Mortgage Investors Group Rates, Fees & Info

NASHVILLE, TN

LEI: 549300VNBQD8FDHF7563

Tax ID: 83-0310268

5 stars - out of 5 stars, based on 85 reviews

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

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  • SimulatedRates™
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    • Mortgage Data

  • 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 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 147 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 6.69% 6/4/23
    30 Year Conventional Refi 6.56% 6/4/23
    30 Year Cash-out Refi 6.94% 6/4/23
    30 Year FHA Purchase 7.33% 6/4/23
    30 Year FHA Refi 7.00% 6/4/23
    30 Year VA Purchase 6.26% 6/4/23
    30 Year VA Refi 6.16% 6/4/23
    30 Year USDA Purchase 6.69% 6/4/23
    30 Year USDA Refi 5.74% 6/4/23
    15 Year Conventional Purchase 6.14% 6/4/23
    15 Year Conventional Refi 6.16% 6/4/23
    15 Year Cash-out Refi 6.16% 6/4/23
    15 Year FHA Purchase 5.68% 6/4/23
    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

    7,295

    Origination Dollar Volume (All Markets)

    $1,982,235,000
    Show all (29) awards

    Relative Rate

    Mortgage Investors Group's average 30 year fixed mortgage rate was 4.9%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.14%.

    Relative Fees (Closing Costs)

    Mortgage Investors Group's average total fees/closing costs for a 30 year fixed rate mortgage were $6,058.

    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) 2,717 $759,575,000 $279,564 $6,018 4.84%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 519 $189,435,000 $365,000 $6,096 4.79%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 482 $139,390,000 $289,191 $5,965 4.92%
    Outside of Metro Areas 518 $114,290,000 $220,637 $5,722 4.88%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 426 $109,840,000 $257,840 $5,866 4.90%
    Sevierville, TN (FHA|USDA|VA) 301 $105,085,000 $349,120 $7,386 4.94%
    MORRISTOWN, TN (FHA|USDA|VA) 276 $62,210,000 $225,399 $6,111 4.76%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 135 $45,925,000 $340,185 $5,754 4.95%
    JACKSON, TN (FHA|USDA|VA) 203 $44,825,000 $220,813 $5,568 4.80%
    Cookeville, TN (FHA|USDA|VA) 116 $30,230,000 $260,603 $5,791 5.12%
    Crossville, TN (FHA|USDA|VA) 119 $28,675,000 $240,966 $5,375 4.70%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 126 $25,630,000 $203,413 $6,225 4.97%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 81 $24,125,000 $297,840 $5,080 4.68%
    JOHNSON CITY, TN (FHA|USDA|VA) 88 $20,070,000 $228,068 $6,791 5.04%
    Thomasville, GA (FHA|USDA|VA) 80 $19,840,000 $248,000 $4,380 4.42%
    Athens, TN (FHA|USDA|VA) 79 $16,325,000 $206,646 $6,075 4.90%
    CLEVELAND, TN (FHA|USDA|VA) 65 $16,045,000 $246,846 $6,508 4.89%
    DECATUR, AL (FHA|USDA|VA) 50 $13,870,000 $277,400 $7,283 4.31%
    JACKSON, MS (FHA|USDA|VA) 42 $11,710,000 $278,810 $4,835 4.97%
    GADSDEN, AL (FHA|USDA|VA) 49 $10,445,000 $213,163 $4,523 4.71%
    Newport, TN (FHA|USDA|VA) 49 $9,675,000 $197,449 $6,085 4.91%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 36 $9,520,000 $264,444 $7,145 4.75%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 31 $7,585,000 $244,677 $5,635 5.31%
    Greeneville, TN (FHA|USDA|VA) 38 $7,200,000 $189,474 $5,908 4.85%
    Paragould, AR (FHA|USDA|VA) 38 $7,190,000 $189,211 $5,075 4.65%
    TALLAHASSEE, FL (FHA|USDA|VA) 24 $7,040,000 $293,333 $4,891 4.22%
    HUNTSVILLE, AL (FHA|USDA|VA) 18 $6,890,000 $382,778 $7,185 5.24%
    Dayton, TN (FHA|USDA|VA) 23 $5,965,000 $259,348 $6,471 4.46%
    Fort Payne, AL (FHA|USDA|VA) 33 $5,715,000 $173,182 $3,726 5.11%
    Meridian, MS (FHA|USDA|VA) 28 $5,290,000 $188,929 $5,039 4.08%
    Laurel, MS (FHA|USDA|VA) 28 $4,950,000 $176,786 $6,021 4.73%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 19 $4,665,000 $245,526 $4,429 4.53%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 13 $4,215,000 $324,231 $5,819 4.90%
    Cullman, AL (FHA|USDA|VA) 18 $4,120,000 $228,889 $6,415 4.33%
    Brookhaven, MS (FHA|USDA|VA) 18 $3,920,000 $217,778 $4,541 5.30%
    GAINESVILLE, GA (FHA|USDA|VA) 14 $3,680,000 $262,857 $7,125 5.13%
    Troy, AL (FHA|USDA|VA) 18 $3,410,000 $189,444 $5,259 4.60%
    PANAMA CITY, FL (FHA|USDA|VA) 10 $3,300,000 $330,000 $7,438 5.24%
    Lewisburg, TN (FHA|USDA|VA) 10 $3,270,000 $327,000 $6,403 4.25%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 11 $3,225,000 $293,182 $5,342 4.83%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 12 $3,120,000 $260,000 $5,299 4.71%
    DOTHAN, AL (FHA|USDA|VA) 13 $3,065,000 $235,769 $4,240 4.82%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 9 $2,845,000 $316,111 $3,046 3.99%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 6 $2,610,000 $435,000 $7,503 3.90%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 9 $2,295,000 $255,000 $4,350 4.76%
    DALTON, GA (FHA|USDA|VA) 12 $2,230,000 $185,833 $6,285 5.15%
    JONESBORO, AR (FHA|USDA|VA) 8 $2,090,000 $261,250 $5,499 4.83%
    MOBILE, AL (FHA|USDA|VA) 8 $2,030,000 $253,750 $5,963 4.78%
    Brownsville, TN (FHA|USDA|VA) 10 $1,940,000 $194,000 $6,304 4.64%
    Lawrenceburg, TN (FHA|USDA|VA) 10 $1,810,000 $181,000 $4,884 5.45%
    HOT SPRINGS, AR (FHA|USDA|VA) 4 $1,670,000 $417,500 $5,348 5.09%
    Enterprise, AL (FHA|USDA|VA) 7 $1,615,000 $230,714 $4,513 4.93%
    Jefferson, GA (FHA|USDA|VA) 4 $1,600,000 $400,000 $4,195 4.25%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 6 $1,590,000 $265,000 $5,330 4.98%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 5 $1,555,000 $311,000 $4,467 4.35%
    McMinnville, TN (FHA|USDA|VA) 8 $1,520,000 $190,000 $6,879 4.67%
    COLUMBUS, GA-AL (FHA|USDA|VA) 4 $1,500,000 $375,000 $6,689 5.06%
    Tupelo, MS (FHA|USDA|VA) 10 $1,460,000 $146,000 $3,924 4.94%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $1,360,000 $340,000 $7,450 5.56%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $1,355,000 $271,000 $5,061 5.40%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,300,000 $325,000 $7,817 4.88%
    ASHEVILLE, NC (FHA|USDA|VA) 3 $1,265,000 $421,667 $10,560 5.67%
    Danville, KY (FHA|USDA|VA) 7 $1,245,000 $177,857 $4,253 5.82%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,240,000 $310,000 $6,695 4.47%
    Shelbyville, TN (FHA|USDA|VA) 5 $1,225,000 $245,000 $4,797 4.85%
    Moultrie, GA (FHA|USDA|VA) 4 $1,220,000 $305,000 $4,272 3.25%
    Middlesborough, KY (FHA|USDA|VA) 9 $1,165,000 $129,444 $5,379 4.60%
    RALEIGH-CARY, NC (FHA|USDA|VA) 3 $1,155,000 $385,000 $4,678 5.46%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $1,080,000 $270,000 $7,269 4.22%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $1,070,000 $535,000 $5,882 6.00%
    HATTIESBURG, MS (FHA|USDA|VA) 6 $1,020,000 $170,000 $6,004 3.92%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 5 $1,015,000 $203,000 $6,086 4.53%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 3 $995,000 $331,667 $9,306 4.96%
    Ozark, AL (FHA|USDA|VA) 4 $980,000 $245,000 $4,592 4.94%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $950,000 $475,000 $7,635 4.88%
    Albertville, AL (FHA|USDA|VA) 3 $945,000 $315,000 $5,567 4.96%
    Douglas, GA (FHA|USDA|VA) 6 $940,000 $156,667 $4,695 5.17%
    Dyersburg, TN (FHA|USDA|VA) 5 $885,000 $177,000 $5,362 5.18%
    SAVANNAH, GA (FHA|USDA|VA) 3 $875,000 $291,667 $9,111 4.92%
    LOUISVILLE, KY (FHA|USDA|VA) 3 $815,000 $271,667 $5,822 5.25%
    Martin, TN (FHA|USDA|VA) 6 $800,000 $133,333 $4,794 4.88%
    WARNER ROBINS, GA (FHA|USDA|VA) 4 $770,000 $192,500 $7,894 5.56%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $740,000 $370,000 $2,935 5.50%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 3 $725,000 $241,667 $5,162 5.38%
    Fitzgerald, GA (FHA|USDA|VA) 3 $725,000 $241,667 $3,873 4.92%
    Batesville, AR (FHA|USDA|VA) 5 $685,000 $137,000 $5,632 5.45%
    Statesboro, GA (FHA|USDA|VA) 1 $665,000 $665,000 $8,702 5.50%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $645,000 $645,000 $6,180 2.88%
    Union City, TN (FHA|USDA|VA) 4 $640,000 $160,000 $4,189 5.41%
    Milledgeville, GA (FHA|USDA|VA) 1 $635,000 $635,000 $23,653 3.25%
    Alexander City, AL (FHA|USDA|VA) 2 $610,000 $305,000 $3,946 4.31%
    MONTGOMERY, AL (FHA|USDA|VA) 3 $585,000 $195,000 $5,951 5.25%
    Summerville, GA (FHA|USDA|VA) 2 $540,000 $270,000 $7,180 4.75%
    OCALA, FL (FHA|USDA|VA) 2 $530,000 $265,000 $10,786 3.19%
    Greenwood, MS (FHA|USDA|VA) 3 $505,000 $168,333 $6,122 6.04%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $500,000 $250,000 $10,452 4.56%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $500,000 $250,000 $3,848 4.13%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $495,000 $495,000 $6,154 5.38%
    Toccoa, GA (FHA|USDA|VA) 2 $470,000 $235,000 $4,052 4.69%
    WINSTON-SALEM, NC (FHA|USDA|VA) 2 $470,000 $235,000 $4,512 4.69%
    Key West, FL (FHA|USDA|VA) 1 $445,000 $445,000 $5,029 3.25%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $425,000 $425,000 $16,806 5.75%
