Key West Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Key West averaged
6.81%
for the week of 2025-04-03, compared to the national average of
6.64% for the same period.
The average rate for the prior week (2025-03-27) was
7.12% and
one month ago for the week of 2025-02-27, the
average rate was 7.13%.
Key West's average rate one year ago was 6.96%.
For refis of the same type during the week of 2025-04-03, the average rate
was 6.94%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-04-03 | 6.64% |
| Key West 30 Year Fixed Rate | 2025-04-03 | 6.81% |
| Key West 30 Year Fixed Rate Refi | 2025-04-03 | 6.94% |
| Key West 15 Year Fixed Rate | 2025-04-03 | 6.02% |
| Key West 15 Year Fixed Rate Refi | 2025-04-03 | 5.72% |
| Key West 30 Year FHA | 2025-04-03 | 6.16% |
| Key West 30 Year FHA Refi | 2025-04-03 | 6.46% |
| Key West 30 Year USDA | 2025-04-03 | 6.52% |
| Key West 30 Year USDA Refi | 2025-04-03 | 6.22% |
| Key West 30 Year VA | 2025-04-03 | 6.09% |
| Key West 30 Year VA Refi | 2025-04-03 | 6.26% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Key West, FL.
Key West Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Key West, FL market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Key West Average Closing Costs & Other Stats
Key West, FL's 135 lenders originated 1,476
loans during 2024. The total origination value was $1,064,990,000, with an average loan value of
$721,538.
Key West's average closing costs are $9,628.
The top Key West lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
112 loans originated. Their average total fees are
$19,072, which is $9,660
higher than the next largest lender,
First Horizon Bank.
The lowest fee Key West lenders (with over 10 loans originated) are
Truist ($7,691), South State Bank ($8,476), Centennial Bank ($8,831), First Horizon Bank ($9,412) and Citizens Bank ($9,721).
The lowest rate Key West lenders (with over 10 loans originated) are
Morgan Stanley Private Bank (5.98%), Wells Fargo Bank (6.36%), JPMorgan Chase Bank (6.59%), First Horizon Bank (6.73%) and Truist (6.73%).
Key West, FL Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $102,105,000 | $142,125,000 | 39.2% | 13.3% |
| First Horizon Bank | $107,255,000 | $77,575,000 | -27.7% | 7.3% |
| QUICKEN LOANS, LLC | $33,860,000 | $43,755,000 | 29.2% | 4.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $24,860,000 | $34,915,000 | 40.4% | 3.3% |
| Centennial Bank | $24,415,000 | $28,610,000 | 17.2% | 2.7% |
| JPMorgan Chase Bank | $24,835,000 | $24,980,000 | 0.6% | 2.3% |
| Citizens Bank | $5,425,000 | $23,250,000 | 328.6% | 2.2% |
| DEEPHAVEN MORTGAGE LLC | $4,430,000 | $21,135,000 | 377.1% | 2.0% |
| U.S. Bank | $13,530,000 | $19,960,000 | 47.5% | 1.9% |
| South State Bank | $26,490,000 | $18,095,000 | -31.7% | 1.7% |
| A&D Mortgage LLC | $16,965,000 | $17,470,000 | 3.0% | 1.6% |
| Morgan Stanley Private Bank | $24,540,000 | $16,060,000 | -34.6% | 1.5% |
| HOMEXPRESS MORTGAGE CORP. | $6,615,000 | $15,855,000 | 139.7% | 1.5% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $13,305,000 | $15,655,000 | 17.7% | 1.5% |
| Bank of America | $33,490,000 | $13,700,000 | -59.1% | 1.3% |
| Wells Fargo Bank | $16,595,000 | $13,225,000 | -20.3% | 1.2% |
| Truist | $20,045,000 | $12,710,000 | -36.6% | 1.2% |
| Century Mortgage Company DBA Century Lending Company | $4,260,000 | $12,385,000 | 190.7% | 1.2% |
| NEWREZ LLC | $4,295,000 | $11,690,000 | 172.2% | 1.1% |
| The Loan Store, Inc. | $2,045,000 | $10,920,000 | 434.0% | 1.0% |
| UBS Bank USA | $3,070,000 | $10,375,000 | 237.9% | 1.0% |
| Flagstar Bank, FSB | $8,245,000 | $9,385,000 | 13.8% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $3,150,000 | $8,890,000 | 182.2% | 0.8% |
| City National Bank | $1,505,000 | $8,745,000 | 481.1% | 0.8% |
| Citadel Servicing Corporation | $10,455,000 | $8,570,000 | -18.0% | 0.8% |
| City National Bank of Florida | $7,715,000 | $7,360,000 | -4.6% | 0.7% |
| First Merchants Bank | $7,305,000 | n/a | 0.7% | |
| First-Citizens Bank & Trust Company | $5,925,000 | $7,040,000 | 18.8% | 0.7% |
| Fifth Third Bank | $4,170,000 | $7,025,000 | 68.5% | 0.7% |
| Old National Bank | $3,490,000 | $6,865,000 | 96.7% | 0.6% |
| The Northern Trust Company | $35,995,000 | $6,840,000 | -81.0% | 0.6% |
