Jmj Financial Group Mortgage Rates, Fees & Info
ALISO VIEJO, CALEI: 549300XRXBA38J60S618
Tax ID: 33-0508282
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Mortgage Data
Review & Overview
Jmj Financial Group is a smaller mortgage company specializing in Home Purchase 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, Riverside, San Diego, Boise City, and Las Vegas among others. We have data for 63 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 relatively high 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 | 6.87% | 11/17/24 |
| 30 Year Conventional Refi | 6.44% | 11/17/24 |
| 30 Year Cash-out Refi | 6.89% | 11/17/24 |
| 30 Year FHA Purchase | 7.30% | 11/17/24 |
| 30 Year FHA Refi | 7.10% | 11/17/24 |
| 30 Year VA Purchase | 6.22% | 11/17/24 |
| 30 Year VA Refi | 5.58% | 11/17/24 |
| 15 Year Conventional Purchase | 6.10% | 11/17/24 |
| 15 Year Conventional Refi | 6.39% | 11/17/24 |
| 15 Year Cash-out Refi | 6.39% | 11/17/24 |
| 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. | ||
Jmj Financial Group Mortgage Calculator
Your Estimates
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This is not an official calculator from Jmj Financial Group. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
617Origination Dollar Volume (All Markets)
$319,285,000Relative Rate
Jmj Financial Group's average 30 year fixed mortgage rate was
6.82%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.34%.
Relative Fees (Closing Costs)
Jmj Financial Group's average total fees/closing costs for a 30 year fixed rate
mortgage were $14,372.
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 $9,089.
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) | 285 | $171,835,000 | $602,930 | $15,302 | 6.78% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 88 | $40,250,000 | $457,386 | $14,600 | 6.76% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 62 | $39,520,000 | $637,419 | $17,791 | 6.78% |
| BOISE CITY, ID (FHA|USDA|VA) | 50 | $20,110,000 | $402,200 | $11,836 | 6.87% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 15 | $5,015,000 | $334,333 | $10,682 | 6.78% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 6 | $2,920,000 | $486,667 | $15,458 | 6.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $2,675,000 | $382,143 | $11,198 | 6.77% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 9 | $2,365,000 | $262,778 | $9,011 | 7.08% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,790,000 | $895,000 | $23,660 | 6.56% |
| FORT COLLINS, CO (FHA|USDA|VA) | 4 | $1,640,000 | $410,000 | $8,519 | 5.94% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 7 | $1,585,000 | $226,429 | $9,729 | 7.48% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 5 | $1,475,000 | $295,000 | $8,883 | 8.50% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,440,000 | $360,000 | $9,137 | 6.63% |
| Outside of Metro Areas | 5 | $1,305,000 | $261,000 | $7,354 | 7.55% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $1,140,000 | $570,000 | $17,163 | 6.56% |
| BEND, OR (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $7,253 | 6.63% |
| TWIN FALLS, ID (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $18,142 | 8.38% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $17,948 | 7.63% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $3,806 | 6.38% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $11,168 | 10.13% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $16,045 | 6.50% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $8,352 | 6.94% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $6,879 | 7.13% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $7,301 | 7.96% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $20,324 | 6.63% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $7,201 | 6.47% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $19,948 | 5.50% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $40,513 | 5.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $7,136 | 7.75% |
| SALEM, OR (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $20,761 | 8.75% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $23,487 | 6.88% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $13,084 | 6.63% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $18,706 | 6.13% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $10,946 | 6.25% |
| Outside of Metro Areas | 1 | $545,000 | $545,000 | $25,796 | 6.13% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $8,349 | 9.71% |
| RENO, NV (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $9,017 | 6.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $8,281 | 7.38% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $13,522 | 8.50% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $5,605 | 7.00% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $17,334 | 7.75% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $9,878 | 6.25% |
| La Grande, OR (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $18,586 | 5.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,946 | 6.13% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $5,508 | 7.13% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $10,935 | 6.75% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $10,426 | 7.38% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $13,584 | 6.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,509 | 6.88% |
| Wilson, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $20,352 | 6.25% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,262 | 6.38% |
| Ontario, OR-ID (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,614 | 7.38% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $11,002 | 6.13% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,209 | 11.99% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,424 | 6.50% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $16,116 | 5.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,177 | 7.50% |
| Weatherford, OK (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,688 | 7.50% |
| Alice, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,266 | 7.50% |
| MERCED, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,567 | 10.63% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,175 | 6.63% |
| NAPA, CA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,580 | 11.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,449 | 7.13% |
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
For 2023, Jmj Financial Group's most frequently originated type of loan was Conventional, with 453 originations. Their 2nd most popular type was FHA, with 102 originations.
Loan Reason
For 2023, Jmj Financial Group's most frequently cited loan purpose was Home Purchase, with 533 originations. The 2nd most popular reason was Cash Out Refi, with 60 originations.
Loan Duration/Length
For 2023, Jmj Financial Group's most frequently cited loan duration was 30 Year, with 601 originations. The 2nd most popular length was 15 Year, with 9 originations.
Origination Fees/Closing Costs
Jmj Financial Group's average total fees were $14,372, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 375 originations.
Interest Rates
During 2023, Jmj Financial Group's average interest rate for loans was 6.82%, while their most frequently originated rate bucket for loans was 6-7%, with 277 originations.
Loan Sizing
2023 saw Jmj Financial Group place emphasis on $400k-600k loans with 217 originations, totaling $107,845,000 in origination value.
Applicant Income
Jmj Financial Group lent most frequently to those with incomes in the $150k-250k range, with 202 originations. The second most popular income band? $100k-150k, with 173 originations.
Applicant Debt to Income Ratio
Jmj Financial Group lent most frequently to those with DTI ratios of 30-36%, with 75 originations. The next most common DTI ratio? 50-60%, with 75 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.25%
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 origination66.61%
Jmj Financial Group has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 617 | $319,285,000 | $517,480 |