Jackson National Life Insurance Company Mortgage Rates, Fees & Info
Chicago, ILLEI: 8IM72RBRSPXY5ZCXZB30
Tax ID: 38-1659835
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Jackson National Life Insurance Company is a smaller mortgage company specializing in Cash Out Refi loans. Jackson National Life Insurance Company has a high proportion of conventional loans. Their top markets by origination volume include: New York, San Diego, Atlanta, San Francisco, and Salt Lake City among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)Jackson National Life Insurance Company has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
27Origination Dollar Volume (All Markets)
$884,865,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $230,005,000 | $230,005,000 | $0 | 4.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $81,010,000 | $40,505,000 | $0 | 4.13% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $80,765,000 | $26,921,667 | $0 | 3.62% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $54,010,000 | $27,005,000 | $0 | 4.11% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $52,010,000 | $26,005,000 | $0 | 3.54% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $51,430,000 | $25,715,000 | $0 | 3.42% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $47,505,000 | $47,505,000 | $0 | 3.77% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $46,705,000 | $46,705,000 | $0 | 3.57% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $42,645,000 | $42,645,000 | $0 | 3.60% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $32,770,000 | $16,385,000 | $0 | 3.83% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $24,755,000 | $24,755,000 | $0 | 4.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $24,505,000 | $24,505,000 | $0 | 3.25% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $24,480,000 | $12,240,000 | $0 | 4.35% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $19,505,000 | $19,505,000 | $0 | 3.36% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $19,005,000 | $19,005,000 | $0 | 3.36% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $16,615,000 | $16,615,000 | $0 | 4.48% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $16,005,000 | $16,005,000 | $0 | 4.53% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $10,905,000 | $10,905,000 | $0 | 3.25% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $10,235,000 | $10,235,000 | $0 | 3.64% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 27 | $884,865,000 | $32,772,778 | $0 | 3.79% |
For 2019, Jackson National Life Insurance Company's most frequently originated type of loan was Conventional, with 27 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 16 | $690,010,000 | $43,125,625 | $0 | 3.67% |
| NA | 8 | $132,340,000 | $16,542,500 | $0 | 4.00% |
| Refi | 3 | $62,515,000 | $20,838,333 | $0 | 3.89% |
For 2019, Jackson National Life Insurance Company's most frequently cited loan purpose was Cash Out Refi, with 16 originations. The 2nd most popular reason was NA, with 8 originations.
Loan Duration/Length
For 2019, Jackson National Life Insurance Company's most frequently cited loan duration was Other, with 12 originations. The 2nd most popular length was 10 Year, with 10 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 20 | $720,750,000 | $36,037,500 |
| 4-5% | 7 | $164,115,000 | $23,445,000 |
During 2019, Jackson National Life Insurance Company's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 20 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 27 | $884,865,000 | $32,772,778 | $0 | 3.79% |
2019 saw Jackson National Life Insurance Company place emphasis on $1MM+ loans with 27 originations, totaling $884,865,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 27 | $884,865,000 | $32,772,778 | $0 | 3.79% |
Approval Rates
Total approvals of all applications100.00%
Jackson National Life Insurance Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.59%
Jackson National Life Insurance Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 27 | $884,865,000 | $32,772,778 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 27 | $884,865,000 | $32,772,778 |