SECURITY NATIONAL FINANCIAL CORPORATION

5300 South 360 West, Suite 250

Salt Lake City, Utah 84123

Telephone (801) 264-1060

March 20, 2009

VIA EDGAR

U. S. Securities and Exchange Commission

Division of Corporation Finance

100 F Street, N.E., Mail Stop 4561

Washington, D. C. 20549

Attn:	Sharon M. Blume
	Assistant Chief Accountant

Re:	Security National Financial Corporation
	Form 10-K for the Fiscal Year Ended December 31, 2007
	Form 10-Q for Fiscal Quarter Ended June 30, 2008
	File No. 0-9341

Dear Ms. Blume:

Security National Financial Corporation (the “Company”) hereby supplements its responses to its previous response letters dated February 20, 2009, January 15, 2009, November 6, 2008, and October 9, 2008.  With this supplemental response is provided as additional information concerning the Company’s mortgage loan operations and the appropriate accounting that the Company follows in connection with such operations.

The Company has also included in this response the table that was part of its November 6, 2008 reply to the Securities Exchange Commission to assist in explaining the methodology that the Company follows in determining fair value of the mortgage loans repurchased.  In the table the Company has changed the heading “Loan Principal Amount” to “Unpaid Principal Amount on Date of Repurchase.”  In addition, the Company has added two columns showing the “Fair Value at Repurchase Date” and the “Unrecognized Gains and (Losses)” with respect to the mortgage loans.

The fair value at the repurchase date was based upon the following criteria:

· For loans where there was a market, the Company used the market price on the repurchase date;

· For loans where there was no market but there was a similar product, the Company used the market value for the similar product on the repurchase date; and

· For loans where no market existed on the repurchase date, the Company determined the unpaid principal balance that best approximated the market value on the repurchase date, after considering the fair value of the underlying real estate collateral and the estimated future cash flows.

The appraisal of the collateral of the original loans adds significance to the Company’s determination of fair value because if any of the loans become delinquent the Company has sufficient value to collect the unpaid principal balance or the carrying value of the loans.

In determining the fair value on the date of repurchase, the Company considered the total value of all of the mortgage loans because any sale of loans would be made as a pool.  As shown on the table, the total fair value at the date of repurchase was $36,379,793, which is in excess of the cost of $36,290,743. The repurchased mortgage loans were recorded at the cost of the outstanding principal balance of the loans. The aggregate fair value of the repurchased loans was $89,050 greater than the outstanding principal balance of the loans. This excess of the fair value over the cost of the mortgage loans was not recognized.

The enclosed table is the quantitative lower of cost or market analysis, which has been reviewed by the Company’s independent registered public accounting firm.

In connection with the Company’s responses to the comments, the Company hereby acknowledges as follows:

· The Company is responsible for the adequacy and accuracy of the disclosure in the filing;

· The staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and

· The Company may not assert staff comments as defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.

If you have any questions, please do not hesitate to call me at (801) 264-1060 or (801) 287-8171.

