Security Service Mortgage Lending & HMDA Data, 2003

In 2003, Security Service of San Antonio, TX reported 2,973 mortgage applications totaling $254.3 million. The average application was for $85,540, and applicants reported an average income of $68,788. 55% of its applications resulted in an originated loan and 20% were denied. Its largest markets were San Antonio, TX (2,132), Colorado Springs, CO (340) and Pueblo, CO (81) (applications in parentheses).

Mortgage Company & Address Security Service
15000 W Interstate 10 Bldg 4
San Antonio, TX 78249
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 2,973
Total Mortgage Loan Application Amount $254,312,000
Average Mortgage Loan Application Amount $85,540
Highest Mortgage Loan Application Amount $825,000
Average Applicant Income $68,788
Highest Applicant Income $768,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Security Service filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

Mortgage Loan Application Totals for Security Service by County in 2003

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Bexar, Texas 1,943 $ 140,341,000 $ 72,229 $ 54,000
El Paso, Colorado 340 $ 46,446,000 $ 136,605 $ 58,000
Comal, Texas 102 $ 11,454,000 $ 112,294 $ 75,000
Pueblo, Colorado 81 $ 7,009,000 $ 86,530 $ 47,000
Guadalupe, Texas 62 $ 5,551,000 $ 89,532 $ 62,000
Uvalde, Texas 51 $ 2,114,000 $ 41,450 $ 70,000
Kendall, Texas 50 $ 5,936,000 $ 118,720 $ 93,000
Medina, Texas 38 $ 2,897,000 $ 76,236 $ 72,000
Bandera, Texas 29 $ 2,822,000 $ 97,310 $ 59,000
Wilson, Texas 25 $ 2,309,000 $ 92,360 $ 74,000
Atascosa, Texas 20 $ 1,188,000 $ 59,400 $ 47,000
Harris, Texas 16 $ 1,423,000 $ 88,937 $ 94,000
Travis, Texas 15 $ 2,047,000 $ 136,466 $ 141,000
Teller, Colorado 14 $ 1,631,000 $ 116,500 $ 71,000
Fremont, Colorado 13 $ 1,312,000 $ 100,923 $ 54,000
Tarrant, Texas 10 $ 1,416,000 $ 141,600 $ 99,000
Kerr, Texas 8 $ 616,000 $ 77,000 $ 60,000
Hays, Texas 6 $ 628,000 $ 104,666 $ 68,000
Nueces, Texas 6 $ 645,000 $ 107,500 $ 116,000
Williamson, Texas 6 $ 821,000 $ 136,833 $ 113,000
Dallas, Texas 5 $ 255,000 $ 51,000 $ 70,000
Llano, Texas 5 $ 454,000 $ 90,800 $ 67,000
Arapahoe, Colorado 4 $ 606,000 $ 151,500 $ 54,000
Jefferson, Colorado 4 $ 614,000 $ 153,500 $ 102,000
Otero, Colorado 4 $ 202,000 $ 50,500 $ 53,000
Val Verde, Texas 4 $ 256,000 $ 64,000 $ 68,000
Douglas, Colorado 3 $ 494,000 $ 164,666 $ 115,000
Aransas, Texas 3 $ 273,000 $ 91,000 $ 111,000
Cameron, Texas 3 $ 88,000 $ 29,333 $ 54,000
Denton, Texas 3 $ 348,000 $ 116,000 $ 83,000
Gillespie, Texas 3 $ 421,000 $ 140,333 $ 193,000
Boulder, Colorado 2 $ 379,000 $ 189,500 $ 88,000
Custer, Colorado 2 $ 312,000 $ 156,000 $ 29,000
Huerfano, Colorado 2 $ 252,000 $ 126,000 $ 55,000
Mesa, Colorado 2 $ 311,000 $ 155,500 $ 81,000
Clark, Nevada 2 $ 129,000 $ 64,500 $ 77,000
Cleveland, Oklahoma 2 $ 93,000 $ 46,500 $ 50,000
Bastrop, Texas 2 $ 132,000 $ 66,000 $ 77,000
Bell, Texas 2 $ 115,000 $ 57,500 $ 38,000
Burnet, Texas 2 $ 278,000 $ 139,000 $ 70,000
Frio, Texas 2 $ 119,000 $ 59,500 $ 48,000
Gonzales, Texas 2 $ 258,000 $ 129,000 $ 30,000
Gregg, Texas 2 $ 237,000 $ 118,500 $ 89,000
Hunt, Texas 2 $ 130,000 $ 65,000 $ 98,000
Midland, Texas 2 $ 140,000 $ 70,000 $ 58,000
Polk, Texas 2 $ 103,000 $ 51,500 $ 45,000
Tom Green, Texas 2 $ 232,000 $ 116,000 $ 90,000
Zavala, Texas 2 $ 44,000 $ 22,000 $ 43,000
Elmore, Alabama 1 $ 112,000 $ 112,000 $ 61,000
Apache, Arizona 1 $ 100,000 $ 100,000 $ 76,000
Adams, Colorado 1 $ 160,000 $ 160,000 $ 0
Alamosa, Colorado 1 $ 130,000 $ 130,000 $ 87,000
Denver, Colorado 1 $ 247,000 $ 247,000 $ 0
Lincoln, Colorado 1 $ 187,000 $ 187,000 $ 0
Montezuma, Colorado 1 $ 2,000 $ 2,000 $ 30,000
Montrose, Colorado 1 $ 56,000 $ 56,000 $ 38,000
Park, Colorado 1 $ 155,000 $ 155,000 $ 211,000
Prowers, Colorado 1 $ 44,000 $ 44,000 $ 59,000
Saguache, Colorado 1 $ 30,000 $ 30,000 $ 21,000
Fairfield, Connecticut 1 $ 825,000 $ 825,000 $ 0
Broward, Florida 1 $ 132,000 $ 132,000 $ 43,000
Pinellas, Florida 1 $ 157,000 $ 157,000 $ 107,000
Marion, Indiana 1 $ 102,000 $ 102,000 $ 30,000
Mills, Iowa 1 $ 74,000 $ 74,000 $ 51,000
Cecil, Maryland 1 $ 140,000 $ 140,000 $ 103,000
Howard, Maryland 1 $ 411,000 $ 411,000 $ 160,000
Lapeer, Michigan 1 $ 130,000 $ 130,000 $ 35,000
Oakland, Michigan 1 $ 190,000 $ 190,000 $ 110,000
Wright, Minnesota 1 $ 220,000 $ 220,000 $ 110,000
St. Louis, Missouri 1 $ 210,000 $ 210,000 $ 67,000
Sarpy, Nebraska 1 $ 110,000 $ 110,000 $ 64,000
Jefferson, New York 1 $ 72,000 $ 72,000 $ 210,000
Cumberland, North Carolina 1 $ 54,000 $ 54,000 $ 47,000
Mecklenburg, North Carolina 1 $ 105,000 $ 105,000 $ 81,000
Wake, North Carolina 1 $ 140,000 $ 140,000 $ 54,000
Oklahoma, Oklahoma 1 $ 55,000 $ 55,000 $ 54,000
Coos, Oregon 1 $ 144,000 $ 144,000 $ 80,000
Marion, Oregon 1 $ 175,000 $ 175,000 $ 57,000
Multnomah, Oregon 1 $ 5,000 $ 5,000 $ 153,000
Anderson, Texas 1 $ 80,000 $ 80,000 $ 47,000
Bee, Texas 1 $ 37,000 $ 37,000 $ 114,000
Blanco, Texas 1 $ 30,000 $ 30,000 $ 100,000
Brazoria, Texas 1 $ 157,000 $ 157,000 $ 69,000
Brazos, Texas 1 $ 21,000 $ 21,000 $ 41,000
Brown, Texas 1 $ 53,000 $ 53,000 $ 71,000
Collin, Texas 1 $ 539,000 $ 539,000 $ 240,000
Dimmit, Texas 1 $ 50,000 $ 50,000 $ 102,000
Fort Bend, Texas 1 $ 15,000 $ 15,000 $ 29,000
Galveston, Texas 1 $ 134,000 $ 134,000 $ 124,000
Henderson, Texas 1 $ 12,000 $ 12,000 $ 28,000
Hidalgo, Texas 1 $ 56,000 $ 56,000 $ 110,000
Hood, Texas 1 $ 260,000 $ 260,000 $ 65,000
Kinney, Texas 1 $ 80,000 $ 80,000 $ 47,000
Kleberg, Texas 1 $ 39,000 $ 39,000 $ 156,000
La Salle, Texas 1 $ 17,000 $ 17,000 $ 42,000
Lubbock, Texas 1 $ 161,000 $ 161,000 $ 74,000
Matagorda, Texas 1 $ 46,000 $ 46,000 $ 33,000
McLennan, Texas 1 $ 17,000 $ 17,000 $ 74,000
Parker, Texas 1 $ 252,000 $ 252,000 $ 69,000
Randall, Texas 1 $ 68,000 $ 68,000 $ 41,000
Real, Texas 1 $ 19,000 $ 19,000 $ 27,000
San Patricio, Texas 1 $ 17,000 $ 17,000 $ 102,000
Upshur, Texas 1 $ 138,000 $ 138,000 $ 72,000
Van Zandt, Texas 1 $ 106,000 $ 106,000 $ 58,000
Walker, Texas 1 $ 50,000 $ 50,000 $ 56,000
Albemarle, Virginia 1 $ 224,000 $ 224,000 $ 65,000
Fairfax, Virginia 1 $ 240,000 $ 240,000 $ 121,000
Falls Church, Virginia 1 $ 300,000 $ 300,000 $ 91,000
Nelson, Virginia 1 $ 228,000 $ 228,000 $ 110,000
Clark, Washington 1 $ 101,000 $ 101,000 $ 52,000
King, Washington 1 $ 210,000 $ 210,000 $ 63,000

Mortgage Loan Application Detail Totals for Security Service in 2003

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing (home purchase or home improvement, one-to-four family) 2,430 $206,885,000 $126,800 $659,000 $80,666 $768,000
Home Purchase (one-to-four family) 418 $46,126,000 $219,555 $825,000 $61,666 $417,000
Home Improvement (one-to-four family) 125 $1,301,000 $8,666 $65,000 $90,333 $187,000
Multifamily dwelling (home purchase, home improvement, and refinancings) 0 $0 $0 $0 $0 $0

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Information not provided by applicant in mail or telephone application 1,335 $85,776,000 $163,600 $825,000 $68,200 $768,000
White 985 $113,169,000 $137,666 $659,000 $90,833 $451,000
Hispanic 499 $39,914,000 $87,000 $712,000 $47,500 $417,000
Black 64 $6,094,000 $101,000 $275,000 $50,500 $195,000
Asian or Pacific Islander 48 $5,302,000 $151,333 $400,000 $58,000 $178,000
Other 27 $2,712,000 $113,000 $301,000 $73,500 $252,000
American Indian or Alaskan Native 15 $1,345,000 $108,666 $310,000 $79,000 $175,000
Not applicable 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 2,898 $246,733,000 $166,400 $825,000 $75,850 $768,000
VA-guaranteed (Veterans Administration) 41 $4,780,000 $125,000 $232,000 $33,500 $127,000
FHA-insured (Federal Housing Administration) 34 $2,799,000 $104,000 $154,000 $33,000 $350,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 1,626 $142,772,000 $151,071 $712,000 $85,214 $417,000
Application Denied By Financial Institution 588 $24,937,000 $86,000 $288,000 $51,750 $430,000
Application Withdrawn By Applicant 363 $41,400,000 $103,285 $539,000 $75,714 $454,000
File Closed For Incompleteness 272 $28,431,000 $126,375 $514,000 $71,375 $768,000
Application Approved But Not Accepted 124 $16,772,000 $345,000 $825,000 $54,750 $357,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Credit History 304 $11,850,000 $50,000 $211,000 $51,500 $430,000
Debt-To-Income Ratio 138 $6,978,000 $62,000 $288,000 $38,500 $144,000
Other 89 $2,995,000 $82,500 $224,000 $59,000 $360,000
Collateral 38 $1,414,000 $44,000 $193,000 $54,500 $140,000
Employment History 6 $260,000 $66,000 $114,000 $19,500 $71,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Security Service's 2003 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.

This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics, and assess Security Service's mortgage approval patterns. Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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