Jax Mortgage Rates, Fees & Info
Jacksonville, FLLEI: 549300WKOE38PNUSOD49
Tax ID: 59-0650052
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Jax is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Jax has a high proportion of conventional loans. Their top markets by origination volume include: Jacksonville, Port St. Lucie, Pensacola, The Villages, and Palatka among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Jax 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.
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 | 6.94% | 11/21/24 |
| 30 Year Conventional Refi | 6.79% | 11/21/24 |
| 30 Year Cash-out Refi | 7.24% | 11/21/24 |
| 15 Year Conventional Purchase | 6.68% | 11/21/24 |
| 15 Year Conventional Refi | 6.54% | 11/21/24 |
| 15 Year Cash-out Refi | 6.54% | 11/21/24 |
| 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. | ||
Jax Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Jax. 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
278Origination Dollar Volume (All Markets)
$30,060,000Top 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) | 266 | $28,890,000 | $108,609 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Palatka, FL (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Lake City, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against JAX based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 614
Similarity Rank: 936
Similarity Rank: 945
Similarity Rank: 988
Similarity Rank: 1272
Similarity Rank: 1380
Similarity Rank: 1974
Similarity Rank: 2080
Similarity Rank: 2310
Similarity Rank: 2872
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 278 | $30,060,000 | $108,129 | $0 | 0.00% |
For 2018, Jax's most frequently originated type of loan was Conventional, with 278 originations.
Loan Reason
For 2018, Jax's most frequently cited loan purpose was Cash Out Refi, with 129 originations. The 2nd most popular reason was Home Improvement, with 60 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 278 | $30,060,000 | $108,129 | $0 | 0.00% |
For 2018, Jax's most frequently cited loan duration was Other, with 278 originations.
Loan Sizing
2018 saw Jax place emphasis on $100,000 or less loans with 172 originations, totaling $8,730,000 in origination value.
Applicant Income
Jax lent most frequently to those with incomes in the $100k-150k range, with 66 originations. The second most popular income band? $50k-75k, with 66 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 278 | $30,060,000 | $108,129 | $0 | 0.00% |
Jax lent most frequently to those with DTI ratios of Exempt%, with 278 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.58%
Jax has a below average approval rate.
Pick Rate
Approvals leading to origination81.29%
Jax has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 278 | $30,060,000 | $108,129 |