Security Financial Bank Mortgage Rates, Fees & Info
Durand, WILEI: 5493002T397LUNQ31179
Tax ID: 39-0605225
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Security Financial Bank is a smaller bank specializing in Home Purchase and Refi loans. Security Financial Bank has a high proportion of conventional loans. Their top markets by origination volume include: Eau Claire, Minneapolis, Menomonie, Madison, and La Crosse among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Security Financial Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
128Origination Dollar Volume (All Markets)
$35,430,000Top 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 |
|---|---|---|---|---|---|
| EAU CLAIRE, WI (FHA|USDA|VA) | 53 | $16,755,000 | $316,132 | $0 | 0.00% |
| Outside of Metro Areas | 59 | $11,795,000 | $199,915 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 9 | $5,365,000 | $596,111 | $0 | 0.00% |
| Menomonie, WI (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Security Financial Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 108
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 128 | $35,430,000 | $276,797 | $0 | 0.00% |
For 2024, Security Financial Bank's most frequently originated type of loan was Conventional, with 128 originations.
Loan Reason
For 2024, Security Financial Bank's most frequently cited loan purpose was Home Purchase, with 73 originations. The 2nd most popular reason was Refi, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 128 | $35,430,000 | $276,797 | $0 | 0.00% |
For 2024, Security Financial Bank's most frequently cited loan duration was Other, with 128 originations.
Loan Sizing
2024 saw Security Financial Bank place emphasis on $100k-200k loans with 43 originations, totaling $6,255,000 in origination value.
Applicant Income
Security Financial Bank lent most frequently to those with incomes in the $50k-75k range, with 23 originations. The second most popular income band? $100k-150k, with 21 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 128 | $35,430,000 | $276,797 | $0 | 0.00% |
Security Financial Bank lent most frequently to those with DTI ratios of Exempt%, with 128 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.43%
Security Financial Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.38%
Security Financial Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 128 | $35,430,000 | $276,797 |