Fjm Private Mortgage Fund Rates, Fees & Info
Petaluma, CALEI: 254900TBJSIXN1M7S968
Tax ID: 46-2418620
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
186Origination Dollar Volume (All Markets)
$188,140,000Top 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 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 origination95.72%
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% |
