J. Virgil Mortgage Rates, Fees & Info

FENTON, MI

LEI: 549300K3VE61PXPZDV51

Tax ID: 38-3434023

4 stars - out of 5 stars, based on 60 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

J. Virgil is a smaller mortgage company specializing in Home Purchase and Refi loans. J. Virgil has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Flint, Detroit, Denver, Columbus, and Miami among others. J. Virgil has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. J. Virgil is typically an average fee lendor.


Originations

3,635

Origination Dollar Volume (All Markets)

$771,505,000
Show all (5) awards

Relative Rate

J. Virgil 's average 30 year fixed rate mortgage of loans were 3.22%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.07%.

Relative Fees

J. Virgil 's average total fees for a 30 year fixed rate mortgage are $5,527.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
FLINT, MI (FHA|USDA|VA) 946 $161,890,000 $171,131 $5,037 3.20%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 633 $125,535,000 $198,318 $4,835 3.17%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 259 $100,625,000 $388,514 $4,893 2.95%
COLUMBUS, OH (FHA|USDA|VA) 367 $68,125,000 $185,627 $5,852 3.25%
Outside of Metro Areas 268 $38,560,000 $143,881 $5,102 3.27%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 115 $36,135,000 $314,217 $5,994 3.09%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 129 $33,915,000 $262,907 $6,478 3.10%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 78 $24,490,000 $313,974 $7,941 3.12%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 110 $18,670,000 $169,727 $5,455 3.25%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 61 $14,325,000 $234,836 $3,884 3.09%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 30 $13,400,000 $446,667 $5,536 2.73%
Cadillac, MI (FHA|USDA|VA) 77 $11,475,000 $149,026 $6,322 3.21%
SAGINAW, MI (FHA|USDA|VA) 77 $11,355,000 $147,468 $5,318 3.32%
PORT ST. LUCIE, FL (FHA|USDA|VA) 39 $10,815,000 $277,308 $5,674 3.12%
Zanesville, OH (FHA|USDA|VA) 51 $8,205,000 $160,882 $5,837 3.33%
Traverse City, MI (FHA|USDA|VA) 29 $6,455,000 $222,586 $7,673 3.03%
GREELEY, CO (FHA|USDA|VA) 17 $6,115,000 $359,706 $6,467 2.81%
AMARILLO, TX (FHA|USDA|VA) 34 $5,460,000 $160,588 $6,895 3.33%
BOULDER, CO (FHA|USDA|VA) 10 $5,320,000 $532,000 $9,443 2.70%
Dumas, TX (FHA|USDA|VA) 25 $4,555,000 $182,200 $6,704 3.58%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 14 $3,910,000 $279,286 $6,179 3.16%
ANN ARBOR, MI (FHA|USDA|VA) 14 $3,560,000 $254,286 $5,321 3.24%
COLORADO SPRINGS, CO (FHA|USDA|VA) 10 $3,310,000 $331,000 $4,106 2.91%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 10 $2,810,000 $281,000 $6,252 3.05%
SALT LAKE CITY, UT (FHA|USDA|VA) 10 $2,650,000 $265,000 $6,822 3.28%
Cambridge, OH (FHA|USDA|VA) 13 $2,425,000 $186,538 $6,558 3.46%
MIDLAND, MI (FHA|USDA|VA) 12 $2,420,000 $201,667 $4,672 3.19%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $2,055,000 $411,000 $6,726 2.83%
Breckenridge, CO (FHA|USDA|VA) 4 $2,050,000 $512,500 $8,608 2.75%
Athens, OH (FHA|USDA|VA) 13 $1,975,000 $151,923 $4,921 3.38%
BAY CITY, MI (FHA|USDA|VA) 14 $1,800,000 $128,571 $4,956 3.27%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 5 $1,795,000 $359,000 $8,362 3.03%
MONROE, MI (FHA|USDA|VA) 7 $1,645,000 $235,000 $5,749 3.23%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,645,000 $329,000 $4,910 3.33%
Chillicothe, OH (FHA|USDA|VA) 8 $1,640,000 $205,000 $7,338 3.22%
Holland, MI (FHA|USDA|VA) 7 $1,465,000 $209,286 $6,225 3.13%
Heber, UT (FHA|USDA|VA) 2 $1,340,000 $670,000 $8,501 2.94%
PROVO-OREM, UT (FHA|USDA|VA) 4 $1,200,000 $300,000 $6,963 3.44%
FORT COLLINS, CO (FHA|USDA|VA) 3 $1,015,000 $338,333 $5,488 2.54%
CaƱon City, CO (FHA|USDA|VA) 4 $960,000 $240,000 $8,937 3.44%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $930,000 $465,000 $9,778 3.31%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $910,000 $227,500 $3,986 3.03%
Big Rapids, MI (FHA|USDA|VA) 7 $895,000 $127,857 $5,511 3.34%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $850,000 $425,000 $5,914 3.19%
Mount Pleasant, MI (FHA|USDA|VA) 5 $815,000 $163,000 $6,266 3.30%
DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $815,000 $271,667 $6,252 3.13%
PUEBLO, CO (FHA|USDA|VA) 4 $810,000 $202,500 $5,151 2.97%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $705,000 $705,000 $6,414 3.38%
LOGAN, UT-ID (FHA|USDA|VA) 3 $675,000 $225,000 $5,791 3.04%
Ludington, MI (FHA|USDA|VA) 4 $650,000 $162,500 $5,504 3.00%
MUSKEGON, MI (FHA|USDA|VA) 5 $615,000 $123,000 $2,909 3.13%
Adrian, MI (FHA|USDA|VA) 4 $600,000 $150,000 $3,642 3.13%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $565,000 $188,333 $3,634 3.04%
RICHMOND, VA (FHA|USDA|VA) 1 $545,000 $545,000 $3,634 2.38%
Steamboat Springs, CO (FHA|USDA|VA) 1 $545,000 $545,000 $3,878 2.50%
JACKSON, MI (FHA|USDA|VA) 3 $525,000 $175,000 $7,630 3.46%
ST. GEORGE, UT (FHA|USDA|VA) 1 $515,000 $515,000 $8,318 2.88%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $510,000 $255,000 $4,149 3.19%
Mount Vernon, OH (FHA|USDA|VA) 3 $505,000 $168,333 $5,950 3.00%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $495,000 $165,000 $3,816 2.75%
Edwards, CO (FHA|USDA|VA) 1 $475,000 $475,000 $4,577 3.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $475,000 $475,000 $7,376 3.50%
POCATELLO, ID (FHA|USDA|VA) 1 $465,000 $465,000 $7,626 2.88%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $465,000 $465,000 $4,329 3.00%
Washington Court House, OH (FHA|USDA|VA) 3 $445,000 $148,333 $6,214 3.21%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $445,000 $445,000 $3,961 2.25%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $435,000 $435,000 $6,311 2.88%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $430,000 $215,000 $5,470 3.63%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $425,000 $425,000 $6,187 3.63%
Granbury, TX (FHA|USDA|VA) 1 $395,000 $395,000 $13,633 3.88%
Durango, CO (FHA|USDA|VA) 1 $325,000 $325,000 $3,328 2.88%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 2 $320,000 $160,000 $3,161 2.88%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $315,000 $315,000 $4,630 3.25%
Alpena, MI (FHA|USDA|VA) 3 $315,000 $105,000 $4,838 3.38%
BATTLE CREEK, MI (FHA|USDA|VA) 2 $300,000 $150,000 $3,435 3.25%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $275,000 $275,000 $4,617 2.63%
WHEELING, WV-OH (FHA|USDA|VA) 2 $270,000 $135,000 $6,303 3.19%
Fremont, OH (FHA|USDA|VA) 2 $260,000 $130,000 $4,807 3.44%
Hillsdale, MI (FHA|USDA|VA) 1 $255,000 $255,000 $11,009 2.75%
Alma, MI (FHA|USDA|VA) 3 $255,000 $85,000 $5,670 3.17%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $250,000 $125,000 $3,669 3.25%
OCALA, FL (FHA|USDA|VA) 2 $250,000 $125,000 $6,145 3.94%
Price, UT (FHA|USDA|VA) 2 $250,000 $125,000 $5,702 4.00%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $245,000 $245,000 $10,968 3.50%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $235,000 $235,000 $3,081 2.13%
Marion, OH (FHA|USDA|VA) 1 $235,000 $235,000 $7,793 2.75%
ABILENE, TX (FHA|USDA|VA) 1 $225,000 $225,000 $9,785 3.75%
Sault Ste. Marie, MI (FHA|USDA|VA) 1 $205,000 $205,000 $3,396 2.88%
Clewiston, FL (FHA|USDA|VA) 1 $205,000 $205,000 $4,515 3.25%
Sulphur Springs, TX (FHA|USDA|VA) 1 $195,000 $195,000 $7,991 3.13%
WACO, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,259 2.88%
Houghton, MI (FHA|USDA|VA) 1 $165,000 $165,000 $3,151 3.38%
Bucyrus-Galion, OH (FHA|USDA|VA) 1 $155,000 $155,000 $4,745 3.50%
Vernal, UT (FHA|USDA|VA) 2 $140,000 $70,000 $3,166 3.50%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $135,000 $135,000 $6,870 3.63%
MANSFIELD, OH (FHA|USDA|VA) 1 $125,000 $125,000 $3,734 3.38%
Marietta, OH (FHA|USDA|VA) 1 $125,000 $125,000 $8,226 3.75%
Tiffin, OH (FHA|USDA|VA) 1 $105,000 $105,000 $5,376 2.75%
Coshocton, OH (FHA|USDA|VA) 1 $95,000 $95,000 $6,088 3.63%
Hereford, TX (FHA|USDA|VA) 1 $85,000 $85,000 $6,543 2.75%

J. Virgil 's top markets include Flint, Detroit, Denver, Columbus, and Miami among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,388 $540,610,000 $226,386 $4,227 3.17%
FHA 781 $141,175,000 $180,762 $8,225 3.25%
USDA 297 $46,165,000 $155,438 $6,580 3.14%
VA 169 $43,555,000 $257,722 $6,719 3.01%

For the 2021 period, J. Virgil 's most frequently originated loan type of loans were Conventional, with 2,388 originations. Their 2nd most popular type is FHA, with 781 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 2,331 $483,735,000 $207,523 $5,938 3.27%
Refi 825 $186,675,000 $226,273 $4,351 2.90%
Home Improvement 469 $98,215,000 $209,414 $4,531 3.19%
Cash Out Refi 10 $2,880,000 $288,000 $5,126 3.40%

For the 2021, J. Virgil 's most frequently cited loan purpose of loans were Home Purchase, with 2,331 originations. The 2nd most popular reason of loans were Refi, with 825 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 3,342 $714,290,000 $213,731 $5,527 3.22%
15 Year 193 $35,535,000 $184,119 $3,721 2.61%
20 Year 67 $14,965,000 $223,358 $4,367 3.00%
Other 25 $5,225,000 $209,000 $3,551 3.00%
10 Year 8 $1,490,000 $186,250 $3,323 2.36%

For the 2021, J. Virgil 's most frequently cited loan length of loans were 30 Year, with 3,342 originations. The 2nd most popular length of loans were 15 Year, with 193 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,794 $402,770,000 $224,509
$3k-4k 811 $175,405,000 $216,282
$2k-3k 791 $123,175,000 $155,721
$5k+ 125 $48,315,000 $386,520
$<1k 103 $20,175,000 $195,874

$5,527 of loans were J. Virgil 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,794 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 2,105 $420,395,000 $199,713
2.5-3% 1,135 $262,255,000 $231,062
<2.5% 297 $75,205,000 $253,215
4-5% 92 $13,550,000 $147,283
5-6% 6 $100,000 $16,667

During 2021, J. Virgil 's average interest rate of loans were 3.22%, while their most frequently originated rate bucket of loans were 3-4%, with 2,105 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 1,712 $254,730,000 $148,791 $5,055 3.21%
$200k-400k 1,193 $326,055,000 $273,307 $6,032 3.12%
$100,000 or less 417 $31,205,000 $74,832 $3,780 3.36%
$400k-600k 285 $135,375,000 $475,000 $6,445 2.96%
$600k-1MM 25 $19,515,000 $780,600 $11,564 3.08%
$1MM+ 3 $4,625,000 $1,541,667 $15,979 2.92%

2021 saw J. Virgil place emphasis on $100k-200k loans with 1,712 originations, totaling $254,730,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 1,053 $140,015,000 $132,968 $5,088 3.21%
$50k-75k 1,045 $193,255,000 $184,933 $5,478 3.24%
$100k-150k 598 $163,760,000 $273,846 $5,315 3.13%
$75k-100k 587 $137,685,000 $234,557 $5,677 3.16%
$150k-250k 263 $94,525,000 $359,411 $5,398 3.04%
$250k+ 79 $39,135,000 $495,380 $6,916 2.89%

J. Virgil lent most frequently to those with incomes in the $50k or less range, with 1,053 originations. The second most popular income band? $50k-75k, with 1,045 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 806 $169,550,000 $210,360 $4,644 3.14%
30-36% 734 $153,630,000 $209,305 $5,351 3.22%
<20% 279 $59,175,000 $212,097 $4,280 3.00%
50-60% 193 $37,635,000 $195,000 $8,112 3.25%
42% 142 $30,890,000 $217,535 $5,460 3.20%
43% 138 $30,690,000 $222,391 $5,122 3.22%
37% 135 $27,625,000 $204,630 $5,713 3.22%
39% 133 $27,145,000 $204,098 $5,541 3.22%
44% 130 $29,690,000 $228,385 $6,010 3.22%
40% 129 $29,195,000 $226,318 $5,541 3.20%
36% 127 $26,205,000 $206,339 $5,481 3.23%
41% 125 $26,335,000 $210,680 $5,611 3.30%
38% 113 $24,875,000 $220,133 $5,681 3.23%
45% 105 $25,325,000 $241,190 $6,070 3.20%
49% 91 $19,545,000 $214,780 $5,840 3.17%
47% 79 $14,855,000 $188,038 $5,800 3.12%
46% 79 $16,855,000 $213,354 $5,684 3.18%
48% 69 $16,075,000 $232,971 $6,236 3.10%
>60% 1 $305,000 $305,000 $11,225 2.75%

J. Virgil lent most frequently to those with DTI ratios of 20-30%, with 806 originations. The next most common DTI ratio? 30-36%, with 734 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 3,382 $718,250,000 $212,374 $5,348 3.17%
Black 149 $27,835,000 $186,812 $6,439 3.25%
Asian 46 $10,940,000 $237,826 $5,007 3.16%
Not provided 34 $9,220,000 $271,176 $5,701 3.32%
American Indian 17 $2,985,000 $175,588 $5,667 3.42%
Native Hawaiian 3 $1,375,000 $458,333 $5,079 2.63%
Other Asian 2 $450,000 $225,000 $5,097 3.00%
Asian Indian 1 $365,000 $365,000 $4,071 2.13%
1 $85,000 $85,000 $0 3.63%

Approval Rates

Total approvals of all applications
98.22%

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
74.50%

J. Virgil has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 3,635 $771,505,000 $212,243

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
3,635 $771,505,000 $212,243

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 91 $16,015,000 $175,989 $3,740 2.83%
40-60% 330 $66,360,000 $201,091 $3,899 2.90%
60-80% 943 $217,495,000 $230,642 $4,367 3.13%
80-100% 2,207 $459,185,000 $208,058 $6,062 3.24%
Over 100% 39 $11,335,000 $290,641 $11,681 3.07%
Under 20% 23 $795,000 $34,565 $1,017 4.48%