Mortgage Investors Group Rates, Fees & Info

NASHVILLE, TN

LEI: 549300VNBQD8FDHF7563

Tax ID: 83-0310268

5 stars - Updated: 4/5/25 - out of 5 stars, based on 70 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Mortgage Investors Group is a small 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 by origination volume include: Knoxville, Nashville, Memphis, Chattanooga, and Sevierville among others. We have data for 166 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mortgage Investors 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. Mortgage Investors 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 6.99% 4/5/25
    30 Year Conventional Refi 7.07% 4/5/25
    30 Year Cash-out Refi 7.43% 4/5/25
    30 Year FHA Purchase 7.21% 4/5/25
    30 Year FHA Refi 7.05% 4/5/25
    30 Year VA Purchase 6.29% 4/5/25
    30 Year VA Refi 6.21% 4/5/25
    30 Year USDA Purchase 6.97% 4/5/25
    15 Year Conventional Purchase 6.37% 4/5/25
    15 Year Conventional Refi 6.13% 4/5/25
    15 Year Cash-out Refi 6.13% 4/5/25
    15 Year FHA Purchase 7.10% 4/5/25
    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 Investors Group Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Mortgage Investors 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

    4,936

    Origination Dollar Volume (All Markets)

    $1,471,470,000
    Show all (17) awards

    Relative Rate

    Mortgage Investors Group's average 30 year fixed mortgage rate was 6.52%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.03%.

    Relative Fees (Closing Costs)

    Mortgage Investors Group's average total fees/closing costs for a 30 year fixed rate mortgage were $7,251.

    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 $8,356.

    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
    KNOXVILLE, TN (FHA|USDA|VA) 1,746 $558,520,000 $319,885 $7,385 6.61%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 290 $118,510,000 $408,655 $7,712 6.50%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 338 $107,780,000 $318,876 $8,038 6.57%
    Outside of Metro Areas 384 $89,820,000 $233,906 $6,594 6.45%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 252 $73,360,000 $291,111 $7,292 6.52%
    Sevierville, TN (FHA|USDA|VA) 147 $50,225,000 $341,667 $7,520 6.80%
    MORRISTOWN, TN (FHA|USDA|VA) 162 $42,050,000 $259,568 $7,671 6.60%
    JACKSON, TN (FHA|USDA|VA) 145 $37,955,000 $261,759 $6,393 6.42%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 99 $35,135,000 $354,899 $9,826 6.33%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 107 $25,495,000 $238,271 $7,280 6.57%
    JACKSON, MS (FHA|USDA|VA) 98 $24,870,000 $253,776 $5,869 6.78%
    JOHNSON CITY, TN (FHA|USDA|VA) 78 $20,820,000 $266,923 $7,610 6.50%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 64 $17,970,000 $280,781 $6,374 5.78%
    Cookeville, TN (FHA|USDA|VA) 58 $15,990,000 $275,690 $7,386 6.56%
    CLEVELAND, TN (FHA|USDA|VA) 51 $14,515,000 $284,608 $8,855 6.54%
    Athens, TN (FHA|USDA|VA) 60 $14,380,000 $239,667 $7,456 6.57%
    JONESBORO, AR (FHA|USDA|VA) 61 $13,955,000 $228,770 $5,268 6.41%
    Crossville, TN (FHA|USDA|VA) 44 $12,220,000 $277,727 $5,948 6.76%
    Paragould, AR (FHA|USDA|VA) 59 $11,235,000 $190,424 $4,935 6.51%
    HUNTSVILLE, AL (FHA|USDA|VA) 25 $11,035,000 $441,400 $7,861 5.81%
    DECATUR, AL (FHA|USDA|VA) 39 $10,995,000 $281,923 $6,743 5.26%
    Greeneville, TN (FHA|USDA|VA) 36 $10,240,000 $284,444 $8,383 6.44%
    Cullman, AL (FHA|USDA|VA) 26 $6,970,000 $268,077 $6,497 6.16%
    Newport, TN (FHA|USDA|VA) 24 $6,620,000 $275,833 $6,852 6.42%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 23 $6,265,000 $272,391 $9,056 6.25%
    GADSDEN, AL (FHA|USDA|VA) 26 $5,950,000 $228,846 $5,063 6.87%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 16 $4,460,000 $278,750 $6,242 6.65%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 17 $4,385,000 $257,941 $6,728 6.39%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 10 $3,870,000 $387,000 $5,558 6.48%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 11 $3,455,000 $314,091 $6,772 6.46%
    PANAMA CITY, FL (FHA|USDA|VA) 9 $3,315,000 $368,333 $6,768 6.78%
    Dayton, TN (FHA|USDA|VA) 13 $3,205,000 $246,538 $7,517 6.40%
    Brookhaven, MS (FHA|USDA|VA) 13 $3,025,000 $232,692 $3,968 6.06%
    Oxford, MS (FHA|USDA|VA) 9 $2,895,000 $321,667 $4,828 6.24%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 6 $2,880,000 $480,000 $7,658 6.42%
    McMinnville, TN (FHA|USDA|VA) 10 $2,520,000 $252,000 $7,978 6.79%
    Fort Payne, AL (FHA|USDA|VA) 12 $2,490,000 $207,500 $4,179 6.63%
    Danville, KY (FHA|USDA|VA) 13 $2,475,000 $190,385 $4,351 6.58%
    Lawrenceburg, TN (FHA|USDA|VA) 9 $2,415,000 $268,333 $6,863 6.60%
    Scottsboro, AL (FHA|USDA|VA) 6 $2,360,000 $393,333 $4,864 5.58%
    Lewisburg, TN (FHA|USDA|VA) 8 $2,330,000 $291,250 $7,929 5.83%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 7 $1,915,000 $273,571 $4,350 5.55%
    SAVANNAH, GA (FHA|USDA|VA) 7 $1,825,000 $260,714 $10,851 6.23%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 6 $1,790,000 $298,333 $6,368 7.17%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $1,680,000 $420,000 $5,791 6.50%
    MOBILE, AL (FHA|USDA|VA) 9 $1,665,000 $185,000 $6,496 6.43%
    DOTHAN, AL (FHA|USDA|VA) 6 $1,640,000 $273,333 $5,230 5.39%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 6 $1,620,000 $270,000 $5,548 6.77%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 5 $1,585,000 $317,000 $6,643 7.17%
    COLUMBUS, GA-AL (FHA|USDA|VA) 6 $1,560,000 $260,000 $8,769 6.12%
    Albertville, AL (FHA|USDA|VA) 6 $1,510,000 $251,667 $6,831 7.10%
    Laurel, MS (FHA|USDA|VA) 9 $1,505,000 $167,222 $6,217 6.57%
    MONTGOMERY, AL (FHA|USDA|VA) 6 $1,490,000 $248,333 $5,394 6.62%
