Security Service Mortgage Rates, Fees & Info

San Antonio, TX

LEI: 5493008N1D96CHCTQC27

Tax ID: 74-1277697

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

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  • SimulatedRates™
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    • 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 Service is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Security Service has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Mcallen, Denver, Colorado Springs, and Salt Lake City among others. We have data for 64 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 a low 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% 12/16/24
    30 Year Conventional Purchase 6.43% 12/16/24
    30 Year Conventional Refi 6.21% 12/16/24
    30 Year Cash-out Refi 6.42% 12/16/24
    30 Year FHA Purchase 6.27% 12/16/24
    30 Year VA Purchase 6.27% 12/16/24
    15 Year Conventional Purchase 6.12% 12/16/24
    15 Year Conventional Refi 5.84% 12/16/24
    15 Year Cash-out Refi 5.84% 12/16/24
    15 Year FHA Purchase 5.68% 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 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

    4,482

    Origination Dollar Volume (All Markets)

    $717,220,000
    Show all (34) 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
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2,185 $335,195,000 $153,407 $2,586 4.69%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 367 $46,865,000 $127,698 $2,627 4.69%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 253 $40,375,000 $159,585 $1,790 5.47%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 221 $31,925,000 $144,457 $1,906 5.20%
    SALT LAKE CITY, UT (FHA|USDA|VA) 135 $27,115,000 $200,852 $2,086 5.25%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 36 $23,540,000 $653,889 $3,005 4.86%
    PROVO-OREM, UT (FHA|USDA|VA) 130 $21,860,000 $168,154 $1,848 5.21%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 175 $20,295,000 $115,971 $2,489 4.58%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 70 $17,130,000 $244,714 $4,296 4.68%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 119 $16,755,000 $140,798 $2,721 4.69%
    Outside of Metro Areas 92 $16,750,000 $182,065 $2,620 4.88%
    Heber, UT (FHA|USDA|VA) 16 $16,520,000 $1,032,500 $10,101 4.50%
    GREELEY, CO (FHA|USDA|VA) 83 $14,765,000 $177,892 $2,116 5.32%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 44 $11,400,000 $259,091 $3,462 5.17%
    FORT COLLINS, CO (FHA|USDA|VA) 73 $10,485,000 $143,630 $1,901 5.37%
    EL PASO, TX (FHA|USDA|VA) 90 $9,040,000 $100,444 $2,130 4.49%
    PUEBLO, CO (FHA|USDA|VA) 93 $8,575,000 $92,204 $1,767 5.19%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 33 $7,505,000 $227,424 $3,569 4.57%
    ST. GEORGE, UT (FHA|USDA|VA) 41 $6,465,000 $157,683 $1,727 5.00%
    Uvalde, TX (FHA|USDA|VA) 39 $4,905,000 $125,769 $2,466 4.73%
    BOULDER, CO (FHA|USDA|VA) 18 $2,890,000 $160,556 $2,134 5.23%
    Eagle Pass, TX (FHA|USDA|VA) 19 $2,515,000 $132,368 $2,523 4.57%
    GRAND JUNCTION, CO (FHA|USDA|VA) 10 $2,110,000 $211,000 $1,778 5.27%
    Rio Grande City-Roma, TX (FHA|USDA|VA) 13 $2,015,000 $155,000 $3,322 4.83%
    Kerrville, TX (FHA|USDA|VA) 13 $1,895,000 $145,769 $2,096 4.59%
    LOGAN, UT-ID (FHA|USDA|VA) 1 $1,835,000 $1,835,000 $6,983 4.00%
    LAREDO, TX (FHA|USDA|VA) 15 $1,385,000 $92,333 $2,152 4.63%
    Fredericksburg, TX (FHA|USDA|VA) 5 $1,305,000 $261,000 $3,717 4.28%
    Pearsall, TX (FHA|USDA|VA) 3 $1,245,000 $415,000 $4,985 4.38%
    Del Rio, TX (FHA|USDA|VA) 7 $1,145,000 $163,571 $3,357 4.38%
    TYLER, TX (FHA|USDA|VA) 5 $1,145,000 $229,000 $2,840 4.03%
    Rockport, TX (FHA|USDA|VA) 7 $975,000 $139,286 $2,746 4.79%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 7 $895,000 $127,857 $2,475 4.70%
    Kingsville, TX (FHA|USDA|VA) 7 $785,000 $112,143 $2,414 4.21%
    VICTORIA, TX (FHA|USDA|VA) 5 $705,000 $141,000 $2,726 4.65%
    Cañon City, CO (FHA|USDA|VA) 8 $660,000 $82,500 $1,807 5.93%
    Alice, TX (FHA|USDA|VA) 2 $580,000 $290,000 $6,460 4.75%
    Cedar City, UT (FHA|USDA|VA) 2 $540,000 $270,000 $2,307 4.88%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $430,000 $215,000 $2,830 4.69%
    ODESSA, TX (FHA|USDA|VA) 2 $420,000 $210,000 $3,520 3.88%
    MIDLAND, TX (FHA|USDA|VA) 2 $350,000 $175,000 $2,714 4.69%
    Montrose, CO (FHA|USDA|VA) 2 $340,000 $170,000 $2,986 5.26%
    Athens, TX (FHA|USDA|VA) 1 $265,000 $265,000 $3,233 4.88%
    Vernal, UT (FHA|USDA|VA) 2 $240,000 $120,000 $2,762 5.81%
    Beeville, TX (FHA|USDA|VA) 1 $235,000 $235,000 $5,487 4.38%
    Fort Morgan, CO (FHA|USDA|VA) 3 $225,000 $75,000 $1,506 5.13%
    LUBBOCK, TX (FHA|USDA|VA) 3 $225,000 $75,000 $1,860 5.34%
    Steamboat Springs, CO (FHA|USDA|VA) 2 $210,000 $105,000 $1,684 5.38%
    Nacogdoches, TX (FHA|USDA|VA) 2 $210,000 $105,000 $1,586 5.06%
    Glenwood Springs, CO (FHA|USDA|VA) 2 $190,000 $95,000 $1,862 6.49%
    Raymondville, TX (FHA|USDA|VA) 2 $180,000 $90,000 $2,538 4.63%
    Port Lavaca, TX (FHA|USDA|VA) 1 $165,000 $165,000 $2,999 4.75%
    Granbury, TX (FHA|USDA|VA) 1 $155,000 $155,000 $2,986 4.88%
    Sterling, CO (FHA|USDA|VA) 2 $150,000 $75,000 $1,428 4.31%
    Andrews, TX (FHA|USDA|VA) 1 $145,000 $145,000 $2,507 4.88%
    Craig, CO (FHA|USDA|VA) 1 $145,000 $145,000 $3,443 4.38%
    Zapata, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,282 4.50%
    Edwards, CO (FHA|USDA|VA) 1 $135,000 $135,000 $3,372 4.25%
    Pampa, TX (FHA|USDA|VA) 1 $105,000 $105,000 $2,652 4.88%
    LONGVIEW, TX (FHA|USDA|VA) 1 $105,000 $105,000 $1,999 4.38%
    Corsicana, TX (FHA|USDA|VA) 1 $105,000 $105,000 $2,210 5.13%
    Lamesa, TX (FHA|USDA|VA) 1 $95,000 $95,000 $2,464 5.38%
    Brownwood, TX (FHA|USDA|VA) 1 $85,000 $85,000 $1,744 5.13%
    Big Spring, TX (FHA|USDA|VA) 1 $75,000 $75,000 $2,783 5.00%
    Security Service's top markets include San Antonio, Mcallen, Denver, Colorado Springs, and Salt Lake City among others.

