Jlb Corporation Mortgage Rates, Fees & Info

Clayton, MO

LEI: 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 Refi loans. Jlb Corporation has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Kansas City, Pittsburgh, Denver, and Portland among others. We have data for 64 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.

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% 3/28/24
30 Year Conventional Refi 6.81% 3/28/24
30 Year Cash-out Refi 7.04% 3/28/24
30 Year FHA Purchase 7.39% 3/28/24
30 Year FHA Refi 7.14% 3/28/24
30 Year VA Purchase 6.27% 3/28/24
30 Year VA Refi 6.27% 3/28/24
30 Year USDA Purchase 6.27% 3/28/24
15 Year Conventional Purchase 6.54% 3/28/24
15 Year Conventional Refi 6.37% 3/28/24
15 Year Cash-out Refi 6.37% 3/28/24
15 Year FHA Refi 6.70% 3/28/24
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

3,901

Origination Dollar Volume (All Markets)

$747,535,000
Show all (8) 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
ST. LOUIS, MO-IL (FHA|USDA|VA) 1,687 $312,315,000 $185,130 $5,160 4.07%
KANSAS CITY, MO-KS (FHA|USDA|VA) 802 $152,470,000 $190,112 $5,692 4.13%
PITTSBURGH, PA (FHA|USDA|VA) 724 $122,830,000 $169,655 $6,268 4.12%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 187 $55,165,000 $295,000 $6,791 4.17%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 118 $34,550,000 $292,797 $7,267 4.18%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 85 $14,375,000 $169,118 $5,418 3.99%
Outside of Metro Areas 57 $8,495,000 $149,035 $4,725 4.18%
GREELEY, CO (FHA|USDA|VA) 26 $7,200,000 $276,923 $7,727 4.08%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 31 $6,425,000 $207,258 $6,369 4.09%
SALEM, OR (FHA|USDA|VA) 15 $3,735,000 $249,000 $7,748 4.28%
LAWRENCE, KS (FHA|USDA|VA) 18 $3,170,000 $176,111 $5,426 4.15%
New Castle, PA (FHA|USDA|VA) 22 $2,760,000 $125,455 $6,125 4.27%
Farmington, MO (FHA|USDA|VA) 14 $2,400,000 $171,429 $4,872 4.33%
FORT COLLINS, CO (FHA|USDA|VA) 9 $2,295,000 $255,000 $5,589 4.08%
BOULDER, CO (FHA|USDA|VA) 4 $1,520,000 $380,000 $5,748 4.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 6 $1,300,000 $216,667 $6,176 4.23%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 12 $1,210,000 $100,833 $4,973 4.30%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 5 $1,155,000 $231,000 $6,670 3.98%
Breckenridge, CO (FHA|USDA|VA) 2 $900,000 $450,000 $10,460 4.25%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $885,000 $177,000 $5,699 4.03%
COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $785,000 $261,667 $4,973 4.25%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 6 $720,000 $120,000 $4,688 3.90%
ALBANY-LEBANON, OR (FHA|USDA|VA) 3 $705,000 $235,000 $7,274 4.00%
Warrensburg, MO (FHA|USDA|VA) 4 $690,000 $172,500 $5,501 3.66%
Indiana, PA (FHA|USDA|VA) 3 $595,000 $198,333 $6,782 4.38%
PUEBLO, CO (FHA|USDA|VA) 3 $535,000 $178,333 $8,333 3.96%
COLUMBIA, MO (FHA|USDA|VA) 2 $490,000 $245,000 $5,727 3.81%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $485,000 $485,000 $8,604 3.88%
LONGVIEW, WA (FHA|USDA|VA) 2 $460,000 $230,000 $5,758 4.00%
Oil City, PA (FHA|USDA|VA) 2 $450,000 $225,000 $4,960 4.13%
TOPEKA, KS (FHA|USDA|VA) 3 $385,000 $128,333 $4,698 4.17%
Centralia, WA (FHA|USDA|VA) 1 $365,000 $365,000 $4,334 4.38%
Winona, MN (FHA|USDA|VA) 1 $345,000 $345,000 $3,598 3.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $325,000 $325,000 $4,955 3.88%
KOKOMO, IN (FHA|USDA|VA) 3 $325,000 $108,333 $3,664 4.21%
Crawfordsville, IN (FHA|USDA|VA) 1 $275,000 $275,000 $9,434 3.75%
Parsons, KS (FHA|USDA|VA) 2 $270,000 $135,000 $3,583 4.19%
Sedalia, MO (FHA|USDA|VA) 2 $260,000 $130,000 $5,794 3.44%
Charleston-Mattoon, IL (FHA|USDA|VA) 2 $260,000 $130,000 $4,638 3.63%
GETTYSBURG, PA (FHA|USDA|VA) 1 $235,000 $235,000 $4,398 4.13%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $225,000 $225,000 $2,242 3.88%
Somerset, PA (FHA|USDA|VA) 2 $210,000 $105,000 $5,436 4.19%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $205,000 $205,000 $5,610 4.63%
Ottawa, KS (FHA|USDA|VA) 2 $190,000 $95,000 $4,218 4.88%
Meadville, PA (FHA|USDA|VA) 1 $185,000 $185,000 $5,741 4.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $185,000 $185,000 $7,745 3.75%
Prineville, OR (FHA|USDA|VA) 1 $185,000 $185,000 $9,172 4.13%
Maryville, MO (FHA|USDA|VA) 1 $175,000 $175,000 $3,802 4.50%
Fort Morgan, CO (FHA|USDA|VA) 1 $165,000 $165,000 $4,986 4.63%
Sterling, CO (FHA|USDA|VA) 1 $155,000 $155,000 $8,590 3.63%
Mexico, MO (FHA|USDA|VA) 1 $155,000 $155,000 $3,320 3.38%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $135,000 $135,000 $8,207 3.38%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $135,000 $135,000 $5,410 6.63%
CaƱon City, CO (FHA|USDA|VA) 1 $125,000 $125,000 $5,191 4.13%
FORT WAYNE, IN (FHA|USDA|VA) 1 $125,000 $125,000 $6,015 3.50%
CLEVELAND, TN (FHA|USDA|VA) 1 $125,000 $125,000 $7,312 3.63%
Hannibal, MO (FHA|USDA|VA) 1 $105,000 $105,000 $2,686 4.00%
MUNCIE, IN (FHA|USDA|VA) 1 $105,000 $105,000 $4,566 5.38%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $105,000 $105,000 $5,575 3.25%
Richmond, IN (FHA|USDA|VA) 1 $105,000 $105,000 $6,119 3.50%
Cookeville, TN (FHA|USDA|VA) 1 $95,000 $95,000 $6,087 4.13%
KANKAKEE, IL (FHA|USDA|VA) 1 $75,000 $75,000 $4,300 3.88%
Poplar Bluff, MO (FHA|USDA|VA) 1 $75,000 $75,000 $3,556 6.50%
Taylorville, IL (FHA|USDA|VA) 1 $75,000 $75,000 $2,928 4.13%
Jlb Corporation's top markets include St. Louis, Kansas City, Pittsburgh, Denver, and Portland among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,368 $468,010,000 $197,639 $4,742 4.20%
    FHA 1,528 $278,530,000 $182,284 $7,113 3.97%
    VA 4 $730,000 $182,500 $4,753 3.66%
    USDA 1 $265,000 $265,000 $8,369 3.38%

    For 2019, Jlb Corporation's most frequently originated type of loan was Conventional, with 2,368 originations. Their 2nd most popular type was FHA, with 1,528 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 2,451 $454,055,000 $185,253 $5,954 4.16%
    Refi 1,095 $226,225,000 $206,598 $5,250 3.95%
    Home Purchase 355 $67,255,000 $189,451 $5,020 4.24%

    For 2019, Jlb Corporation's most frequently cited loan purpose was Cash Out Refi, with 2,451 originations. The 2nd most popular reason was Refi, with 1,095 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,986 $594,550,000 $199,113 $5,862 4.17%
    15 Year 663 $103,685,000 $156,388 $4,936 3.81%
    20 Year 147 $29,415,000 $200,102 $5,433 4.04%
    Other 88 $17,480,000 $198,636 $5,390 4.15%
    10 Year 17 $2,405,000 $141,471 $4,501 3.80%

    For 2019, Jlb Corporation's most frequently cited loan duration was 30 Year, with 2,986 originations. The 2nd most popular length was 15 Year, with 663 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 2,159 $384,835,000 $178,247
    $3k-4k 839 $154,255,000 $183,856
    $4k-5k 326 $77,200,000 $236,810
    $1k-2k 320 $57,340,000 $179,188
    $5k+ 208 $62,040,000 $298,269
    $<1k 49 $11,865,000 $242,143

    Jlb Corporation's average total fees were $5,862, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 2,159 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,006 $391,350,000 $195,090
    4-5% 1,627 $309,235,000 $190,065
    5-6% 217 $37,875,000 $174,539
    2.5-3% 35 $7,125,000 $203,571
    6-7% 16 $1,950,000 $121,875

    During 2019, Jlb Corporation's average interest rate for loans was 4.17%, while their most frequently originated rate bucket for loans was 3-4%, with 2,006 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,905 $285,345,000 $149,787 $5,344 4.08%
    $200k-400k 1,374 $366,550,000 $266,776 $6,489 4.05%
    $100,000 or less 497 $39,085,000 $78,642 $4,365 4.33%
    $400k-600k 123 $55,295,000 $449,553 $6,877 4.17%
    $600k-1MM 2 $1,260,000 $630,000 $7,189 4.31%

    2019 saw Jlb Corporation place emphasis on $100k-200k loans with 1,905 originations, totaling $285,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,149 $192,425,000 $167,472 $5,589 4.12%
    $100k-150k 858 $203,660,000 $237,366 $6,046 4.08%
    $75k-100k 820 $162,140,000 $197,732 $5,883 4.07%
    $50k or less 731 $91,745,000 $125,506 $5,085 4.13%
    $150k-250k 303 $84,485,000 $278,828 $5,711 4.14%
    $250k+ 40 $13,080,000 $327,000 $6,090 4.30%

    Jlb Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,149 originations. The second most popular income band? $100k-150k, with 858 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 660 $125,710,000 $190,470 $5,143 3.99%
    30-36% 631 $118,165,000 $187,266 $5,283 4.07%
    50-60% 390 $75,300,000 $193,077 $7,279 3.81%
    44% 180 $36,470,000 $202,611 $5,538 4.15%
    <20% 153 $23,125,000 $151,144 $4,547 4.03%
    42% 150 $31,450,000 $209,667 $5,715 4.12%
    40% 144 $28,380,000 $197,083 $5,473 4.10%
    41% 135 $27,105,000 $200,778 $5,529 4.11%
    38% 123 $23,885,000 $194,187 $5,310 4.14%
    36% 119 $24,155,000 $202,983 $5,719 4.00%
    39% 116 $21,880,000 $188,621 $5,587 4.09%
    43% 110 $21,190,000 $192,636 $5,697 4.07%
    49% 104 $22,250,000 $213,942 $5,806 4.06%
    37% 104 $19,110,000 $183,750 $5,541 4.03%
    46% 101 $22,135,000 $219,158 $6,375 3.89%
    45% 99 $20,225,000 $204,293 $5,972 4.11%
    47% 96 $19,850,000 $206,771 $6,173 4.04%
    48% 89 $16,825,000 $189,045 $5,978 4.02%

    Jlb Corporation lent most frequently to those with DTI ratios of 20-30%, with 660 originations. The next most common DTI ratio? 30-36%, with 631 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,547 $682,325,000 $192,367 $5,654 4.10%
    Not provided 153 $32,605,000 $213,105 $6,057 4.03%
    Black 164 $25,650,000 $156,402 $5,717 4.18%
    Asian 32 $6,190,000 $193,438 $5,450 4.18%
    American Indian 4 $620,000 $155,000 $6,417 3.66%
    Native Hawaiian or Islander 1 $145,000 $145,000 $5,401 5.00%

    Approval Rates

    Total approvals of all applications
    98.38%

    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
    67.70%

    Jlb Corporation 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 3,901 $747,535,000 $191,627

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 5 $1,065,000 $213,000
    Single Family (1-4 Units):Site-Built 3,896 $746,470,000 $191,599

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 66 $6,400,000 $96,970 $4,069 4.04%
    40-60% 319 $49,175,000 $154,154 $4,467 3.96%
    60-80% 1,596 $314,920,000 $197,318 $5,168 4.10%
    80-100% 1,516 $306,030,000 $201,867 $6,483 3.95%
    Over 100% 1 $185,000 $185,000 $9,100 4.00%
    Under 20% 5 $335,000 $67,000 $3,167 4.50%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    JLB CORPORATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%