Corporate Investors Mortgage Group Rates, Fees & Info

Chapel Hill, NC

LEI: 2549006SV57592TPRW11

Tax ID: 56-2007637

5 stars - Updated: 9/25/23 - out of 5 stars, based on 36 reviews

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

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Mortgage Data

Review & Overview

Corporate Investors Mortgage Group is a smaller mortgage company specializing in Home Purchase loans. Corporate Investors Mortgage Group has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Durham, Raleigh, Morehead City, Burlington, and Myrtle Beach among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)

Corporate Investors Mortgage Group 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. Corporate Investors Mortgage Group is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.54% 9/25/23
30 Year Conventional Refi 6.56% 9/25/23
30 Year FHA Purchase 7.07% 9/25/23
30 Year FHA Refi 6.27% 9/25/23
30 Year VA Purchase 6.15% 9/25/23
30 Year VA Refi 6.40% 9/25/23
30 Year USDA Purchase 6.90% 9/25/23
15 Year Conventional Purchase 5.92% 9/25/23
15 Year Conventional Refi 6.06% 9/25/23
15 Year Cash-out Refi 6.06% 9/25/23
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.

Corporate Investors Mortgage Group Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Corporate Investors Mortgage Group. 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

1,297

Origination Dollar Volume (All Markets)

$493,675,000
Show all (16) awards

Relative Rate

Corporate Investors Mortgage Group's average 30 year fixed mortgage rate was 4.85%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.09%.

Relative Fees (Closing Costs)

Corporate Investors Mortgage Group's average total fees/closing costs for a 30 year fixed rate mortgage were $5,007.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 640 $255,400,000 $399,063 $4,556 4.66%
RALEIGH-CARY, NC (FHA|USDA|VA) 379 $148,295,000 $391,280 $5,400 4.70%
Morehead City, NC (FHA|USDA|VA) 119 $45,745,000 $384,412 $5,302 4.95%
BURLINGTON, NC (FHA|USDA|VA) 42 $10,300,000 $245,238 $4,721 4.95%
Outside of Metro Areas 11 $3,465,000 $315,000 $7,255 5.53%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 9 $3,045,000 $338,333 $6,330 5.40%
Boone, NC (FHA|USDA|VA) 5 $2,675,000 $535,000 $6,365 5.03%
WINSTON-SALEM, NC (FHA|USDA|VA) 7 $2,625,000 $375,000 $3,650 4.23%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 7 $2,475,000 $353,571 $5,058 4.59%
JACKSONVILLE, NC (FHA|USDA|VA) 11 $2,305,000 $209,545 $4,654 5.53%
GREENVILLE, NC (FHA|USDA|VA) 10 $2,170,000 $217,000 $4,375 4.96%
WILMINGTON, NC (FHA|USDA|VA) 8 $2,160,000 $270,000 $3,894 4.83%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 8 $2,010,000 $251,250 $6,915 5.44%
ASHEVILLE, NC (FHA|USDA|VA) 6 $1,640,000 $273,333 $5,814 5.50%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 4 $1,340,000 $335,000 $3,188 4.50%
ROCKY MOUNT, NC (FHA|USDA|VA) 5 $1,305,000 $261,000 $6,554 5.35%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $940,000 $470,000 $3,419 3.81%
Wilson, NC (FHA|USDA|VA) 4 $930,000 $232,500 $3,325 4.81%
FAYETTEVILLE, NC (FHA|USDA|VA) 5 $925,000 $185,000 $2,748 5.18%
NEW BERN, NC (FHA|USDA|VA) 4 $790,000 $197,500 $8,549 5.03%
Sanford, NC (FHA|USDA|VA) 3 $585,000 $195,000 $2,771 4.46%
Forest City, NC (FHA|USDA|VA) 1 $565,000 $565,000 $5,396 5.50%
Brevard, NC (FHA|USDA|VA) 2 $550,000 $275,000 $4,527 4.81%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $485,000 $485,000 $3,728 4.38%
COLUMBIA, SC (FHA|USDA|VA) 1 $295,000 $295,000 $5,360 4.50%
Roanoke Rapids, NC (FHA|USDA|VA) 1 $235,000 $235,000 $2,799 3.13%
Greenwood, SC (FHA|USDA|VA) 1 $215,000 $215,000 $4,353 3.13%
GOLDSBORO, NC (FHA|USDA|VA) 1 $205,000 $205,000 $2,600 6.00%
Corporate Investors Mortgage Group's top markets include Durham, Raleigh, Morehead City, Burlington, and Myrtle Beach among others.

Their top states include:
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Corporate Investors Mortgage Group based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,258 $479,240,000 $380,954 $4,719 4.74%
    FHA 18 $6,150,000 $341,667 $12,359 5.38%
    VA 17 $7,175,000 $422,059 $11,867 4.21%
    USDA 4 $1,110,000 $277,500 $7,580 4.78%

    For 2022, Corporate Investors Mortgage Group's most frequently originated type of loan was Conventional, with 1,258 originations. Their 2nd most popular type was FHA, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,061 $417,095,000 $393,115 $5,249 4.92%
    Refi 236 $76,580,000 $324,492 $3,488 3.94%

    For 2022, Corporate Investors Mortgage Group's most frequently cited loan purpose was Home Purchase, with 1,061 originations. The 2nd most popular reason was Refi, with 236 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,188 $460,810,000 $387,887 $5,007 4.85%
    15 Year 91 $26,555,000 $291,813 $4,235 3.52%
    20 Year 14 $4,750,000 $339,286 $3,112 3.78%
    10 Year 3 $1,325,000 $441,667 $4,127 3.42%
    Other 1 $235,000 $235,000 $1,930 3.38%

    For 2022, Corporate Investors Mortgage Group's most frequently cited loan duration was 30 Year, with 1,188 originations. The 2nd most popular length was 15 Year, with 91 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 743 $294,565,000 $396,454
    $5k+ 185 $82,265,000 $444,676
    $1k-2k 111 $33,145,000 $298,604
    $2k-3k 105 $30,735,000 $292,714
    $3k-4k 89 $30,225,000 $339,607
    $4k-5k 64 $22,740,000 $355,313

    Corporate Investors Mortgage Group's average total fees were $5,007, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 743 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 391 $150,225,000 $384,207
    5-6% 382 $145,730,000 $381,492
    4-5% 295 $118,095,000 $400,322
    6-7% 143 $51,415,000 $359,545
    2.5-3% 43 $15,285,000 $355,465
    7-8% 27 $8,285,000 $306,852
    <2.5% 16 $4,640,000 $290,000

    During 2022, Corporate Investors Mortgage Group's average interest rate for loans was 4.85%, while their most frequently originated rate bucket for loans was 3-4%, with 391 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 632 $189,370,000 $299,636 $4,648 4.81%
    $400k-600k 347 $167,645,000 $483,127 $5,440 4.73%
    $100k-200k 165 $26,255,000 $159,121 $3,633 4.58%
    $600k-1MM 125 $86,215,000 $689,720 $6,094 4.67%
    $1MM+ 21 $23,635,000 $1,125,476 $8,569 4.42%
    $100,000 or less 7 $555,000 $79,286 $3,392 4.46%

    2022 saw Corporate Investors Mortgage Group place emphasis on $200k-400k loans with 632 originations, totaling $189,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 388 $167,430,000 $431,521 $5,272 4.83%
    $100k-150k 337 $118,315,000 $351,083 $4,918 4.73%
    $250k+ 193 $104,125,000 $539,508 $5,538 4.65%
    $75k-100k 188 $57,760,000 $307,234 $4,682 4.71%
    $50k-75k 153 $38,895,000 $254,216 $3,956 4.72%
    $50k or less 38 $7,150,000 $188,158 $3,537 4.59%

    Corporate Investors Mortgage Group lent most frequently to those with incomes in the $150k-250k range, with 388 originations. The second most popular income band? $100k-150k, with 337 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 328 $123,700,000 $377,134 $4,592 4.53%
    30-36% 256 $101,600,000 $396,875 $5,063 4.74%
    <20% 141 $54,115,000 $383,794 $4,674 4.35%
    38% 51 $18,495,000 $362,647 $5,228 4.99%
    45% 49 $16,455,000 $335,816 $4,616 4.82%
    42% 48 $20,540,000 $427,917 $5,135 4.95%
    39% 48 $19,620,000 $408,750 $5,701 4.97%
    37% 44 $17,760,000 $403,636 $4,886 4.91%
    40% 41 $15,375,000 $375,000 $5,777 4.72%
    49% 39 $13,975,000 $358,333 $5,364 4.93%
    36% 38 $16,830,000 $442,895 $5,034 4.85%
    41% 37 $13,835,000 $373,919 $5,280 5.47%
    43% 36 $11,940,000 $331,667 $4,316 4.89%
    46% 33 $10,015,000 $303,485 $4,455 5.16%
    44% 33 $11,435,000 $346,515 $5,075 4.92%
    48% 32 $11,810,000 $369,063 $4,458 5.00%
    47% 30 $11,500,000 $383,333 $5,107 4.73%
    50-60% 13 $4,675,000 $359,615 $7,997 5.27%

    Corporate Investors Mortgage Group lent most frequently to those with DTI ratios of 20-30%, with 328 originations. The next most common DTI ratio? 30-36%, with 256 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,115 $428,705,000 $384,489 $4,892 4.75%
    Asian 91 $31,985,000 $351,484 $4,664 4.49%
    Black 53 $18,875,000 $356,132 $5,813 4.62%
    Not provided 32 $11,660,000 $364,375 $5,391 5.29%
    American Indian 4 $1,650,000 $412,500 $5,363 4.88%
    Asian Indian 1 $415,000 $415,000 $3,292 4.00%
    Chinese 1 $385,000 $385,000 $6,725 3.63%

    Approval Rates

    Total approvals of all applications
    99.79%

    Corporate Investors Mortgage Group 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
    89.67%

    Corporate Investors Mortgage Group has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,297 $493,675,000 $380,628

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,297 $493,675,000 $380,628

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 60 $12,400,000 $206,667 $3,639 4.56%
    40-60% 174 $52,640,000 $302,529 $3,877 4.29%
    60-80% 523 $207,955,000 $397,620 $5,002 4.80%
    80-100% 533 $218,735,000 $410,385 $5,212 4.85%
    Over 100% 4 $1,660,000 $415,000 $23,890 4.03%
    Under 20% 3 $285,000 $95,000 $3,167 5.33%