J. Virgil Mortgage Rates, Fees & Info

FENTON, MI

LEI: 549300K3VE61PXPZDV51

Tax ID: 38-3434023

3.1 stars - out of 5 stars, based on 46 reviews

Latest/2022 | 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, Denver, and Miami among others. We have data for 78 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% 6/7/23
30 Year Conventional Purchase 7.12% 6/7/23
30 Year Conventional Refi 6.80% 6/7/23
30 Year Cash-out Refi 6.98% 6/7/23
30 Year FHA Purchase 7.75% 6/7/23
30 Year FHA Refi 7.60% 6/7/23
30 Year VA Purchase 6.73% 6/7/23
30 Year VA Refi 5.91% 6/7/23
30 Year USDA Purchase 7.22% 6/7/23
30 Year USDA Refi 6.56% 6/7/23
15 Year Conventional Purchase 6.54% 6/7/23
15 Year Conventional Refi 6.42% 6/7/23
15 Year Cash-out Refi 6.42% 6/7/23
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

2,154

Origination Dollar Volume (All Markets)

$465,190,000
Show all (5) awards

Relative Rate

J. Virgil's average 30 year fixed mortgage rate was 5.29%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.53%.

Relative Fees (Closing Costs)

J. Virgil's average total fees/closing costs for a 30 year fixed rate mortgage were $6,791.

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 $4,750.

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) 523 $89,585,000 $171,291 $6,117 5.37%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 357 $78,785,000 $220,686 $6,652 5.26%
COLUMBUS, OH (FHA|USDA|VA) 236 $45,980,000 $194,831 $7,054 5.39%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 79 $36,055,000 $456,392 $6,650 5.01%
Outside of Metro Areas 195 $31,995,000 $164,077 $6,277 5.24%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 57 $20,495,000 $359,561 $7,481 4.79%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 54 $19,530,000 $361,667 $9,465 4.85%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 50 $18,870,000 $377,400 $9,356 4.53%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 113 $17,975,000 $159,071 $6,326 5.40%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 39 $11,235,000 $288,077 $5,269 5.28%
SAGINAW, MI (FHA|USDA|VA) 64 $10,300,000 $160,938 $6,419 5.14%
Zanesville, OH (FHA|USDA|VA) 48 $7,670,000 $159,792 $6,513 5.47%
Cadillac, MI (FHA|USDA|VA) 49 $7,515,000 $153,367 $7,190 5.47%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 18 $7,000,000 $388,889 $9,872 5.69%
PORT ST. LUCIE, FL (FHA|USDA|VA) 20 $6,560,000 $328,000 $9,468 4.97%
Traverse City, MI (FHA|USDA|VA) 23 $4,915,000 $213,696 $8,910 5.57%
Cambridge, OH (FHA|USDA|VA) 19 $3,315,000 $174,474 $5,915 5.53%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 9 $3,265,000 $362,778 $8,439 4.99%
BAY CITY, MI (FHA|USDA|VA) 19 $2,355,000 $123,947 $5,433 5.33%
JACKSON, MI (FHA|USDA|VA) 16 $2,330,000 $145,625 $6,216 5.23%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 7 $1,775,000 $253,571 $9,038 4.50%
MIDLAND, MI (FHA|USDA|VA) 9 $1,755,000 $195,000 $6,675 5.36%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $1,695,000 $339,000 $9,702 5.25%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $1,595,000 $531,667 $13,640 4.63%
OCALA, FL (FHA|USDA|VA) 9 $1,545,000 $171,667 $5,970 5.24%
Ludington, MI (FHA|USDA|VA) 8 $1,540,000 $192,500 $5,676 5.80%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,510,000 $377,500 $7,161 5.69%
Athens, OH (FHA|USDA|VA) 9 $1,505,000 $167,222 $7,536 5.15%
AMARILLO, TX (FHA|USDA|VA) 7 $1,485,000 $212,143 $8,760 4.30%
COLORADO SPRINGS, CO (FHA|USDA|VA) 4 $1,470,000 $367,500 $5,345 5.03%
GREELEY, CO (FHA|USDA|VA) 4 $1,420,000 $355,000 $5,283 4.78%
SALT LAKE CITY, UT (FHA|USDA|VA) 3 $1,195,000 $398,333 $11,839 4.96%
Mount Vernon, OH (FHA|USDA|VA) 4 $990,000 $247,500 $5,983 6.75%
Adrian, MI (FHA|USDA|VA) 3 $985,000 $328,333 $8,177 5.71%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $935,000 $311,667 $10,635 5.75%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $925,000 $308,333 $6,615 6.42%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $910,000 $455,000 $5,339 4.88%
LOGAN, UT-ID (FHA|USDA|VA) 3 $895,000 $298,333 $7,339 4.46%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $885,000 $295,000 $6,170 5.50%
Big Rapids, MI (FHA|USDA|VA) 5 $845,000 $169,000 $8,554 5.43%
BOULDER, CO (FHA|USDA|VA) 2 $840,000 $420,000 $8,165 3.69%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $805,000 $268,333 $9,950 4.83%
Alma, MI (FHA|USDA|VA) 4 $790,000 $197,500 $5,627 6.34%
Mount Pleasant, MI (FHA|USDA|VA) 5 $735,000 $147,000 $6,057 4.93%
Chillicothe, OH (FHA|USDA|VA) 4 $710,000 $177,500 $5,741 5.69%
MUSKEGON, MI (FHA|USDA|VA) 4 $610,000 $152,500 $5,414 5.88%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $600,000 $300,000 $10,262 4.69%
MONROE, MI (FHA|USDA|VA) 4 $580,000 $145,000 $4,204 5.44%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $475,000 $475,000 $9,025 3.25%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $470,000 $235,000 $9,097 6.13%
ANN ARBOR, MI (FHA|USDA|VA) 1 $445,000 $445,000 $18,722 5.13%
Cañon City, CO (FHA|USDA|VA) 2 $410,000 $205,000 $5,701 3.81%
Montrose, CO (FHA|USDA|VA) 1 $405,000 $405,000 $18,545 4.25%
MIDLAND, TX (FHA|USDA|VA) 1 $395,000 $395,000 $10,586 3.25%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $385,000 $385,000 $12,944 5.50%
Hereford, TX (FHA|USDA|VA) 2 $370,000 $185,000 $10,152 3.75%
Marietta, OH (FHA|USDA|VA) 3 $335,000 $111,667 $6,184 5.67%
MANSFIELD, OH (FHA|USDA|VA) 1 $325,000 $325,000 $4,557 4.75%
WHEELING, WV-OH (FHA|USDA|VA) 2 $320,000 $160,000 $8,775 5.06%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $315,000 $315,000 $5,976 3.88%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $280,000 $140,000 $7,170 5.38%
Dumas, TX (FHA|USDA|VA) 2 $260,000 $130,000 $6,796 4.19%
ABILENE, TX (FHA|USDA|VA) 1 $255,000 $255,000 $11,473 3.63%
SAN ANGELO, TX (FHA|USDA|VA) 1 $235,000 $235,000 $4,893 5.63%
GAINESVILLE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $5,139 4.75%
New Philadelphia-Dover, OH (FHA|USDA|VA) 2 $220,000 $110,000 $6,540 5.38%
Okeechobee, FL (FHA|USDA|VA) 1 $205,000 $205,000 $9,992 5.88%
Huntsville, TX (FHA|USDA|VA) 1 $205,000 $205,000 $5,077 3.50%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $195,000 $195,000 $4,014 5.75%
Urbana, OH (FHA|USDA|VA) 1 $185,000 $185,000 $9,843 6.13%
Coldwater, MI (FHA|USDA|VA) 1 $165,000 $165,000 $5,858 6.75%
WACO, TX (FHA|USDA|VA) 1 $155,000 $155,000 $4,619 3.38%
Bucyrus-Galion, OH (FHA|USDA|VA) 1 $145,000 $145,000 $8,492 4.63%
Coshocton, OH (FHA|USDA|VA) 1 $135,000 $135,000 $6,569 5.63%
Alpena, MI (FHA|USDA|VA) 2 $130,000 $65,000 $3,602 5.38%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $125,000 $125,000 $4,323 5.38%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $115,000 $115,000 $6,428 4.63%
Escanaba, MI (FHA|USDA|VA) 1 $45,000 $45,000 $3,150 5.38%
J. Virgil's top markets include Flint, Detroit, Columbus, Denver, and Miami among others.

