Jmj Financial Group Mortgage Rates, Fees & Info

ALISO VIEJO, CA

LEI: 549300XRXBA38J60S618

Tax ID: 33-0508282

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
  • Complaints
  • 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

    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.

    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% 4/22/24
    30 Year Conventional Refi 6.44% 4/22/24
    30 Year Cash-out Refi 6.89% 4/22/24
    30 Year FHA Purchase 7.30% 4/22/24
    30 Year FHA Refi 7.10% 4/22/24
    30 Year VA Purchase 6.22% 4/22/24
    30 Year VA Refi 5.58% 4/22/24
    15 Year Conventional Purchase 6.10% 4/22/24
    15 Year Conventional Refi 6.39% 4/22/24
    15 Year Cash-out Refi 6.39% 4/22/24
    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

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Jmj Financial Group. 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

    986

    Origination Dollar Volume (All Markets)

    $460,620,000

    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) 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%
    Jmj Financial Group's top markets include Los Angeles, San Diego, Riverside, San Francisco, and Sacramento among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Hawaii (FHA|USDA|VA)
  • Washington (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.

    Maui County Federal Credit Union
    Similarity Rank: 51
    MYPOINT Credit Union
    Similarity Rank: 55
    American Savings Bank, FSB
    Similarity Rank: 76
    Central Pacific Bank
    Similarity Rank: 95
    SAFE 1 CREDIT UNION
    Similarity Rank: 96
    Bank of Hawaii
    Similarity Rank: 116
    Montecito Bank & Trust
    Similarity Rank: 126
    First Hawaiian Bank
    Similarity Rank: 160
    FRONTWAVE
    Similarity Rank: 176
    CBC Federal Credit Union
    Similarity Rank: 189

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 753 $358,275,000 $475,797 $7,399 4.91%
    FHA 156 $65,080,000 $417,179 $13,938 4.78%
    VA 77 $37,265,000 $483,961 $13,528 4.60%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 785 $366,975,000 $467,484 $9,412 4.82%
    Refi 130 $61,530,000 $473,308 $6,051 4.91%
    Cash Out Refi 71 $32,115,000 $452,324 $8,579 5.22%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 970 $454,400,000 $468,454 $8,953 4.87%
    15 Year 11 $3,325,000 $302,273 $6,636 4.26%
    20 Year 3 $1,025,000 $341,667 $4,932 4.17%
    30+ year 2 $1,870,000 $935,000 $9,086 5.70%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 551 $252,185,000 $457,686
    $5k+ 190 $107,620,000 $566,421
    $2k-3k 113 $47,895,000 $423,850
    $3k-4k 72 $31,210,000 $433,472
    $4k-5k 50 $19,760,000 $395,200
    $<1k 10 $1,950,000 $195,000

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 669 $311,215,000 $465,194
    5-6% 253 $108,055,000 $427,095
    3-4% 31 $16,145,000 $520,806
    6-7% 22 $21,260,000 $966,364
    <2.5% 6 $70,000 $11,667
    7-8% 5 $3,875,000 $775,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 394 $188,380,000 $478,122 $9,118 4.84%
    $200k-400k 347 $110,235,000 $317,680 $7,753 4.85%
    $600k-1MM 162 $113,780,000 $702,346 $11,004 4.92%
    $100k-200k 47 $7,595,000 $161,596 $5,392 4.98%
    $1MM+ 29 $40,485,000 $1,396,034 $15,996 5.20%
    $100,000 or less 7 $145,000 $20,714 $940 2.93%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 137 $68,795,000 $502,153 $8,015 4.82%
    50-60% 105 $46,685,000 $444,619 $13,635 4.73%
    20-30% 97 $45,715,000 $471,289 $7,662 4.76%
    49% 69 $30,595,000 $443,406 $9,030 4.87%
    44% 66 $29,370,000 $445,000 $10,706 4.97%
    42% 58 $32,450,000 $559,483 $8,351 4.97%
    48% 54 $24,270,000 $449,444 $8,347 4.87%
    47% 47 $19,185,000 $408,191 $7,204 4.93%
    43% 46 $19,820,000 $430,870 $7,517 4.90%
    41% 43 $19,585,000 $455,465 $7,358 4.83%
    46% 40 $17,420,000 $435,500 $8,384 4.87%
    45% 35 $13,785,000 $393,857 $7,126 4.85%
    40% 33 $13,565,000 $411,061 $7,870 4.97%
    38% 31 $15,575,000 $502,419 $7,914 4.97%
    39% 30 $14,660,000 $488,667 $8,228 4.71%
    37% 26 $13,290,000 $511,154 $9,294 4.73%
    36% 24 $9,910,000 $412,917 $5,696 4.86%
    <20% 17 $8,915,000 $524,412 $8,127 4.65%
    >60% 16 $8,450,000 $528,125 $13,817 4.90%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 534 $250,740,000 $469,551 $9,158 4.85%
    Not provided 397 $187,005,000 $471,045 $8,509 4.88%
    Asian 31 $14,895,000 $480,484 $9,761 4.89%
    Black 22 $6,990,000 $317,727 $9,592 4.80%
    Native Hawaiian or Islander 1 $565,000 $565,000 $4,953 5.13%
    American Indian 1 $425,000 $425,000 $3,023 4.75%

    Approval Rates

    Total approvals of all applications
    96.28%

    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 origination
    64.30%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 31 $8,595,000 $277,258 $6,655 4.70%
    40-60% 90 $40,440,000 $449,333 $7,337 4.82%
    60-80% 331 $171,705,000 $518,746 $7,725 4.97%
    80-100% 495 $224,525,000 $453,586 $9,671 4.85%
    Over 100% 30 $14,910,000 $497,000 $18,621 4.74%
    Under 20% 9 $445,000 $49,444 $2,075 3.25%

    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%