Jmj Financial Group Mortgage Rates, Fees & Info

ALISO VIEJO, CA

LEI: 549300XRXBA38J60S618

Tax ID: 33-0508282

2.5 stars - out of 5 stars, based on 52 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Jmj Financial Group is a small mortgage company specializing in Home Purchase and Refi loans. Jmj Financial Group has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, San Diego, Riverside, Boise City, and San Francisco among others. We have data for 83 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Jmj Financial Group 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. Jmj Financial Group 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 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 6.94% 12/4/22
    30 Year Conventional Refi 6.80% 12/4/22
    30 Year Cash-out Refi 7.04% 12/4/22
    30 Year FHA Purchase 7.61% 12/4/22
    30 Year FHA Refi 7.33% 12/4/22
    30 Year VA Purchase 6.47% 12/4/22
    30 Year VA Refi 6.17% 12/4/22
    15 Year Conventional Purchase 6.17% 12/4/22
    15 Year Conventional Refi 6.23% 12/4/22
    15 Year Cash-out Refi 6.23% 12/4/22
    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.


    Originations

    2,664

    Origination Dollar Volume (All Markets)

    $1,256,460,000

    Awards

    JMJ FINANCIAL GROUP FHA Loans gold
    Show all (1) awards

    Relative Rate

    Jmj Financial Group's average 30 year fixed mortgage rate was 3.09%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.06%.

    Relative Fees (Closing Costs)

    Jmj Financial Group's average total fees/closing costs for a 30 year fixed rate mortgage were $7,400.

    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 $4,750.

