Security Service Mortgage Lending & HMDA Data, 2004

In 2004, Security Service of San Antonio, TX reported 2,520 mortgage applications totaling $162.3 million, down 15% from 2003. The average application was for $64,386, and applicants reported an average income of $68,515. 50% of its applications resulted in an originated loan and 25% were denied. Its largest markets were San Antonio, TX (2,006), Colorado Springs, CO (181) and Pueblo, CO (63) (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 2,520
Total Mortgage Loan Application Amount $162,255,000
Average Mortgage Loan Application Amount $64,386
Highest Mortgage Loan Application Amount $1,200,000
Average Applicant Income $68,515
Highest Applicant Income $924,000

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Act (HMDA) records Security Service filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2004

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Bexar, Texas 1,691 $ 92,517,000 $ 54,711 $ 59,000
El Paso, Colorado 172 $ 15,881,000 $ 92,331 $ 83,000
Comal, Texas 77 $ 6,917,000 $ 89,831 $ 80,000
Pueblo, Colorado 63 $ 3,542,000 $ 56,222 $ 43,000
Kendall, Texas 55 $ 4,334,000 $ 78,800 $ 82,000
Guadalupe, Texas 52 $ 4,581,000 $ 88,096 $ 55,000
Uvalde, Texas 51 $ 2,163,000 $ 42,411 $ 64,000
Medina, Texas 43 $ 2,933,000 $ 68,209 $ 66,000
Wilson, Texas 36 $ 2,741,000 $ 76,138 $ 68,000
Atascosa, Texas 28 $ 1,433,000 $ 51,178 $ 51,000
Bandera, Texas 24 $ 1,890,000 $ 78,750 $ 73,000
Harris, Texas 14 $ 1,107,000 $ 79,071 $ 102,000
Denver, Colorado 11 $ 981,000 $ 89,181 $ 27,000
Jefferson, Colorado 11 $ 1,615,000 $ 146,818 $ 43,000
Teller, Colorado 9 $ 1,930,000 $ 214,444 $ 92,000
Llano, Texas 6 $ 295,000 $ 49,166 $ 58,000
Gillespie, Texas 5 $ 557,000 $ 111,400 $ 43,000
Hays, Texas 5 $ 675,000 $ 135,000 $ 79,000
Kerr, Texas 5 $ 240,000 $ 48,000 $ 66,000
Travis, Texas 5 $ 821,000 $ 164,200 $ 115,000
Fremont, Colorado 4 $ 299,000 $ 74,750 $ 66,000
Fort Bend, Texas 4 $ 272,000 $ 68,000 $ 152,000
Nueces, Texas 4 $ 211,000 $ 52,750 $ 66,000
Tarrant, Texas 4 $ 578,000 $ 144,500 $ 117,000
Arapahoe, Colorado 3 $ 337,000 $ 112,333 $ 47,000
Mesa, Colorado 3 $ 444,000 $ 148,000 $ 99,000
Park, Colorado 3 $ 288,000 $ 96,000 $ 92,000
Blanco, Texas 3 $ 192,000 $ 64,000 $ 68,000
Hidalgo, Texas 3 $ 98,000 $ 32,666 $ 87,000
Real, Texas 3 $ 127,000 $ 42,333 $ 62,000
Zavala, Texas 3 $ 92,000 $ 30,666 $ 52,000
Crowley, Colorado 2 $ 115,000 $ 57,500 $ 65,000
Las Animas, Colorado 2 $ 434,000 $ 217,000 $ 127,000
Aransas, Texas 2 $ 267,000 $ 133,500 $ 101,000
Bell, Texas 2 $ 130,000 $ 65,000 $ 56,000
Burnet, Texas 2 $ 180,000 $ 90,000 $ 315,000
Dallas, Texas 2 $ 271,000 $ 135,500 $ 75,000
DeWitt, Texas 2 $ 80,000 $ 40,000 $ 85,000
El Paso, Texas 2 $ 33,000 $ 16,500 $ 83,000
Val Verde, Texas 2 $ 127,000 $ 63,500 $ 66,000
Williamson, Texas 2 $ 158,000 $ 79,000 $ 53,000
Fairfax, Virginia 2 $ 360,000 $ 180,000 $ 84,000
Covington, Alabama 1 $ 47,000 $ 47,000 $ 23,000
Pima, Arizona 1 $ 95,000 $ 95,000 $ 48,000
Adams, Colorado 1 $ 154,000 $ 154,000 $ 71,000
Alamosa, Colorado 1 $ 30,000 $ 30,000 $ 33,000
Bent, Colorado 1 $ 25,000 $ 25,000 $ 28,000
Boulder, Colorado 1 $ 30,000 $ 30,000 $ 146,000
Chaffee, Colorado 1 $ 168,000 $ 168,000 $ 74,000
Custer, Colorado 1 $ 500,000 $ 500,000 $ 83,000
Douglas, Colorado 1 $ 259,000 $ 259,000 $ 0
Eagle, Colorado 1 $ 51,000 $ 51,000 $ 63,000
Larimer, Colorado 1 $ 168,000 $ 168,000 $ 76,000
Rio Blanco, Colorado 1 $ 11,000 $ 11,000 $ 30,000
Rio Grande, Colorado 1 $ 32,000 $ 32,000 $ 24,000
Routt, Colorado 1 $ 239,000 $ 239,000 $ 46,000
Fairfield, Connecticut 1 $ 257,000 $ 257,000 $ 72,000
Glynn, Georgia 1 $ 43,000 $ 43,000 $ 65,000
Henry, Georgia 1 $ 333,000 $ 333,000 $ 76,000
Bossier, Louisiana 1 $ 14,000 $ 14,000 $ 92,000
Saginaw, Michigan 1 $ 40,000 $ 40,000 $ 21,000
Ramsey, Minnesota 1 $ 21,000 $ 21,000 $ 48,000
Guilford, North Carolina 1 $ 141,000 $ 141,000 $ 103,000
Oklahoma, Oklahoma 1 $ 15,000 $ 15,000 $ 30,000
Pittsburg, Oklahoma 1 $ 30,000 $ 30,000 $ 91,000
Tulsa, Oklahoma 1 $ 91,000 $ 91,000 $ 33,000
Dickson, Tennessee 1 $ 263,000 $ 263,000 $ 170,000
Brazoria, Texas 1 $ 29,000 $ 29,000 $ 18,000
Brazos, Texas 1 $ 175,000 $ 175,000 $ 100,000
Caldwell, Texas 1 $ 130,000 $ 130,000 $ 240,000
Calhoun, Texas 1 $ 68,000 $ 68,000 $ 50,000
Collin, Texas 1 $ 35,000 $ 35,000 $ 60,000
Denton, Texas 1 $ 15,000 $ 15,000 $ 46,000
Edwards, Texas 1 $ 69,000 $ 69,000 $ 58,000
Frio, Texas 1 $ 99,000 $ 99,000 $ 92,000
Harrison, Texas 1 $ 122,000 $ 122,000 $ 47,000
Hill, Texas 1 $ 109,000 $ 109,000 $ 65,000
Karnes, Texas 1 $ 55,000 $ 55,000 $ 33,000
Lubbock, Texas 1 $ 72,000 $ 72,000 $ 22,000
Matagorda, Texas 1 $ 95,000 $ 95,000 $ 79,000
Maverick, Texas 1 $ 104,000 $ 104,000 $ 39,000
Montgomery, Texas 1 $ 35,000 $ 35,000 $ 160,000
Pecos, Texas 1 $ 28,000 $ 28,000 $ 43,000
Tom Green, Texas 1 $ 68,000 $ 68,000 $ 68,000
Zapata, Texas 1 $ 56,000 $ 56,000 $ 38,000
Campbell, Virginia 1 $ 94,000 $ 94,000 $ 23,000
Pierce, Washington 1 $ 4,000 $ 4,000 $ 48,000

Mortgage Loan Application Detail Totals for Security Service in 2004

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 1,169 $85,878,000 $129,800 $505,000 $63,800 $561,000
Home Improvement 828 $22,274,000 $58,888 $263,000 $59,444 $651,000
Home Purchase 523 $54,103,000 $116,000 $1,200,000 $73,000 $924,000

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
Not Provided 1,115 $45,585,000 $60,818 $388,000 $58,636 $651,000
White 694 $69,920,000 $128,555 $531,000 $75,444 $924,000
Hispanic 589 $37,917,000 $73,000 $1,200,000 $49,666 $388,000
Native Hawaiian or Other Pacific Islander 51 $1,820,000 $38,500 $180,000 $60,500 $175,000
Black or African American 39 $3,592,000 $133,500 $505,000 $56,750 $157,000
Asian 23 $2,571,000 $198,500 $428,000 $85,500 $250,000
American Indian or Alaskan Native 8 $747,000 $74,500 $260,000 $48,000 $125,000
Not applicable 1 $103,000 $103,000 $103,000 $75,000 $75,000

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) 2,479 $158,072,000 $101,200 $1,200,000 $66,400 $924,000
FHA-insured (Federal Housing Administration) 20 $1,545,000 $77,000 $159,000 $29,000 $80,000
VA-guaranteed (Veterans Administration) 20 $2,562,000 $167,500 $334,000 $56,000 $171,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $76,000 $76,000 $76,000 $23,000 $23,000

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 1,248 $91,695,000 $118,500 $531,000 $58,125 $651,000
Application Denied By Financial Institution 627 $26,805,000 $50,375 $505,000 $58,625 $328,000
Application Approved But Not Accepted 513 $27,451,000 $59,500 $400,000 $70,000 $561,000
Application Withdrawn By Applicant 79 $10,814,000 $182,000 $1,200,000 $99,000 $924,000
Preapproval Approved but not Accepted 31 $3,419,000 $110,000 $238,000 $65,000 $167,000
Preapproval Denied by Financial Institution 22 $2,071,000 $94,000 $223,000 $57,000 $182,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 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 2004 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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