1st Reliant Home Loans Mortgage Rates, Fees & Info
LUTHERVILLE TIMONIUM, MDLEI: 549300MIDG4TRYO5ON35
Tax ID: 20-4115285
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Mortgage Data
Review & Overview
1st Reliant Home Loans is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. 1st Reliant Home Loans has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Seattle, Denver, Orlando, and Lakeland among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)1st Reliant Home Loans 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. 1st Reliant Home Loans is typically a high 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 relatively high rates.
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Originations
75Origination Dollar Volume (All Markets)
$30,615,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 24 | $14,870,000 | $619,583 | $10,409 | 5.48% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 12 | $3,320,000 | $276,667 | $10,884 | 5.10% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 7 | $1,885,000 | $269,286 | $10,486 | 4.91% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $1,715,000 | $245,000 | $8,635 | 5.71% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 5 | $1,675,000 | $335,000 | $0 | 6.10% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $13,442 | 5.30% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $11,965 | 6.38% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $14,939 | 6.29% |
| Outside of Metro Areas | 2 | $660,000 | $330,000 | $9,291 | 5.74% |
| MERCED, CA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 7.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $12,277 | 5.88% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 6.90% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $6,116 | 5.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $6,865 | 4.94% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,764 | 4.63% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 7.70% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $12,342 | 4.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,369 | 5.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.99% |
Similar Lenders
We use machine learning to identify the top lenders compared against 1ST RELIANT HOME LOANS 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 | 50 | $23,020,000 | $460,400 | $8,161 | 5.79% |
| FHA | 25 | $7,595,000 | $303,800 | $12,565 | 4.86% |
For 2018, 1st Reliant Home Loans's most frequently originated type of loan was Conventional, with 50 originations. Their 2nd most popular type was FHA, with 25 originations.
Loan Reason
For 2018, 1st Reliant Home Loans's most frequently cited loan purpose was Cash Out Refi, with 26 originations. The 2nd most popular reason was Refi, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 74 | $30,240,000 | $408,649 | $10,410 | 5.48% |
| 30+ year | 1 | $375,000 | $375,000 | $8,336 | 5.75% |
For 2018, 1st Reliant Home Loans's most frequently cited loan duration was 30 Year, with 74 originations. The 2nd most popular length was 30+ year, with 1 originations.
Origination Fees/Closing Costs
1st Reliant Home Loans's average total fees were $10,410, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 41 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 29 | $11,455,000 | $395,000 |
| 5-6% | 28 | $11,040,000 | $394,286 |
| 6-7% | 11 | $5,425,000 | $493,182 |
| 7-8% | 5 | $1,915,000 | $383,000 |
| 3-4% | 2 | $780,000 | $390,000 |
During 2018, 1st Reliant Home Loans's average interest rate for loans was 5.48%, while their most frequently originated rate bucket for loans was 4-5%, with 29 originations.
Loan Sizing
2018 saw 1st Reliant Home Loans place emphasis on $200k-400k loans with 43 originations, totaling $12,865,000 in origination value.
Applicant Income
1st Reliant Home Loans lent most frequently to those with incomes in the $50k-75k range, with 14 originations. The second most popular income band? $100k-150k, with 13 originations.
Applicant Debt to Income Ratio
1st Reliant Home Loans lent most frequently to those with DTI ratios of 50-60%, with 12 originations. The next most common DTI ratio? 30-36%, with 11 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.37%
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 origination46.67%
1st Reliant Home Loans has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 22 | $9,980,000 | $453,636 |
| 12750.98 | 1 | $275,000 | $275,000 |
| 13662.92 | 1 | $365,000 | $365,000 |
| 14714.06 | 1 | $225,000 | $225,000 |
| 14849.29 | 1 | $345,000 | $345,000 |
| 17721.25 | 1 | $355,000 | $355,000 |
| 18323.38 | 1 | $475,000 | $475,000 |
| 28246.88 | 1 | $785,000 | $785,000 |
| 78350.91 | 1 | $1,775,000 | $1,775,000 |
| NA | 45 | $16,035,000 | $356,333 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $255,000 | $255,000 |
| Single Family (1-4 Units):Site-Built | 74 | $30,360,000 | $410,270 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| STERLING BANCORP | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 13.3% |
| STERLING BANCORP | Conventional home mortgage | Closing on a mortgage | 2 | 13.3% |
| STERLING BANCORP | Conventional home mortgage | Struggling to pay mortgage | 5 | 33.3% |
| STERLING BANCORP | Conventional home mortgage | Trouble during payment process | 2 | 13.3% |
| STERLING BANCORP | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.7% |
| STERLING BANCORP | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.7% |
| STERLING BANCORP | Other type of mortgage | Struggling to pay mortgage | 1 | 6.7% |
| STERLING BANCORP | Other type of mortgage | Trouble during payment process | 1 | 6.7% |