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 small mortgage company specializing in Refi and 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 Charlotte among others. We have data for 37 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 an above 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.

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    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

    3,691

    Origination Dollar Volume (All Markets)

    $1,200,085,000
    Show all (16) 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) 1,925 $633,955,000 $329,327 $2,895 2.91%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1,167 $382,075,000 $327,399 $3,039 2.92%
    Morehead City, NC (FHA|USDA|VA) 243 $83,305,000 $342,819 $3,180 2.95%
    BURLINGTON, NC (FHA|USDA|VA) 63 $14,435,000 $229,127 $3,024 2.87%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 46 $13,930,000 $302,826 $2,859 2.96%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 35 $11,065,000 $316,143 $3,128 3.03%
    WILMINGTON, NC (FHA|USDA|VA) 33 $10,695,000 $324,091 $3,620 3.11%
    Outside of Metro Areas 17 $6,075,000 $357,353 $3,394 2.90%
    Boone, NC (FHA|USDA|VA) 9 $5,015,000 $557,222 $5,128 3.06%
    NEW BERN, NC (FHA|USDA|VA) 18 $5,000,000 $277,778 $3,055 3.13%
    FAYETTEVILLE, NC (FHA|USDA|VA) 18 $4,970,000 $276,111 $3,805 3.15%
    JACKSONVILLE, NC (FHA|USDA|VA) 16 $4,720,000 $295,000 $3,477 2.95%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 19 $4,295,000 $226,053 $2,773 2.95%
    ASHEVILLE, NC (FHA|USDA|VA) 13 $3,955,000 $304,231 $3,733 2.93%
    WINSTON-SALEM, NC (FHA|USDA|VA) 10 $2,280,000 $228,000 $2,697 3.10%
    GREENVILLE, NC (FHA|USDA|VA) 8 $1,790,000 $223,750 $2,978 3.08%
    Sanford, NC (FHA|USDA|VA) 8 $1,750,000 $218,750 $3,168 3.20%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 5 $1,275,000 $255,000 $4,148 2.80%
    Roanoke Rapids, NC (FHA|USDA|VA) 3 $1,065,000 $355,000 $2,479 2.88%
    Cullowhee, NC (FHA|USDA|VA) 3 $1,015,000 $338,333 $4,501 2.92%
    Henderson, NC (FHA|USDA|VA) 4 $860,000 $215,000 $2,283 2.75%
    ROCKY MOUNT, NC (FHA|USDA|VA) 5 $845,000 $169,000 $3,296 2.60%
    Washington, NC (FHA|USDA|VA) 3 $815,000 $271,667 $2,275 2.96%
    Kill Devil Hills, NC (FHA|USDA|VA) 2 $740,000 $370,000 $3,057 2.94%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $565,000 $188,333 $4,223 3.21%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $545,000 $545,000 $3,344 3.25%
    GOLDSBORO, NC (FHA|USDA|VA) 2 $470,000 $235,000 $2,481 3.00%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $435,000 $435,000 $3,882 3.25%
    Seneca, SC (FHA|USDA|VA) 1 $365,000 $365,000 $2,168 2.75%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $310,000 $155,000 $4,604 3.50%
    Brevard, NC (FHA|USDA|VA) 1 $305,000 $305,000 $6,097 3.00%
    COLUMBIA, SC (FHA|USDA|VA) 1 $235,000 $235,000 $2,222 3.00%
    Forest City, NC (FHA|USDA|VA) 1 $215,000 $215,000 $3,905 3.38%
    Shelby, NC (FHA|USDA|VA) 1 $205,000 $205,000 $3,457 2.75%
    Wilson, NC (FHA|USDA|VA) 2 $200,000 $100,000 $2,627 3.19%
    Marion, NC (FHA|USDA|VA) 1 $195,000 $195,000 $3,084 2.63%
    Albemarle, NC (FHA|USDA|VA) 1 $115,000 $115,000 $3,531 3.38%
    Corporate Investors Mortgage Group's top markets include Durham, Raleigh, Morehead City, Burlington, and Charlotte 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.

    First Community Bank
    Similarity Rank: 410
    Piedmont Federal Savings Bank
    Similarity Rank: 975
    CAROLINA TRUST FEDERAL CREDIT UNION
    Similarity Rank: 1225
    Telco Community Credit Union
    Similarity Rank: 1592
    EXCITE Credit Union
    Similarity Rank: 1694
    Champion Credit Union
    Similarity Rank: 1815
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 1980
    DUKE UNIVERSITY FEDERAL CREDIT UNION
    Similarity Rank: 2241
    Peoples Bank
    Similarity Rank: 2440
    Bank of Tennessee
    Similarity Rank: 2750

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,578 $1,166,160,000 $325,925 $2,898 2.93%
    VA 58 $19,690,000 $339,483 $4,986 2.66%
    FHA 41 $10,745,000 $262,073 $7,612 2.72%
    USDA 14 $3,490,000 $249,286 $5,329 2.77%

    For 2021, Corporate Investors Mortgage Group's most frequently originated type of loan was Conventional, with 3,578 originations. Their 2nd most popular type was VA, with 58 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 2,125 $653,285,000 $307,428 $2,552 2.88%
    Home Purchase 1,564 $545,970,000 $349,086 $3,591 2.98%
    Home Improvement 1 $415,000 $415,000 $4,571 2.88%
    Cash Out Refi 1 $415,000 $415,000 $2,099 2.75%

