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: Philadelphia, Chicago, Atlanta, New York, and Kansas City among others. We have data for 125 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% | 4/28/24 |
| 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
298Origination Dollar Volume (All Markets)
$39,090,000Top 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 | 14 | $2,390,000 | $170,714 | $0 | 10.99% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 18 | $2,220,000 | $123,333 | $0 | 12.44% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 16 | $1,730,000 | $108,125 | $0 | 13.37% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 10 | $1,500,000 | $150,000 | $0 | 13.17% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 5 | $1,455,000 | $291,000 | $0 | 12.39% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 9 | $1,135,000 | $126,111 | $0 | 13.10% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $0 | 11.99% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 9 | $945,000 | $105,000 | $0 | 12.88% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 9 | $925,000 | $102,778 | $0 | 10.44% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 6 | $920,000 | $153,333 | $0 | 11.49% |
| PITTSBURGH, PA (FHA|USDA|VA) | 6 | $870,000 | $145,000 | $0 | 11.37% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $745,000 | $149,000 | $0 | 10.79% |
| COLUMBUS, OH (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $0 | 10.24% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 8.99% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $0 | 9.75% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $0 | 11.32% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $0 | 11.16% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 6 | $580,000 | $96,667 | $0 | 12.83% |
| TULSA, OK (FHA|USDA|VA) | 5 | $505,000 | $101,000 | $0 | 14.39% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 12.99% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 4 | $420,000 | $105,000 | $0 | 9.75% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $0 | 11.99% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 6 | $410,000 | $68,333 | $0 | 12.32% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 5 | $395,000 | $79,000 | $0 | 12.79% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 11.50% |
| Easton, MD (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 13.99% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 4 | $390,000 | $97,500 | $0 | 11.99% |
| TYLER, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 11.99% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 4 | $370,000 | $92,500 | $0 | 14.74% |
| Outside of Metro Areas | 1 | $365,000 | $365,000 | $0 | 13.99% |
| Torrington, CT (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 12.49% |
| LOUISVILLE, KY (FHA|USDA|VA) | 4 | $360,000 | $90,000 | $0 | 12.49% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $0 | 9.74% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 4 | $330,000 | $82,500 | $0 | 12.49% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 12.66% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 9.99% |
| LaGrange, GA-AL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 14.49% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 11.87% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 8.99% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 12.49% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 9.99% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 10.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 13.99% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 10.99% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 4 | $250,000 | $62,500 | $0 | 12.49% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 11.66% |
| LAWTON, OK (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 10.32% |
| Williston, ND (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 9.75% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 10.99% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 12.99% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 13.99% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 14.99% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 12.99% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 13.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 8.99% |
| AKRON, OH (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 9.75% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $0 | 13.66% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 13.99% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 13.99% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 12.99% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 13.99% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 12.99% |
| Crossville, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 9.99% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 16.99% |
| FLORENCE, SC (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 14.49% |
| CHICO, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 13.99% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 12.99% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 12.99% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.99% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 11.99% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 13.99% |
| Brookhaven, MS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 10.99% |
| ROCHESTER, NY (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 12.99% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 12.99% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 14.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 10.99% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 11.99% |
| Kinston, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 12.99% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 14.49% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 12.99% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 14.99% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 10.50% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 12.00% |
| PINE BLUFF, AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 10.99% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 13.99% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 15.99% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 12.99% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 14.99% |
| Riverton, WY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 10.99% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 12.99% |
| Fort Polk South, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 13.99% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.99% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 12.99% |
| Clarksburg, WV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.75% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.99% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 13.99% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 11.99% |
| Beeville, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 14.99% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 11.99% |
| Union City, TN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 12.99% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 14.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 14.99% |
| Meridian, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.99% |
| Ottawa, KS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 12.99% |
| Sweetwater, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 13.99% |
| Bennettsville, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 14.99% |
| Marion, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 11.99% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 11.99% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.99% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 14.99% |
| NILES, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 12.99% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 9.99% |
| New Castle, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 11.99% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 11.99% |
| Logansport, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 12.99% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 15.99% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 15.99% |
| Manitowoc, WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 12.99% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 14.99% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 13.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 2.00% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 12.99% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 11.99% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 14.99% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 12.99% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 298 | $39,090,000 | $131,174 | $0 | 12.28% |
For 2021, Secured Investment Corp.'s most frequently originated type of loan was Conventional, with 298 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 266 | $35,860,000 | $134,812 | $0 | 12.22% |
| Refi | 29 | $2,855,000 | $98,448 | $0 | 12.93% |
| Home Improvement | 3 | $375,000 | $125,000 | $0 | 11.66% |
For 2021, Secured Investment Corp.'s most frequently cited loan purpose was Home Purchase, with 266 originations. The 2nd most popular reason was Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 1 Year | 279 | $37,225,000 | $133,423 | $0 | 12.26% |
| Other | 19 | $1,865,000 | $98,158 | $0 | 12.60% |
For 2021, Secured Investment Corp.'s most frequently cited loan duration was 1 Year, with 279 originations. The 2nd most popular length was Other, with 19 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 294 | $38,500,000 | $130,952 |
| <2.5% | 3 | $395,000 | $131,667 |
| 7-8% | 1 | $195,000 | $195,000 |
During 2021, 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 294 originations.
Loan Sizing
2021 saw Secured Investment Corp. place emphasis on $100k-200k loans with 134 originations, totaling $19,160,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 298 | $39,090,000 | $131,174 | $0 | 12.28% |
Approval Rates
Total approvals of all applications100.00%
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-427.18%
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 | 298 | $39,090,000 | $131,174 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Security National Financial Corp | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| Security National Financial Corp | Conventional home mortgage | Closing on a mortgage | 1 | 7.1% |
| Security National Financial Corp | Conventional home mortgage | Incorrect information on your report | 1 | 7.1% |
| Security National Financial Corp | Conventional home mortgage | Trouble during payment process | 5 | 35.7% |
| Security National Financial Corp | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| Security National Financial Corp | FHA mortgage | Trouble during payment process | 2 | 14.3% |
| Security National Financial Corp | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 14.3% |
| Security National Financial Corp | VA mortgage | Closing on a mortgage | 1 | 7.1% |