Jones Lang Lasalle Multifamily Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300JQALY53TH22D13
Tax ID: 26-3894079
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Jones Lang Lasalle Multifamily is a small mortgage company specializing in Home Purchase and Cash Out Refi loans. Jones Lang Lasalle Multifamily has a high proportion of conventional loans. Their top markets by origination volume include: Phoenix, Atlanta, Miami, Tampa, and Durham among others. We have data for 50 markets. (Some data included below & more in-depth data is available with an active subscription.)Jones Lang Lasalle Multifamily 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. 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 Cash-out Refi | 6.27% | 12/17/24 |
| 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. | ||
Jones Lang Lasalle Multifamily Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Jones Lang Lasalle Multifamily. 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
77Origination Dollar Volume (All Markets)
$1,302,665,000Top 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 |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $236,675,000 | $33,810,714 | $0 | 4.08% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $107,065,000 | $35,688,333 | $0 | 4.31% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $82,200,000 | $41,100,000 | $0 | 4.41% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $61,425,000 | $61,425,000 | $0 | 4.26% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $56,175,000 | $18,725,000 | $0 | 4.68% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $53,020,000 | $13,255,000 | $0 | 4.68% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $47,725,000 | $15,908,333 | $0 | 4.52% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $46,825,000 | $15,608,333 | $0 | 4.71% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $39,980,000 | $19,990,000 | $0 | 4.04% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $39,415,000 | $39,415,000 | $0 | 4.42% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $34,040,000 | $17,020,000 | $0 | 4.72% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $31,335,000 | $31,335,000 | $0 | 4.76% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $30,925,000 | $30,925,000 | $0 | 4.77% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $27,495,000 | $27,495,000 | $0 | 4.70% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $27,005,000 | $27,005,000 | $0 | 4.25% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $23,165,000 | $23,165,000 | $0 | 4.71% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $22,775,000 | $22,775,000 | $0 | 4.36% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $22,175,000 | $22,175,000 | $0 | 5.16% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $21,855,000 | $21,855,000 | $0 | 4.53% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $19,640,000 | $9,820,000 | $0 | 4.54% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $19,035,000 | $19,035,000 | $0 | 4.63% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $18,785,000 | $18,785,000 | $0 | 4.48% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $17,940,000 | $8,970,000 | $0 | 5.30% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $16,460,000 | $4,115,000 | $0 | 5.25% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $15,955,000 | $15,955,000 | $0 | 4.47% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $14,220,000 | $7,110,000 | $0 | 4.55% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $13,905,000 | $13,905,000 | $0 | 4.50% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $11,345,000 | $11,345,000 | $0 | 4.91% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $11,005,000 | $11,005,000 | $0 | 4.96% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $10,965,000 | $10,965,000 | $0 | 4.81% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $10,505,000 | $10,505,000 | $0 | 4.86% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $10,415,000 | $10,415,000 | $0 | 4.75% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $9,355,000 | $9,355,000 | $0 | 4.39% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $9,265,000 | $9,265,000 | $0 | 5.19% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $9,205,000 | $9,205,000 | $0 | 4.68% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $8,505,000 | $8,505,000 | $0 | 4.40% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $8,305,000 | $8,305,000 | $0 | 4.69% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $8,025,000 | $8,025,000 | $0 | 4.43% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $7,595,000 | $7,595,000 | $0 | 4.17% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $7,345,000 | $7,345,000 | $0 | 4.86% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $6,845,000 | $6,845,000 | $0 | 4.61% |
| CHEYENNE, WY (FHA|USDA|VA) | 2 | $5,050,000 | $2,525,000 | $0 | 4.55% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $3,655,000 | $3,655,000 | $0 | 4.78% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $3,305,000 | $3,305,000 | $0 | 5.21% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $3,055,000 | $3,055,000 | $0 | 4.41% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $3,005,000 | $3,005,000 | $0 | 6.05% |
| TULSA, OK (FHA|USDA|VA) | 1 | $2,755,000 | $2,755,000 | $0 | 4.68% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $2,505,000 | $2,505,000 | $0 | 5.35% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $2,165,000 | $2,165,000 | $0 | 4.81% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $1,275,000 | $1,275,000 | $0 | 5.42% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 77 | $1,302,665,000 | $16,917,727 | $0 | 4.64% |
For 2018, Jones Lang Lasalle Multifamily's most frequently originated type of loan was Conventional, with 77 originations.
Loan Reason
For 2018, Jones Lang Lasalle Multifamily's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Cash Out Refi, with 32 originations.
Loan Duration/Length
For 2018, Jones Lang Lasalle Multifamily's most frequently cited loan duration was Other, with 40 originations. The 2nd most popular length was 10 Year, with 32 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 65 | $1,139,085,000 | $17,524,385 |
| 5-6% | 9 | $59,595,000 | $6,621,667 |
| 3-4% | 2 | $100,980,000 | $50,490,000 |
| 6-7% | 1 | $3,005,000 | $3,005,000 |
During 2018, Jones Lang Lasalle Multifamily's average interest rate for loans was 4.77%, while their most frequently originated rate bucket for loans was 4-5%, with 65 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 76 | $1,301,740,000 | $17,128,158 | $0 | 4.64% |
| $600k-1MM | 1 | $925,000 | $925,000 | $0 | 4.79% |
2018 saw Jones Lang Lasalle Multifamily place emphasis on $1MM+ loans with 76 originations, totaling $1,301,740,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 77 | $1,302,665,000 | $16,917,727 | $0 | 4.64% |
Approval Rates
Total approvals of all applications100.00%
Jones Lang Lasalle Multifamily has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.21%
Jones Lang Lasalle Multifamily has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 77 | $1,302,665,000 | $16,917,727 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 77 | $1,302,665,000 | $16,917,727 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| JMAC LENDING INCORPORATED | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| JMAC LENDING INCORPORATED | VA mortgage | Trouble during payment process | 1 | 50.0% |