Jefferson Financial Mortgage Rates, Fees & Info
Metairie, LALEI: 5493003JBN8UEVOU8O42
Tax ID: 72-0649178
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Mortgage Data
Review & Overview
Jefferson Financial is a smaller mortgage company specializing in Home Purchase and Refi loans. Jefferson Financial has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Baton Rouge, Los Angeles, San Jose, and San Diego among others. We have data for 56 markets. (Some data included below & more in-depth data is available with an active subscription.)Jefferson Financial has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Jefferson Financial is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.52% | 12/16/24 |
| 30 Year Conventional Refi | 5.60% | 12/16/24 |
| 30 Year Cash-out Refi | 5.46% | 12/16/24 |
| 15 Year Conventional Purchase | 5.10% | 12/16/24 |
| 15 Year Conventional Refi | 5.45% | 12/16/24 |
| 15 Year Cash-out Refi | 5.45% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Jefferson Financial Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
301Origination Dollar Volume (All Markets)
$44,065,000Awards
JEFFERSON FINANCIAL - 2018
JEFFERSON FINANCIAL is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 140 | $24,920,000 | $178,000 | $2,190 | 4.54% |
| BATON ROUGE, LA (FHA|USDA|VA) | 14 | $2,710,000 | $193,571 | $2,529 | 4.88% |
| Outside of Metro Areas | 22 | $2,230,000 | $101,364 | $1,963 | 6.54% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 16 | $2,180,000 | $136,250 | $0 | 7.04% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 11 | $1,785,000 | $162,273 | $0 | 5.99% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 9 | $1,035,000 | $115,000 | $0 | 6.19% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 11 | $875,000 | $79,545 | $0 | 6.59% |
| HAMMOND, LA (FHA|USDA|VA) | 7 | $665,000 | $95,000 | $2,126 | 4.53% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $3,406 | 5.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $0 | 6.43% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 4 | $420,000 | $105,000 | $2,298 | 4.31% |
| LAFAYETTE, LA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,465 | 4.75% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 6.83% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $1,344 | 6.08% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $0 | 6.50% |
| Picayune, MS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,499 | 4.25% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $1,173 | 6.50% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $0 | 7.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $1,067 | 6.37% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $1,177 | 6.50% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 6.25% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 6.75% |
| SALEM, OR (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 7.50% |
| MONTGOMERY, AL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $1,229 | 5.37% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,451 | 4.25% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 6.75% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 7.25% |
| Lake City, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,105 | 5.99% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.00% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.00% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 6.25% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,418 | 4.25% |
| Bogalusa, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,036 | 5.99% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.75% |
| Cullman, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.50% |
| Seneca, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.75% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.99% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,892 | 4.25% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.25% |
| Albertville, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.25% |
| Meridian, MS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.99% |
| Astoria, OR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.00% |
| TULSA, OK (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,578 | 7.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,470 | 5.99% |
| Waycross, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,804 | 7.25% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 7.00% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.25% |
| Selma, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,668 | 4.50% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.99% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.99% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,345 | 5.75% |
| Duncan, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.00% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against JEFFERSON FINANCIAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 300 | $43,950,000 | $146,500 | $2,220 | 5.40% |
| HELOC | 1 | $115,000 | $115,000 | n/a | 8.00% |
For 2018, Jefferson Financial's most frequently originated type of loan was Conventional, with 300 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2018, Jefferson Financial's most frequently cited loan purpose was Home Purchase, with 185 originations. The 2nd most popular reason was Refi, with 108 originations.
Loan Duration/Length
For 2018, Jefferson Financial's most frequently cited loan duration was 30 Year, with 91 originations. The 2nd most popular length was Other, with 70 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 166 | $26,210,000 | $157,892 |
| $2k-3k | 2 | $120,000 | $60,000 |
| $1k-2k | 1 | $65,000 | $65,000 |
| $3k-4k | 1 | $115,000 | $115,000 |
Jefferson Financial's average total fees were $2,388, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 166 originations.
Interest Rates
During 2018, Jefferson Financial's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 4-5%, with 86 originations.
Loan Sizing
2018 saw Jefferson Financial place emphasis on $100k-200k loans with 131 originations, totaling $18,455,000 in origination value.
Applicant Income
Jefferson Financial lent most frequently to those with incomes in the $50k-75k range, with 87 originations. The second most popular income band? $50k or less, with 58 originations.
