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 Refi and Home Purchase loans. T. J. Financial has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, San Diego, San Jose, and Riverside among others. We have data for 16 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 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% 4/14/24
    30 Year Conventional Refi 6.27% 4/14/24
    30 Year Cash-out Refi 6.27% 4/14/24
    15 Year Conventional Purchase 5.68% 4/14/24
    15 Year Conventional Refi 5.68% 4/14/24
    15 Year Cash-out Refi 5.68% 4/14/24
    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

    912

    Origination Dollar Volume (All Markets)

    $401,240,000
    Show all (11) 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) 594 $257,170,000 $432,946 $3,881 3.89%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 85 $49,715,000 $584,882 $3,665 3.91%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 62 $27,330,000 $440,806 $3,723 3.81%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 47 $25,855,000 $550,106 $3,463 3.86%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 75 $24,465,000 $326,200 $3,528 4.11%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 21 $8,475,000 $403,571 $3,466 3.76%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 13 $4,295,000 $330,385 $2,918 3.78%
    BAKERSFIELD, CA (FHA|USDA|VA) 5 $725,000 $145,000 $5,783 5.65%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $705,000 $705,000 $4,723 3.88%
    VALLEJO, CA (FHA|USDA|VA) 2 $700,000 $350,000 $3,411 4.25%
    FRESNO, CA (FHA|USDA|VA) 1 $385,000 $385,000 $2,958 4.00%
    NAPA, CA (FHA|USDA|VA) 1 $385,000 $385,000 $3,677 3.63%
    MERCED, CA (FHA|USDA|VA) 2 $380,000 $190,000 $5,313 4.06%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $265,000 $265,000 $3,267 4.63%
    STOCKTON, CA (FHA|USDA|VA) 1 $205,000 $205,000 $6,356 3.63%
    EL CENTRO, CA (FHA|USDA|VA) 1 $185,000 $185,000 $2,554 4.38%
    T. J. Financial's top markets include Los Angeles, San Francisco, San Diego, San Jose, and Riverside 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.

    MYPOINT Credit Union
    Similarity Rank: 147
    Christian Community Credit Union
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    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 290
    HERITAGE COMMUNITY CREDIT UNION
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    SAFEAMERICA CREDIT UNION
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    SOUTHLAND CREDIT UNION
    Similarity Rank: 464
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 546
    CBC Federal Credit Union
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    EXCITE Credit Union
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    CommonWealth Central Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 912 $401,240,000 $439,956 $3,789 3.91%

    For 2019, T. J. Financial's most frequently originated type of loan was Conventional, with 912 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 464 $204,480,000 $440,690 $2,869 3.76%
    Home Purchase 261 $118,595,000 $454,387 $5,710 4.06%
    Cash Out Refi 187 $78,165,000 $417,995 $3,392 4.07%

    For 2019, T. J. Financial's most frequently cited loan purpose was Refi, with 464 originations. The 2nd most popular reason was Home Purchase, with 261 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 777 $355,375,000 $457,368 $3,889 3.98%
    15 Year 91 $31,105,000 $341,813 $3,424 3.38%
    20 Year 41 $14,165,000 $345,488 $2,802 3.74%
    10 Year 3 $595,000 $198,333 $2,565 3.54%

    For 2019, T. J. Financial's most frequently cited loan duration was 30 Year, with 777 originations. The 2nd most popular length was 15 Year, with 91 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 641 $279,775,000 $436,466
    $1k-2k 111 $46,205,000 $416,261
    $2k-3k 56 $24,680,000 $440,714
    $5k+ 45 $25,095,000 $557,667
    $4k-5k 30 $14,220,000 $474,000
    $3k-4k 29 $11,265,000 $388,448

    T. J. Financial's average total fees were $3,889, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 641 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 664 $292,620,000 $440,693
    4-5% 210 $95,340,000 $454,000
    5-6% 17 $5,625,000 $330,882
    2.5-3% 11 $3,555,000 $323,182
    6-7% 10 $4,100,000 $410,000

