Mortgage Investment Services Corporation Rates, Fees & Info

Shawnee, KS

LEI: 254900PCN2EQDRMIHV68

Tax ID: 43-1897429

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    Mortgage Investment Services Corporation is a smaller mortgage company specializing in Home Purchase loans. Mortgage Investment Services Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Kansas City, Oklahoma City, Topeka, Wichita, and Salina among others. We have data for 44 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mortgage Investment Services Corporation has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Mortgage Investment Services Corporation 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 7.34% 11/21/24
    30 Year Conventional Refi 7.07% 11/21/24
    30 Year Cash-out Refi 7.20% 11/21/24
    30 Year FHA Purchase 7.70% 11/21/24
    30 Year FHA Refi 7.76% 11/21/24
    30 Year VA Purchase 6.57% 11/21/24
    30 Year VA Refi 5.94% 11/21/24
    30 Year USDA Purchase 7.28% 11/21/24
    15 Year Conventional Purchase 6.84% 11/21/24
    15 Year Conventional Refi 6.69% 11/21/24
    15 Year Cash-out Refi 6.69% 11/21/24
    15 Year FHA Purchase 5.68% 11/21/24
    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.

    Mortgage Investment Services Corporation Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Mortgage Investment Services Corporation. 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

    626

    Origination Dollar Volume (All Markets)

    $83,790,000
    Show all (11) 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
    Outside of Metro Areas 201 $24,275,000 $120,771 $2,864 4.89%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 79 $15,865,000 $200,823 $2,877 4.78%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 31 $4,765,000 $153,710 $3,029 4.90%
    TOPEKA, KS (FHA|USDA|VA) 27 $3,915,000 $145,000 $2,604 4.75%
    WICHITA, KS (FHA|USDA|VA) 31 $3,585,000 $115,645 $2,820 4.92%
    Salina, KS (FHA|USDA|VA) 26 $3,520,000 $135,385 $1,995 4.77%
    SPRINGFIELD, MO (FHA|USDA|VA) 19 $2,725,000 $143,421 $2,649 4.87%
    Miami, OK (FHA|USDA|VA) 27 $2,645,000 $97,963 $3,375 4.95%
    Coffeyville, KS (FHA|USDA|VA) 26 $2,490,000 $95,769 $2,728 4.97%
    Pittsburg, KS (FHA|USDA|VA) 22 $2,360,000 $107,273 $2,726 4.99%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 14 $1,800,000 $128,571 $3,268 4.97%
    McAlester, OK (FHA|USDA|VA) 12 $1,750,000 $145,833 $3,621 4.82%
    Ottawa, KS (FHA|USDA|VA) 6 $1,170,000 $195,000 $2,284 4.77%
    Hays, KS (FHA|USDA|VA) 8 $1,010,000 $126,250 $3,898 4.88%
    Woodward, OK (FHA|USDA|VA) 5 $905,000 $181,000 $3,455 5.15%
    MANHATTAN, KS (FHA|USDA|VA) 7 $895,000 $127,857 $3,669 4.86%
    Winfield, KS (FHA|USDA|VA) 10 $840,000 $84,000 $2,475 5.11%
    Weatherford, OK (FHA|USDA|VA) 8 $830,000 $103,750 $3,871 4.95%
    McPherson, KS (FHA|USDA|VA) 6 $680,000 $113,333 $3,470 4.90%
    Elk City, OK (FHA|USDA|VA) 3 $665,000 $221,667 $3,502 4.92%
    Dodge City, KS (FHA|USDA|VA) 6 $650,000 $108,333 $1,660 5.17%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $625,000 $208,333 $1,948 4.71%
    TULSA, OK (FHA|USDA|VA) 2 $600,000 $300,000 $3,334 5.13%
    PUEBLO, CO (FHA|USDA|VA) 2 $590,000 $295,000 $3,129 4.88%
    Marshall, MO (FHA|USDA|VA) 5 $465,000 $93,000 $2,607 4.90%
    Parsons, KS (FHA|USDA|VA) 7 $455,000 $65,000 $2,790 5.20%
    Emporia, KS (FHA|USDA|VA) 4 $420,000 $105,000 $2,655 4.91%
    JEFFERSON CITY, MO (FHA|USDA|VA) 3 $375,000 $125,000 $2,768 4.79%
    Ponca City, OK (FHA|USDA|VA) 3 $375,000 $125,000 $4,750 4.21%
    Hutchinson, KS (FHA|USDA|VA) 4 $310,000 $77,500 $1,202 5.19%
    Atchison, KS (FHA|USDA|VA) 1 $275,000 $275,000 $2,533 4.50%
    Warrensburg, MO (FHA|USDA|VA) 1 $265,000 $265,000 $3,164 5.13%
    JOPLIN, MO (FHA|USDA|VA) 2 $240,000 $120,000 $4,675 4.75%
    COLUMBIA, MO (FHA|USDA|VA) 2 $240,000 $120,000 $916 4.75%
    Maryville, MO (FHA|USDA|VA) 2 $190,000 $95,000 $3,285 4.81%
    Shawnee, OK (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.63%
    Garden City, KS (FHA|USDA|VA) 2 $180,000 $90,000 $2,667 4.94%
    Great Bend, KS (FHA|USDA|VA) 2 $140,000 $70,000 $2,442 4.50%
    FORT SMITH, AR-OK (FHA|USDA|VA) 1 $125,000 $125,000 $2,272 4.38%
    Sikeston, MO (FHA|USDA|VA) 1 $115,000 $115,000 $1,127 4.13%
    Ada, OK (FHA|USDA|VA) 1 $85,000 $85,000 $1,103 4.75%
    Bartlesville, OK (FHA|USDA|VA) 1 $85,000 $85,000 $1,962 4.38%
    Hannibal, MO (FHA|USDA|VA) 1 $65,000 $65,000 $1,947 5.00%
    Lebanon, MO (FHA|USDA|VA) 1 $45,000 $45,000 $2,272 5.38%
    Mortgage Investment Services Corporation's top markets include Kansas City, Oklahoma City, Topeka, Wichita, and Salina among others.

    Their top states include:
  • Kansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)

    • Similar Lenders

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

    ESB Financial
    Similarity Rank: 18
    Bank of the Flint Hills
    Similarity Rank: 64
    The Halstead Bank
    Similarity Rank: 64
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 68
    CoreFirst Bank & Trust
    Similarity Rank: 88
    Municipal Employees Credit Union of Oklahoma City
    Similarity Rank: 89
    KCB Bank
    Similarity Rank: 108
    Azura Credit Union
    Similarity Rank: 120
    WEOKIE
    Similarity Rank: 120
    MID AMERICAN
    Similarity Rank: 128

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 335 $48,525,000 $144,851 $2,474 4.86%
    FHA 153 $18,945,000 $123,824 $3,568 4.93%
    USDA 83 $7,165,000 $86,325 $2,114 5.00%
    VA 55 $9,155,000 $166,455 $4,277 4.69%

    For 2018, Mortgage Investment Services Corporation's most frequently originated type of loan was Conventional, with 335 originations. Their 2nd most popular type was FHA, with 153 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 498 $61,160,000 $122,811 $2,692 4.89%
    Refi 71 $13,475,000 $189,789 $3,210 4.75%
    Cash Out Refi 51 $8,335,000 $163,431 $3,895 4.98%
    Home Improvement 6 $820,000 $136,667 $3,186 4.94%

    For 2018, Mortgage Investment Services Corporation's most frequently cited loan purpose was Home Purchase, with 498 originations. The 2nd most popular reason was Refi, with 71 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 559 $75,645,000 $135,322 $2,860 4.93%
    15 Year 45 $5,885,000 $130,778 $2,817 4.28%
    20 Year 18 $1,940,000 $107,778 $2,949 4.97%
    10 Year 3 $215,000 $71,667 $2,440 4.38%
    Other 1 $105,000 $105,000 $734 4.75%

    For 2018, Mortgage Investment Services Corporation's most frequently cited loan duration was 30 Year, with 559 originations. The 2nd most popular length was 15 Year, with 45 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 454 $60,410,000 $133,062
    $1k-2k 133 $16,345,000 $122,895
    $2k-3k 20 $3,620,000 $181,000
    $3k-4k 8 $1,290,000 $161,250
    $4k-5k 1 $455,000 $455,000
    $5k+ 1 $315,000 $315,000

