Reliance Savings Bank Mortgage Rates, Fees & Info
Altoona, PALEI: 25490073NY7HKXVMGG76
Tax ID: 23-1012663
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Mortgage Data
Review & Overview
Reliance Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Reliance Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Altoona, State College, Erie, Johnstown, and Huntingdon among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Reliance Savings Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
304Origination Dollar Volume (All Markets)
$58,330,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| ALTOONA, PA (FHA|USDA|VA) | 181 | $23,425,000 | $129,420 | $0 | 0.00% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 64 | $18,320,000 | $286,250 | $0 | 0.00% |
| ERIE, PA (FHA|USDA|VA) | 2 | $4,860,000 | $2,430,000 | $0 | 0.00% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 15 | $3,005,000 | $200,333 | $0 | 0.00% |
| Huntingdon, PA (FHA|USDA|VA) | 14 | $2,690,000 | $192,143 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $2,470,000 | $247,000 | $0 | 0.00% |
| DuBois, PA (FHA|USDA|VA) | 5 | $735,000 | $147,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 0.00% |
| Selinsgrove, PA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 0.00% |
| Lock Haven, PA (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $0 | 0.00% |
| Somerset, PA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| Indiana, PA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Lewistown, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against Reliance Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 304 | $58,330,000 | $191,875 | $0 | 0.00% |
For 2024, Reliance Savings Bank's most frequently originated type of loan was Conventional, with 304 originations.
Loan Reason
For 2024, Reliance Savings Bank's most frequently cited loan purpose was Home Purchase, with 144 originations. The 2nd most popular reason was Home Improvement, with 58 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 304 | $58,330,000 | $191,875 | $0 | 0.00% |
For 2024, Reliance Savings Bank's most frequently cited loan duration was Other, with 304 originations.
Loan Sizing
2024 saw Reliance Savings Bank place emphasis on $100,000 or less loans with 157 originations, totaling $7,795,000 in origination value.
Applicant Income
Reliance Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 64 originations. The second most popular income band? $150k-250k, with 59 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 304 | $58,330,000 | $191,875 | $0 | 0.00% |
Reliance Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 304 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.58%
Reliance Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination89.80%
Reliance Savings Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 304 | $58,330,000 | $191,875 |