Security Federal Bank closing costs and rates (2024)
In 2024, Security Federal Bank originated 141 purchase mortgages at a median interest rate of 6.25% and median total closing costs of $6,077. That is $664 below the national median of $6,741. Security Federal Bank is most active in South Carolina with 115 originations there.
Purchase Originations
141
Median Total Costs
$6,077
−9.8% vs national ($6,741)
Median Rate
6.250%
−5.6% vs national (6.620%)
Median Origination
$3,293
Median Lender Credits
$2,529
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 108 | 6.490% | $5,252 | $3,296 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| South Carolina | 115 | 6.250% | $6,018 | #105 |
| Georgia | 26 | 6.250% | $6,937 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,389 | 5.500% | — | 1 | −$3,688 | |
| 2 | $2,390 | 5.250% | — | 1 | −$3,687 | |
| 3 | $2,523 | 5.250% | — | 1 | −$3,554 | |
| 4 | $5,252 | 6.188% | — | 86 | −$825 | |
| 5 | $5,316 | 6.490% | — | 9 | −$761 | |
| 6 | $5,963 | 7.000% | — | 1 | −$114 | |
| 7 | $6,020 | 5.750% | — | 5 | −$57 | |
| 8 | $6,212 | 6.250% | — | 14 | +$135 | |
| 9 | $6,370 | 5.370% | — | 2 | +$293 | |
| 10 | $6,938 | 7.490% | — | 1 | +$861 | |
| 11 | $7,088 | 7.120% | — | 2 | +$1,011 | |
| 12 | $7,092 | 5.990% | — | 1 | +$1,015 | |
| 13 | $8,029 | 7.188% | — | 4 | +$1,952 | |
| 14 | $10,481 | 6.490% | — | 9 | +$4,404 | |
| 15 | $10,634 | 6.500% | — | 1 | +$4,557 | |
| 16 | $10,780 | 7.750% | — | 1 | +$4,703 | |
| 17 | $12,905 | 6.500% | — | 1 | +$6,828 | |
| 18 | $13,511 | 6.500% | — | 1 | +$7,434 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
Found your lender? Make sure their quote is fair.
HMDA data shows industry-wide medians. Your actual quote may differ. Upload your Closing Disclosure or Loan Estimate to see exactly where your fees stand — and get a ready-to-send negotiation email.
Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.