Jmj Funding Group, Inc. Mortgage Lending & HMDA Data, 2018
In 2018, Jmj Funding Group, Inc. of Garden Grove, CA reported 81 mortgage applications totaling $28.3 million. The average application was for $349,444, and applicants reported an average income of $23,456. 67% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (29), Anaheim-Santa Ana-Irvine, CA (22) and Riverside-San Bernardino-Ontario, CA (16) (applications in parentheses).
| Mortgage Company & Address | Jmj Funding Group, Inc. 12377 Lewis St #202 Garden Grove, CA 92840 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 |
| Total Number of Mortgage Applications | 81 |
| Total Mortgage Loan Application Amount | $28,305,000 |
| Average Mortgage Loan Application Amount | $349,444 |
| Highest Mortgage Loan Application Amount | $1,525,000 |
| Average Applicant Income | $23,456 |
| Highest Applicant Income | $125,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Jmj Funding Group, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for Jmj Funding Group, Inc. in 2018
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 27 | $9,225,000 | $341,000 | $1,125,000 | $16,000 | $71,000 |
| Refinancing | 27 | $9,385,000 | $347,000 | $1,525,000 | $28,000 | $111,000 |
| Home Purchase | 26 | $9,390,000 | $361,000 | $845,000 | $27,000 | $125,000 |
| Other Purpose | 1 | $305,000 | $305,000 | $305,000 | $10,000 | $10,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 28 | $8,320,000 | $297,000 | $845,000 | $32,000 | $125,000 |
| Hispanic | 16 | $4,410,000 | $275,000 | $535,000 | $19,000 | $60,000 |
| Not applicable | 13 | $5,285,000 | $406,000 | $1,525,000 | $5,000 | $8,000 |
| Not Provided | 10 | $4,730,000 | $473,000 | $1,125,000 | $22,000 | $111,000 |
| Asian | 10 | $3,630,000 | $363,000 | $735,000 | $12,000 | $18,000 |
| Black or African American | 3 | $1,315,000 | $438,000 | $825,000 | $55,000 | $110,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 81 | $28,305,000 | $349,000 | $1,525,000 | $23,000 | $125,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 54 | $17,850,000 | $330,000 | $1,125,000 | $19,000 | $91,000 |
| Application Approved But Not Accepted | 12 | $4,610,000 | $384,000 | $845,000 | $40,000 | $125,000 |
| Application Denied By Financial Institution | 7 | $3,425,000 | $489,000 | $1,525,000 | $39,000 | $111,000 |
| Application Withdrawn By Applicant | 7 | $2,055,000 | $293,000 | $615,000 | $14,000 | $24,000 |
| Preapproval Approved but not Accepted | 1 | $365,000 | $365,000 | $365,000 | $10,000 | $10,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 74 | $24,880,000 | $336,000 | $1,125,000 | $22,000 | $125,000 |
| Credit History | 3 | $1,125,000 | $375,000 | $485,000 | $31,000 | $60,000 |
| Debt-To-Income Ratio | 2 | $620,000 | $310,000 | $365,000 | $66,000 | $111,000 |
| Other | 1 | $155,000 | $155,000 | $155,000 | $4,000 | $4,000 |
| Collateral | 1 | $1,525,000 | $1,525,000 | $1,525,000 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Jmj Funding Group, Inc.'s 2018 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Jmj Funding Group, Inc.'s mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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with aggregated HMDA statistics today.
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