Security Service Mortgage Rates, Fees & Info
San Antonio, TXLEI: 5493008N1D96CHCTQC27
Tax ID: 74-1277697
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 4.67% | 11/17/24 |
| 30 Year Conventional Purchase | 6.43% | 11/17/24 |
| 30 Year Conventional Refi | 6.21% | 11/17/24 |
| 30 Year Cash-out Refi | 6.42% | 11/17/24 |
| 30 Year FHA Purchase | 6.27% | 11/17/24 |
| 30 Year VA Purchase | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 6.12% | 11/17/24 |
| 15 Year Conventional Refi | 5.84% | 11/17/24 |
| 15 Year Cash-out Refi | 5.84% | 11/17/24 |
| 15 Year FHA Purchase | 5.68% | 11/17/24 |
| 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
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This is not an official calculator from Security Service. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
5,559Origination Dollar Volume (All Markets)
$1,303,985,000Awards
SECURITY SERVICE - 2023
SECURITY SERVICE is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
| Cañon 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% |
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.
Similarity Rank: 8
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Similarity Rank: 100
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Similarity Rank: 248
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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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications79.19%
Security Service has a below average approval rate.
Pick Rate
Approvals leading to origination80.16%
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 |