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 7.05% for the week of 2024-06-06, compared to the national average of 6.99% for the same period.

The average rate for the prior week (2024-05-30) was 7.19% and one month ago for the week of 2024-05-02, the average rate was 7.08%.

Key West's average rate one year ago was 7.05%.

For refis of the same type during the week of 2024-06-06, the average rate was 7.19%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-06 6.99%
Key West 30 Year Fixed Rate 2024-06-06 7.05%
Key West 30 Year Fixed Rate Refi 2024-06-06 7.19%
Key West 15 Year Fixed Rate 2024-06-06 6.29%
Key West 15 Year Fixed Rate Refi 2024-06-06 6.49%
Key West 30 Year FHA 2024-06-06 6.59%
Key West 30 Year FHA Refi 2024-06-06 6.69%
Key West 30 Year USDA 2024-06-06 6.6%
Key West 30 Year USDA Refi 2024-06-06 6.8%
Key West 30 Year VA 2024-06-06 6.16%
Key West 30 Year VA Refi 2024-06-06 6.29%
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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 107 6.77% $16,313
First Horizon Bank 91 6.23% $9,349
QUICKEN LOANS, LLC 42 6.73% $14,493
South State Bank 30 7.05% $7,991
CROSSCOUNTRY MORTGAGE, LLC 22 6.75% $17,395
Centennial Bank 17 6.51% $8,495
Bank of America 16 5.95% $19,610
Morgan Stanley Private Bank 16 5.42% $9,564
JPMorgan Chase Bank 15 6.67% $14,670
Wells Fargo Bank 13 6.24% $11,273
Truist 13 6.34% $9,041
U.S. Bank 11 6.38% $11,860
Regions Bank 9 6.79% $10,431
City National Bank of Florida 9 6.83% $8,721
Paramount Residential Mortgage Group, Inc. 8 7.69% $19,819
A&D Mortgage LLC 8 9.22% $21,691
Flagstar Bank, FSB 7 6.87% $21,369
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 7.14% $13,435
NEWREZ LLC 7 7.46% $15,564
AMERICAN FINANCIAL NETWORK, INC. 6 7.04% $12,598
NAVY FEDERAL CREDIT UNION 6 5.33% $9,902
GUARANTEED RATE, INC. 6 6.87% $12,190
TD Bank 6 6.17% $8,797
Citadel Servicing Corporation 6 8.38% $25,583
Citibank 6 5.00% $9,769
AMERICAN PORTFOLIO MORTGAGE CORPORATION 5 6.78% $16,455
LAKE MICHIGAN CREDIT UNION 5 6.70% $8,749
The Huntington National Bank 5 6.47% $9,060
ANGEL OAK MORTGAGE SOLUTIONS LLC 4 8.72% $63,919
ARC HOME LLC 4 8.12% $15,746
NFM, INC. 4 6.66% $13,760
NexBank 4 7.56% $13,774
Century Mortgage Company DBA Century Lending Company 4 6.94% $15,749
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.65% $15,032
HOMESIDE FINANCIAL, LLC 4 7.06% $14,743
EMM LOANS LLC 4 6.90% $16,903
Citizens Bank 4 6.78% $10,621
LOANDEPOT.COM, LLC 4 6.87% $16,614
UNION HOME MORTGAGE CORP. 4 6.56% $15,994
First-Citizens Bank & Trust Company 4 5.66% $9,301
MY MORTGAGE, INC. 3 7.75% $17,036
BAY EQUITY LLC 3 7.12% $11,094
Old National Bank 3 5.92% $6,533
HOMEXPRESS MORTGAGE CORP. 3 8.83% $25,876
Charles Schwab Bank, SSB 3 5.67% $11,897
AXIA FINANCIAL, LLC 3 6.83% $8,402
Fifth Third Bank 3 5.67% $13,153
Prosperity Home Mortgage, LLC 3 7.13% $12,057
PLAZA HOME MORTGAGE, INC. 3 8.04% $17,206
Seacoast National Bank 3 5.96% $15,608
Plains Commerce Bank 3 5.91% $23,304
The Northern Trust Company 3 6.08% $12,806
UBS Bank USA 3 6.13% $6,499
CMG MORTGAGE, INC. 3 6.79% $9,028
MASON MCDUFFIE MORTGAGE CORPORATION 2 7.50% $6,818
PNC Bank 2 5.69% $8,021
Farmers Bank & Trust 2 6.00% $6,332
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 7.43% $9,414
RADIUS FINANCIAL GROUP INC. 2 6.62% $13,340
NEXERA HOLDING LLC 2 7.88% $11,857
NETWORK CAPITAL FUNDING CORPORATION 2 6.94% $10,764
GSF Mortgage Corporation 2 6.93% $13,743
MOVEMENT MORTGAGE, LLC 2 7.06% $32,976
PENNYMAC LOAN SERVICES, LLC 2 6.13% $8,586
United Community Bank 2 6.81% $8,366
DEEPHAVEN MORTGAGE LLC 2 8.06% $12,673
ChoiceOne Bank 2 6.56% $6,088
SWBC MORTGAGE CORPORATION 2 7.13% $14,991
