Mortgage lender · Saint Louis, MO · LEI 549300DX0B304LAKUN93

Jlb review: approval odds, rates and grade (2025)

Jlb earns a C, in line with the typical performance of small mortgage lenders. It turned down 6.0% of the applications it decided on in 2025, which ranks in the 67th percentile for approval odds. Its median loan was priced 0.32 points above the average prime offer rate, ranking in the 44th percentile on pricing. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

1.2kApplications2025
77.5%Originatedof applications
6.0%Decision denial ratenational 22.6%
6.25%Median ratenational 6.63%
$213MLoan volume11 states

Jlb at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

5.0%Denial rate (all applications)-12.96 pts vs national
6.0%Denial rate (decided applications)-16.55 pts vs national
77.5%Origination rate+19.44 pts vs national
16.9%Withdrawn by applicant
0.0%Closed for incompleteness
6.25%Median interest rate-0.38 pts vs national
0.32Median rate spread (pts over APOR)+0.06 pts vs national
$205,000Median loan amount
$7,226Median total loan costs
$82kMedian applicant income
79%Median loan-to-value
0High-cost (HOEPA) loans

How the C 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%

67th6.0% denied

Pricingmedian rate spread over APOR, weight 30%

44th0.32 pts

Processwithdrawn + incomplete share, weight 15%

28th16.9%

Closing coststotal loan costs ÷ loan amount, weight 10%

12th3.52% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20231,0698173.3%4.1%6.63%$166M
20241,1628805.7%6.9%6.25%$200M
20251,1769115.0%6.0%6.25%$213M

What Jlb 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

Home purchase 252 21% · 4.8% denied
Refinance 155 13% · 7.1% denied
Cash-out refinance 769 65% · 4.7% denied

By loan type

Conventional 497 42% · 4.2% denied
FHA 663 56% · 5.3% denied
VA 15 1% · 20.0% denied
USDA / RHS 1 0% · 0.0% denied

Also: 0 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 31 investment properties.

Why Jlb denies applications

Primary reason reported for each of the 59 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 20 34%
Credit history 16 27%
Collateral 11 19%
Other 8 14%
Employment history 2 3%
Insufficient cash 1 2%
Unverifiable information 1 2%

How these reasons compare nationally →

Who gets approved at Jlb

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k17111612.0%
$50k – $100k5514206.4%
$100k – $150k2642223.9%
$150k – $250k1521242.3%
Over $250k36296.5%
Applicant ageApplicationsOriginatedDecision denial rate
Under 2531209.1%
25–341501176.4%
35–442321768.3%
45–542672173.6%
55–642471974.8%
65–741711336.9%
Over 7478518.6%

Where Jlb lends

11 states and 113 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Missouri6535214.1%6.25%#74
Pennsylvania2922284.8%6.25%#226
Illinois71584.2%6.25%#401
Indiana714111.3%6.49%#311
Kansas66487.6%6.38%#202
Oregon6216.7%6.12%#413
Ohio5420.0%6.62%#718

Frequently asked questions

Jlb denied 6.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 67th percentile of small mortgage lenders.

The most common reason Jlb gave in 2025 was "debt-to-income ratio", cited on 33.9% 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 Jlb originated in 2025 was 6.25%, and its median rate spread over the average prime offer rate was 0.32 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 21% of its applications were for home purchases, 79% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 42% conventional, 56% FHA, 1% 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.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Jlb. Data sources · Methodology