Jlb Corporation Mortgage Rates, Fees & Info
Clayton, MOLEI: 549300DX0B304LAKUN93
Tax ID: 43-1901144
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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 Youngstown among others. We have data for 44 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.23% | 7/7/25 |
| 30 Year Conventional Refi | 6.98% | 7/7/25 |
| 30 Year Cash-out Refi | 7.20% | 7/7/25 |
| 30 Year FHA Purchase | 7.30% | 7/7/25 |
| 30 Year FHA Refi | 6.79% | 7/7/25 |
| 30 Year VA Purchase | 6.72% | 7/7/25 |
| 30 Year VA Refi | 6.72% | 7/7/25 |
| 15 Year Conventional Purchase | 6.34% | 7/7/25 |
| 15 Year Conventional Refi | 6.20% | 7/7/25 |
| 15 Year Cash-out Refi | 6.20% | 7/7/25 |
| 15 Year FHA Refi | 6.84% | 7/7/25 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
880Origination Dollar Volume (All Markets)
$200,160,000Awards
JLB CORPORATION - 2024
JLB CORPORATION is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Jlb Corporation's average 30 year fixed mortgage rate was
6.41%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.14%.
Relative Fees (Closing Costs)
Jlb Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,067.
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 $8,356.
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) | 413 | $98,075,000 | $237,470 | $7,680 | 6.37% |
| PITTSBURGH, PA (FHA|USDA|VA) | 180 | $38,010,000 | $211,167 | $8,853 | 6.53% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 145 | $35,715,000 | $246,310 | $8,772 | 6.29% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 33 | $6,245,000 | $189,242 | $7,479 | 6.35% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 25 | $3,745,000 | $149,800 | $5,950 | 6.55% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $2,605,000 | $521,000 | $14,444 | 6.55% |
| Outside of Metro Areas | 17 | $2,425,000 | $142,647 | $5,927 | 6.42% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $12,395 | 5.90% |
| New Castle, PA (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $7,907 | 6.25% |
| Farmington, MO (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $5,408 | 7.00% |
| Warrensburg, MO (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $7,456 | 6.37% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $10,210 | 6.12% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $7,667 | 6.04% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $17,613 | 6.13% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $10,663 | 6.56% |
| FORT WAYNE, IN (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $6,597 | 6.33% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $9,615 | 5.69% |
| Mexico, MO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,994 | 7.63% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $13,516 | 5.62% |
| New Castle, IN (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,978 | 7.25% |
| Salina, KS (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $13,447 | 6.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,666 | 7.38% |
| Indiana, PA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $8,876 | 6.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,373 | 6.88% |
| Meadville, PA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $6,162 | 7.25% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,822 | 6.50% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,996 | 7.63% |
| Atchison, KS (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,553 | 5.99% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,612 | 6.63% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,290 | 6.38% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,005 | 6.88% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,077 | 5.63% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,119 | 6.25% |
| Marshall, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,756 | 6.63% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,401 | 5.99% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,141 | 5.99% |
| KOKOMO, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,143 | 6.50% |
| Hannibal, MO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,272 | 6.63% |
| Ottawa, KS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,376 | 6.63% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,531 | 6.75% |
| Poplar Bluff, MO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,835 | 5.75% |
| Somerset, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,370 | 6.88% |
| Oil City, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,560 | 5.99% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,587 | 7.13% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| FHA | 562 | $135,930,000 | $241,868 | $9,527 | 6.16% |
| Conventional | 318 | $64,230,000 | $201,981 | $5,500 | 6.81% |
For 2024, Jlb Corporation's most frequently originated type of loan was FHA, with 562 originations. Their 2nd most popular type was Conventional, with 318 originations.
Loan Reason
For 2024, Jlb Corporation's most frequently cited loan purpose was Cash Out Refi, with 558 originations. The 2nd most popular reason was Home Purchase, with 221 originations.
Loan Duration/Length
For 2024, Jlb Corporation's most frequently cited loan duration was 30 Year, with 853 originations. The 2nd most popular length was 15 Year, with 18 originations.
Origination Fees/Closing Costs
Jlb Corporation's average total fees were $8,067, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 228 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 514 | $112,400,000 | $218,677 |
| 5-6% | 250 | $61,200,000 | $244,800 |
| 7-8% | 114 | $25,900,000 | $227,193 |
| 4-5% | 1 | $295,000 | $295,000 |
| Over 8% | 1 | $365,000 | $365,000 |
During 2024, Jlb Corporation's average interest rate for loans was 6.41%, while their most frequently originated rate bucket for loans was 6-7%, with 514 originations.
Loan Sizing
2024 saw Jlb Corporation place emphasis on $200k-400k loans with 407 originations, totaling $112,425,000 in origination value.
Applicant Income
Jlb Corporation lent most frequently to those with incomes in the $50k-75k range, with 230 originations. The second most popular income band? $100k-150k, with 200 originations.
Applicant Debt to Income Ratio
Jlb Corporation lent most frequently to those with DTI ratios of 50-60%, with 151 originations. The next most common DTI ratio? 30-36%, with 140 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.32%
Jlb Corporation has an average approval rate.
Pick Rate
Approvals leading to origination75.45%
Jlb Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 880 | $200,160,000 | $227,455 |