Security Service Federal Credit Union Mortgage Interest Rate and Cost Review

Is Security Service Federal Credit Union a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Security Service Federal Credit Union to those of other lenders for a comparable set of borrowers. We maintain our independence by not accepting any money from the mortgage lenders we review. Going by historical data, here is our review of Security Service Federal Credit Union nationally:

Review ItemSecurity Service Federal Credit Union
Interest Ratesimilar to other lenders (-0.06%)
Loan Related Closing Costslower than other lenders (-$2101)
National Rate and Closing Cost Star Rating(5)

On average, Security Service Federal Credit Union’s interest rates were similar to those of other lenders (-0.06%) for a comparable set of borrowers. On the other hand, its loan related closing costs were lower than those of other lenders, with a difference of -$2101. Overall, combining interest rates and closing costs we estimate that Security Service Federal Credit Union tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 5 out of 5 stars. To visit Security Service Federal Credit Union, its website is located at: https://www.ssfcu.org.

Security Service Federal Credit Union’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. In particular, among the cities we track Security Service Federal Credit Union was most active in:

  1. San Antonio, TX
  2. Brownsville, TX
  3. Colorado Springs, CO
  4. Denver, CO
  5. West Jordan, UT

In addition, Security Service Federal Credit Union is our top ranked/best mortgage lender in terms of interest rate and closing costs in:

  1. San Antonio, TX, overall
  2. Brownsville, TX, overall
  3. El Paso, TX, overall
  4. Corpus Christi, TX, overall
  5. Eagle Pass, TX, overall

You can click through to check out Security Service Federal Credit Union’s mortgage rate relative to those of other lenders within each city. Or, for our entire list of the top mortgage lenders by city, click here.

Security Service Federal Credit Union’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Security Service Federal Credit Union originated Conforming and Jumbo mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingJumbo
Interest Rate Difference-0.05%-0.02%
Loan Related Closing Cost Difference-$1779+$156
Cost Adjusted Rate Difference-0.26%-0.02%
National Star Rating(5)(3.5)
Refinance MortgagesConformingJumbo
Interest Rate Difference-0.07%-0.07%
Loan Related Closing Cost Difference-$2341-$182
Cost Adjusted Rate Difference-0.37%-0.07%
Average Star Rating(5)(4)

As a summary, Security Service Federal Credit Union is cheap for Conforming purchase mortgages. It is similar to other lenders for Jumbo purchase mortgages. For refinancing, Security Service Federal Credit Union is cheap for Conforming and Jumbo mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about Security Service Federal Credit Union:

Registered name: Security Service Federal Credit Union
Registered city and state: San Antonio, TX, 78249
Regulator: National Credit Union Administration (NCUA)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Security Service Federal Credit Union’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.