Jfk Financial Mortgage Rates, Fees & Info

Las Vegas, NV

LEI: 549300PX0B48R1TGUV89

Tax ID: 20-3388468

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Jfk Financial is a smaller mortgage company specializing in Home Purchase loans. Jfk Financial has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Jfk Financial has a low ratio of conventional loans. Their top markets by origination volume include: Las Vegas, Pahrump, Los Angeles, Riverside, and Portland among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Jfk Financial has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Jfk Financial 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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    Originations

    319

    Origination Dollar Volume (All Markets)

    $76,585,000

    Awards

    JFK Financial FHA Loans silver
    Show all (1) awards

    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
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 305 $73,305,000 $240,344 $5,436 4.47%
    Pahrump, NV (FHA|USDA|VA) 6 $1,230,000 $205,000 $5,205 4.31%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $610,000 $305,000 $6,514 4.19%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $525,000 $175,000 $7,195 3.63%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $415,000 $415,000 $3,862 4.00%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $285,000 $285,000 $3,456 3.63%
    Outside of Metro Areas 1 $215,000 $215,000 $6,454 6.25%
    Jfk Financial's top markets include Las Vegas, Pahrump, Los Angeles, Riverside, and Portland among others.

    Their top states include:
  • Nevada (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)

    • Similar Lenders

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

    SIMPLIFI MORTGAGE, LLC
    Similarity Rank: 288
    Nevada Mortgage Inc.
    Similarity Rank: 401
    ALOHA PACIFIC
    Similarity Rank: 695
    Credit Union 1
    Similarity Rank: 850
    SILVER STATE SCHOOLS SERVICE COMPANY, LLC
    Similarity Rank: 966
    Firefighters First Federal Credit Union
    Similarity Rank: 1425
    ONE NEVADA CREDIT UNION
    Similarity Rank: 1680
    MID AMERICA MORTGAGE, INC.
    Similarity Rank: 1976
    JFK Financial Inc.
    Similarity Rank: 2156
    Fremont Bank
    Similarity Rank: 2700

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 166 $39,590,000 $238,494 $4,355 4.65%
    FHA 134 $31,870,000 $237,836 $6,746 4.20%
    VA 11 $3,285,000 $298,636 $6,335 4.01%
    HELOC 4 $520,000 $130,000 n/a 6.31%
    FHA 2 $560,000 $280,000 $0 3.88%
    VA 1 $475,000 $475,000 $0 4.13%
    Conventional 1 $285,000 $285,000 $3,103 5.50%

    For 2019, Jfk Financial's most frequently originated type of loan was Conventional, with 166 originations. Their 2nd most popular type was FHA, with 134 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 202 $50,360,000 $249,307 $5,068 4.47%
    Cash Out Refi 63 $12,615,000 $200,238 $6,523 4.53%
    Refi 53 $13,485,000 $254,434 $5,638 4.27%
    Home Improvement 1 $125,000 $125,000 $0 7.25%

    For 2019, Jfk Financial's most frequently cited loan purpose was Home Purchase, with 202 originations. The 2nd most popular reason was Cash Out Refi, with 63 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 306 $73,890,000 $241,471 $5,469 4.47%
    15 Year 7 $1,195,000 $170,714 $5,089 3.95%
    Other 3 $835,000 $278,333 $3,977 4.21%
    20 Year 2 $390,000 $195,000 $5,598 4.13%
    30+ year 1 $275,000 $275,000 $4,082 4.13%

    For 2019, Jfk Financial's most frequently cited loan duration was 30 Year, with 306 originations. The 2nd most popular length was 15 Year, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 93 $22,675,000 $243,817
    $1k-2k 87 $20,755,000 $238,563
    $3k-4k 33 $6,965,000 $211,061
    $2k-3k 32 $7,010,000 $219,063
    $5k+ 21 $6,065,000 $288,810
    $4k-5k 17 $4,035,000 $237,353

