Mortgage Investors Group Rates, Fees & Info

NASHVILLE, TN

LEI: 549300VNBQD8FDHF7563

Tax ID: 83-0310268

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

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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% 3/24/24
30 Year Conventional Refi 6.56% 3/24/24
30 Year Cash-out Refi 6.94% 3/24/24
30 Year FHA Purchase 7.33% 3/24/24
30 Year FHA Refi 7.00% 3/24/24
30 Year VA Purchase 6.26% 3/24/24
30 Year VA Refi 6.16% 3/24/24
30 Year USDA Purchase 6.69% 3/24/24
30 Year USDA Refi 5.74% 3/24/24
15 Year Conventional Purchase 6.14% 3/24/24
15 Year Conventional Refi 6.16% 3/24/24
15 Year Cash-out Refi 6.16% 3/24/24
15 Year FHA Purchase 5.68% 3/24/24
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

8,952

Origination Dollar Volume (All Markets)

$1,726,650,000
Show all (55) awards

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%
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)
  • Arkansas (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,893 $1,046,495,000 $213,876 $3,606 4.71%
    FHA 2,432 $385,740,000 $158,610 $6,249 4.58%
    USDA 818 $112,160,000 $137,115 $4,392 4.60%
    VA 809 $182,255,000 $225,284 $4,763 4.44%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 7,967 $1,525,735,000 $191,507 $4,556 4.64%
    Refi 472 $99,220,000 $210,212 $3,713 4.62%
    Cash Out Refi 336 $67,340,000 $200,417 $4,466 4.77%
    Home Improvement 177 $34,355,000 $194,096 $4,156 4.71%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 8,349 $1,614,015,000 $193,318 $4,564 4.67%
    15 Year 414 $79,210,000 $191,329 $3,626 4.13%
    20 Year 138 $23,430,000 $169,783 $3,389 4.61%
    10 Year 29 $4,695,000 $161,897 $3,170 4.17%
    30+ year 13 $3,735,000 $287,308 $6,128 5.31%
    Other 9 $1,565,000 $173,889 $4,233 4.68%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3,814 $726,440,000 $190,467
    $<1k 3,007 $603,645,000 $200,747
    $2k-3k 1,517 $251,345,000 $165,686
    $3k-4k 452 $95,300,000 $210,841
    $4k-5k 99 $28,785,000 $290,758
    $5k+ 63 $21,135,000 $335,476

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 4,316 $638,940,000 $148,040 $4,399 4.66%
    $200k-400k 3,013 $804,835,000 $267,121 $4,903 4.55%
    $100,000 or less 1,234 $96,800,000 $78,444 $3,674 4.84%
    $400k-600k 354 $158,310,000 $447,203 $5,131 4.53%
    $600k-1MM 27 $18,825,000 $697,222 $5,052 4.50%
    $1MM+ 8 $8,940,000 $1,117,500 $4,948 4.59%

    2018 saw Mortgage Investors Group place emphasis on $100k-200k loans with 4,316 originations, totaling $638,940,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 2,729 $338,755,000 $124,132 $4,417 4.68%
    $50k-75k 2,438 $431,030,000 $176,797 $4,638 4.64%
    $75k-100k 1,455 $314,365,000 $216,058 $4,590 4.64%
    $100k-150k 1,394 $356,430,000 $255,689 $4,529 4.60%
    $150k-250k 684 $204,940,000 $299,620 $4,304 4.60%
    $250k+ 222 $75,430,000 $339,775 $3,930 4.67%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,863 $351,155,000 $188,489 $4,200 4.62%
    30-36% 1,586 $305,180,000 $192,421 $4,339 4.63%
    <20% 575 $105,325,000 $183,174 $3,625 4.58%
    50-60% 472 $94,500,000 $200,212 $6,001 4.53%
    44% 400 $72,230,000 $180,575 $5,104 4.68%
    40% 388 $72,980,000 $188,093 $4,625 4.66%
    43% 387 $72,875,000 $188,307 $4,747 4.68%
    39% 385 $75,795,000 $196,870 $4,504 4.69%
    41% 363 $68,685,000 $189,215 $4,507 4.69%
    37% 352 $64,630,000 $183,608 $4,382 4.70%
    42% 335 $66,795,000 $199,388 $4,771 4.66%
    38% 335 $66,725,000 $199,179 $4,507 4.65%
    36% 315 $58,755,000 $186,524 $4,632 4.66%
    48% 251 $52,625,000 $209,661 $4,689 4.69%
    45% 239 $49,835,000 $208,515 $4,553 4.64%
    49% 234 $49,480,000 $211,453 $4,364 4.71%
    46% 219 $43,445,000 $198,379 $4,601 4.65%
    47% 199 $43,355,000 $217,864 $4,760 4.71%
    >60% 24 $6,810,000 $283,750 $5,490 4.47%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 7,592 $1,420,480,000 $187,102 $4,481 4.64%
    Not provided 876 $217,520,000 $248,311 $4,422 4.65%
    Black 332 $56,530,000 $170,271 $5,216 4.68%
    Asian 116 $25,750,000 $221,983 $4,328 4.52%
    American Indian 23 $4,055,000 $176,304 $4,092 4.51%
    Native Hawaiian or Islander 7 $1,215,000 $173,571 $5,982 4.73%
    Asian Indian 4 $630,000 $157,500 $2,899 5.09%
    Chinese 1 $295,000 $295,000 $3,492 4.63%
    Other Pacific Islander 1 $175,000 $175,000 $4,637 4.75%

    Approval Rates

    Total approvals of all applications
    93.95%

    Mortgage Investors Group has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.04%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 133 $15,425,000 $115,977 $3,025 4.58%
    40-60% 388 $65,100,000 $167,784 $3,267 4.58%
    60-80% 1,795 $376,895,000 $209,969 $3,598 4.71%
    80-100% 6,418 $1,221,210,000 $190,279 $4,753 4.63%
    Over 100% 203 $45,775,000 $225,493 $7,851 4.46%
    Under 20% 8 $600,000 $75,000 $2,988 4.77%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    MORTGAGE INVESTORS GROUP FHA mortgage Closing on a mortgage 1 100.0%