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 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, St. George, and Logan among others. We have data for 21 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 an average 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% | 12/16/24 |
| 30 Year Conventional Purchase | 6.67% | 12/16/24 |
| 30 Year Conventional Refi | 6.71% | 12/16/24 |
| 30 Year Cash-out Refi | 6.27% | 12/16/24 |
| 30 Year FHA Purchase | 7.42% | 12/16/24 |
| 30 Year FHA Refi | 6.97% | 12/16/24 |
| 30 Year VA Purchase | 6.20% | 12/16/24 |
| 30 Year VA Refi | 6.20% | 12/16/24 |
| 30 Year USDA Purchase | 6.55% | 12/16/24 |
| 30 Year USDA Refi | 6.63% | 12/16/24 |
| 15 Year Conventional Purchase | 6.16% | 12/16/24 |
| 15 Year Conventional Refi | 6.20% | 12/16/24 |
| 15 Year Cash-out Refi | 6.20% | 12/16/24 |
| 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. | ||
Security Home Mortgage Mortgage Calculator
Your Estimates
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This is not an official calculator from Security Home Mortgage. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,240Origination Dollar Volume (All Markets)
$336,670,000Awards
SECURITY HOME MORTGAGE - 2018
SECURITY HOME MORTGAGE is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 755 | $209,215,000 | $277,106 | $6,321 | 4.64% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 309 | $83,355,000 | $269,757 | $7,020 | 4.72% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 90 | $23,360,000 | $259,556 | $6,735 | 4.69% |
| ST. GEORGE, UT (FHA|USDA|VA) | 22 | $5,430,000 | $246,818 | $5,421 | 4.67% |
| Outside of Metro Areas | 28 | $5,390,000 | $192,500 | $6,009 | 4.73% |
| LOGAN, UT-ID (FHA|USDA|VA) | 10 | $2,730,000 | $273,000 | $4,313 | 5.01% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $9,318 | 4.85% |
| Heber, UT (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $5,857 | 4.53% |
| Cedar City, UT (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $5,739 | 4.56% |
| Newport, OR (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $4,233 | 5.06% |
| Vernal, UT (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $5,580 | 4.79% |
| Rexburg, ID (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,716 | 3.88% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,297 | 5.13% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,981 | 4.63% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,480 | 4.75% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,169 | 4.50% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,506 | 4.88% |
| Burley, ID (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,028 | 4.25% |
| SALEM, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,961 | 4.00% |
| Montrose, CO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,385 | 5.25% |
| Price, UT (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.25% |
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: 256
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Product Mix
For 2018, Security Home Mortgage's most frequently originated type of loan was Conventional, with 830 originations. Their 2nd most popular type was FHA, with 312 originations.
Loan Reason
For 2018, Security Home Mortgage's most frequently cited loan purpose was Home Purchase, with 1,001 originations. The 2nd most popular reason was Cash Out Refi, with 157 originations.
Loan Duration/Length
For 2018, Security Home Mortgage's most frequently cited loan duration was 30 Year, with 1,179 originations. The 2nd most popular length was 15 Year, with 39 originations.
Origination Fees/Closing Costs
Security Home Mortgage's average total fees were $6,589, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 342 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 870 | $241,900,000 | $278,046 |
| 5-6% | 231 | $58,845,000 | $254,740 |
| 3-4% | 131 | $34,315,000 | $261,947 |
| 6-7% | 4 | $810,000 | $202,500 |
| 7-8% | 4 | $800,000 | $200,000 |
During 2018, Security Home Mortgage's average interest rate for loans was 4.69%, while their most frequently originated rate bucket for loans was 4-5%, with 870 originations.
Loan Sizing
2018 saw Security Home Mortgage place emphasis on $200k-400k loans with 816 originations, totaling $227,370,000 in origination value.
Applicant Income
Security Home Mortgage lent most frequently to those with incomes in the $50k-75k range, with 433 originations. The second most popular income band? $75k-100k, with 234 originations.
Applicant Debt to Income Ratio
Security Home Mortgage lent most frequently to those with DTI ratios of 30-36%, with 190 originations. The next most common DTI ratio? 20-30%, with 147 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.97%
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 origination55.48%
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 | 1,240 | $336,670,000 | $271,508 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 6 | $1,170,000 | $195,000 |
| Single Family (1-4 Units):Site-Built | 1,234 | $335,500,000 | $271,880 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SecurityNational Mortgage Company | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |