Secured Investment Corp. Mortgage Rates, Fees & Info
Sheridan, WYLEI: 2549003K48UGTWEK6O31
Tax ID: 45-4000168
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Mortgage Data
Review & Overview
Secured Investment Corp. is a smaller mortgage company specializing in Home Purchase loans. Secured Investment Corp. has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, St. Louis, Birmingham, Pittsburgh, and Atlanta among others. We have data for 102 markets. (Some data included below & more in-depth data is available with an active subscription.)Secured Investment Corp. has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. They typically have relatively high rates.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 3/16/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Secured Investment Corp. Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
221Origination Dollar Volume (All Markets)
$31,575,000Relative Rate
Secured Investment Corp.'s average 30 year fixed mortgage rate was
11.99%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 5.51%.
Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 23 | $2,885,000 | $125,435 | $0 | 12.40% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 15 | $1,655,000 | $110,333 | $0 | 12.69% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 10 | $1,020,000 | $102,000 | $0 | 11.52% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $0 | 15.12% |
| PITTSBURGH, PA (FHA|USDA|VA) | 7 | $825,000 | $117,857 | $0 | 13.99% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $0 | 12.62% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 5 | $715,000 | $143,000 | $0 | 13.69% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $0 | 9.99% |
| COLUMBIA, SC (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $0 | 11.69% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 5 | $645,000 | $129,000 | $0 | 13.09% |
| JACKSON, MS (FHA|USDA|VA) | 5 | $625,000 | $125,000 | $0 | 11.79% |
| BATON ROUGE, LA (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $0 | 11.82% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $0 | 13.99% |
| McComb, MS (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $0 | 11.66% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $0 | 13.49% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $0 | 13.66% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $0 | 12.49% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 13.74% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 9.99% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $0 | 11.49% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $0 | 14.24% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 11.74% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 11.49% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 12.95% |
| Bay City, TX (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $0 | 13.66% |
| ODESSA, TX (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 10.99% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $0 | 12.66% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 11.74% |
| SUMTER, SC (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $0 | 11.49% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 9.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 9.75% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 13.99% |
| FARMINGTON, NM (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 14.74% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 9.75% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 13.49% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 11.49% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 11.99% |
| REDDING, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 15.99% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 13.49% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 11.99% |
| WACO, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 9.75% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $0 | 12.32% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 12.99% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 14.99% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 13.99% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 9.49% |
| Williston, ND (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 11.99% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 15.99% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 11.99% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 10.99% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 14.99% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 12.49% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 11.99% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 12.99% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 9.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 12.49% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 12.99% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 12.49% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 13.99% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 14.49% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 12.49% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 13.99% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 12.99% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 14.99% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 13.49% |
| Hilo, HI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 10.99% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 12.99% |
| TULSA, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 9.75% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 13.99% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 10.99% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 11.99% |
| Clovis, NM (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 15.99% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 14.99% |
| Ardmore, OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 12.99% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 11.99% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 10.99% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 13.99% |
| Alamogordo, NM (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.99% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 13.49% |
| Paris, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 12.99% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 14.99% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.99% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 11.99% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 12.49% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.99% |
| PINE BLUFF, AR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 13.99% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 11.99% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 11.99% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.99% |
| ROCHESTER, NY (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 13.99% |
| Selinsgrove, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 13.99% |
| Dyersburg, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 14.49% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 13.49% |
| New Castle, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 12.99% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 12.99% |
| Atchison, KS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 9.99% |
| OCALA, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 12.70% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 14.99% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 15.99% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 11.99% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 12.99% |
| Corinth, MS (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 15.99% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 221 | $31,575,000 | $142,873 | $0 | 12.63% |
For 2023, Secured Investment Corp.'s most frequently originated type of loan was Conventional, with 221 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 221 | $31,575,000 | $142,873 | $0 | 12.63% |
For 2023, Secured Investment Corp.'s most frequently cited loan purpose was Home Purchase, with 221 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 1 Year | 203 | $29,685,000 | $146,232 | $0 | 12.60% |
| Other | 17 | $1,795,000 | $105,588 | $0 | 13.11% |
| 30 Year | 1 | $95,000 | $95,000 | $0 | 11.99% |
For 2023, Secured Investment Corp.'s most frequently cited loan duration was 1 Year, with 203 originations. The 2nd most popular length was Other, with 17 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 221 | $31,575,000 | $142,873 |
During 2023, Secured Investment Corp.'s average interest rate for loans was 11.99%, while their most frequently originated rate bucket for loans was Over 8%, with 221 originations.
Loan Sizing
2023 saw Secured Investment Corp. place emphasis on $100k-200k loans with 108 originations, totaling $15,590,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 221 | $31,575,000 | $142,873 | $0 | 12.63% |
Approval Rates
Total approvals of all applications99.78%
Secured Investment Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination-381.90%
Secured Investment Corp. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 221 | $31,575,000 | $142,873 |