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

    COMMUNITY DEVELOPMENT CORP OF BROWNSVILLE
    Similarity Rank: 24
    EVOLVE
    Similarity Rank: 48
    GECU
    Similarity Rank: 92
    NEIGHBORHOOD
    Similarity Rank: 200
    PATRIOT MORTGAGE COMPANY
    Similarity Rank: 242
    State Bank of Southern Utah
    Similarity Rank: 256
    CORNERSTONE MORTGAGE PROVIDERS
    Similarity Rank: 291
    Jordan Federal Credit Union
    Similarity Rank: 294
    Citizens Bank of Las Cruces
    Similarity Rank: 294
    FirstLight Federal Credit Union
    Similarity Rank: 296

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,482 $717,220,000 $160,022 $2,492 4.83%

    For 2018, Security Service's most frequently originated type of loan was Conventional, with 4,482 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,660 $376,430,000 $226,765 $3,289 4.63%
    Cash Out Refi 1,395 $201,195,000 $144,226 $2,179 4.80%
    Other 588 $38,800,000 $65,986 $1,639 5.62%
    Refi 472 $74,310,000 $157,436 $2,292 4.27%
    Home Improvement 367 $26,485,000 $72,166 $1,699 5.32%

    For 2018, Security Service's most frequently cited loan purpose was Home Purchase, with 1,660 originations. The 2nd most popular reason was Cash Out Refi, with 1,395 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,948 $454,040,000 $233,080 $3,171 4.67%
    15 Year 1,757 $175,645,000 $99,969 $2,020 4.78%
    10 Year 418 $33,830,000 $80,933 $1,597 5.42%
    20 Year 344 $44,910,000 $130,552 $2,183 5.21%
    5 Year 13 $435,000 $33,462 $1,334 5.99%
    Other 2 $8,360,000 $4,180,000 $0 4.98%

