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, 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% | 12/4/24 |
| 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
337Origination Dollar Volume (All Markets)
$49,675,000Top 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 | 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% |
| Cañon 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% |
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
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 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-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 |
LTV Distribution
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% |