St James Mortgage Corporation Rates, Fees & Info

Bloomfield Hills, MI

LEI: 5493006Y55XBWPK4OX71

Tax ID: 38-2849685

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
  • 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

    St James Mortgage Corporation is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. St James Mortgage Corporation has a high proportion of conventional loans. Their top markets by origination volume include: Detroit, Ann Arbor, and Kalamazoo among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    St James Mortgage Corporation 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. St James Mortgage Corporation 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.03% 12/16/24
    30 Year Conventional Refi 5.78% 12/16/24
    30 Year Cash-out Refi 6.16% 12/16/24
    15 Year Conventional Purchase 5.66% 12/16/24
    15 Year Conventional Refi 5.67% 12/16/24
    15 Year Cash-out Refi 5.67% 12/16/24
    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.

    St James Mortgage Corporation Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from St James Mortgage Corporation. 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

    82

    Origination Dollar Volume (All Markets)

    $13,970,000

    Awards

    St James Mortgage Corporation 30 Year Conventional Loans gold St James Mortgage Corporation 30 Year Conventional Loans gold St James Mortgage Corporation 30 Year Conventional Loans bronze
    Show all (3) 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
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 80 $13,590,000 $169,875 $1,751 4.30%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $205,000 $205,000 $1,262 4.25%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $175,000 $175,000 $3,041 4.75%
    St James Mortgage Corporation's top markets include Detroit, Ann Arbor, and Kalamazoo among others.

    Their top states include:
  • Michigan (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against St James Mortgage Corporation based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Polish-American Federal Credit Union
    Similarity Rank: 32
    Dort Financial Credit Union
    Similarity Rank: 95
    St James Mortgage Corporation
    Similarity Rank: 120
    FreeStar Financial Credit Union
    Similarity Rank: 345
    Extra
    Similarity Rank: 436
    Vibe Credit Union
    Similarity Rank: 448
    Northstar Bank
    Similarity Rank: 582
    COMMUNITY FINANCIAL CREDIT UNION
    Similarity Rank: 700
    ALLIANCE CATHOLIC CREDIT UNION
    Similarity Rank: 735
    Zeal Credit Union
    Similarity Rank: 819

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 82 $13,970,000 $170,366 $1,761 4.31%

    For 2018, St James Mortgage Corporation's most frequently originated type of loan was Conventional, with 82 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 29 $6,125,000 $211,207 $2,082 4.41%
    Cash Out Refi 25 $4,095,000 $163,800 $1,919 4.36%
    Refi 20 $2,810,000 $140,500 $1,107 4.13%
    Other 8 $940,000 $117,500 $1,736 4.23%

    For 2018, St James Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 47 $9,555,000 $203,298 $1,994 4.57%
    15 Year 25 $3,175,000 $127,000 $1,472 4.00%
    10 Year 7 $825,000 $117,857 $1,542 3.80%
    20 Year 2 $290,000 $145,000 $1,174 3.75%
    Other 1 $125,000 $125,000 $752 4.63%

    For 2018, St James Mortgage Corporation's most frequently cited loan duration was 30 Year, with 47 originations. The 2nd most popular length was 15 Year, with 25 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 68 $11,660,000 $171,471
    $1k-2k 7 $915,000 $130,714
    $2k-3k 3 $365,000 $121,667
    $3k-4k 3 $675,000 $225,000
    $4k-5k 1 $355,000 $355,000

    St James Mortgage Corporation's average total fees were $1,994, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 68 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 58 $10,860,000 $187,241
    3-4% 23 $2,835,000 $123,261
    5-6% 1 $275,000 $275,000

    During 2018, St James Mortgage Corporation's average interest rate for loans was 4.57%, while their most frequently originated rate bucket for loans was 4-5%, with 58 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 38 $5,620,000 $147,895 $1,670 4.30%
    $200k-400k 22 $6,320,000 $287,273 $2,071 4.52%
    $100,000 or less 21 $1,575,000 $75,000 $1,587 4.10%
    $400k-600k 1 $455,000 $455,000 $2,032 4.38%

    2018 saw St James Mortgage Corporation place emphasis on $100k-200k loans with 38 originations, totaling $5,620,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 19 $3,105,000 $163,421 $1,556 4.30%
    $50k-75k 18 $2,460,000 $136,667 $1,331 4.34%
    $150k-250k 17 $3,955,000 $232,647 $2,670 4.35%
    $75k-100k 16 $2,670,000 $166,875 $1,824 4.35%
    $50k or less 10 $1,130,000 $113,000 $1,300 4.16%
    $250k+ 2 $650,000 $325,000 $1,647 4.13%

    St James Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $50k-75k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 23 $3,855,000 $167,609 $1,806 4.29%
    30-36% 12 $2,640,000 $220,000 $2,403 4.22%
    <20% 11 $1,255,000 $114,091 $1,389 4.14%
    40% 6 $920,000 $153,333 $1,817 4.29%
    36% 5 $1,045,000 $209,000 $1,592 4.58%
    41% 5 $885,000 $177,000 $1,218 4.35%
    46% 3 $365,000 $121,667 $2,316 4.42%
    38% 3 $755,000 $251,667 $3,122 4.46%
    42% 2 $310,000 $155,000 $1,198 3.75%
    37% 2 $260,000 $130,000 $1,115 4.31%
    44% 2 $370,000 $185,000 $1,482 4.81%
    45% 2 $380,000 $190,000 $1,458 4.56%
    47% 2 $230,000 $115,000 $935 4.63%
    48% 2 $440,000 $220,000 $1,639 4.63%
    49% 1 $175,000 $175,000 $836 3.50%
    50-60% 1 $85,000 $85,000 $993 4.50%

    St James Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 23 originations. The next most common DTI ratio? 30-36%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 79 $13,615,000 $172,342 $1,750 4.32%
    Black 1 $185,000 $185,000 $4,168 4.13%
    Asian 2 $170,000 $85,000 $977 4.06%

    Approval Rates

    Total approvals of all applications
    90.74%

    St James Mortgage Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.49%

    St James Mortgage Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 82 $13,970,000 $170,366

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 82 $13,970,000 $170,366

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $855,000 $95,000 $1,092 3.83%
    40-60% 19 $2,895,000 $152,368 $1,520 4.26%
    60-80% 40 $7,280,000 $182,000 $1,973 4.42%
    80-100% 14 $2,940,000 $210,000 $1,912 4.38%