Reliant Community Federal Credit Union Mortgage Rates, Fees & Info

Sodus, NY

LEI: 549300E3VF26P7719Z56

Tax ID: 23-7107645

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Reliant Community Federal Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Reliant Community Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Syracuse, Auburn, Seneca Falls, and Buffalo among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Reliant Community Federal Credit Union 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. Reliant Community Federal Credit Union 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.74% 4/21/24
    30 Year Conventional Refi 6.83% 4/21/24
    30 Year Cash-out Refi 7.02% 4/21/24
    15 Year Conventional Purchase 6.32% 4/21/24
    15 Year Conventional Refi 6.06% 4/21/24
    15 Year Cash-out Refi 6.06% 4/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Reliant Community Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Reliant Community Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    791

    Origination Dollar Volume (All Markets)

    $88,735,000

    Awards

    RELIANT COMMUNITY FEDERAL CREDIT UNION 30 Year Conventional Loans gold RELIANT COMMUNITY FEDERAL CREDIT UNION 30 Year Conventional Loans bronze
    Show all (2) 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
    ROCHESTER, NY (FHA|USDA|VA) 755 $84,875,000 $112,417 $1,660 2.89%
    SYRACUSE, NY (FHA|USDA|VA) 9 $1,085,000 $120,556 $3,110 3.00%
    Auburn, NY (FHA|USDA|VA) 7 $725,000 $103,571 $1,266 3.67%
    Seneca Falls, NY (FHA|USDA|VA) 9 $545,000 $60,556 $1,653 3.14%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 3 $405,000 $135,000 $3,413 1.83%
    Corning, NY (FHA|USDA|VA) 3 $285,000 $95,000 $1,466 3.46%
    Outside of Metro Areas 2 $260,000 $130,000 $2,341 2.88%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $235,000 $235,000 $3,474 2.88%
    ELMIRA, NY (FHA|USDA|VA) 1 $175,000 $175,000 $3,253 2.75%
    Cortland, NY (FHA|USDA|VA) 1 $145,000 $145,000 $2,345 3.75%
    Reliant Community Federal Credit Union's top markets include Rochester, Syracuse, Auburn, Seneca Falls, and Buffalo among others.

    Their top states include:
  • New York (FHA|USDA|VA)

    • Similar Lenders

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

    Pittsford Federal Credit Union
    Similarity Rank: 70
    RELIANT COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 190
    ESL Federal Credit Union
    Similarity Rank: 276
    FAMILY FIRST OF NY
    Similarity Rank: 378
    Fairport Savings Bank
    Similarity Rank: 399
    THE SUMMIT Federal Credit Union
    Similarity Rank: 432
    Five Star Bank
    Similarity Rank: 589
    HOME TOWN FUNDING, INC.
    Similarity Rank: 1254
    The Lyons National Bank
    Similarity Rank: 1856
    PARAGON HOME LOANS INC.
    Similarity Rank: 1856

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 676 $79,870,000 $118,151 $1,688 3.40%
    HELOC 115 $8,865,000 $77,087 n/a 0.00%

    For 2020, Reliant Community Federal Credit Union's most frequently originated type of loan was Conventional, with 676 originations. Their 2nd most popular type was HELOC, with 115 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 355 $43,385,000 $122,211 $1,545 2.96%
    Home Purchase 148 $22,700,000 $153,378 $2,592 3.05%
    Home Improvement 124 $5,610,000 $45,242 $0 2.52%
    Cash Out Refi 95 $13,435,000 $141,421 $2,877 3.15%
    Other 69 $3,605,000 $52,246 $0 2.68%

    For 2020, Reliant Community Federal Credit Union's most frequently cited loan purpose was Refi, with 355 originations. The 2nd most popular reason was Home Purchase, with 148 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 263 $32,455,000 $123,403 $1,506 3.39%
    30 Year 200 $30,890,000 $154,450 $2,691 3.19%
    Other 147 $10,765,000 $73,231 $374 0.87%
    10 Year 84 $5,080,000 $60,476 $673 3.62%
    20 Year 51 $8,065,000 $158,137 $2,575 3.01%
    5 Year 42 $1,390,000 $33,095 $0 3.91%
    3 Year 4 $90,000 $22,500 $0 4.17%

    For 2020, Reliant Community Federal Credit Union's most frequently cited loan duration was 15 Year, with 263 originations. The 2nd most popular length was 30 Year, with 200 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 528 $54,060,000 $102,386
    $1k-2k 104 $16,360,000 $157,308
    $2k-3k 11 $1,855,000 $168,636
    $3k-4k 5 $1,155,000 $231,000
    $5k+ 2 $510,000 $255,000

    Reliant Community Federal Credit Union's average total fees were $2,691, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 528 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 245 $26,185,000 $106,878
    <2.5% 203 $21,635,000 $106,576
    2.5-3% 195 $27,615,000 $141,615
    4-5% 148 $13,300,000 $89,865

    During 2020, Reliant Community Federal Credit Union's average interest rate for loans was 3.19%, while their most frequently originated rate bucket for loans was 3-4%, with 245 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 402 $22,300,000 $55,473 $921 2.96%
    $100k-200k 298 $40,850,000 $137,081 $2,249 2.80%
    $200k-400k 84 $21,150,000 $251,786 $2,904 2.88%
    $400k-600k 5 $2,325,000 $465,000 $4,266 3.75%
    $1MM+ 1 $1,355,000 $1,355,000 $0 4.10%
    $600k-1MM 1 $755,000 $755,000 $0 4.85%

    2020 saw Reliant Community Federal Credit Union place emphasis on $100,000 or less loans with 402 originations, totaling $22,300,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 234 $22,260,000 $95,128 $1,681 2.97%
    $100k-150k 187 $24,175,000 $129,278 $1,711 2.84%
    $50k or less 140 $10,930,000 $78,071 $1,583 3.10%
    $75k-100k 134 $14,410,000 $107,537 $1,586 2.97%
    $150k-250k 65 $10,685,000 $164,385 $2,190 2.30%
    $250k+ 7 $1,125,000 $160,714 $1,807 1.83%

    Reliant Community Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 234 originations. The second most popular income band? $100k-150k, with 187 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 208 $20,900,000 $100,481 $1,510 2.72%
    30-36% 164 $18,620,000 $113,537 $1,773 2.76%
    <20% 66 $5,370,000 $81,364 $1,252 2.23%
    37% 38 $4,930,000 $129,737 $1,942 3.02%
    41% 36 $3,620,000 $100,556 $1,523 3.01%
    40% 34 $3,900,000 $114,706 $1,407 3.17%
    38% 33 $3,845,000 $116,515 $1,859 2.78%
    42% 28 $3,780,000 $135,000 $2,534 3.14%
    36% 27 $2,745,000 $101,667 $1,282 3.17%
    39% 26 $3,020,000 $116,154 $1,735 3.29%
    43% 24 $3,570,000 $148,750 $1,982 3.23%
    44% 18 $1,530,000 $85,000 $1,897 3.21%
    48% 13 $1,625,000 $125,000 $2,720 3.36%
    50-60% 12 $1,050,000 $87,500 $767 3.10%
    47% 11 $1,145,000 $104,091 $1,548 3.33%
    45% 10 $1,090,000 $109,000 $2,181 3.59%
    >60% 8 $360,000 $45,000 $727 3.44%
    46% 6 $1,240,000 $206,667 $3,076 3.57%
    49% 5 $585,000 $117,000 $2,051 2.95%

    Reliant Community Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 208 originations. The next most common DTI ratio? 30-36%, with 164 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 717 $77,335,000 $107,859 $1,666 2.85%
    Not applicable 17 $4,745,000 $279,118 $0 4.24%
    Not provided 39 $4,505,000 $115,513 $1,883 3.17%
    Black 13 $1,405,000 $108,077 $1,665 3.34%
    Asian 2 $570,000 $285,000 $5,013 2.81%
    American Indian 2 $90,000 $45,000 $1,424 3.40%
    Other Pacific Islander 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.37%

    Reliant Community Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    88.50%

    Reliant Community Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 791 $88,735,000 $112,181

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $235,000 $235,000
    Single Family (1-4 Units):Manufactured 13 $905,000 $69,615
    Single Family (1-4 Units):Site-Built 777 $87,595,000 $112,735

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 119 $5,995,000 $50,378 $340 2.69%
    40-60% 136 $13,290,000 $97,721 $1,589 2.58%
    60-80% 254 $33,950,000 $133,661 $2,174 3.04%
    80-100% 189 $29,625,000 $156,746 $2,341 3.03%
    Over 100% 6 $3,430,000 $571,667 $0 4.43%
    Under 20% 87 $2,445,000 $28,103 $0 2.95%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Reliant Home Funding, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%