    TUSCALOOSA, AL (FHA|USDA|VA) 7 $1,465,000 $209,286 $8,247 6.55%
    Paris, TN (FHA|USDA|VA) 7 $1,425,000 $203,571 $5,427 6.61%
    DALTON, GA (FHA|USDA|VA) 6 $1,390,000 $231,667 $6,694 6.35%
    Jasper, AL (FHA|USDA|VA) 6 $1,360,000 $226,667 $5,110 4.06%
    Calhoun, GA (FHA|USDA|VA) 3 $1,355,000 $451,667 $7,741 6.54%
    Vicksburg, MS (FHA|USDA|VA) 7 $1,305,000 $186,429 $5,995 6.71%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $1,305,000 $435,000 $8,191 6.91%
    HOT SPRINGS, AR (FHA|USDA|VA) 4 $1,210,000 $302,500 $4,727 6.87%
    Tupelo, MS (FHA|USDA|VA) 6 $1,170,000 $195,000 $6,468 6.52%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 3 $1,155,000 $385,000 $11,901 7.71%
    Middlesborough, KY (FHA|USDA|VA) 7 $1,135,000 $162,143 $5,518 6.68%
    BURLINGTON, NC (FHA|USDA|VA) 3 $1,135,000 $378,333 $9,496 6.49%
    WARNER ROBINS, GA (FHA|USDA|VA) 4 $1,130,000 $282,500 $9,395 6.15%
    Shelbyville, TN (FHA|USDA|VA) 4 $1,100,000 $275,000 $9,214 6.56%
    WILMINGTON, NC (FHA|USDA|VA) 3 $1,055,000 $351,667 $7,955 7.13%
    GAINESVILLE, GA (FHA|USDA|VA) 3 $1,055,000 $351,667 $9,575 6.16%
    FAYETTEVILLE, NC (FHA|USDA|VA) 4 $1,000,000 $250,000 $8,957 6.47%
    FLORENCE, SC (FHA|USDA|VA) 3 $995,000 $331,667 $9,926 7.33%
    ALBANY, GA (FHA|USDA|VA) 4 $980,000 $245,000 $8,558 6.69%
    Martin, TN (FHA|USDA|VA) 4 $980,000 $245,000 $9,709 5.94%
    Statesboro, GA (FHA|USDA|VA) 4 $970,000 $242,500 $5,567 6.72%
    Troy, AL (FHA|USDA|VA) 4 $950,000 $237,500 $4,498 4.69%
    Dyersburg, TN (FHA|USDA|VA) 5 $945,000 $189,000 $6,516 6.42%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $940,000 $470,000 $10,034 5.88%
    Brownsville, TN (FHA|USDA|VA) 5 $915,000 $183,000 $7,004 6.70%
    WINSTON-SALEM, NC (FHA|USDA|VA) 3 $865,000 $288,333 $7,501 6.16%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 5 $855,000 $171,000 $6,337 6.75%
    Jefferson, GA (FHA|USDA|VA) 2 $850,000 $425,000 $13,037 5.81%
    RICHMOND, VA (FHA|USDA|VA) 2 $820,000 $410,000 $12,412 6.75%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $800,000 $400,000 $8,511 6.31%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $770,000 $385,000 $4,891 6.43%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $765,000 $765,000 $10,616 6.13%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $745,000 $248,333 $7,089 6.21%
    Meridian, MS (FHA|USDA|VA) 4 $710,000 $177,500 $7,317 7.03%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $705,000 $705,000 $4,732 7.62%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 5 $675,000 $135,000 $7,627 6.38%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $675,000 $225,000 $6,394 6.83%
    ROME, GA (FHA|USDA|VA) 3 $665,000 $221,667 $8,446 6.46%
    HATTIESBURG, MS (FHA|USDA|VA) 3 $655,000 $218,333 $8,155 6.83%
    Brevard, NC (FHA|USDA|VA) 2 $600,000 $300,000 $9,263 5.87%
    Searcy, AR (FHA|USDA|VA) 2 $600,000 $300,000 $13,524 6.12%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $595,000 $595,000 $6,787 6.49%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $590,000 $295,000 $5,854 6.18%
    LaGrange, GA-AL (FHA|USDA|VA) 1 $585,000 $585,000 $3,649 5.63%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 3 $575,000 $191,667 $6,116 6.63%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $570,000 $285,000 $10,022 6.88%
    Summerville, GA (FHA|USDA|VA) 3 $565,000 $188,333 $6,987 4.33%
    SUMTER, SC (FHA|USDA|VA) 2 $540,000 $270,000 $8,645 6.13%
    Frankfort, KY (FHA|USDA|VA) 3 $525,000 $175,000 $5,883 6.50%
    BOWLING GREEN, KY (FHA|USDA|VA) 2 $520,000 $260,000 $9,648 6.50%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $510,000 $255,000 $7,731 6.81%
    Batesville, AR (FHA|USDA|VA) 3 $505,000 $168,333 $4,770 6.79%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $495,000 $165,000 $10,258 6.54%
    Corinth, MS (FHA|USDA|VA) 3 $495,000 $165,000 $6,409 6.29%
    Vidalia, GA (FHA|USDA|VA) 2 $490,000 $245,000 $9,366 6.69%
    Richmond-Berea, KY (FHA|USDA|VA) 2 $490,000 $245,000 $3,841 6.43%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $485,000 $485,000 $3,123 7.38%
