Is Keller Mortgage LLC An Expensive Mortgage Lender?

We compare mortgage interest rate and loan related closing costs at Keller Mortgage LLC with other lenders for mortgages with similar borrower characteristics:

Interest Rate: similar to average (-0.03%)
Loan Related Closing Costs: lower than average (-$1162)
Assessment: this lender tends to be a cheap lender.

This scoreboard is based on data reported to FFIEC. In the data, Keller Mortgage LLC originated 3767 mortgages, a national market share of 0.1%. It was most active in SD (0.3% market share), TX (0.3% market share), and OR (0.2% market share).

On average, Keller Mortgage LLC’s interest rates were similar to those of comparable mortgages at other lenders (-0.03%).1The comparable mortgages control for Keller Mortgage LLC’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $3707, which was lower than those of comparable mortgages at $4868, with a difference of -$1162. Overall, we estimate that Keller Mortgage LLC tends to be an cheap lender, with a cost-adjusted-rate difference of -0.12% compared to comparable mortgages at other lenders.2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Nevertheless, we recommend comparing your rate and fees with at least a few other lenders before signing with Keller Mortgage LLC.

Keller Mortgage LLC originated Conforming, FHA, Jumbo and VA mortgages for new home purchases. It also originated Conforming mortgages for refinances. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:

Home Purchase Mortgages from Keller Mortgage LLC compared to other lenders

Conforming FHA Jumbo VA
Interest Rate Difference +0.00% -0.17% +0.02% -0.07%
Loan related Closing Cost Difference -$1266 -$1185 -$2053 +$163
Cost Adjusted Rate Difference -0.10% -0.27% -0.03% -0.05%

Based on the table above, Keller Mortgage LLC is cheap for Conforming and FHA purchase mortgages. It is similar to other lenders for Jumbo and VA purchase mortgages.

Mortgage Refinancing from Keller Mortgage LLC compared to other lenders

Conforming
Interest Rate Difference -0.01%
Loan Related Closing Cost Difference -$1656
Cost Adjusted Rate Difference -0.14%

Based on the table above, Keller Mortgage LLC is cheap for Conforming mortgage refinance.

Other information about Keller Mortgage LLC:

Regulator: United States Department of Housing and Urban Development (HUD) 
Registered city and state: DUBLIN, OH, 43016
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Footnotes   [ + ]

1. The comparable mortgages control for Keller Mortgage LLC’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages.
2. Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate.