T. J. Financial Mortgage Rates, Fees & Info

MONROVIA, CA

LEI: 5493005NIBYLNJC10826

Tax ID: 95-4248183

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    T. J. Financial is a smaller mortgage company specializing in Home Purchase 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 Diego, and San Jose 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 average approval rate when compared to the average across all lenders. They have an above 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.

    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% 4/18/24
    30 Year Conventional Refi 6.27% 4/18/24
    30 Year Cash-out Refi 6.27% 4/18/24
    15 Year Conventional Purchase 5.68% 4/18/24
    15 Year Conventional Refi 5.68% 4/18/24
    15 Year Cash-out Refi 5.68% 4/18/24
    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

    535

    Origination Dollar Volume (All Markets)

    $213,395,000

    Awards

    T. J. FINANCIAL 30 Year Conventional Loans bronze T. J. FINANCIAL 30 Year Conventional Loans bronze T. J. FINANCIAL 30 Year Conventional Loans bronze T. J. FINANCIAL 30 Year Conventional Loans bronze
    Show all (4) awards

    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) 335 $133,665,000 $399,000 $4,526 4.57%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 46 $23,760,000 $516,522 $5,360 4.51%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 66 $20,230,000 $306,515 $4,215 4.58%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 39 $14,715,000 $377,308 $4,721 4.34%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 20 $12,320,000 $616,000 $6,423 4.59%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 6 $2,560,000 $426,667 $6,026 4.31%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 8 $2,500,000 $312,500 $3,297 4.45%
    VALLEJO, CA (FHA|USDA|VA) 4 $1,080,000 $270,000 $4,143 5.00%
    STOCKTON, CA (FHA|USDA|VA) 2 $790,000 $395,000 $4,376 4.94%
    BAKERSFIELD, CA (FHA|USDA|VA) 4 $670,000 $167,500 $5,802 5.03%
    FRESNO, CA (FHA|USDA|VA) 2 $350,000 $175,000 $2,135 5.63%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $305,000 $305,000 $2,700 3.38%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $295,000 $295,000 $2,520 4.63%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $155,000 $155,000 $2,504 5.00%
    T. J. Financial's top markets include Los Angeles, San Francisco, Riverside, San Diego, and San Jose 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.

    SANTA CLARA COUNTY
    Similarity Rank: 20
    MYPOINT Credit Union
    Similarity Rank: 55
    Montecito Bank & Trust
    Similarity Rank: 126
    FRONTWAVE
    Similarity Rank: 176
    CBC Federal Credit Union
    Similarity Rank: 189
    LBS FINANCIAL
    Similarity Rank: 210
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 216
    Cabrillo Credit Union
    Similarity Rank: 248
    LA Financial Federal Credit Union
    Similarity Rank: 321
    Water and Power Community Credit Union
    Similarity Rank: 500

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 535 $213,395,000 $398,869 $4,629 4.56%

    For 2018, T. J. Financial's most frequently originated type of loan was Conventional, with 535 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 320 $136,850,000 $427,656 $5,434 4.59%
    Cash Out Refi 134 $48,740,000 $363,731 $3,774 4.61%
    Refi 81 $27,805,000 $343,272 $2,863 4.32%

    For 2018, T. J. Financial's most frequently cited loan purpose was Home Purchase, with 320 originations. The 2nd most popular reason was Cash Out Refi, with 134 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 471 $194,385,000 $412,707 $4,769 4.63%
    15 Year 52 $15,660,000 $301,154 $3,641 3.99%
    20 Year 10 $2,940,000 $294,000 $3,250 4.26%
    10 Year 2 $410,000 $205,000 $4,257 4.44%

    For 2018, T. J. Financial's most frequently cited loan duration was 30 Year, with 471 originations. The 2nd most popular length was 15 Year, with 52 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 335 $127,775,000 $381,418
    $1k-2k 75 $27,055,000 $360,733
    $5k+ 44 $24,190,000 $549,773
    $2k-3k 33 $15,555,000 $471,364
    $3k-4k 26 $9,410,000 $361,923
    $4k-5k 22 $9,410,000 $427,727

    T. J. Financial's average total fees were $4,769, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 335 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 374 $148,530,000 $397,139
    3-4% 91 $30,785,000 $338,297
    5-6% 67 $32,535,000 $485,597
    6-7% 3 $1,545,000 $515,000

