Fjm Private Mortgage Fund Rates, Fees & Info
Petaluma, CALEI: 254900TBJSIXN1M7S968
Tax ID: 46-2418620
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Mortgage Data
Review & Overview
Fjm Private Mortgage Fund is a smaller mortgage company specializing in Home Purchase and Refi loans. Fjm Private Mortgage Fund has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Los Angeles, Santa Rosa, San Jose, and Sacramento among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Fjm Private Mortgage Fund has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
17Origination Dollar Volume (All Markets)
$12,935,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 7 | $5,235,000 | $747,857 | $0 | 8.78% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $3,300,000 | $825,000 | $0 | 8.87% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $2,055,000 | $685,000 | $0 | 8.99% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,390,000 | $695,000 | $0 | 9.12% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $0 | 8.99% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 17 | $12,935,000 | $760,882 | $0 | 8.89% |
For 2023, Fjm Private Mortgage Fund's most frequently originated type of loan was Conventional, with 17 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 12 | $10,230,000 | $852,500 | $0 | 8.87% |
| Refi | 5 | $2,705,000 | $541,000 | $0 | 8.94% |
For 2023, Fjm Private Mortgage Fund's most frequently cited loan purpose was Home Purchase, with 12 originations. The 2nd most popular reason was Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 1 Year | 13 | $11,075,000 | $851,923 | $0 | 8.86% |
| Other | 4 | $1,860,000 | $465,000 | $0 | 8.99% |
For 2023, Fjm Private Mortgage Fund's most frequently cited loan duration was 1 Year, with 13 originations. The 2nd most popular length was Other, with 4 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 17 | $12,935,000 | $760,882 |
During 2023, Fjm Private Mortgage Fund's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 17 originations.
Loan Sizing
2023 saw Fjm Private Mortgage Fund place emphasis on $600k-1MM loans with 8 originations, totaling $6,120,000 in origination value.
Applicant Income
Fjm Private Mortgage Fund lent most frequently to those with incomes in the $150k-250k range, with 6 originations. The second most popular income band? $250k+, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Fjm Private Mortgage Fund has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.12%
Fjm Private Mortgage Fund has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 17 | $12,935,000 | $760,882 |