Fjm Private Mortgage Fund Rates, Fees & Info

Petaluma, CA

LEI: 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

17

Origination Dollar Volume (All Markets)

$12,935,000

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

Their top states include:
  • California (FHA|USDA|VA)
  • 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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 8 $6,120,000 $765,000 $0 8.96%
    $400k-600k 5 $2,445,000 $489,000 $0 8.89%
    $1MM+ 3 $4,165,000 $1,388,333 $0 8.66%
    $200k-400k 1 $205,000 $205,000 $0 8.99%

    2023 saw Fjm Private Mortgage Fund place emphasis on $600k-1MM loans with 8 originations, totaling $6,120,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 6 $4,870,000 $811,667 $0 8.91%
    $250k+ 2 $1,220,000 $610,000 $0 8.99%
    $50k-75k 2 $1,310,000 $655,000 $0 8.88%
    $75k-100k 1 $205,000 $205,000 $0 8.99%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 6 $5,330,000 $888,333 $0 8.83%
    White 6 $4,640,000 $773,333 $0 8.83%
    Asian 4 $2,760,000 $690,000 $0 9.06%
    Black 1 $205,000 $205,000 $0 8.99%

    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
    94.12%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    17 $12,935,000 $760,882

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 8 $5,440,000 $680,000 $0 8.81%
    60-80% 8 $5,640,000 $705,000 $0 9.03%
    Over 100% 1 $1,855,000 $1,855,000 $0 8.50%