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: New York, New Orleans, Chicago, Detroit, and Indianapolis among others. We have data for 68 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% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
187Origination Dollar Volume (All Markets)
$26,125,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4 | $5,730,000 | $1,432,500 | $0 | 13.00% |
| Outside of Metro Areas | 36 | $3,440,000 | $95,556 | $0 | 13.70% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 6 | $1,490,000 | $248,333 | $0 | 13.42% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 14 | $1,440,000 | $102,857 | $0 | 13.29% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 7 | $925,000 | $132,143 | $0 | 13.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $0 | 13.25% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $0 | 13.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 5 | $655,000 | $131,000 | $0 | 14.40% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $625,000 | $125,000 | $0 | 12.33% |
| BATON ROUGE, LA (FHA|USDA|VA) | 5 | $615,000 | $123,000 | $0 | 13.10% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $0 | 12.88% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 13.25% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $0 | 13.38% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $0 | 15.67% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $0 | 13.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $0 | 13.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 4 | $390,000 | $97,500 | $0 | 12.88% |
| PUEBLO, CO (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $0 | 12.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $320,000 | $80,000 | $0 | 12.88% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 5 | $315,000 | $63,000 | $0 | 12.70% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $0 | 13.25% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 13.75% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 13.38% |
| Athens, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 12.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $0 | 13.33% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 14.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $0 | 13.17% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $0 | 14.67% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 13.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $0 | 13.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Hilo, HI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 15.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 12.50% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 14.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 12.00% |
| Marion, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 14.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 10.00% |
| TULSA, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 8.00% |
| DOVER, DE (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 13.00% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 13.19% |
| Shelton, WA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 15.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 13.50% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 11.00% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 12.00% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 14.00% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 12.00% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 14.00% |
| ERIE, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 13.00% |
| Palestine, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 13.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 12.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 13.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 14.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 12.00% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 14.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 12.00% |
| Searcy, AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 13.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 14.00% |
| Cambridge, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 14.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 12.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 11.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 13.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 14.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 14.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 14.00% |
| FLINT, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 15.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 187 | $26,125,000 | $139,706 | $0 | 13.28% |
For 2018, Secured Investment Corp.'s most frequently originated type of loan was Conventional, with 187 originations.
Loan Reason
For 2018, Secured Investment Corp.'s most frequently cited loan purpose was Home Purchase, with 152 originations. The 2nd most popular reason was Cash Out Refi, with 27 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 1 Year | 138 | $16,140,000 | $116,957 | $0 | 13.30% |
| Other | 49 | $9,985,000 | $203,776 | $0 | 13.14% |
For 2018, Secured Investment Corp.'s most frequently cited loan duration was 1 Year, with 138 originations. The 2nd most popular length was Other, with 49 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 155 | $17,285,000 | $111,516 |
| 7-8% | 1 | $135,000 | $135,000 |
During 2018, 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 155 originations.
Loan Sizing
2018 saw Secured Investment Corp. place emphasis on $100,000 or less loans with 98 originations, totaling $6,130,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 187 | $26,125,000 | $139,706 | $0 | 13.28% |
Approval Rates
Total approvals of all applications98.46%
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-80.75%
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 | 187 | $26,125,000 | $139,706 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $170,000 | $85,000 |
| Single Family (1-4 Units):Site-Built | 185 | $25,955,000 | $140,297 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Security National Financial Corp | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
| Security National Financial Corp | Conventional home mortgage | Trouble during payment process | 3 | 60.0% |
| Security National Financial Corp | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |