Security Service Mortgage Rates, Fees & Info

San Antonio, TX

LEI: 5493008N1D96CHCTQC27

Tax ID: 74-1277697

5 stars - out of 5 stars, based on 94 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Security Service is a small mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. Security Service has a high proportion of conventional loans. Their top markets include San Antonio, Heber, Provo, Denver, and Salt Lake City among others. Security Service has an 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 Service is typically an average fee lendor.


Originations

8,746

Origination Dollar Volume (All Markets)

$2,020,930,000
Show all (21) awards

Relative Rate

Security Service's average 30 year fixed rate mortgage of loans were 3.06%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.09%.

Relative Fees

Security Service's average total fees for a 30 year fixed rate mortgage are $4,443.

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
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3,858 $790,260,000 $204,837 $3,189 2.95%
Heber, UT (FHA|USDA|VA) 89 $133,825,000 $1,503,652 $17,241 3.07%
PROVO-OREM, UT (FHA|USDA|VA) 437 $121,595,000 $278,249 $4,457 3.03%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 506 $117,410,000 $232,036 $2,933 3.08%
SALT LAKE CITY, UT (FHA|USDA|VA) 378 $94,340,000 $249,577 $4,097 3.16%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 237 $92,455,000 $390,105 $6,739 3.09%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 567 $90,775,000 $160,097 $3,040 2.89%
COLORADO SPRINGS, CO (FHA|USDA|VA) 467 $89,255,000 $191,124 $2,626 3.10%
FORT COLLINS, CO (FHA|USDA|VA) 172 $49,970,000 $290,523 $2,598 2.98%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 126 $48,050,000 $381,349 $6,105 3.24%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 298 $45,760,000 $153,557 $2,937 2.91%
Outside of Metro Areas 139 $37,805,000 $271,978 $4,642 2.96%
CORPUS CHRISTI, TX (FHA|USDA|VA) 186 $37,020,000 $199,032 $3,176 2.92%
GREELEY, CO (FHA|USDA|VA) 192 $35,370,000 $184,219 $2,593 3.06%
PUEBLO, CO (FHA|USDA|VA) 230 $33,800,000 $146,957 $2,226 2.98%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 85 $33,685,000 $396,294 $5,459 3.08%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 98 $28,070,000 $286,429 $4,167 2.93%
ST. GEORGE, UT (FHA|USDA|VA) 101 $26,995,000 $267,277 $4,111 3.03%
EL PASO, TX (FHA|USDA|VA) 167 $24,225,000 $145,060 $2,572 2.93%
BOULDER, CO (FHA|USDA|VA) 44 $11,020,000 $250,455 $3,813 2.94%
Uvalde, TX (FHA|USDA|VA) 60 $9,470,000 $157,833 $3,235 2.93%
Kerrville, TX (FHA|USDA|VA) 19 $4,745,000 $249,737 $4,505 2.97%
Rockport, TX (FHA|USDA|VA) 19 $4,675,000 $246,053 $3,227 3.18%
LAREDO, TX (FHA|USDA|VA) 34 $4,220,000 $124,118 $2,453 3.00%
GRAND JUNCTION, CO (FHA|USDA|VA) 19 $3,835,000 $201,842 $1,800 3.34%
LOGAN, UT-ID (FHA|USDA|VA) 9 $3,555,000 $395,000 $2,424 2.94%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $13,515 2.88%
Cañon City, CO (FHA|USDA|VA) 17 $2,795,000 $164,412 $2,700 2.86%
Edwards, CO (FHA|USDA|VA) 8 $2,770,000 $346,250 $2,880 3.56%
Eagle Pass, TX (FHA|USDA|VA) 20 $2,540,000 $127,000 $2,713 3.04%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $2,250,000 $1,125,000 $4,602 2.13%
