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, Napa, San Jose, Sacramento, and Santa Rosa among others. We have data for 18 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 a below average pick rate when compared to similar lenders.
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Originations
111Origination Dollar Volume (All Markets)
$91,565,000Top 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) | 49 | $46,045,000 | $939,694 | $0 | 8.32% |
| NAPA, CA (FHA|USDA|VA) | 2 | $9,310,000 | $4,655,000 | $0 | 8.50% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 9 | $8,015,000 | $890,556 | $0 | 8.67% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 11 | $7,865,000 | $715,000 | $0 | 8.64% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 6 | $4,530,000 | $755,000 | $0 | 8.25% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $3,905,000 | $3,905,000 | $0 | 7.50% |
| VALLEJO, CA (FHA|USDA|VA) | 8 | $2,860,000 | $357,500 | $0 | 8.72% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $1,825,000 | $608,333 | $0 | 8.25% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $0 | 8.63% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $1,160,000 | $580,000 | $0 | 9.00% |
| Ukiah, CA (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $0 | 9.00% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $0 | 8.50% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $0 | 8.00% |
| STOCKTON, CA (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $0 | 9.13% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $0 | 8.33% |
| Outside of Metro Areas | 1 | $205,000 | $205,000 | $0 | 8.50% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.00% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 109 | $91,065,000 | $835,459 | $0 | 8.49% |
| HELOC | 2 | $500,000 | $250,000 | n/a | 8.25% |
For 2020, Fjm Private Mortgage Fund's most frequently originated type of loan was Conventional, with 109 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 | 72 | $43,330,000 | $601,806 | $0 | 8.51% |
| Refi | 39 | $48,235,000 | $1,236,795 | $0 | 8.44% |
For 2020, Fjm Private Mortgage Fund's most frequently cited loan purpose was Home Purchase, with 72 originations. The 2nd most popular reason was Refi, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 1 Year | 73 | $67,385,000 | $923,082 | $0 | 8.48% |
| Other | 37 | $23,775,000 | $642,568 | $0 | 8.51% |
| 3 Year | 1 | $405,000 | $405,000 | $0 | 7.99% |
For 2020, Fjm Private Mortgage Fund's most frequently cited loan duration was 1 Year, with 73 originations. The 2nd most popular length was Other, with 37 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 80 | $60,310,000 | $753,875 |
| 7-8% | 31 | $31,255,000 | $1,008,226 |
During 2020, 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 80 originations.
Loan Sizing
2020 saw Fjm Private Mortgage Fund place emphasis on $200k-400k loans with 31 originations, totaling $9,185,000 in origination value.
Applicant Income
Fjm Private Mortgage Fund lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $150k-250k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 40% | 1 | $345,000 | $345,000 | $0 | 8.50% |
Fjm Private Mortgage Fund lent most frequently to those with DTI ratios of 40%, with 1 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 origination86.49%
Fjm Private Mortgage Fund has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 111 | $91,565,000 | $824,910 |