Jmac Lending Mortgage Rates, Fees & Info
Sacramento, CALEI: 5493009B17HXCVXTD608
Tax ID: 26-0707492
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Mortgage Data
Review & Overview
Jmac Lending is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Jmac Lending has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, San Francisco, San Diego, San Jose, and Riverside among others. We have data for 111 markets. (Some data included below & more in-depth data is available with an active subscription.)Jmac Lending 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. Jmac Lending is typically a high 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 | 6.89% | 12/4/23 |
| 30 Year Conventional Refi | 6.61% | 12/4/23 |
| 30 Year Cash-out Refi | 7.02% | 12/4/23 |
| 30 Year FHA Purchase | 6.99% | 12/4/23 |
| 30 Year FHA Refi | 6.99% | 12/4/23 |
| 30 Year VA Purchase | 5.89% | 12/4/23 |
| 15 Year Conventional Purchase | 6.25% | 12/4/23 |
| 15 Year Conventional Refi | 5.94% | 12/4/23 |
| 15 Year Cash-out Refi | 5.94% | 12/4/23 |
| 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. | ||
Jmac Lending Mortgage Calculator
Your Estimates
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This is not an official calculator from Jmac Lending. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,484Origination Dollar Volume (All Markets)
$916,200,000Awards
JMAC LENDING - 2022
JMAC LENDING is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Jmac Lending's average 30 year fixed mortgage rate was
5.09%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.33%.
Relative Fees (Closing Costs)
Jmac Lending's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,054.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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) | 444 | $324,650,000 | $731,194 | $12,871 | 4.85% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 120 | $100,840,000 | $840,333 | $10,882 | 4.76% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 84 | $66,880,000 | $796,190 | $14,806 | 4.86% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 64 | $63,200,000 | $987,500 | $8,729 | 4.27% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 118 | $54,780,000 | $464,237 | $10,326 | 4.94% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 85 | $45,545,000 | $535,824 | $9,361 | 5.02% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 50 | $19,910,000 | $398,200 | $9,474 | 5.23% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 36 | $18,380,000 | $510,556 | $10,418 | 5.57% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 20 | $13,840,000 | $692,000 | $10,993 | 4.86% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 15 | $10,875,000 | $725,000 | $11,631 | 4.89% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 23 | $10,835,000 | $471,087 | $11,605 | 5.41% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 24 | $8,380,000 | $349,167 | $11,301 | 6.17% |
| PITTSBURGH, PA (FHA|USDA|VA) | 30 | $8,210,000 | $273,667 | $9,101 | 6.30% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 11 | $8,075,000 | $734,091 | $9,587 | 5.24% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 21 | $8,065,000 | $384,048 | $7,566 | 5.14% |
| STOCKTON, CA (FHA|USDA|VA) | 8 | $7,070,000 | $883,750 | $11,546 | 4.92% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 19 | $6,915,000 | $363,947 | $9,074 | 5.38% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 9 | $6,645,000 | $738,333 | $13,111 | 5.57% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 7 | $6,255,000 | $893,571 | $14,017 | 5.75% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 5 | $6,005,000 | $1,201,000 | $16,763 | 5.08% |
| VALLEJO, CA (FHA|USDA|VA) | 11 | $5,085,000 | $462,273 | $9,642 | 5.18% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 13 | $5,045,000 | $388,077 | $13,555 | 5.39% |
| Outside of Metro Areas | 9 | $4,915,000 | $546,111 | $17,000 | 6.58% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 8 | $4,770,000 | $596,250 | $14,254 | 5.86% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 13 | $4,705,000 | $361,923 | $9,390 | 5.55% |
| FRESNO, CA (FHA|USDA|VA) | 12 | $4,570,000 | $380,833 | $15,255 | 5.73% |
| Heber, UT (FHA|USDA|VA) | 3 | $4,345,000 | $1,448,333 | $18,996 | 5.00% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 6 | $4,290,000 | $715,000 | $13,277 | 5.10% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 8 | $4,170,000 | $521,250 | $8,668 | 4.55% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 13 | $3,405,000 | $261,923 | $7,857 | 5.42% |
| NAPA, CA (FHA|USDA|VA) | 2 | $3,310,000 | $1,655,000 | $25,379 | 4.25% |
| COLUMBUS, OH (FHA|USDA|VA) | 10 | $3,300,000 | $330,000 | $8,051 | 5.13% |
| Key West, FL (FHA|USDA|VA) | 2 | $2,990,000 | $1,495,000 | $25,277 | 5.13% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 4 | $2,770,000 | $692,500 | $6,301 | 5.41% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 7 | $2,655,000 | $379,286 | $8,522 | 4.45% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 10 | $2,610,000 | $261,000 | $8,158 | 6.60% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $2,445,000 | $815,000 | $15,398 | 5.04% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 8 | $2,360,000 | $295,000 | $10,777 | 4.86% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 9 | $2,295,000 | $255,000 | $7,204 | 4.47% |
| RENO, NV (FHA|USDA|VA) | 4 | $2,010,000 | $502,500 | $9,148 | 4.40% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $1,985,000 | $1,985,000 | $26,648 | 6.50% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 9 | $1,915,000 | $212,778 | $6,030 | 5.26% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 5 | $1,805,000 | $361,000 | $5,939 | 5.33% |
| MODESTO, CA (FHA|USDA|VA) | 4 | $1,730,000 | $432,500 | $10,025 | 4.94% |
| OCALA, FL (FHA|USDA|VA) | 7 | $1,705,000 | $243,571 | $9,624 | 4.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $1,585,000 | $528,333 | $3,921 | 5.04% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $1,570,000 | $785,000 | $11,181 | 5.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 7 | $1,465,000 | $209,286 | $5,922 | 5.20% |