    During 2019, T. J. Financial's average interest rate for loans was 3.98%, while their most frequently originated rate bucket for loans was 3-4%, with 664 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 381 $121,345,000 $318,491 $3,332 3.91%
    $400k-600k 338 $159,740,000 $472,604 $3,899 3.84%
    $600k-1MM 129 $93,005,000 $720,969 $4,611 4.00%
    $100k-200k 45 $7,535,000 $167,444 $3,090 4.06%
    $1MM+ 15 $19,355,000 $1,290,333 $7,896 4.04%
    $100,000 or less 4 $260,000 $65,000 $3,961 4.88%

    2019 saw T. J. Financial place emphasis on $200k-400k loans with 381 originations, totaling $121,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 297 $127,295,000 $428,603 $3,732 3.90%
    $150k-250k 201 $99,545,000 $495,249 $3,950 3.92%
    $75k-100k 155 $59,075,000 $381,129 $3,629 3.87%
    $50k-75k 136 $45,390,000 $333,750 $3,436 3.85%
    $250k+ 89 $62,445,000 $701,629 $4,728 3.92%
    $50k or less 34 $7,490,000 $220,294 $3,023 4.30%

    T. J. Financial lent most frequently to those with incomes in the $100k-150k range, with 297 originations. The second most popular income band? $150k-250k, with 201 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 150 $75,170,000 $501,133 $4,084 3.78%
    20-30% 143 $60,805,000 $425,210 $3,475 3.79%
    49% 62 $23,760,000 $383,226 $3,816 3.93%
    43% 49 $20,105,000 $410,306 $3,689 3.87%
    48% 48 $19,230,000 $400,625 $3,710 3.91%
    45% 47 $17,695,000 $376,489 $3,116 3.95%
    44% 45 $18,605,000 $413,444 $4,429 3.99%
    37% 45 $23,615,000 $524,778 $3,575 3.93%
    46% 44 $18,750,000 $426,136 $3,620 4.05%
    42% 39 $16,065,000 $411,923 $3,459 3.88%
    39% 37 $19,245,000 $520,135 $4,335 3.97%
    <20% 36 $14,840,000 $412,222 $3,586 3.78%
    40% 35 $14,555,000 $415,857 $3,807 3.90%
    47% 34 $14,300,000 $420,588 $3,823 3.72%
    36% 30 $15,040,000 $501,333 $3,812 4.00%
    38% 28 $13,340,000 $476,429 $3,562 4.01%
    41% 26 $11,810,000 $454,231 $4,181 3.97%
    >60% 6 $1,940,000 $323,333 $4,076 5.98%
    50-60% 4 $1,260,000 $315,000 $10,891 5.97%

    T. J. Financial lent most frequently to those with DTI ratios of 30-36%, with 150 originations. The next most common DTI ratio? 20-30%, with 143 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 778 $340,930,000 $438,213 $3,785 3.90%
    White 85 $37,665,000 $443,118 $3,673 4.00%
    Not provided 42 $19,730,000 $469,762 $4,226 3.95%
    Native Hawaiian or Islander 2 $1,210,000 $605,000 $4,592 3.75%
    Black 2 $720,000 $360,000 $2,286 3.75%
    American Indian 2 $560,000 $280,000 $2,676 3.75%
    Other Asian 1 $425,000 $425,000 $2,242 4.00%

    Approval Rates

    Total approvals of all applications
    96.22%

    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
    72.04%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 912 $401,240,000 $439,956

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 912 $401,240,000 $439,956

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 127 $40,295,000 $317,283 $3,131 3.84%
    40-60% 267 $119,545,000 $447,734 $3,563 3.79%
    60-80% 478 $223,820,000 $468,243 $4,021 3.99%
    80-100% 28 $15,070,000 $538,214 $5,335 4.02%
    Under 20% 12 $2,510,000 $209,167 $2,929 3.86%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    TCF NATIONAL BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 17.6%
    TCF NATIONAL BANK Conventional home mortgage Struggling to pay mortgage 6 35.3%
    TCF NATIONAL BANK Conventional home mortgage Trouble during payment process 2 11.8%
    TCF NATIONAL BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 5.9%
    TCF NATIONAL BANK Home equity loan or line of credit (HELOC) Closing on a mortgage 1 5.9%
    TCF NATIONAL BANK Home equity loan or line of credit (HELOC) Trouble during payment process 3 17.6%
    TCF NATIONAL BANK Other type of mortgage Trouble during payment process 1 5.9%