Jet Homeloans Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300TYV7NDBX6FUR63

Tax ID: 82-2245447

4.6 stars - Updated: 4/5/25 - out of 5 stars, based on 54 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    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, Dallas, Houston, Orlando, and Austin among others. We have data for 38 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 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.

    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 6.70% 4/5/25
    30 Year Conventional Refi 6.63% 4/5/25
    30 Year Cash-out Refi 7.44% 4/5/25
    30 Year FHA Purchase 6.37% 4/5/25
    30 Year FHA Refi 5.69% 4/5/25
    30 Year VA Purchase 5.90% 4/5/25
    30 Year VA Refi 6.42% 4/5/25
    30 Year USDA Purchase 6.13% 4/5/25
    15 Year Conventional Purchase 6.14% 4/5/25
    15 Year VA Purchase 5.85% 4/5/25
    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

    2,876

    Origination Dollar Volume (All Markets)

    $1,263,530,000
    Show all (44) awards

    Relative Rate

    Jet Homeloans's average 30 year fixed mortgage rate was 6.1%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.45%.

    Relative Fees (Closing Costs)

    Jet Homeloans's average total fees/closing costs for a 30 year fixed rate mortgage were $10,143.

    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 $8,356.

    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) 571 $230,185,000 $403,126 $9,695 5.77%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 363 $188,215,000 $518,499 $10,884 6.43%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 311 $131,185,000 $421,817 $10,041 6.06%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 242 $114,300,000 $472,314 $10,030 6.27%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 203 $105,635,000 $520,369 $10,101 6.29%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 148 $71,670,000 $484,257 $11,458 6.27%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 102 $59,670,000 $585,000 $11,180 6.46%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 144 $56,250,000 $390,625 $9,999 6.16%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 73 $43,645,000 $597,877 $12,662 6.08%
    FAYETTEVILLE, NC (FHA|USDA|VA) 108 $37,510,000 $347,315 $12,710 6.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 77 $34,175,000 $443,831 $9,413 5.72%
    FORT COLLINS, CO (FHA|USDA|VA) 63 $26,185,000 $415,635 $7,189 5.80%
    RALEIGH-CARY, NC (FHA|USDA|VA) 59 $25,025,000 $424,153 $8,368 5.94%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 73 $23,885,000 $327,192 $8,466 5.90%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 95 $23,045,000 $242,579 $6,408 6.00%
    BOULDER, CO (FHA|USDA|VA) 33 $16,015,000 $485,303 $8,969 6.63%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 28 $11,640,000 $415,714 $9,586 6.28%
    JACKSONVILLE, NC (FHA|USDA|VA) 28 $9,320,000 $332,857 $11,162 5.78%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 25 $8,955,000 $358,200 $10,092 6.44%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 18 $7,030,000 $390,556 $10,125 5.83%
    SPARTANBURG, SC (FHA|USDA|VA) 18 $6,240,000 $346,667 $7,933 6.26%
    Sanford, NC (FHA|USDA|VA) 19 $6,225,000 $327,632 $10,833 6.12%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 18 $6,150,000 $341,667 $12,314 5.49%
    SAVANNAH, GA (FHA|USDA|VA) 15 $5,345,000 $356,333 $10,210 5.84%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 9 $3,725,000 $413,889 $9,249 5.37%
    GREELEY, CO (FHA|USDA|VA) 6 $2,370,000 $395,000 $10,267 6.92%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $1,975,000 $395,000 $5,990 6.95%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 4 $1,970,000 $492,500 $12,818 5.99%
    WINSTON-SALEM, NC (FHA|USDA|VA) 4 $1,680,000 $420,000 $8,738 7.25%
    Outside of Metro Areas 3 $865,000 $288,333 $9,792 6.04%
    Greenwood, SC (FHA|USDA|VA) 3 $805,000 $268,333 $7,768 7.17%
    ROCKY MOUNT, NC (FHA|USDA|VA) 2 $560,000 $280,000 $8,228 6.37%
    RICHMOND, VA (FHA|USDA|VA) 1 $555,000 $555,000 $5,376 6.88%
    Morehead City, NC (FHA|USDA|VA) 1 $385,000 $385,000 $16,408 6.63%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $365,000 $365,000 $0 7.50%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $295,000 $295,000 $4,395 7.13%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $275,000 $275,000 $9,123 6.75%
    Breckenridge, CO (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.99%
    Jet Homeloans's top markets include Jacksonville, Dallas, Houston, Orlando, and Austin among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • South Carolina (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.

    CAROLINA TRUST FEDERAL CREDIT UNION
    Similarity Rank: 96
    Mid-Atlantic Federal Credit Union
    Similarity Rank: 168
    Ent Credit Union
    Similarity Rank: 300
    NEST HOME LENDING, LLC
    Similarity Rank: 376
    FirstBank
    Similarity Rank: 440
    BROOKHOLLOW MORTGAGE SERVICES, LTD
    Similarity Rank: 504
    JAX
    Similarity Rank: 540
    Signal Financial Federal Credit Union
    Similarity Rank: 605
    CANVAS CREDIT UNION
    Similarity Rank: 620
    Piedmont Federal Savings Bank
    Similarity Rank: 627

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,688 $753,290,000 $446,262 $8,150 6.44%
    FHA 698 $293,540,000 $420,544 $13,936 5.57%
    VA 487 $215,725,000 $442,967 $10,751 5.68%
    USDA 3 $975,000 $325,000 $8,918 5.20%

    For 2024, Jet Homeloans's most frequently originated type of loan was Conventional, with 1,688 originations. Their 2nd most popular type was FHA, with 698 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,864 $1,258,240,000 $439,330 $10,108 6.10%
    Refi 9 $4,655,000 $517,222 $4,290 6.21%
    Cash Out Refi 3 $635,000 $211,667 $8,543 6.54%

    For 2024, Jet Homeloans's most frequently cited loan purpose was Home Purchase, with 2,864 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,800 $1,232,470,000 $440,168 $10,143 6.10%
    15 Year 61 $24,285,000 $398,115 $7,684 6.02%
    20 Year 11 $5,755,000 $523,182 $9,607 7.28%
    10 Year 3 $815,000 $271,667 $6,086 5.08%
    Other 1 $205,000 $205,000 $0 7.63%

    For 2024, Jet Homeloans's most frequently cited loan duration was 30 Year, with 2,800 originations. The 2nd most popular length was 15 Year, with 61 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,539 $679,105,000 $441,264
    $5k+ 650 $315,660,000 $485,631
    $<1k 163 $60,975,000 $374,080
    $3k-4k 141 $59,665,000 $423,156
    $2k-3k 140 $58,920,000 $420,857
    $4k-5k 129 $52,235,000 $404,922

    Jet Homeloans's average total fees were $10,143, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,539 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 877 $365,375,000 $416,619
    6-7% 755 $349,995,000 $463,570
    5-6% 684 $290,770,000 $425,102
    7-8% 530 $246,020,000 $464,189
    Over 8% 17 $6,995,000 $411,471
    3-4% 12 $4,360,000 $363,333
    <2.5% 1 $15,000 $15,000

    During 2024, Jet Homeloans's average interest rate for loans was 6.10%, while their most frequently originated rate bucket for loans was 4-5%, with 877 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 1,269 $620,045,000 $488,609 $10,976 6.08%
    $200k-400k 1,109 $359,995,000 $324,612 $8,881 5.96%
    $600k-1MM 378 $258,770,000 $684,577 $11,849 6.53%
    $100k-200k 108 $16,170,000 $149,722 $4,056 6.21%
    $1MM+ 7 $8,215,000 $1,173,571 $14,836 6.46%
    $100,000 or less 5 $335,000 $67,000 $2,512 5.05%

    2024 saw Jet Homeloans place emphasis on $400k-600k loans with 1,269 originations, totaling $620,045,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 956 $469,110,000 $490,701 $10,374 6.32%
    $100k-150k 913 $385,655,000 $422,404 $10,537 6.00%
    $75k-100k 414 $147,090,000 $355,290 $9,974 5.67%
    $250k+ 340 $190,750,000 $561,029 $10,286 6.57%
    $50k-75k 222 $64,120,000 $288,829 $7,763 5.63%
    $50k or less 27 $4,765,000 $176,481 $3,954 5.90%

    Jet Homeloans lent most frequently to those with incomes in the $150k-250k range, with 956 originations. The second most popular income band? $100k-150k, with 913 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 438 $188,030,000 $429,292 $12,975 5.62%
    30-36% 366 $158,780,000 $433,825 $9,509 6.18%
    20-30% 310 $128,180,000 $413,484 $8,952 6.23%
    49% 213 $96,975,000 $455,282 $9,681 6.22%
    48% 150 $64,340,000 $428,933 $9,771 6.11%
    47% 140 $60,860,000 $434,714 $9,302 5.96%
    44% 124 $57,090,000 $460,403 $9,027 6.30%
    42% 123 $54,645,000 $444,268 $10,055 6.28%
    46% 118 $55,710,000 $472,119 $10,069 6.42%
    43% 117 $51,655,000 $441,496 $10,014 5.98%
    45% 114 $51,740,000 $453,860 $9,682 6.15%
    41% 107 $45,815,000 $428,178 $9,563 5.97%
    40% 96 $47,120,000 $490,833 $10,467 6.23%
    37% 95 $43,855,000 $461,632 $10,103 6.35%
    39% 95 $43,495,000 $457,842 $9,998 6.25%
    38% 91 $41,575,000 $456,868 $10,106 6.17%
    36% 78 $34,710,000 $445,000 $9,402 6.16%
    <20% 71 $23,475,000 $330,634 $6,537 6.23%
    >60% 27 $13,705,000 $507,593 $9,887 5.89%

    Jet Homeloans lent most frequently to those with DTI ratios of 50-60%, with 438 originations. The next most common DTI ratio? 30-36%, with 366 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,488 $620,190,000 $416,794 $9,901 6.02%
    Asian 621 $308,985,000 $497,560 $9,949 6.40%
    Not provided 425 $190,825,000 $449,000 $10,187 6.09%
    Black 302 $126,100,000 $417,550 $10,996 5.93%
    American Indian 29 $12,625,000 $435,345 $10,658 5.54%
    Asian Indian 5 $2,585,000 $517,000 $11,971 5.54%
    Filipino 3 $1,275,000 $425,000 $14,215 5.04%
    Native Hawaiian or Islander 3 $945,000 $315,000 $11,029 6.20%

    Approval Rates

    Total approvals of all applications
    98.63%

    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
    87.45%

    Jet Homeloans has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,876 $1,263,530,000 $439,336

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,876 $1,263,530,000 $439,336

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 88 $15,590,000 $177,159 $4,581 6.22%
    40-60% 210 $68,080,000 $324,190 $6,863 6.37%
    60-80% 759 $340,835,000 $449,058 $8,809 6.42%
    80-100% 1,702 $793,260,000 $466,075 $10,795 5.95%
    Over 100% 100 $42,430,000 $424,300 $17,531 5.59%
    Under 20% 15 $2,025,000 $135,000 $3,757 6.02%