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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 4.67% | 4/21/24 |
| 30 Year Conventional Purchase | 6.43% | 4/21/24 |
| 30 Year Conventional Refi | 6.21% | 4/21/24 |
| 30 Year Cash-out Refi | 6.42% | 4/21/24 |
| 30 Year FHA Purchase | 6.27% | 4/21/24 |
| 30 Year VA Purchase | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 6.12% | 4/21/24 |
| 15 Year Conventional Refi | 5.84% | 4/21/24 |
| 15 Year Cash-out Refi | 5.84% | 4/21/24 |
| 15 Year FHA Purchase | 5.68% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,482Origination Dollar Volume (All Markets)
$717,220,000Awards
SECURITY SERVICE - 2018
SECURITY SERVICE is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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% |
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.
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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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications76.41%
Security Service has a below average approval rate.
Pick Rate
Approvals leading to origination86.57%
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
LTV Distribution
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% |