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 Home Purchase and Refi 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, Miami, Orlando, Riverside, and Tampa among others. We have data for 26 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
132Origination Dollar Volume (All Markets)
$55,990,000Top 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) | 22 | $15,980,000 | $726,364 | $14,997 | 5.29% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 31 | $10,085,000 | $325,323 | $14,897 | 5.55% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 29 | $8,845,000 | $305,000 | $8,594 | 5.54% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 11 | $6,065,000 | $551,364 | $17,288 | 5.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,710,000 | $285,000 | $11,577 | 6.02% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $1,655,000 | $551,667 | $9,092 | 6.90% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $1,495,000 | $1,495,000 | $0 | 7.75% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $1,120,000 | $560,000 | $4,797 | 6.09% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $1,080,000 | $540,000 | $7,600 | 7.19% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $8,580 | 5.04% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $0 | 7.15% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $0 | 6.58% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $0 | 5.43% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $5,922 | 5.60% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $14,377 | 4.94% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $6,109 | 4.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,391 | 7.65% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,303 | 4.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,066 | 7.50% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $9,345 | 6.31% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 5.50% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,879 | 4.63% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,406 | 4.38% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,716 | 5.63% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 6.10% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.50% |
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 | 112 | $49,180,000 | $439,107 | $12,637 | 5.84% |
| FHA | 18 | $6,030,000 | $335,000 | $13,474 | 4.64% |
| VA | 2 | $780,000 | $390,000 | $8,753 | 4.50% |
For 2019, 1st Reliant Home Loans's most frequently originated type of loan was Conventional, with 112 originations. Their 2nd most popular type was FHA, with 18 originations.
Loan Reason
For 2019, 1st Reliant Home Loans's most frequently cited loan purpose was Home Purchase, with 85 originations. The 2nd most popular reason was Refi, with 46 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 131 | $54,885,000 | $418,969 | $12,314 | 5.66% |
| 30+ year | 1 | $1,105,000 | $1,105,000 | $39,001 | 5.75% |
For 2019, 1st Reliant Home Loans's most frequently cited loan duration was 30 Year, with 131 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 $12,314, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 68 originations.
Interest Rates
During 2019, 1st Reliant Home Loans's average interest rate for loans was 5.66%, while their most frequently originated rate bucket for loans was 5-6%, with 57 originations.
Loan Sizing
2019 saw 1st Reliant Home Loans place emphasis on $200k-400k loans with 78 originations, totaling $23,460,000 in origination value.
Applicant Income
1st Reliant Home Loans lent most frequently to those with incomes in the $250k+ range, with 31 originations. The second most popular income band? $50k or less, with 27 originations.
Applicant Debt to Income Ratio
1st Reliant Home Loans lent most frequently to those with DTI ratios of 20-30%, with 25 originations. The next most common DTI ratio? <20%, with 13 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.52%
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 origination77.27%
1st Reliant Home Loans has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 11069.34 | 1 | $185,000 | $185,000 |
| 12114.96 | 1 | $225,000 | $225,000 |
| 12289.87 | 1 | $155,000 | $155,000 |
| 12377.4 | 1 | $255,000 | $255,000 |
| 12803.35 | 1 | $195,000 | $195,000 |
| 14058.17 | 1 | $285,000 | $285,000 |
| 14771.55 | 1 | $245,000 | $245,000 |
| 15558.28 | 1 | $265,000 | $265,000 |
| 15996.16 | 1 | $305,000 | $305,000 |
| 17327.51 | 1 | $235,000 | $235,000 |
| 17754.54 | 1 | $315,000 | $315,000 |
| 17845.42 | 1 | $275,000 | $275,000 |
| 19250.43 | 1 | $295,000 | $295,000 |
| 19810.86 | 1 | $325,000 | $325,000 |
| 19969.05 | 1 | $485,000 | $485,000 |
| 20207.5 | 1 | $335,000 | $335,000 |
| 20672.38 | 1 | $345,000 | $345,000 |
| 21455.0 | 1 | $425,000 | $425,000 |
| 22871.82 | 1 | $255,000 | $255,000 |
| 22950.86 | 1 | $305,000 | $305,000 |
| 23186.68 | 1 | $335,000 | $335,000 |
| 26624.44 | 1 | $765,000 | $765,000 |
| 29135.63 | 1 | $385,000 | $385,000 |
| 29665.43 | 1 | $395,000 | $395,000 |
| 30277.86 | 1 | $395,000 | $395,000 |
| 30680.49 | 1 | $455,000 | $455,000 |
| 34483.14 | 1 | $375,000 | $375,000 |
| 38036.82 | 1 | $945,000 | $945,000 |
| 41945.6 | 1 | $785,000 | $785,000 |
| 44650.63 | 1 | $395,000 | $395,000 |
| 47468.25 | 1 | $1,145,000 | $1,145,000 |
| 5021.1 | 1 | $125,000 | $125,000 |
| 6747.86 | 1 | $95,000 | $95,000 |
| 76547.3 | 1 | $1,355,000 | $1,355,000 |
| 7998.54 | 1 | $125,000 | $125,000 |
| 8161.13 | 1 | $355,000 | $355,000 |
| 8576.9 | 1 | $155,000 | $155,000 |
| 8844.86 | 1 | $165,000 | $165,000 |
| 90222.38 | 1 | $1,495,000 | $1,495,000 |
| 9463.57 | 1 | $225,000 | $225,000 |
| 9478.21 | 1 | $195,000 | $195,000 |
| NA | 91 | $39,615,000 | $435,330 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 132 | $55,990,000 | $424,167 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| STERLING BANCORP | Conventional home mortgage | Closing on a mortgage | 2 | 12.5% |
| STERLING BANCORP | Conventional home mortgage | Struggling to pay mortgage | 2 | 12.5% |
| STERLING BANCORP | Conventional home mortgage | Trouble during payment process | 8 | 50.0% |
| STERLING BANCORP | Home equity loan or line of credit (HELOC) | Trouble during payment process | 3 | 18.8% |
| STERLING BANCORP | Other type of mortgage | Trouble during payment process | 1 | 6.3% |