Security Home Mortgage Rates, Fees & Info

Orem, UT

LEI: 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.15% 3/24/24
30 Year Conventional Purchase 6.67% 3/24/24
30 Year Conventional Refi 6.71% 3/24/24
30 Year Cash-out Refi 6.27% 3/24/24
30 Year FHA Purchase 7.42% 3/24/24
30 Year FHA Refi 6.97% 3/24/24
30 Year VA Purchase 6.20% 3/24/24
30 Year VA Refi 6.20% 3/24/24
30 Year USDA Purchase 6.55% 3/24/24
30 Year USDA Refi 6.63% 3/24/24
15 Year Conventional Purchase 6.16% 3/24/24
15 Year Conventional Refi 6.20% 3/24/24
15 Year Cash-out Refi 6.20% 3/24/24
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

Estimated Loan Payment: Update the calculator values and click calculate payment!

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

1,240

Origination Dollar Volume (All Markets)

$336,670,000

Awards

SECURITY HOME MORTGAGE VA Loans gold SECURITY HOME MORTGAGE VA Loans gold SECURITY HOME MORTGAGE USDA Loans silver
Show all (3) awards

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%
Security Home Mortgage's top markets include Provo, Salt Lake City, Ogden, St. George, and Logan among others.

Their top states include:
  • Utah (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • 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.

    State Bank of Southern Utah
    Similarity Rank: 256
    Jordan Federal Credit Union
    Similarity Rank: 294
    ADVANTAGE PLUS
    Similarity Rank: 595
    SUN AMERICAN MORTGAGE COMPANY
    Similarity Rank: 1100
    Triumph Bank
    Similarity Rank: 1224
    Cache Valley Bank
    Similarity Rank: 1560
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 1740
    Deseret First Credit Union
    Similarity Rank: 1792
    UTAH COMMUNITY
    Similarity Rank: 1800
    GRANITE FEDERAL CREDIT UNION
    Similarity Rank: 1820

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 830 $230,260,000 $277,422 $5,155 4.73%
    FHA 312 $79,880,000 $256,026 $9,663 4.60%
    VA 52 $15,670,000 $301,346 $5,796 4.31%
    USDA 40 $9,990,000 $249,750 $7,406 4.32%
    HELOC 3 $285,000 $95,000 n/a 6.29%
    FHA 3 $585,000 $195,000 $0 4.73%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,001 $275,545,000 $275,270 $6,755 4.68%
    Cash Out Refi 157 $38,465,000 $245,000 $5,213 4.71%
    Refi 82 $22,660,000 $276,341 $5,131 4.47%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,179 $322,945,000 $273,914 $6,589 4.69%
    15 Year 39 $8,805,000 $225,769 $4,052 4.11%
    20 Year 14 $3,540,000 $252,857 $4,038 4.75%
    Other 5 $815,000 $163,000 $4,411 4.44%
    10 Year 3 $565,000 $188,333 $3,314 3.79%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 342 $94,110,000 $275,175
    $3k-4k 242 $62,830,000 $259,628
    $4k-5k 205 $56,605,000 $276,122
    $2k-3k 193 $45,755,000 $237,073
    $5k+ 148 $51,260,000 $346,351
    $<1k 54 $15,220,000 $281,852

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 816 $227,370,000 $278,640 $7,016 4.65%
    $100k-200k 271 $45,025,000 $166,144 $4,928 4.68%
    $400k-600k 125 $56,065,000 $448,520 $6,130 4.62%
    $100,000 or less 19 $1,275,000 $67,105 $2,752 5.36%
    $600k-1MM 8 $5,880,000 $735,000 $8,624 5.25%
    $1MM+ 1 $1,055,000 $1,055,000 $7,596 4.13%

    2018 saw Security Home Mortgage place emphasis on $200k-400k loans with 816 originations, totaling $227,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 433 $108,595,000 $250,797 $7,043 4.65%
    $75k-100k 234 $67,410,000 $288,077 $6,876 4.66%
    $50k or less 218 $43,280,000 $198,532 $5,964 4.62%
    $100k-150k 216 $68,330,000 $316,343 $5,917 4.72%
    $150k-250k 104 $36,640,000 $352,308 $5,336 4.83%
    $250k+ 33 $11,835,000 $358,636 $5,955 4.71%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 190 $52,590,000 $276,789 $6,135 4.62%
    20-30% 147 $37,605,000 $255,816 $5,263 4.60%
    50-60% 119 $31,585,000 $265,420 $9,541 4.60%
    49% 73 $18,815,000 $257,740 $6,322 4.72%
    44% 66 $17,300,000 $262,121 $6,830 4.74%
    42% 65 $20,835,000 $320,538 $7,267 4.72%
    48% 61 $16,085,000 $263,689 $6,023 4.81%
    45% 55 $14,035,000 $255,182 $6,283 4.69%
    43% 54 $15,340,000 $284,074 $6,482 4.68%
    46% 53 $14,425,000 $272,170 $6,011 4.75%
    40% 49 $14,575,000 $297,449 $6,119 4.62%
    38% 48 $12,590,000 $262,292 $5,788 4.69%
    41% 48 $13,750,000 $286,458 $6,598 4.68%
    39% 47 $12,355,000 $262,872 $6,247 4.80%
    36% 43 $11,945,000 $277,791 $5,557 4.58%
    <20% 42 $10,730,000 $255,476 $4,791 4.44%
    47% 41 $11,235,000 $274,024 $6,584 4.86%
    37% 35 $9,885,000 $282,429 $5,943 4.78%
    >60% 4 $990,000 $247,500 $7,886 4.37%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,148 $312,760,000 $272,439 $6,478 4.67%
    Not provided 48 $12,310,000 $256,458 $6,676 4.55%
    Asian 26 $6,760,000 $260,000 $5,862 4.73%
    Native Hawaiian or Islander 8 $2,390,000 $298,750 $6,628 4.83%
    American Indian 6 $1,410,000 $235,000 $6,246 4.96%
    Black 4 $1,040,000 $260,000 $6,980 4.34%

    Approval Rates

    Total approvals of all applications
    97.97%

    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 origination
    55.48%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 21 $3,065,000 $145,952 $3,618 4.74%
    40-60% 72 $15,910,000 $220,972 $4,658 4.50%
    60-80% 353 $97,845,000 $277,181 $5,153 4.72%
    80-100% 772 $215,040,000 $278,549 $7,224 4.66%
    Over 100% 16 $4,430,000 $276,875 $8,864 4.47%
    Under 20% 6 $380,000 $63,333 $525 6.04%

    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%