Mortgage Investors Group Rates, Fees & Info
NASHVILLE, TNLEI: 549300VNBQD8FDHF7563
Tax ID: 83-0310268
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Mortgage Data
Review & Overview
Mortgage Investors Group is a mid-sized mortgage company specializing in Home Purchase and Refi 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, Sevierville, and Chattanooga among others. We have data for 168 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.69% | 11/21/24 |
| 30 Year Conventional Refi | 6.56% | 11/21/24 |
| 30 Year Cash-out Refi | 6.94% | 11/21/24 |
| 30 Year FHA Purchase | 7.33% | 11/21/24 |
| 30 Year FHA Refi | 7.00% | 11/21/24 |
| 30 Year VA Purchase | 6.26% | 11/21/24 |
| 30 Year VA Refi | 6.16% | 11/21/24 |
| 30 Year USDA Purchase | 6.69% | 11/21/24 |
| 30 Year USDA Refi | 5.74% | 11/21/24 |
| 15 Year Conventional Purchase | 6.14% | 11/21/24 |
| 15 Year Conventional Refi | 6.16% | 11/21/24 |
| 15 Year Cash-out Refi | 6.16% | 11/21/24 |
| 15 Year FHA Purchase | 5.68% | 11/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
15,860Origination Dollar Volume (All Markets)
$3,665,500,000Awards
MORTGAGE INVESTORS GROUP - 2020
MORTGAGE INVESTORS GROUP is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 5,804 | $1,347,480,000 | $232,164 | $4,349 | 3.18% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1,422 | $404,920,000 | $284,754 | $4,132 | 3.20% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1,015 | $250,665,000 | $246,961 | $4,247 | 3.17% |
| Sevierville, TN (FHA|USDA|VA) | 843 | $239,295,000 | $283,861 | $4,456 | 3.32% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 839 | $185,045,000 | $220,554 | $4,129 | 3.21% |
| Outside of Metro Areas | 863 | $155,845,000 | $180,585 | $4,296 | 3.27% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 374 | $106,090,000 | $283,663 | $3,873 | 3.07% |
| MORRISTOWN, TN (FHA|USDA|VA) | 425 | $80,435,000 | $189,259 | $4,693 | 3.25% |
| JACKSON, TN (FHA|USDA|VA) | 328 | $62,620,000 | $190,915 | $4,297 | 3.20% |
| Crossville, TN (FHA|USDA|VA) | 300 | $59,480,000 | $198,267 | $3,598 | 3.14% |
| Cookeville, TN (FHA|USDA|VA) | 266 | $51,950,000 | $195,301 | $3,891 | 3.24% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 209 | $41,245,000 | $197,344 | $4,699 | 3.36% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 154 | $37,000,000 | $240,260 | $3,692 | 3.12% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 168 | $29,310,000 | $174,464 | $4,800 | 3.32% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 92 | $25,790,000 | $280,326 | $3,982 | 3.13% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 113 | $23,185,000 | $205,177 | $2,427 | 3.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 79 | $21,655,000 | $274,114 | $3,245 | 3.14% |
| GADSDEN, AL (FHA|USDA|VA) | 104 | $21,230,000 | $204,135 | $3,829 | 3.19% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 94 | $19,740,000 | $210,000 | $4,125 | 3.19% |
| DOTHAN, AL (FHA|USDA|VA) | 94 | $18,740,000 | $199,362 | $4,101 | 3.11% |
| Paragould, AR (FHA|USDA|VA) | 110 | $18,220,000 | $165,636 | $3,845 | 3.27% |
| JACKSON, MS (FHA|USDA|VA) | 65 | $18,035,000 | $277,462 | $3,218 | 2.98% |
| DECATUR, AL (FHA|USDA|VA) | 73 | $16,645,000 | $228,014 | $5,380 | 3.10% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 60 | $16,040,000 | $267,333 | $3,582 | 3.18% |
| Douglas, GA (FHA|USDA|VA) | 97 | $15,245,000 | $157,165 | $3,488 | 3.35% |
| Athens, TN (FHA|USDA|VA) | 86 | $14,970,000 | $174,070 | $4,762 | 3.41% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 66 | $14,570,000 | $220,758 | $3,608 | 3.41% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 69 | $14,295,000 | $207,174 | $4,216 | 3.14% |
| CLEVELAND, TN (FHA|USDA|VA) | 66 | $13,340,000 | $202,121 | $4,743 | 3.22% |
| Greeneville, TN (FHA|USDA|VA) | 75 | $12,985,000 | $173,133 | $4,565 | 3.28% |
| Thomasville, GA (FHA|USDA|VA) | 59 | $12,965,000 | $219,746 | $4,345 | 2.99% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 48 | $12,000,000 | $250,000 | $3,433 | 3.10% |
| Meridian, MS (FHA|USDA|VA) | 69 | $11,725,000 | $169,928 | $4,215 | 3.10% |
| Cullman, AL (FHA|USDA|VA) | 49 | $10,705,000 | $218,469 | $4,757 | 3.28% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 48 | $9,940,000 | $207,083 | $4,989 | 3.39% |
| Newport, TN (FHA|USDA|VA) | 50 | $9,710,000 | $194,200 | $4,593 | 3.25% |
| Dublin, GA (FHA|USDA|VA) | 47 | $9,445,000 | $200,957 | $4,680 | 2.86% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 30 | $8,750,000 | $291,667 | $3,331 | 3.17% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 27 | $8,245,000 | $305,370 | $4,421 | 3.05% |
| Fort Payne, AL (FHA|USDA|VA) | 39 | $7,815,000 | $200,385 | $3,348 | 3.26% |
| Laurel, MS (FHA|USDA|VA) | 44 | $7,770,000 | $176,591 | $5,459 | 3.16% |
| JONESBORO, AR (FHA|USDA|VA) | 34 | $7,700,000 | $226,471 | $3,931 | 3.26% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 40 | $6,920,000 | $173,000 | $3,852 | 3.08% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 28 | $6,810,000 | $243,214 | $3,935 | 2.98% |
| GAINESVILLE, GA (FHA|USDA|VA) | 30 | $6,800,000 | $226,667 | $4,150 | 3.36% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 34 | $6,770,000 | $199,118 | $3,707 | 2.97% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 16 | $6,370,000 | $398,125 | $5,543 | 3.06% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 19 | $6,245,000 | $328,684 | $4,851 | 3.13% |
| ALBANY, GA (FHA|USDA|VA) | 35 | $6,105,000 | $174,429 | $4,455 | 3.28% |
| Batesville, AR (FHA|USDA|VA) | 43 | $5,985,000 | $139,186 | $5,073 | 3.47% |
| PANAMA CITY, FL (FHA|USDA|VA) | 21 | $5,795,000 | $275,952 | $5,160 | 3.05% |
| Dayton, TN (FHA|USDA|VA) | 29 | $5,465,000 | $188,448 | $5,091 | 3.33% |
| Albertville, AL (FHA|USDA|VA) | 26 | $5,460,000 | $210,000 | $4,322 | 3.33% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 15 | $5,325,000 | $355,000 | $4,617 | 3.12% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 26 | $5,310,000 | $204,231 | $3,887 | 3.43% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 18 | $4,780,000 | $265,556 | $3,864 | 3.06% |
| MOBILE, AL (FHA|USDA|VA) | 25 | $4,665,000 | $186,600 | $4,994 | 3.04% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 17 | $4,575,000 | $269,118 | $3,725 | 3.10% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 18 | $4,430,000 | $246,111 | $4,832 | 2.86% |
| SAVANNAH, GA (FHA|USDA|VA) | 17 | $4,385,000 | $257,941 | $3,524 | 3.05% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 14 | $4,290,000 | $306,429 | $2,860 | 3.07% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 11 | $4,135,000 | $375,909 | $5,194 | 3.03% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 16 | $4,060,000 | $253,750 | $2,673 | 3.05% |
| McMinnville, TN (FHA|USDA|VA) | 22 | $3,830,000 | $174,091 | $4,991 | 3.43% |
| Tupelo, MS (FHA|USDA|VA) | 28 | $3,720,000 | $132,857 | $3,500 | 3.72% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 12 | $3,320,000 | $276,667 | $3,352 | 3.08% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 11 | $2,985,000 | $271,364 | $4,093 | 3.10% |
| BRUNSWICK, GA (FHA|USDA|VA) | 9 | $2,755,000 | $306,111 | $5,682 | 2.88% |
| Jefferson, GA (FHA|USDA|VA) | 12 | $2,560,000 | $213,333 | $3,638 | 2.94% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 10 | $2,560,000 | $256,000 | $3,116 | 2.93% |
| LOUISVILLE, KY (FHA|USDA|VA) | 9 | $2,545,000 | $282,778 | $2,690 | 2.67% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 8 | $2,520,000 | $315,000 | $4,342 | 3.16% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 7 | $2,495,000 | $356,429 | $6,560 | 2.91% |
| Shelbyville, TN (FHA|USDA|VA) | 14 | $2,490,000 | $177,857 | $3,885 | 3.46% |
| Lewisburg, TN (FHA|USDA|VA) | 13 | $2,385,000 | $183,462 | $3,698 | 3.22% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 15 | $2,315,000 | $154,333 | $3,437 | 3.14% |
| COLUMBIA, SC (FHA|USDA|VA) | 8 | $2,220,000 | $277,500 | $4,362 | 2.84% |
| Lawrenceburg, TN (FHA|USDA|VA) | 13 | $2,215,000 | $170,385 | $4,260 | 3.32% |
| Brookhaven, MS (FHA|USDA|VA) | 9 | $2,005,000 | $222,778 | $2,846 | 3.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 4 | $1,940,000 | $485,000 | $4,474 | 3.06% |
| Frankfort, KY (FHA|USDA|VA) | 14 | $1,890,000 | $135,000 | $2,352 | 2.97% |
| MONTGOMERY, AL (FHA|USDA|VA) | 8 | $1,880,000 | $235,000 | $4,951 | 3.28% |
| ASHEVILLE, NC (FHA|USDA|VA) | 6 | $1,860,000 | $310,000 | $4,131 | 3.29% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 9 | $1,855,000 | $206,111 | $3,994 | 3.15% |
| Statesboro, GA (FHA|USDA|VA) | 10 | $1,800,000 | $180,000 | $3,516 | 3.11% |
| Scottsboro, AL (FHA|USDA|VA) | 9 | $1,785,000 | $198,333 | $4,190 | 3.24% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 7 | $1,625,000 | $232,143 | $3,510 | 2.95% |
| Cordele, GA (FHA|USDA|VA) | 5 | $1,625,000 | $325,000 | $5,385 | 2.90% |
| Dyersburg, TN (FHA|USDA|VA) | 10 | $1,600,000 | $160,000 | $5,205 | 3.13% |
| DALTON, GA (FHA|USDA|VA) | 8 | $1,520,000 | $190,000 | $4,327 | 3.25% |
| Brownsville, TN (FHA|USDA|VA) | 8 | $1,390,000 | $173,750 | $4,436 | 3.19% |
| HATTIESBURG, MS (FHA|USDA|VA) | 8 | $1,350,000 | $168,750 | $4,616 | 3.05% |
| Searcy, AR (FHA|USDA|VA) | 7 | $1,265,000 | $180,714 | $6,093 | 3.77% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 6 | $1,260,000 | $210,000 | $3,733 | 3.08% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $3,481 | 2.92% |
| Cullowhee, NC (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $3,482 | 3.04% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $6,054 | 3.22% |
| Oxford, MS (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $3,720 | 3.09% |
| Middlesborough, KY (FHA|USDA|VA) | 8 | $940,000 | $117,500 | $4,298 | 3.50% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $4,031 | 3.22% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $3,081 | 2.91% |
| Alexander City, AL (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $2,847 | 2.97% |
| Troy, AL (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $3,712 | 2.92% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $5,268 | 3.44% |
| Seneca, SC (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $3,157 | 3.50% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $6,306 | 3.31% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $2,796 | 2.63% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $3,603 | 3.25% |
| Malvern, AR (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $4,595 | 3.28% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $3,522 | 3.25% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $3,922 | 2.96% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $3,045 | 2.63% |
| Tifton, GA (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $3,906 | 3.71% |
| VALDOSTA, GA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $7,083 | 2.69% |
| Calhoun, GA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $2,938 | 2.94% |
| FLORENCE, SC (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $5,473 | 3.75% |
| Greenwood, MS (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $5,816 | 2.75% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,246 | 2.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $4,100 | 3.44% |
| Cornelia, GA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,948 | 3.06% |
| Milledgeville, GA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,336 | 3.13% |
| London, KY (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $3,805 | 3.08% |
| Moultrie, GA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $8,039 | 3.13% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $2,537 | 3.19% |
| OCALA, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,294 | 3.13% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,809 | 3.44% |
| Union City, TN (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,279 | 2.94% |
| Danville, KY (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $3,198 | 3.50% |
| Ozark, AL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $5,430 | 3.13% |
| Summerville, GA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,511 | 2.94% |
| Columbus, MS (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,150 | 2.56% |
| Natchez, MS-LA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,230 | 3.44% |
| Corinth, MS (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,391 | 3.69% |
| Paducah, KY-IL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,057 | 3.56% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $5,015 | 3.63% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,660 | 2.75% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,901 | 3.00% |
| Blytheville, AR (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,284 | 3.75% |
| Boone, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,665 | 3.00% |
| Fitzgerald, GA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,578 | 3.50% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,207 | 2.75% |
