Keystone Funding, Inc Mortgage Lending & HMDA Data, 2023
In 2023, Keystone Funding, Inc of Dover, DE reported 2,559 mortgage applications totaling $944.7 million, up 2% from 2022. The average application was for $369,161, and applicants reported an average income of $137,895. 72% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Montgomery County-Bucks County-Chester County, PA (323), Philadelphia, PA (203) and Tampa-St. Petersburg-Clearwater, FL (163) (applications in parentheses).
| Mortgage Company & Address | Keystone Funding, Inc 519 S Red Haven Ln Dover, DE 19901 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2018 |
| Total Number of Mortgage Applications | 2,559 |
| Total Mortgage Loan Application Amount | $944,685,000 |
| Average Mortgage Loan Application Amount | $369,161 |
| Highest Mortgage Loan Application Amount | $1,145,000 |
| Average Applicant Income | $137,895 |
| Highest Applicant Income | $1,386,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Keystone Funding, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Montgomery County-Bucks County-Chester County, PA | 323 | $ 126,755,000 | $ 392,430 | $ 161,000 |
| Philadelphia, PA | 203 | $ 63,645,000 | $ 313,522 | $ 130,000 |
| Tampa-St. Petersburg-Clearwater, FL | 163 | $ 55,845,000 | $ 342,607 | $ 133,000 |
| Wilmington, DE-MD-NJ | 149 | $ 48,465,000 | $ 325,268 | $ 117,523 |
| Outside any metro area | 125 | $ 36,905,000 | $ 295,240 | $ 117,712 |
| Dover, DE | 95 | $ 27,615,000 | $ 290,684 | $ 96,000 |
| Newark, NJ-PA | 94 | $ 42,310,000 | $ 450,106 | $ 159,595 |
| Baltimore-Columbia-Towson, MD | 82 | $ 33,530,000 | $ 408,902 | $ 145,000 |
| New York-Newark, NY | 79 | $ 37,205,000 | $ 470,949 | $ 166,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 76 | $ 39,290,000 | $ 516,973 | $ 168,131 |
| Camden, NJ | 75 | $ 26,665,000 | $ 355,533 | $ 176,000 |
| Jacksonville, FL | 58 | $ 20,620,000 | $ 355,517 | $ 121,000 |
| New York-Jersey City-White Plains, NY-NJ | 57 | $ 27,875,000 | $ 489,035 | $ 161,000 |
| Salisbury, MD-DE | 47 | $ 15,235,000 | $ 324,148 | $ 121,617 |
| Atlanta-Sandy Springs-Roswell, GA | 34 | $ 12,060,000 | $ 354,705 | $ 114,000 |
| Boston, MA | 34 | $ 17,540,000 | $ 515,882 | $ 147,000 |
| Springfield, MA | 32 | $ 8,740,000 | $ 273,125 | $ 75,000 |
| Manchester-Nashua, NH | 28 | $ 11,050,000 | $ 394,642 | $ 140,000 |
| Worcester, MA-CT | 28 | $ 9,950,000 | $ 355,357 | $ 107,000 |
| Auburn-Opelika, AL | 27 | $ 9,285,000 | $ 343,888 | $ 120,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 26 | $ 9,810,000 | $ 377,307 | $ 112,384 |
| Allentown-Bethlehem-Easton, PA-NJ | 25 | $ 7,405,000 | $ 296,200 | $ 122,680 |
| Cape Coral-Fort Myers, FL | 24 | $ 9,160,000 | $ 381,666 | $ 156,000 |
| Rockingham County-Strafford County, NH | 24 | $ 10,070,000 | $ 419,583 | $ 150,000 |
| Barnstable Town, MA | 23 | $ 8,825,000 | $ 383,695 | $ 117,000 |
| Harrisburg-Carlisle, PA | 23 | $ 7,175,000 | $ 311,956 | $ 183,000 |
| Cambridge-Newton-Framingham, MA | 21 | $ 10,555,000 | $ 502,619 | $ 146,000 |
| Houston-The Woodlands-Sugar Land, TX | 21 | $ 6,835,000 | $ 325,476 | $ 114,000 |
| Denver-Aurora-Lakewood, CO | 20 | $ 9,060,000 | $ 453,000 | $ 141,000 |
| North Port-Sarasota-Bradenton, FL | 19 | $ 6,665,000 | $ 350,789 | $ 132,000 |
| Orlando-Kissimmee-Sanford, FL | 19 | $ 7,695,000 | $ 405,000 | $ 127,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 19 | $ 8,795,000 | $ 462,894 | $ 153,000 |
| San Antonio-New Braunfels, TX | 18 | $ 5,650,000 | $ 313,888 | $ 105,000 |
| Reading, PA | 17 | $ 4,485,000 | $ 263,823 | $ 104,000 |
| Lakeland-Winter Haven, FL | 16 | $ 4,920,000 | $ 307,500 | $ 95,000 |
| Port St. Lucie, FL | 16 | $ 5,440,000 | $ 340,000 | $ 131,000 |
| Fayetteville, NC | 14 | $ 4,440,000 | $ 317,142 | $ 111,000 |
| Raleigh, NC | 14 | $ 5,660,000 | $ 404,285 | $ 142,000 |
| New Haven-Milford, CT | 13 | $ 4,315,000 | $ 331,923 | $ 111,000 |
| Ocala, FL | 13 | $ 3,685,000 | $ 283,461 | $ 108,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 13 | $ 5,555,000 | $ 427,307 | $ 127,000 |
| Warner Robins, GA | 13 | $ 3,335,000 | $ 256,538 | $ 81,000 |
| Phoenix-Mesa-Scottsdale, AZ | 12 | $ 5,580,000 | $ 465,000 | $ 174,000 |
| Providence-Warwick, RI-MA | 12 | $ 4,650,000 | $ 387,500 | $ 103,916 |
| Trenton, NJ | 12 | $ 4,670,000 | $ 389,166 | $ 154,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 11 | $ 3,645,000 | $ 331,363 | $ 143,000 |
| Lancaster, PA | 11 | $ 3,695,000 | $ 335,909 | $ 126,000 |
| Greensboro-High Point, NC | 10 | $ 2,150,000 | $ 215,000 | $ 70,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 10 | $ 1,880,000 | $ 188,000 | $ 91,000 |
| East Stroudsburg, PA | 9 | $ 2,535,000 | $ 281,666 | $ 164,000 |
| Richmond, VA | 9 | $ 2,615,000 | $ 290,555 | $ 86,000 |
| Pittsburgh, PA | 8 | $ 2,200,000 | $ 275,000 | $ 154,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 8 | $ 5,540,000 | $ 692,500 | $ 225,000 |
| Bridgeport-Stamford-Norwalk, CT | 7 | $ 2,815,000 | $ 402,142 | $ 151,000 |
| Durham-Chapel Hill, NC | 7 | $ 1,635,000 | $ 233,571 | $ 104,000 |
| Fort Worth-Arlington, TX | 7 | $ 2,255,000 | $ 322,142 | $ 109,000 |
| Los Angeles-Long Beach-Glendale, CA | 7 | $ 4,955,000 | $ 707,857 | $ 204,000 |
| Naples-Immokalee-Marco Island, FL | 7 | $ 3,015,000 | $ 430,714 | $ 167,000 |
| Oakland-Hayward-Berkeley, CA | 7 | $ 3,525,000 | $ 503,571 | $ 148,000 |
| Ocean City, NJ | 7 | $ 2,165,000 | $ 309,285 | $ 144,000 |
| Albany, OR | 6 | $ 2,080,000 | $ 346,666 | $ 97,000 |
| Charlotte-Concord-Gastonia, NC-SC | 6 | $ 2,610,000 | $ 435,000 | $ 150,166 |
| Dallas-Plano-Irving, TX | 6 | $ 2,130,000 | $ 355,000 | $ 120,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 6 | $ 2,250,000 | $ 375,000 | $ 131,000 |
| Atlantic City-Hammonton, NJ | 5 | $ 1,465,000 | $ 293,000 | $ 157,000 |
| El Paso, TX | 5 | $ 1,635,000 | $ 327,000 | $ 174,000 |
| Hartford-West Hartford-East Hartford, CT | 5 | $ 1,415,000 | $ 283,000 | $ 109,000 |
| Punta Gorda, FL | 5 | $ 1,815,000 | $ 363,000 | $ 118,000 |
| Roanoke, VA | 5 | $ 945,000 | $ 189,000 | $ 101,000 |
| Stockton-Lodi, CA | 5 | $ 2,285,000 | $ 457,000 | $ 132,000 |
| Washington-Baltimore-Arlington, DC | 5 | $ 2,205,000 | $ 441,000 | $ 139,000 |
| York-Hanover, PA | 5 | $ 1,555,000 | $ 311,000 | $ 183,000 |
| Columbus, GA-AL | 4 | $ 1,020,000 | $ 255,000 | $ 116,000 |
| Hagerstown-Martinsburg, MD-WV | 4 | $ 1,040,000 | $ 260,000 | $ 87,000 |
| Portland-South Portland, ME | 4 | $ 1,350,000 | $ 337,500 | $ 127,000 |
| Winston-Salem, NC | 4 | $ 1,010,000 | $ 252,500 | $ 120,000 |
| Bremerton-Silverdale, WA | 3 | $ 1,475,000 | $ 491,666 | $ 301,000 |
| Crestview-Fort Walton Beach-Destin, FL | 3 | $ 1,125,000 | $ 375,000 | $ 131,000 |
