Jayco Premium Finance Of California Mortgage Rates, Fees & Info
COSTA MESA, CALEI: 54930009LUIVFTPRGT26
Tax ID: 46-0797627
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Mortgage Data
Review & Overview
Jayco Premium Finance Of California is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Jayco Premium Finance Of California has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Diego, Charlotte, Riverside, and Crestview among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Jayco Premium Finance Of California 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. They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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Originations
55Origination Dollar Volume (All Markets)
$72,545,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 26 | $44,630,000 | $1,716,538 | $0 | 8.47% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $4,805,000 | $4,805,000 | $0 | 12.88% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $4,205,000 | $4,205,000 | $0 | 7.75% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 8 | $4,090,000 | $511,250 | $0 | 9.51% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $3,745,000 | $1,248,333 | $0 | 10.66% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $3,105,000 | $3,105,000 | $0 | 10.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $2,085,000 | $695,000 | $0 | 4.67% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $0 | 9.88% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $0 | 10.26% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 10.88% |
| Hilo, HI (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 9.88% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 9.95% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 9.95% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 5.00% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 12.88% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 6.13% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 3.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 54 | $72,380,000 | $1,340,370 | $0 | 8.86% |
| HELOC | 1 | $165,000 | $165,000 | n/a | 4.63% |
For 2021, Jayco Premium Finance Of California's most frequently originated type of loan was Conventional, with 54 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2021, Jayco Premium Finance Of California's most frequently cited loan purpose was Cash Out Refi, with 26 originations. The 2nd most popular reason was Home Purchase, with 19 originations.
Loan Duration/Length
For 2021, Jayco Premium Finance Of California's most frequently cited loan duration was 1 Year, with 33 originations. The 2nd most popular length was 30 Year, with 14 originations.
Interest Rates
During 2021, Jayco Premium Finance Of California's average interest rate for loans was 4.65%, while their most frequently originated rate bucket for loans was Over 8%, with 35 originations.
Loan Sizing
2021 saw Jayco Premium Finance Of California place emphasis on $1MM+ loans with 20 originations, totaling $57,330,000 in origination value.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 50-60% | 4 | $1,230,000 | $307,500 | $0 | 12.63% |
Ethnicity Mix
Approval Rates
Total approvals of all applications99.10%
Jayco Premium Finance Of California 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-201.82%
Jayco Premium Finance Of California has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 55 | $72,545,000 | $1,319,000 |