Security State Bank & Trust Mortgage Rates, Fees & Info
Fredericksburg, TXLEI: 549300KLIO6FT2J64B78
Tax ID: 74-0890992
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Mortgage Data
Review & Overview
Security 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.61% | 11/21/24 |
| 30 Year Conventional Refi | 6.87% | 11/21/24 |
| 30 Year FHA Purchase | 7.52% | 11/21/24 |
| 30 Year VA Purchase | 6.52% | 11/21/24 |
| 30 Year VA Refi | 6.58% | 11/21/24 |
| 30 Year USDA Purchase | 6.31% | 11/21/24 |
| 15 Year Conventional Purchase | 8.33% | 11/21/24 |
| 15 Year Conventional Refi | 6.66% | 11/21/24 |
| 15 Year Cash-out Refi | 6.66% | 11/21/24 |
| 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 State Bank & Trust Mortgage Calculator
Your Estimates
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This is not an official calculator from Security State Bank & Trust. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
376Origination Dollar Volume (All Markets)
$191,400,000Awards
Security State Bank & Trust - 2022
Security State Bank & Trust is a 2022 , due to their low .
For 2022, 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 |
|---|---|---|---|---|---|
| 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% |
Similar Lenders
We use machine learning to identify the top lenders compared against Security State Bank & Trust 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 | 364 | $187,860,000 | $516,099 | $8,387 | 5.49% |
| FHA | 8 | $1,990,000 | $248,750 | $9,730 | 4.81% |
| VA | 4 | $1,550,000 | $387,500 | $6,997 | 4.94% |
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.
Loan Reason
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.
Loan Duration/Length
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
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.
Interest Rates
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.
Loan Sizing
2022 saw Security State Bank & Trust place emphasis on $200k-400k loans with 130 originations, totaling $38,110,000 in origination value.
Applicant Income
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.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.78%
Security State Bank & Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination73.14%
Security State Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 376 | $191,400,000 | $509,043 |
LTV Distribution
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% |