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 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 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% 4/28/24
    30 Year Conventional Refi 6.27% 4/28/24
    30 Year Cash-out Refi 6.27% 4/28/24
    15 Year Conventional Purchase 5.68% 4/28/24
    15 Year Conventional Refi 5.68% 4/28/24
    15 Year Cash-out Refi 5.68% 4/28/24
    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

    1,165

    Origination Dollar Volume (All Markets)

    $486,365,000

    Awards

    T. J. FINANCIAL 30 Year Conventional Loans gold T. J. FINANCIAL 30 Year Conventional Loans gold T. J. FINANCIAL 30 Year Conventional Loans gold 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) 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%
    T. J. Financial's top markets include Los Angeles, San Francisco, Riverside, San Jose, and San Diego 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.

    Christian Community Credit Union
    Similarity Rank: 354
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    Similarity Rank: 966
    HERITAGE COMMUNITY CREDIT UNION
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    1ST NORTHERN CALIFORNIA
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    LA Financial Federal Credit Union
    Similarity Rank: 1374
    POPA FEDERAL CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,165 $486,365,000 $417,481 $3,184 2.79%

    For 2021, T. J. Financial's most frequently originated type of loan was Conventional, with 1,165 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 733 $277,095,000 $378,029 $2,690 2.66%
    Cash Out Refi 285 $122,325,000 $429,211 $3,436 2.87%
    Home Purchase 147 $86,945,000 $591,463 $5,485 3.24%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 814 $370,140,000 $454,717 $3,396 2.97%
    15 Year 274 $91,050,000 $332,299 $2,586 2.30%
    20 Year 60 $21,250,000 $354,167 $2,649 2.67%
    10 Year 17 $3,925,000 $230,882 $1,825 2.31%

    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
    $<1k 480 $187,970,000 $391,604
    $1k-2k 40 $14,720,000 $368,000
    $5k+ 29 $17,715,000 $610,862
    $2k-3k 18 $6,490,000 $360,556
    $3k-4k 13 $3,815,000 $293,462
    $4k-5k 12 $5,430,000 $452,500

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 614 $259,020,000 $421,857
    <2.5% 338 $125,190,000 $370,385
    3-4% 168 $72,860,000 $433,690
    4-5% 43 $26,595,000 $618,488
    5-6% 2 $2,700,000 $1,350,000

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 527 $161,715,000 $306,860 $2,632 2.73%
    $400k-600k 408 $197,890,000 $485,025 $3,492 2.78%
    $600k-1MM 110 $79,960,000 $726,909 $5,203 3.03%
    $100k-200k 98 $15,970,000 $162,959 $2,440 2.67%
    $1MM+ 22 $30,830,000 $1,401,364 $9,190 3.61%

    2021 saw T. J. Financial place emphasis on $200k-400k loans with 527 originations, totaling $161,715,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 343 $137,035,000 $399,519 $2,880 2.72%
    $150k-250k 305 $134,495,000 $440,967 $3,115 2.71%
    $75k-100k 167 $62,965,000 $377,036 $3,128 2.75%
    $50k-75k 133 $42,755,000 $321,466 $2,736 2.81%
    $250k+ 132 $77,340,000 $585,909 $4,151 2.78%
    $50k or less 85 $31,775,000 $373,824 $3,509 3.40%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 116 $43,670,000 $376,466 $3,203 2.74%
    30-36% 81 $31,995,000 $395,000 $2,904 2.73%
    <20% 51 $18,825,000 $369,118 $2,765 2.74%
    48% 35 $13,965,000 $399,000 $3,384 2.71%
    42% 31 $10,935,000 $352,742 $3,743 2.92%
    49% 27 $9,715,000 $359,815 $2,524 2.72%
    41% 26 $9,950,000 $382,692 $3,752 2.88%
    38% 23 $8,445,000 $367,174 $3,097 2.94%
    45% 22 $8,080,000 $367,273 $2,711 2.90%
    43% 20 $7,450,000 $372,500 $3,625 2.66%
    44% 20 $7,510,000 $375,500 $2,512 2.80%
    39% 19 $7,575,000 $398,684 $3,253 2.82%
    47% 18 $6,410,000 $356,111 $2,700 2.97%
    46% 17 $6,375,000 $375,000 $2,975 2.71%
    37% 16 $6,120,000 $382,500 $2,799 2.74%
    >60% 13 $7,245,000 $557,308 $4,019 4.37%
    40% 12 $4,820,000 $401,667 $2,849 2.84%
    36% 9 $3,105,000 $345,000 $2,640 2.83%
    50-60% 5 $4,725,000 $945,000 $7,392 4.43%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 926 $389,300,000 $420,410 $3,282 2.79%
    White 118 $45,530,000 $385,847 $2,732 2.74%
    Not provided 102 $43,710,000 $428,529 $2,687 2.83%
    Chinese 11 $4,905,000 $445,909 $3,390 2.57%
    Black 3 $905,000 $301,667 $0 2.79%
    Other Asian 2 $800,000 $400,000 $0 2.63%
    Native Hawaiian or Islander 1 $625,000 $625,000 $0 2.38%
    Vietnamese 1 $435,000 $435,000 $0 2.13%
    Asian Indian 1 $155,000 $155,000 $2,397 2.88%

    Approval Rates

    Total approvals of all applications
    99.19%

    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
    73.48%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,165 $486,365,000 $417,481

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,165 $486,365,000 $417,481

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 160 $50,440,000 $315,250 $2,640 2.70%
    40-60% 263 $109,415,000 $416,027 $3,024 2.86%
    60-80% 138 $67,630,000 $490,072 $4,217 3.27%
    80-100% 5 $2,145,000 $429,000 $3,731 2.88%
    Under 20% 26 $6,510,000 $250,385 $2,557 2.84%

    Complaints

    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%