J. Virgil Mortgage Rates, Fees & Info
FENTON, MILEI: 549300K3VE61PXPZDV51
Tax ID: 38-3434023
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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, Denver, Columbus, and Miami among others. We have data for 49 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.26% | 4/18/24 |
| 30 Year Conventional Purchase | 7.12% | 4/18/24 |
| 30 Year Conventional Refi | 6.80% | 4/18/24 |
| 30 Year Cash-out Refi | 6.98% | 4/18/24 |
| 30 Year FHA Purchase | 7.75% | 4/18/24 |
| 30 Year FHA Refi | 7.60% | 4/18/24 |
| 30 Year VA Purchase | 6.73% | 4/18/24 |
| 30 Year VA Refi | 5.91% | 4/18/24 |
| 30 Year USDA Purchase | 7.22% | 4/18/24 |
| 30 Year USDA Refi | 6.56% | 4/18/24 |
| 15 Year Conventional Purchase | 6.54% | 4/18/24 |
| 15 Year Conventional Refi | 6.42% | 4/18/24 |
| 15 Year Cash-out Refi | 6.42% | 4/18/24 |
| 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
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This is not an official calculator from J. Virgil. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,415Origination Dollar Volume (All Markets)
$225,375,000Awards
J. VIRGIL - 2018
J. VIRGIL is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 541 | $75,035,000 | $138,697 | $5,094 | 4.99% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 350 | $62,160,000 | $177,600 | $5,277 | 4.98% |
| Outside of Metro Areas | 112 | $12,950,000 | $115,625 | $5,350 | 5.04% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 33 | $11,075,000 | $335,606 | $5,621 | 4.96% |
| COLUMBUS, OH (FHA|USDA|VA) | 62 | $9,740,000 | $157,097 | $5,697 | 5.18% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 34 | $8,050,000 | $236,765 | $5,444 | 5.08% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 32 | $6,210,000 | $194,063 | $4,793 | 5.07% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 51 | $6,095,000 | $119,510 | $5,127 | 5.02% |
| Cadillac, MI (FHA|USDA|VA) | 42 | $4,670,000 | $111,190 | $5,781 | 5.02% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 22 | $4,660,000 | $211,818 | $7,080 | 4.97% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 15 | $4,405,000 | $293,667 | $6,804 | 5.26% |
| SAGINAW, MI (FHA|USDA|VA) | 27 | $3,105,000 | $115,000 | $4,975 | 5.15% |
| Traverse City, MI (FHA|USDA|VA) | 14 | $2,090,000 | $149,286 | $6,221 | 4.87% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 8 | $2,060,000 | $257,500 | $5,184 | 5.30% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 10 | $1,820,000 | $182,000 | $4,606 | 5.14% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $7,612 | 4.97% |
| Zanesville, OH (FHA|USDA|VA) | 6 | $850,000 | $141,667 | $6,795 | 5.21% |
| ANN ARBOR, MI (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $3,791 | 4.81% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $6,393 | 5.08% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $4,069 | 4.88% |
| MIDLAND, MI (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $6,086 | 4.81% |
| Ludington, MI (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $7,419 | 4.91% |
| Cañon City, CO (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $6,008 | 5.25% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,442 | 5.31% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,314 | 5.13% |
| JACKSON, MI (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $9,908 | 4.31% |
| BAY CITY, MI (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $6,670 | 4.92% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $10,658 | 4.88% |
| Alma, MI (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $5,246 | 5.00% |
| Adrian, MI (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,925 | 4.63% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,594 | 5.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,548 | 5.13% |
| MONROE, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $11,073 | 5.25% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,246 | 5.13% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,410 | 4.88% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,793 | 4.88% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,514 | 4.88% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,733 | 5.50% |
| NILES, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,326 | 5.13% |
| Athens, OH (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $5,339 | 5.19% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,227 | 4.88% |
| OCALA, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,394 | 4.75% |
| Cambridge, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,338 | 4.75% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,163 | 4.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,098 | 5.00% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,434 | 5.00% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,941 | 5.13% |
| Escanaba, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,158 | 5.25% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,660 | 5.25% |
Similar Lenders
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Product Mix
For 2018, J. Virgil's most frequently originated type of loan was Conventional, with 667 originations. Their 2nd most popular type was FHA, with 431 originations.
Loan Reason
For 2018, J. Virgil's most frequently cited loan purpose was Home Purchase, with 1,254 originations. The 2nd most popular reason was Cash Out Refi, with 90 originations.
Loan Duration/Length
For 2018, J. Virgil's most frequently cited loan duration was 30 Year, with 1,367 originations. The 2nd most popular length was 15 Year, with 37 originations.
Origination Fees/Closing Costs
J. Virgil's average total fees were $5,368, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 445 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 724 | $122,250,000 | $168,854 |
| 5-6% | 657 | $96,455,000 | $146,811 |
| 3-4% | 31 | $6,195,000 | $199,839 |
| 6-7% | 3 | $475,000 | $158,333 |
During 2018, J. Virgil's average interest rate for loans was 5.03%, while their most frequently originated rate bucket for loans was 4-5%, with 724 originations.
Loan Sizing
2018 saw J. Virgil place emphasis on $100k-200k loans with 756 originations, totaling $109,590,000 in origination value.
Applicant Income
J. Virgil lent most frequently to those with incomes in the $50k or less range, with 524 originations. The second most popular income band? $50k-75k, with 461 originations.
Applicant Debt to Income Ratio
J. Virgil lent most frequently to those with DTI ratios of 20-30%, with 256 originations. The next most common DTI ratio? 30-36%, with 248 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.61%
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 origination81.77%
J. Virgil has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,415 | $225,375,000 | $159,276 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 33 | $3,915,000 | $118,636 |
| Single Family (1-4 Units):Site-Built | 1,382 | $221,460,000 | $160,246 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Jefferson Title Corporation | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |