Mortgage Investors Group Rates, Fees & Info
NASHVILLE, TNLEI: 549300VNBQD8FDHF7563
Tax ID: 83-0310268
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
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. Their top markets by origination volume include: Knoxville, Nashville, Memphis, Chattanooga, and Sevierville among others. We have data for 106 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 | 6.69% | 11/17/24 |
| 30 Year Conventional Refi | 6.56% | 11/17/24 |
| 30 Year Cash-out Refi | 6.94% | 11/17/24 |
| 30 Year FHA Purchase | 7.33% | 11/17/24 |
| 30 Year FHA Refi | 7.00% | 11/17/24 |
| 30 Year VA Purchase | 6.26% | 11/17/24 |
| 30 Year VA Refi | 6.16% | 11/17/24 |
| 30 Year USDA Purchase | 6.69% | 11/17/24 |
| 30 Year USDA Refi | 5.74% | 11/17/24 |
| 15 Year Conventional Purchase | 6.14% | 11/17/24 |
| 15 Year Conventional Refi | 6.16% | 11/17/24 |
| 15 Year Cash-out Refi | 6.16% | 11/17/24 |
| 15 Year FHA Purchase | 5.68% | 11/17/24 |
| 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
8,952Origination Dollar Volume (All Markets)
$1,726,650,000Awards
MORTGAGE INVESTORS GROUP - 2018
MORTGAGE INVESTORS GROUP is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
Work for MORTGAGE INVESTORS GROUP?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 3,610 | $700,360,000 | $194,006 | $4,722 | 4.63% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 911 | $258,235,000 | $283,463 | $4,159 | 4.61% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 556 | $118,540,000 | $213,201 | $5,032 | 4.61% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 480 | $89,260,000 | $185,958 | $4,233 | 4.67% |
| Sevierville, TN (FHA|USDA|VA) | 402 | $86,250,000 | $214,552 | $4,312 | 4.77% |
| Outside of Metro Areas | 385 | $55,875,000 | $145,130 | $4,187 | 4.67% |
| MORRISTOWN, TN (FHA|USDA|VA) | 292 | $43,670,000 | $149,555 | $4,758 | 4.63% |
| JACKSON, TN (FHA|USDA|VA) | 234 | $36,830,000 | $157,393 | $4,602 | 4.56% |
| Crossville, TN (FHA|USDA|VA) | 179 | $28,355,000 | $158,408 | $3,741 | 4.73% |
| Cookeville, TN (FHA|USDA|VA) | 162 | $27,270,000 | $168,333 | $4,045 | 4.71% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 169 | $25,745,000 | $152,337 | $4,639 | 4.70% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 104 | $21,470,000 | $206,442 | $4,031 | 4.52% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 146 | $20,490,000 | $140,342 | $4,592 | 4.77% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 76 | $12,570,000 | $165,395 | $4,615 | 4.70% |
| GADSDEN, AL (FHA|USDA|VA) | 65 | $12,565,000 | $193,308 | $4,183 | 4.63% |
| DOTHAN, AL (FHA|USDA|VA) | 64 | $11,340,000 | $177,188 | $3,996 | 4.54% |
| Douglas, GA (FHA|USDA|VA) | 82 | $11,280,000 | $137,561 | $3,334 | 4.81% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 59 | $10,945,000 | $185,508 | $3,981 | 4.41% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 56 | $10,230,000 | $182,679 | $4,082 | 4.46% |
| Paragould, AR (FHA|USDA|VA) | 69 | $9,055,000 | $131,232 | $4,048 | 4.63% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 55 | $7,245,000 | $131,727 | $3,956 | 4.54% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 35 | $6,905,000 | $197,286 | $3,876 | 4.50% |
| Batesville, AR (FHA|USDA|VA) | 64 | $6,870,000 | $107,344 | $4,260 | 4.74% |
| Greeneville, TN (FHA|USDA|VA) | 55 | $6,485,000 | $117,909 | $5,024 | 4.73% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 27 | $6,445,000 | $238,704 | $6,065 | 4.56% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 37 | $6,345,000 | $171,486 | $5,073 | 4.59% |
| DECATUR, AL (FHA|USDA|VA) | 30 | $5,910,000 | $197,000 | $5,440 | 4.50% |
| JONESBORO, AR (FHA|USDA|VA) | 29 | $5,165,000 | $178,103 | $4,819 | 4.54% |
| Newport, TN (FHA|USDA|VA) | 38 | $5,060,000 | $133,158 | $4,727 | 4.71% |
| Fort Payne, AL (FHA|USDA|VA) | 31 | $5,005,000 | $161,452 | $3,263 | 4.60% |
| CLEVELAND, TN (FHA|USDA|VA) | 29 | $5,005,000 | $172,586 | $4,770 | 4.54% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 19 | $4,745,000 | $249,737 | $3,483 | 4.74% |
| Athens, TN (FHA|USDA|VA) | 32 | $4,410,000 | $137,813 | $4,875 | 4.77% |
| Cullman, AL (FHA|USDA|VA) | 22 | $4,050,000 | $184,091 | $5,967 | 4.52% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 19 | $3,265,000 | $171,842 | $4,365 | 4.58% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 14 | $3,060,000 | $218,571 | $4,423 | 4.68% |
| Albertville, AL (FHA|USDA|VA) | 18 | $2,960,000 | $164,444 | $4,524 | 4.49% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 15 | $2,715,000 | $181,000 | $3,775 | 4.57% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 12 | $2,610,000 | $217,500 | $5,206 | 4.67% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 10 | $2,340,000 | $234,000 | $4,052 | 4.36% |
| Russellville, AR (FHA|USDA|VA) | 18 | $2,300,000 | $127,778 | $2,963 | 4.28% |
| Dyersburg, TN (FHA|USDA|VA) | 15 | $2,185,000 | $145,667 | $4,252 | 4.70% |
| Lawrenceburg, TN (FHA|USDA|VA) | 15 | $1,955,000 | $130,333 | $4,055 | 4.63% |
| MOBILE, AL (FHA|USDA|VA) | 5 | $1,885,000 | $377,000 | $5,446 | 4.75% |
| Searcy, AR (FHA|USDA|VA) | 13 | $1,785,000 | $137,308 | $3,625 | 4.65% |
| Dayton, TN (FHA|USDA|VA) | 11 | $1,595,000 | $145,000 | $4,090 | 4.58% |
| Malvern, AR (FHA|USDA|VA) | 12 | $1,590,000 | $132,500 | $3,347 | 4.45% |
| McMinnville, TN (FHA|USDA|VA) | 14 | $1,530,000 | $109,286 | $3,412 | 4.66% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 10 | $1,400,000 | $140,000 | $2,915 | 4.45% |
| DALTON, GA (FHA|USDA|VA) | 9 | $1,395,000 | $155,000 | $6,169 | 4.47% |
| Tupelo, MS (FHA|USDA|VA) | 10 | $1,340,000 | $134,000 | $3,093 | 5.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 7 | $1,285,000 | $183,571 | $2,678 | 5.27% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 5 | $1,105,000 | $221,000 | $5,315 | 4.53% |
| Lewisburg, TN (FHA|USDA|VA) | 6 | $1,000,000 | $166,667 | $4,634 | 4.92% |
| Ozark, AL (FHA|USDA|VA) | 6 | $940,000 | $156,667 | $4,201 | 4.48% |
| Scottsboro, AL (FHA|USDA|VA) | 7 | $935,000 | $133,571 | $3,395 | 4.95% |
| Shelbyville, TN (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $5,102 | 4.75% |
| Alexander City, AL (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $3,047 | 4.56% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 5 | $735,000 | $147,000 | $4,583 | 4.78% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $4,636 | 5.00% |
| Brownsville, TN (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $5,091 | 4.41% |
| Corinth, MS (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $3,510 | 4.29% |
| Mountain Home, AR (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $7,687 | 4.79% |
| Tifton, GA (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $3,074 | 4.94% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,920 | 4.19% |
| Frankfort, KY (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $2,317 | 4.63% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,410 | 4.19% |
| Middlesborough, KY (FHA|USDA|VA) | 6 | $480,000 | $80,000 | $3,054 | 4.42% |
| Cordele, GA (FHA|USDA|VA) | 5 | $475,000 | $95,000 | $3,037 | 4.70% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $10,422 | 4.75% |
| Meridian, MS (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $5,227 | 4.88% |
| ALBANY, GA (FHA|USDA|VA) | 4 | $430,000 | $107,500 | $3,418 | 5.31% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,666 | 3.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,327 | 4.13% |
| Oxford, MS (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $2,881 | 4.94% |
| Fitzgerald, GA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,784 | 4.69% |
| ROME, GA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,216 | 4.56% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,854 | 4.75% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,289 | 4.88% |
| Moultrie, GA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,528 | 4.25% |
| Bainbridge, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,973 | 4.63% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,380 | 4.50% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,079 | 5.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,116 | 4.63% |
