Jet Homeloans Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300TYV7NDBX6FUR63

Tax ID: 82-2245447

5 stars - Updated: 6/16/24 - out of 5 stars, based on 56 reviews

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

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Mortgage Data

Review & Overview

Jet Homeloans is a small mortgage company specializing in Home Purchase loans. Jet Homeloans has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Jacksonville, Orlando, Austin, Dallas, and Washington among others. We have data for 36 markets. (Some data included below & more in-depth data is available with an active subscription.)

Jet Homeloans 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. Jet Homeloans is typically a high 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
30 Year Conventional Purchase 7.00% 6/16/24
30 Year Conventional Refi 6.87% 6/16/24
30 Year Cash-out Refi 6.97% 6/16/24
30 Year FHA Purchase 7.55% 6/16/24
30 Year FHA Refi 6.63% 6/16/24
30 Year VA Purchase 6.50% 6/16/24
30 Year USDA Purchase 7.48% 6/16/24
15 Year Conventional Purchase 6.34% 6/16/24
15 Year FHA Purchase 7.57% 6/16/24
15 Year VA Purchase 6.50% 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.

Jet Homeloans Mortgage Calculator






Your Estimates

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

This is not an official calculator from Jet Homeloans. 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

3,144

Origination Dollar Volume (All Markets)

$1,296,060,000
Show all (36) awards

Relative Rate

Jet Homeloans's average 30 year fixed mortgage rate was 6.31%.

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

This yields a difference of -0.17%.

Relative Fees (Closing Costs)

Jet Homeloans's average total fees/closing costs for a 30 year fixed rate mortgage were $9,570.

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
JACKSONVILLE, FL (FHA|USDA|VA) 859 $334,225,000 $389,086 $8,937 6.07%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 437 $207,215,000 $474,176 $10,017 6.87%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 187 $87,075,000 $465,642 $11,085 5.97%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 157 $84,535,000 $538,439 $12,599 6.13%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 131 $77,065,000 $588,282 $9,821 6.10%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 147 $72,275,000 $491,667 $9,694 6.55%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 149 $63,155,000 $423,859 $10,634 6.21%
FAYETTEVILLE, NC (FHA|USDA|VA) 186 $59,460,000 $319,677 $9,450 6.11%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 147 $56,455,000 $384,048 $8,756 6.36%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 150 $38,100,000 $254,000 $7,563 6.53%
FORT COLLINS, CO (FHA|USDA|VA) 58 $27,700,000 $477,586 $7,769 6.09%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 73 $27,295,000 $373,904 $9,436 6.54%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 61 $20,235,000 $331,721 $8,688 6.89%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 62 $18,300,000 $295,161 $10,277 6.40%
SAVANNAH, GA (FHA|USDA|VA) 59 $18,255,000 $309,407 $8,698 6.69%
BOULDER, CO (FHA|USDA|VA) 32 $17,110,000 $534,688 $9,001 6.62%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 55 $16,765,000 $304,818 $8,317 6.20%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 33 $14,395,000 $436,212 $9,915 6.00%
RALEIGH-CARY, NC (FHA|USDA|VA) 39 $13,805,000 $353,974 $8,233 6.10%
JACKSONVILLE, NC (FHA|USDA|VA) 31 $10,625,000 $342,742 $10,295 6.15%
WILMINGTON, NC (FHA|USDA|VA) 18 $7,120,000 $395,556 $9,020 5.91%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 16 $6,160,000 $385,000 $8,317 6.14%
ROCKY MOUNT, NC (FHA|USDA|VA) 15 $4,325,000 $288,333 $8,251 6.20%
Sanford, NC (FHA|USDA|VA) 10 $3,030,000 $303,000 $8,342 6.67%
WINSTON-SALEM, NC (FHA|USDA|VA) 8 $2,920,000 $365,000 $8,732 6.45%
GREELEY, CO (FHA|USDA|VA) 5 $2,245,000 $449,000 $12,568 6.22%
Outside of Metro Areas 8 $1,940,000 $242,500 $8,037 6.31%
Lake City, FL (FHA|USDA|VA) 2 $1,000,000 $500,000 $17,930 6.81%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $620,000 $310,000 $11,454 5.87%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $465,000 $465,000 $13,875 7.38%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $445,000 $445,000 $11,979 7.63%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $415,000 $415,000 $14,527 6.75%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $405,000 $405,000 $6,650 6.00%
ABILENE, TX (FHA|USDA|VA) 1 $355,000 $355,000 $12,843 5.49%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $295,000 $295,000 $7,419 7.49%
THE VILLAGES, FL (FHA|USDA|VA) 1 $275,000 $275,000 $11,259 7.88%
Jet Homeloans's top markets include Jacksonville, Orlando, Austin, Dallas, and Washington among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Similar Lenders

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

    SCIENT Federal Credit Union
    Similarity Rank: 110
    Piedmont Federal Savings Bank
    Similarity Rank: 300
    Ent Credit Union
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    NEST HOME LENDING, LLC
    Similarity Rank: 403
    IDB Global Federal Credit Union
    Similarity Rank: 416
    PREMIER MEMBERS CREDIT UNION
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    Elevations Credit Union
    Similarity Rank: 450
    ORLANDO CREDIT UNION
    Similarity Rank: 459
    Coastline Federal Credit Union
    Similarity Rank: 574

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,829 $754,255,000 $412,387 $8,000 6.55%
    FHA 663 $268,735,000 $405,332 $13,763 5.97%
    VA 646 $271,380,000 $420,093 $9,194 5.96%
    USDA 6 $1,690,000 $281,667 $8,950 6.04%

    For 2023, Jet Homeloans's most frequently originated type of loan was Conventional, with 1,829 originations. Their 2nd most popular type was FHA, with 663 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,132 $1,292,110,000 $412,551 $9,537 6.31%
    Cash Out Refi 7 $1,825,000 $260,714 $8,484 6.50%
    Refi 5 $2,125,000 $425,000 $5,927 6.69%

    For 2023, Jet Homeloans's most frequently cited loan purpose was Home Purchase, with 3,132 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,076 $1,274,610,000 $414,373 $9,570 6.31%
    15 Year 56 $17,230,000 $307,679 $8,125 5.92%
    20 Year 7 $2,645,000 $377,857 $6,486 6.71%
    10 Year 3 $625,000 $208,333 $4,134 6.79%
    Other 2 $950,000 $475,000 $11,565 5.43%

    For 2023, Jet Homeloans's most frequently cited loan duration was 30 Year, with 3,076 originations. The 2nd most popular length was 15 Year, with 56 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,335 $577,125,000 $432,303
    $5k+ 923 $403,895,000 $437,589
    $<1k 389 $139,465,000 $358,522
    $3k-4k 128 $43,910,000 $343,047
    $4k-5k 117 $40,915,000 $349,701
    $2k-3k 109 $43,665,000 $400,596

    Jet Homeloans's average total fees were $9,570, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,335 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 1,290 $546,140,000 $423,364
    6-7% 968 $386,790,000 $399,576
    7-8% 575 $230,845,000 $401,470
    4-5% 241 $101,685,000 $421,929
    Over 8% 67 $30,055,000 $448,582
    3-4% 3 $545,000 $181,667

    During 2023, Jet Homeloans's average interest rate for loans was 6.31%, while their most frequently originated rate bucket for loans was 5-6%, with 1,290 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,401 $442,175,000 $315,614 $8,506 6.32%
    $400k-600k 1,251 $606,395,000 $484,728 $10,536 6.23%
    $600k-1MM 332 $222,220,000 $669,337 $12,321 6.43%
    $100k-200k 140 $21,740,000 $155,286 $4,264 6.59%
    $100,000 or less 18 $1,340,000 $74,444 $2,585 6.73%
    $1MM+ 2 $2,190,000 $1,095,000 $6,677 7.37%

    2023 saw Jet Homeloans place emphasis on $200k-400k loans with 1,401 originations, totaling $442,175,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,100 $448,630,000 $407,845 $9,736 6.22%
    $150k-250k 935 $446,275,000 $477,299 $9,872 6.43%
    $75k-100k 528 $177,190,000 $335,587 $9,260 6.17%
    $250k+ 296 $150,910,000 $509,831 $10,427 6.66%
    $50k-75k 262 $69,530,000 $265,382 $7,642 6.11%
    $50k or less 23 $3,525,000 $153,261 $5,155 6.52%

    Jet Homeloans lent most frequently to those with incomes in the $100k-150k range, with 1,100 originations. The second most popular income band? $150k-250k, with 935 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 478 $202,290,000 $423,201 $12,529 5.99%
    30-36% 401 $160,795,000 $400,985 $8,540 6.32%
    20-30% 354 $127,950,000 $361,441 $7,677 6.36%
    48% 208 $90,340,000 $434,327 $9,434 6.44%
    49% 200 $86,580,000 $432,900 $9,950 6.30%
    47% 156 $65,620,000 $420,641 $9,214 6.46%
    45% 153 $65,615,000 $428,856 $8,666 6.35%
    46% 137 $58,965,000 $430,401 $9,161 6.25%
    43% 133 $56,315,000 $423,421 $9,253 6.34%
    44% 133 $59,125,000 $444,549 $9,606 6.43%
    39% 111 $48,685,000 $438,604 $9,151 6.35%
    41% 109 $46,195,000 $423,807 $10,117 6.42%
    42% 107 $44,225,000 $413,318 $10,100 6.42%
    40% 97 $37,955,000 $391,289 $7,927 6.48%
    38% 95 $39,705,000 $417,947 $10,069 6.37%
    37% 93 $36,665,000 $394,247 $9,243 6.35%
    <20% 74 $24,570,000 $332,027 $6,414 6.45%
    36% 66 $26,160,000 $396,364 $8,519 6.33%
    >60% 39 $18,305,000 $469,359 $11,329 6.07%

    Jet Homeloans lent most frequently to those with DTI ratios of 50-60%, with 478 originations. The next most common DTI ratio? 30-36%, with 401 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,641 $639,495,000 $389,698 $9,175 6.35%
    Asian 497 $231,705,000 $466,207 $9,521 6.33%
    Not provided 546 $230,330,000 $421,850 $9,688 6.26%
    Black 411 $173,395,000 $421,886 $10,721 6.17%
    American Indian 26 $11,010,000 $423,462 $10,880 6.20%
    Asian Indian 13 $6,165,000 $474,231 $7,933 6.64%
    Native Hawaiian or Islander 5 $1,755,000 $351,000 $10,666 5.84%
    Other Asian 3 $1,575,000 $525,000 $10,435 7.04%
    Chinese 2 $630,000 $315,000 $2,484 7.18%

    Approval Rates

    Total approvals of all applications
    97.11%

    Jet Homeloans 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
    72.11%

    Jet Homeloans has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,144 $1,296,060,000 $412,233

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,144 $1,296,060,000 $412,233

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 89 $15,745,000 $176,910 $4,106 6.63%
    40-60% 202 $54,040,000 $267,525 $6,215 6.49%
    60-80% 734 $296,600,000 $404,087 $8,630 6.56%
    80-100% 1,895 $845,005,000 $445,913 $9,910 6.21%
    Over 100% 206 $82,950,000 $402,670 $14,715 5.92%
    Under 20% 18 $1,720,000 $95,556 $2,736 6.90%