Security State Bank & Trust Mortgage Rates, Fees & InfoFredericksburg, TX
Tax ID: 74-0890992
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewSecurity State Bank & Trust is a smaller bank specializing in Home Purchase and NA loans. Security State Bank & Trust has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Austin, Dallas, San Antonio, Fredericksburg, and Kerrville among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)
Security State Bank & Trust 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 State Bank & Trust is typically an average 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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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.61%||4/2/23|
|30 Year Conventional Refi||6.87%||4/2/23|
|30 Year FHA Purchase||7.52%||4/2/23|
|30 Year VA Purchase||6.52%||4/2/23|
|30 Year VA Refi||6.58%||4/2/23|
|30 Year USDA Purchase||6.31%||4/2/23|
|15 Year Conventional Purchase||8.33%||4/2/23|
|15 Year Conventional Refi||6.66%||4/2/23|
|15 Year Cash-out Refi||6.66%||4/2/23|
|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.|
Security State Bank & Trust Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$191,400,000
Security State Bank & Trust's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.22%.
Relative Fees (Closing Costs)
Security State Bank & Trust's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,380.
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.
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|
|AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA)||38||$37,200,000||$978,947||$12,576||4.91%|
|Outside of Metro Areas||90||$36,940,000||$410,444||$6,436||5.31%|
|Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)||41||$31,585,000||$770,366||$11,500||5.13%|
|SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA)||60||$30,100,000||$501,667||$8,548||5.65%|
|Fredericksburg, TX (FHA|USDA|VA)||56||$25,160,000||$449,286||$7,847||5.72%|
|Kerrville, TX (FHA|USDA|VA)||62||$20,090,000||$324,032||$7,373||5.98%|
|HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)||7||$2,925,000||$417,857||$8,094||4.80%|
|Rockport, TX (FHA|USDA|VA)||3||$2,115,000||$705,000||$17,112||4.83%|
|KILLEEN-TEMPLE, TX (FHA|USDA|VA)||3||$835,000||$278,333||$4,290||5.50%|
|SAN ANGELO, TX (FHA|USDA|VA)||3||$725,000||$241,667||$6,316||5.83%|
|CORPUS CHRISTI, TX (FHA|USDA|VA)||2||$700,000||$350,000||$6,419||6.44%|
|TYLER, TX (FHA|USDA|VA)||1||$645,000||$645,000||$4,771||5.25%|
|Athens, TX (FHA|USDA|VA)||1||$645,000||$645,000||$0||3.25%|
|LUBBOCK, TX (FHA|USDA|VA)||2||$310,000||$155,000||$3,520||4.63%|
|Granbury, TX (FHA|USDA|VA)||1||$285,000||$285,000||$6,123||4.00%|
|Brenham, TX (FHA|USDA|VA)||1||$265,000||$265,000||$0||6.25%|
|BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA)||1||$245,000||$245,000||$8,804||7.00%|
|COLLEGE STATION-BRYAN, TX (FHA|USDA|VA)||1||$215,000||$215,000||$5,000||6.00%|
|El Campo, TX (FHA|USDA|VA)||1||$195,000||$195,000||$6,252||3.99%|
|Mineral Wells, TX (FHA|USDA|VA)||1||$145,000||$145,000||$4,355||6.00%|
|Alamogordo, NM (FHA|USDA|VA)||1||$75,000||$75,000||$0||6.75%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Security State Bank & Trust's most frequently originated type of loan was Conventional, with 364 originations. Their 2nd most popular type was FHA, with 8 originations.
For 2022, Security State Bank & Trust's most frequently cited loan purpose was Home Purchase, with 229 originations. The 2nd most popular reason was NA, with 79 originations.
For 2022, Security State Bank & Trust's most frequently cited loan duration was 30 Year, with 137 originations. The 2nd most popular length was Other, with 79 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Security State Bank & Trust's average total fees were $6,380, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 120 originations.
During 2022, Security State Bank & Trust's average interest rate for loans was 4.98%, while their most frequently originated rate bucket for loans was 3-4%, with 90 originations.
2022 saw Security State Bank & Trust place emphasis on $200k-400k loans with 130 originations, totaling $38,110,000 in origination value.
Security State Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 93 originations. The second most popular income band? $150k-250k, with 66 originations.
Applicant Debt to Income Ratio
Security State Bank & Trust lent most frequently to those with DTI ratios of 30-36%, with 73 originations. The next most common DTI ratio? 20-30%, with 59 originations.
Approval RatesTotal approvals of all applications
Security State Bank & Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Security State Bank & Trust has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|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%|