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
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
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Act (HMDA) records Security Service filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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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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