Applicant Debt to Income Ratio
Jefferson Financial lent most frequently to those with DTI ratios of 20-30%, with 73 originations. The next most common DTI ratio? 30-36%, with 69 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications74.29%
Jefferson Financial has a below average approval rate.
Pick Rate
Approvals leading to origination17.61%
Jefferson Financial 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 |
|---|---|---|---|
| 0.0 | 4 | $710,000 | $177,500 |
| 1427.2 | 1 | $35,000 | $35,000 |
| 1468.0 | 1 | $35,000 | $35,000 |
| 1499.0 | 1 | $35,000 | $35,000 |
| 1555.0 | 1 | $35,000 | $35,000 |
| 1679.0 | 1 | $45,000 | $45,000 |
| 1772.0 | 1 | $55,000 | $55,000 |
| 1944.96 | 1 | $55,000 | $55,000 |
| 1999.01 | 1 | $45,000 | $45,000 |
| 2053.0 | 1 | $65,000 | $65,000 |
| 2053.26 | 1 | $65,000 | $65,000 |
| 2059.0 | 1 | $65,000 | $65,000 |
| 2080.0 | 1 | $55,000 | $55,000 |
| 2101.76 | 1 | $65,000 | $65,000 |
| 2284.15 | 1 | $75,000 | $75,000 |
| 2407.31 | 1 | $115,000 | $115,000 |
| 2478.0 | 1 | $55,000 | $55,000 |
| 2500.0 | 1 | $75,000 | $75,000 |
| 2509.0 | 1 | $85,000 | $85,000 |
| 2545.0 | 1 | $85,000 | $85,000 |
| 2556.5 | 1 | $85,000 | $85,000 |
| 2591.19 | 1 | $85,000 | $85,000 |
| 2663.0 | 1 | $125,000 | $125,000 |
| 2750.0 | 1 | $55,000 | $55,000 |
| 2779.0 | 1 | $95,000 | $95,000 |
| 2811.87 | 1 | $105,000 | $105,000 |
| 2899.0 | 1 | $65,000 | $65,000 |
| 3018.55 | 1 | $115,000 | $115,000 |
| 3019.0 | 1 | $105,000 | $105,000 |
| 3076.0 | 1 | $115,000 | $115,000 |
| 3155.0 | 3 | $255,000 | $85,000 |
| 3156.84 | 1 | $115,000 | $115,000 |
| 3199.0 | 1 | $125,000 | $125,000 |
| 3234.25 | 1 | $125,000 | $125,000 |
| 3263.5 | 1 | $125,000 | $125,000 |
| 3299.0 | 1 | $135,000 | $135,000 |
| 3509.3 | 1 | $135,000 | $135,000 |
| 3537.82 | 1 | $135,000 | $135,000 |
| 3546.17 | 1 | $135,000 | $135,000 |
| 3563.2 | 1 | $135,000 | $135,000 |
| 3614.56 | 1 | $145,000 | $145,000 |
| 3639.04 | 1 | $145,000 | $145,000 |
| 3729.11 | 1 | $145,000 | $145,000 |
| 3753.68 | 1 | $145,000 | $145,000 |
| 3788.85 | 1 | $145,000 | $145,000 |
| 3799.0 | 1 | $155,000 | $155,000 |
| 4025.87 | 1 | $165,000 | $165,000 |
| 4099.0 | 1 | $165,000 | $165,000 |
| 4399.0 | 1 | $185,000 | $185,000 |
| 4479.0 | 1 | $185,000 | $185,000 |
| 4644.22 | 1 | $195,000 | $195,000 |
| 4647.35 | 1 | $185,000 | $185,000 |
| 4734.13 | 1 | $195,000 | $195,000 |
| 5018.81 | 1 | $215,000 | $215,000 |
| 5270.99 | 1 | $225,000 | $225,000 |
| 5519.0 | 1 | $235,000 | $235,000 |
| 6139.0 | 1 | $215,000 | $215,000 |
| 6773.43 | 1 | $295,000 | $295,000 |
| 799.0 | 46 | $4,850,000 | $105,435 |
| NA | 192 | $31,650,000 | $164,844 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 127 | $13,735,000 | $108,150 |
| Single Family (1-4 Units):Site-Built | 174 | $30,330,000 | $174,310 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Jefferson Title Corporation | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |