Secured Investment Corp. Mortgage Rates, Fees & Info

Sheridan, WY

LEI: 2549003K48UGTWEK6O31

Tax ID: 45-4000168

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Philadelphia, Chicago, Atlanta, New York, and Kansas City among others. Secured Investment Corp. has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

298

Origination Dollar Volume (All Markets)

$39,090,000

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Outside of Metro Areas 14 $2,390,000 $170,714 $0 10.99%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 18 $2,220,000 $123,333 $0 12.44%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 16 $1,730,000 $108,125 $0 13.37%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 10 $1,500,000 $150,000 $0 13.17%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 5 $1,455,000 $291,000 $0 12.39%
KANSAS CITY, MO-KS (FHA|USDA|VA) 9 $1,135,000 $126,111 $0 13.10%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $1,125,000 $1,125,000 $0 11.99%
ST. LOUIS, MO-IL (FHA|USDA|VA) 9 $945,000 $105,000 $0 12.88%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 9 $925,000 $102,778 $0 10.44%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 6 $920,000 $153,333 $0 11.49%
PITTSBURGH, PA (FHA|USDA|VA) 6 $870,000 $145,000 $0 11.37%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 5 $745,000 $149,000 $0 10.79%
COLUMBUS, OH (FHA|USDA|VA) 4 $650,000 $162,500 $0 10.24%
URBAN HONOLULU, HI (FHA|USDA|VA) 1 $635,000 $635,000 $0 8.99%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $620,000 $155,000 $0 9.75%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $605,000 $201,667 $0 11.32%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $595,000 $198,333 $0 11.16%
LAKE CHARLES, LA (FHA|USDA|VA) 6 $580,000 $96,667 $0 12.83%
TULSA, OK (FHA|USDA|VA) 5 $505,000 $101,000 $0 14.39%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $500,000 $250,000 $0 12.99%
FORT SMITH, AR-OK (FHA|USDA|VA) 4 $420,000 $105,000 $0 9.75%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $415,000 $138,333 $0 11.99%
DAYTON-KETTERING, OH (FHA|USDA|VA) 6 $410,000 $68,333 $0 12.32%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 5 $395,000 $79,000 $0 12.79%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $395,000 $131,667 $0 11.50%
Easton, MD (FHA|USDA|VA) 2 $390,000 $195,000 $0 13.99%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $390,000 $97,500 $0 11.99%
TYLER, TX (FHA|USDA|VA) 1 $385,000 $385,000 $0 11.99%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 4 $370,000 $92,500 $0 14.74%
Outside of Metro Areas 1 $365,000 $365,000 $0 13.99%
Torrington, CT (FHA|USDA|VA) 2 $360,000 $180,000 $0 12.49%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 4 $360,000 $90,000 $0 12.49%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 4 $340,000 $85,000 $0 9.74%
WICHITA FALLS, TX (FHA|USDA|VA) 4 $330,000 $82,500 $0 12.49%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $325,000 $108,333 $0 12.66%
FORT COLLINS, CO (FHA|USDA|VA) 1 $315,000 $315,000 $0 9.99%
LaGrange, GA-AL (FHA|USDA|VA) 2 $310,000 $155,000 $0 14.49%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $300,000 $150,000 $0 11.87%
SAVANNAH, GA (FHA|USDA|VA) 1 $295,000 $295,000 $0 8.99%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $290,000 $145,000 $0 12.49%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $280,000 $140,000 $0 9.99%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $275,000 $275,000 $0 10.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $265,000 $265,000 $0 13.99%
BELLINGHAM, WA (FHA|USDA|VA) 1 $265,000 $265,000 $0 10.99%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 4 $250,000 $62,500 $0 12.49%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $235,000 $78,333 $0 11.66%
LAWTON, OK (FHA|USDA|VA) 3 $235,000 $78,333 $0 10.32%
Williston, ND (FHA|USDA|VA) 2 $230,000 $115,000 $0 9.75%
BATON ROUGE, LA (FHA|USDA|VA) 1 $225,000 $225,000 $0 10.99%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $225,000 $225,000 $0 12.99%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $225,000 $225,000 $0 13.99%
YUBA CITY, CA (FHA|USDA|VA) 1 $215,000 $215,000 $0 14.99%
JACKSON, MS (FHA|USDA|VA) 2 $200,000 $100,000 $0 12.99%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $195,000 $195,000 $0 13.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $195,000 $195,000 $0 8.99%
AKRON, OH (FHA|USDA|VA) 2 $190,000 $95,000 $0 9.75%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $185,000 $61,667 $0 13.66%
