Security Bank Mortgage Rates, Fees & Info
New Auburn, WILEI: 549300IPFYHYZ3L7UL18
Tax ID: 39-0147940
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Security Bank is a smaller bank specializing in Home Purchase loans. Security Bank has a high proportion of conventional loans. Their top markets by origination volume include: Eau Claire, Menomonie, Minneapolis, and Wisconsin Rapids among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Security Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
61Origination Dollar Volume (All Markets)
$15,255,000Top 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 |
|---|---|---|---|---|---|
| EAU CLAIRE, WI (FHA|USDA|VA) | 34 | $7,720,000 | $227,059 | $0 | 0.00% |
| Outside of Metro Areas | 14 | $4,980,000 | $355,714 | $0 | 0.00% |
| Menomonie, WI (FHA|USDA|VA) | 10 | $1,880,000 | $188,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $0 | 0.00% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 61 | $15,255,000 | $250,082 | $0 | 0.00% |
For 2024, Security Bank's most frequently originated type of loan was Conventional, with 61 originations.
Loan Reason
For 2024, Security Bank's most frequently cited loan purpose was Home Purchase, with 43 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 61 | $15,255,000 | $250,082 | $0 | 0.00% |
For 2024, Security Bank's most frequently cited loan duration was Other, with 61 originations.
Loan Sizing
2024 saw Security Bank place emphasis on $200k-400k loans with 18 originations, totaling $4,800,000 in origination value.
Applicant Income
Security Bank lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 61 | $15,255,000 | $250,082 | $0 | 0.00% |
Security Bank lent most frequently to those with DTI ratios of Exempt%, with 61 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.10%
Security Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination90.16%
Security Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 61 | $15,255,000 | $250,082 |