Jet Homeloans Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300TYV7NDBX6FUR63
Tax ID: 82-2245447
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Mortgage Data
Review & Overview
Jet Homeloans is a smaller 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, Washington, Austin, and Deltona among others. We have data for 48 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.00% | 12/16/24 |
| 30 Year Conventional Refi | 6.87% | 12/16/24 |
| 30 Year Cash-out Refi | 6.97% | 12/16/24 |
| 30 Year FHA Purchase | 7.55% | 12/16/24 |
| 30 Year FHA Refi | 6.63% | 12/16/24 |
| 30 Year VA Purchase | 6.50% | 12/16/24 |
| 30 Year USDA Purchase | 7.48% | 12/16/24 |
| 15 Year Conventional Purchase | 6.34% | 12/16/24 |
| 15 Year FHA Purchase | 7.57% | 12/16/24 |
| 15 Year VA Purchase | 6.50% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,243Origination Dollar Volume (All Markets)
$722,205,000Top 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) | 1,169 | $360,715,000 | $308,567 | $6,841 | 3.20% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 250 | $97,120,000 | $388,480 | $6,294 | 3.20% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 114 | $61,100,000 | $535,965 | $7,767 | 3.02% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 89 | $29,425,000 | $330,618 | $7,478 | 3.22% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 96 | $27,710,000 | $288,646 | $6,956 | 3.30% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 93 | $27,595,000 | $296,720 | $5,498 | 3.13% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 76 | $21,070,000 | $277,237 | $5,739 | 3.15% |
| SAVANNAH, GA (FHA|USDA|VA) | 70 | $18,300,000 | $261,429 | $6,736 | 3.08% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 55 | $15,385,000 | $279,727 | $7,916 | 3.14% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 61 | $15,245,000 | $249,918 | $7,604 | 3.30% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 45 | $10,785,000 | $239,667 | $5,851 | 3.22% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 21 | $6,165,000 | $293,571 | $7,111 | 3.12% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 8 | $4,030,000 | $503,750 | $7,511 | 3.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 16 | $3,930,000 | $245,625 | $4,024 | 3.27% |
| GREELEY, CO (FHA|USDA|VA) | 7 | $2,905,000 | $415,000 | $4,396 | 3.05% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $2,500,000 | $416,667 | $4,631 | 3.02% |
| Outside of Metro Areas | 7 | $2,155,000 | $307,857 | $4,479 | 3.28% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 6 | $1,990,000 | $331,667 | $5,228 | 3.21% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $1,825,000 | $365,000 | $4,637 | 2.87% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,170,000 | $195,000 | $6,865 | 3.10% |
| Sanford, NC (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $5,931 | 3.12% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $5,382 | 3.45% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $6,450 | 3.62% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $4,109 | 2.54% |
| St. Marys, GA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $4,430 | 2.88% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $4,256 | 3.31% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $7,073 | 3.13% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,824 | 3.13% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $12,909 | 2.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,340 | 2.25% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,172 | 2.38% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,134 | 3.25% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $17,741 | 3.25% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,885 | 4.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $12,314 | 2.50% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,871 | 3.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $10,952 | 2.99% |
| Palatka, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,213 | 3.38% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,133 | 3.38% |
| Laurinburg, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,252 | 3.13% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,814 | 3.25% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,637 | 2.99% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,890 | 3.25% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,886 | 3.38% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,825 | 3.38% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,454 | 4.74% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,755 | 3.13% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,815 | 2.99% |
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Product Mix
For 2021, Jet Homeloans's most frequently originated type of loan was Conventional, with 1,540 originations. Their 2nd most popular type was VA, with 356 originations.
Loan Reason
For 2021, Jet Homeloans's most frequently cited loan purpose was Home Purchase, with 2,104 originations. The 2nd most popular reason was Refi, with 82 originations.
Loan Duration/Length
For 2021, Jet Homeloans's most frequently cited loan duration was 30 Year, with 2,104 originations. The 2nd most popular length was 15 Year, with 113 originations.
Origination Fees/Closing Costs
Jet Homeloans's average total fees were $6,863, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,193 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,351 | $422,695,000 | $312,876 |
| 2.5-3% | 749 | $253,985,000 | $339,099 |
| <2.5% | 105 | $36,105,000 | $343,857 |
| 4-5% | 38 | $9,420,000 | $247,895 |
During 2021, Jet Homeloans's average interest rate for loans was 3.21%, while their most frequently originated rate bucket for loans was 3-4%, with 1,351 originations.
Loan Sizing
2021 saw Jet Homeloans place emphasis on $200k-400k loans with 1,511 originations, totaling $451,825,000 in origination value.
Applicant Income
Jet Homeloans lent most frequently to those with incomes in the $100k-150k range, with 584 originations. The second most popular income band? $75k-100k, with 522 originations.
Applicant Debt to Income Ratio
Jet Homeloans lent most frequently to those with DTI ratios of 30-36%, with 398 originations. The next most common DTI ratio? 20-30%, with 389 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.66%
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 origination77.08%
Jet Homeloans has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,243 | $722,205,000 | $321,982 |