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, Birmingham, Spokane, Kansas City, and Providence among others. We have data for 111 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 | 6.72% | 4/5/25 |
| 30 Year Cash-out Refi | 6.72% | 4/5/25 |
| 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
259Origination Dollar Volume (All Markets)
$41,545,000Relative Rate
Secured Investment Corp.'s average 30 year fixed mortgage rate was
14.49%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 7.94%.
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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 26 | $3,720,000 | $143,077 | $0 | 11.50% |
| Outside of Metro Areas | 16 | $2,790,000 | $174,375 | $0 | 12.21% |
| Outside of Metro Areas | 4 | $1,810,000 | $452,500 | $0 | 9.12% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 13 | $1,605,000 | $123,462 | $0 | 11.05% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 5 | $1,515,000 | $303,000 | $0 | 12.29% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 8 | $1,320,000 | $165,000 | $0 | 12.49% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 4 | $1,270,000 | $317,500 | $0 | 10.19% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $0 | 12.32% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $0 | 10.24% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $0 | 12.82% |
| JACKSON, MS (FHA|USDA|VA) | 8 | $650,000 | $81,250 | $0 | 11.68% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 11.99% |
| Big Spring, TX (FHA|USDA|VA) | 5 | $595,000 | $119,000 | $0 | 11.19% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 13.49% |
| RICHMOND, VA (FHA|USDA|VA) | 4 | $560,000 | $140,000 | $0 | 11.37% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $0 | 12.24% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $0 | 11.99% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 12.99% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 11.24% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 11.99% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $0 | 11.58% |
| BEND, OR (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 12.99% |
| Williston, ND (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $0 | 10.82% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $0 | 14.12% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 12.49% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 6 | $450,000 | $75,000 | $0 | 13.24% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 12.99% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 14.25% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 10.87% |
| AKRON, OH (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $0 | 13.49% |
| MANSFIELD, OH (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $0 | 14.99% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 9.62% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $0 | 12.99% |
| LONGVIEW, TX (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $0 | 12.99% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $0 | 12.99% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 11.32% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 12.74% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 15.99% |
| Laconia, NH (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 10.99% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 11.49% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 11.99% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 10.99% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 13.99% |
| GREENVILLE, NC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 13.99% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 12.49% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 10.99% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 12.99% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 11.99% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 15.99% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 11.99% |
| SUMTER, SC (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 12.49% |
| ODESSA, TX (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 11.74% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 11.49% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $0 | 12.66% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 12.99% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 13.99% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 13.99% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 12.99% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 14.99% |
| Lake City, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 12.99% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 11.99% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 11.99% |
| Lufkin, TX (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 14.49% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 11.49% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $0 | 12.16% |
| Cullman, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 12.99% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 11.49% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 13.99% |
| McComb, MS (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 14.99% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 13.99% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 14.74% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 11.49% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 14.99% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 12.49% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 11.49% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 11.49% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 11.12% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 13.49% |
| BISMARCK, ND (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 11.99% |
| Atmore, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 12.99% |
| TULSA, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 10.49% |
| Kinston, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 10.99% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 14.99% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 15.49% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 15.49% |
| Sedalia, MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 14.99% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 13.99% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.49% |
| Roswell, NM (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 13.99% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 16.24% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 13.49% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 11.99% |
| New Castle, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 9.49% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Washington, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.49% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 14.49% |
| Palestine, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 13.49% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.49% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 13.99% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.99% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 15.49% |
| Wabash, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 11.99% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 11.49% |
| Malvern, AR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.99% |
| Freeport, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 15.49% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 13.99% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 11.99% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 13.49% |
| Lewistown, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 13.99% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 12.49% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 15.49% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 259 | $41,545,000 | $160,405 | $0 | 12.24% |
For 2024, Secured Investment Corp.'s most frequently originated type of loan was Conventional, with 259 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 259 | $41,545,000 | $160,405 | $0 | 12.24% |
For 2024, Secured Investment Corp.'s most frequently cited loan purpose was Home Purchase, with 259 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 1 Year | 249 | $40,335,000 | $161,988 | $0 | 12.22% |
| Other | 9 | $1,115,000 | $123,889 | $0 | 12.66% |
| 30 Year | 1 | $95,000 | $95,000 | $0 | 14.49% |
For 2024, Secured Investment Corp.'s most frequently cited loan duration was 1 Year, with 249 originations. The 2nd most popular length was Other, with 9 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 253 | $40,305,000 | $159,308 |
| <2.5% | 6 | $1,240,000 | $206,667 |
During 2024, Secured Investment Corp.'s average interest rate for loans was 14.49%, while their most frequently originated rate bucket for loans was Over 8%, with 253 originations.
Loan Sizing
2024 saw Secured Investment Corp. place emphasis on $100k-200k loans with 114 originations, totaling $15,910,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 259 | $41,545,000 | $160,405 | $0 | 12.24% |
Approval Rates
Total approvals of all applications100.00%
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-476.45%
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 | 259 | $41,545,000 | $160,405 |