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 Cash Out Refi, Home Purchase, and Refi loans. Security Service has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Denver, Salt Lake City, Mcallen, and Colorado Springs among others. We have data for 63 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

    4,885

    Origination Dollar Volume (All Markets)

    $917,915,000
    Show all (25) 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) 2,233 $378,985,000 $169,720 $2,777 4.16%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 280 $68,960,000 $246,286 $2,360 4.70%
    SALT LAKE CITY, UT (FHA|USDA|VA) 146 $53,130,000 $363,904 $2,918 4.68%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 385 $52,315,000 $135,883 $2,758 4.23%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 291 $50,525,000 $173,625 $2,153 4.65%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 96 $33,420,000 $348,125 $6,318 4.33%
    PROVO-OREM, UT (FHA|USDA|VA) 147 $32,255,000 $219,422 $2,577 4.54%
    Heber, UT (FHA|USDA|VA) 32 $32,120,000 $1,003,750 $11,654 4.44%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 201 $25,705,000 $127,886 $2,701 4.19%
    GREELEY, CO (FHA|USDA|VA) 111 $23,135,000 $208,423 $2,258 4.44%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 107 $21,765,000 $203,411 $3,087 4.12%
    Outside of Metro Areas 96 $20,580,000 $214,375 $3,378 4.21%
    PUEBLO, CO (FHA|USDA|VA) 165 $19,135,000 $115,970 $1,988 4.60%
    FORT COLLINS, CO (FHA|USDA|VA) 73 $16,915,000 $231,712 $2,202 4.47%
    EL PASO, TX (FHA|USDA|VA) 116 $13,070,000 $112,672 $2,206 4.20%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 47 $12,515,000 $266,277 $4,436 4.12%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 41 $9,015,000 $219,878 $2,071 4.76%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 40 $8,360,000 $209,000 $3,253 3.87%
    ST. GEORGE, UT (FHA|USDA|VA) 41 $8,065,000 $196,707 $2,419 4.49%
    Uvalde, TX (FHA|USDA|VA) 42 $6,230,000 $148,333 $2,568 4.12%
    Kerrville, TX (FHA|USDA|VA) 15 $3,425,000 $228,333 $2,942 4.62%
    BOULDER, CO (FHA|USDA|VA) 17 $2,945,000 $173,235 $2,419 4.72%
    LAREDO, TX (FHA|USDA|VA) 21 $2,515,000 $119,762 $2,383 4.12%
    Kalispell, MT (FHA|USDA|VA) 2 $2,190,000 $1,095,000 $3,797 2.75%
    Cañon City, CO (FHA|USDA|VA) 22 $2,140,000 $97,273 $1,737 5.53%
    Eagle Pass, TX (FHA|USDA|VA) 11 $1,475,000 $134,091 $2,831 4.03%
    Fredericksburg, TX (FHA|USDA|VA) 7 $1,445,000 $206,429 $4,482 4.41%
    Del Rio, TX (FHA|USDA|VA) 11 $1,265,000 $115,000 $2,278 4.20%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 6 $1,100,000 $183,333 $4,002 3.83%
    GRAND JUNCTION, CO (FHA|USDA|VA) 6 $1,070,000 $178,333 $1,972 4.52%
    Pearsall, TX (FHA|USDA|VA) 7 $1,015,000 $145,000 $2,688 4.38%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 6 $820,000 $136,667 $2,764 3.94%
    Port Lavaca, TX (FHA|USDA|VA) 2 $740,000 $370,000 $4,390 3.56%
    Glenwood Springs, CO (FHA|USDA|VA) 2 $700,000 $350,000 $2,070 5.06%
    Breckenridge, CO (FHA|USDA|VA) 2 $660,000 $330,000 $1,955 3.81%
    Cedar City, UT (FHA|USDA|VA) 2 $660,000 $330,000 $2,083 4.06%
    Granbury, TX (FHA|USDA|VA) 3 $595,000 $198,333 $3,071 3.50%
    SAN ANGELO, TX (FHA|USDA|VA) 4 $530,000 $132,500 $2,222 4.22%
    Huntsville, TX (FHA|USDA|VA) 2 $480,000 $240,000 $3,104 3.75%
    Fort Morgan, CO (FHA|USDA|VA) 3 $465,000 $155,000 $1,868 5.00%
    Raymondville, TX (FHA|USDA|VA) 6 $460,000 $76,667 $2,301 4.06%
    Rio Grande City-Roma, TX (FHA|USDA|VA) 4 $440,000 $110,000 $2,315 4.50%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 3 $415,000 $138,333 $2,265 4.42%
    LUBBOCK, TX (FHA|USDA|VA) 3 $415,000 $138,333 $2,946 4.08%
    Rockport, TX (FHA|USDA|VA) 4 $410,000 $102,500 $1,860 4.06%
    VICTORIA, TX (FHA|USDA|VA) 2 $350,000 $175,000 $2,702 4.00%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $320,000 $160,000 $1,197 3.31%
    TEXARKANA, TX-AR (FHA|USDA|VA) 1 $315,000 $315,000 $4,109 4.00%
    WACO, TX (FHA|USDA|VA) 1 $295,000 $295,000 $3,180 5.13%
    Brownwood, TX (FHA|USDA|VA) 2 $260,000 $130,000 $3,261 3.75%
    AMARILLO, TX (FHA|USDA|VA) 2 $260,000 $130,000 $1,980 5.00%
    Alice, TX (FHA|USDA|VA) 2 $240,000 $120,000 $2,142 4.06%
    Bay City, TX (FHA|USDA|VA) 2 $200,000 $100,000 $2,027 4.88%
    ABILENE, TX (FHA|USDA|VA) 1 $195,000 $195,000 $2,628 3.88%
    Zapata, TX (FHA|USDA|VA) 1 $175,000 $175,000 $3,194 4.75%
    Sulphur Springs, TX (FHA|USDA|VA) 1 $155,000 $155,000 $4,996 4.38%
    Montrose, CO (FHA|USDA|VA) 1 $125,000 $125,000 $2,022 4.63%
    Beeville, TX (FHA|USDA|VA) 1 $105,000 $105,000 $2,887 4.13%
    Sterling, CO (FHA|USDA|VA) 1 $105,000 $105,000 $2,064 4.25%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $95,000 $95,000 $3,240 2.75%
    TYLER, TX (FHA|USDA|VA) 1 $55,000 $55,000 $1,430 4.63%
    Paris, TX (FHA|USDA|VA) 1 $55,000 $55,000 $1,377 5.87%
    Edwards, CO (FHA|USDA|VA) 1 $35,000 $35,000 $1,331 6.99%
    Security Service's top markets include San Antonio, Denver, Salt Lake City, Mcallen, and Colorado Springs among others.

