Security Bank Of Kansas City Mortgage Rates, Fees & Info
Kansas City, KSLEI: 54930058NMHTLEZ3C025
Tax ID: 48-0409930
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Mortgage Data
Review & Overview
Security Bank Of Kansas City is a smaller bank specializing in Home Purchase loans. Security Bank Of Kansas City has a high proportion of conventional loans. Their top two markets are Kansas City and Detroit .Security Bank Of Kansas City 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
54Origination Dollar Volume (All Markets)
$35,300,000Top 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 |
|---|---|---|---|---|---|
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 51 | $34,155,000 | $669,706 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $1,020,000 | $510,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 53 | $34,855,000 | $657,642 | $0 | 0.00% |
| VA | 1 | $445,000 | $445,000 | $0 | 0.00% |
For 2024, Security Bank Of Kansas City's most frequently originated type of loan was Conventional, with 53 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2024, Security Bank Of Kansas City's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Other, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 54 | $35,300,000 | $653,704 | $0 | 0.00% |
For 2024, Security Bank Of Kansas City's most frequently cited loan duration was Other, with 54 originations.
Loan Sizing
2024 saw Security Bank Of Kansas City place emphasis on $100k-200k loans with 17 originations, totaling $2,575,000 in origination value.
Applicant Income
Security Bank Of Kansas City lent most frequently to those with incomes in the $75k-100k range, with 13 originations. The second most popular income band? $100k-150k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 54 | $35,300,000 | $653,704 | $0 | 0.00% |
Security Bank Of Kansas City lent most frequently to those with DTI ratios of Exempt%, with 54 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.44%
Security Bank Of Kansas City has a below average approval rate.
Pick Rate
Approvals leading to origination37.04%
Security Bank Of Kansas City 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 |
|---|---|---|---|
| Exempt | 54 | $35,300,000 | $653,704 |