Corporate Investors Mortgage Group Rates, Fees & Info

Chapel Hill, NC

LEI: 2549006SV57592TPRW11

Tax ID: 56-2007637

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    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, Charlotte, and Burlington among others. We have data for 20 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 a low 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% 12/16/24
    30 Year Conventional Refi 6.56% 12/16/24
    30 Year FHA Purchase 7.07% 12/16/24
    30 Year FHA Refi 6.27% 12/16/24
    30 Year VA Purchase 6.15% 12/16/24
    30 Year VA Refi 6.40% 12/16/24
    30 Year USDA Purchase 6.90% 12/16/24
    15 Year Conventional Purchase 5.92% 12/16/24
    15 Year Conventional Refi 6.06% 12/16/24
    15 Year Cash-out Refi 6.06% 12/16/24
    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

    1,246

    Origination Dollar Volume (All Markets)

    $354,620,000
    Show all (8) awards

    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) 705 $200,695,000 $284,674 $3,720 4.51%
    RALEIGH-CARY, NC (FHA|USDA|VA) 429 $124,555,000 $290,338 $4,042 4.56%
    Morehead City, NC (FHA|USDA|VA) 26 $8,210,000 $315,769 $3,872 4.57%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 15 $4,325,000 $288,333 $3,785 4.41%
    BURLINGTON, NC (FHA|USDA|VA) 19 $4,245,000 $223,421 $3,580 4.65%
    WILMINGTON, NC (FHA|USDA|VA) 13 $3,695,000 $284,231 $3,880 4.67%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $1,510,000 $377,500 $2,774 4.00%
    Outside of Metro Areas 5 $1,395,000 $279,000 $4,006 4.50%
    NEW BERN, NC (FHA|USDA|VA) 4 $1,020,000 $255,000 $2,529 4.22%
    WINSTON-SALEM, NC (FHA|USDA|VA) 3 $685,000 $228,333 $2,060 4.67%
    GOLDSBORO, NC (FHA|USDA|VA) 3 $675,000 $225,000 $4,715 4.38%
    GREENVILLE, NC (FHA|USDA|VA) 4 $610,000 $152,500 $3,031 4.75%
    Boone, NC (FHA|USDA|VA) 3 $515,000 $171,667 $2,478 4.29%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $510,000 $255,000 $3,586 4.13%
    FAYETTEVILLE, NC (FHA|USDA|VA) 3 $505,000 $168,333 $2,329 4.75%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $375,000 $125,000 $2,613 5.21%
    ROCKY MOUNT, NC (FHA|USDA|VA) 2 $360,000 $180,000 $3,705 4.56%
    Sanford, NC (FHA|USDA|VA) 1 $345,000 $345,000 $3,078 4.63%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $215,000 $215,000 $2,948 4.63%
    Brevard, NC (FHA|USDA|VA) 1 $175,000 $175,000 $2,383 4.63%
    Corporate Investors Mortgage Group's top markets include Durham, Raleigh, Morehead City, Charlotte, and Burlington among others.

    Their top states include:
  • North 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.

    Highlands Union Bank
    Similarity Rank: 228
    Whitley Mortgage Associates, Inc.
    Similarity Rank: 258
    Belmont Savings Bank, SSB
    Similarity Rank: 390
    Champion Credit Union
    Similarity Rank: 423
    Roxboro Savings Bank SSB
    Similarity Rank: 567
    Telco Community Credit Union
    Similarity Rank: 572
    NewDominion Bank
    Similarity Rank: 602
    PROPONENT Federal Credit Union
    Similarity Rank: 645
    EXCITE Credit Union
    Similarity Rank: 738
    Coastal Carolina National Bank
    Similarity Rank: 756

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,122 $322,960,000 $287,843 $3,501 4.55%
    FHA 53 $12,365,000 $233,302 $7,187 4.39%
    VA 52 $15,340,000 $295,000 $6,728 4.28%
    USDA 19 $3,955,000 $208,158 $5,086 4.35%

    For 2018, Corporate Investors Mortgage Group's most frequently originated type of loan was Conventional, with 1,122 originations. Their 2nd most popular type was FHA, with 53 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,168 $331,950,000 $284,204 $3,845 4.55%
    Refi 78 $22,670,000 $290,641 $3,221 4.28%

    For 2018, Corporate Investors Mortgage Group's most frequently cited loan purpose was Home Purchase, with 1,168 originations. The 2nd most popular reason was Refi, with 78 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,125 $325,405,000 $289,249 $3,852 4.57%
    15 Year 93 $23,025,000 $247,581 $3,455 4.03%
    20 Year 24 $5,370,000 $223,750 $3,486 4.43%
    10 Year 3 $425,000 $141,667 $2,751 3.58%
    Other 1 $395,000 $395,000 $3,566 4.50%

    For 2018, Corporate Investors Mortgage Group's most frequently cited loan duration was 30 Year, with 1,125 originations. The 2nd most popular length was 15 Year, with 93 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 644 $176,670,000 $274,332
    $1k-2k 115 $30,405,000 $264,391
    $3k-4k 74 $22,310,000 $301,486
    $2k-3k 65 $16,035,000 $246,692
    $4k-5k 36 $13,230,000 $367,500
    $5k+ 25 $10,915,000 $436,600

    Corporate Investors Mortgage Group's average total fees were $3,852, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 644 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 954 $276,710,000 $290,052
    3-4% 175 $53,575,000 $306,143
    5-6% 116 $24,050,000 $207,328
    6-7% 1 $285,000 $285,000

    During 2018, Corporate Investors Mortgage Group's average interest rate for loans was 4.57%, while their most frequently originated rate bucket for loans was 4-5%, with 954 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 693 $198,105,000 $285,866 $3,972 4.49%
    $100k-200k 317 $50,575,000 $159,543 $3,144 4.63%
    $400k-600k 182 $81,950,000 $450,275 $4,374 4.47%
    $600k-1MM 31 $22,115,000 $713,387 $4,802 4.47%
    $100,000 or less 23 $1,875,000 $81,522 $2,517 4.92%

    2018 saw Corporate Investors Mortgage Group place emphasis on $200k-400k loans with 693 originations, totaling $198,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 301 $88,145,000 $292,841 $3,977 4.53%
    $150k-250k 285 $98,355,000 $345,105 $3,675 4.53%
    $75k-100k 239 $61,885,000 $258,933 $3,877 4.49%
    $50k-75k 209 $44,265,000 $211,794 $3,771 4.56%
    $250k+ 121 $46,295,000 $382,603 $4,025 4.55%
    $50k or less 91 $15,675,000 $172,253 $3,321 4.52%

    Corporate Investors Mortgage Group lent most frequently to those with incomes in the $100k-150k range, with 301 originations. The second most popular income band? $150k-250k, with 285 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 346 $98,080,000 $283,468 $3,550 4.50%
    30-36% 249 $73,505,000 $295,201 $3,920 4.53%
    <20% 131 $33,275,000 $254,008 $3,528 4.49%
    38% 45 $12,405,000 $275,667 $3,654 4.63%
    36% 44 $13,530,000 $307,500 $3,750 4.62%
    41% 44 $13,830,000 $314,318 $3,756 4.45%
    37% 42 $12,160,000 $289,524 $4,004 4.49%
    40% 41 $12,855,000 $313,537 $3,989 4.65%
    42% 40 $13,030,000 $325,750 $4,357 4.54%
    44% 39 $11,345,000 $290,897 $4,375 4.58%
    45% 34 $8,730,000 $256,765 $3,942 4.49%
    39% 33 $8,765,000 $265,606 $3,785 4.62%
    46% 32 $8,590,000 $268,438 $3,636 4.61%
    49% 27 $6,655,000 $246,481 $3,590 4.59%
    43% 26 $7,040,000 $270,769 $4,642 4.63%
    47% 26 $8,140,000 $313,077 $3,788 4.50%
    48% 25 $7,085,000 $283,400 $3,343 4.54%
    50-60% 22 $5,600,000 $254,545 $6,192 4.40%

    Corporate Investors Mortgage Group lent most frequently to those with DTI ratios of 20-30%, with 346 originations. The next most common DTI ratio? 30-36%, with 249 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,096 $312,860,000 $285,456 $3,786 4.53%
    Asian 84 $23,720,000 $282,381 $3,704 4.52%
    Black 39 $10,345,000 $265,256 $4,583 4.48%
    Not provided 20 $5,460,000 $273,000 $3,981 4.64%
    Native Hawaiian or Islander 1 $675,000 $675,000 $9,835 3.50%
    Asian Indian 2 $560,000 $280,000 $2,409 4.38%
    American Indian 3 $545,000 $181,667 $3,603 5.04%
    Korean 1 $455,000 $455,000 $7,080 4.50%

    Approval Rates

    Total approvals of all applications
    99.58%

    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
    86.92%

    Corporate Investors Mortgage Group has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,246 $354,620,000 $284,607

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,246 $354,620,000 $284,607

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $4,485,000 $179,400 $3,413 4.39%
    40-60% 126 $30,380,000 $241,111 $3,352 4.43%
    60-80% 454 $135,330,000 $298,084 $3,433 4.56%
    80-100% 627 $180,685,000 $288,174 $4,074 4.53%
    Over 100% 13 $3,605,000 $277,308 $9,620 4.38%
    Under 20% 1 $135,000 $135,000 $2,716 4.00%