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 score and performance metrics.

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 an overall pricing score of 58.4/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Security Federal Bank?

Security Federal Bank is a Bank headquartered in Aiken, SC.

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Security Federal Bank

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Security Federal Bank has 190 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Sound

3/5

vs. all lenders

Pull-through

Strong

4/5

closing strength

Product

Sound

3/5

FHA · Conventional · Jumbo

Place

Strong

4/5

Regional · 2 mkts

Awards

FHA

Superstar

Refinance

Superstar

Summary

What They Do Well

Strong pull through performance

Explore another lender or local market

Report Card

Security Federal Bank performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Sound

Rates 25.1 bps below market avg

Pull Through

Closing strength

Strong

Top 40% of lenders

By Loan Product· Specialization by type

Conventional

Sound

Top 60% of lenders

FHA

Sound

Top 60% of lenders

Jumbo

Sound

Top 60% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Sound

Top 60% of lenders

Refinance

Sound

Top 60% of lenders

By Location· Geographic coverage

Geographic Reach

Regional · 3 markets

Sound

Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Sound	Sound	Sound	143	75.3%	-0.320%Below	$2,569Fees
FHA Loans	Sound	Sound	Strong	Sound	22	11.6%	+0.072%Above	$3,482Fees
Jumbo Loans	Sound	Sound	—	—	11	5.8%	+0.587%Above	$9,072Fees

Conventional

Overall

Sound

Product

Sound

Pricing

Sound

Pull Through

Sound

Volume143

Mix75.3%

Spread

-0.320%Below

Fees

$2,569Fees

FHA Loans

Overall

Sound

Product

Sound

Pricing

Strong

Pull Through

Sound

Volume22

Mix11.6%

Spread

+0.072%Above

Fees

$3,482Fees

Jumbo Loans

Overall

Sound

Product

Sound

Pricing—

Pull Through—

Volume11

Mix5.8%

Spread

+0.587%Above

Fees

$9,072Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Sound	Sound	Sound	148	77.9%	-0.273%Below	$2,734Fees
Refinance	Sound	Sound	Sound	Strong	42	22.1%	-0.180%Below	$2,900Fees

Purchase

Overall

Sound

Product

Sound

Pricing

Sound

Pull Through

Sound

Volume148

Mix77.9%

Spread

-0.273%Below

Fees

$2,734Fees

Refinance

Overall

Sound

Product

Sound

Pricing

Sound

Pull Through

Strong

Volume42

Mix22.1%

Spread

-0.180%Below

Fees

$2,900Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

190

Applications

286

Volume

$61 million

Pricing & Closing

Avg Rate Spread

-0.251%

vs. market APOR

Avg Net Fees

$2,773

Origination − Credits

Pullthrough Rate

66.4%

Applications → Closed

Typical Borrower

Avg Loan Amount

$321,842

Avg Borrower Income

$134,116

Avg Property Value

$446,105

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

South2

GASC

Top Metro Areas by Place Specialization Score

Augusta, GA-SCMetro

Volume 153Mix 80.53% of portfolio

92/100

Exceptional

Columbia, SCMetro

Volume 14Mix 7.37% of portfolio

49/100

Sound

Top States by Place Specialization Score

South CarolinaState

Volume 152Mix 80.00% of portfolio

77/100

Strong

GeorgiaState

Volume 38Mix 20.00% of portfolio

56/100

Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.