BancorpSouth 2 5.50% $15,048
Cornerstone First Mortgage, Inc 2 8.38% $21,641
The Central Trust Bank 2 6.75% $10,692
The Loan Store, Inc. 2 7.19% $11,719
Commerce Home Mortgage, Inc. 2 7.63% $16,724
OCMBC, INC. 2 9.69% $28,094
FIRST EQUITY MORTGAGE BANKERS, INC. 2 6.31% $8,221
Union Savings Bank 1 7.38% $34,029
VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.99% $6,683
Webster Bank 1 5.88% $13,649
Nicolet National Bank 1 7.13% $11,199
ALTRA 1 7.13% $8,262
AMERICAN HERITAGE FCU 1 6.88% $2,732
AMERICAN HERITAGE LENDING, INC. 1 9.13% $11,777
AMERISAVE MORTGAGE CORPORATION 1 7.50% $28,668
Ameris Bank 1 6.63% $13,268
AMERITRUST MORTGAGE CORPORATION 1 8.63% $11,396
AmRes Corporation 1 7.00% $9,976
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 7.38% $11,244
Atlantic Coast Mortgage, LLC 1 7.50% $10,856
Barrington Bank & Trust Company, N.A. 1 6.99% $9,490
Bell Bank 1 7.00% $3,593
BETTER MORTGAGE CORPORATION 1 8.13% $3,149
Busey Bank 1 5.75% $9,124
CALIBER HOME LOANS, INC. 1 6.13% $9,694
Carrollton Bank 1 7.50% $5,631
Choice Financial Group 1 6.25% $13,850
CIBC Bank USA 1 6.75% $9,875
City National Bank 1 6.60% $8,894
DELTA COMMUNITY CREDIT UNION 1 6.00% $4,221
DIRECT MORTGAGE LOANS, LLC 1 7.25% $13,823
FirstBank 1 6.75% $6,239
First Dakota National Bank 1 7.25% $5,585
First Heritage Mortgage, LLC 1 6.38% $8,683
Fulton Bank 1 6.38% $23,570
Genesee Regional Bank 1 6.88% $10,592
Goldman Sachs Bank USA 1 5.15% $30,776
Heritage Bank 1 5.63% $7,109
Integrity Home Mortgage Corp 1 6.13% $7,199
INTELLILOAN, INC. 1 6.75% $7,137
ITHINK FINANCIAL Credit Union 1 7.00% $15,219
Keystone Funding, Inc. 1 6.63% $11,667
LEADERONE FINANCIAL CORPORATION 1 7.13% $18,882
LENDSURE MORTGAGE CORP. 1 7.63% $39,330
LIBERTY HOME MORTGAGE CORPORATION 1 7.25% $14,929
MEGASTAR FINANCIAL CORP. 1 8.13% $7,950
MIAMI FIREFIGHTERS FCU 1 6.50% $5,488
MICHIGAN MUTUAL, INC. 1 6.50% $7,554
MORTGAGE 1 INCORPORATED 1 7.38% $18,043
MORTGAGE INVESTORS GROUP, INC. 1 5.88% $12,782
Mortgage Research Center, LLC 1 5.99% $21,378
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.50% $5,694
NATIONS DIRECT MORTGAGE, LLC 1 5.50% $10,171
Nations Lending Corporation 1 5.50% $10,776
NATIONWIDE MORTGAGE BANKERS, INC. 1 7.50% $22,935
NBH Bank 1 7.13% $7,719
1ST FINANCIAL, INC. 1 7.13% $21,417
NMSI, INC. 1 6.75% $16,483
Northpointe Bank 1 6.25% $7,813
OceanFirst Bank 1 5.99% $3,429
Peoples Bank 1 6.88% $3,945
POINT Mortgage 1 7.00% $27,621
Popular Bank 1 7.63% $10,457
PREMIA MORTGAGE, LLC 1 6.00% $3,451
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $11,952
PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.13% $2,973
Raymond James Bank 1 5.25% $26,839
READY MORTGAGE LENDERS, LLC 1 8.13% $24,087
REDWOOD RESIDENTIAL ACQUISITION CORPORATION 1 7.13% $7,937
RESIDENTIAL BANCORP 1 5.50% $16,435
Shore United Bank 1 6.15% $17,342
Sierra Pacific Mortgage Company, Inc. 1 7.63% $15,515
SOUTH FLORIDA EDUCATIONAL 1 4.50% $8,040
State Department Federal Credit Union 1 5.63% $17,871
Stifel Bank and Trust 1 5.50% $4,399
STOCKTON MORTGAGE CORPORATION 1 6.88% $12,910
Suncoast Credit Union 1 6.50% $8,467
Synovus Bank 1 7.00% $26,116
T2 FINANCIAL LLC 1 7.13% $9,994
THE MORTGAGE FIRM, INC. 1 6.99% $14,673
The Park Bank 1 6.50% $7,843
The Park National Bank 1 6.38% $10,794
The State Bank and Trust Company 1 6.50% $7,114
THOMPSON KANE & COMPANY, LLC 1 6.75% $13,318
TOWNE MORTGAGE COMPANY 1 6.25% $30,962

Key West Average Closing Costs & Other Stats

Key West, FL's 153 lenders originated 1,373 loans during 2023. The total origination value was $978,145,000, with an average loan value of $712,414.

Key West's average closing costs are $9,221.

The top Key West lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 107 loans originated. Their average total fees are $16,313, which is $6,964 higher than the next largest lender, First Horizon Bank.

The lowest fee Key West lenders (with over 10 loans originated) are South State Bank ($7,991), Centennial Bank ($8,495), Truist ($9,041), First Horizon Bank ($9,349) and Morgan Stanley Private Bank ($9,564).

The lowest rate Key West lenders (with over 10 loans originated) are Morgan Stanley Private Bank (5.42%), Bank of America (5.95%), First Horizon Bank (6.23%), Wells Fargo Bank (6.24%) and Truist (6.34%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
First Horizon Bank $215,710,000 $107,255,000 -50.3% 11.0%
UNITED WHOLESALE MORTGAGE, LLC $165,075,000 $102,105,000 -38.1% 10.4%
The Northern Trust Company $10,980,000 $35,995,000 227.8% 3.7%
QUICKEN LOANS, LLC $52,365,000 $33,860,000 -35.3% 3.5%
Bank of America $56,370,000 $33,490,000 -40.6% 3.4%
South State Bank $20,650,000 $26,490,000 28.3% 2.7%
CROSSCOUNTRY MORTGAGE, LLC $38,195,000 $24,860,000 -34.9% 2.5%
JPMorgan Chase Bank $56,970,000 $24,835,000 -56.4% 2.5%
Morgan Stanley Private Bank $21,640,000 $24,540,000 13.4% 2.5%
Centennial Bank $43,155,000 $24,415,000 -43.4% 2.5%
Truist $38,600,000 $20,045,000 -48.1% 2.0%
A&D Mortgage LLC $26,610,000 $16,965,000 -36.2% 1.7%
Wells Fargo Bank $46,230,000 $16,595,000 -64.1% 1.7%
U.S. Bank $28,050,000 $13,530,000 -51.8% 1.4%
ANGEL OAK MORTGAGE SOLUTIONS LLC $31,485,000 $13,305,000 -57.7% 1.4%
Citadel Servicing Corporation $6,570,000 $10,455,000 59.1% 1.1%
NAVY FEDERAL CREDIT UNION $11,820,000 $9,280,000 -21.5% 0.9%
TD Bank $38,700,000 $8,690,000 -77.5% 0.9%
Citibank $6,505,000 $8,520,000 31.0% 0.9%
Flagstar Bank, FSB $14,390,000 $8,245,000 -42.7% 0.8%
Regions Bank $13,605,000 $8,225,000 -39.5% 0.8%
Paramount Residential Mortgage Group, Inc. $9,625,000 $8,115,000 -15.7% 0.8%
NEXERA HOLDING LLC $24,880,000 $8,005,000 -67.8% 0.8%
Commerce Home Mortgage, Inc. $7,695,000 $7,920,000 2.9% 0.8%
City National Bank of Florida $29,915,000 $7,715,000 -74.2% 0.8%
Charles Schwab Bank, SSB $8,170,000 $7,005,000 -14.3% 0.7%
HOMEXPRESS MORTGAGE CORP. $6,610,000 $6,615,000 0.1% 0.7%
Seacoast National Bank $1,885,000 $6,615,000 250.9% 0.7%
PNC Bank $36,500,000 $6,505,000 -82.2% 0.7%
Goldman Sachs Bank USA $5,645,000 $6,495,000 15.1% 0.7%
First-Citizens Bank & Trust Company $4,465,000 $5,925,000 32.7% 0.6%
Citizens Bank $12,480,000 $5,425,000 -56.5% 0.6%
Raymond James Bank $12,245,000 $5,135,000 -58.1% 0.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $9,075,000 $5,070,000 -44.1% 0.5%
PLAZA HOME MORTGAGE, INC. $5,170,000 $4,920,000 -4.8% 0.5%
GUARANTEED RATE, INC. $3,490,000 $4,885,000 40.0% 0.5%
Axos Bank $4,805,000 n/a 0.5%
The Huntington National Bank $665,000 $4,785,000 619.5% 0.5%
AMERICAN FINANCIAL NETWORK, INC. $4,635,000 n/a 0.5%
DEEPHAVEN MORTGAGE LLC $8,975,000 $4,430,000 -50.6% 0.5%
Mortgage Research Center, LLC $8,510,000 $4,415,000 -48.1% 0.5%
NEWREZ LLC $2,175,000 $4,295,000 97.5% 0.4%
Century Mortgage Company DBA Century Lending Company $1,475,000 $4,260,000 188.8% 0.4%
Fifth Third Bank $4,055,000 $4,170,000 2.8% 0.4%
Hometown Equity Mortgage, LLC $7,235,000 $4,055,000 -44.0% 0.4%
LOANDEPOT.COM, LLC $17,460,000 $3,955,000 -77.3% 0.4%
Plains Commerce Bank $2,355,000 $3,935,000 67.1% 0.4%
EMM LOANS LLC $4,090,000 $3,895,000 -4.8% 0.4%
AMWEST FUNDING CORP. $3,070,000 $3,870,000 26.1% 0.4%
FINANCE OF AMERICA REVERSE LLC $7,685,000 $3,830,000 -50.2% 0.4%
ARC HOME LLC $6,785,000 $3,725,000 -45.1% 0.4%
LAKE MICHIGAN CREDIT UNION $7,155,000 $3,700,000 -48.3% 0.4%
Synovus Bank $2,805,000 $3,690,000 31.6% 0.4%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $4,995,000 $3,665,000 -26.6% 0.4%
RF Renovo Management Company, LLC $585,000 $3,660,000 525.6% 0.4%
UNION HOME MORTGAGE CORP. $2,960,000 $3,655,000 23.5% 0.4%
FUNDLOANS CAPITAL $3,510,000 n/a 0.4%
Old National Bank $2,560,000 $3,490,000 36.3% 0.4%
PENNYMAC LOAN SERVICES, LLC $9,750,000 $3,150,000 -67.7% 0.3%
HOMEBRIDGE FINANCIAL SERVICES, INC. $4,925,000 $3,100,000 -37.1% 0.3%
UBS Bank USA $22,195,000 $3,070,000 -86.2% 0.3%
Five Star Bank $3,005,000 n/a 0.3%
Union Savings Bank $3,005,000 n/a 0.3%
NFM, INC. $4,655,000 $2,980,000 -36.0% 0.3%
The Central Trust Bank $2,970,000 n/a 0.3%
First Carolina Bank $2,965,000 n/a 0.3%
Peoples Bank $2,930,000 n/a 0.3%
MASON MCDUFFIE MORTGAGE CORPORATION $2,880,000 n/a 0.3%
Regional Missouri Bank $2,875,000 n/a 0.3%
AXIA FINANCIAL, LLC $16,700,000 $2,795,000 -83.3% 0.3%
