Jones Lang Lasalle Multifamily Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300JQALY53TH22D13

Tax ID: 26-3894079

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Mortgage Data

Review & Overview

Jones Lang Lasalle Multifamily is a mid-sized mortgage company specializing in Cash Out Refi and Home Purchase loans. Jones Lang Lasalle Multifamily has a high proportion of conventional loans. Their top markets by origination volume include: Phoenix, Chicago, Los Angeles, Houston, and Minneapolis among others. We have data for 76 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 a below average pick rate when compared to similar lenders.

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 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

170

Origination Dollar Volume (All Markets)

$4,199,220,000

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
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 14 $468,980,000 $33,498,571 $0 3.28%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 10 $434,120,000 $43,412,000 $0 4.73%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $325,745,000 $108,581,667 $0 4.58%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 8 $307,510,000 $38,438,750 $0 4.24%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 10 $260,300,000 $26,030,000 $0 4.39%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 10 $249,380,000 $24,938,000 $0 4.90%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 6 $177,930,000 $29,655,000 $0 4.69%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 7 $129,075,000 $18,439,286 $0 5.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 6 $115,440,000 $19,240,000 $0 4.11%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $103,865,000 $34,621,667 $0 3.20%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $101,505,000 $101,505,000 $0 5.83%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $66,615,000 $22,205,000 $0 5.53%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $64,740,000 $32,370,000 $0 4.56%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $63,505,000 $63,505,000 $0 2.46%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $60,135,000 $60,135,000 $0 4.62%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $57,410,000 $28,705,000 $0 6.09%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $56,005,000 $56,005,000 $0 4.58%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $47,600,000 $23,800,000 $0 5.19%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $47,025,000 $47,025,000 $0 4.84%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $46,025,000 $46,025,000 $0 4.62%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 8 $46,020,000 $5,752,500 $0 5.58%
STOCKTON, CA (FHA|USDA|VA) 1 $45,005,000 $45,005,000 $0 5.03%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $40,745,000 $40,745,000 $0 3.49%
GAINESVILLE, FL (FHA|USDA|VA) 4 $37,020,000 $9,255,000 $0 3.37%
COLUMBUS, OH (FHA|USDA|VA) 1 $36,005,000 $36,005,000 $0 3.45%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $35,565,000 $35,565,000 $0 3.85%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $35,195,000 $35,195,000 $0 3.33%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $35,105,000 $35,105,000 $0 2.45%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $34,245,000 $34,245,000 $0 4.63%
PITTSBURGH, PA (FHA|USDA|VA) 3 $33,345,000 $11,115,000 $0 4.28%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $31,130,000 $15,565,000 $0 4.20%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $30,035,000 $30,035,000 $0 5.53%
MADISON, WI (FHA|USDA|VA) 1 $29,815,000 $29,815,000 $0 4.48%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $29,405,000 $29,405,000 $0 2.70%
TULSA, OK (FHA|USDA|VA) 3 $26,605,000 $8,868,333 $0 4.58%
Red Wing, MN (FHA|USDA|VA) 2 $25,430,000 $12,715,000 $0 4.34%
SALT LAKE CITY, UT (FHA|USDA|VA) 3 $25,015,000 $8,338,333 $0 3.93%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $24,840,000 $12,420,000 $0 4.50%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $23,705,000 $23,705,000 $0 3.20%
LUBBOCK, TX (FHA|USDA|VA) 1 $22,605,000 $22,605,000 $0 4.50%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $22,305,000 $22,305,000 $0 4.60%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $22,165,000 $22,165,000 $0 2.55%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $20,855,000 $20,855,000 $0 5.43%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $20,035,000 $20,035,000 $0 4.55%
Bay City, TX (FHA|USDA|VA) 1 $20,015,000 $20,015,000 $0 2.76%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $18,955,000 $18,955,000 $0 4.25%
LONGVIEW, TX (FHA|USDA|VA) 1 $18,285,000 $18,285,000 $0 4.60%
BILLINGS, MT (FHA|USDA|VA) 1 $18,175,000 $18,175,000 $0 3.45%
BISMARCK, ND (FHA|USDA|VA) 3 $17,685,000 $5,895,000 $0 5.60%
COLUMBIA, SC (FHA|USDA|VA) 1 $17,505,000 $17,505,000 $0 4.47%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $16,425,000 $16,425,000 $0 4.00%
TYLER, TX (FHA|USDA|VA) 1 $16,085,000 $16,085,000 $0 4.60%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $14,245,000 $14,245,000 $0 4.50%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $13,770,000 $6,885,000 $0 6.15%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $12,615,000 $12,615,000 $0 5.68%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $11,495,000 $11,495,000 $0 5.98%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $9,395,000 $9,395,000 $0 4.35%
KNOXVILLE, TN (FHA|USDA|VA) 1 $7,425,000 $7,425,000 $0 3.61%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $6,845,000 $6,845,000 $0 5.81%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $6,715,000 $6,715,000 $0 7.66%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $6,475,000 $6,475,000 $0 4.35%
PROVO-OREM, UT (FHA|USDA|VA) 1 $6,245,000 $6,245,000 $0 6.80%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $5,345,000 $5,345,000 $0 4.61%
Aberdeen, WA (FHA|USDA|VA) 1 $5,265,000 $5,265,000 $0 4.44%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $4,515,000 $4,515,000 $0 4.93%
FARGO, ND-MN (FHA|USDA|VA) 1 $4,385,000 $4,385,000 $0 6.94%
AMES, IA (FHA|USDA|VA) 1 $4,135,000 $4,135,000 $0 6.94%
LOUISVILLE, KY (FHA|USDA|VA) 1 $4,115,000 $4,115,000 $0 4.93%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $3,685,000 $3,685,000 $0 4.75%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $2,925,000 $2,925,000 $0 7.66%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $2,705,000 $2,705,000 $0 4.23%
Moses Lake, WA (FHA|USDA|VA) 1 $2,265,000 $2,265,000 $0 6.95%
Kearney, NE (FHA|USDA|VA) 1 $1,875,000 $1,875,000 $0 5.79%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $1,825,000 $1,825,000 $0 4.24%
ROANOKE, VA (FHA|USDA|VA) 1 $1,615,000 $1,615,000 $0 5.90%
LOGAN, UT-ID (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $0 6.59%
Jones Lang Lasalle Multifamily's top markets include Phoenix, Chicago, Los Angeles, Houston, and Minneapolis among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 170 $4,199,220,000 $24,701,294 $0 4.57%

    For 2022, Jones Lang Lasalle Multifamily's most frequently originated type of loan was Conventional, with 170 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 90 $2,252,260,000 $25,025,111 $0 4.19%
    Home Purchase 59 $1,619,835,000 $27,454,831 $0 4.87%
    Refi 13 $304,575,000 $23,428,846 $0 4.53%
    Home Improvement 8 $22,550,000 $2,818,750 $0 6.81%

    For 2022, Jones Lang Lasalle Multifamily's most frequently cited loan purpose was Cash Out Refi, with 90 originations. The 2nd most popular reason was Home Purchase, with 59 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 106 $2,699,040,000 $25,462,642 $0 4.43%
    Other 54 $1,405,050,000 $26,019,444 $0 4.65%
    5 Year 8 $75,260,000 $9,407,500 $0 5.96%
    15 Year 2 $19,870,000 $9,935,000 $0 4.69%

    For 2022, Jones Lang Lasalle Multifamily's most frequently cited loan duration was 10 Year, with 106 originations. The 2nd most popular length was Other, with 54 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 77 $1,825,525,000 $23,708,117
    5-6% 32 $992,530,000 $31,016,563
    3-4% 26 $655,190,000 $25,199,615
    2.5-3% 17 $512,025,000 $30,119,118
    6-7% 13 $102,015,000 $7,847,308
    7-8% 3 $13,325,000 $4,441,667
    <2.5% 2 $98,610,000 $49,305,000

    During 2022, Jones Lang Lasalle Multifamily's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 77 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 169 $4,198,385,000 $24,842,515 $0 4.56%
    $600k-1MM 1 $835,000 $835,000 $0 6.10%

    2022 saw Jones Lang Lasalle Multifamily place emphasis on $1MM+ loans with 169 originations, totaling $4,198,385,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 170 $4,199,220,000 $24,701,294 $0 4.57%

    Approval Rates

    Total approvals of all applications
    96.23%

    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 origination
    80.00%

    Jones Lang Lasalle Multifamily has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 170 $4,199,220,000 $24,701,294

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    170 $4,199,220,000 $24,701,294

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $141,180,000 $10,084,286 $0 5.22%
    40-60% 78 $2,356,860,000 $30,216,154 $0 4.40%
    60-80% 64 $1,580,430,000 $24,694,219 $0 4.35%
    80-100% 1 $66,335,000 $66,335,000 $0 4.80%
    Over 100% 3 $27,525,000 $9,175,000 $0 4.10%
    Under 20% 10 $26,890,000 $2,689,000 $0 6.60%