J. Virgil Mortgage Rates, Fees & Info

FENTON, MI

LEI: 549300K3VE61PXPZDV51

Tax ID: 38-3434023

5 stars - Updated: 6/16/24 - out of 5 stars, based on 33 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

J. Virgil is a smaller mortgage company specializing in Home Purchase loans. J. Virgil has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Flint, Detroit, Columbus, Lansing, and Miami among others. We have data for 61 markets. (Some data included below & more in-depth data is available with an active subscription.)

J. Virgil 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. J. Virgil 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 relatively high 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
Home Equity Line of Credit (HELOC) 7.26% 6/16/24
30 Year Conventional Purchase 7.12% 6/16/24
30 Year Conventional Refi 6.80% 6/16/24
30 Year Cash-out Refi 6.98% 6/16/24
30 Year FHA Purchase 7.75% 6/16/24
30 Year FHA Refi 7.60% 6/16/24
30 Year VA Purchase 6.73% 6/16/24
30 Year VA Refi 5.91% 6/16/24
30 Year USDA Purchase 7.22% 6/16/24
30 Year USDA Refi 6.56% 6/16/24
15 Year Conventional Purchase 6.54% 6/16/24
15 Year Conventional Refi 6.42% 6/16/24
15 Year Cash-out Refi 6.42% 6/16/24
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.

J. Virgil Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from J. Virgil. 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

1,103

Origination Dollar Volume (All Markets)

$217,005,000
Show all (8) awards

Relative Rate

J. Virgil's average 30 year fixed mortgage rate was 6.8%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.32%.

Relative Fees (Closing Costs)

J. Virgil's average total fees/closing costs for a 30 year fixed rate mortgage were $6,854.

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 $9,089.

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
FLINT, MI (FHA|USDA|VA) 296 $49,850,000 $168,412 $6,277 6.79%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 188 $37,720,000 $200,638 $6,687 6.77%
COLUMBUS, OH (FHA|USDA|VA) 131 $27,295,000 $208,359 $7,485 6.85%
Outside of Metro Areas 143 $23,515,000 $164,441 $6,472 6.84%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 49 $8,395,000 $171,327 $5,591 6.70%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 25 $7,545,000 $301,800 $7,662 6.25%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 26 $6,700,000 $257,692 $5,880 7.05%
SAGINAW, MI (FHA|USDA|VA) 39 $6,635,000 $170,128 $5,695 6.73%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 20 $5,230,000 $261,500 $8,688 6.44%
Cadillac, MI (FHA|USDA|VA) 25 $4,105,000 $164,200 $8,226 7.15%
PORT ST. LUCIE, FL (FHA|USDA|VA) 10 $4,070,000 $407,000 $11,030 6.59%
Zanesville, OH (FHA|USDA|VA) 21 $3,745,000 $178,333 $7,222 6.99%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 5 $3,705,000 $741,000 $16,458 7.25%
BAY CITY, MI (FHA|USDA|VA) 15 $2,145,000 $143,000 $6,031 6.69%
OCALA, FL (FHA|USDA|VA) 9 $2,105,000 $233,889 $10,641 6.33%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 7 $2,075,000 $296,429 $9,164 6.61%
COLORADO SPRINGS, CO (FHA|USDA|VA) 5 $2,035,000 $407,000 $6,130 6.67%
Cambridge, OH (FHA|USDA|VA) 9 $1,635,000 $181,667 $7,274 6.88%
Traverse City, MI (FHA|USDA|VA) 5 $1,455,000 $291,000 $11,738 7.18%
Athens, OH (FHA|USDA|VA) 7 $1,185,000 $169,286 $8,368 7.11%
MIDLAND, MI (FHA|USDA|VA) 4 $980,000 $245,000 $6,634 7.00%
JACKSON, MI (FHA|USDA|VA) 6 $980,000 $163,333 $5,806 6.58%
Mount Pleasant, MI (FHA|USDA|VA) 5 $935,000 $187,000 $7,603 6.85%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $820,000 $410,000 $8,802 7.31%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $715,000 $715,000 $7,960 6.50%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $675,000 $225,000 $7,511 7.13%
MUSKEGON, MI (FHA|USDA|VA) 3 $675,000 $225,000 $7,697 6.79%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $665,000 $665,000 $10,323 6.88%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $540,000 $270,000 $11,242 6.81%
Chillicothe, OH (FHA|USDA|VA) 3 $525,000 $175,000 $7,934 7.13%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $510,000 $255,000 $9,595 6.50%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 2 $480,000 $240,000 $7,386 6.87%
PANAMA CITY, FL (FHA|USDA|VA) 1 $425,000 $425,000 $18,505 5.75%
ANN ARBOR, MI (FHA|USDA|VA) 2 $420,000 $210,000 $8,438 6.44%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $405,000 $405,000 $4,680 7.13%
Jackson, OH (FHA|USDA|VA) 1 $405,000 $405,000 $10,492 8.13%
FORT COLLINS, CO (FHA|USDA|VA) 1 $405,000 $405,000 $11,985 7.63%
Marietta, OH (FHA|USDA|VA) 2 $370,000 $185,000 $7,166 7.31%
Houghton, MI (FHA|USDA|VA) 1 $365,000 $365,000 $12,106 7.75%
Tiffin, OH (FHA|USDA|VA) 1 $345,000 $345,000 $18,867 6.75%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $335,000 $335,000 $11,159 5.75%
Big Rapids, MI (FHA|USDA|VA) 2 $330,000 $165,000 $7,403 7.06%
AKRON, OH (FHA|USDA|VA) 1 $325,000 $325,000 $14,433 6.25%
Hillsdale, MI (FHA|USDA|VA) 1 $325,000 $325,000 $7,484 7.25%
Mount Vernon, OH (FHA|USDA|VA) 2 $310,000 $155,000 $7,651 7.44%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $285,000 $285,000 $9,851 5.99%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $225,000 $225,000 $4,948 6.88%
WHEELING, WV-OH (FHA|USDA|VA) 2 $210,000 $105,000 $6,384 7.63%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $185,000 $185,000 $6,128 7.00%
LOGAN, UT-ID (FHA|USDA|VA) 1 $175,000 $175,000 $9,403 6.50%
PUEBLO, CO (FHA|USDA|VA) 1 $175,000 $175,000 $0 6.75%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $175,000 $175,000 $9,077 6.13%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $175,000 $175,000 $8,854 7.25%
Escanaba, MI (FHA|USDA|VA) 1 $165,000 $165,000 $10,083 7.13%
Alma, MI (FHA|USDA|VA) 1 $155,000 $155,000 $5,904 7.50%
Sturgis, MI (FHA|USDA|VA) 1 $155,000 $155,000 $6,762 6.25%
MONROE, MI (FHA|USDA|VA) 1 $145,000 $145,000 $3,886 6.88%
New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $125,000 $125,000 $5,624 7.13%
Alpena, MI (FHA|USDA|VA) 1 $95,000 $95,000 $3,922 6.38%
Marinette, WI-MI (FHA|USDA|VA) 1 $85,000 $85,000 $7,368 7.13%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $65,000 $65,000 $4,811 6.50%
J. Virgil's top markets include Flint, Detroit, Columbus, Lansing, and Miami among others.

Their top states include:
  • Michigan (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against J. VIRGIL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Michigan Legacy Credit Union
    Similarity Rank: 15
    The Community Bank
    Similarity Rank: 18
    1st State Financial, Ltd.
    Similarity Rank: 34
    Wildfire Credit Union
    Similarity Rank: 52
    Total Community Credit Union
    Similarity Rank: 94
    United Bank of Michigan
    Similarity Rank: 98
    St James Mortgage Corporation
    Similarity Rank: 104
    N C P D Federal Credit Union
    Similarity Rank: 126

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 609 $122,365,000 $200,928 $5,820 6.85%
    FHA 340 $62,550,000 $183,971 $8,792 6.73%
    USDA 85 $12,895,000 $151,706 $6,750 6.85%
    VA 69 $19,195,000 $278,188 $7,161 6.62%

    For 2023, J. Virgil's most frequently originated type of loan was Conventional, with 609 originations. Their 2nd most popular type was FHA, with 340 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,042 $205,940,000 $197,639 $6,911 6.80%
    Refi 26 $4,850,000 $186,538 $5,590 6.73%
    Cash Out Refi 26 $5,220,000 $200,769 $7,997 6.84%
    Home Improvement 9 $995,000 $110,556 $5,120 6.90%

    For 2023, J. Virgil's most frequently cited loan purpose was Home Purchase, with 1,042 originations. The 2nd most popular reason was Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,064 $210,850,000 $198,167 $6,854 6.80%
    Other 30 $4,620,000 $154,000 $8,048 6.93%
    15 Year 4 $650,000 $162,500 $8,136 5.91%
    20 Year 3 $395,000 $131,667 $6,024 7.00%
    30+ year 2 $490,000 $245,000 $7,798 7.00%

    For 2023, J. Virgil's most frequently cited loan duration was 30 Year, with 1,064 originations. The 2nd most popular length was Other, with 30 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 287 $49,845,000 $173,676
    $2k-3k 271 $43,065,000 $158,911
    $5k+ 197 $56,635,000 $287,487
    $3k-4k 180 $31,770,000 $176,500
    $4k-5k 125 $27,055,000 $216,440
    $<1k 41 $8,475,000 $206,707

    J. Virgil's average total fees were $6,854, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 287 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 637 $118,505,000 $186,036
    7-8% 360 $75,160,000 $208,778
    5-6% 92 $20,340,000 $221,087
    Over 8% 9 $2,345,000 $260,556
    4-5% 3 $625,000 $208,333
    <2.5% 2 $30,000 $15,000

    During 2023, J. Virgil's average interest rate for loans was 6.80%, while their most frequently originated rate bucket for loans was 6-7%, with 637 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 544 $82,450,000 $151,563 $6,170 6.78%
    $200k-400k 356 $95,090,000 $267,107 $8,291 6.86%
    $100,000 or less 147 $10,905,000 $74,184 $4,452 6.70%
    $400k-600k 48 $22,360,000 $465,833 $11,033 6.84%
    $600k-1MM 7 $4,915,000 $702,143 $11,017 6.86%
    $1MM+ 1 $1,285,000 $1,285,000 $22,972 7.38%

    2023 saw J. Virgil place emphasis on $100k-200k loans with 544 originations, totaling $82,450,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 350 $56,840,000 $162,400 $6,214 6.75%
    $50k or less 231 $26,795,000 $115,996 $5,701 6.66%
    $75k-100k 220 $46,510,000 $211,409 $7,377 6.84%
    $100k-150k 204 $52,610,000 $257,892 $8,084 6.95%
    $150k-250k 79 $25,865,000 $327,405 $8,001 6.86%
    $250k+ 19 $8,385,000 $441,316 $10,935 7.12%

    J. Virgil lent most frequently to those with incomes in the $50k-75k range, with 350 originations. The second most popular income band? $50k or less, with 231 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 219 $40,885,000 $186,689 $6,195 6.83%
    20-30% 170 $29,410,000 $173,000 $6,001 6.77%
    50-60% 104 $22,070,000 $212,212 $9,096 6.72%
    38% 51 $9,015,000 $176,765 $6,038 6.94%
    43% 49 $10,645,000 $217,245 $7,092 6.83%
    41% 48 $8,530,000 $177,708 $6,344 6.78%
    40% 47 $8,725,000 $185,638 $7,629 6.86%
    44% 45 $9,275,000 $206,111 $7,742 6.84%
    47% 44 $9,990,000 $227,045 $7,020 6.89%
    42% 43 $8,775,000 $204,070 $7,331 6.87%
    37% 43 $9,225,000 $214,535 $6,912 6.82%
    49% 42 $9,220,000 $219,524 $7,639 6.82%
    36% 41 $7,625,000 $185,976 $6,756 6.89%
    39% 39 $7,095,000 $181,923 $6,076 6.67%
    <20% 35 $7,305,000 $208,714 $6,136 6.70%
    48% 34 $7,570,000 $222,647 $7,634 6.71%
    45% 25 $5,845,000 $233,800 $7,137 6.68%
    46% 23 $5,515,000 $239,783 $8,688 6.68%

    J. Virgil lent most frequently to those with DTI ratios of 30-36%, with 219 originations. The next most common DTI ratio? 20-30%, with 170 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,034 $202,980,000 $196,306 $6,887 6.80%
    Black 48 $8,210,000 $171,042 $6,473 6.67%
    Asian 12 $4,440,000 $370,000 $9,546 6.93%
    American Indian 8 $1,270,000 $158,750 $6,298 7.13%
    Native Hawaiian or Islander 1 $105,000 $105,000 $5,491 6.63%

    Approval Rates

    Total approvals of all applications
    99.45%

    J. Virgil 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
    70.72%

    J. Virgil has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,103 $217,005,000 $196,741

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,103 $217,005,000 $196,741

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 22 $2,350,000 $106,818 $4,620 6.61%
    40-60% 51 $8,505,000 $166,765 $5,317 6.62%
    60-80% 172 $35,700,000 $207,558 $6,524 6.85%
    80-100% 838 $166,710,000 $198,938 $7,084 6.82%
    Over 100% 11 $3,435,000 $312,273 $13,939 6.61%
    Under 20% 9 $305,000 $33,889 $1,247 5.71%