Their top states include:
  • Michigan (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (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.

    The Community Bank
    Similarity Rank: 91
    St James Mortgage Corporation
    Similarity Rank: 114
    Lake Huron Credit Union
    Similarity Rank: 136
    1st State Financial, Ltd.
    Similarity Rank: 147
    JOLT CREDIT UNION
    Similarity Rank: 154
    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 167
    HOMETRUST MORTGAGE COMPANY
    Similarity Rank: 176
    UNITED FINANCIAL Credit Union
    Similarity Rank: 300

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,318 $308,310,000 $233,923 $5,703 5.32%
    FHA 571 $105,455,000 $184,685 $9,019 5.19%
    USDA 170 $26,010,000 $153,000 $7,245 5.17%
    VA 94 $24,960,000 $265,532 $7,068 5.13%
    HELOC 1 $455,000 $455,000 n/a 5.38%

    For 2022, J. Virgil's most frequently originated type of loan was Conventional, with 1,318 originations. Their 2nd most popular type was FHA, with 571 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,831 $397,125,000 $216,890 $6,927 5.39%
    Home Improvement 151 $33,505,000 $221,887 $6,051 4.46%
    Refi 115 $23,245,000 $202,130 $5,238 4.11%
    Cash Out Refi 57 $11,315,000 $198,509 $6,666 5.80%

    For 2022, J. Virgil's most frequently cited loan purpose was Home Purchase, with 1,831 originations. The 2nd most popular reason was Home Improvement, with 151 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,084 $449,650,000 $215,763 $6,791 5.29%
    15 Year 49 $11,245,000 $229,490 $6,102 4.05%
    20 Year 11 $1,995,000 $181,364 $5,490 4.86%
    30+ year 5 $1,435,000 $287,000 $8,984 6.38%
    Other 3 $595,000 $198,333 $7,568 4.71%
    10 Year 2 $270,000 $135,000 $2,700 3.38%