| PINE BLUFF, AR (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,597 | 4.56% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,867 | 4.88% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,297 | 4.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,458 | 4.38% |
| Glasgow, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,385 | 4.63% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,051 | 5.00% |
| Laurel, MS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,352 | 5.00% |
| Paris, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,890 | 4.38% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,770 | 5.50% |
| Martin, TN (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $5,018 | 4.56% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,623 | 4.63% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,556 | 3.88% |
| Americus, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,630 | 4.63% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,493 | 5.00% |
| Madisonville, KY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,326 | 5.00% |
| Somerset, KY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,118 | 4.88% |
| London, KY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,389 | 5.38% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,658 | 5.25% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,533 | 4.63% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,804 | 5.63% |
| Atmore, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,288 | 4.88% |
| Summerville, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,366 | 5.13% |
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.
Similarity Rank: 60
Similarity Rank: 95
Similarity Rank: 138
Similarity Rank: 154
Similarity Rank: 168
Similarity Rank: 273
Similarity Rank: 279
Similarity Rank: 360
Similarity Rank: 408
Similarity Rank: 412
Product Mix
For 2018, Mortgage Investors Group's most frequently originated type of loan was Conventional, with 4,893 originations. Their 2nd most popular type was FHA, with 2,432 originations.
Loan Reason
For 2018, Mortgage Investors Group's most frequently cited loan purpose was Home Purchase, with 7,967 originations. The 2nd most popular reason was Refi, with 472 originations.
Loan Duration/Length
For 2018, Mortgage Investors Group's most frequently cited loan duration was 30 Year, with 8,349 originations. The 2nd most popular length was 15 Year, with 414 originations.
Origination Fees/Closing Costs
Mortgage Investors Group's average total fees were $4,564, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,814 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 6,928 | $1,349,470,000 | $194,785 |
| 5-6% | 1,254 | $203,420,000 | $162,217 |
| 3-4% | 763 | $172,765,000 | $226,429 |
| 6-7% | 5 | $755,000 | $151,000 |
| 2.5-3% | 2 | $240,000 | $120,000 |
During 2018, Mortgage Investors Group's average interest rate for loans was 4.67%, while their most frequently originated rate bucket for loans was 4-5%, with 6,928 originations.
Loan Sizing
2018 saw Mortgage Investors Group place emphasis on $100k-200k loans with 4,316 originations, totaling $638,940,000 in origination value.
Applicant Income
Mortgage Investors Group lent most frequently to those with incomes in the $50k or less range, with 2,729 originations. The second most popular income band? $50k-75k, with 2,438 originations.
Applicant Debt to Income Ratio
Mortgage Investors Group lent most frequently to those with DTI ratios of 20-30%, with 1,863 originations. The next most common DTI ratio? 30-36%, with 1,586 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.95%
Mortgage Investors Group has an average approval rate.
Pick Rate
Approvals leading to origination79.04%
Mortgage Investors Group has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 8,952 | $1,726,650,000 | $192,879 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 225 | $23,185,000 | $103,044 |
| Single Family (1-4 Units):Site-Built | 8,727 | $1,703,465,000 | $195,195 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MORTGAGE INVESTORS GROUP | FHA mortgage | Closing on a mortgage | 1 | 100.0% |