Security Bank Mortgage Rates, Fees & Info

Tulsa, OK

LEI: 5493007KC6RR4UC6S050

Tax ID: 73-0394735

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Security Bank is a smaller bank specializing in Home Purchase and Refi loans. Security Bank has a high proportion of conventional loans. Their top markets by origination volume include: Tulsa, Crestview, and Muskogee among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Security Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    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.

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    Originations

    72

    Origination Dollar Volume (All Markets)

    $28,680,000

    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
    TULSA, OK (FHA|USDA|VA) 65 $25,865,000 $397,923 $0 0.00%
    Outside of Metro Areas 4 $2,370,000 $592,500 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
    Muskogee, OK (FHA|USDA|VA) 2 $130,000 $65,000 $0 0.00%
    Security Bank's top markets include Tulsa, Crestview, and Muskogee among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 72 $28,680,000 $398,333 $0 0.00%

    For 2024, Security Bank's most frequently originated type of loan was Conventional, with 72 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 37 $14,005,000 $378,514 $0 0.00%
    Home Improvement 19 $1,585,000 $83,421 $0 0.00%
    Refi 16 $13,090,000 $818,125 $0 0.00%

    For 2024, Security Bank's most frequently cited loan purpose was Home Purchase, with 37 originations. The 2nd most popular reason was Home Improvement, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 72 $28,680,000 $398,333 $0 0.00%

    For 2024, Security Bank's most frequently cited loan duration was Other, with 72 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 21 $1,235,000 $58,810 $0 0.00%
    $100k-200k 18 $2,690,000 $149,444 $0 0.00%
    $200k-400k 16 $4,680,000 $292,500 $0 0.00%
    $1MM+ 7 $13,765,000 $1,966,429 $0 0.00%
    $400k-600k 5 $2,775,000 $555,000 $0 0.00%
    $600k-1MM 5 $3,535,000 $707,000 $0 0.00%

    2024 saw Security Bank place emphasis on $100,000 or less loans with 21 originations, totaling $1,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 11 $4,085,000 $371,364 $0 0.00%
    $150k-250k 5 $2,245,000 $449,000 $0 0.00%
    $50k-75k 5 $845,000 $169,000 $0 0.00%
    $50k or less 3 $275,000 $91,667 $0 0.00%
    $75k-100k 3 $355,000 $118,333 $0 0.00%
    $100k-150k 2 $550,000 $275,000 $0 0.00%

    Security Bank lent most frequently to those with incomes in the $250k+ range, with 11 originations. The second most popular income band? $150k-250k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 72 $28,680,000 $398,333 $0 0.00%

    Security Bank lent most frequently to those with DTI ratios of Exempt%, with 72 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 42 $20,220,000 $481,429 $0 0.00%
    White 21 $6,945,000 $330,714 $0 0.00%
    American Indian 3 $1,035,000 $345,000 $0 0.00%
    Black 6 $480,000 $80,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.24%

    Security Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    90.28%

    Security Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 72 $28,680,000 $398,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    72 $28,680,000 $398,333