Security Service Mortgage Rates, Fees & Info

San Antonio, TX

LEI: 5493008N1D96CHCTQC27

Tax ID: 74-1277697

5 stars - Updated: 11/30/23 - out of 5 stars, based on 89 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 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, Denver, and Salt Lake City among others. We have data for 86 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 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) 4.67% 11/30/23
30 Year Conventional Purchase 6.43% 11/30/23
30 Year Conventional Refi 6.21% 11/30/23
30 Year Cash-out Refi 6.42% 11/30/23
30 Year FHA Purchase 6.27% 11/30/23
30 Year VA Purchase 6.27% 11/30/23
15 Year Conventional Purchase 6.12% 11/30/23
15 Year Conventional Refi 5.84% 11/30/23
15 Year Cash-out Refi 5.84% 11/30/23
15 Year FHA Purchase 5.68% 11/30/23
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

7,975

Origination Dollar Volume (All Markets)

$1,920,505,000
Show all (21) awards

Relative Rate

Security Service's average 30 year fixed mortgage rate was 4.04%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.72%.

Relative Fees (Closing Costs)

Security Service's average total fees/closing costs for a 30 year fixed rate mortgage were $5,905.

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 $4,750.

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) 2,905 $603,585,000 $207,775 $3,455 4.10%
PROVO-OREM, UT (FHA|USDA|VA) 566 $160,440,000 $283,463 $5,617 3.94%
Heber, UT (FHA|USDA|VA) 126 $158,360,000 $1,256,825 $21,839 4.05%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 735 $153,365,000 $208,660 $2,642 4.14%
SALT LAKE CITY, UT (FHA|USDA|VA) 499 $133,485,000 $267,505 $6,042 4.05%
COLORADO SPRINGS, CO (FHA|USDA|VA) 516 $90,240,000 $174,884 $2,285 4.06%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 205 $86,345,000 $421,195 $8,344 4.02%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 167 $70,595,000 $422,725 $10,516 4.08%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 398 $65,470,000 $164,497 $3,420 4.13%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 120 $46,420,000 $386,833 $6,936 4.16%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 236 $34,770,000 $147,331 $3,112 4.15%
FORT COLLINS, CO (FHA|USDA|VA) 170 $34,320,000 $201,882 $2,238 4.07%
Outside of Metro Areas 124 $31,820,000 $256,613 $5,091 4.21%
CORPUS CHRISTI, TX (FHA|USDA|VA) 140 $27,770,000 $198,357 $3,122 4.36%
GREELEY, CO (FHA|USDA|VA) 168 $26,300,000 $156,548 $2,156 4.18%
ST. GEORGE, UT (FHA|USDA|VA) 98 $25,590,000 $261,122 $4,562 3.91%
PUEBLO, CO (FHA|USDA|VA) 163 $19,105,000 $117,209 $2,203 4.17%
EL PASO, TX (FHA|USDA|VA) 136 $18,690,000 $137,426 $2,744 4.31%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 72 $18,600,000 $258,333 $4,042 4.28%
BOULDER, CO (FHA|USDA|VA) 50 $15,250,000 $305,000 $3,950 3.72%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $12,510,000 $6,255,000 $0 5.37%
Uvalde, TX (FHA|USDA|VA) 44 $7,280,000 $165,455 $2,954 4.05%
LAREDO, TX (FHA|USDA|VA) 34 $6,240,000 $183,529 $3,377 4.39%
GRAND JUNCTION, CO (FHA|USDA|VA) 28 $5,090,000 $181,786 $2,367 3.67%
Kerrville, TX (FHA|USDA|VA) 13 $4,985,000 $383,462 $3,079 4.21%
Fredericksburg, TX (FHA|USDA|VA) 14 $4,810,000 $343,571 $5,851 4.07%
LOGAN, UT-ID (FHA|USDA|VA) 16 $4,770,000 $298,125 $18,307 3.75%
Rockport, TX (FHA|USDA|VA) 17 $4,235,000 $249,118 $3,803 3.93%
Del Rio, TX (FHA|USDA|VA) 20 $2,880,000 $144,000 $2,853 4.31%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 12 $2,800,000 $233,333 $4,290 3.73%
Edwards, CO (FHA|USDA|VA) 9 $2,785,000 $309,444 $2,408 4.20%
Eagle Pass, TX (FHA|USDA|VA) 19 $2,655,000 $139,737 $2,885 3.82%
LUBBOCK, TX (FHA|USDA|VA) 3 $2,595,000 $865,000 $4,106 4.65%
SANTA FE, NM (FHA|USDA|VA) 1 $2,195,000 $2,195,000 $11,507 2.63%
Rio Grande City-Roma, TX (FHA|USDA|VA) 12 $2,080,000 $173,333 $3,618 4.09%
Brenham, TX (FHA|USDA|VA) 3 $2,075,000 $691,667 $9,101 3.46%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 9 $1,955,000 $217,222 $4,616 4.36%
Cedar City, UT (FHA|USDA|VA) 7 $1,855,000 $265,000 $11,171 3.49%
Kingsville, TX (FHA|USDA|VA) 7 $1,715,000 $245,000 $4,730 3.70%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $1,445,000 $1,445,000 $2,710 3.13%
Montrose, CO (FHA|USDA|VA) 6 $1,440,000 $240,000 $1,966 3.58%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $1,365,000 $455,000 $3,920 3.54%
Durango, CO (FHA|USDA|VA) 4 $1,270,000 $317,500 $2,024 5.06%
Breckenridge, CO (FHA|USDA|VA) 5 $1,165,000 $233,000 $2,150 3.97%
Cañon City, CO (FHA|USDA|VA) 13 $1,055,000 $81,154 $1,651 4.24%
Glenwood Springs, CO (FHA|USDA|VA) 4 $1,000,000 $250,000 $3,077 3.65%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 3 $975,000 $325,000 $5,148 3.83%
Pearsall, TX (FHA|USDA|VA) 7 $935,000 $133,571 $2,898 5.11%
Steamboat Springs, CO (FHA|USDA|VA) 3 $935,000 $311,667 $0 2.99%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $785,000 $785,000 $2,996 6.38%
LONGVIEW, TX (FHA|USDA|VA) 4 $780,000 $195,000 $4,503 4.13%
Alice, TX (FHA|USDA|VA) 3 $765,000 $255,000 $4,712 3.75%
MIDLAND, TX (FHA|USDA|VA) 4 $700,000 $175,000 $5,007 4.84%
SAN ANGELO, TX (FHA|USDA|VA) 4 $650,000 $162,500 $2,845 3.81%
Mount Pleasant, TX (FHA|USDA|VA) 1 $625,000 $625,000 $5,872 2.38%
WACO, TX (FHA|USDA|VA) 3 $585,000 $195,000 $4,250 3.96%
RENO, NV (FHA|USDA|VA) 1 $565,000 $565,000 $3,031 4.75%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $505,000 $505,000 $5,195 3.38%
Jacksonville, TX (FHA|USDA|VA) 2 $500,000 $250,000 $3,443 2.93%
El Campo, TX (FHA|USDA|VA) 2 $490,000 $245,000 $5,834 4.31%
Athens, TX (FHA|USDA|VA) 1 $465,000 $465,000 $0 4.49%
Raymondville, TX (FHA|USDA|VA) 5 $465,000 $93,000 $2,994 4.78%
VICTORIA, TX (FHA|USDA|VA) 2 $460,000 $230,000 $6,023 3.75%
Laramie, WY (FHA|USDA|VA) 1 $395,000 $395,000 $2,446 2.88%
Gainesville, TX (FHA|USDA|VA) 1 $395,000 $395,000 $4,080 3.13%
Brownwood, TX (FHA|USDA|VA) 1 $395,000 $395,000 $6,144 5.38%
Stephenville, TX (FHA|USDA|VA) 1 $355,000 $355,000 $2,919 5.38%
Vernal, UT (FHA|USDA|VA) 2 $340,000 $170,000 $2,065 2.63%
Bay City, TX (FHA|USDA|VA) 1 $325,000 $325,000 $3,584 5.00%
ODESSA, TX (FHA|USDA|VA) 1 $275,000 $275,000 $6,362 2.00%
Big Spring, TX (FHA|USDA|VA) 2 $250,000 $125,000 $3,356 3.94%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $235,000 $235,000 $3,396 4.00%
KNOXVILLE, TN (FHA|USDA|VA) 1 $195,000 $195,000 $2,161 2.00%
ABILENE, TX (FHA|USDA|VA) 2 $190,000 $95,000 $2,673 5.63%
Ruidoso, NM (FHA|USDA|VA) 1 $185,000 $185,000 $2,357 4.88%
Port Lavaca, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.99%
Huntsville, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,289 3.00%
Zapata, TX (FHA|USDA|VA) 2 $150,000 $75,000 $1,734 3.25%
Beeville, TX (FHA|USDA|VA) 2 $140,000 $70,000 $2,448 5.44%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $85,000 $85,000 $2,738 3.00%
AMARILLO, TX (FHA|USDA|VA) 1 $65,000 $65,000 $1,398 6.00%
Craig, CO (FHA|USDA|VA) 1 $65,000 $65,000 $1,663 4.38%
Sterling, CO (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.49%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $55,000 $55,000 $1,730 3.50%
Granbury, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 2.99%
Price, UT (FHA|USDA|VA) 1 $35,000 $35,000 $0 2.99%
Security Service's top markets include San Antonio, Provo, Heber, Denver, and Salt Lake City among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • New Mexico (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.

    SunWest Credit Union
    Similarity Rank: 138
    PATRIOT MORTGAGE COMPANY
    Similarity Rank: 174
    Citizens Bank of Las Cruces
    Similarity Rank: 182
    EVOLVE
    Similarity Rank: 204
    GECU
    Similarity Rank: 310
    HORIZON UTAH Federal Credit Union
    Similarity Rank: 350
    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 384
    State Bank of Southern Utah
    Similarity Rank: 486
    TRANSWEST CREDIT UNION
    Similarity Rank: 580
    The District Federal Credit Union
    Similarity Rank: 588

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,906 $1,390,570,000 $283,443 $4,126 4.19%
    HELOC 3,069 $529,935,000 $172,674 n/a 3.95%

    For 2022, Security Service's most frequently originated type of loan was Conventional, with 4,906 originations. Their 2nd most popular type was HELOC, with 3,069 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 3,451 $480,775,000 $139,315 $2,054 4.32%
    Cash Out Refi 2,190 $489,540,000 $223,534 $2,956 3.95%
    Home Purchase 1,624 $796,840,000 $490,665 $7,283 4.22%
    Refi 678 $150,440,000 $221,888 $2,708 3.09%
    Home Improvement 32 $2,910,000 $90,938 $2,220 5.25%

    For 2022, Security Service's most frequently cited loan purpose was Other, with 3,451 originations. The 2nd most popular reason was Cash Out Refi, with 2,190 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30+ year 3,069 $529,935,000 $172,674 $0 3.95%
    30 Year 2,410 $1,029,420,000 $427,145 $5,905 4.04%
    15 Year 1,231 $182,955,000 $148,623 $2,640 3.97%
    20 Year 753 $107,475,000 $142,729 $2,352 4.81%
    10 Year 507 $55,285,000 $109,043 $1,891 4.47%
    5 Year 3 $75,000 $25,000 $1,676 4.92%
    Other 2 $15,360,000 $7,680,000 $0 6.15%

    For 2022, Security Service's most frequently cited loan duration was 30+ year, with 3,069 originations. The 2nd most popular length was 30 Year, with 2,410 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 4,092 $834,040,000 $203,822
    $5k+ 328 $375,310,000 $1,144,238
    $1k-2k 172 $39,950,000 $232,267
    $2k-3k 152 $39,000,000 $256,579
    $3k-4k 99 $39,345,000 $397,424
    $4k-5k 54 $27,550,000 $510,185

    Security Service's average total fees were $5,905, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,092 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 2,842 $637,350,000 $224,261
    2.5-3% 1,719 $397,085,000 $230,998
    3-4% 1,601 $497,685,000 $310,859
    5-6% 1,027 $197,195,000 $192,011
    <2.5% 468 $121,990,000 $260,662
    6-7% 284 $63,360,000 $223,099
    7-8% 33 $5,585,000 $169,242
    Over 8% 1 $255,000 $255,000