| Gainesville, FL | 3 | $ 1,365,000 | $ 455,000 | $ 121,000 |
| Gainesville, GA | 3 | $ 1,695,000 | $ 565,000 | $ 412,000 |
| Greeley, CO | 3 | $ 1,385,000 | $ 461,666 | $ 131,000 |
| Laredo, TX | 3 | $ 725,000 | $ 241,666 | $ 127,000 |
| Macon-Bibb County, GA | 3 | $ 515,000 | $ 171,666 | $ 67,000 |
| Miami-Miami Beach-Kendall, FL | 3 | $ 1,145,000 | $ 381,666 | $ 184,000 |
| Modesto, CA | 3 | $ 1,195,000 | $ 398,333 | $ 187,000 |
| Palm Bay-Melbourne-Titusville, FL | 3 | $ 685,000 | $ 228,333 | $ 104,000 |
| Salem, OR | 3 | $ 1,145,000 | $ 381,666 | $ 131,000 |
| Sebastian-Vero Beach, FL | 3 | $ 975,000 | $ 325,000 | $ 95,000 |
| Vineland-Bridgeton, NJ | 3 | $ 785,000 | $ 261,666 | $ 112,000 |
| Anaheim-Santa Ana-Irvine, CA | 2 | $ 1,870,000 | $ 935,000 | $ 257,000 |
| Birmingham-Hoover, AL | 2 | $ 500,000 | $ 250,000 | $ 113,000 |
| Blacksburg-Christiansburg-Radford, VA | 2 | $ 540,000 | $ 270,000 | $ 75,000 |
| Boulder, CO | 2 | $ 1,070,000 | $ 535,000 | $ 137,000 |
| Killeen-Temple, TX | 2 | $ 590,000 | $ 295,000 | $ 146,000 |
| Longview, TX | 2 | $ 440,000 | $ 220,000 | $ 108,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 2 | $ 340,000 | $ 170,000 | $ 78,500 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 840,000 | $ 420,000 | $ 133,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 1,120,000 | $ 560,000 | $ 87,000 |
| Rome, GA | 2 | $ 480,000 | $ 240,000 | $ 57,000 |
| Salinas, CA | 2 | $ 1,180,000 | $ 590,000 | $ 199,000 |
| San Diego-Carlsbad, CA | 2 | $ 630,000 | $ 315,000 | $ 140,000 |
| San Francisco-Redwood City-South San Francisco, CA | 2 | $ 1,680,000 | $ 840,000 | $ 188,000 |
| Spartanburg, SC | 2 | $ 580,000 | $ 290,000 | $ 74,000 |
| Tacoma-Lakewood, WA | 2 | $ 840,000 | $ 420,000 | $ 136,000 |
| The Villages, FL | 2 | $ 1,180,000 | $ 590,000 | $ 768,000 |
| Austin-Round Rock, TX | 1 | $ 495,000 | $ 495,000 | $ 105,000 |
| Bangor, ME | 1 | $ 185,000 | $ 185,000 | $ 81,000 |
| Burlington, NC | 1 | $ 125,000 | $ 125,000 | $ 39,000 |
| California-Lexington Park, MD | 1 | $ 415,000 | $ 415,000 | $ 126,000 |
| Chambersburg-Waynesboro, PA | 1 | $ 225,000 | $ 225,000 | $ 95,000 |
| Colorado Springs, CO | 1 | $ 225,000 | $ 225,000 | $ 57,000 |
| Daphne-Fairhope-Foley, AL | 1 | $ 655,000 | $ 655,000 | $ 1,153,000 |
| Fort Collins, CO | 1 | $ 415,000 | $ 415,000 | $ 91,000 |
| Grand Junction, CO | 1 | $ 235,000 | $ 235,000 | $ 100,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 265,000 | $ 265,000 | $ 86,000 |
| Harrisonburg, VA | 1 | $ 485,000 | $ 485,000 | $ 193,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 875,000 | $ 875,000 | $ 207,000 |
| Homosassa Springs, FL | 1 | $ 295,000 | $ 295,000 | $ 155,000 |
| Lebanon, PA | 1 | $ 435,000 | $ 435,000 | $ 119,000 |
| Lubbock, TX | 1 | $ 165,000 | $ 165,000 | $ 57,000 |
| Mobile, AL | 1 | $ 205,000 | $ 205,000 | $ 89,000 |
| Norwich-New London, CT | 1 | $ 435,000 | $ 435,000 | $ 160,000 |
| Olympia-Tumwater, WA | 1 | $ 685,000 | $ 685,000 | $ 159,000 |
| Panama City, FL | 1 | $ 255,000 | $ 255,000 | $ 311,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 1 | $ 535,000 | $ 535,000 | $ 144,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 535,000 | $ 535,000 | $ 162,000 |
| Savannah, GA | 1 | $ 545,000 | $ 545,000 | $ 178,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 365,000 | $ 365,000 | $ 83,000 |