| STOCKTON MORTGAGE CORPORATION | $1,460,000 | $6,735,000 | 361.3% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $9,280,000 | $6,385,000 | -31.2% | 0.6% |
| First Carolina Bank | $2,965,000 | $6,375,000 | 115.0% | 0.6% |
| Paramount Residential Mortgage Group, Inc. | $8,115,000 | $6,365,000 | -21.6% | 0.6% |
| M&T Bank | $565,000 | $6,325,000 | 1,019.5% | 0.6% |
| NEXERA HOLDING LLC | $8,005,000 | $6,240,000 | -22.0% | 0.6% |
| OCMBC, INC. | $2,120,000 | $6,160,000 | 190.6% | 0.6% |
| GUARANTEED RATE, INC. | $4,885,000 | $6,150,000 | 25.9% | 0.6% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $2,880,000 | $5,930,000 | 105.9% | 0.6% |
| BMO Harris Bank | $505,000 | $5,905,000 | 1,069.3% | 0.6% |
| Raymond James Bank | $5,135,000 | $5,690,000 | 10.8% | 0.5% |
| Mortgage Research Center, LLC | $4,415,000 | $5,265,000 | 19.3% | 0.5% |
| Charles Schwab Bank, SSB | $7,005,000 | $5,090,000 | -27.3% | 0.5% |
| Citibank | $8,520,000 | $4,960,000 | -41.8% | 0.5% |
| PLAZA HOME MORTGAGE, INC. | $4,920,000 | $4,955,000 | 0.7% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $345,000 | $4,735,000 | 1,272.5% | 0.4% |
| PNC Bank | $6,505,000 | $4,675,000 | -28.1% | 0.4% |
| Regions Bank | $8,225,000 | $4,500,000 | -45.3% | 0.4% |
| LOANDEPOT.COM, LLC | $3,955,000 | $4,435,000 | 12.1% | 0.4% |
| Ocean Bank | $1,080,000 | $4,355,000 | 303.2% | 0.4% |
| Minnwest Bank | $4,335,000 | n/a | 0.4% | |
| Prime Meridian Bank | $1,990,000 | $4,295,000 | 115.8% | 0.4% |
| Hometown Equity Mortgage, LLC | $4,055,000 | $4,180,000 | 3.1% | 0.4% |
| FINANCE OF AMERICA REVERSE LLC | $3,830,000 | $4,095,000 | 6.9% | 0.4% |
| ServisFirst Bank | $3,905,000 | n/a | 0.4% | |
| Seacoast National Bank | $6,615,000 | $3,835,000 | -42.0% | 0.4% |
| TD Bank | $8,690,000 | $3,805,000 | -56.2% | 0.4% |
| ARC HOME LLC | $3,725,000 | $3,750,000 | 0.7% | 0.4% |
| NFM, INC. | $2,980,000 | $3,750,000 | 25.8% | 0.4% |
| GUILD MORTGAGE COMPANY | $3,655,000 | n/a | 0.3% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,110,000 | $3,570,000 | 221.6% | 0.3% |
| Logan Finance Corporation | $2,405,000 | $3,560,000 | 48.0% | 0.3% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $155,000 | $3,475,000 | 2,141.9% | 0.3% |
| NP, Inc. | $3,470,000 | n/a | 0.3% | |
| Figure Lending LLC | $1,305,000 | $3,455,000 | 164.8% | 0.3% |
| First National Bank of Pennsylvania | $3,430,000 | n/a | 0.3% | |
| SPACE COAST Credit Union | $2,085,000 | $3,350,000 | 60.7% | 0.3% |
| CMG MORTGAGE, INC. | $2,595,000 | $3,240,000 | 24.9% | 0.3% |
| AFFORDABLE MORTGAGE ADVISORS, LLC. | $3,065,000 | n/a | 0.3% | |
| Cornerstone First Mortgage, Inc | $2,330,000 | $3,025,000 | 29.8% | 0.3% |
| BROKER SOLUTIONS, INC. | $790,000 | $3,005,000 | 280.4% | 0.3% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $2,885,000 | n/a | 0.3% | |
| SWBC MORTGAGE CORPORATION | $2,020,000 | $2,865,000 | 41.8% | 0.3% |
| AMERICAN FINANCIAL NETWORK, INC. | $4,635,000 | $2,810,000 | -39.4% | 0.3% |
| Northpointe Bank | $1,425,000 | $2,765,000 | 94.0% | 0.3% |
| UNION HOME MORTGAGE CORP. | $3,655,000 | $2,760,000 | -24.5% | 0.3% |
| TOTAL MORTGAGE SERVICES, LLC | $2,565,000 | n/a | 0.2% | |
| First National Bank | $2,505,000 | n/a | 0.2% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,895,000 | $2,485,000 | 31.1% | 0.2% |
| EVERETT FINANCIAL, INC. | $2,480,000 | n/a | 0.2% | |
| KEMBA CREDIT UNION, INC. | $2,405,000 | n/a | 0.2% | |
| LAKE MICHIGAN CREDIT UNION | $3,700,000 | $2,375,000 | -35.8% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $265,000 | $2,360,000 | 790.6% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $1,870,000 | $2,325,000 | 24.3% | 0.2% |
| Goldman Sachs Bank USA | $6,495,000 | $2,285,000 | -64.8% | 0.2% |
| First Federal Savings Bank | $2,275,000 | n/a | 0.2% | |
| AMERISAVE MORTGAGE CORPORATION | $950,000 | $2,160,000 | 127.4% | 0.2% |
| FBC MORTGAGE, LLC | $2,135,000 | n/a | 0.2% | |
| First Community Bank | $2,125,000 | n/a | 0.2% | |
| BAY EQUITY LLC | $1,285,000 | $2,115,000 | 64.6% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $595,000 | $2,045,000 | 243.7% | 0.2% |
| JMAC LENDING, INC. | $2,025,000 | n/a | 0.2% | |
| LENDINGHOME FUNDING CORPORATION | $1,635,000 | $1,985,000 | 21.4% | 0.2% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $1,640,000 | $1,975,000 | 20.4% | 0.2% |
| Regional Missouri Bank | $2,875,000 | $1,955,000 | -32.0% | 0.2% |
| Performance Financial, Inc. | $1,950,000 | n/a | 0.2% | |
| Sierra Pacific Mortgage Company, Inc. | $1,350,000 | $1,845,000 | 36.7% | 0.2% |
| LONGBRIDGE FINANCIAL, LLC | $1,375,000 | $1,800,000 | 30.9% | 0.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $2,195,000 | $1,785,000 | -18.7% | 0.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $5,070,000 | $1,665,000 | -67.2% | 0.2% |
| Union Savings Bank | $3,005,000 | $1,660,000 | -44.8% | 0.2% |
| Plains Commerce Bank | $3,935,000 | $1,605,000 | -59.2% | 0.2% |
| Bank OZK | $1,585,000 | n/a | 0.1% | |
| American Airlines Federal Credit Union | $1,030,000 | $1,555,000 | 51.0% | 0.1% |
| POINT Mortgage | $1,495,000 | $1,545,000 | 3.3% | 0.1% |
| SCOTT CREDIT UNION | $1,535,000 | n/a | 0.1% | |
| ADVANCIAL | $1,530,000 | n/a | 0.1% | |
| Sanibel Captiva Community Bank | $1,530,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $3,100,000 | $1,525,000 | -50.8% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,500,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $355,000 | $1,465,000 | 312.7% | 0.1% |
| Equity Prime Mortgage LLC | $705,000 | $1,455,000 | 106.4% | 0.1% |
| BAYSHORE MORTGAGE FUNDING, LLC | $1,430,000 | n/a | 0.1% | |
| QUORUM FEDERAL CREDIT UNION | $295,000 | $1,400,000 | 374.6% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,790,000 | $1,395,000 | -22.1% | 0.1% |
| TIDEWATER MORTGAGE SERVICES, INC. | $1,385,000 | n/a | 0.1% | |
| Home Mortgage Alliance Corp | $1,365,000 | n/a | 0.1% | |
| LENDSURE MORTGAGE CORP. | $2,145,000 | $1,355,000 | -36.8% | 0.1% |
| GEORGIA'S OWN | $1,035,000 | $1,345,000 | 30.0% | 0.1% |
| First Federal Bank of the Midwest | $1,340,000 | n/a | 0.1% | |
| Luxury Mortgage Corp. | $1,340,000 | n/a | 0.1% | |
| Banco do Brasil Americas | $1,335,000 | n/a | 0.1% | |
| Carrington Mortgage Services, LLC | $445,000 | $1,260,000 | 183.1% | 0.1% |
| GoPrime Mortgage, Inc. | $1,255,000 | n/a | 0.1% | |
| TOWNE MORTGAGE COMPANY | $965,000 | $1,240,000 | 28.5% | 0.1% |
| FineMark National Bank & Trust | $1,230,000 | n/a | 0.1% | |
| Busey Bank | $705,000 | $1,225,000 | 73.8% | 0.1% |
| Mercantile Bank of Michigan | $1,205,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $585,000 | $1,175,000 | 100.9% | 0.1% |
| Stifel Bank and Trust | $345,000 | $1,155,000 | 234.8% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $1,835,000 | $1,130,000 | -38.4% | 0.1% |
| Florida Capital Bank | $1,110,000 | n/a | 0.1% | |
| NEW WAVE LENDING GROUP INC | $1,100,000 | n/a | 0.1% | |
| International Finance Bank | $1,055,000 | n/a | 0.1% | |
| DG PINNACLE FUNDING LLC | $725,000 | $1,025,000 | 41.4% | 0.1% |
| Ally Bank | $1,005,000 | n/a | 0.1% | |
| KeyBank | $1,005,000 | n/a | 0.1% | |
| SouthEast Bank | $1,005,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $455,000 | $995,000 | 118.7% | 0.1% |
| MY MORTGAGE, INC. | $1,645,000 | $985,000 | -40.1% | 0.1% |
| AMWEST FUNDING CORP. | $3,870,000 | $980,000 | -74.7% | 0.1% |
| HOME FINANCING CENTER, INC. | $950,000 | n/a | 0.1% | |
| Truity Federal Credit Union | $925,000 | n/a | 0.1% | |
| Baxter Credit Union | $405,000 | $875,000 | 116.0% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $870,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $1,040,000 | $865,000 | -16.8% | 0.1% |
| Coastal Community Bank | $795,000 | $795,000 | 0.0% | 0.1% |
| Bell Bank | $875,000 | $765,000 | -12.6% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $765,000 | n/a | 0.1% | |
| First Reliance Bank | $765,000 | n/a | 0.1% | |
| Strong Home Mortgage, LLC | $765,000 | n/a | 0.1% | |
| Dieterich Bank | $755,000 | n/a | 0.1% | |
| NORWICH COMMERCIAL GROUP, INC. | $755,000 | n/a | 0.1% | |
| Southern Bank and Trust Company | $755,000 | n/a | 0.1% | |
| SUMMIT FUNDING, INC. | $755,000 | n/a | 0.1% | |
| The Gratz Bank | $755,000 | n/a | 0.1% | |
| DIRECT MORTGAGE LOANS, LLC | $1,310,000 | $745,000 | -43.1% | 0.1% |
| Pinnacle Bank | $755,000 | $745,000 | -1.3% | 0.1% |
| RADIUS FINANCIAL GROUP INC. | $1,180,000 | $745,000 | -36.9% | 0.1% |
| The North Salem State Bank | $745,000 | n/a | 0.1% | |
| Encompass Lending Group, LP | $735,000 | n/a | 0.1% | |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $725,000 | n/a | 0.1% | |