Breckenridge, CO (FHA|USDA|VA) 4 $2,090,000 $522,500 $4,075 2.90%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 3 $2,065,000 $688,333 $14,224 2.91%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $2,030,000 $1,015,000 $3,777 2.13%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 12 $1,990,000 $165,833 $3,118 2.96%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 9 $1,895,000 $210,556 $3,270 2.76%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $1,880,000 $940,000 $2,425 2.62%
Pearsall, TX (FHA|USDA|VA) 4 $1,740,000 $435,000 $4,828 2.69%
Rio Grande City-Roma, TX (FHA|USDA|VA) 10 $1,650,000 $165,000 $2,925 2.96%
MIDLAND, TX (FHA|USDA|VA) 6 $1,640,000 $273,333 $3,864 2.77%
Del Rio, TX (FHA|USDA|VA) 10 $1,330,000 $133,000 $2,385 2.79%
TYLER, TX (FHA|USDA|VA) 4 $1,210,000 $302,500 $3,839 2.47%
SAN ANGELO, TX (FHA|USDA|VA) 6 $1,200,000 $200,000 $2,914 3.15%
Kingsville, TX (FHA|USDA|VA) 9 $955,000 $106,111 $2,146 3.00%
Cedar City, UT (FHA|USDA|VA) 4 $880,000 $220,000 $3,381 2.94%
Kalispell, MT (FHA|USDA|VA) 1 $825,000 $825,000 $4,277 2.13%
Beeville, TX (FHA|USDA|VA) 5 $785,000 $157,000 $2,820 2.90%
Athens, TX (FHA|USDA|VA) 4 $770,000 $192,500 $4,081 2.84%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $715,000 $715,000 $16,337 3.50%
Raymondville, TX (FHA|USDA|VA) 4 $680,000 $170,000 $3,306 3.00%
Fredericksburg, TX (FHA|USDA|VA) 4 $640,000 $160,000 $2,649 3.19%
VICTORIA, TX (FHA|USDA|VA) 4 $590,000 $147,500 $2,411 2.84%
WACO, TX (FHA|USDA|VA) 4 $550,000 $137,500 $2,207 2.56%
Alice, TX (FHA|USDA|VA) 5 $525,000 $105,000 $2,483 2.83%
Durango, CO (FHA|USDA|VA) 1 $505,000 $505,000 $2,218 2.75%
Montrose, CO (FHA|USDA|VA) 3 $495,000 $165,000 $3,184 2.71%
AMARILLO, TX (FHA|USDA|VA) 4 $480,000 $120,000 $2,520 2.94%
Stephenville, TX (FHA|USDA|VA) 1 $455,000 $455,000 $4,941 2.88%
LUBBOCK, TX (FHA|USDA|VA) 3 $375,000 $125,000 $1,717 2.67%
Port Lavaca, TX (FHA|USDA|VA) 2 $310,000 $155,000 $3,775 2.88%
Granbury, TX (FHA|USDA|VA) 2 $290,000 $145,000 $1,505 2.56%
Steamboat Springs, CO (FHA|USDA|VA) 1 $285,000 $285,000 $1,630 3.00%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $285,000 $285,000 $5,582 2.13%
Mineral Wells, TX (FHA|USDA|VA) 1 $265,000 $265,000 $7,102 2.75%
Sterling, CO (FHA|USDA|VA) 3 $265,000 $88,333 $1,887 3.38%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $235,000 $235,000 $3,176 2.88%
ODESSA, TX (FHA|USDA|VA) 2 $230,000 $115,000 $2,567 3.94%
Glenwood Springs, CO (FHA|USDA|VA) 2 $220,000 $110,000 $3,328 2.87%
Paris, TX (FHA|USDA|VA) 1 $205,000 $205,000 $3,023 3.50%
Bay City, TX (FHA|USDA|VA) 1 $205,000 $205,000 $3,337 4.00%
Nacogdoches, TX (FHA|USDA|VA) 1 $185,000 $185,000 $8,035 2.75%
GREAT FALLS, MT (FHA|USDA|VA) 1 $175,000 $175,000 $4,132 2.38%
Lufkin, TX (FHA|USDA|VA) 1 $175,000 $175,000 $2,937 3.00%
Zapata, TX (FHA|USDA|VA) 1 $165,000 $165,000 $1,498 2.75%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $155,000 $155,000 $1,656 3.25%
Huntsville, TX (FHA|USDA|VA) 2 $130,000 $65,000 $3,999 3.25%
Brownwood, TX (FHA|USDA|VA) 1 $105,000 $105,000 $1,348 2.75%
Pampa, TX (FHA|USDA|VA) 1 $105,000 $105,000 $1,350 2.88%
Vernal, UT (FHA|USDA|VA) 1 $105,000 $105,000 $1,432 2.25%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $85,000 $85,000 $1,365 2.88%
LONGVIEW, TX (FHA|USDA|VA) 1 $75,000 $75,000 $1,619 2.38%
Craig, CO (FHA|USDA|VA) 1 $75,000 $75,000 $1,563 3.25%
Fort Morgan, CO (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.49%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.49%

Security Service's top markets include San Antonio, Heber, Provo, Denver, and Salt Lake City among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 8,746 $2,020,930,000 $231,069 $3,485 2.99%

For the 2021 period, Security Service's most frequently originated loan type of loans were Conventional, with 8,746 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 3,051 $657,305,000 $215,439 $2,971 3.01%
Refi 2,459 $495,605,000 $201,547 $2,641 2.79%
Other 1,669 $215,585,000 $129,170 $2,174 3.23%
Home Purchase 1,558 $651,610,000 $418,235 $6,075 2.99%
Home Improvement 9 $825,000 $91,667 $2,189 4.46%

For the 2021, Security Service's most frequently cited loan purpose of loans were Cash Out Refi, with 3,051 originations. The 2nd most popular reason of loans were Refi, with 2,459 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 3,537 $1,192,165,000 $337,055 $4,443 3.06%
15 Year 2,220 $362,770,000 $163,410 $2,565 2.74%
30+ year 1,654 $242,710,000 $146,741 $0 3.09%
20 Year 753 $139,855,000 $185,730 $2,840 3.19%
10 Year 579 $77,555,000 $133,946 $1,991 2.90%
5 Year 3 $5,875,000 $1,958,333 $1,768 4.08%

For the 2021, Security Service's most frequently cited loan length of loans were 30 Year, with 3,537 originations. The 2nd most popular length of loans were 15 Year, with 2,220 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 5,538 $1,095,740,000 $197,858
$1k-2k 553 $106,085,000 $191,835
$2k-3k 400 $100,830,000 $252,075
$5k+ 306 $329,710,000 $1,077,484
$3k-4k 288 $117,020,000 $406,319

$4,443 of loans were Security Service's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 5,538 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 4,758 $1,095,510,000 $230,246
3-4% 2,276 $567,350,000 $249,275
<2.5% 1,371 $319,465,000 $233,016
4-5% 277 $33,375,000 $120,487
5-6% 40 $4,160,000 $104,000
6-7% 24 $1,070,000 $44,583

During 2021, Security Service's average interest rate of loans were 3.06%, while their most frequently originated rate bucket of loans were 2.5-3%, with 4,758 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 3,291 $477,235,000 $145,012 $2,522 2.97%
$200k-400k 2,325 $631,055,000 $271,422 $3,534 2.96%
$100,000 or less 2,179 $146,545,000 $67,253 $1,827 3.08%
$400k-600k 508 $242,570,000 $477,500 $5,500 2.95%
$600k-1MM 241 $184,165,000 $764,170 $9,648 2.91%
$1MM+ 202 $339,360,000 $1,680,000 $17,179 2.89%

2021 saw Security Service place emphasis on $100k-200k loans with 3,291 originations, totaling $477,235,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 2,027 $421,465,000 $207,926 $3,231 3.02%
$50k-75k 1,921 $283,795,000 $147,733 $2,547 2.98%
$75k-100k 1,594 $271,690,000 $170,445 $2,780 2.99%
$150k-250k 1,325 $390,465,000 $294,691 $4,427 3.00%
$50k or less 1,202 $151,370,000 $125,932 $2,275 2.93%
$250k+ 671 $476,315,000 $709,858 $9,488 2.97%

Security Service lent most frequently to those with incomes in the $100k-150k range, with 2,027 originations. The second most popular income band? $50k-75k, with 1,921 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,878 $423,360,000 $225,431 $3,395 2.92%
30-36% 1,376 $306,250,000 $222,565 $3,494 2.95%
50-60% 1,096 $252,080,000 $230,000 $3,400 3.10%
<20% 887 $222,065,000 $250,355 $3,721 2.85%
>60% 333 $73,185,000 $219,775 $3,239 3.02%
38% 268 $57,120,000 $213,134 $3,443 3.07%
42% 262 $54,500,000 $208,015 $3,278 3.00%
36% 249 $52,725,000 $211,747 $3,369 3.00%
40% 247 $66,385,000 $268,765 $3,886 3.01%
39% 245 $54,005,000 $220,429 $3,400 2.98%
43% 243 $54,375,000 $223,765 $3,440 3.05%
44% 243 $52,645,000 $216,646 $3,485 3.01%
41% 230 $50,690,000 $220,391 $3,442 3.04%
45% 216 $50,120,000 $232,037 $3,640 3.12%
37% 210 $46,020,000 $219,143 $3,068 3.05%
46% 207 $49,305,000 $238,188 $3,971 3.09%
47% 188 $46,660,000 $248,191 $4,064 3.07%
48% 185 $40,825,000 $220,676 $3,525 3.13%
49% 177 $42,785,000 $241,723 $3,516 3.10%

Security Service lent most frequently to those with DTI ratios of 20-30%, with 1,878 originations. The next most common DTI ratio? 30-36%, with 1,376 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 6,731 $1,572,865,000 $233,675 $3,537 2.99%
Not provided 1,374 $279,770,000 $203,617 $3,234 3.01%
Asian 272 $65,270,000 $239,963 $3,697 2.92%
Black 205 $45,475,000 $221,829 $3,584 3.04%
Not applicable 6 $25,830,000 $4,305,000 $0 3.77%
American Indian 119 $22,285,000 $187,269 $2,911 2.96%
Native Hawaiian 39 $9,435,000 $241,923 $3,106 2.99%

Approval Rates

Total approvals of all applications
82.80%

Security Service has a below average approval rate.

Pick Rate

Approvals leading to origination
82.20%

Security Service has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 8,746 $2,020,930,000 $231,069

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
8,746 $2,020,930,000 $231,069

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,634 $229,670,000 $140,557 $2,265 2.94%
40-60% 1,871 $391,965,000 $209,495 $2,902 2.81%
60-80% 3,014 $910,100,000 $301,958 $3,900 2.98%
80-100% 1,267 $418,485,000 $330,296 $4,697 3.02%
Under 20% 960 $70,710,000 $73,656 $1,558 3.40%

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%