Jefferson Financial Mortgage Rates, Fees & Info
Metairie, LALEI: 5493003JBN8UEVOU8O42
Tax ID: 72-0649178
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.52% | 6/23/24 |
| 30 Year Conventional Refi | 5.60% | 6/23/24 |
| 30 Year Cash-out Refi | 5.46% | 6/23/24 |
| 15 Year Conventional Purchase | 5.10% | 6/23/24 |
| 15 Year Conventional Refi | 5.45% | 6/23/24 |
| 15 Year Cash-out Refi | 5.45% | 6/23/24 |
| 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
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Jefferson Financial. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
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.
Work for JEFFERSON FINANCIAL?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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.
Similarity Rank: 182
Similarity Rank: 315
Similarity Rank: 448
Similarity Rank: 576
Similarity Rank: 608
Similarity Rank: 915
Similarity Rank: 936
Similarity Rank: 1610
Similarity Rank: 3132
Similarity Rank: 3540
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% |