CMG MORTGAGE, INC. $4,890,000 $2,595,000 -46.9% 0.3%
LIMA ONE CAPITAL, LLC $465,000 $2,595,000 458.1% 0.3%
HOMESIDE FINANCIAL, LLC $1,625,000 $2,590,000 59.4% 0.3%
Ameris Bank $4,830,000 $2,575,000 -46.7% 0.3%
NexBank $1,575,000 $2,430,000 54.3% 0.2%
Logan Finance Corporation $765,000 $2,405,000 214.4% 0.2%
Cornerstone First Mortgage, Inc $900,000 $2,330,000 158.9% 0.2%
MORTGAGE 1 INCORPORATED $2,245,000 n/a 0.2%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $1,155,000 $2,195,000 90.0% 0.2%
LENDSURE MORTGAGE CORP. $5,015,000 $2,145,000 -57.2% 0.2%
OCMBC, INC. $2,120,000 n/a 0.2%
BankSouth $2,105,000 n/a 0.2%
Webster Bank $2,105,000 n/a 0.2%
BancorpSouth $2,100,000 n/a 0.2%
SPACE COAST Credit Union $3,780,000 $2,085,000 -44.8% 0.2%
The Loan Store, Inc. $2,045,000 n/a 0.2%
SWBC MORTGAGE CORPORATION $1,795,000 $2,020,000 12.5% 0.2%
Prime Meridian Bank $5,025,000 $1,990,000 -60.4% 0.2%
CNB Bank $1,965,000 n/a 0.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $675,000 $1,895,000 180.7% 0.2%
MOVEMENT MORTGAGE, LLC $2,860,000 $1,870,000 -34.6% 0.2%
Third Federal Savings and Loan Association of Cleveland $1,935,000 $1,835,000 -5.2% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $460,000 $1,790,000 289.1% 0.2%
NATIONS DIRECT MORTGAGE, LLC $1,760,000 n/a 0.2%
INB $1,755,000 n/a 0.2%
Sentry Bank $1,725,000 n/a 0.2%
ChoiceOne Bank $1,705,000 n/a 0.2%
MY MORTGAGE, INC. $1,645,000 $1,645,000 0.0% 0.2%
VELOCITY COMMERCIAL CAPITAL, LLC $4,935,000 $1,640,000 -66.8% 0.2%
LENDINGHOME FUNDING CORPORATION $4,445,000 $1,635,000 -63.2% 0.2%
Nicolet National Bank $1,855,000 $1,525,000 -17.8% 0.2%
GSF Mortgage Corporation $1,520,000 n/a 0.2%
Farmers Bank & Trust $1,515,000 n/a 0.2%
City National Bank $10,195,000 $1,505,000 -85.2% 0.2%
The Park National Bank $1,320,000 $1,505,000 14.0% 0.2%
POINT Mortgage $1,495,000 n/a 0.2%
REDWOOD RESIDENTIAL ACQUISITION CORPORATION $1,495,000 n/a 0.2%
STOCKTON MORTGAGE CORPORATION $865,000 $1,460,000 68.8% 0.1%
Integrity Home Mortgage Corp $1,440,000 n/a 0.1%
CIBC Bank USA $2,515,000 $1,435,000 -42.9% 0.1%
Fulton Bank $505,000 $1,425,000 182.2% 0.1%
Northpointe Bank $2,265,000 $1,425,000 -37.1% 0.1%
READY MORTGAGE LENDERS, LLC $1,465,000 $1,405,000 -4.1% 0.1%
ITHINK FINANCIAL Credit Union $5,090,000 $1,385,000 -72.8% 0.1%
LONGBRIDGE FINANCIAL, LLC $1,660,000 $1,375,000 -17.2% 0.1%
Sierra Pacific Mortgage Company, Inc. $2,925,000 $1,350,000 -53.8% 0.1%
NBH Bank $1,325,000 n/a 0.1%
DIRECT MORTGAGE LOANS, LLC $1,310,000 n/a 0.1%
Figure Lending LLC $615,000 $1,305,000 112.2% 0.1%
NATIONWIDE MORTGAGE BANKERS, INC. $2,565,000 $1,300,000 -49.3% 0.1%
Prosperity Home Mortgage, LLC $1,295,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $715,000 $1,290,000 80.4% 0.1%
BAY EQUITY LLC $1,285,000 n/a 0.1%
FIRST EQUITY MORTGAGE BANKERS, INC. $2,155,000 $1,260,000 -41.5% 0.1%
FIRST CREDIT CORPORATION OF NEW YORK, INC. $1,245,000 n/a 0.1%
ConnectOne Bank $1,205,000 n/a 0.1%
The Park Bank $1,205,000 n/a 0.1%
United Community Bank $1,350,000 $1,195,000 -11.5% 0.1%
RADIUS FINANCIAL GROUP INC. $265,000 $1,180,000 345.3% 0.1%
Shore United Bank $2,280,000 $1,155,000 -49.3% 0.1%
ALLIANT CREDIT UNION $3,905,000 $1,150,000 -70.6% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $1,110,000 n/a 0.1%
SENB Bank $1,100,000 n/a 0.1%
USAA Federal Savings Bank $1,905,000 $1,100,000 -42.3% 0.1%
V.I.P. MORTGAGE, INC. $1,095,000 n/a 0.1%
RESIDENTIAL BANCORP $1,090,000 n/a 0.1%
Ocean Bank $1,080,000 n/a 0.1%
Desjardins Bank $1,305,000 $1,060,000 -18.8% 0.1%
PENTAGON FEDERAL CREDIT UNION $3,645,000 $1,040,000 -71.5% 0.1%
GEORGIA'S OWN $2,805,000 $1,035,000 -63.1% 0.1%
American Airlines Federal Credit Union $625,000 $1,030,000 64.8% 0.1%
Signature Bank, N.A. $1,005,000 n/a 0.1%
The State Bank and Trust Company $1,005,000 n/a 0.1%
OAKTREE FUNDING CORP. $2,990,000 $990,000 -66.9% 0.1%
TOWNE MORTGAGE COMPANY $305,000 $965,000 216.4% 0.1%
AMERICAN HERITAGE LENDING, INC. $495,000 $955,000 92.9% 0.1%
FIRST HOME MORTGAGE CORPORATION $955,000 n/a 0.1%
AMERISAVE MORTGAGE CORPORATION $14,145,000 $950,000 -93.3% 0.1%
HOMESTEAD FUNDING CORP. $595,000 $945,000 58.8% 0.1%
Community First Bank $915,000 n/a 0.1%
Atlantic Coast Mortgage, LLC $1,370,000 $905,000 -33.9% 0.1%
BELEM SERVICING LLC $885,000 n/a 0.1%
ALTRA $875,000 n/a 0.1%
Bell Bank $875,000 n/a 0.1%
Core Bank $875,000 n/a 0.1%
CALCON MUTUAL MORTGAGE LLC $545,000 $820,000 50.5% 0.1%
Texas Bank and Trust Company $805,000 n/a 0.1%
Coastal Community Bank $795,000 n/a 0.1%
BROKER SOLUTIONS, INC. $2,890,000 $790,000 -72.7% 0.1%
DYBN FINANCIAL CORP. $765,000 n/a 0.1%
Ukrainian Selfreliance Federal Credit Union $765,000 n/a 0.1%
Pinnacle Bank $2,515,000 $755,000 -70.0% 0.1%
Discover Bank $525,000 $740,000 41.0% 0.1%
DELTA COMMUNITY CREDIT UNION $725,000 n/a 0.1%
DG PINNACLE FUNDING LLC $725,000 n/a 0.1%
Busey Bank $705,000 n/a 0.1%
Equity Prime Mortgage LLC $1,830,000 $705,000 -61.5% 0.1%
FirstBank $795,000 $705,000 -11.3% 0.1%
State Department Federal Credit Union $1,305,000 $705,000 -46.0% 0.1%
Suncoast Credit Union $1,440,000 $705,000 -51.0% 0.1%
MIAMI FIREFIGHTERS FCU $700,000 n/a 0.1%
PACIFIC RESIDENTIAL MORTGAGE, LLC $685,000 n/a 0.1%
AMERANT BANK, NATIONAL ASSOCIATION $905,000 $680,000 -24.9% 0.1%
Carrollton Bank $675,000 n/a 0.1%
Choice Financial Group $655,000 n/a 0.1%
NETWORK CAPITAL FUNDING CORPORATION $2,320,000 $650,000 -72.0% 0.1%
NMSI, INC. $645,000 n/a 0.1%
AmRes Corporation $635,000 n/a 0.1%
Heritage Bank $635,000 n/a 0.1%
T2 FINANCIAL LLC $2,395,000 $635,000 -73.5% 0.1%
First Financial Bank $605,000 n/a 0.1%
ORLANDO CREDIT UNION $605,000 n/a 0.1%
SOUTH FLORIDA EDUCATIONAL $595,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $505,000 $595,000 17.8% 0.1%
RESIDENTIAL WHOLESALE MORTGAGE, INC. $585,000 n/a 0.1%
TRIAD FINANCIAL SERVICES, INC. $600,000 $585,000 -2.5% 0.1%
PREMIA MORTGAGE, LLC $575,000 n/a 0.1%
THOMPSON KANE & COMPANY, LLC $575,000 n/a 0.1%
1ST FINANCIAL, INC. $2,430,000 $565,000 -76.7% 0.1%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $435,000 $565,000 29.9% 0.1%
First Commonwealth Bank $905,000 $565,000 -37.6% 0.1%
M&T Bank $2,145,000 $565,000 -73.7% 0.1%
LIBERTY HOME MORTGAGE CORPORATION $555,000 n/a 0.1%
GTE Federal Credit Union $360,000 $540,000 50.0% 0.1%
CARDINAL FINANCIAL $7,465,000 $525,000 -93.0% 0.1%
First American Bank $1,860,000 $525,000 -71.8% 0.1%
AMERITRUST MORTGAGE CORPORATION $515,000 n/a 0.1%
LEADERONE FINANCIAL CORPORATION $515,000 n/a 0.1%
Barrington Bank & Trust Company, N.A. $585,000 $505,000 -13.7% 0.1%
BMO Harris Bank $2,505,000 $505,000 -79.8% 0.1%
UBank $735,000 $505,000 -31.3% 0.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,430,000 $505,000 -64.7% 0.1%
First Dakota National Bank $495,000 n/a 0.1%
Genesee Regional Bank $485,000 n/a 0.0%
NATIONWIDE EQUITIES CORPORATION $6,665,000 $485,000 -92.7% 0.0%
Southern Michigan Bank & Trust $485,000 n/a 0.0%
First Heritage Mortgage, LLC $475,000 n/a 0.0%
MICHIGAN MUTUAL, INC. $510,000 $475,000 -6.9% 0.0%
Keystone Funding, Inc. $455,000 n/a 0.0%
SPRING EQ, LLC $2,520,000 $455,000 -81.9% 0.0%
Carrington Mortgage Services, LLC $655,000 $445,000 -32.1% 0.0%
THE MORTGAGE FIRM, INC. $1,060,000 $435,000 -59.0% 0.0%
Easthampton Savings Bank $225,000 $425,000 88.9% 0.0%
MORTGAGE INVESTORS GROUP, INC. $445,000 $425,000 -4.5% 0.0%
Baxter Credit Union $155,000 $405,000 161.3% 0.0%
PremierBank $405,000 n/a 0.0%
Bethpage Federal Credit Union $335,000 $400,000 19.4% 0.0%
Bank of Belleville $395,000 n/a 0.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $365,000 n/a 0.0%
BETTER MORTGAGE CORPORATION $2,435,000 $355,000 -85.4% 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $1,285,000 $355,000 -72.4% 0.0%
CRANE $345,000 n/a 0.0%
FREEDOM MORTGAGE CORPORATION $4,755,000 $345,000 -92.7% 0.0%
Stifel Bank and Trust $2,360,000 $345,000 -85.4% 0.0%
MEGASTAR FINANCIAL CORP. $315,000 n/a 0.0%
OceanFirst Bank $305,000 n/a 0.0%
Popular Bank $13,200,000 $305,000 -97.7% 0.0%
QUORUM FEDERAL CREDIT UNION $1,255,000 $295,000 -76.5% 0.0%
Mr. Cooper ( Nationstar Mortgage ) $5,345,000 $265,000 -95.0% 0.0%
PLANET HOME LENDING, LLC $2,545,000 $265,000 -89.6% 0.0%
CALIBER HOME LOANS, INC. $22,855,000 $255,000 -98.9% 0.0%
Northwest Federal Credit Union $635,000 $255,000 -59.8% 0.0%
TOWER $250,000 $255,000 2.0% 0.0%
TROPICAL FINANCIAL CREDIT UNION $360,000 $255,000 -29.2% 0.0%
S&T Bank $245,000 n/a 0.0%
TOGETHER CREDIT UNION $225,000 n/a 0.0%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $215,000 n/a 0.0%
GREENWOOD $660,000 $205,000 -68.9% 0.0%
INTELLILOAN, INC. $205,000 n/a 0.0%
Nations Lending Corporation $1,540,000 $205,000 -86.7% 0.0%
RBC Bank, (Georgia) $645,000 $205,000 -68.2% 0.0%
WINGS FINANCIAL $175,000 $205,000 17.1% 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $155,000 n/a 0.0%
AMERICAN HERITAGE FCU $135,000 n/a 0.0%
Southwest Airlines Federal Credit Union $105,000 n/a 0.0%
Alaska USA Federal Credit Union $95,000 n/a 0.0%
PRINCE GEORGE'S COMMUNITY $75,000 n/a 0.0%
Grow Financial Federal Credit Union $405,000 $55,000 -86.4% 0.0%
CHERRY CREEK MORTGAGE, LLC $45,000 n/a 0.0%

