KeyPoint Credit Union Mortgage Interest Rate and Cost Review

Is KeyPoint Credit Union a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by KeyPoint Credit Union to those of other lenders for a comparable set of borrowers. Here is our review of KeyPoint Credit Union nationally:

Review ItemKeyPoint Credit Union
Interest Ratelower than other lenders (-0.15%)
Loan Related Closing Costssimilar to other lenders (-$238)
National Rate and Closing Cost Star Rating(4.5)

On average, KeyPoint Credit Union’s interest rates were lower than those of other lenders (-0.15%). On the other hand, its loan related closing costs were similar to those of other lenders, with a difference of -$238. Overall, combining interest rates and closing costs we estimate that KeyPoint Credit Union tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4.5 out of 5 stars. This is an excellent rating and places it among the top 15% of lenders nationwide.

We maintain our independence by not accepting any money from the mortgage lenders we review. To visit KeyPoint Credit Union, check out its website at:

KeyPoint Credit Union’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track KeyPoint Credit Union was most active in:

  1. San Jose, CA
  2. San Francisco, CA
  3. Santa Maria, CA
  4. Stockton, CA
  5. Sacramento, CA

KeyPoint Credit Union’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, KeyPoint Credit Union originated Conforming and Jumbo mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders by mortgages type is as follows.

New Purchase MortgagesConformingJumbo
Interest Rate Difference+0.01%-0.00%
Loan Related Closing Cost Difference-$42-$105
Cost Adjusted Rate Difference+0.01%-0.00%
National Star Rating(3.5)(3.5)
Refinance MortgagesConformingJumbo
Interest Rate Difference-0.19%-0.00%
Loan Related Closing Cost Difference-$320+$209
Cost Adjusted Rate Difference-0.21%-0.00%
Average Star Rating(4.5)(3.5)

As a summary, KeyPoint Credit Union is similar to other lenders for Conforming and Jumbo purchase mortgages. For refinancing, KeyPoint Credit Union is cheap for Conforming mortgage refinance. It is similar to other lenders for Jumbo mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about KeyPoint Credit Union:

Registered name: KeyPoint Credit Union
Registered city and state: SANTA CLARA, CA, 95051
Regulator: National Credit Union Administration (NCUA)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for KeyPoint Credit Union’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 commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.