Mortgage Investors Group Rates, Fees & Info
NASHVILLE, TNLEI: 549300VNBQD8FDHF7563
Tax ID: 83-0310268
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Mortgage Investors Group is a mid-sized mortgage company specializing in Home Purchase loans. Mortgage Investors Group has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Knoxville, Nashville, Sevierville, Memphis, and Chattanooga among others. Mortgage Investors Group has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Mortgage Investors Group is typically an average fee lendor.Originations
13,390Origination Dollar Volume (All Markets)
$3,286,840,000Awards
MORTGAGE INVESTORS GROUP - 2021
MORTGAGE INVESTORS GROUP is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Mortgage Investors Group 's average 30 year fixed rate mortgage of loans were
3.09%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.06%.
Relative Fees
Mortgage Investors Group 's average total fees for a 30 year fixed rate
mortgage are $4,695.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| KNOXVILLE, TN (FHA|USDA|VA) | 5,108 | $1,260,450,000 | $246,760 | $4,527 | 3.01% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 879 | $276,655,000 | $314,738 | $4,320 | 2.99% |
| Sevierville, TN (FHA|USDA|VA) | 696 | $222,340,000 | $319,454 | $4,944 | 3.18% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 853 | $217,345,000 | $254,801 | $4,373 | 3.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 754 | $181,300,000 | $240,451 | $4,585 | 3.01% |
| Outside of Metro Areas | 806 | $161,040,000 | $199,801 | $4,509 | 3.02% |
| MORRISTOWN, TN (FHA|USDA|VA) | 440 | $88,380,000 | $200,864 | $4,902 | 3.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 242 | $78,710,000 | $325,248 | $4,415 | 2.90% |
| JACKSON, TN (FHA|USDA|VA) | 311 | $62,255,000 | $200,177 | $4,323 | 2.96% |
| JACKSON, MS (FHA|USDA|VA) | 188 | $47,940,000 | $255,000 | $3,410 | 2.98% |
| Cookeville, TN (FHA|USDA|VA) | 211 | $46,185,000 | $218,886 | $4,004 | 3.07% |
| Crossville, TN (FHA|USDA|VA) | 202 | $42,790,000 | $211,832 | $3,820 | 3.01% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 182 | $38,010,000 | $208,846 | $4,717 | 3.03% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 154 | $36,270,000 | $235,519 | $3,807 | 2.88% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 163 | $31,465,000 | $193,037 | $4,968 | 3.07% |
| Thomasville, GA (FHA|USDA|VA) | 124 | $30,180,000 | $243,387 | $4,287 | 2.92% |
| Athens, TN (FHA|USDA|VA) | 117 | $22,885,000 | $195,598 | $4,965 | 3.05% |
| DECATUR, AL (FHA|USDA|VA) | 86 | $21,580,000 | $250,930 | $5,528 | 3.03% |
| GADSDEN, AL (FHA|USDA|VA) | 92 | $20,120,000 | $218,696 | $3,688 | 2.95% |
| CLEVELAND, TN (FHA|USDA|VA) | 88 | $19,720,000 | $224,091 | $5,004 | 2.98% |
| Greeneville, TN (FHA|USDA|VA) | 106 | $18,590,000 | $175,377 | $4,769 | 3.02% |
| Paragould, AR (FHA|USDA|VA) | 105 | $17,525,000 | $166,905 | $3,951 | 3.11% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 59 | $17,245,000 | $292,288 | $6,478 | 3.71% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 54 | $14,980,000 | $277,407 | $4,025 | 3.05% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 54 | $11,860,000 | $219,630 | $4,921 | 3.07% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 53 | $11,205,000 | $211,415 | $2,588 | 2.55% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 37 | $11,185,000 | $302,297 | $4,590 | 2.97% |
| Newport, TN (FHA|USDA|VA) | 64 | $11,050,000 | $172,656 | $4,821 | 3.15% |
| Laurel, MS (FHA|USDA|VA) | 58 | $10,260,000 | $176,897 | $5,024 | 2.89% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 46 | $9,730,000 | $211,522 | $4,176 | 2.95% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 31 | $9,255,000 | $298,548 | $3,391 | 2.99% |
| Meridian, MS (FHA|USDA|VA) | 50 | $8,710,000 | $174,200 | $4,266 | 2.78% |
| Fort Payne, AL (FHA|USDA|VA) | 50 | $8,610,000 | $172,200 | $3,664 | 3.01% |
| Cullman, AL (FHA|USDA|VA) | 40 | $8,110,000 | $202,750 | $5,508 | 2.98% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 16 | $7,670,000 | $479,375 | $8,825 | 3.28% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 23 | $7,555,000 | $328,478 | $4,464 | 2.84% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 21 | $6,785,000 | $323,095 | $5,720 | 3.01% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 28 | $6,540,000 | $233,571 | $5,114 | 3.21% |
| GAINESVILLE, GA (FHA|USDA|VA) | 19 | $6,495,000 | $341,842 | $3,755 | 3.03% |
| DOTHAN, AL (FHA|USDA|VA) | 35 | $6,125,000 | $175,000 | $4,521 | 2.75% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 27 | $6,025,000 | $223,148 | $4,305 | 3.06% |
| Dayton, TN (FHA|USDA|VA) | 26 | $6,020,000 | $231,538 | $4,450 | 2.94% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 17 | $6,005,000 | $353,235 | $4,485 | 3.06% |
| Albertville, AL (FHA|USDA|VA) | 25 | $5,755,000 | $230,200 | $5,990 | 2.82% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 17 | $5,625,000 | $330,882 | $4,103 | 2.90% |
| PANAMA CITY, FL (FHA|USDA|VA) | 16 | $5,470,000 | $341,875 | $6,221 | 3.13% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 18 | $5,170,000 | $287,222 | $4,015 | 3.17% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 23 | $4,895,000 | $212,826 | $3,946 | 2.72% |
| MOBILE, AL (FHA|USDA|VA) | 26 | $4,870,000 | $187,308 | $5,378 | 2.97% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 18 | $4,740,000 | $263,333 | $3,722 | 2.96% |
| McMinnville, TN (FHA|USDA|VA) | 25 | $4,575,000 | $183,000 | $4,754 | 3.07% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 20 | $4,570,000 | $228,500 | $4,092 | 2.98% |
| Brookhaven, MS (FHA|USDA|VA) | 23 | $4,535,000 | $197,174 | $3,433 | 3.21% |
| Lewisburg, TN (FHA|USDA|VA) | 17 | $4,235,000 | $249,118 | $5,686 | 3.00% |
| Tupelo, MS (FHA|USDA|VA) | 23 | $4,115,000 | $178,913 | $2,857 | 3.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 16 | $3,830,000 | $239,375 | $4,295 | 2.92% |
| HATTIESBURG, MS (FHA|USDA|VA) | 17 | $3,665,000 | $215,588 | $5,528 | 2.94% |
| ASHEVILLE, NC (FHA|USDA|VA) | 10 | $3,390,000 | $339,000 | $5,324 | 3.10% |
| JONESBORO, AR (FHA|USDA|VA) | 15 | $3,205,000 | $213,667 | $4,145 | 3.07% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 10 | $3,160,000 | $316,000 | $5,202 | 2.93% |
| Lawrenceburg, TN (FHA|USDA|VA) | 15 | $2,865,000 | $191,000 | $4,282 | 3.06% |
| ALBANY, GA (FHA|USDA|VA) | 15 | $2,865,000 | $191,000 | $4,507 | 2.97% |
| DALTON, GA (FHA|USDA|VA) | 12 | $2,410,000 | $200,833 | $4,680 | 3.26% |
| Alexander City, AL (FHA|USDA|VA) | 5 | $2,235,000 | $447,000 | $4,767 | 3.13% |
| Dyersburg, TN (FHA|USDA|VA) | 10 | $2,050,000 | $205,000 | $6,803 | 2.94% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 9 | $1,985,000 | $220,556 | $3,894 | 3.01% |
| MONTGOMERY, AL (FHA|USDA|VA) | 5 | $1,775,000 | $355,000 | $4,791 | 2.98% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,755,000 | $585,000 | $5,418 | 2.63% |
| Shelbyville, TN (FHA|USDA|VA) | 8 | $1,720,000 | $215,000 | $5,552 | 3.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 6 | $1,710,000 | $285,000 | $4,274 | 3.02% |
| Corinth, MS (FHA|USDA|VA) | 10 | $1,570,000 | $157,000 | $4,549 | 3.06% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 4 | $1,450,000 | $362,500 | $3,850 | 2.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,410,000 | $352,500 | $5,040 | 2.84% |
| Douglas, GA (FHA|USDA|VA) | 10 | $1,410,000 | $141,000 | $3,856 | 3.00% |
| Oxford, MS (FHA|USDA|VA) | 6 | $1,330,000 | $221,667 | $3,543 | 3.15% |
| Middlesborough, KY (FHA|USDA|VA) | 9 | $1,315,000 | $146,111 | $4,919 | 3.15% |
| SAVANNAH, GA (FHA|USDA|VA) | 5 | $1,315,000 | $263,000 | $3,462 | 3.25% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $3,088 | 2.98% |
| Batesville, AR (FHA|USDA|VA) | 12 | $1,290,000 | $107,500 | $5,094 | 3.06% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 6 | $1,260,000 | $210,000 | $4,310 | 2.81% |
| Scottsboro, AL (FHA|USDA|VA) | 7 | $1,235,000 | $176,429 | $3,542 | 3.04% |
| Brownsville, TN (FHA|USDA|VA) | 7 | $1,195,000 | $170,714 | $3,696 | 2.93% |
| BRUNSWICK, GA (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $3,384 | 2.97% |
| Summerville, GA (FHA|USDA|VA) | 6 | $1,130,000 | $188,333 | $5,881 | 2.88% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $4,620 | 2.84% |
