Security Home Mortgage . Rates, Fees & Info
Orem, UTLEI: 5493008I5A5R6730MQ84
Tax ID: 87-0644866
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Mortgage Data
Review & Overview
Security Home Mortgage . is a smaller mortgage company specializing in Home Purchase and Refi loans. Security Home Mortgage . has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Provo, Salt Lake City, Ogden, Heber, and St. George among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)Security Home Mortgage . 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. Security Home Mortgage . is typically a high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.15% | 3/27/23 |
| 30 Year Conventional Purchase | 6.67% | 3/27/23 |
| 30 Year Conventional Refi | 6.71% | 3/27/23 |
| 30 Year Cash-out Refi | 6.27% | 3/27/23 |
| 30 Year FHA Purchase | 7.42% | 3/27/23 |
| 30 Year FHA Refi | 6.97% | 3/27/23 |
| 30 Year VA Purchase | 6.20% | 3/27/23 |
| 30 Year VA Refi | 6.20% | 3/27/23 |
| 30 Year USDA Purchase | 6.55% | 3/27/23 |
| 30 Year USDA Refi | 6.63% | 3/27/23 |
| 15 Year Conventional Purchase | 6.16% | 3/27/23 |
| 15 Year Conventional Refi | 6.20% | 3/27/23 |
| 15 Year Cash-out Refi | 6.20% | 3/27/23 |
| 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. | ||
Originations
1,002Origination Dollar Volume (All Markets)
$402,860,000Awards
SECURITY HOME MORTGAGE . - 2022
SECURITY HOME MORTGAGE . is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Security Home Mortgage .'s average 30 year fixed mortgage rate was
4.83%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.07%.
Relative Fees (Closing Costs)
Security Home Mortgage .'s average total fees/closing costs for a 30 year fixed rate
mortgage were $8,615.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| PROVO-OREM, UT (FHA|USDA|VA) | 556 | $224,980,000 | $404,640 | $8,417 | 4.69% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 231 | $95,375,000 | $412,879 | $9,046 | 4.89% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 89 | $33,265,000 | $373,764 | $7,922 | 4.81% |
| Heber, UT (FHA|USDA|VA) | 16 | $11,850,000 | $740,625 | $10,182 | 4.54% |
| Outside of Metro Areas | 38 | $11,280,000 | $296,842 | $7,219 | 5.08% |
| ST. GEORGE, UT (FHA|USDA|VA) | 19 | $9,005,000 | $473,947 | $7,895 | 5.28% |
| LOGAN, UT-ID (FHA|USDA|VA) | 7 | $2,665,000 | $380,714 | $6,379 | 4.93% |
| Vernal, UT (FHA|USDA|VA) | 9 | $2,595,000 | $288,333 | $6,268 | 4.79% |
| Price, UT (FHA|USDA|VA) | 10 | $2,190,000 | $219,000 | $7,815 | 5.88% |
| POCATELLO, ID (FHA|USDA|VA) | 5 | $1,805,000 | $361,000 | $12,887 | 4.90% |
| Cedar City, UT (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $11,451 | 5.34% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $13,116 | 3.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $6,599 | 4.31% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $8,894 | 4.38% |
| Rexburg, ID (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $9,970 | 4.50% |
| Blackfoot, ID (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $14,462 | 4.38% |
| Sonora, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,432 | 4.38% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,668 | 4.50% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $13,330 | 4.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $9,415 | 5.13% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $10,137 | 5.38% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $9,854 | 3.38% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $8,640 | 3.88% |
| NAPA, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,431 | 4.99% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,872 | 6.88% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,658 | 5.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against SECURITY HOME MORTGAGE . based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 350
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Product Mix
For 2022, Security Home Mortgage .'s most frequently originated type of loan was Conventional, with 827 originations. Their 2nd most popular type was FHA, with 125 originations.
Loan Reason
For 2022, Security Home Mortgage .'s most frequently cited loan purpose was Home Purchase, with 728 originations. The 2nd most popular reason was Refi, with 272 originations.
Loan Duration/Length
For 2022, Security Home Mortgage .'s most frequently cited loan duration was 30 Year, with 967 originations. The 2nd most popular length was 15 Year, with 22 originations.
Origination Fees/Closing Costs
Security Home Mortgage .'s average total fees were $8,615, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 420 originations.
Interest Rates
During 2022, Security Home Mortgage .'s average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 3-4%, with 304 originations.
Loan Sizing
2022 saw Security Home Mortgage . place emphasis on $200k-400k loans with 447 originations, totaling $141,255,000 in origination value.
Applicant Income
Security Home Mortgage . lent most frequently to those with incomes in the $75k-100k range, with 263 originations. The second most popular income band? $100k-150k, with 262 originations.
Applicant Debt to Income Ratio
Security Home Mortgage . lent most frequently to those with DTI ratios of 30-36%, with 147 originations. The next most common DTI ratio? 20-30%, with 108 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.97%
Security Home Mortgage . has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination47.90%
Security Home Mortgage . 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 |
|---|---|---|---|
| NA | 1,002 | $402,860,000 | $402,056 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Security National Financial Corp | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 100.0% |