Security Home Mortgage Rates, Fees & Info

Orem, UT

LEI: 5493008I5A5R6730MQ84

Tax ID: 87-0644866

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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 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.

    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% 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

    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

    1,002

    Origination Dollar Volume (All Markets)

    $402,860,000

    Awards

    SECURITY HOME MORTGAGE USDA Loans bronze
    Show all (1) 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) 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%
    Security Home Mortgage's top markets include Provo, Salt Lake City, Ogden, Heber, and St. George among others.

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

    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 96
    Jordan Federal Credit Union
    Similarity Rank: 388
    State Bank of Southern Utah
    Similarity Rank: 450
    Central Bank
    Similarity Rank: 574
    TRANSWEST CREDIT UNION
    Similarity Rank: 610
    Silicon Valley Bank
    Similarity Rank: 960
    MORTGAGEONE, INC.
    Similarity Rank: 1386
    University First Federal Credit Union
    Similarity Rank: 1430
    Utah Power
    Similarity Rank: 1984
    City National Bank
    Similarity Rank: 2340

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 827 $334,735,000 $404,758 $7,432 4.79%
    FHA 125 $49,005,000 $392,040 $14,370 4.90%
    VA 31 $12,965,000 $418,226 $10,982 4.55%
    USDA 16 $4,980,000 $311,250 $8,565 4.36%
    FHA 2 $670,000 $335,000 $0 5.25%
    HELOC 1 $505,000 $505,000 n/a 3.38%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 728 $300,100,000 $412,225 $9,066 4.97%
    Refi 272 $102,390,000 $376,434 $6,940 4.31%
    Home Improvement 1 $155,000 $155,000 $3,121 3.38%
    Cash Out Refi 1 $215,000 $215,000 $9,770 5.75%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 967 $393,725,000 $407,161 $8,615 4.83%
    15 Year 22 $5,270,000 $239,545 $5,100 3.58%
    20 Year 9 $3,115,000 $346,111 $6,220 3.54%
    10 Year 3 $425,000 $141,667 $3,521 3.96%
    Other 1 $325,000 $325,000 $5,486 3.63%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 420 $192,510,000 $458,357
    $1k-2k 173 $69,275,000 $400,434
    $4k-5k 119 $42,175,000 $354,412
    $2k-3k 116 $41,130,000 $354,569
    $3k-4k 104 $36,760,000 $353,462
    $<1k 7 $2,295,000 $327,857

    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

    Loan Rate Originations Total Value Average Loan
    3-4% 304 $120,770,000 $397,270
    5-6% 288 $120,350,000 $417,882
    4-5% 243 $98,145,000 $403,889
    6-7% 119 $45,575,000 $382,983
    2.5-3% 27 $9,425,000 $349,074
    7-8% 17 $7,435,000 $437,353
    <2.5% 3 $1,135,000 $378,333
    Over 8% 1 $25,000 $25,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 447 $141,255,000 $316,007 $7,740 4.77%
    $400k-600k 372 $178,360,000 $479,462 $9,606 4.81%
    $600k-1MM 83 $56,385,000 $679,337 $9,468 4.70%
    $100k-200k 82 $13,000,000 $158,537 $4,754 4.77%
    $1MM+ 10 $13,260,000 $1,326,000 $19,752 5.20%
    $100,000 or less 8 $600,000 $75,000 $3,134 4.98%

    2022 saw Security Home Mortgage place emphasis on $200k-400k loans with 447 originations, totaling $141,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 263 $102,505,000 $389,753 $9,217 4.64%
    $100k-150k 262 $112,220,000 $428,321 $8,532 4.96%
    $50k-75k 229 $71,905,000 $313,996 $7,827 4.59%
    $150k-250k 129 $66,115,000 $512,519 $8,409 5.09%
    $250k+ 62 $37,960,000 $612,258 $10,506 4.96%
    $50k or less 57 $12,155,000 $213,246 $5,818 4.61%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 147 $58,685,000 $399,218 $8,283 4.77%
    20-30% 108 $41,760,000 $386,667 $7,311 4.50%
    44% 71 $31,455,000 $443,028 $8,595 4.70%
    50-60% 63 $26,095,000 $414,206 $14,217 4.77%
    49% 60 $25,260,000 $421,000 $9,036 5.14%
    43% 59 $22,485,000 $381,102 $8,767 4.90%
    42% 54 $23,390,000 $433,148 $7,990 4.77%
    48% 54 $21,940,000 $406,296 $8,422 4.90%
    41% 53 $19,885,000 $375,189 $7,302 4.63%
    45% 50 $17,950,000 $359,000 $8,356 5.16%
    38% 42 $17,520,000 $417,143 $7,098 4.62%
    39% 41 $17,765,000 $433,293 $7,812 5.01%
    40% 38 $14,230,000 $374,474 $6,759 4.61%
    46% 36 $14,540,000 $403,889 $9,520 5.28%
    47% 36 $14,430,000 $400,833 $10,467 4.81%
    37% 35 $14,995,000 $428,429 $7,241 4.53%
    <20% 29 $9,345,000 $322,241 $6,369 4.70%
    36% 25 $10,765,000 $430,600 $8,119 4.64%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 936 $376,070,000 $401,784 $8,536 4.78%
    Asian 38 $14,880,000 $391,579 $6,995 4.77%
    Native Hawaiian or Islander 9 $4,255,000 $472,778 $8,008 5.21%
    American Indian 7 $2,695,000 $385,000 $6,835 4.37%
    Black 5 $2,315,000 $463,000 $13,016 5.37%
    Not provided 6 $2,220,000 $370,000 $10,751 5.56%
    Native Hawaiian 1 $425,000 $425,000 $5,570 5.63%

    Approval Rates

    Total approvals of all applications
    96.97%

    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
    47.90%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,002 $402,860,000 $402,056

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 61 $14,045,000 $230,246 $4,999 4.52%
    40-60% 148 $51,490,000 $347,905 $6,417 4.63%
    60-80% 299 $125,405,000 $419,415 $7,708 4.71%
    80-100% 479 $208,175,000 $434,603 $9,864 4.91%
    Over 100% 8 $3,220,000 $402,500 $15,850 4.45%
    Under 20% 7 $525,000 $75,000 $2,843 5.63%

    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%