Secured Investment Corp. Mortgage Rates, Fees & Info

Sheridan, WY

LEI: 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.27% 7/20/24
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

221

Origination Dollar Volume (All Markets)

$31,575,000

Relative 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%
Secured Investment Corp.'s top markets include Chicago, St. Louis, Birmingham, Pittsburgh, and Atlanta among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • 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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 108 $15,590,000 $144,352 $0 12.69%
    $100,000 or less 74 $5,500,000 $74,324 $0 12.63%
    $200k-400k 38 $10,000,000 $263,158 $0 12.54%
    $400k-600k 1 $485,000 $485,000 $0 9.99%

    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 applications
    99.78%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    221 $31,575,000 $142,873

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $340,000 $85,000 $0 12.74%
    40-60% 28 $2,380,000 $85,000 $0 13.44%
    60-80% 26 $3,190,000 $122,692 $0 12.99%
    80-100% 28 $4,810,000 $171,786 $0 11.83%
    Over 100% 134 $20,730,000 $154,701 $0 12.54%
    Under 20% 1 $125,000 $125,000 $0 14.99%