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, San Diego, Riverside, San Francisco, and Sacramento among others. We have data for 41 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.87% | 11/21/24 |
| 30 Year Conventional Refi | 6.44% | 11/21/24 |
| 30 Year Cash-out Refi | 6.89% | 11/21/24 |
| 30 Year FHA Purchase | 7.30% | 11/21/24 |
| 30 Year FHA Refi | 7.10% | 11/21/24 |
| 30 Year VA Purchase | 6.22% | 11/21/24 |
| 30 Year VA Refi | 5.58% | 11/21/24 |
| 15 Year Conventional Purchase | 6.10% | 11/21/24 |
| 15 Year Conventional Refi | 6.39% | 11/21/24 |
| 15 Year Cash-out Refi | 6.39% | 11/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
986Origination Dollar Volume (All Markets)
$460,620,000Top 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) | 341 | $176,775,000 | $518,402 | $9,417 | 4.92% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 362 | $174,780,000 | $482,818 | $8,753 | 4.73% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 177 | $61,295,000 | $346,299 | $8,451 | 4.92% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 21 | $17,745,000 | $845,000 | $15,225 | 5.89% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 7 | $3,185,000 | $455,000 | $8,271 | 5.36% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 8 | $2,230,000 | $278,750 | $6,314 | 4.75% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $1,770,000 | $885,000 | $7,397 | 4.75% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $1,710,000 | $427,500 | $8,269 | 4.59% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $1,680,000 | $420,000 | $11,927 | 4.78% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 3 | $1,615,000 | $538,333 | $6,372 | 4.79% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $1,485,000 | $495,000 | $18,299 | 5.50% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $1,460,000 | $365,000 | $10,256 | 4.59% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,320,000 | $660,000 | $5,133 | 5.44% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $6,714 | 4.88% |
| Hilo, HI (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $5,177 | 4.38% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $3,389 | 4.56% |
| Bozeman, MT (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $6,832 | 5.03% |
| PROVO-OREM, UT (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $4,842 | 4.97% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $4,665 | 5.44% |
| MERCED, CA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $7,039 | 5.00% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $5,275 | 4.50% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,458 | 4.69% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,243 | 4.38% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $4,995 | 5.25% |
| Outside of Metro Areas | 5 | $485,000 | $97,000 | $1,042 | 2.90% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $16,505 | 4.38% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,742 | 4.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $13,639 | 5.63% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $12,598 | 4.63% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $7,216 | 5.75% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $9,506 | 4.88% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,762 | 4.75% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,109 | 4.50% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,065 | 5.50% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,714 | 5.25% |
| CHICO, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,095 | 4.75% |
| Outside of Metro Areas | 1 | $195,000 | $195,000 | $4,386 | 5.50% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,584 | 5.25% |
| NAPA, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,738 | 4.63% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,364 | 5.00% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,914 | 5.25% |
Similar Lenders
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Product Mix
For 2018, Jmj Financial Group's most frequently originated type of loan was Conventional, with 753 originations. Their 2nd most popular type was FHA, with 156 originations.
Loan Reason
For 2018, Jmj Financial Group's most frequently cited loan purpose was Home Purchase, with 785 originations. The 2nd most popular reason was Refi, with 130 originations.
Loan Duration/Length
For 2018, Jmj Financial Group's most frequently cited loan duration was 30 Year, with 970 originations. The 2nd most popular length was 15 Year, with 11 originations.
Origination Fees/Closing Costs
Jmj Financial Group's average total fees were $8,953, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 551 originations.
Interest Rates
During 2018, Jmj Financial Group's average interest rate for loans was 4.87%, while their most frequently originated rate bucket for loans was 4-5%, with 669 originations.
Loan Sizing
2018 saw Jmj Financial Group place emphasis on $400k-600k loans with 394 originations, totaling $188,380,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 986 | $460,620,000 | $467,160 | $8,915 | 4.86% |
Jmj Financial Group lent most frequently to those with incomes in the $50k or less range, with 986 originations.
Applicant Debt to Income Ratio
Jmj Financial Group lent most frequently to those with DTI ratios of 30-36%, with 137 originations. The next most common DTI ratio? 50-60%, with 105 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.28%
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 origination64.30%
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 | 986 | $460,620,000 | $467,160 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 986 | $460,620,000 | $467,160 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| JAMES B. NUTTER & COMPANY | Conventional home mortgage | Struggling to pay mortgage | 1 | 12.5% |
| JAMES B. NUTTER & COMPANY | FHA mortgage | Trouble during payment process | 1 | 12.5% |
| JAMES B. NUTTER & COMPANY | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 12.5% |
| JAMES B. NUTTER & COMPANY | Other type of mortgage | Closing on a mortgage | 1 | 12.5% |
| JAMES B. NUTTER & COMPANY | Reverse mortgage | Closing on a mortgage | 2 | 25.0% |
| JAMES B. NUTTER & COMPANY | Reverse mortgage | Trouble during payment process | 2 | 25.0% |