    WILMINGTON, NC (FHA|USDA|VA) 1 $405,000 $405,000 $3,190 6.00%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $405,000 $405,000 $6,605 3.50%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $365,000 $365,000 $3,610 3.88%
    SUMTER, SC (FHA|USDA|VA) 1 $365,000 $365,000 $3,906 5.75%
    ALBANY, GA (FHA|USDA|VA) 2 $360,000 $180,000 $4,254 6.25%
    Cedartown, GA (FHA|USDA|VA) 2 $350,000 $175,000 $5,710 5.63%
    VALDOSTA, GA (FHA|USDA|VA) 2 $340,000 $170,000 $4,931 4.44%
    Eufaula, AL-GA (FHA|USDA|VA) 1 $335,000 $335,000 $3,800 5.00%
    FLORENCE, SC (FHA|USDA|VA) 3 $325,000 $108,333 $3,442 5.33%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $325,000 $325,000 $3,942 6.38%
    Cullowhee, NC (FHA|USDA|VA) 1 $305,000 $305,000 $11,255 5.38%
    Vicksburg, MS (FHA|USDA|VA) 1 $295,000 $295,000 $5,280 6.63%
    Corinth, MS (FHA|USDA|VA) 1 $285,000 $285,000 $1,255 5.13%
    Seneca, SC (FHA|USDA|VA) 1 $275,000 $275,000 $4,355 5.50%
    North Wilkesboro, NC (FHA|USDA|VA) 1 $275,000 $275,000 $5,333 6.25%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $275,000 $275,000 $9,792 5.25%
    Tifton, GA (FHA|USDA|VA) 1 $275,000 $275,000 $3,551 3.25%
    COLUMBIA, SC (FHA|USDA|VA) 1 $265,000 $265,000 $11,995 4.38%
    Frankfort, KY (FHA|USDA|VA) 1 $255,000 $255,000 $2,663 2.88%
    Georgetown, SC (FHA|USDA|VA) 1 $245,000 $245,000 $6,628 4.88%
    Searcy, AR (FHA|USDA|VA) 3 $245,000 $81,667 $3,786 5.29%
    Columbus, MS (FHA|USDA|VA) 1 $235,000 $235,000 $7,125 4.88%
    Scottsboro, AL (FHA|USDA|VA) 2 $230,000 $115,000 $4,593 4.44%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,620 4.88%
    Cornelia, GA (FHA|USDA|VA) 1 $195,000 $195,000 $3,225 6.13%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $185,000 $185,000 $4,230 5.13%
    Oxford, MS (FHA|USDA|VA) 1 $185,000 $185,000 $6,804 6.50%
    London, KY (FHA|USDA|VA) 2 $180,000 $90,000 $2,931 6.63%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $175,000 $175,000 $3,781 4.50%
    Paris, TN (FHA|USDA|VA) 1 $175,000 $175,000 $9,248 5.75%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $175,000 $175,000 $9,618 6.50%
    Shelby, NC (FHA|USDA|VA) 1 $165,000 $165,000 $11,348 5.63%
    Cleveland, MS (FHA|USDA|VA) 1 $165,000 $165,000 $4,315 3.25%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $155,000 $155,000 $3,217 3.63%
    HINESVILLE, GA (FHA|USDA|VA) 1 $135,000 $135,000 $5,428 5.88%
    BOWLING GREEN, KY (FHA|USDA|VA) 1 $135,000 $135,000 $3,185 4.38%
    Dublin, GA (FHA|USDA|VA) 1 $125,000 $125,000 $6,991 4.88%
    Bainbridge, GA (FHA|USDA|VA) 1 $125,000 $125,000 $3,783 3.88%
    Gaffney, SC (FHA|USDA|VA) 1 $125,000 $125,000 $2,697 4.25%
    Malvern, AR (FHA|USDA|VA) 1 $115,000 $115,000 $4,481 2.75%
    Waycross, GA (FHA|USDA|VA) 1 $95,000 $95,000 $4,504 5.50%
    Rockingham, NC (FHA|USDA|VA) 1 $95,000 $95,000 $4,462 7.13%
    Blytheville, AR (FHA|USDA|VA) 1 $65,000 $65,000 $3,646 4.88%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $55,000 $55,000 $4,449 6.00%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $55,000 $55,000 $3,276 3.25%
    Mortgage Investors Group's top markets include Knoxville, Nashville, Memphis, Chattanooga, and Sevierville among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Alabama (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
    Gulf Winds Credit Union
    Similarity Rank: 240
    Home Federal Bank of Tennessee
    Similarity Rank: 270
    First National Bank
    Similarity Rank: 275
    BankPlus
    Similarity Rank: 280
    FBT Mortgage, L.L.C.
    Similarity Rank: 315
    Citizens Tri-County Bank
    Similarity Rank: 315
    KELLEY MORTGAGE, LLC
    Similarity Rank: 420
    First Community Bank
    Similarity Rank: 429
    US COMMUNITY
    Similarity Rank: 490

