1st Reliant Home Loans Mortgage Rates, Fees & Info

LUTHERVILLE TIMONIUM, MD

LEI: 549300MIDG4TRYO5ON35

Tax ID: 20-4115285

1.6 stars - out of 5 stars, based on 14 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

1st Reliant Home Loans is a smaller mortgage company specializing in Refi and Home Purchase loans. 1st Reliant Home Loans has a high proportion of conventional loans. Their top markets include Los Angeles, Riverside, Dallas, New York, and Houston among others. 1st Reliant Home Loans has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. 1st Reliant Home Loans is typically a high fee lendor.


Originations

202

Origination Dollar Volume (All Markets)

$95,550,000

Relative Rate

1st Reliant Home Loans 's average 30 year fixed rate mortgage of loans were 3.69%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.54%.

Relative Fees

1st Reliant Home Loans 's average total fees for a 30 year fixed rate mortgage are $6,513.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 56 $37,210,000 $664,464 $7,433 3.57%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 13 $6,515,000 $501,154 $7,646 3.61%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 15 $6,315,000 $421,000 $7,844 3.32%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 15 $5,965,000 $397,667 $5,744 3.23%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 15 $4,625,000 $308,333 $7,710 3.90%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $3,790,000 $947,500 $7,625 3.66%
Outside of Metro Areas 13 $3,675,000 $282,692 $4,782 4.11%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 5 $3,465,000 $693,000 $6,919 3.70%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 7 $3,425,000 $489,286 $5,293 2.84%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $3,120,000 $520,000 $6,716 4.15%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $1,690,000 $281,667 $5,351 4.06%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $1,625,000 $232,143 $10,232 4.84%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $1,515,000 $303,000 $4,589 3.42%
MODESTO, CA (FHA|USDA|VA) 5 $1,325,000 $265,000 $3,143 2.50%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $1,220,000 $610,000 $4,239 2.75%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $1,030,000 $515,000 $4,065 2.81%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $1,005,000 $335,000 $3,990 3.08%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $900,000 $450,000 $4,273 2.56%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $870,000 $435,000 $5,961 2.62%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $750,000 $375,000 $7,530 3.63%
FRESNO, CA (FHA|USDA|VA) 2 $720,000 $360,000 $3,267 2.68%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $545,000 $545,000 $3,103 2.49%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $545,000 $545,000 $3,805 2.63%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $510,000 $255,000 $3,972 2.88%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $485,000 $485,000 $5,191 2.99%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $475,000 $475,000 $3,645 2.99%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $400,000 $200,000 $2,958 2.75%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $395,000 $395,000 $3,862 2.50%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $355,000 $355,000 $5,678 2.75%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $335,000 $335,000 $4,345 1.99%
TOLEDO, OH (FHA|USDA|VA) 1 $215,000 $215,000 $4,445 2.13%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.50%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $195,000 $195,000 $4,346 2.50%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $125,000 $125,000 $3,893 3.25%

1st Reliant Home Loans 's top markets include Los Angeles, Riverside, Dallas, New York, and Houston among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 202 $95,550,000 $473,020 $6,283 3.50%

For the 2021 period, 1st Reliant Home Loans 's most frequently originated loan type of loans were Conventional, with 202 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 152 $75,490,000 $496,645 $6,151 3.30%
Home Purchase 48 $19,280,000 $401,667 $7,255 4.17%
Home Improvement 1 $425,000 $425,000 $6,680 3.25%
Cash Out Refi 1 $355,000 $355,000 $4,797 3.38%

For the 2021, 1st Reliant Home Loans 's most frequently cited loan purpose of loans were Refi, with 152 originations. The 2nd most popular reason of loans were Home Purchase, with 48 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 171 $82,235,000 $480,906 $6,513 3.69%
15 Year 21 $10,205,000 $485,952 $5,584 2.39%
20 Year 6 $1,850,000 $308,333 $5,178 2.77%
10 Year 2 $690,000 $345,000 $5,838 2.18%
Other 2 $570,000 $285,000 $3,294 2.50%

For the 2021, 1st Reliant Home Loans 's most frequently cited loan length of loans were 30 Year, with 171 originations. The 2nd most popular length of loans were 15 Year, with 21 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$2k-3k 64 $29,780,000 $465,313
$1k-2k 54 $21,520,000 $398,519
$5k+ 47 $32,855,000 $699,043
$3k-4k 33 $9,755,000 $295,606
$<1k 4 $1,640,000 $410,000

$6,513 of loans were 1st Reliant Home Loans 's average total fees, while their most frequently occuring range of origination fees were in the $2k-3k bucket, with 64 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 64 $33,910,000 $529,844
3-4% 41 $17,995,000 $438,902
4-5% 41 $17,495,000 $426,707
<2.5% 38 $15,070,000 $396,579
5-6% 17 $10,395,000 $611,471
6-7% 1 $685,000 $685,000

During 2021, 1st Reliant Home Loans 's average interest rate of loans were 3.69%, while their most frequently originated rate bucket of loans were 2.5-3%, with 64 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 85 $24,485,000 $288,059 $5,379 3.49%
$400k-600k 47 $22,985,000 $489,043 $5,528 3.09%
$600k-1MM 32 $23,560,000 $736,250 $7,351 3.51%
$100k-200k 22 $3,510,000 $159,545 $4,683 3.95%
$1MM+ 16 $21,010,000 $1,313,125 $13,640 4.16%