| Tucson, AZ | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Tuscaloosa, AL | 1 | $ 375,000 | $ 375,000 | $ 135,000 |
| Visalia-Porterville, CA | 1 | $ 205,000 | $ 205,000 | $ 81,000 |
| Winchester, VA-WV | 1 | $ 165,000 | $ 165,000 | $ 42,000 |
Mortgage Loan Application Detail Totals for Keystone Funding, Inc in 2023
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 2,382 | $884,340,000 | $371,000 | $1,105,000 | $138,000 | $1,386,000 |
| Cash-out Refinancing | 124 | $41,650,000 | $335,000 | $865,000 | $134,000 | $956,000 |
| Refinancing | 51 | $18,355,000 | $359,000 | $1,145,000 | $141,000 | $621,000 |
| Other Purpose | 2 | $340,000 | $170,000 | $255,000 | $176,000 | $297,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 1,302 | $473,530,000 | $363,000 | $1,105,000 | $141,000 | $930,000 |
| Not Provided | 505 | $197,955,000 | $391,000 | $1,145,000 | $139,000 | $1,153,000 |
| Black or African American | 298 | $104,500,000 | $350,000 | $795,000 | $116,000 | $1,104,000 |
| Hispanic | 272 | $98,530,000 | $362,000 | $735,000 | $120,000 | $956,000 |
| Asian | 150 | $57,970,000 | $386,000 | $965,000 | $173,000 | $1,386,000 |
| American Indian or Alaskan Native | 11 | $3,675,000 | $334,000 | $605,000 | $108,000 | $191,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $640,000 | $320,000 | $355,000 | $105,000 | $119,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,337 | $509,375,000 | $380,000 | $1,145,000 | $162,000 | $1,386,000 |
| FHA-insured (Federal Housing Administration) | 913 | $322,105,000 | $352,000 | $1,105,000 | $110,000 | $956,000 |
| VA-guaranteed (Veterans Administration) | 254 | $99,630,000 | $392,000 | $985,000 | $120,000 | $521,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 55 | $13,575,000 | $246,000 | $415,000 | $83,000 | $126,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 1,854 | $683,170,000 | $368,000 | $1,105,000 | $139,000 | $1,386,000 |
| Application Approved But Not Accepted | 366 | $134,730,000 | $368,000 | $1,045,000 | $138,000 | $1,104,000 |
| Application Withdrawn By Applicant | 207 | $81,765,000 | $395,000 | $1,035,000 | $146,000 | $676,000 |
| Application Denied By Financial Institution | 132 | $45,020,000 | $341,000 | $1,145,000 | $103,000 | $521,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 2,427 | $899,665,000 | $370,000 | $1,105,000 | $139,000 | $1,386,000 |
| Debt-To-Income Ratio | 58 | $19,830,000 | $341,000 | $695,000 | $90,000 | $297,000 |
| Collateral | 21 | $5,195,000 | $247,000 | $525,000 | $98,000 | $156,000 |
| Credit History | 18 | $6,500,000 | $361,000 | $765,000 | $143,000 | $521,000 |
| Employment History | 10 | $3,390,000 | $339,000 | $445,000 | $80,000 | $146,000 |
| Other | 9 | $4,065,000 | $451,000 | $1,145,000 | $119,000 | $248,000 |
| Unverifiable Information | 8 | $3,500,000 | $437,000 | $595,000 | $108,000 | $213,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $2,315,000 | $330,000 | $725,000 | $135,000 | $396,000 |
| Credit Application Incomplete | 1 | $225,000 | $225,000 | $225,000 | $61,000 | $61,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Keystone Funding, Inc's 2023 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Keystone Funding, Inc's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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