    During 2022, Security Service's average interest rate for loans was 4.04%, while their most frequently originated rate bucket for loans was 4-5%, with 2,842 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 2,619 $366,225,000 $139,834 $2,613 4.03%
    $100,000 or less 2,303 $143,745,000 $62,416 $1,850 4.37%
    $200k-400k 1,997 $547,935,000 $274,379 $3,721 3.97%
    $400k-600k 577 $276,555,000 $479,298 $5,753 3.95%
    $600k-1MM 260 $197,060,000 $757,923 $10,143 3.83%
    $1MM+ 219 $388,985,000 $1,776,187 $21,997 3.88%

    2022 saw Security Service place emphasis on $100k-200k loans with 2,619 originations, totaling $366,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,979 $382,765,000 $193,413 $3,225 4.14%
    $50k-75k 1,514 $207,330,000 $136,942 $2,571 4.06%
    $150k-250k 1,493 $433,325,000 $290,238 $4,966 4.10%
    $75k-100k 1,377 $219,235,000 $159,212 $2,907 4.14%
    $50k or less 813 $101,775,000 $125,185 $2,401 4.05%
    $250k+ 790 $540,700,000 $684,430 $12,008 4.01%

    Security Service lent most frequently to those with incomes in the $100k-150k range, with 1,979 originations. The second most popular income band? $50k-75k, with 1,514 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 1,343 $320,085,000 $238,336 $4,142 4.32%
    20-30% 1,336 $309,980,000 $232,021 $4,011 3.88%
    30-36% 1,162 $268,120,000 $230,740 $4,260 4.02%
    <20% 623 $170,455,000 $273,604 $4,531 3.73%
    >60% 508 $129,170,000 $254,272 $4,181 4.28%
    44% 234 $52,280,000 $223,419 $3,562 4.16%
    38% 229 $48,985,000 $213,908 $3,501 4.06%
    40% 227 $54,075,000 $238,216 $4,035 4.17%
    45% 220 $48,060,000 $218,455 $4,472 4.16%
    48% 216 $55,860,000 $258,611 $5,061 4.21%
    43% 215 $47,265,000 $219,837 $3,783 4.05%
    46% 214 $54,770,000 $255,935 $4,044 4.20%
    37% 213 $48,105,000 $225,845 $3,984 4.00%
    36% 209 $46,835,000 $224,091 $3,752 4.12%
    41% 208 $48,730,000 $234,279 $4,143 4.25%
    42% 207 $51,675,000 $249,638 $4,099 4.09%
    47% 205 $50,505,000 $246,366 $4,946 4.31%
    39% 200 $39,550,000 $197,750 $3,426 4.22%
    49% 197 $40,625,000 $206,218 $3,766 4.29%

    Security Service lent most frequently to those with DTI ratios of 50-60%, with 1,343 originations. The next most common DTI ratio? 20-30%, with 1,336 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,455 $1,535,235,000 $237,837 $4,165 4.11%
    Not provided 864 $197,660,000 $228,773 $3,773 4.01%
    Asian 247 $68,155,000 $275,931 $4,723 4.07%
    Black 235 $52,485,000 $223,340 $4,234 4.11%
    Not applicable 8 $34,660,000 $4,332,500 $0 5.44%
    American Indian 114 $21,170,000 $185,702 $3,241 4.18%
    Native Hawaiian or Islander 52 $11,140,000 $214,231 $3,491 4.01%

    Approval Rates

    Total approvals of all applications
    82.19%

    Security Service has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.53%

    Security Service has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 7,975 $1,920,505,000 $240,816

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    7,975 $1,920,505,000 $240,816

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2,188 $357,840,000 $163,547 $2,319 4.07%
    40-60% 1,305 $348,435,000 $267,000 $3,441 3.83%
    60-80% 1,663 $667,445,000 $401,350 $5,541 3.90%
    80-100% 928 $389,830,000 $420,075 $6,000 4.21%
    Under 20% 1,891 $156,955,000 $83,001 $1,719 4.42%

    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%