| SALEM, OR (FHA|USDA|VA) | 4 | $1,290,000 | $322,500 | $8,460 | 4.63% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $15,247 | 5.88% |
| MIDLAND, TX (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $10,778 | 5.84% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $3,575 | 4.50% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $8,908 | 6.21% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $0 | 6.81% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $19,245 | 6.25% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $12,238 | 5.88% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $7,497 | 5.66% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $12,279 | 4.96% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $10,431 | 5.75% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $0 | 7.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $0 | 4.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $16,658 | 6.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $10,605 | 7.71% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $5,202 | 5.56% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $13,451 | 9.63% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $18,700 | 3.75% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $14,769 | 6.38% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $14,447 | 4.38% |
| AMARILLO, TX (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $4,331 | 5.42% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $8,902 | 3.25% |
| CHICO, CA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $4,590 | 5.31% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $4,982 | 6.29% |
| New Castle, PA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $11,257 | 5.88% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $9,916 | 4.75% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 5.50% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,433 | 6.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $13,154 | 6.88% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $2,245 | 4.67% |
| AKRON, OH (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $6,901 | 4.12% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $6,094 | 4.99% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 5.38% |
| Fallon, NV (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,417 | 4.18% |
| Del Rio, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 7.00% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 4.38% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $12,616 | 8.25% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $18,116 | 5.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 7.50% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,039 | 3.38% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,545 | 4.13% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,549 | 5.38% |
| REDDING, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $8,478 | 7.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $10,435 | 4.13% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,336 | 6.19% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,125 | 5.63% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,298 | 4.25% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 8.88% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,172 | 3.88% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,095 | 3.00% |
| BEND, OR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,726 | 3.88% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $11,122 | 4.88% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,870 | 5.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 8.63% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $13,432 | 4.75% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,324 | 5.25% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,281 | 3.99% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,235 | 5.50% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,501 | 5.25% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,867 | 5.88% |
| St. Marys, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,847 | 5.13% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,106 | 5.38% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,080 | 5.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against JMAC LENDING based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2022, Jmac Lending's most frequently originated type of loan was Conventional, with 1,412 originations. Their 2nd most popular type was FHA, with 47 originations.
Loan Reason
For 2022, Jmac Lending's most frequently cited loan purpose was Home Purchase, with 895 originations. The 2nd most popular reason was Cash Out Refi, with 425 originations.
Loan Duration/Length
For 2022, Jmac Lending's most frequently cited loan duration was 30 Year, with 1,409 originations. The 2nd most popular length was 15 Year, with 34 originations.
Origination Fees/Closing Costs
Jmac Lending's average total fees were $11,054, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 574 originations.
Interest Rates
During 2022, Jmac Lending's average interest rate for loans was 5.09%, while their most frequently originated rate bucket for loans was 4-5%, with 370 originations.
Loan Sizing
2022 saw Jmac Lending place emphasis on $200k-400k loans with 384 originations, totaling $114,900,000 in origination value.
Applicant Income
Jmac Lending lent most frequently to those with incomes in the $250k+ range, with 384 originations. The second most popular income band? $150k-250k, with 316 originations.
Applicant Debt to Income Ratio
Jmac Lending lent most frequently to those with DTI ratios of 30-36%, with 209 originations. The next most common DTI ratio? 20-30%, with 203 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.52%
Jmac Lending has an average approval rate.
Pick Rate
Approvals leading to origination37.87%
Jmac Lending has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,484 | $916,200,000 | $617,385 |