Mortgage Investors Group Rates, Fees & Info

NASHVILLE, TN

LEI: 549300VNBQD8FDHF7563

Tax ID: 83-0310268

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

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • 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 Investors Group is a mid-sized mortgage company specializing in 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, Sevierville, Memphis, and Chattanooga among others. We have data for 158 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 an average 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 6.96% 11/26/22
    30 Year Conventional Refi 6.92% 11/26/22
    30 Year Cash-out Refi 7.11% 11/26/22
    30 Year FHA Purchase 7.74% 11/26/22
    30 Year FHA Refi 7.53% 11/26/22
    30 Year VA Purchase 6.67% 11/26/22
    30 Year VA Refi 6.52% 11/26/22
    30 Year USDA Purchase 7.16% 11/26/22
    30 Year USDA Refi 7.11% 11/26/22
    15 Year Conventional Purchase 6.20% 11/26/22
    15 Year Conventional Refi 6.20% 11/26/22
    15 Year Cash-out Refi 6.20% 11/26/22
    15 Year FHA Purchase 7.42% 11/26/22
    15 Year FHA Refi 7.95% 11/26/22
    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.


    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 mortgage rate was 3.09%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.06%.

    Relative Fees (Closing Costs)

    Mortgage Investors Group's average total fees/closing costs for a 30 year fixed rate mortgage were $4,695.

    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 $4,750.

    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) 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.

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

    GEOVISTA
    Similarity Rank: 236
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    Citizens Tri-County Bank
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    KELLEY MORTGAGE, LLC
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    First Community Bank
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    Y-12 Federal Credit Union
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    FIRST COMMERCE CREDIT UNION
    Similarity Rank: 588

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Mortgage Investors Group's most frequently originated type of loan was Conventional, with 10,283 originations. Their 2nd most popular type was FHA, with 1,661 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Mortgage Investors Group's most frequently cited loan purpose was Home Purchase, with 8,861 originations. The 2nd most popular reason was 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 2021, Mortgage Investors Group's most frequently cited loan duration was 30 Year, with 11,161 originations. The 2nd most popular length was 15 Year, with 1,544 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 9,347 $2,261,935,000 $241,996
    $2k-3k 1,783 $400,575,000 $224,663
    $<1k 936 $228,730,000 $244,370
    $3k-4k 733 $188,835,000 $257,619
    $4k-5k 308 $93,780,000 $304,481
    $5k+ 282 $112,860,000 $400,213

    Mortgage Investors Group's average total fees were $4,695, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.09%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    95.84%

    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
    72.83%

    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%