Corporate Investors Mortgage Group Rates, Fees & Info

Chapel Hill, NC

LEI: 2549006SV57592TPRW11

Tax ID: 56-2007637

5 stars - Updated: 6/9/24 - out of 5 stars, based on 27 reviews

Latest/2023 | 2022 Data | 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 New Bern among others. We have data for 26 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 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.

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% 6/9/24
30 Year Conventional Refi 6.56% 6/9/24
30 Year FHA Purchase 7.07% 6/9/24
30 Year FHA Refi 6.27% 6/9/24
30 Year VA Purchase 6.15% 6/9/24
30 Year VA Refi 6.40% 6/9/24
30 Year USDA Purchase 6.90% 6/9/24
15 Year Conventional Purchase 5.92% 6/9/24
15 Year Conventional Refi 6.06% 6/9/24
15 Year Cash-out Refi 6.06% 6/9/24
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.

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

717

Origination Dollar Volume (All Markets)

$286,765,000

Relative Rate

Corporate Investors Mortgage Group's average 30 year fixed mortgage rate was 6.64%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.16%.

Relative Fees (Closing Costs)

Corporate Investors Mortgage Group's average total fees/closing costs for a 30 year fixed rate mortgage were $6,833.

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 $9,089.

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) 373 $156,185,000 $418,727 $6,720 6.56%
RALEIGH-CARY, NC (FHA|USDA|VA) 174 $74,090,000 $425,805 $7,184 6.58%
Morehead City, NC (FHA|USDA|VA) 53 $19,715,000 $371,981 $5,199 6.92%
BURLINGTON, NC (FHA|USDA|VA) 29 $8,465,000 $291,897 $6,841 6.59%
NEW BERN, NC (FHA|USDA|VA) 14 $4,580,000 $327,143 $8,848 6.63%
WILMINGTON, NC (FHA|USDA|VA) 9 $3,065,000 $340,556 $5,309 6.79%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 10 $3,020,000 $302,000 $6,893 7.05%
WINSTON-SALEM, NC (FHA|USDA|VA) 9 $2,435,000 $270,556 $7,945 6.76%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 5 $2,375,000 $475,000 $11,058 6.90%
Outside of Metro Areas 3 $1,635,000 $545,000 $9,535 6.88%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $1,600,000 $800,000 $16,476 6.81%
FAYETTEVILLE, NC (FHA|USDA|VA) 6 $1,460,000 $243,333 $6,373 6.54%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 6 $1,430,000 $238,333 $4,855 6.31%
ASHEVILLE, NC (FHA|USDA|VA) 4 $1,180,000 $295,000 $6,008 6.94%
JACKSONVILLE, NC (FHA|USDA|VA) 5 $1,025,000 $205,000 $6,080 6.50%
Sanford, NC (FHA|USDA|VA) 3 $915,000 $305,000 $5,613 7.13%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $600,000 $300,000 $7,103 7.31%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $495,000 $495,000 $8,728 7.13%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $385,000 $385,000 $7,326 6.88%
Washington, NC (FHA|USDA|VA) 1 $385,000 $385,000 $5,103 7.13%
Marion, NC (FHA|USDA|VA) 1 $365,000 $365,000 $6,827 7.00%
Boone, NC (FHA|USDA|VA) 2 $360,000 $180,000 $6,234 6.75%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $345,000 $345,000 $12,641 7.63%
GREENVILLE, NC (FHA|USDA|VA) 1 $265,000 $265,000 $3,414 7.63%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $235,000 $235,000 $4,819 7.00%
Forest City, NC (FHA|USDA|VA) 1 $155,000 $155,000 $2,778 6.88%
Corporate Investors Mortgage Group's top markets include Durham, Raleigh, Morehead City, Burlington, and New Bern 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.

    SCIENT Federal Credit Union
    Similarity Rank: 110
    Telco Community Credit Union
    Similarity Rank: 288
    Champion Credit Union
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    Bank of Tennessee
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    Piedmont Federal Savings Bank
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    Anderson Brothers Bank
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    Allen Tate Mortgage Partners, LLC
    Similarity Rank: 1377
    Coastal Carolina National Bank
    Similarity Rank: 1880

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 670 $269,900,000 $402,836 $6,518 6.62%
    FHA 25 $7,695,000 $307,800 $11,054 6.63%
    VA 20 $8,520,000 $426,000 $10,792 6.56%
    USDA 2 $650,000 $325,000 $8,657 5.63%

    For 2023, Corporate Investors Mortgage Group's most frequently originated type of loan was Conventional, with 670 originations. Their 2nd most popular type was FHA, with 25 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 675 $272,035,000 $403,015 $6,861 6.61%
    Refi 42 $14,730,000 $350,714 $5,838 6.73%

    For 2023, Corporate Investors Mortgage Group's most frequently cited loan purpose was Home Purchase, with 675 originations. The 2nd most popular reason was Refi, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 690 $275,950,000 $399,928 $6,833 6.64%
    15 Year 26 $10,730,000 $412,692 $5,989 6.03%
    20 Year 1 $85,000 $85,000 $5,695 6.13%

    For 2023, Corporate Investors Mortgage Group's most frequently cited loan duration was 30 Year, with 690 originations. The 2nd most popular length was 15 Year, with 26 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 257 $107,425,000 $417,996
    $5k+ 203 $96,105,000 $473,424
    $3k-4k 72 $23,640,000 $328,333
    $4k-5k 70 $24,590,000 $351,286
    $2k-3k 68 $22,270,000 $327,500
    $1k-2k 47 $12,735,000 $270,957

    Corporate Investors Mortgage Group's average total fees were $6,833, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 257 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 446 $176,600,000 $395,964
    7-8% 143 $58,145,000 $406,608
    5-6% 120 $48,690,000 $405,750
    Over 8% 6 $2,440,000 $406,667
    4-5% 2 $890,000 $445,000

    During 2023, Corporate Investors Mortgage Group's average interest rate for loans was 6.64%, while their most frequently originated rate bucket for loans was 6-7%, with 446 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 330 $97,760,000 $296,242 $6,273 6.63%
    $400k-600k 201 $97,175,000 $483,458 $7,704 6.62%
    $600k-1MM 85 $59,685,000 $702,176 $7,990 6.61%
    $100k-200k 82 $13,260,000 $161,707 $4,391 6.61%
    $1MM+ 15 $18,515,000 $1,234,333 $13,556 6.64%
    $100,000 or less 4 $370,000 $92,500 $3,761 6.31%

    2023 saw Corporate Investors Mortgage Group place emphasis on $200k-400k loans with 330 originations, totaling $97,760,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 191 $84,415,000 $441,963 $7,149 6.69%
    $100k-150k 167 $59,635,000 $357,096 $7,014 6.66%
    $250k+ 154 $90,320,000 $586,494 $7,917 6.68%
    $75k-100k 100 $28,620,000 $286,200 $5,691 6.54%
    $50k-75k 84 $20,360,000 $242,381 $5,343 6.44%
    $50k or less 21 $3,415,000 $162,619 $4,867 6.31%

    Corporate Investors Mortgage Group lent most frequently to those with incomes in the $150k-250k range, with 191 originations. The second most popular income band? $100k-150k, with 167 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 147 $56,025,000 $381,122 $6,074 6.51%
    30-36% 142 $62,820,000 $442,394 $6,223 6.67%
    <20% 57 $21,805,000 $382,544 $7,428 6.66%
    49% 44 $16,410,000 $372,955 $8,590 6.43%
    40% 30 $11,660,000 $388,667 $6,904 6.76%
    46% 29 $11,905,000 $410,517 $6,790 6.46%
    41% 28 $11,960,000 $427,143 $7,560 6.43%
    39% 26 $11,230,000 $431,923 $6,851 6.84%
    37% 25 $8,715,000 $348,600 $5,401 6.75%
    42% 24 $9,810,000 $408,750 $8,320 6.71%
    38% 24 $10,320,000 $430,000 $5,775 6.57%
    36% 23 $9,005,000 $391,522 $7,781 6.58%
    47% 22 $9,790,000 $445,000 $6,957 6.76%
    45% 21 $6,975,000 $332,143 $6,224 6.73%
    48% 21 $7,825,000 $372,619 $5,995 6.66%
    43% 19 $6,815,000 $358,684 $4,896 6.91%
    50-60% 18 $7,120,000 $395,556 $11,416 6.55%
    44% 15 $5,745,000 $383,000 $7,248 6.77%
    >60% 2 $830,000 $415,000 $17,709 6.44%

    Corporate Investors Mortgage Group lent most frequently to those with DTI ratios of 20-30%, with 147 originations. The next most common DTI ratio? 30-36%, with 142 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 583 $236,525,000 $405,703 $6,788 6.62%
    Not provided 53 $20,705,000 $390,660 $6,572 6.67%
    Asian 43 $16,745,000 $389,419 $6,486 6.57%
    Black 32 $10,100,000 $315,625 $7,903 6.63%
    American Indian 4 $1,540,000 $385,000 $7,072 6.84%
    Other Asian 1 $885,000 $885,000 $4,431 5.75%
    Native Hawaiian or Islander 1 $265,000 $265,000 $5,952 7.25%

    Approval Rates

    Total approvals of all applications
    99.26%

    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
    88.15%

    Corporate Investors Mortgage Group has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 717 $286,765,000 $399,951

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    717 $286,765,000 $399,951

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $9,785,000 $238,659 $5,047 6.50%
    40-60% 89 $29,075,000 $326,685 $5,176 6.51%
    60-80% 272 $116,370,000 $427,831 $6,950 6.74%
    80-100% 306 $127,920,000 $418,039 $7,189 6.57%
    Over 100% 5 $2,715,000 $543,000 $20,672 6.28%
    Under 20% 4 $900,000 $225,000 $3,825 6.59%