Very truly yours,

/s/ Stephen M. Sill

Stephen M. Sill

Vice President, Treasurer and

Chief Financial Officer

				Unpaid							Date
				Principal							Transferred
		Date		Amount		Fair Value at		Unrecognized			to Mortgage
		Originally	Date	on Date of		Repurchase		Gains			Loans Held
Loan No.		Sold	Repurchased	Repurchase		Date		(Losses)			for Investment	Comment
	0000359018	1/3/2007	5/25/2007	$	80,618	$	80,215	$	(403	)	5/25/2007
	0000353101	1/8/2007	4/5/2007		336,179		337,019		840		4/5/2007
	0000359820	1/8/2007	7/5/2007		97,266		97,266		-		7/5/2007
	0000358565	1/10/2007	4/6/2007		98,024		98,514		490		4/6/2007
	0000361386	1/24/2007	4/19/2007		272,520		276,949		4,428		4/19/2007
	0000361909	1/26/2007	4/18/2007		118,526		118,378		(148	)	4/18/2007
	0000362032	1/26/2007	5/25/2007		221,139		216,440		(4,699	)	5/25/2007
	0000360538	2/1/2007	7/5/2007		151,384		148,924		(2,460	)	7/5/2007
	0000364462	2/14/2007	4/19/2007		176,512		176,070		(441	)	4/19/2007
	0000364111	2/16/2007	4/19/2007		140,230		140,581		351		4/19/2007
	0000365108	2/22/2007	7/5/2007		228,779		228,493		(286	)	7/5/2007
	0000363101	2/28/2007	5/16/2007		343,754		340,316		(3,438	)	5/16/2007
	0000363543	3/1/2007	5/16/2007		229,188		232,625		3,438		5/16/2007
	0000363163	3/2/2007	5/25/2007		283,182		287,430		4,248		5/25/2007
	0000367001	3/6/2007	7/5/2007		413,528		411,978		(1,551	)	7/5/2007
	0000366253	3/13/2007	7/18/2007		165,249		160,498		(4,751	)	7/18/2007
	0000367878	3/19/2007	7/23/2007		94,479		93,298		(1,181	)	7/23/2007
	0000368126	3/22/2007	6/8/2007		76,734		77,309		576		6/8/2007
	0000368489	3/22/2007	7/5/2007		93,720		92,782		(937	)	7/5/2007
	0000369548	3/22/2007	7/18/2007		223,105		219,480		(3,625	)	7/18/2007
	0000369672	4/2/2007	7/18/2007		407,882		404,823		(3,059	)	7/18/2007
	0000371240	4/5/2007	4/5/2007		212,093		214,479		2,386		4/5/2007
	0000371402	4/5/2007	4/5/2007		139,194		141,977		2,784		4/5/2007
	0000370997	4/17/2007	7/25/2007		114,759		116,337		1,578		7/25/2007
	0000372876	4/20/2007	8/3/2007		260,916		249,501		(11,415	)	8/3/2007
	0000371498	4/26/2007	7/25/2007		426,805		424,671		(2,134	)	7/25/2007
	0000373738	5/3/2007	7/25/2007		260,564		259,261		(1,303	)	7/25/2007
	0000373805	5/3/2007	8/3/2007		324,505		322,477		(2,028	)	8/3/2007
	0000373859	5/3/2007	7/25/2007		262,122		256,224		(5,898	)	7/25/2007
	0000372868	5/4/2007	8/15/2007		161,550		160,338		(1,212	)	8/15/2007
	0000377442	5/10/2007	5/10/2007		292,355		292,355		-		5/10/2007
	0000376305	5/21/2007	8/15/2007		245,272		247,418		2,146		8/15/2007
	0000378002	5/22/2007	7/23/2007		298,889		293,285		(5,604	)	7/23/2007
	0000374865	5/23/2007	5/23/2007		528,019		542,539		14,521		5/23/2007
	0000373779	5/25/2007	7/23/2007		404,022		406,042		2,020		7/23/2007
	0000379701	5/30/2007	8/17/2007		395,096		387,194		(7,902	)	8/17/2007
	0000376921	5/31/2007	5/29/2007		359,532		359,981		449		5/29/2007
	0000379859	5/31/2007	7/23/2007		96,415		95,451		(964	)	7/23/2007
	0000377932	6/1/2007	8/16/2007		174,760		166,241		(8,520	)	8/16/2007
	0000378701	6/5/2007	7/24/2007		874,890		882,545		7,655		7/24/2007
	0000377762	6/6/2007	8/15/2007		320,170		312,966		(7,204	)	8/15/2007
	0000378301	6/6/2007	8/17/2007		545,500		545,500		-		8/17/2007
	0000379200	6/6/2007	8/17/2007		175,922		172,184		(3,738	)	8/17/2007
	0000378219	6/8/2007	6/8/2007		700,898		711,412		10,513		6/8/2007
	0000380975	6/11/2007	7/23/2007		232,393		230,360		(2,033	)	7/23/2007
	0000378523	6/15/2007	8/16/2007		234,502		230,691		(3,811	)	8/16/2007
	0000378492	6/19/2007	8/15/2007		434,552		429,120		(5,432	)	8/15/2007
	0000380891	6/28/2007	8/24/2007		210,581		212,950		2,369		8/24/2007
	0000383783	6/28/2007	9/5/2007		276,201		276,201		-		9/5/2007

				Unpaid							Date
				Principal							Transferred
		Date		Amount		Fair Value at		Unrecognized			to Mortgage
		Originally	Date	on Date of		Repurchase		Gains			Loans Held
Loan No.		Sold	Repurchased	Repurchase		Date		(Losses)			for Investment	Comment
	0000383111	6/29/2007	10/15/2007	$	450,297	$	450,297	$	-		10/15/2007
	0000384760	7/5/2007	9/7/2007		59,556		59,556		-		9/7/2007	Second mortgage
	0000383321	7/6/2007	9/7/2007		87,273		87,273		-		9/7/2007	Second mortgage
	0000384014	7/6/2007	9/7/2007		121,398		121,398		-		9/7/2007	Second mortgage
	0000384048	7/6/2007	10/2/2007		67,345		67,850		505		10/2/2007
	0000384301	7/12/2007	11/2/2007		89,339		91,684		2,345		11/2/2007
	0000386724	7/13/2007	10/23/2007		367,577		368,496		919		10/23/2007
	0000384842	7/18/2007	9/7/2007		91,326		91,326		-		9/7/2007	Second mortgage
	0000383794	7/20/2007	9/7/2007		12,711		12,711		-		9/7/2007	Second mortgage
	0000384918	7/20/2007	9/7/2007		69,096		69,096		-		9/7/2007	Second mortgage
	0000380779	7/23/2007	11/2/2007		32,612		33,753		1,141		11/2/2007
	0000383208	7/23/2007	10/2/2007		288,808		288,808		-		10/2/2007
	0000384902	7/23/2007	8/8/2007		275,615		271,481		(4,134	)	8/8/2007
	0000387455	7/23/2007	9/7/2007		148,091		148,091		-		9/7/2007	Second mortgage
	0000386316	7/27/2007	1/10/2008		76,040		76,040		-		1/10/2008
	0000387760	7/27/2007	9/7/2007		52,415		52,415		-		9/7/2007	Second mortgage
	0000386848	7/30/2007	9/7/2007		23,552		23,552		-		9/7/2007	Second mortgage
	0000387513	7/30/2007	11/8/2007		321,637		329,276		7,639		11/8/2007
	0000388152	7/30/2007	9/7/2007		45,805		45,805		-		9/7/2007	Second mortgage
	0000383602	7/31/2007	11/8/2007		518,174		518,174		-		11/8/2007
	0000383603	7/31/2007	9/7/2007		63,680		63,680		-		9/7/2007	Second mortgage
	0000386048	7/31/2007	9/7/2007		133,116		133,116		-		9/7/2007	Second mortgage
	0000386780	7/31/2007	9/7/2007		110,480		110,480		-		9/7/2007	Second mortgage
	0000388419	7/31/2007	9/7/2007		172,853		172,853		-		9/7/2007	Second mortgage
	0000388472	7/31/2007	9/7/2007		33,492		33,492		-		9/7/2007	Second mortgage
	0000388498	7/31/2007	11/6/2007		377,907		383,575		5,669		11/6/2007
	0000388621	7/31/2007	9/7/2007		101,723		101,723		-		9/7/2007	Second mortgage
	0000386108	8/2/2007	9/12/2007		183,349		187,016		3,667		9/12/2007
	0000386202	8/2/2007	9/12/2007		291,258		294,171		2,913		9/12/2007
	0000387432	8/2/2007	10/9/2007		149,738		152,920		3,182		10/9/2007
	0000387770	8/2/2007	9/24/2007		142,583		146,148		3,565		9/24/2007
	0000387785	8/2/2007	10/15/2007		59,554		59,554		-		10/15/2007
	0000383933	8/3/2007	11/8/2007		141,977		144,284		2,307		11/8/2007
	0000385514	8/3/2007	11/2/2007		107,018		107,018		-		11/2/2007
	0000385541	8/3/2007	9/7/2007		82,294		82,294		-		9/7/2007	Second mortgage
	0000386886	8/3/2007	11/6/2007		190,418		190,418		-		11/6/2007
	0000388616	8/3/2007	11/6/2007		146,115		146,115		-		11/6/2007
	0000388687	8/3/2007	9/7/2007		47,523		47,523		-		9/7/2007	Second mortgage
	0000389017	8/3/2007	9/7/2007		24,313		24,313		-		9/7/2007	Second mortgage
	0000384348	8/6/2007	11/6/2007		163,561		163,561		-		11/6/2007
	0000380328	8/8/2007	11/8/2007		730,330		730,330		-		11/8/2007
	0000383148	8/8/2007	9/7/2007		124,616		124,616		-		9/7/2007	Second mortgage
	0000387151	8/8/2007	11/6/2007		186,961		186,961		-		11/6/2007
	0000389674	8/8/2007	9/7/2007		45,424		45,424		-		9/7/2007	Second mortgage
	0000383141	8/10/2007	11/6/2007		498,008		500,498		2,490		11/6/2007
	0000388263	8/10/2007	11/6/2007		184,244		184,244		-		11/6/2007
	0000388413	8/10/2007	9/7/2007		51,402		51,402		-		9/7/2007	Second mortgage
	0000389295	8/10/2007	11/6/2007		211,963		211,963		-		11/6/2007
	0000389373	8/10/2007	9/7/2007		50,438		50,438		-		9/7/2007	Second mortgage
	0000390584	8/10/2007	9/7/2007		20,728		20,728		-		9/7/2007	Second mortgage
	0000387861	8/13/2007	9/7/2007		64,435		64,435		-		9/7/2007	Second mortgage
	0000390568	8/15/2007	11/6/2007		180,303		181,204		902		11/6/2007
	0000387977	8/16/2007	11/6/2007		448,085		448,085		-		11/6/2007
	0000391441	8/17/2007	9/7/2007		35,183		35,183		-		9/7/2007	Second mortgage

				Unpaid							Date
				Principal							Transferred
		Date		Amount		Fair Value at		Unrecognized			to Mortgage
		Originally	Date	on Date of		Repurchase		Gains			Loans Held
Loan No.		Sold	Repurchased	Repurchase		Date		(Losses)			for Investment	Comment
	0000389620	8/20/2007	9/7/2007	$	48,660	$	48,660	$	-		9/7/2007	Second mortgage
	0000392712	8/22/2007	9/7/2007		90,105		90,105		-		9/7/2007	Second mortgage
	0000389032	8/23/2007	3/22/2008		388,488		393,344		4,856		3/22/2008
	0000389795	8/23/2007	9/7/2007		116,754		116,754		-		9/7/2007	Second mortgage
	0000391266	8/23/2007	2/6/2008		285,985		289,560		3,575		2/6/2008
	0000389080	8/27/2007	9/7/2007		58,159		58,159		-		9/7/2007	Second mortgage
	0000390829	8/27/2007	9/7/2007		61,284		61,284		-		9/7/2007	Second mortgage
	0000388125	8/28/2007	10/18/2007		163,487		167,370		3,883		10/18/2007
	0000391848	8/28/2007	1/10/2008		279,006		280,052		1,046		1/10/2008
	0000388411	8/30/2007	11/6/2007		105,766		108,014		2,248		11/6/2007
	0000386777	8/31/2007	3/22/2008		284,456		292,990		8,534		3/22/2008
	0000390339	8/31/2007	9/7/2007		50,432		50,432		-		9/7/2007	Second mortgage
	0000390635	8/31/2007	11/6/2007		488,577		488,577		-		11/6/2007
	0000391526	8/31/2007	11/6/2007		170,101		168,825		(1,276	)	11/6/2007
	0000391531	8/31/2007	9/7/2007		20,993		20,993		-		9/7/2007	Second mortgage
	0000392283	8/31/2007	11/6/2007		291,486		292,579		1,093		11/6/2007
	0000392717	8/31/2007	11/6/2007		76,395		76,968		573		11/6/2007
	0000393295	8/31/2007	2/6/2008		213,907		214,441		535		2/6/2008
	0000393413	8/31/2007	10/23/2007		61,416		63,182		1,766		10/23/2007
	0000392734	9/6/2007	9/7/2007		16,450		16,450		-		9/7/2007	Second mortgage
	0000393755	9/14/2007	11/6/2007		307,655		308,808		1,154		11/6/2007
	0000397794	9/28/2007	11/6/2007		490,469		503,344		12,875		11/6/2007
	0000394599	10/3/2007	2/6/2008		34,484		34,484		-		2/6/2008
	0000398973	10/12/2007	1/30/2008		193,848		196,998		3,150		1/30/2008
	0000397237	10/18/2007	10/26/2007		229,819		234,416		4,596		10/26/2007
	0000397546	10/18/2007	2/6/2008		290,205		292,744		2,539		2/6/2008
	0000397836	10/29/2007	1/17/2008		249,140		250,697		1,557		1/17/2008
	0000401347	11/1/2007	2/6/2008		285,493		290,132		4,639		2/6/2008
	0000399618	11/2/2007	3/3/2008		380,195		381,145		950		3/3/2008
	0000400563	11/2/2007	3/3/2008		178,995		180,562		1,566		3/3/2008
	0000401874	11/2/2007	3/3/2008		333,152		333,984		833		3/3/2008
	0000398717	11/7/2007	3/3/2008		144,115		145,376		1,261		3/3/2008
	0000401129	11/7/2007	1/17/2008		185,702		187,327		1,625		1/17/2008
	0000402579	11/8/2007	3/3/2008		76,192		76,859		667		3/3/2008
	0000401965	11/15/2007	1/17/2008		115,918		116,353		435		1/17/2008
	0000401640	11/19/2007	1/17/2008		211,187		210,131		(1,056	)	1/17/2008
	0000402731	11/19/2007	3/22/2008		312,154		308,642		(3,512	)	3/22/2008
	0000403623	11/19/2007	3/22/2008		93,729		95,135		1,406		3/22/2008
	0000403657	11/19/2007	3/22/2008		126,225		127,961		1,736		3/22/2008
	0000392356	11/28/2007	2/6/2008		64,205		64,285		80		2/6/2008
	0000398830	12/3/2007	4/5/2008		265,824		265,824		-		4/5/2008
	0000403313	12/3/2007	3/22/2008		231,169		230,880		(289	)	3/22/2008
	0000403460	12/3/2007	3/22/2008		269,530		275,931		6,401		3/22/2008
	0000403834	12/3/2007	2/15/2008		177,994		178,439		445		2/15/2008
	0000404076	12/3/2007	3/22/2008		272,738		277,511		4,773		3/22/2008
	0000404161	12/3/2007	3/22/2008		414,833		418,981		4,148		3/22/2008
	0000405156	12/3/2007	3/22/2008		300,564		303,570		3,006		3/22/2008
	0000405179	12/3/2007	3/22/2008		63,509		63,747		238		3/22/2008
	0000406217	12/3/2007	3/22/2008		367,155		364,401		(2,754	)	3/22/2008

