Security First Bank Mortgage Rates, Fees & Info

Lincoln, NE

LEI: 549300BZTITCLMZ3TL46

Tax ID: 47-0299375

5 stars - out of 5 stars, based on 21 reviews

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

Jump to:

Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Security First Bank is a smaller bank specializing in loans. Security First Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lincoln, Rapid City, Louisville/jefferson County, Shreveport, and Omaha among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Security First Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Security First Bank 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
    30 Year Conventional Purchase 6.53% 3/23/23
    30 Year Conventional Refi 6.54% 3/23/23
    30 Year Cash-out Refi 6.58% 3/23/23
    30 Year FHA Purchase 6.27% 3/23/23
    30 Year VA Purchase 5.56% 3/23/23
    30 Year USDA Purchase 6.27% 3/23/23
    15 Year Conventional Purchase 6.25% 3/23/23
    15 Year Conventional Refi 6.36% 3/23/23
    15 Year Cash-out Refi 6.36% 3/23/23
    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.


    Originations

    444

    Origination Dollar Volume (All Markets)

    $144,380,000
    Show all (9) awards

    Relative Rate

    Security First Bank's average 30 year fixed mortgage rate was 4.95%.

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

    This yields a difference of 0.19%.

    Relative Fees (Closing Costs)

    Security First Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $2,306.

    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
    LINCOLN, NE (FHA|USDA|VA) 173 $51,995,000 $300,549 $2,116 5.00%
    RAPID CITY, SD (FHA|USDA|VA) 46 $23,610,000 $513,261 $4,080 4.61%
    Outside of Metro Areas 115 $15,065,000 $131,000 $1,808 4.99%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $14,375,000 $14,375,000 $0 3.53%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $13,605,000 $13,605,000 $0 5.00%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 26 $6,400,000 $246,154 $2,419 5.42%
    Spearfish, SD (FHA|USDA|VA) 6 $4,230,000 $705,000 $0 4.92%
    Beatrice, NE (FHA|USDA|VA) 27 $4,005,000 $148,333 $2,028 4.92%
    Lexington, NE (FHA|USDA|VA) 25 $3,195,000 $127,800 $1,718 5.06%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $1,625,000 $1,625,000 $0 4.50%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $975,000 $975,000 $4,752 4.13%
    Durango, CO (FHA|USDA|VA) 1 $675,000 $675,000 $1,858 6.00%
    Gillette, WY (FHA|USDA|VA) 1 $645,000 $645,000 $2,396 5.75%
    Hastings, NE (FHA|USDA|VA) 3 $595,000 $198,333 $1,887 5.29%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $515,000 $515,000 $2,188 5.00%
    WICHITA, KS (FHA|USDA|VA) 2 $430,000 $215,000 $2,892 4.50%
    Spirit Lake, IA (FHA|USDA|VA) 1 $355,000 $355,000 $1,984 4.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $305,000 $305,000 $4,391 3.75%
    Bozeman, MT (FHA|USDA|VA) 1 $275,000 $275,000 $3,183 7.13%
    Kearney, NE (FHA|USDA|VA) 2 $270,000 $135,000 $1,821 4.19%
    MANHATTAN, KS (FHA|USDA|VA) 2 $270,000 $135,000 $2,200 5.25%
    Huron, SD (FHA|USDA|VA) 1 $255,000 $255,000 $2,909 6.25%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.25%
    GRAND ISLAND, NE (FHA|USDA|VA) 1 $195,000 $195,000 $2,333 2.38%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.30%
    Pierre, SD (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.00%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.00%
    Scottsbluff, NE (FHA|USDA|VA) 1 $25,000 $25,000 $1,547 5.75%
    Security First Bank's top markets include Lincoln, Rapid City, Louisville/jefferson County, Shreveport, and Omaha among others.

    Their top states include:
  • Nebraska (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Security First Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MUTUAL FIRST
    Similarity Rank: 242
    METRO CU
    Similarity Rank: 360
    Cobalt Credit Union
    Similarity Rank: 420
    U.S. HOME MORTGAGE, INC.
    Similarity Rank: 441
    First National Bank
    Similarity Rank: 451
    Central National Bank
    Similarity Rank: 624
    Five Points Bank
    Similarity Rank: 624
    Dacotah Bank
    Similarity Rank: 748

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 439 $142,565,000 $324,749 $2,080 4.99%
    VA 5 $1,815,000 $363,000 $4,760 3.63%

    For 2022, Security First Bank's most frequently originated type of loan was Conventional, with 439 originations. Their 2nd most popular type was VA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 319 $120,975,000 $379,232 $2,268 5.07%
    Refi 78 $15,490,000 $198,590 $1,713 4.71%
    Cash Out Refi 19 $3,775,000 $198,684 $2,347 3.83%
    Home Improvement 16 $3,190,000 $199,375 $1,205 5.31%
    Other 12 $950,000 $79,167 $1,244 5.41%