| Cordele, GA (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $4,345 | 2.72% |
| McComb, MS (FHA|USDA|VA) | 5 | $1,005,000 | $201,000 | $3,540 | 3.03% |
| Frankfort, KY (FHA|USDA|VA) | 5 | $985,000 | $197,000 | $2,463 | 2.28% |
| London, KY (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $5,024 | 3.03% |
| ROME, GA (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $8,327 | 3.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $6,157 | 2.79% |
| Moultrie, GA (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $3,421 | 2.56% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $6,850 | 3.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $2,712 | 2.96% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $3,120 | 2.60% |
| Malvern, AR (FHA|USDA|VA) | 6 | $870,000 | $145,000 | $5,420 | 3.04% |
| Boone, NC (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $4,010 | 3.17% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $3,704 | 2.78% |
| Georgetown, SC (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $3,821 | 2.81% |
| Union City, TN (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $3,900 | 3.16% |
| Paris, TN (FHA|USDA|VA) | 5 | $795,000 | $159,000 | $5,505 | 3.25% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $3,354 | 2.50% |
| Jasper, AL (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $4,656 | 2.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $3,261 | 2.83% |
| Dublin, GA (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $3,983 | 2.84% |
| Jefferson, GA (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $5,504 | 3.25% |
| FLORENCE, SC (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $4,676 | 3.21% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $4,878 | 3.06% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $3,438 | 2.92% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $8,361 | 3.00% |
| Tifton, GA (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $3,323 | 2.88% |
| Searcy, AR (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $6,906 | 3.19% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $3,949 | 2.88% |
| Ozark, AL (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $3,225 | 2.13% |
| Martin, TN (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $5,392 | 3.17% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,029 | 2.88% |
| Starkville, MS (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $6,680 | 3.13% |
| Americus, GA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $5,070 | 3.13% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $3,713 | 3.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $2,909 | 2.94% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,540 | 2.88% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,278 | 3.13% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,148 | 2.81% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,820 | 2.50% |
| Troy, AL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $5,387 | 2.94% |
| VALDOSTA, GA (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $3,688 | 2.79% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,347 | 2.94% |
| Central City, KY (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,788 | 3.13% |
| Seneca, SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,491 | 3.13% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,759 | 3.50% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,953 | 3.13% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,754 | 3.44% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,026 | 2.63% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $10,471 | 3.13% |
| OCALA, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,345 | 2.63% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,733 | 3.50% |
| Greenwood, MS (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $1,940 | 3.00% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,155 | 3.25% |
| Washington, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,446 | 3.00% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,825 | 2.50% |
| Forest City, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,427 | 2.63% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,625 | 2.50% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,874 | 2.75% |
| Richmond-Berea, KY (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,012 | 2.44% |
| Arkadelphia, AR (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $5,242 | 2.81% |
| Sanford, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,180 | 2.75% |
| Mountain Home, AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,451 | 2.88% |
| Grenada, MS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,105 | 3.25% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,961 | 2.88% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,195 | 3.00% |
| Vicksburg, MS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,173 | 3.75% |
| Columbus, MS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,106 | 3.25% |
| Clarksdale, MS (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $2,699 | 3.56% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,965 | 3.25% |
| Shelby, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,430 | 3.13% |
| Fitzgerald, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,948 | 2.38% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,975 | 2.75% |
| Blytheville, AR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,336 | 3.25% |
Mortgage Investors Group 's top markets include Knoxville, Nashville, Sevierville, Memphis, and Chattanooga among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 10,283 | $2,615,875,000 | $254,388 | $3,901 | 3.03% |
| FHA | 1,661 | $327,305,000 | $197,053 | $7,078 | 3.01% |
| USDA | 794 | $141,860,000 | $178,665 | $5,258 | 2.93% |
| VA | 652 | $201,800,000 | $309,509 | $6,578 | 2.87% |
For the 2021 period, Mortgage Investors Group 's most frequently originated loan type of loans were Conventional, with 10,283 originations. Their 2nd most popular type is FHA, with 1,661 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 8,861 | $2,254,925,000 | $254,477 | $4,883 | 3.03% |
| Refi | 2,755 | $630,395,000 | $228,819 | $3,583 | 2.86% |
| Cash Out Refi | 997 | $228,385,000 | $229,072 | $4,133 | 3.13% |
| Home Improvement | 616 | $136,620,000 | $221,786 | $3,966 | 3.13% |
| Other | 161 | $36,515,000 | $226,801 | $3,909 | 3.17% |
For the 2021, Mortgage Investors Group 's most frequently cited loan purpose of loans were Home Purchase, with 8,861 originations. The 2nd most popular reason of loans were Refi, with 2,755 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 11,161 | $2,813,315,000 | $252,067 | $4,695 | 3.09% |
| 15 Year | 1,544 | $318,410,000 | $206,224 | $3,476 | 2.47% |
| 20 Year | 476 | $108,170,000 | $227,248 | $3,422 | 2.97% |
| Other | 81 | $17,465,000 | $215,617 | $3,794 | 3.10% |
| 10 Year | 68 | $12,620,000 | $185,588 | $3,233 | 2.49% |
| 30+ year | 60 | $16,860,000 | $281,000 | $6,686 | 3.64% |
For the 2021, Mortgage Investors Group 's most frequently cited loan length of loans were 30 Year, with 11,161 originations. The 2nd most popular length of loans were 15 Year, with 1,544 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 9,347 | $2,261,935,000 | $241,996 |
| $2k-3k | 1,783 | $400,575,000 | $224,663 |
| $3k-4k | 1,041 | $282,615,000 | $271,484 |
| $<1k | 936 | $228,730,000 | $244,370 |
| $5k+ | 282 | $112,860,000 | $400,213 |
$4,695 of loans were Mortgage Investors Group 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 9,347 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 6,614 | $1,711,180,000 | $258,721 |
| 3-4% | 5,073 | $1,175,125,000 | $231,643 |
| <2.5% | 1,501 | $355,855,000 | $237,079 |
| 4-5% | 196 | $43,120,000 | $220,000 |
| 5-6% | 6 | $1,560,000 | $260,000 |
During 2021, Mortgage Investors Group 's average interest rate of loans were 3.09%, while their most frequently originated rate bucket of loans were 2.5-3%, with 6,614 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 6,267 | $1,726,905,000 | $275,555 | $4,731 | 2.99% |
| $100k-200k | 4,920 | $758,300,000 | $154,126 | $4,072 | 3.04% |
| $400k-600k | 1,341 | $641,725,000 | $478,542 | $5,266 | 2.96% |
| $100,000 or less | 731 | $58,445,000 | $79,952 | $3,415 | 3.11% |
| $600k-1MM | 119 | $87,655,000 | $736,597 | $8,347 | 3.06% |
| $1MM+ | 12 | $13,810,000 | $1,150,833 | $7,925 | 3.01% |
2021 saw Mortgage Investors Group place emphasis on $200k-400k loans with 6,267 originations, totaling $1,726,905,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 3,421 | $713,145,000 | $208,461 | $4,619 | 3.02% |
| $50k or less | 2,972 | $469,310,000 | $157,910 | $4,336 | 3.05% |
| $100k-150k | 2,554 | $748,500,000 | $293,070 | $4,442 | 2.98% |
| $75k-100k | 2,332 | $585,710,000 | $251,162 | $4,462 | 3.01% |
| $150k-250k | 1,515 | $533,325,000 | $352,030 | $4,670 | 2.99% |
| $250k+ | 519 | $217,995,000 | $420,029 | $4,929 | 3.00% |
Mortgage Investors Group lent most frequently to those with incomes in the $50k-75k range, with 3,421 originations. The second most popular income band? $50k or less, with 2,972 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 3,279 | $803,805,000 | $245,137 | $4,120 | 2.97% |
| 30-36% | 2,527 | $617,055,000 | $244,185 | $4,467 | 3.03% |
| <20% | 1,295 | $293,805,000 | $226,876 | $3,792 | 2.91% |
| 44% | 566 | $135,080,000 | $238,657 | $4,760 | 3.07% |
| 43% | 526 | $133,140,000 | $253,118 | $4,668 | 3.08% |
| 42% | 521 | $132,845,000 | $254,981 | $4,821 | 3.04% |
| 37% | 505 | $125,555,000 | $248,624 | $4,358 | 2.97% |
| 40% | 491 | $120,785,000 | $245,998 | $4,602 | 3.05% |
| 39% | 488 | $118,970,000 | $243,791 | $4,784 | 3.07% |
| 36% | 472 | $114,670,000 | $242,945 | $4,403 | 3.01% |
| 41% | 455 | $117,915,000 | $259,154 | $4,871 | 3.07% |
| 38% | 434 | $102,310,000 | $235,737 | $4,689 | 3.06% |
| 50-60% | 386 | $95,730,000 | $248,005 | $7,336 | 2.99% |
| 45% | 329 | $81,595,000 | $248,009 | $4,847 | 3.06% |
| 49% | 296 | $77,840,000 | $262,973 | $4,805 | 3.02% |
| 46% | 273 | $69,595,000 | $254,927 | $4,883 | 3.09% |
| 47% | 270 | $70,960,000 | $262,815 | $4,800 | 3.04% |
| 48% | 246 | $64,150,000 | $260,772 | $4,861 | 3.06% |
| >60% | 12 | $5,070,000 | $422,500 | $6,930 | 2.69% |
Mortgage Investors Group lent most frequently to those with DTI ratios of 20-30%, with 3,279 originations. The next most common DTI ratio? 30-36%, with 2,527 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 11,505 | $2,795,605,000 | $242,990 | $4,451 | 3.01% |
| Not provided | 1,056 | $283,400,000 | $268,371 | $4,731 | 3.02% |
| Black | 497 | $112,755,000 | $226,871 | $5,219 | 3.05% |
| Asian | 240 | $68,710,000 | $286,292 | $4,435 | 3.01% |
| American Indian | 42 | $11,430,000 | $272,143 | $5,433 | 3.04% |
| Native Hawaiian | 21 | $6,805,000 | $324,048 | $5,114 | 3.13% |
| Asian Indian | 12 | $3,840,000 | $320,000 | $4,803 | 2.69% |
| Other Asian | 6 | $1,250,000 | $208,333 | $4,516 | 2.79% |
| Korean | 4 | $1,190,000 | $297,500 | $3,681 | 3.00% |
| Other Pacific Islander | 3 | $745,000 | $248,333 | $4,951 | 3.17% |
| Filipino | 2 | $570,000 | $285,000 | $4,933 | 2.75% |
| Not applicable | 1 | $325,000 | $325,000 | $3,112 | 3.00% |
| Chinese | 1 | $215,000 | $215,000 | $3,676 | 3.38% |
Approval Rates
Total approvals of all applications95.29%
Mortgage Investors 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 origination73.30%
Mortgage Investors Group has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 13,390 | $3,286,840,000 | $245,470 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 13,390 | $3,286,840,000 | $245,470 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 374 | $57,490,000 | $153,717 | $3,349 | 2.75% |
| 40-60% | 1,398 | $302,430,000 | $216,330 | $3,528 | 2.85% |
| 60-80% | 4,520 | $1,140,500,000 | $252,323 | $3,966 | 3.06% |
| 80-100% | 6,901 | $1,732,015,000 | $250,980 | $4,959 | 3.03% |
| Over 100% | 168 | $50,950,000 | $303,274 | $11,331 | 2.90% |
| Under 20% | 29 | $3,455,000 | $119,138 | $3,191 | 2.79% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MORTGAGE INVESTORS GROUP | VA mortgage | Closing on a mortgage | 1 | 50.0% |
| MORTGAGE INVESTORS GROUP | Other type of mortgage | Improper use of your report | 1 | 50.0% |