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1,241 $643,255,000 $518,336 $7,390 3.07%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 441 $233,565,000 $529,626 $8,674 2.98%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 503 $196,725,000 $391,103 $6,675 3.09%
    BOISE CITY, ID (FHA|USDA|VA) 88 $34,160,000 $388,182 $6,724 3.07%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 31 $16,705,000 $538,871 $5,386 3.14%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 27 $13,115,000 $485,741 $6,967 3.21%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 24 $8,880,000 $370,000 $5,704 3.08%
    PROVO-OREM, UT (FHA|USDA|VA) 23 $8,665,000 $376,739 $4,954 3.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 25 $7,285,000 $291,400 $5,432 3.10%
    BAKERSFIELD, CA (FHA|USDA|VA) 28 $7,220,000 $257,857 $5,764 3.21%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 16 $5,570,000 $348,125 $6,948 2.98%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 10 $5,380,000 $538,000 $7,776 2.94%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 14 $5,370,000 $383,571 $6,169 3.23%
    STOCKTON, CA (FHA|USDA|VA) 13 $5,045,000 $388,077 $5,793 3.19%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 7 $4,355,000 $622,143 $4,106 3.54%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 12 $4,130,000 $344,167 $6,424 3.31%
    MODESTO, CA (FHA|USDA|VA) 12 $3,700,000 $308,333 $6,141 3.00%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 10 $3,690,000 $369,000 $5,112 3.10%
    Outside of Metro Areas 7 $2,695,000 $385,000 $4,982 3.13%
    FRESNO, CA (FHA|USDA|VA) 7 $2,385,000 $340,714 $6,868 3.18%
    Outside of Metro Areas 14 $2,350,000 $167,857 $2,870 1.86%
    URBAN HONOLULU, HI (FHA|USDA|VA) 3 $2,255,000 $751,667 $6,805 3.13%
    SALINAS, CA (FHA|USDA|VA) 4 $2,200,000 $550,000 $4,595 3.06%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 3 $1,635,000 $545,000 $8,373 3.38%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $1,635,000 $545,000 $3,797 3.13%
    ST. GEORGE, UT (FHA|USDA|VA) 4 $1,480,000 $370,000 $6,240 3.97%
    SALT LAKE CITY, UT (FHA|USDA|VA) 4 $1,410,000 $352,500 $4,887 2.97%
    Hilo, HI (FHA|USDA|VA) 3 $1,375,000 $458,333 $5,494 3.58%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $1,280,000 $640,000 $16,187 2.88%
    Rexburg, ID (FHA|USDA|VA) 3 $1,155,000 $385,000 $10,645 3.17%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $1,155,000 $385,000 $4,015 2.83%
    REDDING, CA (FHA|USDA|VA) 4 $1,120,000 $280,000 $3,583 2.97%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $1,060,000 $265,000 $7,764 3.28%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $1,045,000 $348,333 $4,626 3.29%
    MERCED, CA (FHA|USDA|VA) 3 $995,000 $331,667 $3,546 2.96%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $970,000 $485,000 $6,724 3.00%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $925,000 $308,333 $5,402 2.71%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $900,000 $450,000 $4,171 2.81%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $875,000 $291,667 $3,440 2.79%
    Bozeman, MT (FHA|USDA|VA) 1 $845,000 $845,000 $14,962 3.50%
    Stephenville, TX (FHA|USDA|VA) 2 $780,000 $390,000 $8,446 3.44%
    MADERA, CA (FHA|USDA|VA) 2 $740,000 $370,000 $3,511 3.13%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $705,000 $705,000 $6,690 2.88%
    CHICO, CA (FHA|USDA|VA) 2 $670,000 $335,000 $4,674 3.19%
    RALEIGH-CARY, NC (FHA|USDA|VA) 2 $670,000 $335,000 $7,875 3.06%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $650,000 $325,000 $3,612 3.13%
    VISALIA, CA (FHA|USDA|VA) 2 $650,000 $325,000 $6,027 3.25%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $620,000 $310,000 $9,299 2.81%
    BEND, OR (FHA|USDA|VA) 2 $610,000 $305,000 $3,847 2.81%
    Heber, UT (FHA|USDA|VA) 1 $595,000 $595,000 $3,588 2.63%
    NAPA, CA (FHA|USDA|VA) 1 $545,000 $545,000 $2,810 3.13%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $545,000 $545,000 $4,228 2.88%
    VALLEJO, CA (FHA|USDA|VA) 1 $545,000 $545,000 $2,810 3.00%
    EL CENTRO, CA (FHA|USDA|VA) 2 $510,000 $255,000 $3,460 3.44%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $505,000 $505,000 $21,731 3.75%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $495,000 $495,000 $6,118 3.25%
    LONGVIEW, TX (FHA|USDA|VA) 1 $465,000 $465,000 $3,683 2.88%
    Aberdeen, WA (FHA|USDA|VA) 1 $445,000 $445,000 $2,991 3.25%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $415,000 $415,000 $4,211 3.00%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $405,000 $405,000 $5,236 3.88%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $405,000 $405,000 $4,203 3.00%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $385,000 $385,000 $5,177 2.75%
    OCALA, FL (FHA|USDA|VA) 2 $380,000 $190,000 $4,515 3.44%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $345,000 $345,000 $16,146 2.75%
    Coos Bay, OR (FHA|USDA|VA) 1 $345,000 $345,000 $8,330 2.25%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $345,000 $345,000 $4,936 3.63%
    Roseburg, OR (FHA|USDA|VA) 1 $335,000 $335,000 $7,679 3.63%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $335,000 $335,000 $6,655 3.00%
    TUCSON, AZ (FHA|USDA|VA) 1 $305,000 $305,000 $4,937 3.50%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $300,000 $150,000 $6,960 3.31%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $295,000 $295,000 $14,914 4.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $275,000 $275,000 $8,303 2.75%
    Red Bluff, CA (FHA|USDA|VA) 1 $255,000 $255,000 $4,358 3.25%
    Hailey, ID (FHA|USDA|VA) 1 $245,000 $245,000 $5,274 2.63%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $235,000 $235,000 $3,540 2.63%
    Sonora, CA (FHA|USDA|VA) 1 $235,000 $235,000 $3,690 3.63%
    IDAHO FALLS, ID (FHA|USDA|VA) 1 $225,000 $225,000 $7,247 2.63%
    JACKSON, TN (FHA|USDA|VA) 1 $215,000 $215,000 $4,086 3.13%
    Crossville, TN (FHA|USDA|VA) 1 $205,000 $205,000 $4,083 3.50%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $205,000 $205,000 $3,303 2.75%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $195,000 $195,000 $3,997 2.75%
    Alice, TX (FHA|USDA|VA) 1 $145,000 $145,000 $4,281 3.25%
    Blackfoot, ID (FHA|USDA|VA) 1 $125,000 $125,000 $3,921 3.00%
    Jmj Financial Group's top markets include Los Angeles, San Diego, Riverside, Boise City, and San Francisco among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Hawaii (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against JMJ FINANCIAL GROUP based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,338 $1,092,160,000 $467,134 $6,281 3.11%
    FHA 178 $86,860,000 $487,978 $15,579 2.89%
    VA 148 $77,440,000 $523,243 $11,996 2.58%

    For 2021, Jmj Financial Group's most frequently originated type of loan was Conventional, with 2,338 originations. Their 2nd most popular type was FHA, with 178 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,301 $681,225,000 $523,616 $9,573 3.07%
    Refi 816 $340,070,000 $416,752 $4,392 2.93%
    Cash Out Refi 547 $235,165,000 $429,918 $5,651 3.24%

    For 2021, Jmj Financial Group's most frequently cited loan purpose was Home Purchase, with 1,301 originations. The 2nd most popular reason was Refi, with 816 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,498 $1,202,070,000 $481,213 $7,400 3.09%
    15 Year 96 $30,860,000 $321,458 $4,464 2.63%
    20 Year 43 $14,245,000 $331,279 $4,319 2.75%
    Other 17 $6,025,000 $354,412 $4,313 2.89%
    10 Year 9 $1,795,000 $199,444 $3,560 2.63%
    30+ year 1 $1,465,000 $1,465,000 $19,006 3.75%

