Security Home Mortgage . Rates, Fees & Info
Orem, UTLEI: 5493008I5A5R6730MQ84
Tax ID: 87-0644866
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Security Home Mortgage . is a smaller mortgage company specializing in Refi and Home Purchase 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. Their top markets include Provo, Salt Lake City, Ogden, Heber, and St. George among others. Security Home Mortgage . has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Security Home Mortgage . is typically an average fee lendor.Originations
1,937Origination Dollar Volume (All Markets)
$629,195,000Awards
SECURITY HOME MORTGAGE . - 2021
SECURITY HOME MORTGAGE . is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Security Home Mortgage .'s average 30 year fixed rate mortgage of loans were
2.98%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.17%.
Relative Fees
Security Home Mortgage .'s average total fees for a 30 year fixed rate
mortgage are $5,902.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PROVO-OREM, UT (FHA|USDA|VA) | 1,139 | $370,075,000 | $324,912 | $5,383 | 2.94% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 432 | $146,170,000 | $338,356 | $6,286 | 2.94% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 224 | $70,440,000 | $314,464 | $6,077 | 2.87% |
| Heber, UT (FHA|USDA|VA) | 22 | $9,700,000 | $440,909 | $6,117 | 2.95% |
| ST. GEORGE, UT (FHA|USDA|VA) | 29 | $8,655,000 | $298,448 | $4,631 | 2.88% |
| Outside of Metro Areas | 34 | $7,540,000 | $221,765 | $5,551 | 2.92% |
| LOGAN, UT-ID (FHA|USDA|VA) | 18 | $5,020,000 | $278,889 | $5,327 | 2.82% |
| Cedar City, UT (FHA|USDA|VA) | 6 | $1,760,000 | $293,333 | $6,320 | 3.25% |
| Vernal, UT (FHA|USDA|VA) | 7 | $1,675,000 | $239,286 | $5,346 | 3.14% |
| Price, UT (FHA|USDA|VA) | 7 | $1,255,000 | $179,286 | $6,137 | 2.93% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $6,772 | 3.19% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $7,407 | 4.13% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $4,078 | 2.99% |
| POCATELLO, ID (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $4,469 | 3.50% |
| Rexburg, ID (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,627 | 2.25% |
| Newport, OR (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $6,051 | 2.75% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $4,603 | 3.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,263 | 3.63% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,883 | 2.50% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 2.25% |
| Blackfoot, ID (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,155 | 2.50% |
| Burley, ID (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,229 | 2.75% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,398 | 3.50% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,222 | 2.50% |
| La Grande, OR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,057 | 3.75% |
Security Home Mortgage .'s top markets include Provo, Salt Lake City, Ogden, Heber, and St. George among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,632 | $520,840,000 | $319,142 | $4,818 | 2.96% |
| FHA | 173 | $58,085,000 | $335,751 | $11,632 | 2.90% |
| VA | 98 | $40,270,000 | $410,918 | $8,068 | 2.54% |
| USDA | 34 | $10,000,000 | $294,118 | $7,917 | 2.53% |
For the 2021 period, Security Home Mortgage .'s most frequently originated loan type of loans were Conventional, with 1,632 originations. Their 2nd most popular type is FHA, with 173 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 1,177 | $346,955,000 | $294,779 | $4,835 | 2.91% |
| Home Purchase | 748 | $278,180,000 | $371,898 | $7,001 | 2.96% |
| Cash Out Refi | 9 | $3,085,000 | $342,778 | $4,679 | 3.07% |
| Home Improvement | 3 | $975,000 | $325,000 | $4,837 | 3.33% |
For the 2021, Security Home Mortgage .'s most frequently cited loan purpose of loans were Refi, with 1,177 originations. The 2nd most popular reason of loans were Home Purchase, with 748 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,718 | $577,330,000 | $336,048 | $5,902 | 2.98% |
| 15 Year | 131 | $30,625,000 | $233,779 | $3,881 | 2.47% |
| 20 Year | 67 | $17,155,000 | $256,045 | $3,881 | 2.75% |
| Other | 12 | $3,000,000 | $250,000 | $3,448 | 2.61% |
| 10 Year | 9 | $1,085,000 | $120,556 | $3,406 | 2.32% |
For the 2021, Security Home Mortgage .'s most frequently cited loan length of loans were 30 Year, with 1,718 originations. The 2nd most popular length of loans were 15 Year, with 131 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 835 | $268,845,000 | $321,970 |
| $3k-4k | 440 | $132,730,000 | $301,659 |
| $2k-3k | 289 | $83,375,000 | $288,495 |
| $5k+ | 279 | $114,775,000 | $411,380 |
| $<1k | 27 | $11,055,000 | $409,444 |
$5,902 of loans were Security Home Mortgage .'s average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 835 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 997 | $321,765,000 | $322,733 |
| 3-4% | 615 | $209,385,000 | $340,463 |
| <2.5% | 312 | $93,250,000 | $298,878 |
| 4-5% | 13 | $4,795,000 | $368,846 |
During 2021, Security Home Mortgage .'s average interest rate of loans were 2.98%, while their most frequently originated rate bucket of loans were 2.5-3%, with 997 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 1,183 | $352,275,000 | $297,781 | $5,585 | 2.94% |
| $400k-600k | 426 | $201,050,000 | $471,948 | $6,783 | 2.94% |
| $100k-200k | 264 | $42,880,000 | $162,424 | $3,821 | 2.85% |
| $600k-1MM | 39 | $28,005,000 | $718,077 | $8,988 | 3.13% |
| $100,000 or less | 22 | $1,760,000 | $80,000 | $3,218 | 2.78% |
| $1MM+ | 3 | $3,225,000 | $1,075,000 | $9,153 | 3.29% |
2021 saw Security Home Mortgage . place emphasis on $200k-400k loans with 1,183 originations, totaling $352,275,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 571 | $164,585,000 | $288,240 | $6,008 | 2.91% |
| $100k-150k | 424 | $152,390,000 | $359,410 | $5,643 | 2.95% |
| $75k-100k | 405 | $139,235,000 | $343,790 | $5,850 | 2.95% |
| $50k or less | 285 | $67,565,000 | $237,070 | $5,132 | 2.85% |
| $150k-250k | 201 | $80,985,000 | $402,910 | $5,168 | 2.99% |
| $250k+ | 50 | $23,940,000 | $478,800 | $5,522 | 2.96% |
Security Home Mortgage . lent most frequently to those with incomes in the $50k-75k range, with 571 originations. The second most popular income band? $100k-150k, with 424 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30-36% | 364 | $123,120,000 | $338,242 | $5,309 | 2.94% |
| 20-30% | 363 | $112,405,000 | $309,656 | $4,601 | 2.89% |
| <20% | 135 | $38,725,000 | $286,852 | $4,412 | 2.82% |
| 44% | 117 | $39,695,000 | $339,274 | $6,178 | 3.02% |
| 43% | 88 | $28,930,000 | $328,750 | $6,234 | 3.01% |
| 37% | 84 | $27,770,000 | $330,595 | $5,546 | 2.90% |
| 39% | 80 | $23,970,000 | $299,625 | $5,292 | 2.97% |
| 41% | 79 | $25,775,000 | $326,266 | $6,220 | 2.98% |
| 42% | 76 | $24,500,000 | $322,368 | $4,694 | 2.99% |
| 38% | 72 | $24,340,000 | $338,056 | $5,054 | 2.96% |
| 36% | 64 | $19,660,000 | $307,188 | $5,429 | 2.87% |
| 50-60% | 64 | $23,310,000 | $364,219 | $12,196 | 2.81% |
| 46% | 64 | $22,740,000 | $355,313 | $7,292 | 2.95% |
| 40% | 64 | $20,400,000 | $318,750 | $5,408 | 2.97% |
| 49% | 49 | $16,535,000 | $337,449 | $6,523 | 3.03% |
| 48% | 48 | $16,780,000 | $349,583 | $8,412 | 3.07% |
| 45% | 45 | $14,425,000 | $320,556 | $5,907 | 3.02% |
| 47% | 31 | $9,925,000 | $320,161 | $5,849 | 3.01% |
| >60% | 2 | $440,000 | $220,000 | $6,646 | 2.94% |
Security Home Mortgage . lent most frequently to those with DTI ratios of 30-36%, with 364 originations. The next most common DTI ratio? 20-30%, with 363 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,863 | $605,285,000 | $324,898 | $5,664 | 2.93% |
| Asian | 43 | $13,355,000 | $310,581 | $5,313 | 2.90% |
| Black | 10 | $3,430,000 | $343,000 | $6,479 | 3.01% |
| Native Hawaiian | 8 | $2,920,000 | $365,000 | $8,329 | 3.00% |
| American Indian | 8 | $2,560,000 | $320,000 | $5,296 | 2.91% |
| Not provided | 5 | $1,645,000 | $329,000 | $5,401 | 2.95% |
Approval Rates
Total approvals of all applications97.90%
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 origination70.67%
Security Home Mortgage . has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,937 | $629,195,000 | $324,830 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,937 | $629,195,000 | $324,830 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 107 | $20,405,000 | $190,701 | $3,769 | 2.73% |
| 40-60% | 385 | $98,645,000 | $256,221 | $4,093 | 2.81% |
| 60-80% | 753 | $250,705,000 | $332,942 | $5,179 | 3.05% |
| 80-100% | 676 | $253,930,000 | $375,636 | $7,197 | 2.89% |
| Over 100% | 11 | $5,005,000 | $455,000 | $15,706 | 3.02% |
| Under 20% | 5 | $505,000 | $101,000 | $3,641 | 2.60% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Security National Financial Corp | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| Security National Financial Corp | Conventional home mortgage | Closing on a mortgage | 1 | 7.1% |
| Security National Financial Corp | Conventional home mortgage | Incorrect information on your report | 1 | 7.1% |
| Security National Financial Corp | Conventional home mortgage | Trouble during payment process | 5 | 35.7% |
| Security National Financial Corp | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| Security National Financial Corp | FHA mortgage | Trouble during payment process | 2 | 14.3% |
| Security National Financial Corp | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 14.3% |
| Security National Financial Corp | VA mortgage | Closing on a mortgage | 1 | 7.1% |
