Fjm Private Mortgage Fund Rates, Fees & Info

Petaluma, CA

LEI: 254900TBJSIXN1M7S968

Tax ID: 46-2418620

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include San Francisco, Los Angeles, San Jose, Sacramento, and Santa Rosa among others. Fjm Private Mortgage Fund has an above average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors.


Originations

186

Origination Dollar Volume (All Markets)

$188,140,000

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 82 $72,540,000 $884,634 $0 7.67%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 14 $44,250,000 $3,160,714 $0 7.49%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 22 $17,980,000 $817,273 $0 7.63%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 23 $14,235,000 $618,913 $0 8.07%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 9 $9,025,000 $1,002,778 $0 8.22%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $6,605,000 $6,605,000 $0 7.50%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $5,480,000 $913,333 $0 7.46%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $4,905,000 $4,905,000 $0 7.75%
VALLEJO, CA (FHA|USDA|VA) 8 $2,740,000 $342,500 $0 7.81%
Truckee-Grass Valley, CA (FHA|USDA|VA) 4 $1,990,000 $497,500 $0 8.00%
STOCKTON, CA (FHA|USDA|VA) 4 $1,720,000 $430,000 $0 8.12%
SALEM, OR (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $0 8.00%
Ukiah, CA (FHA|USDA|VA) 2 $1,120,000 $560,000 $0 8.00%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 6.99%
MODESTO, CA (FHA|USDA|VA) 4 $690,000 $172,500 $0 7.87%
YUBA CITY, CA (FHA|USDA|VA) 1 $655,000 $655,000 $0 9.00%
SALINAS, CA (FHA|USDA|VA) 1 $595,000 $595,000 $0 7.50%
Red Bluff, CA (FHA|USDA|VA) 1 $575,000 $575,000 $0 8.00%
NAPA, CA (FHA|USDA|VA) 1 $525,000 $525,000 $0 7.00%

Fjm Private Mortgage Fund 's top markets include San Francisco, Los Angeles, San Jose, Sacramento, and Santa Rosa among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 186 $188,140,000 $1,011,505 $0 7.76%

For the 2021 period, Fjm Private Mortgage Fund 's most frequently originated loan type of loans were Conventional, with 186 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 136 $127,540,000 $937,794 $0 7.76%
Refi 49 $59,195,000 $1,208,061 $0 7.76%
Cash Out Refi 1 $1,405,000 $1,405,000 $0 7.50%

For the 2021, Fjm Private Mortgage Fund 's most frequently cited loan purpose of loans were Home Purchase, with 136 originations. The 2nd most popular reason of loans were Refi, with 49 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
1 Year 127 $129,615,000 $1,020,591 $0 7.75%
Other 59 $58,525,000 $991,949 $0 7.77%

For the 2021, Fjm Private Mortgage Fund 's most frequently cited loan length of loans were 1 Year, with 127 originations. The 2nd most popular length of loans were Other, with 59 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
7-8% 151 $146,085,000 $967,450
Over 8% 26 $12,150,000 $467,308
6-7% 9 $29,905,000 $3,322,778

During 2021, Fjm Private Mortgage Fund 's average interest rate of loans were 0.00%, while their most frequently originated rate bucket of loans were 7-8%, with 151 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$1MM+ 50 $124,320,000 $2,486,400 $0 7.60%
$200k-400k 48 $13,920,000 $290,000 $0 7.84%
$600k-1MM 42 $31,090,000 $740,238 $0 7.73%
$400k-600k 35 $17,055,000 $487,286 $0 7.78%
$100k-200k 11 $1,755,000 $159,545 $0 8.09%

2021 saw Fjm Private Mortgage Fund place emphasis on $1MM+ loans with 50 originations, totaling $124,320,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 41 $56,345,000 $1,374,268 $0 7.63%
$150k-250k 36 $19,310,000 $536,389 $0 7.82%
$100k-150k 12 $7,080,000 $590,000 $0 7.96%
$50k or less 11 $4,935,000 $448,636 $0 7.91%
$75k-100k 6 $4,030,000 $671,667 $0 8.08%
$50k-75k 3 $2,185,000 $728,333 $0 8.17%

Fjm Private Mortgage Fund lent most frequently to those with incomes in the $250k+ range, with 41 originations. The second most popular income band? $150k-250k, with 36 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 70 $88,500,000 $1,264,286 $0 7.67%
White 72 $61,300,000 $851,389 $0 7.88%
Asian 38 $34,760,000 $914,737 $0 7.61%
Black 5 $3,245,000 $649,000 $0 8.10%
American Indian 1 $335,000 $335,000 $0 8.00%

Approval Rates

Total approvals of all applications
100.00%

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 origination
95.72%

Fjm Private Mortgage Fund has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points Originations Total Value Average Loan
NA 186 $188,140,000 $1,011,505

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
186 $188,140,000 $1,011,505

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 12 $6,380,000 $531,667 $0 7.65%
40-60% 43 $34,725,000 $807,558 $0 7.83%
60-80% 109 $108,675,000 $997,018 $0 7.74%
80-100% 8 $7,690,000 $961,250 $0 8.05%
Over 100% 10 $28,130,000 $2,813,000 $0 7.65%
Under 20% 4 $2,540,000 $635,000 $0 7.44%