    Union City, TN (FHA|USDA|VA) 3 $485,000 $161,667 $7,106 6.42%
    Malvern, AR (FHA|USDA|VA) 2 $470,000 $235,000 $6,212 6.81%
    Georgetown, SC (FHA|USDA|VA) 2 $450,000 $225,000 $6,718 4.38%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $445,000 $445,000 $5,580 7.38%
    Somerset, KY (FHA|USDA|VA) 2 $400,000 $200,000 $4,363 3.50%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $395,000 $395,000 $600 6.00%
    LOUISVILLE, KY (FHA|USDA|VA) 2 $390,000 $195,000 $7,399 6.81%
    COLUMBIA, SC (FHA|USDA|VA) 1 $385,000 $385,000 $7,370 7.25%
    London, KY (FHA|USDA|VA) 2 $380,000 $190,000 $5,492 7.00%
    Blytheville, AR (FHA|USDA|VA) 2 $380,000 $190,000 $6,729 6.44%
    Ozark, AL (FHA|USDA|VA) 1 $355,000 $355,000 $3,109 6.25%
    Mountain Home, AR (FHA|USDA|VA) 1 $355,000 $355,000 $2,829 6.38%
    North Wilkesboro, NC (FHA|USDA|VA) 2 $350,000 $175,000 $3,762 6.75%
    LYNCHBURG, VA (FHA|USDA|VA) 2 $330,000 $165,000 $4,776 6.63%
    Wilson, NC (FHA|USDA|VA) 1 $305,000 $305,000 $3,595 7.38%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $305,000 $305,000 $5,346 8.00%
    Cedartown, GA (FHA|USDA|VA) 1 $305,000 $305,000 $12,235 5.50%
    Greenwood, MS (FHA|USDA|VA) 1 $295,000 $295,000 $9,527 5.75%
    Washington, NC (FHA|USDA|VA) 1 $295,000 $295,000 $11,251 5.63%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $295,000 $295,000 $12,802 5.25%
    Greenwood, SC (FHA|USDA|VA) 1 $275,000 $275,000 $4,350 6.63%
    Arkadelphia, AR (FHA|USDA|VA) 1 $275,000 $275,000 $3,765 6.88%
    Milledgeville, GA (FHA|USDA|VA) 1 $265,000 $265,000 $5,715 6.38%
    HINESVILLE, GA (FHA|USDA|VA) 1 $245,000 $245,000 $3,315 4.50%
    El Dorado, AR (FHA|USDA|VA) 1 $245,000 $245,000 $7,124 6.25%
    Russellville, AR (FHA|USDA|VA) 1 $245,000 $245,000 $6,848 6.13%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $245,000 $245,000 $6,125 6.38%
    VALDOSTA, GA (FHA|USDA|VA) 1 $235,000 $235,000 $10,361 7.63%
    OCALA, FL (FHA|USDA|VA) 1 $235,000 $235,000 $12,894 5.50%
    Morehead City, NC (FHA|USDA|VA) 1 $225,000 $225,000 $8,757 5.63%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $215,000 $215,000 $12,767 5.50%
    Eufaula, AL-GA (FHA|USDA|VA) 1 $215,000 $215,000 $3,756 0.00%
    Starkville, MS (FHA|USDA|VA) 1 $205,000 $205,000 $5,584 6.88%
    Grenada, MS (FHA|USDA|VA) 1 $205,000 $205,000 $5,545 7.50%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $205,000 $205,000 $7,858 6.75%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $195,000 $195,000 $3,949 6.99%
    Thomaston, GA (FHA|USDA|VA) 1 $185,000 $185,000 $9,102 6.63%
    Seneca, SC (FHA|USDA|VA) 1 $185,000 $185,000 $4,530 6.75%
    Toccoa, GA (FHA|USDA|VA) 1 $175,000 $175,000 $7,038 6.63%
    Murray, KY (FHA|USDA|VA) 1 $175,000 $175,000 $3,330 7.38%
    Cleveland, MS (FHA|USDA|VA) 1 $175,000 $175,000 $5,829 6.87%
    Cornelia, GA (FHA|USDA|VA) 1 $165,000 $165,000 $8,838 5.50%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $165,000 $165,000 $7,259 6.25%
    Dublin, GA (FHA|USDA|VA) 1 $165,000 $165,000 $4,724 6.88%
    ROANOKE, VA (FHA|USDA|VA) 1 $155,000 $155,000 $4,189 6.75%
    Martinsville, VA (FHA|USDA|VA) 1 $155,000 $155,000 $8,356 6.49%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $155,000 $155,000 $6,395 6.13%
    Helena-West Helena, AR (FHA|USDA|VA) 1 $155,000 $155,000 $7,543 6.25%
    Tifton, GA (FHA|USDA|VA) 1 $145,000 $145,000 $6,596 6.99%
    Cordele, GA (FHA|USDA|VA) 1 $135,000 $135,000 $6,249 6.13%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $135,000 $135,000 $3,533 6.63%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,957 6.50%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $125,000 $125,000 $3,770 6.88%
    Paducah, KY-IL (FHA|USDA|VA) 1 $85,000 $85,000 $3,304 6.99%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $85,000 $85,000 $4,872 6.49%
    Madisonville, KY (FHA|USDA|VA) 1 $65,000 $65,000 $4,119 7.00%
    Mortgage Investors Group's top markets include Knoxville, Nashville, Memphis, Chattanooga, and Sevierville among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)

    • Similar Lenders

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

    VICTORY MORTGAGE, L.L.C.
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    Y-12 Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,998 $923,880,000 $308,165 $5,711 6.66%
    FHA 1,418 $381,630,000 $269,133 $10,267 6.35%
    VA 339 $129,575,000 $382,227 $7,283 6.16%
    USDA 181 $36,385,000 $201,022 $6,849 6.35%

    For 2024, Mortgage Investors Group's most frequently originated type of loan was Conventional, with 2,998 originations. Their 2nd most popular type was FHA, with 1,418 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 4,394 $1,320,440,000 $300,510 $7,362 6.54%
    Refi 307 $92,915,000 $302,655 $5,623 6.01%
    Cash Out Refi 176 $42,340,000 $240,568 $7,060 6.80%
    Home Improvement 52 $14,200,000 $273,077 $6,954 6.79%
    Other 7 $1,575,000 $225,000 $5,162 7.19%

    For 2024, Mortgage Investors Group's most frequently cited loan purpose was Home Purchase, with 4,394 originations. The 2nd most popular reason was Refi, with 307 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,794 $1,430,190,000 $298,329 $7,251 6.52%
    15 Year 71 $22,115,000 $311,479 $5,763 5.96%
    20 Year 42 $10,890,000 $259,286 $7,234 6.62%
    30+ year 18 $5,390,000 $299,444 $8,426 8.57%
    Other 10 $2,680,000 $268,000 $8,806 5.66%
    10 Year 1 $205,000 $205,000 $6,027 7.00%

    For 2024, Mortgage Investors Group's most frequently cited loan duration was 30 Year, with 4,794 originations. The 2nd most popular length was 15 Year, with 71 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,740 $520,380,000 $299,069
    $2k-3k 981 $255,285,000 $260,229
    $3k-4k 813 $210,855,000 $259,354
    $5k+ 585 $239,675,000 $409,701
    $4k-5k 433 $134,505,000 $310,635
    $<1k 167 $55,755,000 $333,862

    Mortgage Investors Group's average total fees were $7,251, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,740 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 3,168 $912,400,000 $288,005
    5-6% 826 $270,720,000 $327,748
    7-8% 818 $247,750,000 $302,873
    <2.5% 56 $18,690,000 $333,750
    Over 8% 49 $13,455,000 $274,592
    4-5% 19 $8,455,000 $445,000

    During 2024, Mortgage Investors Group's average interest rate for loans was 6.52%, while their most frequently originated rate bucket for loans was 6-7%, with 3,168 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,789 $796,385,000 $285,545 $7,556 6.50%
    $100k-200k 1,095 $174,855,000 $159,685 $5,536 6.61%
    $400k-600k 671 $319,865,000 $476,699 $8,701 6.40%
    $600k-1MM 211 $150,145,000 $711,588 $8,907 6.51%
    $100,000 or less 156 $12,350,000 $79,167 $4,097 6.85%
    $1MM+ 14 $17,870,000 $1,276,429 $8,928 6.61%

    2024 saw Mortgage Investors Group place emphasis on $200k-400k loans with 2,789 originations, totaling $796,385,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,204 $393,090,000 $326,487 $7,564 6.52%
    $50k-75k 1,177 $256,385,000 $217,829 $6,891 6.50%
    $75k-100k 1,029 $277,965,000 $270,131 $7,549 6.47%
    $150k-250k 746 $309,070,000 $414,303 $7,588 6.55%
    $50k or less 484 $79,080,000 $163,388 $5,842 6.51%
    $250k+ 292 $154,480,000 $529,041 $7,750 6.81%

    Mortgage Investors Group lent most frequently to those with incomes in the $100k-150k range, with 1,204 originations. The second most popular income band? $50k-75k, with 1,177 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 827 $238,375,000 $288,241 $6,719 6.54%
    20-30% 759 $212,715,000 $280,257 $6,085 6.59%
    50-60% 405 $124,075,000 $306,358 $10,339 6.27%
    44% 236 $67,280,000 $285,085 $7,687 6.64%
    49% 221 $71,415,000 $323,145 $7,461 6.46%
    42% 211 $62,675,000 $297,038 $7,106 6.48%
    <20% 206 $57,940,000 $281,262 $5,532 6.50%
    40% 205 $61,605,000 $300,512 $7,185 6.54%
    43% 204 $59,910,000 $293,676 $7,910 6.61%
    41% 201 $61,045,000 $303,706 $6,974 6.62%
    48% 200 $59,480,000 $297,400 $7,229 6.65%
    39% 197 $60,725,000 $308,249 $7,249 6.36%
    45% 193 $66,735,000 $345,777 $7,783 6.52%
    37% 184 $55,200,000 $300,000 $6,731 6.57%
    38% 183 $51,655,000 $282,268 $7,412 6.55%
    36% 171 $49,765,000 $291,023 $6,743 6.57%
    46% 163 $54,815,000 $336,288 $7,749 6.42%
    47% 159 $50,345,000 $316,635 $7,335 6.54%
    >60% 9 $4,925,000 $547,222 $10,922 6.15%

    Mortgage Investors Group lent most frequently to those with DTI ratios of 30-36%, with 827 originations. The next most common DTI ratio? 20-30%, with 759 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,103 $1,215,215,000 $296,177 $7,117 6.52%
    Not provided 517 $160,995,000 $311,402 $7,497 6.56%
    Black 207 $55,975,000 $270,411 $8,887 6.44%
    Asian 51 $19,945,000 $391,078 $7,523 6.55%
    American Indian 20 $6,090,000 $304,500 $7,691 6.61%
    Asian Indian 12 $5,700,000 $475,000 $6,645 6.58%
    Vietnamese 11 $3,475,000 $315,909 $6,469 6.54%
    Other Asian 4 $1,690,000 $422,500 $9,408 6.40%
    Native Hawaiian or Islander 3 $755,000 $251,667 $7,081 6.70%
    Filipino 3 $565,000 $188,333 $6,946 6.25%
    Chinese 2 $440,000 $220,000 $7,291 6.31%
    Korean 2 $400,000 $200,000 $4,461 6.38%
    Japanese 1 $225,000 $225,000 $5,111 6.12%

    Approval Rates

    Total approvals of all applications
    95.52%

    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 origination
    70.73%

    Mortgage Investors Group has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $495,000 $495,000
    NA 4,935 $1,470,975,000 $298,070

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4,936 $1,471,470,000 $298,110

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 181 $30,985,000 $171,188 $4,336 6.55%
    40-60% 427 $113,705,000 $266,288 $5,122 6.35%
    60-80% 1,126 $353,520,000 $313,961 $6,079 6.65%
    80-100% 3,104 $944,860,000 $304,401 $7,949 6.51%
    Over 100% 67 $24,085,000 $359,478 $12,875 6.23%
    Under 20% 28 $3,180,000 $113,571 $3,935 6.51%