Security Federal Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
45th10.8% deniedPricingmedian rate spread over APOR, weight 30%
84th-0.04 ptsProcesswithdrawn + incomplete share, weight 15%
16th21.3%Closing coststotal loan costs ÷ loan amount, weight 10%
32nd2.38% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 469 | 323 | 10.0% | 12.5% | 5.88% | $84M |
| 2024 | 368 | 240 | 7.6% | 10.3% | 6.49% | $70M |
| 2025 | 352 | 244 | 8.5% | 10.8% | 6.49% | $74M |
What Security Federal Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 50 investment properties.
Why Security Federal Bank denies applications
Primary reason reported for each of the 30 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Security Federal Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 38 | 27 | 18.2% |
| $50k – $100k | 112 | 75 | 13.8% |
| $100k – $150k | 51 | 39 | 4.9% |
| $150k – $250k | 62 | 43 | 11.8% |
| Over $250k | 44 | 28 | 6.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 26 | 18 | 10.0% |
| 25–34 | 72 | 51 | 13.6% |
| 35–44 | 62 | 40 | 10.9% |
| 45–54 | 59 | 39 | 11.1% |
| 55–64 | 49 | 37 | 14.0% |
| 65–74 | 36 | 28 | 6.5% |
Where Security Federal Bank lends
4 states and 28 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| South Carolina | 271 | 183 | 8.5% | 6.43% | #150 |
| Georgia | 79 | 61 | 7.6% | 6.50% | #373 |
Frequently asked questions
Security Federal Bank denied 10.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 45th percentile of small mortgage lenders.
The most common reason Security Federal Bank gave in 2025 was "debt-to-income ratio", cited on 43.3% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Security Federal Bank originated in 2025 was 6.49%, and its median rate spread over the average prime offer rate was -0.04 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 68% of its applications were for home purchases, 27% for refinancing (including cash-out), and 5% for home improvement or other purposes. By loan type: 88% conventional, 6% FHA, 4% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.