Reliance Bank Mortgage Rates, Fees & Info

FRONTENAC, MO

LEI: 54930002WCVKQA28V776

Tax ID: 43-1847242

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Reliance Bank is a smaller bank specializing in Home Purchase loans. Reliance Bank has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Denver, Breckenridge, Phoenix, and Dallas among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Reliance Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Reliance Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    51

    Origination Dollar Volume (All Markets)

    $26,595,000

    Awards

    RELIANCE BANK 30 Year Conventional Loans silver RELIANCE BANK 30 Year Conventional Loans bronze RELIANCE BANK 30 Year Conventional Loans gold RELIANCE BANK 30 Year Conventional Loans gold
    Show all (4) awards

    Top 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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 43 $22,285,000 $518,256 $1,683 4.35%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $1,440,000 $720,000 $3,969 3.63%
    Breckenridge, CO (FHA|USDA|VA) 2 $1,400,000 $700,000 $2,881 4.38%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $575,000 $575,000 $5,273 4.38%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $455,000 $455,000 $0 4.50%
    Outside of Metro Areas 1 $265,000 $265,000 $2,770 4.38%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $175,000 $175,000 $2,542 4.38%
    Reliance Bank's top markets include St. Louis, Denver, Breckenridge, Phoenix, and Dallas among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against RELIANCE BANK based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Ozarks Federal Savings and Loan Association
    Similarity Rank: 100
    Community Bank of Trenton
    Similarity Rank: 108
    First National Bank of Waterloo
    Similarity Rank: 200
    RELIANCE BANK
    Similarity Rank: 238
    CapGrow Home Mortgage, LLC
    Similarity Rank: 272
    JERSEY STATE BANK
    Similarity Rank: 354
    Farmers and Merchants Bank of St. Clair
    Similarity Rank: 408
    United Bank of Union
    Similarity Rank: 415
    HNB National Bank
    Similarity Rank: 576
    Bank of Hillsboro
    Similarity Rank: 679

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 51 $26,595,000 $521,471 $2,086 4.32%

    For 2018, Reliance Bank's most frequently originated type of loan was Conventional, with 51 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 26 $17,220,000 $662,308 $2,906 4.39%
    Refi 12 $4,380,000 $365,000 $1,826 4.38%
    Home Improvement 7 $835,000 $119,286 $151 3.56%
    Cash Out Refi 6 $4,160,000 $693,333 $2,468 4.80%

    For 2018, Reliance Bank's most frequently cited loan purpose was Home Purchase, with 26 originations. The 2nd most popular reason was Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 22 $7,220,000 $328,182 $2,655 4.09%
    Other 10 $13,610,000 $1,361,000 $0 4.82%
    5 Year 7 $5,045,000 $720,714 $0 4.84%
    10 Year 7 $125,000 $17,857 $151 3.81%
    20 Year 3 $345,000 $115,000 $2,073 4.08%
    1 Year 1 $155,000 $155,000 $0 5.50%
    15 Year 1 $95,000 $95,000 $1,792 4.13%

    For 2018, Reliance Bank's most frequently cited loan duration was 30 Year, with 22 originations. The 2nd most popular length was Other, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 25 $7,525,000 $301,000

    Reliance Bank's average total fees were $2,655, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 25 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 28 $12,230,000 $436,786
    3-4% 14 $3,190,000 $227,857
    5-6% 8 $11,030,000 $1,378,750
    <2.5% 1 $145,000 $145,000

    During 2018, Reliance Bank's average interest rate for loans was 4.09%, while their most frequently originated rate bucket for loans was 4-5%, with 28 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 14 $2,050,000 $146,429 $2,270 4.24%
    $100,000 or less 11 $465,000 $42,273 $578 4.01%
    $600k-1MM 9 $6,925,000 $769,444 $3,671 4.55%
    $400k-600k 7 $3,495,000 $499,286 $3,313 4.48%
    $200k-400k 6 $1,820,000 $303,333 $2,164 4.20%
    $1MM+ 4 $11,840,000 $2,960,000 $0 4.88%

    2018 saw Reliance Bank place emphasis on $100k-200k loans with 14 originations, totaling $2,050,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 9 $1,335,000 $148,333 $1,868 4.23%
    $250k+ 7 $4,105,000 $586,429 $3,527 4.21%
    $50k or less 7 $595,000 $85,000 $1,416 4.14%
    $75k-100k 6 $670,000 $111,667 $1,446 4.06%
    $150k-250k 3 $595,000 $198,333 $2,504 3.29%
    $100k-150k 2 $640,000 $320,000 $2,061 4.06%

    Reliance Bank lent most frequently to those with incomes in the $50k-75k range, with 9 originations. The second most popular income band? $250k+, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 10 $1,620,000 $162,000 $2,133 4.28%
    30-36% 7 $1,995,000 $285,000 $1,830 4.00%
    42% 3 $605,000 $201,667 $1,429 3.91%
    40% 2 $140,000 $70,000 $1,427 4.06%
    48% 2 $290,000 $145,000 $2,030 4.44%
    37% 2 $890,000 $445,000 $2,705 2.38%
    45% 2 $1,190,000 $595,000 $3,588 3.38%
    50-60% 1 $425,000 $425,000 $2,948 4.75%
    38% 1 $135,000 $135,000 $0 4.75%
    39% 1 $135,000 $135,000 $2,625 4.38%
    44% 1 $75,000 $75,000 $1,931 3.88%
    49% 1 $265,000 $265,000 $1,812 3.88%
    <20% 1 $105,000 $105,000 $1,702 4.75%

    Reliance Bank lent most frequently to those with DTI ratios of 20-30%, with 10 originations. The next most common DTI ratio? 30-36%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 15 $18,485,000 $1,232,333 $0 4.84%
    White 32 $8,050,000 $251,563 $2,373 4.19%
    Black 4 $60,000 $15,000 $150 3.49%

    Approval Rates

    Total approvals of all applications
    78.49%

    Reliance Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.35%

    Reliance Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 51 $26,595,000 $521,471

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $17,210,000 $1,434,167
    Single Family (1-4 Units):Site-Built 39 $9,385,000 $240,641

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $80,000 $20,000 $151 4.04%
    40-60% 9 $4,675,000 $519,444 $3,268 4.54%
    60-80% 30 $20,120,000 $670,667 $2,454 4.39%
    80-100% 4 $930,000 $232,500 $2,450 4.31%
    Under 20% 4 $790,000 $197,500 $151 3.62%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    RELIANCE FIRST CAPITAL LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 33.3%
    RELIANCE FIRST CAPITAL LLC Conventional home mortgage Closing on a mortgage 1 11.1%
    RELIANCE FIRST CAPITAL LLC Conventional home mortgage Struggling to pay mortgage 1 11.1%
    RELIANCE FIRST CAPITAL LLC FHA mortgage Trouble during payment process 1 11.1%
    RELIANCE FIRST CAPITAL LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 22.2%
    RELIANCE FIRST CAPITAL LLC VA mortgage Incorrect information on your report 1 11.1%