    Mortgage Investment Services Corporation's average total fees were $2,860, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 454 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 396 $58,670,000 $148,157
    5-6% 213 $22,075,000 $103,638
    3-4% 14 $2,720,000 $194,286
    6-7% 2 $310,000 $155,000
    2.5-3% 1 $15,000 $15,000

    During 2018, Mortgage Investment Services Corporation's average interest rate for loans was 4.93%, while their most frequently originated rate bucket for loans was 4-5%, with 396 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 269 $19,085,000 $70,948 $2,350 5.02%
    $100k-200k 249 $35,035,000 $140,703 $3,028 4.80%
    $200k-400k 100 $26,200,000 $262,000 $3,658 4.73%
    $400k-600k 8 $3,470,000 $433,750 $4,612 4.47%

    2018 saw Mortgage Investment Services Corporation place emphasis on $100,000 or less loans with 269 originations, totaling $19,085,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 247 $21,545,000 $87,227 $2,451 4.97%
    $50k-75k 188 $24,000,000 $127,660 $2,760 4.88%
    $75k-100k 90 $15,650,000 $173,889 $3,482 4.79%
    $100k-150k 72 $15,260,000 $211,944 $3,350 4.72%
    $150k-250k 19 $4,865,000 $256,053 $4,222 4.88%
    $250k+ 10 $2,470,000 $247,000 $2,992 4.59%

    Mortgage Investment Services Corporation lent most frequently to those with incomes in the $50k or less range, with 247 originations. The second most popular income band? $50k-75k, with 188 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 134 $16,650,000 $124,254 $2,600 4.88%
    30-36% 122 $16,510,000 $135,328 $3,043 4.90%
    <20% 36 $3,740,000 $103,889 $2,462 4.76%
    39% 35 $5,185,000 $148,143 $3,226 4.81%
    40% 32 $3,990,000 $124,688 $2,632 4.95%
    43% 28 $4,690,000 $167,500 $2,759 4.90%
    44% 27 $4,235,000 $156,852 $2,717 4.96%
    50-60% 27 $3,535,000 $130,926 $3,411 4.69%
    38% 27 $3,545,000 $131,296 $3,029 4.95%
    41% 24 $3,370,000 $140,417 $3,167 4.90%
    36% 21 $2,405,000 $114,524 $3,023 4.91%
    45% 21 $2,375,000 $113,095 $2,665 4.90%
    42% 20 $3,090,000 $154,500 $3,510 4.89%
    37% 19 $2,135,000 $112,368 $1,750 4.94%
    49% 18 $2,720,000 $151,111 $2,697 4.94%
    47% 12 $1,930,000 $160,833 $2,742 4.85%
    48% 11 $2,055,000 $186,818 $3,401 4.73%
    46% 10 $1,370,000 $137,000 $3,105 4.86%
    >60% 2 $260,000 $130,000 $4,748 5.38%

    Mortgage Investment Services Corporation lent most frequently to those with DTI ratios of 20-30%, with 134 originations. The next most common DTI ratio? 30-36%, with 122 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 568 $76,100,000 $133,979 $2,861 4.88%
    Not provided 18 $2,640,000 $146,667 $2,462 5.01%
    American Indian 16 $2,370,000 $148,125 $3,132 4.84%
    Black 15 $1,805,000 $120,333 $3,128 4.98%
    Asian 8 $790,000 $98,750 $2,405 4.83%
    Native Hawaiian or Islander 1 $85,000 $85,000 $1,167 4.88%

    Approval Rates

    Total approvals of all applications
    86.43%

    Mortgage Investment Services Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    61.02%

    Mortgage Investment Services Corporation 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 626 $83,790,000 $133,850

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 10 $1,020,000 $102,000
    Single Family (1-4 Units):Site-Built 616 $82,770,000 $134,367

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $665,000 $95,000 $3,100 4.77%
    40-60% 27 $3,475,000 $128,704 $2,774 4.62%
    60-80% 116 $17,730,000 $152,845 $2,944 4.89%
    80-100% 470 $60,860,000 $129,489 $2,791 4.90%
    Over 100% 6 $1,060,000 $176,667 $6,155 4.52%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    MORTGAGE INVESTORS GROUP FHA mortgage Closing on a mortgage 1 100.0%