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

    GECU
    Similarity Rank: 72
    EVOLVE
    Similarity Rank: 91
    State Bank of Southern Utah
    Similarity Rank: 189
    Jordan Federal Credit Union
    Similarity Rank: 245
    ARAPAHOE CREDIT UNION
    Similarity Rank: 256
    EL PASO AREA TEACHERS
    Similarity Rank: 270
    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 329
    Extraco Banks
    Similarity Rank: 330
    SunWest Credit Union
    Similarity Rank: 330
    PATRIOT MORTGAGE COMPANY
    Similarity Rank: 346

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,885 $917,915,000 $187,905 $2,795 4.30%

    For 2019, Security Service's most frequently originated type of loan was Conventional, with 4,885 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 1,678 $268,950,000 $160,280 $2,215 4.33%
    Home Purchase 1,580 $381,880,000 $241,696 $3,898 4.17%
    Refi 905 $213,415,000 $235,818 $2,827 3.62%
    Other 453 $33,715,000 $74,426 $1,685 5.56%
    Home Improvement 269 $19,955,000 $74,182 $1,698 5.10%

    For 2019, Security Service's most frequently cited loan purpose was Cash Out Refi, with 1,678 originations. The 2nd most popular reason was Home Purchase, with 1,580 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,318 $578,140,000 $249,413 $3,429 4.21%
    15 Year 1,681 $236,725,000 $140,824 $2,436 3.98%
    10 Year 479 $31,005,000 $64,729 $1,637 5.24%
    20 Year 406 $54,940,000 $135,320 $2,030 5.09%
    Other 1 $17,105,000 $17,105,000 $0 4.56%

    For 2019, Security Service's most frequently cited loan duration was 30 Year, with 2,318 originations. The 2nd most popular length was 15 Year, with 1,681 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 4,245 $696,325,000 $164,034
    $1k-2k 247 $39,185,000 $158,644
    $2k-3k 205 $51,115,000 $249,341
    $5k+ 80 $70,520,000 $881,500
    $3k-4k 71 $26,145,000 $368,239
    $4k-5k 34 $15,410,000 $453,235