    For 2021, Corporate Investors Mortgage Group's most frequently cited loan purpose was Refi, with 2,125 originations. The 2nd most popular reason was Home Purchase, with 1,564 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,939 $985,415,000 $335,289 $3,105 3.02%
    15 Year 559 $159,425,000 $285,197 $2,592 2.49%
    20 Year 105 $29,495,000 $280,905 $2,522 2.83%
    Other 76 $22,360,000 $294,211 $2,160 2.75%
    10 Year 12 $3,390,000 $282,500 $3,611 2.26%

    For 2021, Corporate Investors Mortgage Group's most frequently cited loan duration was 30 Year, with 2,939 originations. The 2nd most popular length was 15 Year, with 559 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3,111 $1,011,655,000 $325,186
    $1k-2k 287 $85,035,000 $296,289
    $2k-3k 95 $28,885,000 $304,053
    $3k-4k 81 $25,725,000 $317,593
    $5k+ 65 $29,725,000 $457,308
    $4k-5k 52 $19,060,000 $366,538

    Corporate Investors Mortgage Group's average total fees were $3,105, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,111 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 2,024 $675,860,000 $333,923
    3-4% 1,129 $361,155,000 $319,889
    <2.5% 518 $158,710,000 $306,390
    4-5% 20 $4,360,000 $218,000

    During 2021, Corporate Investors Mortgage Group's average interest rate for loans was 3.02%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,024 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,025 $590,955,000 $291,830 $2,934 2.93%
    $400k-600k 880 $425,840,000 $483,909 $3,399 2.88%
    $100k-200k 664 $106,080,000 $159,759 $2,497 2.96%
    $600k-1MM 83 $61,995,000 $746,928 $4,251 3.06%
    $100,000 or less 28 $2,320,000 $82,857 $2,219 2.87%
    $1MM+ 11 $12,895,000 $1,172,273 $3,734 3.06%

    2021 saw Corporate Investors Mortgage Group place emphasis on $200k-400k loans with 2,025 originations, totaling $590,955,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 962 $352,980,000 $366,923 $3,018 2.92%
    $100k-150k 958 $306,320,000 $319,749 $2,957 2.91%
    $50k-75k 534 $128,890,000 $241,367 $2,925 2.93%
    $75k-100k 532 $149,550,000 $281,109 $2,929 2.96%
    $250k+ 491 $220,345,000 $448,768 $3,196 2.92%
    $50k or less 214 $42,000,000 $196,262 $2,897 2.89%

    Corporate Investors Mortgage Group lent most frequently to those with incomes in the $150k-250k range, with 962 originations. The second most popular income band? $100k-150k, with 958 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,147 $372,525,000 $324,782 $2,873 2.91%
    <20% 718 $234,370,000 $326,421 $2,763 2.83%
    30-36% 656 $214,460,000 $326,921 $2,946 2.96%
    36% 111 $34,645,000 $312,117 $2,957 3.02%
    40% 100 $33,440,000 $334,400 $3,208 2.96%
    42% 97 $30,275,000 $312,113 $3,254 3.01%
    37% 97 $32,485,000 $334,897 $3,410 2.97%
    41% 92 $30,240,000 $328,696 $3,353 2.97%
    38% 91 $29,755,000 $326,978 $3,127 3.03%
    44% 91 $29,235,000 $321,264 $3,422 2.98%
    43% 84 $28,240,000 $336,190 $3,375 3.05%
    39% 83 $25,555,000 $307,892 $3,061 3.03%
    46% 72 $22,530,000 $312,917 $2,958 2.91%
    45% 61 $19,815,000 $324,836 $3,444 2.96%
    49% 54 $18,440,000 $341,481 $3,453 2.97%
    48% 51 $16,315,000 $319,902 $3,060 2.91%
    47% 45 $14,815,000 $329,222 $2,981 2.97%
    50-60% 18 $5,660,000 $314,444 $6,500 2.83%
    >60% 1 $385,000 $385,000 $16,025 2.88%

    Corporate Investors Mortgage Group lent most frequently to those with DTI ratios of 20-30%, with 1,147 originations. The next most common DTI ratio? <20%, with 718 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,315 $1,081,235,000 $326,164 $2,965 2.92%
    Asian 181 $57,955,000 $320,193 $3,082 2.96%
    Black 135 $40,645,000 $301,074 $3,362 2.95%
    Not provided 45 $14,465,000 $321,444 $3,414 2.88%
    American Indian 6 $2,120,000 $353,333 $3,338 2.73%
    Asian Indian 5 $1,915,000 $383,000 $3,226 3.05%
    Native Hawaiian or Islander 3 $1,115,000 $371,667 $4,196 3.08%
    Japanese 1 $635,000 $635,000 $2,287 2.75%

    Approval Rates

    Total approvals of all applications
    99.77%

    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
    92.09%

    Corporate Investors Mortgage Group has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,691 $1,200,085,000 $325,138

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,691 $1,200,085,000 $325,138

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 201 $45,805,000 $227,886 $2,497 2.67%
    40-60% 795 $241,245,000 $303,453 $2,541 2.79%
    60-80% 1,658 $562,470,000 $339,246 $2,868 2.99%
    80-100% 1,016 $345,440,000 $340,000 $3,589 2.97%
    Over 100% 9 $3,105,000 $345,000 $10,668 2.64%
    Under 20% 12 $2,020,000 $168,333 $2,272 2.71%