# MJW FINANCIAL LLC

> **Canonical URL:** https://saferate.com/lenders/mjw-financial

> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible

MJW FINANCIAL LLC is a independent mortgage company, headquartered in Indianapolis, IN, serving borrowers across 7 states, with 1,233 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 51% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 29% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 254900F3ZV3WV1ADSM47
- **Headquarters:** Indianapolis, IN
- **Geographic Reach:** Multi-Region
- **States Served:** 7
- **State List:** FL, IL, IN, KY, MI, OH, TN
- **Markets (MSAs):** 5
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 49/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 71/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.383%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,621
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 1,233
- **Dollar Volume:** $361 million
- **Applications Received:** 1,631
- **Market Share:** 3.00%

## Typical Borrower Profile

- **Average Loan Amount:** $292,843
- **Average Borrower Income:** $133,837

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (63%)
- ⭐ **FHA Gold Superstar** (63%)
- ⭐ **VA Gold Superstar** (63%)
- ⭐ **Purchase Gold Superstar** (63%)
- ⭐ **Refinance Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 72/100 | 938 | +0.375% | $1,598 | Strong 😀 |
| FHA | 74/100 | 220 | +0.604% | $1,899 | Strong 😀 |
| VA | 69/100 | 57 | -0.219% | $1,079 | Strong 😀 |
| USDA | 71/100 | 14 | +0.535% | $1,200 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 828 loans, Score: 73/100 (Strong)
- Refinance: 110 loans, Score: 64/100 (Strong)

**FHA:**
- Purchase: 206 loans, Score: 74/100 (Strong)

**VA:**
- Purchase: 55 loans, Score: 69/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 75/100 | 1,105 | $321M | +0.420% | Strong 😀 |
| Refinance | 63/100 | 128 | $40M | +0.131% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IN | 1,221 | 1.34% | 90/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Indianapolis | IN | 1,020 | 97/100 |
| Non |  | 81 | 47/100 |
| Kokomo, IN | IN | 48 | 79/100 |
| Lafayette | IN | 23 | 54/100 |
| Muncie, IN | IN | 13 | 46/100 |

## Frequently Asked Questions

### What loan types does MJW FINANCIAL LLC offer?

MJW FINANCIAL LLC offers the following mortgage loan types: FHA, Conventional, VA, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does MJW FINANCIAL LLC offer mortgages?

MJW FINANCIAL LLC offers mortgages in 7 states: FL, IL, IN, KY, MI, OH, TN.

### How competitive are MJW FINANCIAL LLC's mortgage rates?

MJW FINANCIAL LLC has a pricing score of 49/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.383% above market average.

### What type of lender is MJW FINANCIAL LLC?

MJW FINANCIAL LLC is a non-depository lender that specializes in mortgage origination, headquartered in Indianapolis, IN.

### What is MJW FINANCIAL LLC's loan approval success rate?

MJW FINANCIAL LLC has a pull-through score of 71/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/mjw-financial

### How to Cite

> "MJW FINANCIAL LLC Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/mjw-financial

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