T. J. Financial Mortgage Rates, Fees & InfoMONROVIA, CA
Tax ID: 95-4248183
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewT. J. Financial is a smaller mortgage company specializing in Refi and Cash Out Refi loans. T. J. Financial has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, Riverside, San Jose, and San Diego among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)
T. J. Financial 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. T. J. Financial is typically an average 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.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.27%||3/19/23|
|30 Year Conventional Refi||6.27%||3/19/23|
|30 Year Cash-out Refi||6.27%||3/19/23|
|15 Year Conventional Purchase||5.68%||3/19/23|
|15 Year Conventional Refi||5.68%||3/19/23|
|15 Year Cash-out Refi||5.68%||3/19/23|
|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.|
Origination Dollar Volume (All Markets)$486,365,000
T. J. Financial's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.18%.
Relative Fees (Closing Costs)
T. J. Financial's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,396.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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)||759||$315,485,000||$415,659||$3,184||2.80%|
|San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA)||109||$52,705,000||$483,532||$3,413||2.75%|
|RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)||106||$36,680,000||$346,038||$2,865||2.94%|
|SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA)||64||$30,460,000||$475,938||$3,781||2.68%|
|SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA)||77||$29,455,000||$382,532||$2,630||2.71%|
|OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA)||26||$11,480,000||$441,538||$3,556||2.53%|
|SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA)||12||$5,160,000||$430,000||$3,077||2.57%|
|STOCKTON, CA (FHA|USDA|VA)||3||$1,395,000||$465,000||$2,141||3.00%|
|SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA)||3||$1,375,000||$458,333||$0||2.63%|
|SANTA ROSA-PETALUMA, CA (FHA|USDA|VA)||2||$850,000||$425,000||$2,665||2.56%|
|SALINAS, CA (FHA|USDA|VA)||1||$505,000||$505,000||$2,224||2.50%|
|BAKERSFIELD, CA (FHA|USDA|VA)||1||$435,000||$435,000||$0||2.13%|
|FRESNO, CA (FHA|USDA|VA)||1||$245,000||$245,000||$2,394||3.00%|
|MODESTO, CA (FHA|USDA|VA)||1||$135,000||$135,000||$0||3.38%|
Their top states include:
We use machine learning to identify the top lenders compared against T. J. FINANCIAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, T. J. Financial's most frequently originated type of loan was Conventional, with 1,165 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||285||$122,325,000||$429,211||$3,436||2.87%|
For 2021, T. J. Financial's most frequently cited loan purpose was Refi, with 733 originations. The 2nd most popular reason was Cash Out Refi, with 285 originations.
For 2021, T. J. Financial's most frequently cited loan duration was 30 Year, with 814 originations. The 2nd most popular length was 15 Year, with 274 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
T. J. Financial's average total fees were $3,396, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 480 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2021, T. J. Financial's average interest rate for loans was 2.97%, while their most frequently originated rate bucket for loans was 2.5-3%, with 614 originations.
2021 saw T. J. Financial place emphasis on $200k-400k loans with 527 originations, totaling $161,715,000 in origination value.
T. J. Financial lent most frequently to those with incomes in the $100k-150k range, with 343 originations. The second most popular income band? $150k-250k, with 305 originations.
Applicant Debt to Income Ratio
T. J. Financial lent most frequently to those with DTI ratios of 20-30%, with 116 originations. The next most common DTI ratio? 30-36%, with 81 originations.
Approval RatesTotal approvals of all applications
T. J. Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
T. J. Financial has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2021 CPFB Complaints||% of Total Issues|
|TCF NATIONAL BANK||Conventional home mortgage||Applying for a mortgage or refinancing an existing mortgage||5||11.9%|
|TCF NATIONAL BANK||Conventional home mortgage||Closing on a mortgage||3||7.1%|
|TCF NATIONAL BANK||Conventional home mortgage||Trouble during payment process||16||38.1%|
|TCF NATIONAL BANK||FHA mortgage||Trouble during payment process||1||2.4%|
|TCF NATIONAL BANK||Home equity loan or line of credit (HELOC)||Applying for a mortgage or refinancing an existing mortgage||2||4.8%|
|TCF NATIONAL BANK||Home equity loan or line of credit (HELOC)||Closing on a mortgage||2||4.8%|
|TCF NATIONAL BANK||Home equity loan or line of credit (HELOC)||Struggling to pay mortgage||1||2.4%|
|TCF NATIONAL BANK||Home equity loan or line of credit (HELOC)||Trouble during payment process||9||21.4%|
|TCF NATIONAL BANK||Other type of mortgage||Trouble during payment process||3||7.1%|