| Greenville, MS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,589 | 3.13% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,129 | 3.63% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,842 | 3.00% |
| Martin, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,079 | 3.25% |
| West Point, MS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,104 | 2.88% |
| Forest City, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,051 | 3.63% |
| Richmond-Berea, KY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,088 | 3.50% |
| Eufaula, AL-GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,290 | 2.88% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,218 | 4.00% |
| Starkville, MS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,535 | 3.00% |
| Jesup, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,693 | 3.13% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,579 | 2.63% |
| Shelby, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,951 | 2.75% |
| Paris, TN (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $2,918 | 3.38% |
| Glasgow, KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,314 | 2.88% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,667 | 3.38% |
| Murray, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,419 | 2.50% |
| Mount Sterling, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,364 | 3.50% |
| Vidalia, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,839 | 3.25% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,242 | 3.00% |
| Russellville, AR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,478 | 3.75% |
| Jasper, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,541 | 4.25% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,183 | 3.25% |
| Harrison, AR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,731 | 3.88% |
| Laurinburg, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,585 | 3.63% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,020 | 2.38% |
| Cleveland, MS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,230 | 3.75% |
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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.
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Product Mix
For 2020, Mortgage Investors Group's most frequently originated type of loan was Conventional, with 12,007 originations. Their 2nd most popular type was FHA, with 2,100 originations.
Loan Reason
For 2020, Mortgage Investors Group's most frequently cited loan purpose was Home Purchase, with 9,608 originations. The 2nd most popular reason was Refi, with 4,845 originations.
Loan Duration/Length
For 2020, Mortgage Investors Group's most frequently cited loan duration was 30 Year, with 12,883 originations. The 2nd most popular length was 15 Year, with 1,743 originations.
Origination Fees/Closing Costs
Mortgage Investors Group's average total fees were $4,449, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 10,675 originations.
Interest Rates
During 2020, Mortgage Investors Group's average interest rate for loans was 3.27%, while their most frequently originated rate bucket for loans was 3-4%, with 8,533 originations.
Loan Sizing
2020 saw Mortgage Investors Group place emphasis on $200k-400k loans with 7,273 originations, totaling $1,995,705,000 in origination value.
Applicant Income
Mortgage Investors Group lent most frequently to those with incomes in the $50k-75k range, with 3,929 originations. The second most popular income band? $50k or less, with 3,319 originations.
Applicant Debt to Income Ratio
Mortgage Investors Group lent most frequently to those with DTI ratios of 20-30%, with 4,103 originations. The next most common DTI ratio? 30-36%, with 2,955 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.06%
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 origination70.19%
Mortgage Investors Group has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 15,860 | $3,665,500,000 | $231,116 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 208 | $25,850,000 | $124,279 |
| Single Family (1-4 Units):Site-Built | 15,652 | $3,639,650,000 | $232,536 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| 360 MORTGAGE GROUP LLC | FHA mortgage | Closing on a mortgage | 1 | 100.0% |