    Jfk Financial's average total fees were $5,469, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 93 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 183 $43,495,000 $237,678
    3-4% 90 $22,630,000 $251,444
    5-6% 39 $9,575,000 $245,513
    6-7% 4 $420,000 $105,000
    7-8% 2 $360,000 $180,000
    Over 8% 1 $105,000 $105,000

    During 2019, Jfk Financial's average interest rate for loans was 4.47%, while their most frequently originated rate bucket for loans was 4-5%, with 183 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 211 $55,525,000 $263,152 $5,768 4.35%
    $100k-200k 88 $14,230,000 $161,705 $4,788 4.63%
    $400k-600k 15 $6,495,000 $433,000 $5,032 4.63%
    $100,000 or less 5 $335,000 $67,000 $4,280 5.10%

    2019 saw Jfk Financial place emphasis on $200k-400k loans with 211 originations, totaling $55,525,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 129 $25,865,000 $200,504 $5,223 4.37%
    $50k-75k 104 $26,080,000 $250,769 $5,657 4.50%
    $75k-100k 43 $11,745,000 $273,140 $5,142 4.37%
    $100k-150k 34 $10,050,000 $295,588 $5,958 4.48%
    $150k-250k 7 $2,235,000 $319,286 $5,434 5.14%
    $250k+ 2 $610,000 $305,000 $9,365 6.50%

    Jfk Financial lent most frequently to those with incomes in the $50k or less range, with 129 originations. The second most popular income band? $50k-75k, with 104 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 50 $11,130,000 $222,600 $5,076 4.43%
    50-60% 48 $11,690,000 $243,542 $6,941 4.20%
    20-30% 19 $4,625,000 $243,421 $4,542 4.29%
    47% 18 $4,660,000 $258,889 $5,403 4.34%
    44% 18 $4,090,000 $227,222 $4,595 4.65%
    38% 17 $4,545,000 $267,353 $5,537 4.51%
    49% 17 $4,495,000 $264,412 $4,936 4.53%
    <20% 17 $4,125,000 $242,647 $6,070 4.15%
    46% 16 $3,720,000 $232,500 $5,703 4.69%
    43% 14 $3,070,000 $219,286 $4,312 4.54%
    39% 13 $2,735,000 $210,385 $4,993 4.63%
    48% 12 $2,590,000 $215,833 $6,307 4.39%
    >60% 10 $2,620,000 $262,000 $6,126 4.46%
    45% 9 $2,475,000 $275,000 $4,133 4.61%
    36% 9 $1,805,000 $200,556 $4,859 4.84%
    41% 8 $2,010,000 $251,250 $3,742 4.72%
    40% 8 $2,520,000 $315,000 $6,625 4.88%
    42% 7 $1,505,000 $215,000 $5,774 4.50%
    37% 7 $1,525,000 $217,857 $4,978 4.64%

    Jfk Financial lent most frequently to those with DTI ratios of 30-36%, with 50 originations. The next most common DTI ratio? 50-60%, with 48 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 267 $62,705,000 $234,850 $5,407 4.48%
    Asian 39 $10,255,000 $262,949 $5,250 4.29%
    Black 8 $2,430,000 $303,750 $7,518 4.38%
    Not provided 3 $655,000 $218,333 $5,891 4.63%
    Native Hawaiian or Islander 2 $540,000 $270,000 $5,702 4.00%

    Approval Rates

    Total approvals of all applications
    98.46%

    Jfk Financial 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
    99.69%

    Jfk Financial has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 319 $76,585,000 $240,078

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $475,000 $158,333
    Single Family (1-4 Units):Site-Built 316 $76,110,000 $240,854

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $235,000 $78,333 $4,776 4.96%
    40-60% 15 $2,655,000 $177,000 $5,296 4.66%
    60-80% 69 $15,155,000 $219,638 $5,284 4.58%
    80-100% 228 $57,740,000 $253,246 $5,455 4.38%
    Over 100% 2 $630,000 $315,000 $12,020 4.31%
    Under 20% 2 $170,000 $85,000 $0 6.88%