Jet Direct Funding Corp Mortgage Rates, Fees & Info
DOVER, DELEI: 549300U4FBW37LFHW771
Tax ID: 20-5614029
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Mortgage Data
Review & Overview
Jet Direct Funding Corp is a smaller mortgage company specializing in Home Purchase loans. Jet Direct Funding Corp has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: New York, Bridgeport, Los Angeles, Sacramento, and Poughkeepsie among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)Jet Direct Funding Corp has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Jet Direct Funding Corp 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.75% | 11/11/24 |
| 30 Year Conventional Refi | 6.62% | 11/11/24 |
| 30 Year Cash-out Refi | 6.64% | 11/11/24 |
| 30 Year FHA Purchase | 7.34% | 11/11/24 |
| 30 Year FHA Refi | 7.13% | 11/11/24 |
| 30 Year VA Purchase | 6.14% | 11/11/24 |
| 15 Year Conventional Purchase | 6.46% | 11/11/24 |
| 15 Year Conventional Refi | 5.95% | 11/11/24 |
| 15 Year Cash-out Refi | 5.95% | 11/11/24 |
| 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 Direct Funding Corp Mortgage Calculator
Your Estimates
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This is not an official calculator from Jet Direct Funding Corp. 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
314Origination Dollar Volume (All Markets)
$156,710,000Relative Rate
Jet Direct Funding Corp's average 30 year fixed mortgage rate was
6.78%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.3%.
Relative Fees (Closing Costs)
Jet Direct Funding Corp's average total fees/closing costs for a 30 year fixed rate
mortgage were $19,318.
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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 248 | $132,890,000 | $535,847 | $20,426 | 6.78% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 9 | $3,945,000 | $438,333 | $17,363 | 6.49% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $2,225,000 | $741,667 | $17,253 | 6.42% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $1,670,000 | $417,500 | $13,956 | 6.47% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 3 | $1,395,000 | $465,000 | $24,253 | 6.58% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $1,340,000 | $670,000 | $32,404 | 6.38% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $1,325,000 | $441,667 | $17,452 | 6.88% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $15,528 | 6.59% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $10,234 | 7.13% |
| Outside of Metro Areas | 4 | $980,000 | $245,000 | $10,156 | 7.38% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $9,178 | 6.38% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $6,563 | 6.58% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $14,756 | 6.50% |
| Torrington, CT (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $8,789 | 6.63% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $12,485 | 6.25% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $15,402 | 7.63% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $10,870 | 7.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $17,247 | 5.99% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $13,063 | 7.25% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $17,486 | 7.25% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $14,389 | 7.25% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,345 | 7.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $13,106 | 6.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,983 | 6.63% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,929 | 6.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,591 | 7.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 7.63% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,265 | 6.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $10,655 | 7.50% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,015 | 7.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,793 | 6.25% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.50% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against JET DIRECT FUNDING CORP based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 15
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Product Mix
For 2023, Jet Direct Funding Corp's most frequently originated type of loan was Conventional, with 183 originations. Their 2nd most popular type was FHA, with 126 originations.
Loan Reason
For 2023, Jet Direct Funding Corp's most frequently cited loan purpose was Home Purchase, with 294 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.
Loan Duration/Length
For 2023, Jet Direct Funding Corp's most frequently cited loan duration was 30 Year, with 311 originations. The 2nd most popular length was 15 Year, with 2 originations.
Origination Fees/Closing Costs
Jet Direct Funding Corp's average total fees were $19,318, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 257 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 196 | $98,640,000 | $503,265 |
| 7-8% | 93 | $45,825,000 | $492,742 |
| 5-6% | 24 | $11,660,000 | $485,833 |
| Over 8% | 1 | $585,000 | $585,000 |
During 2023, Jet Direct Funding Corp's average interest rate for loans was 6.78%, while their most frequently originated rate bucket for loans was 6-7%, with 196 originations.
Loan Sizing
2023 saw Jet Direct Funding Corp place emphasis on $400k-600k loans with 138 originations, totaling $68,980,000 in origination value.
Applicant Income
Jet Direct Funding Corp lent most frequently to those with incomes in the $100k-150k range, with 135 originations. The second most popular income band? $150k-250k, with 98 originations.
Applicant Debt to Income Ratio
Jet Direct Funding Corp lent most frequently to those with DTI ratios of 50-60%, with 64 originations. The next most common DTI ratio? 49%, with 51 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.55%
Jet Direct Funding Corp has an average approval rate.
Pick Rate
Approvals leading to origination65.29%
Jet Direct Funding Corp has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 314 | $156,710,000 | $499,076 |