Jax Mortgage Rates, Fees & Info

Jacksonville, FL

LEI: 549300WKOE38PNUSOD49

Tax ID: 59-0650052

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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

    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, Tampa, Atlanta, Tallahassee, and Deltona 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. Jax is typically a low 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 6.94% 4/28/24
    30 Year Conventional Refi 6.79% 4/28/24
    30 Year Cash-out Refi 7.24% 4/28/24
    15 Year Conventional Purchase 6.68% 4/28/24
    15 Year Conventional Refi 6.54% 4/28/24
    15 Year Cash-out Refi 6.54% 4/28/24
    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

    346

    Origination Dollar Volume (All Markets)

    $52,230,000

    Awards

    JAX 30 Year Conventional Loans silver
    Show all (1) awards

    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) 333 $50,385,000 $151,306 $2,204 4.99%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $450,000 $225,000 $2,506 4.00%
    Outside of Metro Areas 2 $380,000 $190,000 $1,925 5.06%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $265,000 $265,000 $3,707 4.63%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $185,000 $185,000 $2,943 3.75%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,218 4.13%
    OCALA, FL (FHA|USDA|VA) 2 $170,000 $85,000 $1,923 4.81%
    Lake City, FL (FHA|USDA|VA) 1 $75,000 $75,000 $2,108 5.25%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $55,000 $55,000 $2,535 4.00%
    Palatka, FL (FHA|USDA|VA) 1 $45,000 $45,000 $2,418 4.38%
    Key West, FL (FHA|USDA|VA) 1 $45,000 $45,000 $433 6.25%
    Jax's top markets include Jacksonville, Tampa, Atlanta, Tallahassee, and Deltona among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • 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.

    Suncoast Credit Union
    Similarity Rank: 874
    JAX
    Similarity Rank: 1078
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 1216
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1554
    COMMUNITY FIRST CREDIT UNION OF FLO
    Similarity Rank: 1692
    IVY MORTGAGE, INC.
    Similarity Rank: 1976
    VYSTAR
    Similarity Rank: 2184
    RBC Bank, (Georgia)
    Similarity Rank: 2198
    EQUITY RESOURCES, INC.
    Similarity Rank: 3024
    FAIR WAY LENDING LLC
    Similarity Rank: 3150

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 346 $52,230,000 $150,954 $2,205 4.97%

    For 2019, Jax's most frequently originated type of loan was Conventional, with 346 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 163 $19,125,000 $117,331 $1,733 5.35%
    Home Purchase 105 $21,545,000 $205,190 $2,943 4.48%
    Refi 49 $10,235,000 $208,878 $3,100 3.74%
    Home Improvement 28 $1,280,000 $45,714 $682 6.73%
    Other 1 $45,000 $45,000 $438 5.75%

    For 2019, Jax's most frequently cited loan purpose was Cash Out Refi, with 163 originations. The 2nd most popular reason was Home Purchase, with 105 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 173 $36,325,000 $209,971 $3,094 4.34%
    15 Year 65 $7,965,000 $122,538 $1,749 5.53%
    10 Year 57 $3,245,000 $56,930 $638 5.42%
    20 Year 42 $4,380,000 $104,286 $1,715 5.91%
    5 Year 9 $315,000 $35,000 $624 5.90%

    For 2019, Jax's most frequently cited loan duration was 30 Year, with 173 originations. The 2nd most popular length was 15 Year, with 65 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 344 $51,710,000 $150,320
    $1k-2k 1 $145,000 $145,000

    Jax's average total fees were $3,094, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 344 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 112 $24,280,000 $216,786
    4-5% 100 $17,720,000 $177,200
    6-7% 50 $3,710,000 $74,200
    5-6% 49 $4,335,000 $88,469
    7-8% 31 $1,675,000 $54,032
    2.5-3% 2 $430,000 $215,000
    Over 8% 2 $80,000 $40,000

    During 2019, Jax's average interest rate for loans was 4.34%, while their most frequently originated rate bucket for loans was 3-4%, with 112 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 148 $8,170,000 $55,203 $1,055 5.93%
    $100k-200k 100 $15,100,000 $151,000 $2,574 4.40%
    $200k-400k 87 $23,745,000 $272,931 $3,444 4.13%
    $400k-600k 10 $4,580,000 $458,000 $4,406 3.95%
    $600k-1MM 1 $635,000 $635,000 $5,688 4.00%

    2019 saw Jax place emphasis on $100,000 or less loans with 148 originations, totaling $8,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 102 $16,770,000 $164,412 $2,227 5.09%
    $75k-100k 65 $9,695,000 $149,154 $2,225 4.96%
    $50k-75k 60 $7,920,000 $132,000 $2,111 4.87%
    $50k or less 57 $5,445,000 $95,526 $2,064 4.63%
    $150k-250k 50 $9,310,000 $186,200 $2,278 5.21%
    $250k+ 12 $3,090,000 $257,500 $2,743 5.22%

    Jax lent most frequently to those with incomes in the $100k-150k range, with 102 originations. The second most popular income band? $75k-100k, with 65 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 81 $13,715,000 $169,321 $2,373 4.82%
    30-36% 78 $11,050,000 $141,667 $1,962 5.24%
    <20% 32 $5,000,000 $156,250 $2,377 4.22%
    37% 21 $2,935,000 $139,762 $1,942 5.25%
    43% 18 $3,230,000 $179,444 $2,926 4.44%
    40% 15 $2,365,000 $157,667 $2,390 4.87%
    36% 14 $1,510,000 $107,857 $1,974 5.36%
    44% 12 $2,080,000 $173,333 $2,654 4.98%
    42% 11 $1,645,000 $149,545 $2,169 5.47%
    41% 11 $1,485,000 $135,000 $2,117 5.29%
    39% 10 $1,360,000 $136,000 $1,949 4.99%
    50-60% 9 $1,125,000 $125,000 $1,797 5.23%
    46% 8 $1,530,000 $191,250 $2,660 4.77%
    48% 7 $905,000 $129,286 $1,794 4.60%
    47% 6 $800,000 $133,333 $1,796 5.71%
    38% 5 $335,000 $67,000 $1,336 5.85%
    45% 4 $620,000 $155,000 $2,297 5.13%
    49% 3 $435,000 $145,000 $2,313 4.96%

    Jax lent most frequently to those with DTI ratios of 20-30%, with 81 originations. The next most common DTI ratio? 30-36%, with 78 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 258 $39,390,000 $152,674 $2,219 4.94%
    Not provided 33 $4,995,000 $151,364 $2,188 5.22%
    Black 31 $3,845,000 $124,032 $1,989 5.11%
    Asian 11 $1,855,000 $168,636 $2,360 4.58%
    Not applicable 7 $1,005,000 $143,571 $2,093 5.59%
    Asian Indian 4 $840,000 $210,000 $2,535 4.50%
    Vietnamese 2 $300,000 $150,000 $2,888 4.38%

    Approval Rates

    Total approvals of all applications
    86.12%

    Jax has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.92%

    Jax has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 346 $52,230,000 $150,954

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 10 $920,000 $92,000
    Single Family (1-4 Units):Site-Built 336 $51,310,000 $152,708

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $2,705,000 $65,976 $872 5.90%
    40-60% 45 $7,635,000 $169,667 $2,674 3.93%
    60-80% 81 $16,795,000 $207,346 $3,052 4.17%
    80-100% 102 $21,670,000 $212,451 $3,026 4.51%
    Under 20% 75 $3,365,000 $44,867 $660 6.51%