# Security Federal Savings Bank

> **Canonical URL:** https://saferate.com/lenders/security-federal-savings-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 Savings Bank is a bank, headquartered in Logansport, IN, with 206 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 50% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 42% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 254900FWMAL9Q1TY2667
- **Headquarters:** Logansport, IN
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** IN
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 50/100
- Rating: ●●●○○ (3/5)

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

### Pricing Details
- **Average Rate Spread:** +0.365%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $742
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 206
- **Dollar Volume:** $48 million
- **Applications Received:** 231
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $231,602
- **Average Borrower Income:** $123,592
- **Average Property Value:** $307,732

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (63%)
- ⭐ **Refinance Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 59/100 | 197 | +0.375% | $742 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 161 loans, Score: 57/100 (Sound)
- Refinance: 36 loans, Score: 54/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 56/100 | 169 | $42M | +0.355% | Sound ☺️ |
| Refinance | 53/100 | 37 | $5M | +0.411% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IN | 206 | 0.23% | 75/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 107 | 60/100 |
| Lafayette | IN | 76 | 78/100 |
| Indianapolis | IN | 10 | 42/100 |

## Where This Lender Ranks

Security Federal Savings Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#6** in Lafayette for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/lafayette/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#9** in Lafayette Banks
  - [View Full Rankings](https://saferate.com/lafayette/best-mortgage-lenders/banks)
- 🏆 **#12** in Lafayette for Conventional Loans
  - [View Full Rankings](https://saferate.com/lafayette/best-mortgage-lenders/conventional-loans)
- 🏆 **#17** in Indiana for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/indiana/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#17** in Lafayette
  - [View Full Rankings](https://saferate.com/lafayette/best-mortgage-lenders)
- 🏆 **#20** in Indiana for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/indiana/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

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

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

### Where does Security Federal Savings Bank offer mortgages?

Security Federal Savings Bank offers mortgages in 1 states: IN.

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

Security Federal Savings Bank has a pricing score of 50/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.365% above market average.

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

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

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

Security Federal Savings Bank has a pull-through score of 58/100 (Sound). 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-savings-bank

### How to Cite

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

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