    Security Service's average total fees were $3,429, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,245 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 2,006 $395,950,000 $197,383
    3-4% 1,856 $369,530,000 $199,100
    6-7% 355 $22,345,000 $62,944
    5-6% 324 $47,110,000 $145,401
    2.5-3% 253 $71,895,000 $284,170
    7-8% 67 $2,475,000 $36,940
    <2.5% 24 $8,610,000 $358,750

    During 2019, Security Service's average interest rate for loans was 4.21%, while their most frequently originated rate bucket for loans was 4-5%, with 2,006 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,758 $254,400,000 $144,710 $2,574 4.19%
    $100,000 or less 1,600 $104,490,000 $65,306 $1,672 4.78%
    $200k-400k 1,189 $319,565,000 $268,768 $3,368 3.95%
    $400k-600k 211 $101,505,000 $481,066 $5,232 3.81%
    $600k-1MM 87 $64,045,000 $736,149 $8,985 3.87%
    $1MM+ 40 $73,910,000 $1,847,750 $14,712 3.93%

    2019 saw Security Service place emphasis on $100k-200k loans with 1,758 originations, totaling $254,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,180 $157,870,000 $133,788 $2,330 4.39%
    $100k-150k 1,083 $210,815,000 $194,658 $2,855 4.34%
    $50k or less 930 $113,220,000 $121,742 $2,042 4.22%
    $75k-100k 928 $151,280,000 $163,017 $2,569 4.32%
    $150k-250k 558 $151,850,000 $272,133 $3,726 4.26%
    $250k+ 204 $113,910,000 $558,382 $7,083 4.00%

    Security Service lent most frequently to those with incomes in the $50k-75k range, with 1,180 originations. The second most popular income band? $100k-150k, with 1,083 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 813 $155,115,000 $190,793 $2,959 4.09%
    30-36% 788 $146,050,000 $185,343 $2,964 4.23%
    50-60% 646 $100,880,000 $156,161 $2,400 4.64%
    <20% 344 $81,140,000 $235,872 $2,878 3.72%
    >60% 209 $34,905,000 $167,010 $2,284 4.42%
    44% 189 $32,355,000 $171,190 $2,663 4.46%
    45% 168 $29,030,000 $172,798 $2,774 4.55%
    39% 155 $27,685,000 $178,613 $2,743 4.44%
    43% 154 $27,140,000 $176,234 $2,693 4.43%
    46% 154 $27,060,000 $175,714 $2,740 4.37%
    38% 152 $25,800,000 $169,737 $2,760 4.26%
    40% 151 $28,825,000 $190,894 $2,844 4.26%
    47% 151 $25,185,000 $166,788 $2,704 4.52%
    42% 148 $31,520,000 $212,973 $3,137 4.22%
    41% 137 $24,715,000 $180,401 $2,791 4.28%
    49% 135 $25,215,000 $186,778 $2,829 4.58%
    37% 132 $24,640,000 $186,667 $2,928 4.28%
    48% 129 $26,815,000 $207,868 $3,254 4.52%
    36% 128 $24,870,000 $194,297 $2,871 4.29%

    Security Service lent most frequently to those with DTI ratios of 20-30%, with 813 originations. The next most common DTI ratio? 30-36%, with 788 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,745 $697,245,000 $186,180 $2,830 4.31%
    Not provided 860 $150,180,000 $174,628 $2,623 4.27%
    Asian 136 $27,610,000 $203,015 $3,078 4.07%
    Not applicable 2 $18,970,000 $9,485,000 $0 4.90%
    Black 92 $16,600,000 $180,435 $2,759 4.42%
    American Indian 37 $5,425,000 $146,622 $2,452 4.40%
    Native Hawaiian or Islander 13 $1,885,000 $145,000 $2,557 4.56%

    Approval Rates

    Total approvals of all applications
    79.57%

    Security Service has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.24%

    Security Service has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 4,885 $917,915,000 $187,905

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $18,970,000 $9,485,000
    Single Family (1-4 Units):Site-Built 4,883 $898,945,000 $184,097

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 602 $59,480,000 $98,804 $1,854 4.67%
    40-60% 857 $119,395,000 $139,317 $2,374 3.91%
    60-80% 1,832 $416,410,000 $227,298 $3,116 4.07%
    80-100% 1,229 $303,305,000 $246,790 $3,500 4.17%
    Under 20% 365 $19,325,000 $52,945 $1,352 6.24%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Security National Financial Corp FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    Security National Financial Corp Other type of mortgage Trouble during payment process 1 33.3%
    Security National Financial Corp VA mortgage Closing on a mortgage 1 33.3%