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,153 $1,468,655,000 $285,010 $5,229 4.87%
    FHA 1,280 $284,020,000 $221,891 $8,473 4.84%
    USDA 441 $83,695,000 $189,785 $6,015 4.61%
    VA 421 $145,865,000 $346,473 $7,157 4.73%

    For 2022, Mortgage Investors Group's most frequently originated type of loan was Conventional, with 5,153 originations. Their 2nd most popular type was FHA, with 1,280 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 6,145 $1,696,655,000 $276,103 $6,114 4.92%
    Refi 519 $139,495,000 $268,776 $4,807 4.34%
    Cash Out Refi 359 $84,505,000 $235,390 $5,536 4.51%
    Home Improvement 198 $46,160,000 $233,131 $5,169 4.46%
    Other 74 $15,420,000 $208,378 $5,121 5.14%

    For 2022, Mortgage Investors Group's most frequently cited loan purpose was Home Purchase, with 6,145 originations. The 2nd most popular reason was Refi, with 519 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 6,761 $1,859,725,000 $275,067 $6,058 4.90%
    15 Year 348 $78,600,000 $225,862 $4,537 3.87%
    20 Year 119 $26,565,000 $223,235 $4,591 4.51%
    30+ year 36 $10,980,000 $305,000 $6,777 5.05%
    10 Year 19 $3,385,000 $178,158 $3,687 3.84%
    Other 12 $2,980,000 $248,333 $4,922 4.08%

    For 2022, Mortgage Investors Group's most frequently cited loan duration was 30 Year, with 6,761 originations. The 2nd most popular length was 15 Year, with 348 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3,529 $908,765,000 $257,513
    $2k-3k 1,272 $307,690,000 $241,895
    $3k-4k 846 $218,710,000 $258,522
    $5k+ 754 $278,050,000 $368,767
    $4k-5k 500 $146,320,000 $292,640
    $<1k 393 $122,485,000 $311,667

    Mortgage Investors Group's average total fees were $6,058, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,529 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 2,347 $631,635,000 $269,124
    3-4% 1,855 $516,475,000 $278,423
    4-5% 1,680 $480,110,000 $285,780
    6-7% 885 $225,425,000 $254,718
    2.5-3% 344 $82,860,000 $240,872
    7-8% 140 $34,310,000 $245,071
    <2.5% 44 $11,420,000 $259,545

    During 2022, Mortgage Investors Group's average interest rate for loans was 4.90%, while their most frequently originated rate bucket for loans was 5-6%, with 2,347 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,735 $1,047,335,000 $280,411 $6,228 4.85%
    $100k-200k 2,120 $332,580,000 $156,877 $5,029 4.85%
    $400k-600k 850 $403,310,000 $474,482 $7,083 4.75%
    $100,000 or less 345 $26,975,000 $78,188 $3,932 5.03%
    $600k-1MM 233 $157,475,000 $675,858 $8,702 4.76%
    $1MM+ 12 $14,560,000 $1,213,333 $10,972 4.28%

    2022 saw Mortgage Investors Group place emphasis on $200k-400k loans with 3,735 originations, totaling $1,047,335,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,968 $431,910,000 $219,466 $5,870 4.86%
    $100k-150k 1,415 $461,045,000 $325,827 $6,150 4.87%
    $75k-100k 1,377 $369,835,000 $268,580 $6,077 4.87%
    $50k or less 1,297 $206,105,000 $158,909 $5,247 4.71%
    $150k-250k 887 $349,605,000 $394,143 $6,327 4.92%
    $250k+ 321 $154,625,000 $481,698 $7,009 4.87%

    Mortgage Investors Group lent most frequently to those with incomes in the $50k-75k range, with 1,968 originations. The second most popular income band? $100k-150k, with 1,415 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,400 $378,150,000 $270,107 $5,363 4.70%
    30-36% 1,400 $381,880,000 $272,771 $5,679 4.84%
    <20% 449 $110,355,000 $245,780 $4,677 4.58%
    44% 391 $104,995,000 $268,529 $6,210 4.93%
    40% 320 $86,130,000 $269,156 $6,050 4.76%
    43% 315 $84,855,000 $269,381 $6,476 4.81%
    50-60% 301 $85,295,000 $283,372 $9,418 5.02%
    42% 297 $78,975,000 $265,909 $6,014 4.80%
    41% 295 $83,955,000 $284,593 $6,206 5.01%
    37% 294 $80,620,000 $274,218 $5,708 4.88%
    38% 269 $76,885,000 $285,818 $5,812 4.95%
    39% 261 $70,315,000 $269,406 $6,168 4.86%
    36% 259 $69,415,000 $268,012 $5,867 4.89%
    49% 242 $72,200,000 $298,347 $6,536 5.14%
    45% 207 $57,825,000 $279,348 $6,370 4.96%
    47% 206 $55,670,000 $270,243 $6,630 5.07%
    48% 190 $53,620,000 $282,211 $6,245 4.87%
    46% 180 $46,040,000 $255,778 $6,176 5.04%
    >60% 11 $3,125,000 $284,091 $5,024 5.55%

    Mortgage Investors Group lent most frequently to those with DTI ratios of 20-30%, with 1,400 originations. The next most common DTI ratio? 30-36%, with 1,400 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,924 $1,595,930,000 $269,401 $5,868 4.88%
    Not provided 838 $237,380,000 $283,270 $6,080 4.62%
    Black 310 $78,310,000 $252,613 $6,882 4.88%
    Asian 127 $42,605,000 $335,472 $6,696 4.87%
    American Indian 64 $19,050,000 $297,656 $6,698 4.29%
    Asian Indian 9 $3,555,000 $395,000 $7,688 4.94%
    Native Hawaiian or Islander 12 $2,700,000 $225,000 $4,877 4.86%
    Filipino 4 $860,000 $215,000 $4,423 5.88%
    Not applicable 2 $500,000 $250,000 $4,509 5.56%
    Korean 1 $455,000 $455,000 $5,421 4.88%
    Other Asian 2 $360,000 $180,000 $4,713 6.06%
    Japanese 1 $285,000 $285,000 $13,106 4.50%
    Chinese 1 $245,000 $245,000 $5,158 6.25%

    Approval Rates

    Total approvals of all applications
    94.05%

    Mortgage Investors Group has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.31%

    Mortgage Investors Group 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 7,295 $1,982,235,000 $271,725

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    7,295 $1,982,235,000 $271,725

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 242 $37,390,000 $154,504 $3,947 4.78%
    40-60% 696 $168,770,000 $242,486 $4,630 4.68%
    60-80% 2,006 $570,720,000 $284,506 $5,534 4.83%
    80-100% 4,227 $1,167,835,000 $276,280 $6,324 4.89%
    Over 100% 107 $35,785,000 $334,439 $12,954 4.58%
    Under 20% 17 $1,735,000 $102,059 $3,472 5.10%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Mortgage Research Center, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Mortgage Research Center, LLC VA mortgage Trouble during payment process 1 50.0%