Jones Bank Mortgage Rates, Fees & Info
SEWARD, NELEI: 549300JL8NM8DX0AMB96
Tax ID: 83-2525814
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Mortgage Data
Review & Overview
Jones Bank is a smaller bank specializing in Home Purchase and Refi loans. Jones Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lincoln, Omaha, North Platte, and Sioux City among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Jones Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
61Origination Dollar Volume (All Markets)
$7,955,000Top 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 |
|---|---|---|---|---|---|
| LINCOLN, NE (FHA|USDA|VA) | 48 | $6,560,000 | $136,667 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $550,000 | $68,750 | $0 | 0.00% |
| North Platte, NE (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 61 | $7,955,000 | $130,410 | $0 | 0.00% |
For 2019, Jones Bank's most frequently originated type of loan was Conventional, with 61 originations.
Loan Reason
For 2019, Jones Bank's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 61 | $7,955,000 | $130,410 | $0 | 0.00% |
For 2019, Jones Bank's most frequently cited loan duration was Other, with 61 originations.
Loan Sizing
2019 saw Jones Bank place emphasis on $100,000 or less loans with 28 originations, totaling $1,340,000 in origination value.
Applicant Income
Jones Bank lent most frequently to those with incomes in the $50k or less range, with 15 originations. The second most popular income band? $100k-150k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 61 | $7,955,000 | $130,410 | $0 | 0.00% |
Jones Bank lent most frequently to those with DTI ratios of Exempt%, with 61 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 52 | $6,810,000 | $130,962 | $0 | 0.00% |
| Not applicable | 9 | $1,145,000 | $127,222 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Jones Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination98.36%
Jones Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 61 | $7,955,000 | $130,410 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $110,000 | $55,000 |
| Single Family (1-4 Units):Site-Built | 59 | $7,845,000 | $132,966 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| JAMES B. NUTTER & COMPANY | Conventional home mortgage | Struggling to pay mortgage | 1 | 25.0% |
| JAMES B. NUTTER & COMPANY | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |
| JAMES B. NUTTER & COMPANY | FHA mortgage | Incorrect information on your report | 1 | 25.0% |
| JAMES B. NUTTER & COMPANY | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |