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, The Villages, St. Marys, and Orlando among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Jax has a below 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% 12/2/24
    30 Year Conventional Refi 6.79% 12/2/24
    30 Year Cash-out Refi 7.24% 12/2/24
    15 Year Conventional Purchase 6.68% 12/2/24
    15 Year Conventional Refi 6.54% 12/2/24
    15 Year Cash-out Refi 6.54% 12/2/24
    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

    327

    Origination Dollar Volume (All Markets)

    $38,315,000

    Awards

    JAX 30 Year Conventional Loans gold
    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) 312 $35,990,000 $115,353 $1,668 5.15%
    Outside of Metro Areas 5 $595,000 $119,000 $2,123 4.60%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $510,000 $127,500 $1,997 5.20%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $405,000 $405,000 $5,029 3.63%
    St. Marys, GA (FHA|USDA|VA) 1 $315,000 $315,000 $6,060 5.38%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,919 3.50%
    Palatka, FL (FHA|USDA|VA) 1 $125,000 $125,000 $8,310 6.00%
    OCALA, FL (FHA|USDA|VA) 1 $115,000 $115,000 $3,664 4.13%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $35,000 $35,000 $443 4.10%
    Jax's top markets include Jacksonville, Tampa, The Villages, St. Marys, and Orlando 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: 688
    SPACE COAST Credit Union
    Similarity Rank: 1025
    COMMUNITY FIRST CREDIT UNION OF FLO
    Similarity Rank: 1071
    JAX
    Similarity Rank: 1260
    United Nations Federal Credit Union
    Similarity Rank: 2268
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 2280
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 3159
    121 FINANCIAL
    Similarity Rank: 3720
    FAIRWINDS CREDIT UNION
    Similarity Rank: 5461
    VYSTAR
    Similarity Rank: 5940

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 327 $38,315,000 $117,171 $1,732 5.13%

    For 2022, Jax's most frequently originated type of loan was Conventional, with 327 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 273 $26,935,000 $98,663 $1,180 5.21%
    Home Purchase 33 $8,415,000 $255,000 $5,655 5.27%
    Refi 20 $2,860,000 $143,000 $2,842 3.85%
    Home Improvement 1 $105,000 $105,000 $924 4.10%

    For 2022, Jax's most frequently cited loan purpose was Cash Out Refi, with 273 originations. The 2nd most popular reason was Home Purchase, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 82 $5,810,000 $70,854 $616 4.71%
    20 Year 79 $7,285,000 $92,215 $888 5.64%
    30 Year 76 $17,340,000 $228,158 $4,611 4.99%
    15 Year 75 $7,305,000 $97,400 $1,171 5.30%
    5 Year 10 $380,000 $38,000 $506 4.49%
    Other 5 $195,000 $39,000 $468 4.59%

    For 2022, Jax's most frequently cited loan duration was 10 Year, with 82 originations. The 2nd most popular length was 20 Year, with 79 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 313 $34,595,000 $110,527
    $5k+ 8 $2,340,000 $292,500
    $1k-2k 2 $390,000 $195,000
    $2k-3k 2 $550,000 $275,000
    $3k-4k 2 $440,000 $220,000

    Jax's average total fees were $4,611, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 313 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 104 $12,640,000 $121,538
    5-6% 96 $9,710,000 $101,146
    6-7% 59 $5,915,000 $100,254
    3-4% 50 $7,750,000 $155,000
    7-8% 10 $1,330,000 $133,000
    2.5-3% 7 $945,000 $135,000
    Over 8% 1 $25,000 $25,000

    During 2022, Jax's average interest rate for loans was 4.99%, while their most frequently originated rate bucket for loans was 4-5%, with 104 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 197 $10,945,000 $55,558 $614 5.25%
    $100k-200k 77 $10,655,000 $138,377 $2,367 4.99%
    $200k-400k 46 $13,200,000 $286,957 $4,849 4.94%
    $400k-600k 5 $2,145,000 $429,000 $5,943 4.58%
    $600k-1MM 2 $1,370,000 $685,000 $5,203 3.50%

    2022 saw Jax place emphasis on $100,000 or less loans with 197 originations, totaling $10,945,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 87 $9,135,000 $105,000 $1,420 5.10%
    $75k-100k 70 $8,230,000 $117,571 $1,946 5.20%
    $50k-75k 61 $5,595,000 $91,721 $1,552 5.09%
    $150k-250k 53 $7,865,000 $148,396 $1,677 5.21%
    $50k or less 43 $4,005,000 $93,140 $1,991 5.04%
    $250k+ 12 $3,440,000 $286,667 $3,085 4.98%

    Jax lent most frequently to those with incomes in the $100k-150k range, with 87 originations. The second most popular income band? $75k-100k, with 70 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 73 $9,025,000 $123,630 $2,236 5.10%
    20-30% 68 $7,750,000 $113,971 $2,016 5.14%
    <20% 37 $3,615,000 $97,703 $1,121 4.43%
    39% 19 $2,395,000 $126,053 $1,374 5.33%
    42% 15 $1,815,000 $121,000 $1,553 5.30%
    45% 15 $2,075,000 $138,333 $1,837 5.15%
    44% 13 $1,145,000 $88,077 $896 5.72%
    36% 12 $1,480,000 $123,333 $1,358 5.37%
    37% 11 $1,565,000 $142,273 $1,636 5.43%
    38% 11 $1,245,000 $113,182 $1,463 5.20%
    43% 10 $1,310,000 $131,000 $1,746 5.05%
    41% 10 $690,000 $69,000 $1,076 5.77%
    47% 7 $835,000 $119,286 $1,729 5.37%
    48% 7 $1,185,000 $169,286 $2,021 4.55%
    46% 6 $470,000 $78,333 $1,770 5.08%
    49% 6 $1,010,000 $168,333 $2,501 5.77%
    40% 4 $190,000 $47,500 $585 4.99%
    50-60% 3 $515,000 $171,667 $1,053 4.66%

    Jax lent most frequently to those with DTI ratios of 30-36%, with 73 originations. The next most common DTI ratio? 20-30%, with 68 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 228 $26,380,000 $115,702 $1,662 5.11%
    Not provided 45 $5,455,000 $121,222 $1,830 5.16%
    Black 49 $5,105,000 $104,184 $1,749 5.23%
    Asian 4 $1,330,000 $332,500 $4,732 4.61%
    Native Hawaiian or Islander 1 $45,000 $45,000 $443 3.25%

    Approval Rates

    Total approvals of all applications
    69.35%

    Jax has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    78.59%

    Jax has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 327 $38,315,000 $117,171

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    327 $38,315,000 $117,171

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 83 $8,405,000 $101,265 $1,220 5.08%
    40-60% 35 $6,205,000 $177,286 $2,932 4.57%
    60-80% 37 $9,005,000 $243,378 $3,910 4.71%
    80-100% 21 $6,285,000 $299,286 $6,550 5.44%
    Under 20% 151 $8,415,000 $55,728 $532 5.34%