Secured Investment Corp. Mortgage Rates, Fees & Info

Sheridan, WY

LEI: 2549003K48UGTWEK6O31

Tax ID: 45-4000168

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Philadelphia, Chicago, Jacksonville, and Pittsburgh among others. We have data for 73 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% 12/3/24
    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

    172

    Origination Dollar Volume (All Markets)

    $20,340,000

    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 30 $3,310,000 $110,333 $0 9.90%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 13 $2,085,000 $160,385 $0 9.90%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 9 $1,265,000 $140,556 $0 9.90%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 12 $960,000 $80,000 $0 9.90%
    JACKSONVILLE, FL (FHA|USDA|VA) 5 $565,000 $113,000 $0 9.90%
    PITTSBURGH, PA (FHA|USDA|VA) 5 $555,000 $111,000 $0 9.90%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $515,000 $515,000 $0 9.90%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 3 $495,000 $165,000 $0 9.90%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $450,000 $225,000 $0 9.90%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $450,000 $225,000 $0 9.90%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $410,000 $205,000 $0 9.90%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $385,000 $128,333 $0 9.90%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $360,000 $90,000 $0 9.90%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 5 $345,000 $69,000 $0 9.90%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $300,000 $150,000 $0 9.90%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $260,000 $130,000 $0 9.90%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $255,000 $255,000 $0 9.90%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $250,000 $62,500 $0 9.90%
    COLUMBUS, OH (FHA|USDA|VA) 3 $235,000 $78,333 $0 9.90%
    Cañon City, CO (FHA|USDA|VA) 1 $225,000 $225,000 $0 9.90%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 3 $225,000 $75,000 $0 9.90%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $225,000 $225,000 $0 9.90%
    Hilo, HI (FHA|USDA|VA) 1 $225,000 $225,000 $0 9.90%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $225,000 $225,000 $0 9.90%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $215,000 $215,000 $0 9.90%
    STOCKTON, CA (FHA|USDA|VA) 1 $205,000 $205,000 $0 9.90%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $205,000 $205,000 $0 9.90%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $195,000 $195,000 $0 9.90%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $185,000 $185,000 $0 9.90%
    WORCESTER, MA-CT (FHA|USDA|VA) 2 $180,000 $90,000 $0 9.90%
    Salem, OH (FHA|USDA|VA) 2 $180,000 $90,000 $0 9.90%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $175,000 $175,000 $0 9.90%
    RICHMOND, VA (FHA|USDA|VA) 2 $170,000 $85,000 $0 9.90%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 9.90%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $155,000 $155,000 $0 9.90%
    Minot, ND (FHA|USDA|VA) 1 $155,000 $155,000 $0 9.90%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $155,000 $155,000 $0 9.90%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $150,000 $75,000 $0 9.90%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $145,000 $145,000 $0 9.90%
    Williston, ND (FHA|USDA|VA) 1 $145,000 $145,000 $0 9.90%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $145,000 $145,000 $0 9.90%
    TYLER, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 9.90%
    LaGrange, GA-AL (FHA|USDA|VA) 2 $140,000 $70,000 $0 9.90%
    LOUISVILLE, KY (FHA|USDA|VA) 2 $130,000 $65,000 $0 9.90%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $125,000 $125,000 $0 9.90%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $120,000 $60,000 $0 9.90%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $120,000 $60,000 $0 9.90%
    URBAN HONOLULU, HI (FHA|USDA|VA) 1 $115,000 $115,000 $0 9.90%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $115,000 $115,000 $0 9.90%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.90%
    WICHITA FALLS, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.90%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.90%
    Hillsdale, MI (FHA|USDA|VA) 1 $95,000 $95,000 $0 9.90%
    HATTIESBURG, MS (FHA|USDA|VA) 1 $95,000 $95,000 $0 9.90%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $95,000 $95,000 $0 9.90%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $95,000 $95,000 $0 9.90%
    WACO, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 9.90%
    TOPEKA, KS (FHA|USDA|VA) 1 $85,000 $85,000 $0 9.90%
    AKRON, OH (FHA|USDA|VA) 1 $85,000 $85,000 $0 9.90%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $85,000 $85,000 $0 9.90%
    MONROE, MI (FHA|USDA|VA) 1 $85,000 $85,000 $0 9.90%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $85,000 $85,000 $0 9.90%
    LAKE CHARLES, LA (FHA|USDA|VA) 1 $85,000 $85,000 $0 9.90%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $65,000 $65,000 $0 9.90%
    BINGHAMTON, NY (FHA|USDA|VA) 1 $65,000 $65,000 $0 9.90%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $65,000 $65,000 $0 9.90%
    TULSA, OK (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.90%
    Manitowoc, WI (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.90%
    CHARLESTON, WV (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.90%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.90%
    JACKSON, MS (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.90%
    ROCHESTER, NY (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.90%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.90%
    Secured Investment Corp.'s top markets include Atlanta, Philadelphia, Chicago, Jacksonville, and Pittsburgh among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 172 $20,340,000 $118,256 $0 9.90%

    For 2020, Secured Investment Corp.'s most frequently originated type of loan was Conventional, with 172 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 147 $18,155,000 $123,503 $0 9.90%
    Refi 20 $1,740,000 $87,000 $0 9.90%
    Cash Out Refi 3 $295,000 $98,333 $0 9.90%
    Home Improvement 2 $150,000 $75,000 $0 9.90%

    For 2020, Secured Investment Corp.'s most frequently cited loan purpose was Home Purchase, with 147 originations. The 2nd most popular reason was Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    1 Year 153 $17,735,000 $115,915 $0 9.90%
    Other 17 $2,475,000 $145,588 $0 9.90%
    30 Year 2 $130,000 $65,000 $0 9.90%

    For 2020, Secured Investment Corp.'s most frequently cited loan duration was 1 Year, with 153 originations. The 2nd most popular length was Other, with 17 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 172 $20,340,000 $118,256

    During 2020, Secured Investment Corp.'s average interest rate for loans was 9.90%, while their most frequently originated rate bucket for loans was Over 8%, with 172 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 89 $6,295,000 $70,730 $0 9.90%
    $100k-200k 61 $8,505,000 $139,426 $0 9.90%
    $200k-400k 20 $4,610,000 $230,500 $0 9.90%
    $400k-600k 2 $930,000 $465,000 $0 9.90%

    2020 saw Secured Investment Corp. place emphasis on $100,000 or less loans with 89 originations, totaling $6,295,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 172 $20,340,000 $118,256 $0 9.90%

    Approval Rates

    Total approvals of all applications
    99.94%

    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
    -562.21%

    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 172 $20,340,000 $118,256

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 172 $20,340,000 $118,256

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $65,000 $65,000 $0 9.90%
    40-60% 17 $1,285,000 $75,588 $0 9.90%
    60-80% 21 $2,085,000 $99,286 $0 9.90%
    80-100% 25 $3,185,000 $127,400 $0 9.90%
    Over 100% 107 $13,565,000 $126,776 $0 9.90%
    Under 20% 1 $155,000 $155,000 $0 9.90%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Security National Financial Corp Conventional home mortgage Closing on a mortgage 2 33.3%
    Security National Financial Corp Conventional home mortgage Trouble during payment process 4 66.7%