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 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 by origination volume include: Los Angeles, San Diego, Riverside, Boise City, and San Francisco among others. We have data for 83 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% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,664Origination Dollar Volume (All Markets)
$1,256,460,000Awards
JMJ FINANCIAL GROUP - 2021
JMJ FINANCIAL GROUP is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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) | 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% |
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Product Mix
For 2021, Jmj Financial Group's most frequently originated type of loan was Conventional, with 2,338 originations. Their 2nd most popular type was FHA, with 178 originations.
Loan Reason
For 2021, Jmj Financial Group's most frequently cited loan purpose was Home Purchase, with 1,301 originations. The 2nd most popular reason was Refi, with 816 originations.
Loan Duration/Length
For 2021, Jmj Financial Group's most frequently cited loan duration was 30 Year, with 2,498 originations. The 2nd most popular length was 15 Year, with 96 originations.
Origination Fees/Closing Costs
Jmj Financial Group's average total fees were $7,400, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,771 originations.
Interest Rates
During 2021, Jmj Financial Group's average interest rate for loans was 3.09%, while their most frequently originated rate bucket for loans was 3-4%, with 1,204 originations.
Loan Sizing
2021 saw Jmj Financial Group place emphasis on $400k-600k loans with 1,076 originations, totaling $532,660,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications98.56%
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 origination74.92%
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
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% |