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 Refi, 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, Denver, Heber, Colorado Springs, and Austin among others. We have data for 84 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
9,249Origination Dollar Volume (All Markets)
$1,985,035,000Awards
SECURITY SERVICE - 2020
SECURITY SERVICE is a 2020 , due to their low .
For 2020, 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) | 4,211 | $826,665,000 | $196,311 | $2,969 | 3.33% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 620 | $154,430,000 | $249,081 | $3,068 | 3.50% |
| Heber, UT (FHA|USDA|VA) | 99 | $107,095,000 | $1,081,768 | $12,609 | 3.46% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 508 | $104,620,000 | $205,945 | $2,612 | 3.52% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 247 | $92,945,000 | $376,296 | $5,513 | 3.34% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 539 | $82,235,000 | $152,570 | $2,797 | 3.35% |
| PROVO-OREM, UT (FHA|USDA|VA) | 358 | $78,550,000 | $219,413 | $3,233 | 3.45% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 323 | $75,465,000 | $233,638 | $3,460 | 3.52% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 149 | $44,955,000 | $301,711 | $3,879 | 3.11% |
| GREELEY, CO (FHA|USDA|VA) | 203 | $43,195,000 | $212,783 | $2,487 | 3.50% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 287 | $42,655,000 | $148,624 | $2,796 | 3.39% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 157 | $42,655,000 | $271,688 | $3,777 | 3.10% |
| Outside of Metro Areas | 144 | $36,200,000 | $251,389 | $3,817 | 3.42% |
| FORT COLLINS, CO (FHA|USDA|VA) | 162 | $34,640,000 | $213,827 | $2,813 | 3.37% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 183 | $31,725,000 | $173,361 | $2,966 | 3.35% |
| PUEBLO, CO (FHA|USDA|VA) | 207 | $27,975,000 | $135,145 | $2,225 | 3.59% |
| ST. GEORGE, UT (FHA|USDA|VA) | 115 | $21,825,000 | $189,783 | $2,992 | 3.57% |
| EL PASO, TX (FHA|USDA|VA) | 165 | $19,515,000 | $118,273 | $2,247 | 3.33% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 88 | $17,790,000 | $202,159 | $2,945 | 3.45% |
| BOULDER, CO (FHA|USDA|VA) | 51 | $13,025,000 | $255,392 | $3,049 | 3.35% |
| Uvalde, TX (FHA|USDA|VA) | 52 | $9,000,000 | $173,077 | $3,069 | 3.31% |
| LAREDO, TX (FHA|USDA|VA) | 37 | $5,345,000 | $144,459 | $2,709 | 3.18% |
| Kerrville, TX (FHA|USDA|VA) | 19 | $4,445,000 | $233,947 | $4,015 | 3.34% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 20 | $4,150,000 | $207,500 | $2,539 | 3.71% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 7 | $3,835,000 | $547,857 | $6,605 | 3.07% |
| Del Rio, TX (FHA|USDA|VA) | 25 | $3,555,000 | $142,200 | $2,981 | 3.42% |
| Glenwood Springs, CO (FHA|USDA|VA) | 10 | $3,500,000 | $350,000 | $3,815 | 3.20% |
| LUBBOCK, TX (FHA|USDA|VA) | 7 | $3,395,000 | $485,000 | $3,387 | 3.21% |
| Rockport, TX (FHA|USDA|VA) | 19 | $3,305,000 | $173,947 | $2,726 | 3.39% |
| Eagle Pass, TX (FHA|USDA|VA) | 26 | $3,180,000 | $122,308 | $2,636 | 3.32% |
| Fredericksburg, TX (FHA|USDA|VA) | 12 | $3,110,000 | $259,167 | $4,719 | 3.44% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 13 | $3,075,000 | $236,538 | $3,154 | 3.26% |
| Cañon City, CO (FHA|USDA|VA) | 16 | $2,570,000 | $160,625 | $2,731 | 3.51% |
| MIDLAND, TX (FHA|USDA|VA) | 13 | $2,475,000 | $190,385 | $2,754 | 3.38% |
| Edwards, CO (FHA|USDA|VA) | 6 | $2,260,000 | $376,667 | $3,444 | 3.31% |
| Alice, TX (FHA|USDA|VA) | 14 | $2,010,000 | $143,571 | $2,752 | 3.28% |
| Rio Grande City-Roma, TX (FHA|USDA|VA) | 14 | $1,810,000 | $129,286 | $2,969 | 3.44% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $1,785,000 | $1,785,000 | $2,706 | 2.00% |
| Durango, CO (FHA|USDA|VA) | 5 | $1,655,000 | $331,000 | $3,355 | 2.73% |
| LOGAN, UT-ID (FHA|USDA|VA) | 8 | $1,550,000 | $193,750 | $2,285 | 3.26% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $1,480,000 | $740,000 | $2,616 | 2.94% |
| Steamboat Springs, CO (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $3,929 | 2.84% |
| Kingsville, TX (FHA|USDA|VA) | 8 | $1,240,000 | $155,000 | $2,702 | 3.42% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 14 | $1,210,000 | $86,429 | $1,787 | 3.35% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $10,931 | 3.00% |
| Montrose, CO (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $3,567 | 2.81% |
| Breckenridge, CO (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $6,664 | 3.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $2,294 | 2.91% |
| VICTORIA, TX (FHA|USDA|VA) | 5 | $815,000 | $163,000 | $3,030 | 3.13% |
| Shelton, WA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $2,666 | 4.56% |
| Raymondville, TX (FHA|USDA|VA) | 6 | $660,000 | $110,000 | $2,607 | 3.58% |
| Price, UT (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $3,126 | 2.91% |
| Huntsville, TX (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $3,356 | 3.00% |
| Port Lavaca, TX (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $5,417 | 3.19% |
| Pearsall, TX (FHA|USDA|VA) | 6 | $520,000 | $86,667 | $1,957 | 3.27% |
| SANTA FE, NM (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,580 | 4.20% |
| Athens, TX (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,190 | 3.25% |
| SAN ANGELO, TX (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $1,838 | 4.09% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $8,318 | 2.50% |
| Beeville, TX (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $2,218 | 3.33% |
| Laramie, WY (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,773 | 3.25% |
| Granbury, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,521 | 2.81% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $1,998 | 3.63% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $1,524 | 2.25% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,801 | 2.75% |
| TYLER, TX (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,066 | 3.31% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,027 | 2.88% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,187 | 3.50% |
| WACO, TX (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $1,670 | 2.88% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,618 | 4.13% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,735 | 3.25% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,586 | 3.38% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,605 | 2.63% |
| Craig, CO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,892 | 2.88% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,422 | 3.88% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,128 | 3.00% |
| Brenham, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,505 | 2.88% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,988 | 3.38% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,486 | 3.63% |
| Palestine, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,767 | 4.25% |
| Zapata, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,538 | 2.88% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,215 | 3.63% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,024 | 2.50% |
| Vernal, UT (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.49% |
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 | 8,081 | $1,851,035,000 | $229,060 | $3,144 | 3.36% |
| HELOC | 1,168 | $134,000,000 | $114,726 | n/a | 3.49% |
For 2020, Security Service's most frequently originated type of loan was Conventional, with 8,081 originations. Their 2nd most popular type was HELOC, with 1,168 originations.
Loan Reason
For 2020, Security Service's most frequently cited loan purpose was Refi, with 3,376 originations. The 2nd most popular reason was Cash Out Refi, with 2,860 originations.
Loan Duration/Length
For 2020, Security Service's most frequently cited loan duration was 30 Year, with 3,721 originations. The 2nd most popular length was 15 Year, with 3,106 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 8,078 | $1,846,350,000 | $228,565 |
Security Service's average total fees were $3,865, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 8,078 originations.
Interest Rates
During 2020, Security Service's average interest rate for loans was 3.44%, while their most frequently originated rate bucket for loans was 3-4%, with 5,689 originations.
Loan Sizing
2020 saw Security Service place emphasis on $100k-200k loans with 3,504 originations, totaling $512,800,000 in origination value.
Applicant Income
Security Service lent most frequently to those with incomes in the $100k-150k range, with 2,213 originations. The second most popular income band? $50k-75k, with 1,899 originations.
Applicant Debt to Income Ratio
Security Service lent most frequently to those with DTI ratios of 20-30%, with 1,999 originations. The next most common DTI ratio? 30-36%, with 1,497 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.16%
Security Service has an average approval rate.
Pick Rate
Approvals leading to origination80.25%
Security Service has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 9,249 | $1,985,035,000 | $214,622 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 3 | $4,685,000 | $1,561,667 |
| Single Family (1-4 Units):Site-Built | 9,246 | $1,980,350,000 | $214,185 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Security National Financial Corp | Conventional home mortgage | Closing on a mortgage | 2 | 33.3% |
| Security National Financial Corp | Conventional home mortgage | Trouble during payment process | 4 | 66.7% |