Jams-01 at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
96th0.5% deniedPricingmedian rate spread over APOR, weight 30%
72nd0.09 ptsProcesswithdrawn + incomplete share, weight 15%
50th11.7%Closing coststotal loan costs ÷ loan amount, weight 10%
70th1.38% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 408 | 341 | 0.5% | 0.6% | 6.38% | $158M |
| 2024 | 417 | 358 | 1.4% | 1.7% | 6.50% | $173M |
| 2025 | 497 | 437 | 0.4% | 0.5% | 6.50% | $215M |
What Jams-01 lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 1 reverse mortgages, 0 manufactured homes, 0 investment properties.
Why Jams-01 denies applications
Primary reason reported for each of the 2 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Jams-01
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 97 | 84 | 0.0% |
| $100k – $150k | 148 | 128 | 0.8% |
| $150k – $250k | 160 | 140 | 0.7% |
| Over $250k | 85 | 79 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 21 | 15 | 0.0% |
| 25–34 | 219 | 193 | 0.5% |
| 35–44 | 126 | 109 | 0.9% |
| 45–54 | 59 | 55 | 0.0% |
| 55–64 | 37 | 35 | 0.0% |
| 65–74 | 26 | 24 | 0.0% |
Where Jams-01 lends
7 states and 68 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Virginia | 349 | 308 | 0.6% | 6.50% | #145 |
| North Carolina | 112 | 99 | 0.0% | 6.50% | #305 |
| Maryland | 15 | 13 | 0.0% | 6.38% | #436 |
| District of Columbia | 7 | 6 | 0.0% | 6.31% | #213 |
| West Virginia | 7 | 5 | 0.0% | 6.00% | #285 |
| South Carolina | 6 | 6 | 0.0% | 6.88% | #613 |
Frequently asked questions
Jams-01 denied 0.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 96th percentile of small mortgage lenders.
The most common reason Jams-01 gave in 2025 was "debt-to-income ratio", cited on 100.0% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Jams-01 originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was 0.09 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 97% of its applications were for home purchases, 3% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 77% conventional, 9% FHA, 13% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.