    For 2021, Jmj Financial Group's most frequently cited loan duration was 30 Year, with 2,498 originations. The 2nd most popular length was 15 Year, with 96 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,771 $818,235,000 $462,019
    $5k+ 359 $210,165,000 $585,418
    $2k-3k 220 $92,820,000 $421,909
    $3k-4k 174 $78,600,000 $451,724
    $4k-5k 129 $56,365,000 $436,938
    $<1k 11 $275,000 $25,000

    Jmj Financial Group's average total fees were $7,400, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,771 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,204 $582,570,000 $483,862
    2.5-3% 1,159 $535,225,000 $461,799
    <2.5% 237 $101,155,000 $426,814
    4-5% 54 $30,620,000 $567,037
    5-6% 7 $5,595,000 $799,286

    During 2021, Jmj Financial Group's average interest rate for loans was 3.09%, while their most frequently originated rate bucket for loans was 3-4%, with 1,204 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 1,076 $532,660,000 $495,037 $7,130 3.05%
    $200k-400k 893 $277,025,000 $310,218 $5,530 3.06%
    $600k-1MM 534 $385,520,000 $721,948 $10,253 3.11%
    $100k-200k 116 $18,470,000 $159,224 $4,138 3.04%
    $1MM+ 32 $42,380,000 $1,324,375 $19,110 3.63%
    $100,000 or less 13 $405,000 $31,154 $824 1.34%

    2021 saw Jmj Financial Group place emphasis on $400k-600k loans with 1,076 originations, totaling $532,660,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 863 $417,685,000 $483,992 $7,402 3.06%
    $150k-250k 646 $357,730,000 $553,762 $7,280 3.11%
    $75k-100k 449 $180,225,000 $401,392 $7,234 3.02%
    $50k-75k 325 $104,555,000 $321,708 $6,534 3.00%
    $250k+ 235 $144,295,000 $614,021 $8,065 3.15%
    $50k or less 138 $48,240,000 $349,565 $6,017 3.02%

    Jmj Financial Group lent most frequently to those with incomes in the $100k-150k range, with 863 originations. The second most popular income band? $150k-250k, with 646 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 424 $198,250,000 $467,571 $6,252 3.07%
    20-30% 383 $172,215,000 $449,648 $5,980 3.03%
    44% 160 $75,230,000 $470,188 $6,985 3.13%
    49% 151 $73,395,000 $486,060 $7,875 3.15%
    50-60% 137 $70,655,000 $515,730 $14,995 2.82%
    42% 125 $60,785,000 $486,280 $6,496 3.15%
    43% 119 $58,185,000 $488,950 $7,067 3.15%
    40% 113 $55,085,000 $487,478 $7,490 3.12%
    45% 113 $51,355,000 $454,469 $7,908 3.09%
    38% 104 $50,630,000 $486,827 $6,316 3.12%
    48% 99 $47,085,000 $475,606 $8,517 3.03%
    <20% 98 $41,060,000 $418,980 $5,685 2.99%
    36% 98 $41,950,000 $428,061 $5,768 2.99%
    41% 95 $49,315,000 $519,105 $6,795 3.17%
    39% 95 $46,815,000 $492,789 $6,619 3.08%
    47% 92 $42,950,000 $466,848 $8,065 3.09%
    37% 91 $42,225,000 $464,011 $6,409 2.95%
    46% 89 $40,835,000 $458,820 $7,226 3.04%
    >60% 11 $5,365,000 $487,727 $13,423 2.69%

    Jmj Financial Group lent most frequently to those with DTI ratios of 30-36%, with 424 originations. The next most common DTI ratio? 20-30%, with 383 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 1,543 $731,935,000 $474,358 $7,261 3.08%
    White 961 $445,425,000 $463,502 $7,065 3.05%
    Asian 110 $54,320,000 $493,818 $6,946 3.02%
    Black 37 $19,255,000 $520,405 $10,644 2.97%
    American Indian 8 $3,380,000 $422,500 $6,016 2.94%
    Native Hawaiian or Islander 4 $1,840,000 $460,000 $8,161 3.25%
    Chinese 1 $305,000 $305,000 $2,710 2.50%

    Approval Rates

    Total approvals of all applications
    98.56%

    Jmj Financial Group has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    74.92%

    Jmj Financial Group has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,664 $1,256,460,000 $471,644

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,664 $1,256,460,000 $471,644

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 173 $52,825,000 $305,347 $4,538 2.92%
    40-60% 482 $198,670,000 $412,178 $5,083 3.00%
    60-80% 1,025 $506,075,000 $493,732 $6,283 3.16%
    80-100% 902 $468,380,000 $519,268 $9,396 3.06%
    Over 100% 43 $24,905,000 $579,186 $20,793 2.59%
    Under 20% 39 $5,605,000 $143,718 $3,786 2.44%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    JAMES B. NUTTER & COMPANY Conventional home mortgage Incorrect information on your report 1 50.0%
    JAMES B. NUTTER & COMPANY Conventional home mortgage Struggling to pay mortgage 1 50.0%