Security Service Mortgage Rates, Fees & Info

San Antonio, TX

LEI: 5493008N1D96CHCTQC27

Tax ID: 74-1277697

5 stars - Updated: 3/28/24 - out of 5 stars, based on 75 reviews

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

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Mortgage Data

Review & Overview

Security Service is a small mortgage company specializing in Other, Cash Out Refi, and Home Purchase loans. Security Service has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Provo, Heber, Salt Lake City, and Denver among others. We have data for 68 markets. (Some data included below & more in-depth data is available with an active subscription.)

Security Service has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Security Service 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 relatively high 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) 4.67% 3/28/24
30 Year Conventional Purchase 6.43% 3/28/24
30 Year Conventional Refi 6.21% 3/28/24
30 Year Cash-out Refi 6.42% 3/28/24
30 Year FHA Purchase 6.27% 3/28/24
30 Year VA Purchase 6.27% 3/28/24
15 Year Conventional Purchase 6.12% 3/28/24
15 Year Conventional Refi 5.84% 3/28/24
15 Year Cash-out Refi 5.84% 3/28/24
15 Year FHA Purchase 5.68% 3/28/24
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 Service Mortgage Calculator






Your Estimates

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

This is not an official calculator from Security Service. 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

5,559

Origination Dollar Volume (All Markets)

$1,303,985,000
Show all (19) awards

Relative Rate

Security Service's average 30 year fixed mortgage rate was 6.36%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.12%.

Relative Fees (Closing Costs)

Security Service's average total fees/closing costs for a 30 year fixed rate mortgage were $6,994.

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 $9,089.

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
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1,882 $311,030,000 $165,266 $3,177 6.50%
PROVO-OREM, UT (FHA|USDA|VA) 368 $140,660,000 $382,228 $7,859 6.32%
Heber, UT (FHA|USDA|VA) 117 $129,465,000 $1,106,538 $16,508 6.23%
SALT LAKE CITY, UT (FHA|USDA|VA) 359 $116,055,000 $323,273 $6,361 6.37%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 633 $111,995,000 $176,927 $1,856 6.38%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 130 $51,440,000 $395,692 $10,008 6.45%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 281 $47,245,000 $168,132 $3,202 6.52%
COLORADO SPRINGS, CO (FHA|USDA|VA) 298 $42,610,000 $142,987 $1,904 6.40%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 113 $40,865,000 $361,637 $6,824 6.47%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 88 $36,540,000 $415,227 $7,086 6.30%
GREELEY, CO (FHA|USDA|VA) 133 $31,225,000 $234,774 $1,675 6.37%
Outside of Metro Areas 98 $30,700,000 $313,265 $4,776 6.52%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 6 $26,900,000 $4,483,333 $0 5.60%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 185 $26,305,000 $142,189 $3,112 6.57%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 61 $22,045,000 $361,393 $4,140 6.32%
ST. GEORGE, UT (FHA|USDA|VA) 80 $20,440,000 $255,500 $3,395 6.39%
FORT COLLINS, CO (FHA|USDA|VA) 123 $20,255,000 $164,675 $1,640 6.52%
CORPUS CHRISTI, TX (FHA|USDA|VA) 107 $16,885,000 $157,804 $3,302 6.57%
PUEBLO, CO (FHA|USDA|VA) 122 $13,270,000 $108,770 $1,919 6.54%
BOULDER, CO (FHA|USDA|VA) 50 $10,970,000 $219,400 $1,753 6.47%
EL PASO, TX (FHA|USDA|VA) 85 $8,645,000 $101,706 $2,417 6.70%
GRAND JUNCTION, CO (FHA|USDA|VA) 34 $6,440,000 $189,412 $2,190 6.50%
Uvalde, TX (FHA|USDA|VA) 26 $4,010,000 $154,231 $3,243 6.39%
Cedar City, UT (FHA|USDA|VA) 4 $3,680,000 $920,000 $0 6.02%
Fredericksburg, TX (FHA|USDA|VA) 8 $2,780,000 $347,500 $5,530 6.48%
Kerrville, TX (FHA|USDA|VA) 13 $2,725,000 $209,615 $3,369 6.54%
Rockport, TX (FHA|USDA|VA) 7 $2,135,000 $305,000 $3,636 6.48%
Eagle Pass, TX (FHA|USDA|VA) 12 $2,030,000 $169,167 $3,020 6.85%
LAREDO, TX (FHA|USDA|VA) 17 $2,025,000 $119,118 $2,950 6.81%
Elko, NV (FHA|USDA|VA) 1 $1,805,000 $1,805,000 $0 5.57%
SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $1,470,000 $735,000 $12,137 6.88%
Glenwood Springs, CO (FHA|USDA|VA) 9 $1,385,000 $153,889 $1,762 6.61%
Del Rio, TX (FHA|USDA|VA) 8 $1,270,000 $158,750 $5,060 6.18%
Pearsall, TX (FHA|USDA|VA) 5 $1,195,000 $239,000 $5,267 6.55%
Rio Grande City-Roma, TX (FHA|USDA|VA) 9 $1,025,000 $113,889 $2,625 6.68%
CaƱon City, CO (FHA|USDA|VA) 9 $985,000 $109,444 $1,462 6.58%
Durango, CO (FHA|USDA|VA) 4 $980,000 $245,000 $2,646 6.56%
Kingsville, TX (FHA|USDA|VA) 6 $950,000 $158,333 $2,960 5.83%
Edwards, CO (FHA|USDA|VA) 5 $945,000 $189,000 $0 6.39%
MIDLAND, TX (FHA|USDA|VA) 4 $810,000 $202,500 $5,262 6.34%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $795,000 $795,000 $2,520 5.63%
LUBBOCK, TX (FHA|USDA|VA) 4 $770,000 $192,500 $4,161 6.06%
Breckenridge, CO (FHA|USDA|VA) 3 $715,000 $238,333 $0 7.49%
WACO, TX (FHA|USDA|VA) 4 $610,000 $152,500 $2,050 6.31%
Mineral Wells, TX (FHA|USDA|VA) 1 $605,000 $605,000 $6,331 5.88%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 5 $565,000 $113,000 $2,437 7.00%
Alice, TX (FHA|USDA|VA) 4 $530,000 $132,500 $2,732 6.93%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 4 $520,000 $130,000 $2,794 5.78%
Lufkin, TX (FHA|USDA|VA) 1 $495,000 $495,000 $6,111 6.13%
VICTORIA, TX (FHA|USDA|VA) 3 $485,000 $161,667 $3,196 6.04%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $425,000 $425,000 $5,996 6.63%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 4 $400,000 $100,000 $2,163 6.53%
Athens, TX (FHA|USDA|VA) 2 $360,000 $180,000 $3,320 7.50%
LOGAN, UT-ID (FHA|USDA|VA) 3 $355,000 $118,333 $0 7.16%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $325,000 $325,000 $3,325 7.00%
Granbury, TX (FHA|USDA|VA) 1 $295,000 $295,000 $6,304 6.00%
Jacksonville, TX (FHA|USDA|VA) 1 $245,000 $245,000 $2,572 5.88%
Steamboat Springs, CO (FHA|USDA|VA) 2 $190,000 $95,000 $1,546 6.68%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.99%
Beeville, TX (FHA|USDA|VA) 2 $160,000 $80,000 $3,635 5.87%
Montrose, CO (FHA|USDA|VA) 1 $145,000 $145,000 $0 5.99%
Zapata, TX (FHA|USDA|VA) 1 $125,000 $125,000 $3,449 7.00%
LONGVIEW, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.99%
Sterling, CO (FHA|USDA|VA) 2 $110,000 $55,000 $1,492 6.68%
Craig, CO (FHA|USDA|VA) 1 $85,000 $85,000 $1,505 7.00%
Raymondville, TX (FHA|USDA|VA) 1 $75,000 $75,000 $2,392 6.50%
Vernal, UT (FHA|USDA|VA) 1 $65,000 $65,000 $1,347 7.50%
Price, UT (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.99%
Security Service's top markets include San Antonio, Provo, Heber, Salt Lake City, and Denver among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against SECURITY SERVICE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    EVOLVE
    Similarity Rank: 18
    SunWest Credit Union
    Similarity Rank: 22
    GULF COAST
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    PREMIER MORTGAGE SERVICES, INC.
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    EL PASO AREA TEACHERS
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    Rocky Mountain Mortgage Company
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    State Bank of Southern Utah
    Similarity Rank: 176
    PATRIOT MORTGAGE COMPANY
    Similarity Rank: 248
    AMOCO
    Similarity Rank: 258

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,975 $883,645,000 $297,024 $4,053 6.63%
    HELOC 2,584 $420,340,000 $162,670 n/a 6.25%

    For 2023, Security Service's most frequently originated type of loan was Conventional, with 2,975 originations. Their 2nd most popular type was HELOC, with 2,584 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 3,137 $391,295,000 $124,735 $1,991 6.48%
    Cash Out Refi 1,277 $268,295,000 $210,098 $2,594 6.53%
    Home Purchase 1,036 $542,690,000 $523,832 $7,446 6.27%
    Refi 87 $99,315,000 $1,141,552 $4,462 6.19%
    Home Improvement 22 $2,390,000 $108,636 $2,328 7.27%

    For 2023, Security Service's most frequently cited loan purpose was Other, with 3,137 originations. The 2nd most popular reason was Cash Out Refi, with 1,277 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30+ year 2,584 $420,340,000 $162,670 $0 6.25%
    30 Year 1,128 $542,530,000 $480,966 $6,994 6.36%
    15 Year 714 $89,730,000 $125,672 $2,631 6.62%
    20 Year 702 $91,430,000 $130,242 $2,135 6.94%
    10 Year 415 $59,735,000 $143,940 $1,706 6.88%
    Other 13 $75,445,000 $5,803,462 $0 5.75%
    5 Year 3 $24,775,000 $8,258,333 $1,447 6.87%

    For 2023, Security Service's most frequently cited loan duration was 30+ year, with 2,584 originations. The 2nd most popular length was 30 Year, with 1,128 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,452 $420,570,000 $171,521
    $5k+ 207 $238,185,000 $1,150,652
    $1k-2k 105 $27,865,000 $265,381
    $2k-3k 103 $26,335,000 $255,680
    $3k-4k 51 $19,435,000 $381,078
    $4k-5k 33 $12,715,000 $385,303

    Security Service's average total fees were $6,994, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,452 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 2,218 $416,590,000 $187,822
    5-6% 1,989 $612,285,000 $307,836
    7-8% 1,016 $207,500,000 $204,232
    4-5% 290 $56,100,000 $193,448
    Over 8% 46 $11,510,000 $250,217

    During 2023, Security Service's average interest rate for loans was 6.36%, while their most frequently originated rate bucket for loans was 6-7%, with 2,218 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 2,072 $124,060,000 $59,875 $1,775 6.61%
    $100k-200k 1,670 $224,970,000 $134,713 $2,635 6.43%
    $200k-400k 1,156 $314,350,000 $271,929 $4,106 6.33%
    $400k-600k 387 $184,695,000 $477,248 $6,370 6.23%
    $1MM+ 153 $361,855,000 $2,365,065 $23,067 6.15%
    $600k-1MM 121 $94,055,000 $777,314 $10,577 6.18%

    2023 saw Security Service place emphasis on $100,000 or less loans with 2,072 originations, totaling $124,060,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,433 $221,635,000 $154,665 $2,812 6.47%
    $150k-250k 1,125 $254,685,000 $226,387 $3,983 6.40%
    $50k-75k 947 $104,165,000 $109,995 $2,401 6.50%
    $75k-100k 911 $124,425,000 $136,581 $2,786 6.51%
    $250k+ 683 $418,155,000 $612,233 $11,515 6.32%
    $50k or less 436 $42,380,000 $97,202 $2,253 6.54%

    Security Service lent most frequently to those with incomes in the $100k-150k range, with 1,433 originations. The second most popular income band? $150k-250k, with 1,125 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 1,158 $239,730,000 $207,021 $4,071 6.55%
    20-30% 802 $173,510,000 $216,347 $4,440 6.32%
    30-36% 709 $142,205,000 $200,571 $4,028 6.42%
    >60% 526 $113,110,000 $215,038 $3,491 6.64%
    <20% 324 $83,010,000 $256,204 $4,390 6.28%
    36% 153 $35,825,000 $234,150 $4,273 6.41%
    45% 153 $32,155,000 $210,163 $4,066 6.50%
    38% 150 $32,220,000 $214,800 $4,511 6.39%
    46% 149 $36,885,000 $247,550 $5,087 6.44%
    39% 148 $27,210,000 $183,851 $3,868 6.41%
    49% 148 $30,080,000 $203,243 $3,503 6.49%
    48% 145 $26,305,000 $181,414 $3,262 6.43%
    43% 144 $27,260,000 $189,306 $4,103 6.47%
    47% 144 $27,520,000 $191,111 $4,284 6.49%
    40% 142 $29,590,000 $208,380 $3,873 6.45%
    44% 139 $30,195,000 $217,230 $4,596 6.48%
    37% 138 $29,270,000 $212,101 $3,265 6.55%
    42% 136 $26,770,000 $196,838 $4,017 6.37%
    41% 127 $22,595,000 $177,913 $3,118 6.37%

    Security Service lent most frequently to those with DTI ratios of 50-60%, with 1,158 originations. The next most common DTI ratio? 20-30%, with 802 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,468 $939,450,000 $210,262 $4,063 6.47%
    Not applicable 24 $138,540,000 $5,772,500 $0 5.84%
    Not provided 553 $120,485,000 $217,875 $3,981 6.38%
    Asian 216 $54,830,000 $253,843 $5,064 6.35%
    Black 164 $28,320,000 $172,683 $3,352 6.52%
    American Indian 95 $13,245,000 $139,421 $2,955 6.55%
    Native Hawaiian or Islander 39 $9,115,000 $233,718 $2,966 6.35%

    Approval Rates

    Total approvals of all applications
    79.19%

    Security Service has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.16%

    Security Service has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,559 $1,303,985,000 $234,572

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    5,559 $1,303,985,000 $234,572

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,699 $282,695,000 $166,389 $2,141 6.46%
    40-60% 708 $284,270,000 $401,511 $4,517 6.38%
    60-80% 825 $385,955,000 $467,824 $6,837 6.38%
    80-100% 504 $202,260,000 $401,310 $6,166 6.29%
    Under 20% 1,823 $148,805,000 $81,626 $1,622 6.55%