				Unpaid							Date
				Principal							Transferred
		Date		Amount		Fair Value at		Unrecognized			to Mortgage
		Originally	Date	on Date of		Repurchase		Gains			Loans Held
Loan No.		Sold	Repurchased	Repurchase		Date		(Losses)			for Investment	Comment
	0000399498	12/5/2007	4/5/2008	$	133,408	$	135,909	$	2,501		4/5/2008
	0000402910	12/7/2007	3/22/2008		84,303		83,986		(316	)	3/22/2008
	0000404475	12/7/2007	3/22/2008		104,584		104,584		-		3/22/2008
	0000405718	12/10/2007	4/2/2008		403,441		400,415		(3,026	)	4/2/2008
	0000401355	12/13/2007	4/2/2008		198,604		198,604		-		4/2/2008
	0000403433	12/21/2007	3/6/2008		60,372		61,353		981		3/6/2008
	0000404292	12/21/2007	4/14/2008		561,902		561,902		-		4/14/2008
	0000406046	12/31/2007	4/2/2008		355,669		356,113		445		4/2/2008
	0000407797	12/31/2007	4/14/2008		419,647		431,711		12,065		4/14/2008
	0000408472	12/31/2007	4/14/2008		271,094		268,044		(3,050	)	4/14/2008
	0000405587	1/3/2008	5/2/2008		88,655		90,539		1,884		5/2/2008
	0000407451	1/3/2008	3/6/2008		101,156		101,283		126		3/6/2008
	0000409219	1/10/2008	5/7/2008		256,620		254,695		(1,925	)	5/7/2008
	0000405832	1/17/2008	5/2/2008		286,063		286,063		-		5/2/2008
	0000409945	1/17/2008	5/2/2008		153,398		154,165		767		5/2/2008
	0000410311	1/17/2008	5/2/2008		101,733		100,716		(1,017	)	5/2/2008
	0000410513	1/17/2008	5/7/2008		295,687		298,274		2,587		5/7/2008
	0000411123	1/17/2008	5/7/2008		359,280		359,280		-		5/7/2008
	0000408350	1/25/2008	5/2/2008		148,812		148,812		-		5/2/2008
				$	36,290,743	$	36,379,793	$	89,050