Mortgage Investors Group Rates, Fees & Info

NASHVILLE, TN

LEI: 549300VNBQD8FDHF7563

Tax ID: 83-0310268

5 stars - out of 5 stars, based on 116 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

13,390

Origination Dollar Volume (All Markets)

$3,286,840,000
Show all (29) awards

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 applications
95.29%

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 origination
73.30%

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%