T. J. Financial Mortgage Rates, Fees & Info

MONROVIA, CA

LEI: 5493005NIBYLNJC10826

Tax ID: 95-4248183

5 stars - Updated: 12/6/24 - out of 5 stars, based on 12 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

T. J. Financial is a smaller mortgage company specializing in Home Purchase loans. T. J. Financial has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, San Francisco, and Oxnard among others. We have data for 10 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 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 relatively high 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 6.27% 12/6/24
30 Year Conventional Refi 6.27% 12/6/24
30 Year Cash-out Refi 6.27% 12/6/24
15 Year Conventional Purchase 5.68% 12/6/24
15 Year Conventional Refi 5.68% 12/6/24
15 Year Cash-out Refi 5.68% 12/6/24
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.

T. J. Financial Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from T. J. 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

156

Origination Dollar Volume (All Markets)

$88,410,000

Relative Rate

T. J. Financial's average 30 year fixed mortgage rate was 6.72%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.24%.

Relative Fees (Closing Costs)

T. J. Financial's average total fees/closing costs for a 30 year fixed rate mortgage were $3,416.

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 $9,089.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 102 $57,870,000 $567,353 $2,802 6.68%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 24 $12,530,000 $522,083 $4,398 6.79%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 13 $7,605,000 $585,000 $0 6.88%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 5 $3,895,000 $779,000 $0 6.65%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 5 $3,345,000 $669,000 $0 6.68%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $1,430,000 $715,000 $0 6.63%
Outside of Metro Areas 1 $515,000 $515,000 $0 6.13%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $505,000 $505,000 $0 6.75%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $460,000 $230,000 $0 6.44%
MERCED, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 7.13%
T. J. Financial's top markets include Los Angeles, Riverside, San Diego, San Francisco, and Oxnard among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Similar Lenders

    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.

    Los Angeles Federal Credit Union
    Similarity Rank: 72
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    VENTURA COUNTY
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    Similarity Rank: 126
    LBS FINANCIAL
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    SAN DIEGO COUNTY CREDIT UNION
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    SOUTHLAND CREDIT UNION
    Similarity Rank: 342
    FIRST ENTERTAINMENT
    Similarity Rank: 351
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 477

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 156 $88,410,000 $566,731 $3,416 6.71%

    For 2023, T. J. Financial's most frequently originated type of loan was Conventional, with 156 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 131 $77,265,000 $589,809 $5,876 6.63%
    Cash Out Refi 21 $8,945,000 $425,952 $1,826 7.28%
    Refi 4 $2,200,000 $550,000 $2,243 6.47%

    For 2023, T. J. Financial's most frequently cited loan purpose was Home Purchase, with 131 originations. The 2nd most popular reason was Cash Out Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 152 $86,780,000 $570,921 $3,416 6.72%
    15 Year 4 $1,630,000 $407,500 $0 6.44%

    For 2023, T. J. Financial's most frequently cited loan duration was 30 Year, with 152 originations. The 2nd most popular length was 15 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 13 $6,955,000 $535,000

    T. J. Financial's average total fees were $3,416, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 13 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 87 $49,905,000 $573,621
    7-8% 36 $20,110,000 $558,611
    5-6% 26 $15,130,000 $581,923
    Over 8% 7 $3,265,000 $466,429

    During 2023, T. J. Financial's average interest rate for loans was 6.72%, while their most frequently originated rate bucket for loans was 6-7%, with 87 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 61 $43,685,000 $716,148 $6,117 6.67%
    $400k-600k 57 $28,175,000 $494,298 $3,286 6.75%
    $200k-400k 31 $9,575,000 $308,871 $2,113 6.77%
    $1MM+ 6 $6,870,000 $1,145,000 $0 6.42%
    $100k-200k 1 $105,000 $105,000 $0 6.75%

    2023 saw T. J. Financial place emphasis on $600k-1MM loans with 61 originations, totaling $43,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 56 $33,600,000 $600,000 $4,012 6.66%
    $100k-150k 40 $19,500,000 $487,500 $6,762 6.62%
    $250k+ 34 $24,790,000 $729,118 $0 6.61%
    $75k-100k 11 $4,355,000 $395,909 $0 6.51%
    $50k or less 7 $2,995,000 $427,857 $2,712 8.18%
    $50k-75k 5 $1,025,000 $205,000 $0 6.43%

    T. J. Financial lent most frequently to those with incomes in the $150k-250k range, with 56 originations. The second most popular income band? $100k-150k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    >60% 3 $2,145,000 $715,000 $3,546 7.67%
    37% 1 $535,000 $535,000 $2,243 7.88%
    41% 1 $615,000 $615,000 $5,782 7.88%
    50-60% 1 $665,000 $665,000 $6,762 8.25%

    T. J. Financial lent most frequently to those with DTI ratios of >60%, with 3 originations. The next most common DTI ratio? 37%, with 1 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 133 $74,335,000 $558,910 $3,416 6.73%
    Not provided 15 $9,655,000 $643,667 $0 6.67%
    White 7 $3,895,000 $556,429 $0 6.45%
    Chinese 1 $525,000 $525,000 $0 5.88%

    Approval Rates

    Total approvals of all applications
    100.00%

    T. J. Financial 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
    70.51%

    T. J. Financial has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 156 $88,410,000 $566,731

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    156 $88,410,000 $566,731

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 5 $2,425,000 $485,000 $2,507 7.98%
    60-80% 8 $4,530,000 $566,250 $3,984 8.05%