    For 2018, Security Service's most frequently cited loan duration was 30 Year, with 1,948 originations. The 2nd most popular length was 15 Year, with 1,757 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 4,220 $619,900,000 $146,896
    $1k-2k 114 $17,730,000 $155,526
    $2k-3k 71 $17,755,000 $250,070
    $3k-4k 34 $11,620,000 $341,765
    $5k+ 30 $28,350,000 $945,000
    $4k-5k 8 $4,170,000 $521,250

    Security Service's average total fees were $3,171, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,220 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 2,374 $398,180,000 $167,725
    3-4% 781 $178,695,000 $228,803
    5-6% 658 $100,840,000 $153,252
    6-7% 632 $35,920,000 $56,835
    7-8% 26 $810,000 $31,154
    2.5-3% 11 $2,775,000 $252,273

    During 2018, Security Service's average interest rate for loans was 4.67%, while their most frequently originated rate bucket for loans was 4-5%, with 2,374 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,943 $118,485,000 $60,980 $1,651 5.13%
    $100k-200k 1,507 $216,795,000 $143,859 $2,597 4.67%
    $200k-400k 825 $222,335,000 $269,497 $3,343 4.56%
    $400k-600k 116 $55,290,000 $476,638 $4,751 4.26%
    $600k-1MM 54 $40,040,000 $741,481 $6,115 4.07%
    $1MM+ 37 $64,275,000 $1,737,162 $11,814 4.36%

    2018 saw Security Service place emphasis on $100,000 or less loans with 1,943 originations, totaling $118,485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,153 $133,615,000 $115,885 $2,209 4.89%
    $100k-150k 954 $153,230,000 $160,618 $2,540 4.94%
    $50k or less 919 $85,175,000 $92,682 $1,993 4.71%
    $75k-100k 849 $121,255,000 $142,821 $2,408 4.89%
    $150k-250k 413 $108,885,000 $263,644 $3,314 4.73%
    $250k+ 165 $89,285,000 $541,121 $5,231 4.52%

    Security Service lent most frequently to those with incomes in the $50k-75k range, with 1,153 originations. The second most popular income band? $100k-150k, with 954 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 734 $113,920,000 $155,204 $2,575 4.61%
    50-60% 718 $97,300,000 $135,515 $2,234 5.10%
    30-36% 628 $100,640,000 $160,255 $2,607 4.75%
    <20% 242 $46,160,000 $190,744 $2,814 4.34%
    45% 161 $28,565,000 $177,422 $2,648 4.98%
    46% 160 $20,270,000 $126,688 $2,208 4.94%
    47% 156 $24,350,000 $156,090 $2,476 4.98%
    43% 156 $26,480,000 $169,744 $2,690 4.85%
    42% 151 $27,645,000 $183,079 $2,692 4.75%
    40% 151 $24,755,000 $163,940 $2,422 4.80%
    41% 149 $24,655,000 $165,470 $2,497 4.90%
    >60% 146 $23,000,000 $157,534 $2,229 4.85%
    44% 145 $22,485,000 $155,069 $2,443 4.93%
    38% 143 $21,485,000 $150,245 $2,466 4.88%
    36% 141 $20,695,000 $146,773 $2,508 4.85%
    49% 136 $19,160,000 $140,882 $2,344 4.94%
    39% 133 $25,245,000 $189,812 $2,781 4.91%
    37% 114 $19,130,000 $167,807 $2,595 4.82%
    48% 113 $13,585,000 $120,221 $2,164 5.08%

    Security Service lent most frequently to those with DTI ratios of 20-30%, with 734 originations. The next most common DTI ratio? 50-60%, with 718 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,650 $579,240,000 $158,696 $2,519 4.84%
    Not provided 610 $86,710,000 $142,148 $2,350 4.82%
    Not applicable 5 $17,695,000 $3,539,000 $0 4.93%
    Asian 87 $16,045,000 $184,425 $2,827 4.59%
    Black 82 $10,770,000 $131,341 $2,279 4.88%
    American Indian 35 $4,945,000 $141,286 $2,065 4.85%
    Native Hawaiian or Islander 13 $1,815,000 $139,615 $1,887 5.12%

    Approval Rates

    Total approvals of all applications
    76.41%

    Security Service has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.57%

    Security Service has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 4,482 $717,220,000 $160,022

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $17,365,000 $5,788,333
    Single Family (1-4 Units):Manufactured 1 $75,000 $75,000
    Single Family (1-4 Units):Site-Built 4,478 $699,780,000 $156,271

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 611 $52,295,000 $85,589 $1,731 5.09%
    40-60% 677 $86,515,000 $127,792 $2,313 4.42%
    60-80% 1,532 $316,570,000 $206,638 $2,887 4.54%
    80-100% 1,080 $234,990,000 $217,583 $3,112 4.69%
    Over 100% 1 $315,000 $315,000 $3,581 3.25%
    Under 20% 581 $26,535,000 $45,671 $1,307 6.08%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Security National Financial Corp Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    Security National Financial Corp Conventional home mortgage Trouble during payment process 3 60.0%
    Security National Financial Corp VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%