    For 2022, Security First Bank's most frequently cited loan purpose was Home Purchase, with 319 originations. The 2nd most popular reason was Refi, with 78 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 230 $51,740,000 $224,957 $2,306 4.95%
    Other 74 $39,400,000 $532,432 $583 4.88%
    15 Year 41 $4,475,000 $109,146 $1,686 4.63%
    5 Year 39 $23,635,000 $606,026 $0 5.30%
    1 Year 23 $6,665,000 $289,783 $1,650 5.68%
    10 Year 21 $16,655,000 $793,095 $1,019 4.54%
    20 Year 15 $1,525,000 $101,667 $1,356 5.35%
    3 Year 1 $285,000 $285,000 $0 7.00%

    For 2022, Security First Bank's most frequently cited loan duration was 30 Year, with 230 originations. The 2nd most popular length was Other, with 74 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 287 $56,995,000 $198,589
    $1k-2k 10 $3,540,000 $354,000
    $2k-3k 2 $310,000 $155,000
    $4k-5k 1 $645,000 $645,000
    $5k+ 1 $645,000 $645,000

    Security First Bank's average total fees were $2,306, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 287 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 145 $31,445,000 $216,862
    3-4% 109 $49,035,000 $449,862
    4-5% 108 $49,810,000 $461,204
    6-7% 57 $8,775,000 $153,947
    7-8% 12 $2,010,000 $167,500
    2.5-3% 9 $2,165,000 $240,556
    <2.5% 3 $835,000 $278,333
    Over 8% 1 $305,000 $305,000

    During 2022, Security First Bank's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 5-6%, with 145 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 145 $21,765,000 $150,103 $2,000 4.94%
    $200k-400k 136 $36,170,000 $265,956 $2,334 5.01%
    $100,000 or less 114 $6,930,000 $60,789 $1,442 5.18%
    $400k-600k 20 $9,140,000 $457,000 $2,887 4.72%
    $1MM+ 18 $62,600,000 $3,477,778 $2,707 4.37%
    $600k-1MM 11 $7,775,000 $706,818 $4,899 4.31%

    2022 saw Security First Bank place emphasis on $100k-200k loans with 145 originations, totaling $21,765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 81 $17,275,000 $213,272 $2,122 4.97%
    $50k-75k 74 $11,760,000 $158,919 $2,100 5.04%
    $50k or less 73 $8,455,000 $115,822 $1,781 5.13%
    $75k-100k 52 $8,870,000 $170,577 $2,006 5.01%
    $150k-250k 36 $10,040,000 $278,889 $2,151 5.06%
    $250k+ 26 $11,800,000 $453,846 $3,865 4.41%

    Security First Bank lent most frequently to those with incomes in the $100k-150k range, with 81 originations. The second most popular income band? $50k-75k, with 74 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 69 $13,695,000 $198,478 $2,037 4.95%
    20-30% 67 $11,675,000 $174,254 $1,940 4.90%
    <20% 29 $5,915,000 $203,966 $2,197 4.99%
    38% 18 $3,380,000 $187,778 $2,054 5.27%
    41% 15 $2,555,000 $170,333 $1,885 5.32%
    40% 14 $2,300,000 $164,286 $1,888 5.26%
    43% 12 $3,840,000 $320,000 $3,800 4.31%
    39% 11 $1,605,000 $145,909 $1,459 5.13%
    45% 11 $2,555,000 $232,273 $2,434 5.19%
    36% 10 $1,490,000 $149,000 $2,265 4.94%
    47% 10 $2,600,000 $260,000 $2,430 4.98%
    44% 10 $2,270,000 $227,000 $2,149 4.48%
    50-60% 10 $2,460,000 $246,000 $2,001 5.06%
    37% 10 $1,920,000 $192,000 $1,966 4.83%
    >60% 9 $2,275,000 $252,778 $1,472 5.71%
    42% 9 $1,545,000 $171,667 $1,798 4.63%
    49% 9 $2,535,000 $281,667 $2,566 5.18%
    48% 6 $1,560,000 $260,000 $3,368 4.56%
    46% 5 $905,000 $181,000 $2,275 5.50%

    Security First Bank lent most frequently to those with DTI ratios of 30-36%, with 69 originations. The next most common DTI ratio? 20-30%, with 67 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 86 $72,980,000 $848,605 $0 4.82%
    White 322 $64,060,000 $198,944 $2,103 5.00%
    Not provided 16 $4,510,000 $281,875 $2,802 4.48%
    American Indian 11 $1,365,000 $124,091 $1,710 5.35%
    Asian 4 $820,000 $205,000 $1,813 5.72%
    Black 5 $645,000 $129,000 $2,501 5.88%

    Approval Rates

    Total approvals of all applications
    94.17%

    Security First Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.86%

    Security First Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 444 $144,380,000 $325,180

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    444 $144,380,000 $325,180

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 40 $8,620,000 $215,500 $2,305 5.01%
    40-60% 65 $10,995,000 $169,154 $1,653 4.97%
    60-80% 176 $57,910,000 $329,034 $2,033 4.98%
    80-100% 137 $59,115,000 $431,496 $2,385 4.92%
    Over 100% 1 $145,000 $145,000 $0 4.50%
    Under 20% 25 $7,595,000 $303,800 $1,271 5.25%

    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%