Securityplus Fcu Mortgage Rates, Fees & Info

Baltimore, MD

LEI: 549300XA6P3X1GTJEY80

Tax ID: 52-0584127

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Securityplus Fcu is a smaller credit union specializing in Home Purchase and Refi loans. Securityplus Fcu has a high proportion of conventional loans. Their top markets by origination volume include: Baltimore, Myrtle Beach, Washington, and Sumter among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Securityplus Fcu 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.

    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.

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    Originations

    26

    Origination Dollar Volume (All Markets)

    $3,420,000

    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
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 21 $2,915,000 $138,810 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $145,000 $48,333 $0 0.00%
    SUMTER, SC (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Securityplus Fcu's top markets include Baltimore, Myrtle Beach, Washington, and Sumter among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)

    • Similar Lenders

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

    APL
    Similarity Rank: 32
    The Glen Burnie Mutual Savings Bank
    Similarity Rank: 54
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 126
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 126
    POINT BREEZE
    Similarity Rank: 252
    EDUCATIONAL SYSTEMS
    Similarity Rank: 495
    Poli Mortgage Group, Inc.
    Similarity Rank: 504
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614
    ACNB Bank
    Similarity Rank: 684
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED
    Similarity Rank: 1748

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 26 $3,420,000 $131,538 $0 0.00%

    For 2018, Securityplus Fcu's most frequently originated type of loan was Conventional, with 26 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 8 $350,000 $43,750 $0 0.00%
    Home Purchase 7 $1,675,000 $239,286 $0 0.00%
    Other 5 $195,000 $39,000 $0 0.00%
    Refi 5 $1,075,000 $215,000 $0 0.00%
    Cash Out Refi 1 $125,000 $125,000 $0 0.00%

    For 2018, Securityplus Fcu's most frequently cited loan purpose was Home Improvement, with 8 originations. The 2nd most popular reason was Home Purchase, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 26 $3,420,000 $131,538 $0 0.00%

    For 2018, Securityplus Fcu's most frequently cited loan duration was Other, with 26 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 16 $760,000 $47,500 $0 0.00%
    $100k-200k 5 $665,000 $133,000 $0 0.00%
    $400k-600k 3 $1,345,000 $448,333 $0 0.00%
    $200k-400k 2 $650,000 $325,000 $0 0.00%

    2018 saw Securityplus Fcu place emphasis on $100,000 or less loans with 16 originations, totaling $760,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 10 $1,060,000 $106,000 $0 0.00%
    $50k-75k 6 $830,000 $138,333 $0 0.00%
    $75k-100k 4 $270,000 $67,500 $0 0.00%
    $50k or less 3 $165,000 $55,000 $0 0.00%
    $250k+ 2 $650,000 $325,000 $0 0.00%
    $150k-250k 1 $445,000 $445,000 $0 0.00%

    Securityplus Fcu lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $50k-75k, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 12 $2,060,000 $171,667 $0 0.00%
    Not provided 5 $875,000 $175,000 $0 0.00%
    Black 7 $425,000 $60,714 $0 0.00%
    Native Hawaiian 1 $45,000 $45,000 $0 0.00%
    Asian 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.33%

    Securityplus Fcu has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.31%

    Securityplus Fcu has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 26 $3,420,000 $131,538

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 26 $3,420,000 $131,538

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Security National Financial Corp Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    Security National Financial Corp Conventional home mortgage Trouble during payment process 3 60.0%
    Security National Financial Corp VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%