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 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, San Francisco, and Oxnard among others. We have data for 56 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 an average 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
1,756Origination Dollar Volume (All Markets)
$822,850,000Top 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) | 807 | $410,705,000 | $508,928 | $7,965 | 4.29% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 351 | $171,135,000 | $487,564 | $8,345 | 4.23% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 345 | $128,995,000 | $373,899 | $7,245 | 4.27% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 36 | $32,420,000 | $900,556 | $16,095 | 5.66% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 18 | $7,600,000 | $422,222 | $8,754 | 4.47% |
| Outside of Metro Areas | 24 | $7,150,000 | $297,917 | $2,032 | 3.48% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 11 | $6,125,000 | $556,818 | $9,809 | 5.56% |
| BOISE CITY, ID (FHA|USDA|VA) | 18 | $5,940,000 | $330,000 | $5,621 | 4.01% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 14 | $5,400,000 | $385,714 | $7,469 | 4.10% |
| STOCKTON, CA (FHA|USDA|VA) | 10 | $3,490,000 | $349,000 | $5,319 | 4.45% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 8 | $3,410,000 | $426,250 | $6,590 | 3.94% |
| PROVO-OREM, UT (FHA|USDA|VA) | 12 | $3,400,000 | $283,333 | $4,405 | 4.08% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 15 | $3,395,000 | $226,333 | $6,021 | 4.33% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 4 | $2,990,000 | $747,500 | $6,504 | 4.81% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 6 | $1,790,000 | $298,333 | $4,474 | 3.90% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $1,695,000 | $565,000 | $6,627 | 4.63% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $1,690,000 | $845,000 | $12,573 | 5.26% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,555,000 | $518,333 | $7,158 | 4.13% |
| MODESTO, CA (FHA|USDA|VA) | 5 | $1,485,000 | $297,000 | $3,403 | 4.90% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $1,460,000 | $730,000 | $13,333 | 5.60% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $1,455,000 | $485,000 | $11,627 | 4.33% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $5,742 | 4.28% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 2 | $1,340,000 | $670,000 | $7,135 | 6.06% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $5,200 | 4.00% |
| Kapaa, HI (FHA|USDA|VA) | 2 | $1,120,000 | $560,000 | $17,764 | 4.88% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $1,115,000 | $223,000 | $5,757 | 5.05% |
| Hilo, HI (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $7,717 | 4.19% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $5,685 | 4.19% |
| Outside of Metro Areas | 3 | $865,000 | $288,333 | $4,808 | 4.50% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $9,946 | 5.87% |
| MERCED, CA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $5,891 | 4.43% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $9,414 | 4.59% |
| CHICO, CA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,331 | 4.13% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $5,711 | 4.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $2,709 | 4.06% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $6,002 | 4.00% |
| NAPA, CA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $2,934 | 4.50% |
| MADERA, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $10,571 | 7.45% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $5,548 | 3.94% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,079 | 4.25% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,840 | 4.00% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,706 | 4.75% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $15,894 | 4.38% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,658 | 3.63% |
| Mountain Home, ID (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,633 | 4.38% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,847 | 4.13% |
| Heber, UT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,617 | 3.75% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,717 | 3.50% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,014 | 4.88% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,361 | 4.75% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,733 | 4.12% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,873 | 4.99% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,878 | 3.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,403 | 4.88% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $10,056 | 4.00% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,140 | 5.38% |
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Product Mix
For 2019, Jmj Financial Group's most frequently originated type of loan was Conventional, with 1,409 originations. Their 2nd most popular type was FHA, with 211 originations.
Loan Reason
For 2019, Jmj Financial Group's most frequently cited loan purpose was Home Purchase, with 876 originations. The 2nd most popular reason was Refi, with 569 originations.
Loan Duration/Length
For 2019, Jmj Financial Group's most frequently cited loan duration was 30 Year, with 1,679 originations. The 2nd most popular length was 15 Year, with 38 originations.
Origination Fees/Closing Costs
Jmj Financial Group's average total fees were $7,919, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,033 originations.
Interest Rates
During 2019, Jmj Financial Group's average interest rate for loans was 4.32%, while their most frequently originated rate bucket for loans was 4-5%, with 850 originations.
Loan Sizing
2019 saw Jmj Financial Group place emphasis on $400k-600k loans with 729 originations, totaling $350,015,000 in origination value.
Applicant Income
Jmj Financial Group lent most frequently to those with incomes in the $50k or less range, with 1,625 originations. The second most popular income band? $75k-100k, with 34 originations.
Applicant Debt to Income Ratio
Jmj Financial Group lent most frequently to those with DTI ratios of 30-36%, with 258 originations. The next most common DTI ratio? 20-30%, with 208 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.44%
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 origination69.76%
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 | 1,756 | $822,850,000 | $468,593 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 10 | $3,160,000 | $316,000 |
| Single Family (1-4 Units):Site-Built | 1,746 | $819,690,000 | $469,467 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| JAMES B. NUTTER & COMPANY | Conventional home mortgage | Struggling to pay mortgage | 1 | 25.0% |
| JAMES B. NUTTER & COMPANY | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |
| JAMES B. NUTTER & COMPANY | FHA mortgage | Incorrect information on your report | 1 | 25.0% |
| JAMES B. NUTTER & COMPANY | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |