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

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Los Angeles, San Diego, Riverside, Boise City, and San Francisco among others. Jmj Financial Group has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Jmj Financial Group is typically a high fee lendor.


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 rate mortgage of loans were 3.09%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.06%.

Relative Fees

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

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

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.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average 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 the 2021 period, Jmj Financial Group's most frequently originated loan type of loans were Conventional, with 2,338 originations. Their 2nd most popular type is FHA, with 178 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average 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 the 2021, Jmj Financial Group's most frequently cited loan purpose of loans were Home Purchase, with 1,301 originations. The 2nd most popular reason of loans were 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 the 2021, Jmj Financial Group's most frequently cited loan length of loans were 30 Year, with 2,498 originations. The 2nd most popular length of loans were 15 Year, with 96 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,771 $818,235,000 $462,019
$5k+ 359 $210,165,000 $585,418
$3k-4k 303 $134,965,000 $445,429
$2k-3k 220 $92,820,000 $421,909
$<1k 11 $275,000 $25,000

$7,400 of loans were Jmj Financial Group's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.09%, while their most frequently originated rate bucket of loans were 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 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
97.56%

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
75.55%

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%