Secured Investment Corp. Mortgage Rates, Fees & Info
Sheridan, WYLEI: 2549003K48UGTWEK6O31
Tax ID: 45-4000168
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 4/18/24 |
| 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
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Secured Investment Corp.. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
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 |