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, San Jose, Santa Maria, Santa Rosa, and Los Angeles among others. We have data for 16 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.

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Originations

200

Origination Dollar Volume (All Markets)

$154,000,000

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) 85 $75,695,000 $890,529 $0 8.54%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 42 $35,210,000 $838,333 $0 8.53%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $10,630,000 $5,315,000 $0 8.00%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 14 $10,460,000 $747,143 $0 8.73%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 15 $8,495,000 $566,333 $0 8.63%
MODESTO, CA (FHA|USDA|VA) 13 $3,055,000 $235,000 $0 8.87%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 7 $2,345,000 $335,000 $0 9.29%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $1,675,000 $1,675,000 $0 8.50%
SALINAS, CA (FHA|USDA|VA) 2 $1,530,000 $765,000 $0 8.75%
STOCKTON, CA (FHA|USDA|VA) 7 $1,335,000 $190,714 $0 9.18%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $1,190,000 $297,500 $0 8.56%
Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $870,000 $435,000 $0 8.50%
Ukiah, CA (FHA|USDA|VA) 2 $530,000 $265,000 $0 8.50%
NAPA, CA (FHA|USDA|VA) 1 $455,000 $455,000 $0 9.50%
Sonora, CA (FHA|USDA|VA) 1 $275,000 $275,000 $0 10.00%
VALLEJO, CA (FHA|USDA|VA) 2 $250,000 $125,000 $0 9.00%
Fjm Private Mortgage Fund's top markets include San Francisco, San Jose, Santa Maria, Santa Rosa, and Los Angeles among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 198 $153,170,000 $773,586 $0 8.64%
    HELOC 2 $830,000 $415,000 n/a 8.75%

    For 2019, Fjm Private Mortgage Fund's most frequently originated type of loan was Conventional, with 198 originations. Their 2nd most popular type was HELOC, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 118 $69,610,000 $589,915 $0 8.63%
    Refi 82 $84,390,000 $1,029,146 $0 8.66%

    For 2019, Fjm Private Mortgage Fund's most frequently cited loan purpose was Home Purchase, with 118 originations. The 2nd most popular reason was Refi, with 82 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    1 Year 113 $92,395,000 $817,655 $0 8.65%
    Other 86 $61,290,000 $712,674 $0 8.63%
    3 Year 1 $315,000 $315,000 $0 9.00%

    For 2019, Fjm Private Mortgage Fund's most frequently cited loan duration was 1 Year, with 113 originations. The 2nd most popular length was Other, with 86 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 185 $124,585,000 $673,432
    7-8% 15 $29,415,000 $1,961,000

    During 2019, 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 185 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 51 $24,755,000 $485,392 $0 8.63%
    $200k-400k 45 $12,815,000 $284,778 $0 8.80%
    $1MM+ 41 $84,085,000 $2,050,854 $0 8.51%
    $600k-1MM 39 $28,855,000 $739,872 $0 8.55%
    $100k-200k 23 $3,395,000 $147,609 $0 8.74%
    $100,000 or less 1 $95,000 $95,000 $0 9.00%

    2019 saw Fjm Private Mortgage Fund place emphasis on $400k-600k loans with 51 originations, totaling $24,755,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 30 $15,000,000 $500,000 $0 8.62%
    $250k+ 24 $19,410,000 $808,750 $0 8.58%
    $75k-100k 15 $6,485,000 $432,333 $0 8.90%
    $150k-250k 14 $8,490,000 $606,429 $0 8.61%
    $50k-75k 5 $2,085,000 $417,000 $0 8.90%
    $50k or less 4 $1,460,000 $365,000 $0 8.88%

    Fjm Private Mortgage Fund lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $250k+, with 24 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 101 $97,645,000 $966,782 $0 8.61%
    White 52 $28,540,000 $548,846 $0 8.71%
    Asian 43 $25,835,000 $600,814 $0 8.61%
    Chinese 2 $1,060,000 $530,000 $0 9.13%
    Black 2 $920,000 $460,000 $0 8.75%

    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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 200 $154,000,000 $770,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 200 $154,000,000 $770,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $11,140,000 $928,333 $0 8.63%
    40-60% 56 $41,890,000 $748,036 $0 8.67%
    60-80% 126 $97,280,000 $772,063 $0 8.64%
    80-100% 3 $2,625,000 $875,000 $0 8.50%
    Under 20% 3 $1,065,000 $355,000 $0 8.50%