2021 saw 1st Reliant Home Loans place emphasis on $200k-400k loans with 85 originations, totaling $24,485,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 48 $23,240,000 $484,167 $6,224 3.25%
$100k-150k 43 $16,325,000 $379,651 $5,402 3.26%
$250k+ 39 $27,635,000 $708,590 $8,011 3.23%
$50k or less 32 $16,560,000 $517,500 $5,046 4.66%
$75k-100k 25 $8,005,000 $320,200 $6,212 3.49%
$50k-75k 15 $3,785,000 $252,333 $5,048 3.29%

1st Reliant Home Loans lent most frequently to those with incomes in the $150k-250k range, with 48 originations. The second most popular income band? $100k-150k, with 43 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 44 $17,960,000 $408,182 $5,487 3.18%
<20% 24 $7,780,000 $324,167 $4,171 3.96%
30-36% 20 $10,610,000 $530,500 $7,871 3.08%
43% 11 $7,365,000 $669,545 $6,644 3.23%
37% 10 $6,150,000 $615,000 $7,756 3.30%
48% 9 $4,045,000 $449,444 $6,252 3.80%
49% 8 $2,800,000 $350,000 $5,462 3.06%
42% 7 $4,655,000 $665,000 $7,634 2.82%
36% 7 $3,065,000 $437,857 $6,660 3.39%
39% 6 $2,140,000 $356,667 $6,874 3.48%
40% 5 $1,845,000 $369,000 $4,917 2.95%
44% 5 $3,235,000 $647,000 $7,708 3.15%
41% 4 $990,000 $247,500 $7,890 3.09%
46% 4 $1,450,000 $362,500 $5,124 2.84%
47% 4 $1,600,000 $400,000 $5,049 3.15%
38% 4 $2,780,000 $695,000 $6,718 2.56%
45% 3 $1,305,000 $435,000 $2,834 2.58%
Exempt% 1 $935,000 $935,000 $0 4.75%

1st Reliant Home Loans lent most frequently to those with DTI ratios of 20-30%, with 44 originations. The next most common DTI ratio? <20%, with 24 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Asian 86 $38,680,000 $449,767 $6,901 3.77%
White 73 $37,775,000 $517,466 $5,673 3.31%
Not provided 40 $18,250,000 $456,250 $6,508 3.31%
Black 3 $845,000 $281,667 $6,398 3.16%

Approval Rates

Total approvals of all applications
96.85%

1st Reliant Home Loans has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
78.77%

1st Reliant Home Loans has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
10454.38 1 $195,000 $195,000
11572.42 1 $165,000 $165,000
11600.54 1 $225,000 $225,000
12081.49 1 $165,000 $165,000
13454.25 1 $205,000 $205,000
13624.68 1 $205,000 $205,000
13728.56 1 $215,000 $215,000
14694.34 1 $165,000 $165,000
14721.2 1 $185,000 $185,000
14920.84 1 $225,000 $225,000
14944.34 1 $165,000 $165,000
15297.16 1 $275,000 $275,000
15972.0 1 $205,000 $205,000
16024.9 1 $285,000 $285,000
16034.68 1 $395,000 $395,000
16437.43 1 $185,000 $185,000
16486.92 1 $245,000 $245,000
16740.0 1 $285,000 $285,000
17026.76 1 $315,000 $315,000
18143.08 1 $205,000 $205,000
18191.44 1 $425,000 $425,000
19258.81 1 $275,000 $275,000
19320.32 1 $305,000 $305,000
19687.73 1 $205,000 $205,000
20568.44 1 $375,000 $375,000
20839.21 1 $315,000 $315,000
22047.04 1 $355,000 $355,000
22168.58 1 $395,000 $395,000
22622.21 1 $255,000 $255,000
22801.78 1 $245,000 $245,000
23050.06 1 $665,000 $665,000
24608.0 1 $765,000 $765,000
27501.08 1 $435,000 $435,000
32204.36 1 $625,000 $625,000
33334.18 1 $415,000 $415,000
40110.28 1 $865,000 $865,000
41533.75 1 $915,000 $915,000
45570.14 1 $935,000 $935,000
4560.92 1 $495,000 $495,000
46792.2 1 $685,000 $685,000
49493.7 1 $1,085,000 $1,085,000
54600.9 1 $1,255,000 $1,255,000
6251.0 1 $125,000 $125,000
66653.56 1 $1,105,000 $1,105,000
6685.61 1 $115,000 $115,000
6810.0 1 $135,000 $135,000
68555.9 1 $1,235,000 $1,235,000
7069.85 1 $205,000 $205,000
83226.69 1 $1,435,000 $1,435,000
NA 153 $74,395,000 $486,242

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
202 $95,550,000 $473,020

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 22 $11,720,000 $532,727 $8,057 3.09%
40-60% 53 $23,695,000 $447,075 $4,888 3.38%
60-80% 110 $52,350,000 $475,909 $6,521 3.73%
80-100% 16 $7,570,000 $473,125 $6,683 2.91%
Under 20% 1 $215,000 $215,000 $3,905 3.50%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
STERLING BANCORP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 5.3%
STERLING BANCORP Conventional home mortgage Closing on a mortgage 1 5.3%
STERLING BANCORP Conventional home mortgage Struggling to pay mortgage 4 21.1%
STERLING BANCORP Conventional home mortgage Trouble during payment process 9 47.4%
STERLING BANCORP Home equity loan or line of credit (HELOC) Trouble during payment process 1 5.3%
STERLING BANCORP Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 5.3%
STERLING BANCORP Other type of mortgage Trouble during payment process 2 10.5%