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 Refi and Cash Out Refi loans. St James Mortgage Corporation has a high proportion of conventional loans. Their top markets by origination volume include: Detroit, Ann Arbor, Flint, Traverse City, and Monroe among others. We have data for 8 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.

    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 6.03% 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

    404

    Origination Dollar Volume (All Markets)

    $81,200,000

    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 silver St James Mortgage Corporation 30 Year Conventional Loans silver
    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
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 368 $73,280,000 $199,130 $1,380 2.75%
    Outside of Metro Areas 12 $3,170,000 $264,167 $1,529 2.85%
    ANN ARBOR, MI (FHA|USDA|VA) 11 $2,555,000 $232,273 $2,150 2.77%
    FLINT, MI (FHA|USDA|VA) 8 $1,430,000 $178,750 $1,654 2.81%
    Traverse City, MI (FHA|USDA|VA) 2 $440,000 $220,000 $1,231 2.69%
    MONROE, MI (FHA|USDA|VA) 1 $145,000 $145,000 $1,224 2.50%
    JACKSON, MI (FHA|USDA|VA) 1 $105,000 $105,000 $787 3.13%
    NILES, MI (FHA|USDA|VA) 1 $75,000 $75,000 $3,003 2.75%
    St James Mortgage Corporation's top markets include Detroit, Ann Arbor, Flint, Traverse City, and Monroe 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: 212
    St James Mortgage Corporation
    Similarity Rank: 304
    T&I Credit union
    Similarity Rank: 618
    Extra
    Similarity Rank: 1024
    Zeal Credit Union
    Similarity Rank: 1078
    SECURITY CREDIT UNION
    Similarity Rank: 1080
    ADVANTAGE ONE Credit Union
    Similarity Rank: 1305
    NEW ENGLAND FEDERAL CREDIT UNION
    Similarity Rank: 1394
    ALLIANCE CATHOLIC CREDIT UNION
    Similarity Rank: 1603
    COMMUNITY FINANCIAL CREDIT UNION
    Similarity Rank: 2000

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 404 $81,200,000 $200,990 $1,412 2.75%

    For 2021, St James Mortgage Corporation's most frequently originated type of loan was Conventional, with 404 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 245 $45,945,000 $187,531 $1,107 2.68%
    Cash Out Refi 108 $23,260,000 $215,370 $1,671 2.85%
    Home Purchase 40 $10,310,000 $257,750 $2,150 2.91%
    Other 11 $1,685,000 $153,182 $2,967 2.88%

    For 2021, St James Mortgage Corporation's most frequently cited loan purpose was Refi, with 245 originations. The 2nd most popular reason was Cash Out Refi, with 108 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 177 $40,555,000 $229,124 $1,655 2.96%
    15 Year 124 $22,590,000 $182,177 $1,368 2.50%
    10 Year 39 $5,395,000 $138,333 $940 2.48%
    Other 34 $6,000,000 $176,471 $970 2.74%
    20 Year 30 $6,660,000 $222,000 $1,273 2.88%

    For 2021, St James Mortgage Corporation's most frequently cited loan duration was 30 Year, with 177 originations. The 2nd most popular length was 15 Year, with 124 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 379 $77,465,000 $204,393
    $1k-2k 9 $945,000 $105,000
    $2k-3k 7 $735,000 $105,000
    $4k-5k 5 $875,000 $175,000
    $5k+ 4 $1,180,000 $295,000

    St James Mortgage Corporation's average total fees were $1,655, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 379 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 209 $42,455,000 $203,134
    <2.5% 125 $23,645,000 $189,160
    3-4% 70 $15,100,000 $215,714

    During 2021, St James Mortgage Corporation's average interest rate for loans was 2.96%, while their most frequently originated rate bucket for loans was 2.5-3%, with 209 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 173 $25,635,000 $148,179 $1,220 2.74%
    $200k-400k 152 $40,970,000 $269,539 $1,528 2.80%
    $100,000 or less 58 $4,660,000 $80,345 $1,369 2.63%
    $400k-600k 21 $9,935,000 $473,095 $2,272 2.79%

    2021 saw St James Mortgage Corporation place emphasis on $100k-200k loans with 173 originations, totaling $25,635,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 124 $26,320,000 $212,258 $1,489 2.67%
    $50k-75k 81 $12,565,000 $155,123 $1,298 2.86%
    $75k-100k 76 $12,800,000 $168,421 $1,242 2.76%
    $150k-250k 64 $17,150,000 $267,969 $1,599 2.69%
    $50k or less 36 $4,440,000 $123,333 $1,046 2.84%
    $250k+ 23 $7,925,000 $344,565 $2,007 2.80%

    St James Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 124 originations. The second most popular income band? $50k-75k, with 81 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 128 $26,460,000 $206,719 $1,400 2.74%
    30-36% 76 $16,410,000 $215,921 $1,539 2.72%
    <20% 69 $12,475,000 $180,797 $1,124 2.69%
    38% 16 $3,290,000 $205,625 $1,786 2.66%
    42% 13 $2,095,000 $161,154 $1,265 2.85%
    37% 13 $3,445,000 $265,000 $1,412 2.72%
    43% 12 $2,560,000 $213,333 $1,696 2.91%
    39% 11 $2,035,000 $185,000 $1,168 3.02%
    46% 9 $1,675,000 $186,111 $1,638 2.69%
    45% 8 $1,250,000 $156,250 $1,420 2.83%
    41% 8 $1,480,000 $185,000 $1,539 3.03%
    47% 8 $1,750,000 $218,750 $1,347 2.81%
    36% 6 $1,520,000 $253,333 $1,860 2.81%
    44% 6 $990,000 $165,000 $1,131 2.71%
    48% 5 $885,000 $177,000 $1,191 2.90%
    49% 5 $735,000 $147,000 $1,071 2.85%
    50-60% 5 $1,065,000 $213,000 $3,130 2.88%
    40% 4 $780,000 $195,000 $1,156 2.78%
    >60% 2 $300,000 $150,000 $703 2.25%

    St James Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 128 originations. The next most common DTI ratio? 30-36%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 364 $72,970,000 $200,467 $1,375 2.77%
    Asian 23 $4,615,000 $200,652 $1,646 2.57%
    Not provided 10 $2,130,000 $213,000 $1,351 2.75%
    Asian Indian 4 $950,000 $237,500 $3,642 2.44%
    Black 3 $535,000 $178,333 $1,319 2.83%

    Approval Rates

    Total approvals of all applications
    95.77%

    St James Mortgage Corporation 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
    88.12%

    St James Mortgage Corporation has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 404 $81,200,000 $200,990

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    404 $81,200,000 $200,990

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 60 $7,530,000 $125,500 $1,058 2.59%
    40-60% 167 $31,755,000 $190,150 $1,122 2.68%
    60-80% 157 $36,475,000 $232,325 $1,787 2.86%
    80-100% 19 $5,335,000 $280,789 $1,992 3.01%
    Under 20% 1 $105,000 $105,000 $1,162 2.63%