    During 2018, T. J. Financial's average interest rate for loans was 4.63%, while their most frequently originated rate bucket for loans was 4-5%, with 374 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 262 $81,070,000 $309,427 $3,958 4.46%
    $400k-600k 171 $77,995,000 $456,111 $4,878 4.56%
    $600k-1MM 47 $32,955,000 $701,170 $6,902 4.74%
    $100k-200k 40 $6,500,000 $162,500 $3,428 4.73%
    $1MM+ 11 $14,555,000 $1,323,182 $12,392 5.20%
    $100,000 or less 4 $320,000 $80,000 $1,877 4.84%

    2018 saw T. J. Financial place emphasis on $200k-400k loans with 262 originations, totaling $81,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 155 $63,905,000 $412,290 $4,695 4.46%
    $75k-100k 104 $37,360,000 $359,231 $4,289 4.48%
    $150k-250k 93 $43,415,000 $466,828 $5,169 4.62%
    $50k-75k 92 $28,510,000 $309,891 $4,072 4.51%
    $50k or less 52 $15,950,000 $306,731 $3,503 4.83%
    $250k+ 39 $24,255,000 $621,923 $6,802 4.74%

    T. J. Financial lent most frequently to those with incomes in the $100k-150k range, with 155 originations. The second most popular income band? $75k-100k, with 104 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 81 $33,925,000 $418,827 $4,728 4.48%
    49% 62 $22,210,000 $358,226 $4,645 4.38%
    20-30% 56 $19,820,000 $353,929 $4,054 4.44%
    48% 45 $16,365,000 $363,667 $4,598 4.43%
    47% 34 $13,250,000 $389,706 $4,930 4.56%
    46% 33 $13,305,000 $403,182 $4,252 4.59%
    45% 28 $12,690,000 $453,214 $6,311 4.56%
    42% 23 $9,545,000 $415,000 $3,901 4.35%
    40% 22 $9,460,000 $430,000 $4,867 4.54%
    >60% 21 $8,085,000 $385,000 $3,576 5.62%
    44% 21 $7,585,000 $361,190 $4,244 4.51%
    43% 18 $7,180,000 $398,889 $4,807 4.46%
    41% 16 $7,260,000 $453,750 $5,202 4.38%
    <20% 14 $4,530,000 $323,571 $3,947 4.31%
    39% 14 $5,330,000 $380,714 $3,877 4.54%
    50-60% 12 $6,550,000 $545,833 $7,819 5.71%
    36% 11 $4,495,000 $408,636 $4,979 4.53%
    37% 9 $3,975,000 $441,667 $4,521 4.53%
    38% 8 $3,780,000 $472,500 $5,642 4.67%

    T. J. Financial lent most frequently to those with DTI ratios of 30-36%, with 81 originations. The next most common DTI ratio? 49%, with 62 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 479 $192,275,000 $401,409 $4,612 4.55%
    White 44 $16,570,000 $376,591 $4,752 4.62%
    Not provided 7 $2,895,000 $413,571 $5,186 4.79%
    Native Hawaiian or Islander 3 $745,000 $248,333 $2,338 4.67%
    Black 1 $625,000 $625,000 $10,779 4.63%
    Chinese 1 $285,000 $285,000 $4,224 4.25%

    Approval Rates

    Total approvals of all applications
    71.66%

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

    Pick Rate

    Approvals leading to origination
    99.81%

    T. J. Financial has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 535 $213,395,000 $398,869

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 535 $213,395,000 $398,869

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 71 $20,365,000 $286,831 $3,428 4.43%
    40-60% 165 $63,665,000 $385,848 $4,145 4.47%
    60-80% 263 $115,895,000 $440,665 $5,323 4.64%
    80-100% 24 $11,040,000 $460,000 $5,005 4.65%
    Under 20% 12 $2,430,000 $202,500 $2,435 4.48%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    TCF NATIONAL BANK Conventional home mortgage Struggling to pay mortgage 1 10.0%
    TCF NATIONAL BANK Conventional home mortgage Trouble during payment process 2 20.0%
    TCF NATIONAL BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 10.0%
    TCF NATIONAL BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 10.0%
    TCF NATIONAL BANK Other type of mortgage Struggling to pay mortgage 1 10.0%
    TCF NATIONAL BANK Other type of mortgage Trouble during payment process 4 40.0%