Key West's top lender by overall market share is First Horizon Bank, with 11.0% market share. In second place, with 10.4%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $102,105,000 in loans. In third place, with 3.7%, is The Northern Trust Company, having originated $35,995,000 in loans. In fourth place, with 3.5%, is QUICKEN LOANS, LLC, having originated $33,860,000 in loans. In fifth place, with 3.4%, is Bank of America, having originated $33,490,000 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 $706,250 (14.3%) $1,328,775 (25.9%) 0.00 1,488
2018-02-01 $699,625 (12.6%) $1,345,032 (27.5%) 0.00 1,534
2018-03-01 $699,000 (11.5%) $1,343,933 (27.0%) 0.00 1,617
2018-04-01 $699,500 (4.9%) $1,353,684 (12.4%) 0.00 1,632
2018-05-01 $699,000 (3.4%) $1,341,406 (11.7%) 0.00 1,596
2018-06-01 $699,000 (3.0%) $1,324,245 (8.2%) 0.00 1,589
2018-07-01 $699,000 (3.6%) $1,315,106 (5.9%) 0.00 1,612
2018-08-01 $699,000 (4.2%) $1,315,088 (5.7%) 0.00 1,582
2018-09-01 $699,000 (3.6%) $1,314,124 (4.7%) 0.00 1,548
2018-10-01 $699,000 (3.9%) $1,301,660 (0.8%) 0.00 1,590
2018-11-01 $731,750 (4.7%) $1,325,710 (1.0%) 0.00 1,718
2018-12-01 $729,000 (4.3%) $1,325,853 (1.2%) 0.00 1,825
2019-01-01 $730,000 (3.4%) $1,311,868 (-1.3%) 0.00 1,932
2019-02-01 $724,500 (3.6%) $1,294,243 (-3.8%) 0.00 2,018
2019-03-01 $737,571 (5.5%) $1,308,627 (-2.6%) 0.00 1,971
2019-04-01 $749,000 (7.1%) $1,326,895 (-2.0%) 0.00 1,890
2019-05-01 $769,000 (10.0%) $1,371,088 (2.2%) 0.00 1,799
2019-06-01 $750,000 (7.3%) $1,356,150 (2.4%) 0.00 1,736
2019-07-01 $760,000 (8.7%) $1,366,733 (3.9%) 0.00 1,694
2019-08-01 $780,755 (11.7%) $1,396,722 (6.2%) 0.00 1,610
2019-09-01 $789,611 (13.0%) $1,438,436 (9.5%) 0.00 1,510
2019-10-01 $795,000 (13.7%) $1,474,577 (13.3%) 0.00 1,433
2019-11-01 $799,000 (9.2%) $1,485,026 (12.0%) 0.00 1,504
2019-12-01 $799,125 (9.6%) $1,500,949 (13.2%) 0.00 1,616
2020-01-01 $803,750 (10.1%) $1,516,232 (15.6%) 0.00 1,648
2020-02-01 $799,000 (10.3%) $1,485,200 (14.8%) 0.00 1,746
2020-03-01 $799,500 (8.4%) $1,505,811 (15.1%) 0.00 1,754
2020-04-01 $799,000 (6.7%) $1,490,622 (12.3%) 0.00 1,677
2020-05-01 $799,000 (3.9%) $1,512,569 (10.3%) 0.00 1,609
2020-06-01 $799,450 (6.6%) $1,534,510 (13.2%) 0.00 1,495
2020-07-01 $823,750 (8.4%) $1,589,979 (16.3%) 0.00 1,384
2020-08-01 $849,000 (8.7%) $1,629,623 (16.7%) 0.00 1,232
2020-09-01 $867,000 (9.8%) $1,666,754 (15.9%) 0.00 1,185
2020-10-01 $849,250 (6.8%) $1,693,184 (14.8%) 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 (7.2%) $1,749,362 (16.6%) 0.00 1,043
2021-01-01 $864,000 (7.5%) $1,804,015 (19.0%) 0.00 977
2021-02-01 $860,000 (7.6%) $1,797,728 (21.0%) 0.00 812
2021-03-01 $878,750 (9.9%) $1,803,779 (19.8%) 0.00 699
2021-04-01 $893,125 (11.8%) $1,905,451 (27.8%) 0.00 594
2021-05-01 $995,000 (24.5%) $2,032,472 (34.4%) 0.00 512
2021-06-01 $1,051,250 (31.5%) $2,070,126 (34.9%) 0.00 512
2021-07-01 $1,100,000 (33.5%) $2,107,807 (32.6%) 0.00 517
2021-08-01 $1,113,257 (31.1%) $2,061,570 (26.5%) 0.00 530
2021-09-01 $1,161,000 (33.9%) $2,102,077 (26.1%) 0.00 545
2021-10-01 $1,162,500 (36.9%) $2,046,936 (20.9%) 0.00 543
2021-11-01 $1,206,250 (37.9%) $2,128,440 (22.7%) 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 (45.0%) $2,108,246 (10.6%) 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 (26.0%) $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 (15.8%) $2,383,808 (15.6%) 0.00 656
2022-09-01 $1,262,500 (8.7%) $2,396,227 (14.0%) 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 (11.9%) $2,425,276 (14.0%) 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 $1,357,000 (-9.3%) $2,428,778 (2.3%) 0.00 1,254
Key West's median listing price for 2024-05-01 was $1,357,000, a difference of $-139,250 (-9.3%) versus the prior year and $57,000 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 2024-05-01 was $2,428,778, a difference of $55,511 (2.3%) versus the prior year and $18,112 versus the prior month.

For the 2024-05-01 period, Key West had 1,254 MLS listings, a difference of -52 listings (-4%) versus the prior month and 454 listings (57%) 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 1,497 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 1,490 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 1,491 sqft
2018-10-01 0 days 1,480 sqft
2018-11-01 0 days 1,498 sqft
2018-12-01 0 days 1,482 sqft
2019-01-01 0 days 1,493 sqft
2019-02-01 0 days 1,509 sqft
2019-03-01 0 days 1,525 sqft
2019-04-01 0 days 1,550 sqft
2019-05-01 0 days 1,564 sqft
2019-06-01 0 days 1,531 sqft
2019-07-01 0 days 1,526 sqft
2019-08-01 0 days 1,539 sqft
2019-09-01 0 days 1,555 sqft
2019-10-01 0 days 1,571 sqft
2019-11-01 0 days 1,579 sqft
2019-12-01 0 days 1,574 sqft
2020-01-01 0 days 1,579 sqft
2020-02-01 0 days 1,570 sqft
2020-03-01 0 days 1,574 sqft
2020-04-01 0 days 1,567 sqft
2020-05-01 0 days 1,552 sqft
2020-06-01 0 days 1,555 sqft
2020-07-01 0 days 1,547 sqft
2020-08-01 0 days 1,553 sqft
2020-09-01 0 days 1,554 sqft
2020-10-01 0 days 1,526 sqft
2020-11-01 0 days 1,520 sqft
2020-12-01 0 days 1,497 sqft
2021-01-01 0 days 1,515 sqft
2021-02-01 0 days 1,480 sqft
2021-03-01 0 days 1,483 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 1,611 sqft
2021-08-01 0 days 1,594 sqft
2021-09-01 0 days 1,589 sqft
2021-10-01 0 days 1,565 sqft
2021-11-01 0 days 1,569 sqft
2021-12-01 0 days 1,560 sqft
2022-01-01 0 days 1,558 sqft
2022-02-01 0 days 1,649 sqft
2022-03-01 0 days 1,599 sqft
2022-04-01 0 days 1,596 sqft
2022-05-01 0 days 1,622 sqft
2022-06-01 0 days 1,593 sqft
2022-07-01 0 days 1,536 sqft
2022-08-01 0 days 1,544 sqft
2022-09-01 0 days 1,533 sqft
2022-10-01 0 days 1,532 sqft
2022-11-01 0 days 1,525 sqft
2022-12-01 0 days 1,534 sqft
2023-01-01 0 days 1,540 sqft
2023-02-01 0 days 1,559 sqft
2023-03-01 0 days 1,605 sqft
2023-04-01 0 days 1,624 sqft
2023-05-01 0 days 1,600 sqft
2023-06-01 0 days 1,579 sqft
2023-07-01 0 days 1,576 sqft
2023-08-01 0 days 1,598 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 1,570 sqft
2024-01-01 0 days 1,582 sqft
2024-02-01 0 days 1,566 sqft
2024-03-01 0 days 1,549 sqft
2024-04-01 0 days 1,538 sqft
2024-05-01 0 days 1,545 sqft
Key West's median listing age (time on market) for 2024-05-01 was 0 days.

