Jlb Corporation Mortgage Rates, Fees & Info

Clayton, MO

LEI: 549300DX0B304LAKUN93

Tax ID: 43-1901144

5 stars - Updated: 4/14/24 - out of 5 stars, based on 29 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Jlb Corporation is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. They have a a high proportion of FHA loans. Jlb Corporation has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Pittsburgh, Kansas City, Indianapolis, and Denver among others. We have data for 41 markets. (Some data included below & more in-depth data is available with an active subscription.)

Jlb 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. Jlb Corporation is typically an average 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 relatively high 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 6.97% 4/14/24
30 Year Conventional Refi 6.81% 4/14/24
30 Year Cash-out Refi 7.04% 4/14/24
30 Year FHA Purchase 7.39% 4/14/24
30 Year FHA Refi 7.14% 4/14/24
30 Year VA Purchase 6.27% 4/14/24
30 Year VA Refi 6.27% 4/14/24
30 Year USDA Purchase 6.27% 4/14/24
15 Year Conventional Purchase 6.54% 4/14/24
15 Year Conventional Refi 6.37% 4/14/24
15 Year Cash-out Refi 6.37% 4/14/24
15 Year FHA Refi 6.70% 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.

Jlb Corporation Mortgage Calculator






Your Estimates

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

This is not an official calculator from Jlb 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

817

Origination Dollar Volume (All Markets)

$166,375,000

Relative Rate

Jlb Corporation's average 30 year fixed mortgage rate was 6.64%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.16%.

Relative Fees (Closing Costs)

Jlb Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $7,957.

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 $9,089.

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
ST. LOUIS, MO-IL (FHA|USDA|VA) 388 $81,550,000 $210,180 $7,619 6.64%
PITTSBURGH, PA (FHA|USDA|VA) 173 $32,095,000 $185,520 $8,306 6.62%
KANSAS CITY, MO-KS (FHA|USDA|VA) 112 $22,960,000 $205,000 $8,275 6.60%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 35 $7,545,000 $215,571 $8,224 6.59%
Outside of Metro Areas 21 $3,475,000 $165,476 $7,017 6.77%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 6 $2,390,000 $398,333 $15,857 6.42%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 7 $2,015,000 $287,857 $9,894 6.43%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 15 $1,955,000 $130,333 $6,113 6.73%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 8 $1,540,000 $192,500 $8,232 6.50%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 3 $1,335,000 $445,000 $13,565 6.58%
New Castle, PA (FHA|USDA|VA) 9 $1,285,000 $142,778 $7,244 6.96%
TOPEKA, KS (FHA|USDA|VA) 2 $620,000 $310,000 $11,581 6.88%
Farmington, MO (FHA|USDA|VA) 4 $590,000 $147,500 $6,520 6.25%
SPRINGFIELD, MO (FHA|USDA|VA) 2 $520,000 $260,000 $5,519 6.44%
SALEM, OR (FHA|USDA|VA) 2 $480,000 $240,000 $6,267 5.94%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $435,000 $435,000 $17,789 5.75%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $425,000 $425,000 $11,130 7.63%
KOKOMO, IN (FHA|USDA|VA) 2 $410,000 $205,000 $8,843 6.88%
Oil City, PA (FHA|USDA|VA) 2 $410,000 $205,000 $7,053 6.88%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $405,000 $405,000 $6,154 7.63%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $380,000 $190,000 $9,779 7.06%
Somerset, PA (FHA|USDA|VA) 1 $315,000 $315,000 $10,416 7.50%
Zanesville, OH (FHA|USDA|VA) 1 $265,000 $265,000 $8,165 7.63%
Hannibal, MO (FHA|USDA|VA) 2 $220,000 $110,000 $4,076 6.88%
Atchison, KS (FHA|USDA|VA) 1 $215,000 $215,000 $8,226 5.75%
GREELEY, CO (FHA|USDA|VA) 1 $215,000 $215,000 $10,338 6.25%
Meadville, PA (FHA|USDA|VA) 1 $205,000 $205,000 $8,808 6.63%
Bartlesville, OK (FHA|USDA|VA) 1 $195,000 $195,000 $8,555 5.75%
Rolla, MO (FHA|USDA|VA) 1 $195,000 $195,000 $7,018 6.63%
Shelbyville, TN (FHA|USDA|VA) 1 $185,000 $185,000 $10,416 5.75%
MUNCIE, IN (FHA|USDA|VA) 1 $175,000 $175,000 $8,169 6.75%
PEORIA, IL (FHA|USDA|VA) 1 $165,000 $165,000 $2,859 6.63%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $165,000 $165,000 $4,002 6.38%
West Plains, MO (FHA|USDA|VA) 1 $155,000 $155,000 $6,938 6.25%
Lock Haven, PA (FHA|USDA|VA) 1 $155,000 $155,000 $6,721 6.25%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $145,000 $145,000 $5,855 7.00%
Indiana, PA (FHA|USDA|VA) 1 $135,000 $135,000 $6,068 6.88%
New Castle, IN (FHA|USDA|VA) 1 $125,000 $125,000 $7,323 7.25%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $125,000 $125,000 $6,559 6.88%
McMinnville, TN (FHA|USDA|VA) 1 $105,000 $105,000 $6,205 6.63%
COLUMBUS, IN (FHA|USDA|VA) 1 $95,000 $95,000 $7,197 7.00%
Jlb Corporation's top markets include St. Louis, Pittsburgh, Kansas City, Indianapolis, and Denver among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Similar Lenders

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

    TRI BORO
    Similarity Rank: 24
    First Savings Bank of Hegewisch
    Similarity Rank: 46
    South Metro Federal Credit Union
    Similarity Rank: 55
    PRIORITY HOME MORTGAGE, L.P.
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    First Farmers and Merchants Bank
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    MY Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 477 $101,995,000 $213,826 $9,584 6.52%
    Conventional 340 $64,380,000 $189,353 $5,642 6.79%

    For 2023, Jlb Corporation's most frequently originated type of loan was FHA, with 477 originations. Their 2nd most popular type was Conventional, with 340 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 498 $95,320,000 $191,406 $8,343 6.59%
    Home Purchase 273 $61,415,000 $224,963 $7,387 6.71%
    Refi 46 $9,640,000 $209,565 $6,932 6.63%

    For 2023, Jlb Corporation's most frequently cited loan purpose was Cash Out Refi, with 498 originations. The 2nd most popular reason was Home Purchase, with 273 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 803 $164,045,000 $204,290 $7,957 6.64%
    20 Year 7 $1,195,000 $170,714 $7,662 6.34%
    15 Year 6 $1,040,000 $173,333 $6,688 6.23%
    Other 1 $95,000 $95,000 $6,867 5.88%

    For 2023, Jlb Corporation's most frequently cited loan duration was 30 Year, with 803 originations. The 2nd most popular length was 20 Year, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $3k-4k 237 $36,645,000 $154,620
    $5k+ 195 $60,315,000 $309,308
    $4k-5k 159 $32,985,000 $207,453
    $2k-3k 152 $23,060,000 $151,711
    $1k-2k 66 $11,100,000 $168,182
    $<1k 8 $2,270,000 $283,750

    Jlb Corporation's average total fees were $7,957, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 237 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 486 $96,420,000 $198,395
    7-8% 188 $39,760,000 $211,489
    5-6% 131 $27,445,000 $209,504
    Over 8% 11 $2,565,000 $233,182
    4-5% 1 $185,000 $185,000

    During 2023, Jlb Corporation's average interest rate for loans was 6.64%, while their most frequently originated rate bucket for loans was 6-7%, with 486 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 372 $56,000,000 $150,538 $6,514 6.61%
    $200k-400k 301 $80,305,000 $266,794 $9,887 6.63%
    $100,000 or less 98 $7,850,000 $80,102 $4,959 6.65%
    $400k-600k 41 $18,705,000 $456,220 $12,783 6.69%
    $600k-1MM 5 $3,515,000 $703,000 $16,216 6.98%

    2023 saw Jlb Corporation place emphasis on $100k-200k loans with 372 originations, totaling $56,000,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 250 $42,840,000 $171,360 $7,290 6.60%
    $100k-150k 169 $42,745,000 $252,929 $9,055 6.76%
    $75k-100k 162 $33,420,000 $206,296 $8,331 6.59%
    $50k or less 147 $18,135,000 $123,367 $5,880 6.47%
    $150k-250k 78 $23,940,000 $306,923 $10,335 6.75%
    $250k+ 11 $5,295,000 $481,364 $10,647 7.33%

    Jlb Corporation lent most frequently to those with incomes in the $50k-75k range, with 250 originations. The second most popular income band? $100k-150k, with 169 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 134 $31,810,000 $237,388 $10,342 6.45%
    30-36% 126 $23,090,000 $183,254 $7,329 6.57%
    20-30% 122 $23,160,000 $189,836 $7,028 6.73%
    49% 41 $9,525,000 $232,317 $8,382 6.72%
    44% 40 $8,570,000 $214,250 $7,320 6.54%
    40% 40 $7,990,000 $199,750 $8,153 6.63%
    47% 34 $6,510,000 $191,471 $7,958 6.64%
    43% 34 $6,320,000 $185,882 $7,801 6.52%
    41% 33 $5,935,000 $179,848 $7,040 6.67%
    37% 32 $7,020,000 $219,375 $7,614 6.78%
    42% 30 $6,070,000 $202,333 $7,849 6.76%
    <20% 26 $4,490,000 $172,692 $5,446 6.78%
    46% 24 $5,290,000 $220,417 $8,255 6.80%
    48% 23 $4,785,000 $208,043 $8,263 6.49%
    39% 21 $4,895,000 $233,095 $7,938 6.77%
    38% 20 $3,560,000 $178,000 $7,462 6.82%
    36% 20 $3,620,000 $181,000 $6,078 6.71%
    45% 17 $3,735,000 $219,706 $8,602 6.68%

    Jlb Corporation lent most frequently to those with DTI ratios of 50-60%, with 134 originations. The next most common DTI ratio? 30-36%, with 126 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 727 $147,465,000 $202,840 $7,931 6.64%
    Black 54 $9,970,000 $184,630 $7,502 6.47%
    Not provided 22 $5,250,000 $238,636 $9,286 6.64%
    Asian 13 $3,445,000 $265,000 $8,047 6.89%
    Native Hawaiian or Islander 1 $245,000 $245,000 $9,969 6.25%

    Approval Rates

    Total approvals of all applications
    96.73%

    Jlb 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
    73.44%

    Jlb Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 817 $166,375,000 $203,641

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    817 $166,375,000 $203,641

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $3,365,000 $124,630 $5,231 6.73%
    40-60% 81 $12,715,000 $156,975 $6,050 6.58%
    60-80% 340 $66,780,000 $196,412 $7,913 6.66%
    80-100% 364 $83,100,000 $228,297 $8,654 6.61%
    Under 20% 5 $415,000 $83,000 $3,675 6.70%