Lufkin, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 13.99%
PUEBLO, CO (FHA|USDA|VA) 1 $185,000 $185,000 $0 13.99%
Fort Leonard Wood, MO (FHA|USDA|VA) 1 $185,000 $185,000 $0 12.99%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $180,000 $90,000 $0 13.99%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 12.99%
Crossville, TN (FHA|USDA|VA) 1 $175,000 $175,000 $0 9.99%
ALEXANDRIA, LA (FHA|USDA|VA) 1 $175,000 $175,000 $0 16.99%
FLORENCE, SC (FHA|USDA|VA) 2 $170,000 $85,000 $0 14.49%
CHICO, CA (FHA|USDA|VA) 1 $165,000 $165,000 $0 13.99%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $155,000 $155,000 $0 12.99%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 12.99%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.99%
YUMA, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $0 11.99%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $155,000 $155,000 $0 13.99%
Brookhaven, MS (FHA|USDA|VA) 1 $155,000 $155,000 $0 10.99%
ROCHESTER, NY (FHA|USDA|VA) 2 $150,000 $75,000 $0 12.99%
PANAMA CITY, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 12.99%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $145,000 $145,000 $0 14.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 10.99%
COLUMBIA, SC (FHA|USDA|VA) 2 $140,000 $70,000 $0 11.99%
Kinston, NC (FHA|USDA|VA) 1 $135,000 $135,000 $0 12.99%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $130,000 $65,000 $0 14.49%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $125,000 $125,000 $0 12.99%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $125,000 $125,000 $0 14.99%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $125,000 $125,000 $0 10.50%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $125,000 $125,000 $0 12.00%
PINE BLUFF, AR (FHA|USDA|VA) 1 $125,000 $125,000 $0 10.99%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $125,000 $125,000 $0 13.99%
RICHMOND, VA (FHA|USDA|VA) 1 $115,000 $115,000 $0 15.99%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $115,000 $115,000 $0 12.99%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $115,000 $115,000 $0 14.99%
Riverton, WY (FHA|USDA|VA) 1 $115,000 $115,000 $0 10.99%
ODESSA, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 12.99%
Fort Polk South, LA (FHA|USDA|VA) 1 $115,000 $115,000 $0 13.99%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $105,000 $105,000 $0 10.99%
EL PASO, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 12.99%
Clarksburg, WV (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.75%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $105,000 $105,000 $0 10.99%
GAINESVILLE, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 13.99%
DECATUR, AL (FHA|USDA|VA) 1 $95,000 $95,000 $0 11.99%
Beeville, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 14.99%
Thomasville, GA (FHA|USDA|VA) 1 $95,000 $95,000 $0 11.99%
Union City, TN (FHA|USDA|VA) 1 $95,000 $95,000 $0 12.99%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $90,000 $45,000 $0 14.00%
LONGVIEW, TX (FHA|USDA|VA) 1 $85,000 $85,000 $0 14.99%
Meridian, MS (FHA|USDA|VA) 1 $85,000 $85,000 $0 10.99%
Ottawa, KS (FHA|USDA|VA) 1 $75,000 $75,000 $0 12.99%
Sweetwater, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 13.99%
Bennettsville, SC (FHA|USDA|VA) 1 $75,000 $75,000 $0 14.99%
Marion, IN (FHA|USDA|VA) 1 $75,000 $75,000 $0 11.99%
ABILENE, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 11.99%
MOBILE, AL (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.99%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 14.99%
NILES, MI (FHA|USDA|VA) 1 $65,000 $65,000 $0 12.99%
JACKSON, TN (FHA|USDA|VA) 1 $65,000 $65,000 $0 9.99%
New Castle, IN (FHA|USDA|VA) 1 $65,000 $65,000 $0 11.99%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $65,000 $65,000 $0 11.99%
Logansport, IN (FHA|USDA|VA) 1 $55,000 $55,000 $0 12.99%
MORGANTOWN, WV (FHA|USDA|VA) 1 $55,000 $55,000 $0 15.99%
SYRACUSE, NY (FHA|USDA|VA) 1 $55,000 $55,000 $0 15.99%
Manitowoc, WI (FHA|USDA|VA) 1 $55,000 $55,000 $0 12.99%
ROCKFORD, IL (FHA|USDA|VA) 1 $55,000 $55,000 $0 14.99%
Orangeburg, SC (FHA|USDA|VA) 1 $45,000 $45,000 $0 13.00%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $45,000 $45,000 $0 2.00%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 12.99%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 11.99%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $35,000 $35,000 $0 14.99%
Natchez, MS-LA (FHA|USDA|VA) 1 $35,000 $35,000 $0 12.99%

Secured Investment Corp.'s top markets include Philadelphia, Chicago, Atlanta, New York, and Kansas City among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 298 $39,090,000 $131,174 $0 12.28%

For the 2021 period, Secured Investment Corp.'s most frequently originated loan type of loans were Conventional, with 298 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 266 $35,860,000 $134,812 $0 12.22%
Refi 29 $2,855,000 $98,448 $0 12.93%
Home Improvement 3 $375,000 $125,000 $0 11.66%

For the 2021, Secured Investment Corp.'s most frequently cited loan purpose of loans were Home Purchase, with 266 originations. The 2nd most popular reason of loans were Refi, with 29 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
1 Year 279 $37,225,000 $133,423 $0 12.26%
Other 19 $1,865,000 $98,158 $0 12.60%

For the 2021, Secured Investment Corp.'s most frequently cited loan length of loans were 1 Year, with 279 originations. The 2nd most popular length of loans were Other, with 19 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
Over 8% 294 $38,500,000 $130,952
<2.5% 3 $395,000 $131,667
7-8% 1 $195,000 $195,000

During 2021, Secured Investment Corp.'s average interest rate of loans were 0.00%, while their most frequently originated rate bucket of loans were Over 8%, with 294 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 134 $19,160,000 $142,985 $0 12.13%
$100,000 or less 130 $9,270,000 $71,308 $0 12.58%
$200k-400k 30 $8,000,000 $266,667 $0 11.80%
$400k-600k 2 $900,000 $450,000 $0 11.99%
$1MM+ 1 $1,125,000 $1,125,000 $0 11.99%
$600k-1MM 1 $635,000 $635,000 $0 8.99%

2021 saw Secured Investment Corp. place emphasis on $100k-200k loans with 134 originations, totaling $19,160,000 in origination value.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 298 $39,090,000 $131,174 $0 12.28%

Approval Rates

Total approvals of all applications
99.59%

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
-467.27%

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 298 $39,090,000 $131,174

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
298 $39,090,000 $131,174

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
40-60% 20 $1,470,000 $73,500 $0 12.49%
60-80% 58 $6,950,000 $119,828 $0 12.01%
80-100% 55 $7,135,000 $129,727 $0 12.30%
Over 100% 165 $23,535,000 $142,636 $0 12.34%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Security National Financial Corp Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
Security National Financial Corp Conventional home mortgage Closing on a mortgage 1 7.1%
Security National Financial Corp Conventional home mortgage Incorrect information on your report 1 7.1%
Security National Financial Corp Conventional home mortgage Trouble during payment process 5 35.7%
Security National Financial Corp FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
Security National Financial Corp FHA mortgage Trouble during payment process 2 14.3%
Security National Financial Corp Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 14.3%
Security National Financial Corp VA mortgage Closing on a mortgage 1 7.1%