# Security Federal Bank

> **Canonical URL:** https://saferate.com/lenders/security-federal-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Security Federal Bank is a bank, headquartered in Aiken, SC, serving borrowers across 2 states, with 190 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 42% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 37% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 5493005ES4J6H2VR7264
- **Headquarters:** Aiken, SC
- **Geographic Reach:** Regional
- **States Served:** 2
- **State List:** GA, SC
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 58/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 63/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.251%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,773
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 190
- **Dollar Volume:** $61 million
- **Applications Received:** 286
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $321,842
- **Average Borrower Income:** $134,116
- **Average Property Value:** $446,105

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 53/100 | 143 | -0.320% | $2,569 | Sound ☺️ |
| FHA | 56/100 | 22 | +0.072% | $3,482 | Sound ☺️ |
| Jumbo | 41/100 | 11 | +0.587% | $9,072 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 107 loans, Score: 51/100 (Sound)
- Refinance: 36 loans, Score: 55/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 52/100 | 148 | $46M | -0.273% | Sound ☺️ |
| Refinance | 54/100 | 42 | $15M | -0.180% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| SC | 152 | 0.19% | 77/100 |
| GA | 38 | 0.03% | 56/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Augusta | GA-SC | 153 | 92/100 |
| Non |  | 17 | 30/100 |
| Columbia, SC | SC | 14 | 49/100 |

## Where This Lender Ranks

Security Federal Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Augusta for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/augusta/best-mortgage-lenders/banks/usda-loans)
- 🥈 **#2** in Augusta for Jumbo Loans
  - [View Full Rankings](https://saferate.com/augusta/best-mortgage-lenders/jumbo-loans)
- 🥈 **#2** in Augusta for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/augusta/best-mortgage-lenders/banks/jumbo-loans)
- 🥈 **#2** in Augusta for USDA Loans
  - [View Full Rankings](https://saferate.com/augusta/best-mortgage-lenders/usda-loans)
- 🏆 **#6** in Augusta Banks
  - [View Full Rankings](https://saferate.com/augusta/best-mortgage-lenders/banks)
- 🏆 **#9** in Augusta for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/augusta/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#9** in Augusta for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/augusta/best-mortgage-lenders/banks/va-loans)
- 🏆 **#12** in Augusta
  - [View Full Rankings](https://saferate.com/augusta/best-mortgage-lenders)
- 🏆 **#15** in Augusta for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/augusta/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does Security Federal Bank offer?

Security Federal Bank offers the following mortgage loan types: FHA, Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Security Federal Bank offer mortgages?

Security Federal Bank offers mortgages in 2 states: GA, SC.

### How competitive are Security Federal Bank's mortgage rates?

Security Federal Bank has a pricing score of 58/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.251% below market average.

### What type of lender is Security Federal Bank?

Security Federal Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Aiken, SC.

### What is Security Federal Bank's loan approval success rate?

Security Federal Bank has a pull-through score of 63/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/security-federal-bank

### How to Cite

> "Security Federal Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/security-federal-bank

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