Key West's median square footage for active listings during the 2024-05-01 period was 1,545 sqft. One year prior, the average listing was 1,600 sqft.

Key West, FL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 912 $752,770,000 $825,406
Cash Out Refi 135 $85,255,000 $631,519
Home Improvement 133 $29,995,000 $225,526
Other 100 $45,950,000 $459,500
Refi 93 $64,175,000 $690,054

Key West's most frequently cited loan purpose was Home Purchase, with 912 originations. The 2nd most popular reason was Cash Out Refi, with 135 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 419 $292,045,000 $697,005
7-8% 323 $205,245,000 $635,433
Over 8% 287 $152,555,000 $531,551
5-6% 251 $253,365,000 $1,009,422
4-5% 51 $45,035,000 $883,039
2.5-3% 15 $4,485,000 $299,000
<2.5% 5 $915,000 $183,000
3-4% 2 $3,520,000 $1,760,000

During 2023, Key West's most frequently originated rate bucket was 6-7%, with 419 originations.

Loan Sizing (Key West, FL MSA)

Loan Size Originations Total Value Average Loan
$600k-1000k 390 $287,410,000 $736,949
$400k-600k 326 $161,890,000 $496,595
$Over $1MM 236 $440,640,000 $1,867,119
$200k-400k 226 $67,780,000 $299,912
$100k-200k 109 $15,195,000 $139,404
$100,000 or less 86 $5,230,000 $60,814

Key West's loan sizing saw the bucket of loans from $600k-1000k with 390 originations, totaling $287,410,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
60-80% 425 $402,395,000 $946,812
80-100% 321 $245,825,000 $765,810
Under 20% 217 $35,625,000 $164,171
40-60% 188 $168,710,000 $897,394
20-40% 175 $85,215,000 $486,943
Over 100% 19 $11,735,000 $617,632

Key West's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 425 originations, totaling $402,395,000 in origination value.