    For 2022, J. Virgil's most frequently cited loan duration was 30 Year, with 2,084 originations. The 2nd most popular length was 15 Year, with 49 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 592 $127,600,000 $215,541
    $3k-4k 438 $80,190,000 $183,082
    $2k-3k 414 $73,620,000 $177,826
    $5k+ 367 $113,485,000 $309,223
    $4k-5k 275 $56,685,000 $206,127
    $<1k 61 $12,275,000 $201,230

    J. Virgil's average total fees were $6,791, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 592 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 790 $167,840,000 $212,456
    4-5% 461 $102,285,000 $221,876
    6-7% 432 $86,070,000 $199,236
    3-4% 348 $81,400,000 $233,908
    7-8% 96 $19,310,000 $201,146
    2.5-3% 24 $7,520,000 $313,333
    <2.5% 2 $460,000 $230,000
    Over 8% 1 $305,000 $305,000

    During 2022, J. Virgil's average interest rate for loans was 5.29%, while their most frequently originated rate bucket for loans was 5-6%, with 790 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 971 $144,845,000 $149,171 $6,011 5.34%
    $200k-400k 730 $200,040,000 $274,027 $8,031 5.26%
    $100,000 or less 262 $19,750,000 $75,382 $4,492 5.25%
    $400k-600k 146 $69,860,000 $478,493 $8,990 5.02%
    $600k-1MM 44 $28,830,000 $655,227 $8,650 4.71%
    $1MM+ 1 $1,865,000 $1,865,000 $12,256 3.88%

    2022 saw J. Virgil place emphasis on $100k-200k loans with 971 originations, totaling $144,845,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 625 $114,665,000 $183,464 $6,997 5.33%
    $50k or less 556 $67,570,000 $121,529 $5,583 5.15%
    $75k-100k 386 $87,430,000 $226,503 $7,212 5.32%
    $100k-150k 341 $99,245,000 $291,041 $7,396 5.31%
    $150k-250k 176 $66,390,000 $377,216 $7,155 5.14%
    $250k+ 67 $29,175,000 $435,448 $7,941 5.29%

    J. Virgil lent most frequently to those with incomes in the $50k-75k range, with 625 originations. The second most popular income band? $50k or less, with 556 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 409 $85,545,000 $209,156 $6,568 5.26%
    20-30% 382 $74,320,000 $194,555 $5,649 5.27%
    50-60% 170 $37,950,000 $223,235 $9,936 5.10%
    44% 101 $24,095,000 $238,564 $7,147 5.20%
    <20% 96 $18,760,000 $195,417 $5,426 4.95%
    40% 90 $19,650,000 $218,333 $6,815 5.36%
    41% 90 $19,890,000 $221,000 $6,800 5.40%
    42% 89 $21,465,000 $241,180 $7,286 5.31%
    43% 89 $20,275,000 $227,809 $6,610 5.11%
    38% 87 $20,205,000 $232,241 $6,694 5.45%
    39% 80 $16,320,000 $204,000 $6,566 5.30%
    45% 79 $17,695,000 $223,987 $7,202 5.11%
    49% 74 $17,380,000 $234,865 $7,301 5.53%
    36% 74 $15,020,000 $202,973 $6,125 5.30%
    37% 73 $16,845,000 $230,753 $6,293 5.46%
    47% 59 $11,915,000 $201,949 $6,555 5.16%
    48% 55 $15,225,000 $276,818 $6,875 5.28%
    46% 55 $12,235,000 $222,455 $7,930 5.49%
    >60% 1 $185,000 $185,000 $3,826 7.63%

    J. Virgil lent most frequently to those with DTI ratios of 30-36%, with 409 originations. The next most common DTI ratio? 20-30%, with 382 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,992 $429,220,000 $215,472 $6,734 5.27%
    Black 97 $19,235,000 $198,299 $7,295 5.29%
    Asian 29 $8,395,000 $289,483 $7,262 5.29%
    Not provided 15 $3,925,000 $261,667 $6,416 4.43%
    American Indian 19 $3,415,000 $179,737 $7,003 5.40%
    Asian Indian 1 $695,000 $695,000 $7,794 4.25%
    Native Hawaiian or Islander 1 $305,000 $305,000 $9,427 4.00%

    Approval Rates

    Total approvals of all applications
    98.90%

    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
    70.71%

    J. Virgil has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,154 $465,190,000 $215,966

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,154 $465,190,000 $215,966

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 45 $7,835,000 $174,111 $5,309 5.02%
    40-60% 115 $21,725,000 $188,913 $5,303 4.85%
    60-80% 469 $107,345,000 $228,881 $6,148 5.06%
    80-100% 1,495 $321,765,000 $215,227 $7,068 5.36%
    Over 100% 25 $6,205,000 $248,200 $10,812 5.35%
    Under 20% 5 $315,000 $63,000 $1,802 5.80%