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: Atlanta, New Orleans, Philadelphia, Chicago, and Pittsburgh among others. We have data for 77 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 4/18/24 |
| 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
168Origination Dollar Volume (All Markets)
$17,420,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 23 | $2,595,000 | $112,826 | $0 | 10.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 10 | $1,240,000 | $124,000 | $0 | 10.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 5 | $825,000 | $165,000 | $0 | 10.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $650,000 | $108,333 | $0 | 10.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 8 | $620,000 | $77,500 | $0 | 10.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 5 | $475,000 | $95,000 | $0 | 10.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 6 | $470,000 | $78,333 | $0 | 10.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $0 | 10.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $0 | 10.00% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 4 | $420,000 | $105,000 | $0 | 10.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 5 | $415,000 | $83,000 | $0 | 10.00% |
| CHARLESTON, WV (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 10.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $0 | 10.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $0 | 10.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 10.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $0 | 10.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 10.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 10.00% |
| ALBANY, GA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 10.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 10.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 10.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 10.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 10.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $0 | 10.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $0 | 10.00% |
| AKRON, OH (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 10.00% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 10.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 10.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 10.00% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 10.00% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 10.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 10.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 10.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 10.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 10.00% |
| NEW BERN, NC (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 10.00% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 10.00% |
| Starkville, MS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 10.00% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 10.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 10.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 10.00% |
| Grants, NM (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.00% |
| ERIE, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.00% |
| Blytheville, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.00% |
| Laconia, NH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 10.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.00% |
| NILES, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.00% |
| Salem, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 10.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 10.00% |
| Shelby, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.00% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.00% |
| Meadville, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.00% |
| Ardmore, OK (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.00% |
| Oskaloosa, IA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.00% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.00% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.00% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 10.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 10.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 10.00% |
| Vicksburg, MS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 10.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 10.00% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 10.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 168 | $17,420,000 | $103,690 | $0 | 10.00% |
For 2019, Secured Investment Corp.'s most frequently originated type of loan was Conventional, with 168 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 167 | $17,385,000 | $104,102 | $0 | 10.00% |
| Cash Out Refi | 1 | $35,000 | $35,000 | $0 | 10.00% |
For 2019, Secured Investment Corp.'s most frequently cited loan purpose was Home Purchase, with 167 originations. The 2nd most popular reason was Cash Out Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 1 Year | 148 | $15,900,000 | $107,432 | $0 | 10.00% |
| Other | 20 | $1,520,000 | $76,000 | $0 | 10.00% |
For 2019, Secured Investment Corp.'s most frequently cited loan duration was 1 Year, with 148 originations. The 2nd most popular length was Other, with 20 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 168 | $17,420,000 | $103,690 |
During 2019, 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 168 originations.
Loan Sizing
2019 saw Secured Investment Corp. place emphasis on $100,000 or less loans with 92 originations, totaling $6,110,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 168 | $17,420,000 | $103,690 | $0 | 10.00% |
Approval Rates
Total approvals of all applications99.54%
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-871.43%
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 | 168 | $17,420,000 | $103,690 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $180,000 | $90,000 |
| Single Family (1-4 Units):Site-Built | 166 | $17,240,000 | $103,855 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Security National Financial Corp | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| Security National Financial Corp | Other type of mortgage | Trouble during payment process | 1 | 33.3% |
| Security National Financial Corp | VA mortgage | Closing on a mortgage | 1 | 33.3% |