Jsc Mortgage Rates, Fees & Info

Houston, TX

LEI: 5493004RSPU71QRHYI22

Tax ID: 74-1457691

5 stars - out of 5 stars, based on 27 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Jsc is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Jsc has a high proportion of conventional loans. Their top markets include Houston, Dallas, College Station, Austin, and Athens among others. Jsc has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Jsc is typically an average fee lendor.


Originations

728

Origination Dollar Volume (All Markets)

$132,730,000

Awards

JSC 30 Year Conventional Loans gold
Show all (1) awards

Relative Rate

Jsc's average 30 year fixed rate mortgage of loans were 3.38%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.23%.

Relative Fees

Jsc's average total fees for a 30 year fixed rate mortgage are $3,380.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 707 $128,855,000 $182,256 $2,283 3.55%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $870,000 $435,000 $4,021 3.19%
Outside of Metro Areas 7 $805,000 $115,000 $2,871 4.80%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 5 $725,000 $145,000 $1,621 3.34%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $510,000 $255,000 $4,670 3.56%
Athens, TX (FHA|USDA|VA) 1 $315,000 $315,000 $3,477 3.13%
Kerrville, TX (FHA|USDA|VA) 1 $215,000 $215,000 $1,775 2.88%
Rockport, TX (FHA|USDA|VA) 1 $205,000 $205,000 $2,287 3.25%
Nacogdoches, TX (FHA|USDA|VA) 1 $125,000 $125,000 $2,224 3.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $105,000 $105,000 $1,710 2.63%

Jsc's top markets include Houston, Dallas, College Station, Austin, and Athens among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 728 $132,730,000 $182,321 $2,295 3.55%

For the 2021 period, Jsc's most frequently originated loan type of loans were Conventional, with 728 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 215 $55,705,000 $259,093 $3,688 3.50%
Refi 174 $32,610,000 $187,414 $2,080 2.96%
Cash Out Refi 158 $33,030,000 $209,051 $3,051 3.10%
Home Improvement 110 $5,780,000 $52,545 $178 4.68%
Other 71 $5,605,000 $78,944 $205 4.40%

For the 2021, Jsc's most frequently cited loan purpose of loans were Home Purchase, with 215 originations. The 2nd most popular reason of loans were Refi, with 174 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 328 $81,800,000 $249,390 $3,380 3.38%
15 Year 201 $28,195,000 $140,274 $1,771 3.53%
10 Year 84 $5,760,000 $68,571 $647 4.16%
20 Year 71 $14,865,000 $209,366 $2,019 3.16%
5 Year 44 $2,110,000 $47,955 $198 4.36%

For the 2021, Jsc's most frequently cited loan length of loans were 30 Year, with 328 originations. The 2nd most popular length of loans were 15 Year, with 201 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 646 $112,980,000 $174,892
$1k-2k 80 $18,940,000 $236,750
$2k-3k 1 $205,000 $205,000
$5k+ 1 $605,000 $605,000

$3,380 of loans were Jsc's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 646 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 280 $55,710,000 $198,964
2.5-3% 248 $52,280,000 $210,806
4-5% 114 $16,050,000 $140,789
5-6% 54 $3,100,000 $57,407
<2.5% 29 $5,435,000 $187,414
7-8% 3 $155,000 $51,667

During 2021, Jsc's average interest rate of loans were 3.38%, while their most frequently originated rate bucket of loans were 3-4%, with 280 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 266 $39,260,000 $147,594 $2,157 3.24%
$200k-400k 227 $62,025,000 $273,238 $3,449 3.24%
$100,000 or less 197 $10,525,000 $53,426 $614 4.38%
$400k-600k 29 $13,295,000 $458,448 $4,800 3.34%
$600k-1MM 8 $5,680,000 $710,000 $5,494 3.09%
$1MM+ 1 $1,945,000 $1,945,000 $10,195 3.38%

2021 saw Jsc place emphasis on $100k-200k loans with 266 originations, totaling $39,260,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 202 $37,370,000 $185,000 $2,325 3.57%
$150k-250k 173 $36,215,000 $209,335 $2,390 3.56%
$75k-100k 137 $21,525,000 $157,117 $2,124 3.60%
$50k-75k 118 $17,480,000 $148,136 $2,250 3.41%
$250k+ 50 $15,320,000 $306,400 $2,744 3.65%
$50k or less 47 $4,785,000 $101,809 $2,003 3.53%

Jsc lent most frequently to those with incomes in the $100k-150k range, with 202 originations. The second most popular income band? $150k-250k, with 173 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 188 $32,920,000 $175,106 $2,051 3.47%
30-36% 158 $31,080,000 $196,709 $2,529 3.56%
<20% 87 $13,215,000 $151,897 $2,061 3.32%
39% 30 $5,230,000 $174,333 $2,181 3.74%
42% 29 $4,565,000 $157,414 $2,233 3.47%
41% 28 $4,670,000 $166,786 $1,959 3.73%
40% 26 $4,760,000 $183,077 $2,821 3.81%
36% 26 $4,570,000 $175,769 $1,985 3.82%
37% 24 $4,270,000 $177,917 $1,846 3.86%
38% 23 $4,695,000 $204,130 $2,385 3.73%
43% 21 $3,975,000 $189,286 $1,947 3.78%
44% 18 $3,450,000 $191,667 $2,927 3.49%
45% 15 $3,675,000 $245,000 $3,196 3.77%
46% 14 $3,080,000 $220,000 $2,727 3.60%
48% 13 $3,195,000 $245,769 $2,832 3.16%
50-60% 10 $1,900,000 $190,000 $3,021 3.55%
49% 9 $2,105,000 $233,889 $3,521 3.32%
47% 7 $1,265,000 $180,714 $2,266 3.22%
>60% 1 $75,000 $75,000 $2,938 4.38%

Jsc lent most frequently to those with DTI ratios of 20-30%, with 188 originations. The next most common DTI ratio? 30-36%, with 158 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 519 $92,725,000 $178,661 $2,261 3.57%
Not provided 124 $22,310,000 $179,919 $2,222 3.56%
Black 39 $7,285,000 $186,795 $2,764 3.49%
Asian 28 $6,380,000 $227,857 $2,469 3.28%
American Indian 8 $1,900,000 $237,500 $2,521 3.77%
Asian Indian 5 $1,265,000 $253,000 $3,024 2.68%
Korean 1 $325,000 $325,000 $4,009 2.88%
Other Pacific Islander 1 $265,000 $265,000 $3,934 4.50%
Other Asian 1 $165,000 $165,000 $1,447 3.00%
Filipino 1 $75,000 $75,000 $194 4.00%
Not applicable 1 $35,000 $35,000 $187 5.00%

Approval Rates

Total approvals of all applications
85.14%

Jsc has an average approval rate.

Pick Rate

Approvals leading to origination
36.01%

Jsc 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 728 $132,730,000 $182,321

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
728 $132,730,000 $182,321

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 86 $9,370,000 $108,953 $1,122 3.74%
40-60% 116 $20,350,000 $175,431 $2,249 3.00%
60-80% 206 $44,070,000 $213,932 $2,616 3.21%
80-100% 207 $54,465,000 $263,116 $3,644 3.47%
Under 20% 113 $4,475,000 $39,602 $181 4.74%