Secured Investment Corp. Mortgage Rates, Fees & Info

Sheridan, WY

LEI: 2549003K48UGTWEK6O31

Tax ID: 45-4000168

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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: New York, Philadelphia, Chicago, Lake Charles, and St. Louis among others. We have data for 139 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.

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% 3/17/24
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

337

Origination Dollar Volume (All Markets)

$49,675,000

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 34 $5,680,000 $167,059 $0 11.74%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 10 $2,970,000 $297,000 $0 11.79%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 12 $1,840,000 $153,333 $0 11.95%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 14 $1,780,000 $127,143 $0 13.17%
LAKE CHARLES, LA (FHA|USDA|VA) 8 $1,490,000 $186,250 $0 10.75%
ST. LOUIS, MO-IL (FHA|USDA|VA) 7 $1,275,000 $182,143 $0 11.28%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 11 $1,245,000 $113,182 $0 12.33%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $1,025,000 $341,667 $0 11.99%
BATON ROUGE, LA (FHA|USDA|VA) 5 $935,000 $187,000 $0 12.99%
PITTSBURGH, PA (FHA|USDA|VA) 9 $825,000 $91,667 $0 13.85%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 11 $815,000 $74,091 $0 12.99%
TEXARKANA, TX-AR (FHA|USDA|VA) 5 $775,000 $155,000 $0 13.39%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $655,000 $218,333 $0 12.99%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $650,000 $325,000 $0 9.75%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $640,000 $320,000 $0 14.49%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $640,000 $160,000 $0 12.24%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $620,000 $310,000 $0 11.99%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $515,000 $171,667 $0 13.99%
COLUMBIA, SC (FHA|USDA|VA) 3 $515,000 $171,667 $0 13.66%
WORCESTER, MA-CT (FHA|USDA|VA) 2 $490,000 $245,000 $0 10.49%
FORT SMITH, AR-OK (FHA|USDA|VA) 4 $490,000 $122,500 $0 9.75%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 5 $475,000 $95,000 $0 11.19%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $450,000 $225,000 $0 11.37%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $440,000 $220,000 $0 12.99%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $435,000 $435,000 $0 11.99%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $435,000 $145,000 $0 12.99%
MIDLAND, TX (FHA|USDA|VA) 3 $425,000 $141,667 $0 12.32%
Blackfoot, ID (FHA|USDA|VA) 2 $410,000 $205,000 $0 11.99%
Alamogordo, NM (FHA|USDA|VA) 4 $410,000 $102,500 $0 10.74%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $405,000 $405,000 $0 10.99%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $390,000 $195,000 $0 10.37%
DAYTON-KETTERING, OH (FHA|USDA|VA) 4 $390,000 $97,500 $0 12.99%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $375,000 $125,000 $0 11.50%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $365,000 $365,000 $0 9.99%
LAWTON, OK (FHA|USDA|VA) 4 $360,000 $90,000 $0 13.99%
SUMTER, SC (FHA|USDA|VA) 3 $355,000 $118,333 $0 10.32%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $355,000 $355,000 $0 13.99%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $350,000 $175,000 $0 12.99%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 4 $350,000 $87,500 $0 9.75%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $345,000 $115,000 $0 11.99%
Outside of Metro Areas 1 $335,000 $335,000 $0 10.00%
ASHEVILLE, NC (FHA|USDA|VA) 1 $335,000 $335,000 $0 9.75%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $330,000 $165,000 $0 11.49%
BILLINGS, MT (FHA|USDA|VA) 2 $320,000 $160,000 $0 13.49%
Concord, NH (FHA|USDA|VA) 2 $320,000 $160,000 $0 12.49%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $315,000 $315,000 $0 12.99%
Bay City, TX (FHA|USDA|VA) 3 $305,000 $101,667 $0 14.32%
McComb, MS (FHA|USDA|VA) 3 $305,000 $101,667 $0 13.32%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $305,000 $305,000 $0 12.99%
ROCKY MOUNT, NC (FHA|USDA|VA) 2 $300,000 $150,000 $0 14.49%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $295,000 $295,000 $0 11.99%
OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $295,000 $98,333 $0 9.66%
Baraboo, WI (FHA|USDA|VA) 1 $285,000 $285,000 $0 13.99%
GETTYSBURG, PA (FHA|USDA|VA) 1 $285,000 $285,000 $0 14.99%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $285,000 $95,000 $0 13.66%
Elizabeth City, NC (FHA|USDA|VA) 2 $280,000 $140,000 $0 13.99%
MOBILE, AL (FHA|USDA|VA) 2 $280,000 $140,000 $0 14.49%
WINSTON-SALEM, NC (FHA|USDA|VA) 3 $275,000 $91,667 $0 12.32%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $265,000 $265,000 $0 13.99%
KOKOMO, IN (FHA|USDA|VA) 3 $265,000 $88,333 $0 9.99%
REDDING, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 13.99%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $245,000 $245,000 $0 11.99%
JACKSON, MS (FHA|USDA|VA) 2 $240,000 $120,000 $0 11.99%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $235,000 $235,000 $0 10.99%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $235,000 $235,000 $0 13.99%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 12.99%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $220,000 $110,000 $0 13.99%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $220,000 $110,000 $0 10.99%
MONTGOMERY, AL (FHA|USDA|VA) 5 $215,000 $43,000 $0 12.99%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $210,000 $105,000 $0 9.99%
ROCKFORD, IL (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.99%
BOISE CITY, ID (FHA|USDA|VA) 1 $205,000 $205,000 $0 9.75%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $195,000 $195,000 $0 12.99%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $185,000 $185,000 $0 13.99%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $185,000 $185,000 $0 9.75%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 13.99%
GAINESVILLE, FL (FHA|USDA|VA) 2 $180,000 $90,000 $0 11.99%
Frankfort, KY (FHA|USDA|VA) 1 $165,000 $165,000 $0 13.99%
Searcy, AR (FHA|USDA|VA) 1 $165,000 $165,000 $0 13.99%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $165,000 $165,000 $0 11.00%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 14.99%
Forest City, NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 11.99%
CaƱon City, CO (FHA|USDA|VA) 1 $155,000 $155,000 $0 10.04%
TUSCALOOSA, AL (FHA|USDA|VA) 2 $150,000 $75,000 $0 11.99%
Sunbury, PA (FHA|USDA|VA) 2 $150,000 $75,000 $0 12.99%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 2 $150,000 $75,000 $0 12.49%
Brookhaven, MS (FHA|USDA|VA) 1 $145,000 $145,000 $0 13.99%
KNOXVILLE, TN (FHA|USDA|VA) 1 $145,000 $145,000 $0 12.99%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $145,000 $145,000 $0 12.99%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $145,000 $145,000 $0 15.99%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $135,000 $135,000 $0 12.99%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $135,000 $135,000 $0 13.99%
LOUISVILLE, KY (FHA|USDA|VA) 1 $135,000 $135,000 $0 9.75%
PUEBLO, CO (FHA|USDA|VA) 1 $135,000 $135,000 $0 12.99%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $135,000 $135,000 $0 11.99%
Orangeburg, SC (FHA|USDA|VA) 1 $135,000 $135,000 $0 14.99%
Pottsville, PA (FHA|USDA|VA) 2 $130,000 $65,000 $0 12.49%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $130,000 $65,000 $0 12.49%
PINE BLUFF, AR (FHA|USDA|VA) 2 $130,000 $65,000 $0 13.99%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $125,000 $125,000 $0 11.99%
Hilo, HI (FHA|USDA|VA) 1 $125,000 $125,000 $0 11.99%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $125,000 $125,000 $0 12.99%
SAGINAW, MI (FHA|USDA|VA) 1 $125,000 $125,000 $0 13.99%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 14.99%
YUBA CITY, CA (FHA|USDA|VA) 1 $115,000 $115,000 $0 11.99%
TULSA, OK (FHA|USDA|VA) 1 $115,000 $115,000 $0 10.99%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $115,000 $115,000 $0 11.99%
Blytheville, AR (FHA|USDA|VA) 1 $115,000 $115,000 $0 13.99%
TYLER, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 14.99%
Enterprise, AL (FHA|USDA|VA) 1 $105,000 $105,000 $0 14.99%
GOLDSBORO, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 11.99%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 11.99%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $100,000 $50,000 $0 13.49%
BATTLE CREEK, MI (FHA|USDA|VA) 1 $95,000 $95,000 $0 11.99%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $95,000 $95,000 $0 12.99%
SPARTANBURG, SC (FHA|USDA|VA) 1 $95,000 $95,000 $0 13.99%
Washington, NC (FHA|USDA|VA) 1 $85,000 $85,000 $0 13.99%
Ardmore, OK (FHA|USDA|VA) 1 $85,000 $85,000 $0 15.99%
Oil City, PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 11.99%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $85,000 $85,000 $0 12.99%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $85,000 $85,000 $0 15.99%
Thomasville, GA (FHA|USDA|VA) 1 $85,000 $85,000 $0 12.99%
LaGrange, GA-AL (FHA|USDA|VA) 1 $75,000 $75,000 $0 13.99%
Lumberton, NC (FHA|USDA|VA) 1 $75,000 $75,000 $0 12.99%
AKRON, OH (FHA|USDA|VA) 1 $75,000 $75,000 $0 10.99%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $75,000 $75,000 $0 13.99%
MORGANTOWN, WV (FHA|USDA|VA) 1 $75,000 $75,000 $0 9.75%
Charleston-Mattoon, IL (FHA|USDA|VA) 1 $65,000 $65,000 $0 12.99%
FLINT, MI (FHA|USDA|VA) 1 $65,000 $65,000 $0 15.99%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 12.99%
BINGHAMTON, NY (FHA|USDA|VA) 1 $65,000 $65,000 $0 15.99%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $65,000 $65,000 $0 10.99%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $65,000 $65,000 $0 11.99%
ODESSA, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 11.99%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $65,000 $65,000 $0 10.99%
FOND DU LAC, WI (FHA|USDA|VA) 1 $55,000 $55,000 $0 11.99%
JOHNSTOWN, PA (FHA|USDA|VA) 1 $45,000 $45,000 $0 13.99%
Martinsville, VA (FHA|USDA|VA) 1 $45,000 $45,000 $0 14.99%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 13.99%
Secured Investment Corp.'s top markets include New York, Philadelphia, Chicago, Lake Charles, and St. Louis among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 337 $49,675,000 $147,404 $0 12.38%

    For 2022, Secured Investment Corp.'s most frequently originated type of loan was Conventional, with 337 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 335 $49,365,000 $147,358 $0 12.39%
    Refi 1 $85,000 $85,000 $0 11.99%
    Cash Out Refi 1 $225,000 $225,000 $0 9.99%

    For 2022, Secured Investment Corp.'s most frequently cited loan purpose was Home Purchase, with 335 originations. The 2nd most popular reason was Refi, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    1 Year 324 $48,620,000 $150,062 $0 12.35%
    Other 13 $1,055,000 $81,154 $0 13.07%

    For 2022, Secured Investment Corp.'s most frequently cited loan duration was 1 Year, with 324 originations. The 2nd most popular length was Other, with 13 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 337 $49,675,000 $147,404

    During 2022, Secured Investment Corp.'s average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 337 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 137 $19,415,000 $141,715 $0 12.29%
    $100,000 or less 123 $8,505,000 $69,146 $0 12.75%
    $200k-400k 68 $17,560,000 $258,235 $0 12.03%
    $400k-600k 8 $3,490,000 $436,250 $0 11.71%
    $600k-1MM 1 $705,000 $705,000 $0 8.99%

    2022 saw Secured Investment Corp. place emphasis on $100k-200k loans with 137 originations, totaling $19,415,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 337 $49,675,000 $147,404 $0 12.38%

    Approval Rates

    Total approvals of all applications
    100.00%

    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
    -459.05%

    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 337 $49,675,000 $147,404

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    337 $49,675,000 $147,404

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $115,000 $115,000 $0 11.99%
    40-60% 44 $3,780,000 $85,909 $0 13.17%
    60-80% 50 $6,830,000 $136,600 $0 12.66%
    80-100% 87 $14,745,000 $169,483 $0 12.21%
    Over 100% 154 $24,140,000 $156,753 $0 12.16%
    Under 20% 1 $65,000 $65,000 $0 13.99%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Security National Financial Corp Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 100.0%