| Rockland Trust Company | $715,000 | n/a | 0.1% | |
| Toyota Financial Savings Bank | $715,000 | n/a | 0.1% | |
| AMERICAN HERITAGE LENDING, INC. | $955,000 | $705,000 | -26.2% | 0.1% |
| Cornerstone Bank | $705,000 | n/a | 0.1% | |
| USF Federal Credit Union | $705,000 | n/a | 0.1% | |
| Discover Bank | $740,000 | $695,000 | -6.1% | 0.1% |
| Desjardins Bank | $1,060,000 | $685,000 | -35.4% | 0.1% |
| MORTGAGE FINANCIAL GROUP, INC. | $685,000 | n/a | 0.1% | |
| Home Federal Bank | $645,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $645,000 | n/a | 0.1% | |
| RBC Bank, (Georgia) | $205,000 | $645,000 | 214.6% | 0.1% |
| The Genoa Banking Company | $645,000 | n/a | 0.1% | |
| HighTechLending Inc | $635,000 | n/a | 0.1% | |
| EASTMAN | $625,000 | n/a | 0.1% | |
| OAKTREE FUNDING CORP. | $990,000 | $615,000 | -37.9% | 0.1% |
| Axos Bank | $4,805,000 | $605,000 | -87.4% | 0.1% |
| Farmers Bank & Trust Company | $605,000 | n/a | 0.1% | |
| ALLIANT CREDIT UNION | $1,150,000 | $565,000 | -50.9% | 0.1% |
| STANFORD Federal Credit Union | $565,000 | n/a | 0.1% | |
| PrimeSouth Bank | $555,000 | n/a | 0.1% | |
| Quontic Bank | $545,000 | n/a | 0.1% | |
| Bethpage Federal Credit Union | $400,000 | $505,000 | 26.3% | 0.0% |
| CNB Bank | $1,965,000 | $505,000 | -74.3% | 0.0% |
| Commerce Bank | $505,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $1,515,000 | $505,000 | -66.7% | 0.0% |
| FOUNDATION MORTGAGE CORPORATION | $505,000 | n/a | 0.0% | |
| GENEVA FINANCIAL, LLC | $505,000 | n/a | 0.0% | |
| ITHINK FINANCIAL Credit Union | $1,385,000 | $505,000 | -63.5% | 0.0% |
| OceanFirst Bank | $305,000 | $505,000 | 65.6% | 0.0% |
| VYSTAR | $505,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $650,000 | $485,000 | -25.4% | 0.0% |
| BANKORION | $465,000 | n/a | 0.0% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $365,000 | $455,000 | 24.7% | 0.0% |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $585,000 | $455,000 | -22.2% | 0.0% |
| The Federal Savings Bank | $445,000 | n/a | 0.0% | |
| CAPITAL CENTER, L.L.C. | $435,000 | n/a | 0.0% | |
| Popular Bank | $305,000 | $425,000 | 39.3% | 0.0% |
| TOWER | $255,000 | $400,000 | 56.9% | 0.0% |
| LENDING CAPITAL GROUP Inc | $375,000 | n/a | 0.0% | |
| Nicolet National Bank | $1,525,000 | $375,000 | -75.4% | 0.0% |
| OPEN MORTGAGE, LLC | $375,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $375,000 | n/a | 0.0% | |
| FidelityLending Solutions Inc. dba Wholesale Mortgage Bankers | $355,000 | n/a | 0.0% | |
| UNITED NORTHERN MORTGAGE BANKERS LIMITED | $325,000 | n/a | 0.0% | |
| First American Bank | $525,000 | $310,000 | -41.0% | 0.0% |
| GTE Federal Credit Union | $540,000 | $310,000 | -42.6% | 0.0% |
| DFCU FINANCIAL | $305,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $305,000 | n/a | 0.0% | |
| Meridian Bank Corporation | $305,000 | n/a | 0.0% | |
| RF Renovo Management Company, LLC | $3,660,000 | $305,000 | -91.7% | 0.0% |
| Commerce Home Mortgage, Inc. | $7,920,000 | $290,000 | -96.3% | 0.0% |
| Bangor Savings Bank | $275,000 | n/a | 0.0% | |
| SunMark Community Bank | $265,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $255,000 | n/a | 0.0% | |
| The Park National Bank | $1,505,000 | $255,000 | -83.1% | 0.0% |
| FUNDLOANS CAPITAL | $3,510,000 | $245,000 | -93.0% | 0.0% |
| MICHIGAN MUTUAL, INC. | $475,000 | $225,000 | -52.6% | 0.0% |
| First National Bank of America | $215,000 | n/a | 0.0% | |
| CHEVRON | $205,000 | n/a | 0.0% | |
| PRINCE GEORGE'S COMMUNITY | $75,000 | $205,000 | 173.3% | 0.0% |
| USAA Federal Savings Bank | $1,100,000 | $155,000 | -85.9% | 0.0% |
| Goldwater Bank, N.A. | $125,000 | n/a | 0.0% | |
| First Bank & Trust Co. | $55,000 | n/a | 0.0% | |
| Miami Postal Service Credit Union | $55,000 | n/a | 0.0% | |
| SOUTH FLORIDA EDUCATIONAL | $595,000 | $45,000 | -92.4% | 0.0% |
Key West's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 13.3% market share. In second place, with 7.3%, is First Horizon Bank, having originated $77,575,000 in loans. In third place, with 4.1%, is QUICKEN LOANS, LLC, having originated $43,755,000 in loans. In fourth place, with 3.3%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $34,915,000 in loans. In fifth place, with 2.7%, is Centennial Bank, having originated $28,610,000 in loans.
Key West Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Key West (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $704,750 (14.0%) | $1,328,843 (25.9%) | 0.00 | 1,487 |
| 2018-02-01 | $699,475 (12.6%) | $1,345,139 (27.5%) | 0.00 | 1,533 |
| 2018-03-01 | $699,000 (11.6%) | $1,344,064 (27.0%) | 0.00 | 1,616 |
| 2018-04-01 | $699,475 (5.2%) | $1,353,822 (12.5%) | 0.00 | 1,631 |
| 2018-05-01 | $699,000 (3.6%) | $1,341,537 (11.7%) | 0.00 | 1,595 |
| 2018-06-01 | $699,000 (3.1%) | $1,323,883 (8.2%) | 0.00 | 1,588 |
| 2018-07-01 | $699,000 (3.6%) | $1,315,239 (5.9%) | 0.00 | 1,611 |
| 2018-08-01 | $699,000 (4.4%) | $1,315,244 (5.7%) | 0.00 | 1,581 |
| 2018-09-01 | $699,000 (3.6%) | $1,314,290 (4.7%) | 0.00 | 1,547 |
| 2018-10-01 | $699,000 (3.9%) | $1,301,814 (0.8%) | 0.00 | 1,589 |
| 2018-11-01 | $729,250 (4.3%) | $1,325,866 (1.0%) | 0.00 | 1,717 |
| 2018-12-01 | $729,000 (4.3%) | $1,326,002 (1.2%) | 0.00 | 1,824 |
| 2019-01-01 | $728,625 (3.4%) | $1,312,001 (-1.3%) | 0.00 | 1,931 |
| 2019-02-01 | $722,500 (3.3%) | $1,294,392 (-3.8%) | 0.00 | 2,016 |
| 2019-03-01 | $735,286 (5.2%) | $1,308,788 (-2.6%) | 0.00 | 1,969 |
| 2019-04-01 | $749,000 (7.1%) | $1,326,716 (-2.0%) | 0.00 | 1,889 |
| 2019-05-01 | $768,000 (9.9%) | $1,371,051 (2.2%) | 0.00 | 1,797 |
| 2019-06-01 | $750,000 (7.3%) | $1,355,550 (2.4%) | 0.00 | 1,735 |
| 2019-07-01 | $759,750 (8.7%) | $1,366,157 (3.9%) | 0.00 | 1,693 |
| 2019-08-01 | $780,236 (11.6%) | $1,396,131 (6.2%) | 0.00 | 1,609 |
| 2019-09-01 | $788,541 (12.8%) | $1,437,834 (9.4%) | 0.00 | 1,509 |
| 2019-10-01 | $795,000 (13.7%) | $1,473,775 (13.2%) | 0.00 | 1,433 |
| 2019-11-01 | $799,000 (9.6%) | $1,484,099 (11.9%) | 0.00 | 1,504 |
| 2019-12-01 | $799,000 (9.6%) | $1,499,748 (13.1%) | 0.00 | 1,617 |
| 2020-01-01 | $802,350 (10.1%) | $1,515,338 (15.5%) | 0.00 | 1,650 |
| 2020-02-01 | $799,000 (10.6%) | $1,484,825 (14.7%) | 0.00 | 1,748 |
| 2020-03-01 | $799,475 (8.7%) | $1,505,420 (15.0%) | 0.00 | 1,755 |
| 2020-04-01 | $799,000 (6.7%) | $1,490,227 (12.3%) | 0.00 | 1,678 |
| 2020-05-01 | $799,000 (4.0%) | $1,512,138 (10.3%) | 0.00 | 1,610 |
| 2020-06-01 | $799,225 (6.6%) | $1,534,031 (13.2%) | 0.00 | 1,496 |
| 2020-07-01 | $822,500 (8.3%) | $1,589,419 (16.3%) | 0.00 | 1,385 |
| 2020-08-01 | $849,000 (8.8%) | $1,628,983 (16.7%) | 0.00 | 1,233 |
| 2020-09-01 | $867,000 (10.0%) | $1,666,410 (15.9%) | 0.00 | 1,186 |
| 2020-10-01 | $849,250 (6.8%) | $1,693,184 (14.9%) | 0.00 | 1,150 |
| 2020-11-01 | $875,000 (9.5%) | $1,734,056 (16.8%) | 0.00 | 1,099 |
| 2020-12-01 | $857,000 (7.3%) | $1,749,362 (16.6%) | 0.00 | 1,043 |
| 2021-01-01 | $864,000 (7.7%) | $1,804,015 (19.1%) | 0.00 | 977 |
| 2021-02-01 | $860,000 (7.6%) | $1,797,728 (21.1%) | 0.00 | 812 |
| 2021-03-01 | $878,750 (9.9%) | $1,803,779 (19.8%) | 0.00 | 699 |
| 2021-04-01 | $890,625 (11.5%) | $1,904,633 (27.8%) | 0.00 | 594 |
| 2021-05-01 | $995,000 (24.5%) | $2,032,472 (34.4%) | 0.00 | 512 |
| 2021-06-01 | $1,050,000 (31.4%) | $2,069,082 (34.9%) | 0.00 | 512 |
| 2021-07-01 | $1,100,000 (33.7%) | $2,107,807 (32.6%) | 0.00 | 517 |
| 2021-08-01 | $1,116,382 (31.5%) | $2,062,732 (26.6%) | 0.00 | 530 |
| 2021-09-01 | $1,161,000 (33.9%) | $2,103,248 (26.2%) | 0.00 | 545 |
| 2021-10-01 | $1,162,500 (36.9%) | $2,046,936 (20.9%) | 0.00 | 543 |
| 2021-11-01 | $1,212,500 (38.6%) | $2,129,689 (22.8%) | 0.00 | 525 |
| 2021-12-01 | $1,200,000 (40.0%) | $2,112,171 (20.7%) | 0.00 | 499 |
| 2022-01-01 | $1,214,500 (40.6%) | $2,098,812 (16.3%) | 0.00 | 487 |
| 2022-02-01 | $1,311,000 (52.4%) | $2,130,723 (18.5%) | 0.00 | 456 |
| 2022-03-01 | $1,275,000 (45.1%) | $2,138,833 (18.6%) | 0.00 | 445 |
| 2022-04-01 | $1,295,000 (45.4%) | $2,108,246 (10.7%) | 0.00 | 436 |
| 2022-05-01 | $1,362,500 (36.9%) | $2,514,157 (23.7%) | 0.00 | 501 |
| 2022-06-01 | $1,325,000 (26.2%) | $2,549,680 (23.2%) | 0.00 | 545 |
| 2022-07-01 | $1,299,000 (18.1%) | $2,470,506 (17.2%) | 0.00 | 622 |
| 2022-08-01 | $1,289,250 (15.5%) | $2,383,808 (15.6%) | 0.00 | 656 |
| 2022-09-01 | $1,262,500 (8.7%) | $2,396,227 (13.9%) | 0.00 | 660 |
| 2022-10-01 | $1,299,000 (11.7%) | $2,425,642 (18.5%) | 0.00 | 662 |
| 2022-11-01 | $1,350,000 (11.3%) | $2,425,276 (13.9%) | 0.00 | 722 |
| 2022-12-01 | $1,350,000 (12.5%) | $2,407,096 (14.0%) | 0.00 | 773 |
| 2023-01-01 | $1,416,225 (16.6%) | $2,454,050 (16.9%) | 0.00 | 818 |
| 2023-02-01 | $1,472,500 (12.3%) | $2,509,966 (17.8%) | 0.00 | 839 |
| 2023-03-01 | $1,489,750 (16.8%) | $2,557,970 (19.6%) | 0.00 | 848 |
| 2023-04-01 | $1,499,000 (15.8%) | $2,571,736 (22.0%) | 0.00 | 828 |
| 2023-05-01 | $1,496,250 (9.8%) | $2,373,267 (-5.6%) | 0.00 | 800 |
| 2023-06-01 | $1,477,500 (11.5%) | $2,388,998 (-6.3%) | 0.00 | 795 |
| 2023-07-01 | $1,400,000 (7.8%) | $2,436,653 (-1.4%) | 0.00 | 804 |
| 2023-08-01 | $1,425,000 (10.5%) | $2,419,602 (1.5%) | 0.00 | 827 |
| 2023-09-01 | $1,395,000 (10.5%) | $2,388,591 (-0.3%) | 0.00 | 814 |
| 2023-10-01 | $1,362,500 (4.9%) | $2,407,417 (-0.8%) | 0.00 | 868 |
| 2023-11-01 | $1,387,500 (2.8%) | $2,429,315 (0.2%) | 0.00 | 991 |
| 2023-12-01 | $1,392,500 (3.2%) | $2,403,316 (-0.2%) | 0.00 | 1,091 |
| 2024-01-01 | $1,396,000 (-1.4%) | $2,400,445 (-2.2%) | 0.00 | 1,153 |
| 2024-02-01 | $1,384,085 (-6.0%) | $2,405,172 (-4.2%) | 0.00 | 1,241 |
| 2024-03-01 | $1,350,000 (-9.4%) | $2,470,933 (-3.4%) | 0.00 | 1,306 |
| 2024-04-01 | $1,300,000 (-13.3%) | $2,410,666 (-6.3%) | 0.00 | 1,306 |
| 2024-05-01 | $1,350,000 (-9.8%) | $2,416,307 (1.8%) | 0.00 | 1,254 |
| 2024-06-01 | $1,300,000 (-12.0%) | $2,355,220 (-1.4%) | 0.00 | 1,257 |
| 2024-07-01 | $1,283,700 (-8.3%) | $2,377,342 (-2.4%) | 0.00 | 1,220 |
| 2024-08-01 | $1,275,000 (-10.5%) | $2,354,881 (-2.7%) | 0.00 | 1,170 |
| 2024-09-01 | $1,250,000 (-10.4%) | $2,349,199 (-1.7%) | 0.00 | 1,135 |
| 2024-10-01 | $1,262,250 (-7.4%) | $2,403,942 (-0.1%) | 0.00 | 1,149 |
| 2024-11-01 | $1,275,000 (-8.1%) | $2,452,977 (1.0%) | 0.00 | 1,269 |
| 2024-12-01 | $1,299,000 (-6.7%) | $2,432,871 (1.2%) | 0.00 | 1,366 |
| 2025-01-01 | $1,312,495 (-6.0%) | $2,400,628 (0.0%) | 0.00 | 1,431 |
| 2025-02-01 | $1,299,000 (-6.2%) | $2,400,266 (-0.2%) | 0.00 | 1,530 |
| 2025-03-01 | $1,295,000 (-4.1%) | $2,336,404 (-5.4%) | 0.00 | 1,590 |
Key West's median listing price for 2025-03-01 was $1,295,000, a difference of
$-55,000
(-4.1%) versus the prior year and
$-4,000 versus the prior month.
Key West's median listing price comes in at 0% of the national average.
Key West's average listing price for 2025-03-01 was $2,336,404, a difference of $-134,529 (-5.4%) versus the prior year and $-63,862 versus the prior month.
For the 2025-03-01 period, Key West had 1,590 MLS listings, a difference of 60 listings (4%) versus the prior month and 284 listings (22%) versus the prior year.
Key West's median listing price comes in at 0% of the national average.
Key West's average listing price for 2025-03-01 was $2,336,404, a difference of $-134,529 (-5.4%) versus the prior year and $-63,862 versus the prior month.
For the 2025-03-01 period, Key West had 1,590 MLS listings, a difference of 60 listings (4%) versus the prior month and 284 listings (22%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Key West (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,498 sqft |
| 2018-02-01 | 0 days | 1,500 sqft |
| 2018-03-01 | 0 days | 1,500 sqft |
| 2018-04-01 | 0 days | 1,501 sqft |
| 2018-05-01 | 0 days | 1,491 sqft |
| 2018-06-01 | 0 days | 1,494 sqft |
| 2018-07-01 | 0 days | 1,495 sqft |
| 2018-08-01 | 0 days | 1,493 sqft |
| 2018-09-01 | 0 days | 1,490 sqft |
| 2018-10-01 | 0 days | 1,480 sqft |
| 2018-11-01 | 0 days | 1,498 sqft |
| 2018-12-01 | 0 days | 1,480 sqft |
| 2019-01-01 | 0 days | 1,492 sqft |
| 2019-02-01 | 0 days | 1,507 sqft |
| 2019-03-01 | 0 days | 1,522 sqft |
| 2019-04-01 | 0 days | 1,546 sqft |
| 2019-05-01 | 0 days | 1,563 sqft |
| 2019-06-01 | 0 days | 1,530 sqft |
| 2019-07-01 | 0 days | 1,521 sqft |
| 2019-08-01 | 0 days | 1,535 sqft |
| 2019-09-01 | 0 days | 1,552 sqft |
| 2019-10-01 | 0 days | 1,568 sqft |
| 2019-11-01 | 0 days | 1,578 sqft |
| 2019-12-01 | 0 days | 1,573 sqft |
| 2020-01-01 | 0 days | 1,580 sqft |
| 2020-02-01 | 0 days | 1,570 sqft |
| 2020-03-01 | 0 days | 1,572 sqft |
| 2020-04-01 | 0 days | 1,563 sqft |
| 2020-05-01 | 0 days | 1,552 sqft |
| 2020-06-01 | 0 days | 1,553 sqft |
| 2020-07-01 | 0 days | 1,544 sqft |
| 2020-08-01 | 0 days | 1,550 sqft |
| 2020-09-01 | 0 days | 1,550 sqft |
| 2020-10-01 | 0 days | 1,524 sqft |
| 2020-11-01 | 0 days | 1,519 sqft |
| 2020-12-01 | 0 days | 1,496 sqft |
| 2021-01-01 | 0 days | 1,515 sqft |
| 2021-02-01 | 0 days | 1,480 sqft |
| 2021-03-01 | 0 days | 1,487 sqft |
| 2021-04-01 | 0 days | 1,537 sqft |
| 2021-05-01 | 0 days | 1,650 sqft |
| 2021-06-01 | 0 days | 1,671 sqft |
| 2021-07-01 | 0 days | 1,601 sqft |
| 2021-08-01 | 0 days | 1,592 sqft |
| 2021-09-01 | 0 days | 1,589 sqft |
| 2021-10-01 | 0 days | 1,565 sqft |
| 2021-11-01 | 0 days | 1,567 sqft |
| 2021-12-01 | 0 days | 1,557 sqft |
| 2022-01-01 | 0 days | 1,550 sqft |
| 2022-02-01 | 0 days | 1,650 sqft |
| 2022-03-01 | 0 days | 1,604 sqft |
| 2022-04-01 | 0 days | 1,596 sqft |
| 2022-05-01 | 0 days | 1,625 sqft |
| 2022-06-01 | 0 days | 1,593 sqft |
| 2022-07-01 | 0 days | 1,540 sqft |
| 2022-08-01 | 0 days | 1,547 sqft |
| 2022-09-01 | 0 days | 1,535 sqft |
| 2022-10-01 | 0 days | 1,532 sqft |
| 2022-11-01 | 0 days | 1,528 sqft |
| 2022-12-01 | 0 days | 1,535 sqft |
| 2023-01-01 | 0 days | 1,543 sqft |
| 2023-02-01 | 0 days | 1,568 sqft |
| 2023-03-01 | 0 days | 1,612 sqft |
| 2023-04-01 | 0 days | 1,628 sqft |
| 2023-05-01 | 0 days | 1,600 sqft |
| 2023-06-01 | 0 days | 1,581 sqft |
| 2023-07-01 | 0 days | 1,576 sqft |
| 2023-08-01 | 0 days | 1,599 sqft |
| 2023-09-01 | 0 days | 1,570 sqft |
| 2023-10-01 | 0 days | 1,546 sqft |
| 2023-11-01 | 0 days | 1,549 sqft |
| 2023-12-01 | 0 days | 1,572 sqft |
| 2024-01-01 | 0 days | 1,582 sqft |
| 2024-02-01 | 0 days | 1,568 sqft |
| 2024-03-01 | 0 days | 1,549 sqft |
| 2024-04-01 | 0 days | 1,538 sqft |
| 2024-05-01 | 0 days | 1,546 sqft |
| 2024-06-01 | 0 days | 1,536 sqft |
| 2024-07-01 | 0 days | 1,509 sqft |
| 2024-08-01 | 0 days | 1,507 sqft |
| 2024-09-01 | 0 days | 1,512 sqft |
| 2024-10-01 | 0 days | 1,512 sqft |
| 2024-11-01 | 0 days | 1,502 sqft |
| 2024-12-01 | 0 days | 1,509 sqft |
| 2025-01-01 | 0 days | 1,524 sqft |
| 2025-02-01 | 0 days | 1,517 sqft |
| 2025-03-01 | 0 days | 1,521 sqft |
Key West's median listing age (time on market) for 2025-03-01 was 0 days.
Key West's median square footage for active listings during the 2025-03-01 period was 1,521 sqft. One year prior, the average listing was 1,549 sqft.
Key West's median square footage for active listings during the 2025-03-01 period was 1,521 sqft. One year prior, the average listing was 1,549 sqft.
Key West, FL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 910 | $763,830,000 | $839,374 |
| Cash Out Refi | 206 | $121,380,000 | $589,223 |
| Refi | 124 | $88,810,000 | $716,210 |
| Home Improvement | 122 | $38,610,000 | $316,475 |
| Other | 113 | $52,225,000 | $462,168 |
| NA | 1 | $135,000 | $135,000 |
Key West's most frequently cited loan purpose was Home Purchase, with 910 originations. The 2nd most popular reason was Cash Out Refi, with 206 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 504 | $423,470,000 | $840,218 |
| 7-8% | 430 | $318,340,000 | $740,326 |
| Over 8% | 340 | $153,650,000 | $451,912 |
| 5-6% | 144 | $124,890,000 | $867,292 |
| 4-5% | 20 | $15,440,000 | $772,000 |
| <2.5% | 11 | $585,000 | $53,182 |
| 3-4% | 3 | $1,035,000 | $345,000 |
| 2.5-3% | 2 | $440,000 | $220,000 |
During 2024, Key West's most frequently originated rate bucket was 6-7%, with 504 originations.
Loan Sizing (Key West, FL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $600k-1000k | 416 | $315,300,000 | $757,933 |
| $400k-600k | 318 | $158,900,000 | $499,686 |
| $200k-400k | 279 | $82,515,000 | $295,753 |
| $Over $1MM | 279 | $488,965,000 | $1,752,563 |
| $100k-200k | 102 | $14,490,000 | $142,059 |
| $100,000 or less | 82 | $4,820,000 | $58,780 |
Key West's loan sizing saw the bucket of loans from $600k-1000k with 416 originations, totaling $315,300,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 445 | $400,205,000 | $899,337 |
| 80-100% | 373 | $324,155,000 | $869,048 |
| Under 20% | 218 | $38,850,000 | $178,211 |
| 40-60% | 190 | $159,670,000 | $840,368 |
| 20-40% | 185 | $84,485,000 | $456,676 |
| Over 100% | 27 | $19,485,000 | $721,667 |
Key West's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 445 originations, totaling $400,205,000 in origination value.