to those with DTI ratios of 30-36%, with 27 originations. The next most common DTI ratio? 20-30%, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 77 $16,725,000 $217,208 $1,588 2.96%
    Black 4 $800,000 $200,000 $4,366 2.91%

    Approval Rates

    Total approvals of all applications
    94.57%

    Kelley Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.59%

    Kelley Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 81 $17,525,000 $216,358

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    81 $17,525,000 $216,358

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $660,000 $110,000 $1,059 2.71%
    40-60% 6 $1,220,000 $203,333 $1,123 2.92%
    60-80% 19 $4,755,000 $250,263 $1,722 3.03%
    80-100% 43 $9,455,000 $219,884 $1,962 2.99%
    Over 100% 1 $245,000 $245,000 $1,042 3.25%