1st Reliant Home Loans Mortgage Rates, Fees & Info

LUTHERVILLE TIMONIUM, MD

LEI: 549300MIDG4TRYO5ON35

Tax ID: 20-4115285

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

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Mortgage Data

Review & Overview

1st Reliant Home Loans is a smaller mortgage company specializing in Refi loans. 1st Reliant Home Loans has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, San Jose, New York, San Francisco, and Riverside among others. We have data for 25 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. 1st Reliant Home Loans is typically an average 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.

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Originations

194

Origination Dollar Volume (All Markets)

$89,520,000

Awards

1ST RELIANT HOME LOANS 30 Year Conventional Loans gold 1ST RELIANT HOME LOANS 30 Year Conventional Loans gold 1ST RELIANT HOME LOANS 30 Year Conventional Loans gold 1ST RELIANT HOME LOANS 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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 80 $41,380,000 $517,250 $5,355 3.01%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 23 $12,565,000 $546,304 $4,571 2.70%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 20 $9,400,000 $470,000 $5,508 2.86%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 10 $4,590,000 $459,000 $4,663 2.52%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 10 $3,430,000 $343,000 $3,800 3.16%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 7 $3,015,000 $430,714 $4,015 2.89%
Outside of Metro Areas 8 $2,970,000 $371,250 $3,904 3.86%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $2,020,000 $505,000 $4,033 2.59%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 4 $1,990,000 $497,500 $3,850 2.88%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 6 $1,700,000 $283,333 $7,995 4.85%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $1,085,000 $361,667 $5,290 2.70%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $900,000 $450,000 $2,475 2.87%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $800,000 $400,000 $6,566 2.81%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $560,000 $280,000 $3,644 2.25%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $405,000 $405,000 $2,777 2.50%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $390,000 $195,000 $7,359 2.50%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $390,000 $195,000 $4,046 2.44%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $375,000 $375,000 $4,032 1.88%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $345,000 $345,000 $3,158 2.63%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $325,000 $325,000 $8,785 4.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $225,000 $225,000 $2,806 2.38%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $205,000 $205,000 $6,213 4.50%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $155,000 $155,000 $4,979 2.88%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $155,000 $155,000 $2,766 2.49%
STOCKTON, CA (FHA|USDA|VA) 1 $145,000 $145,000 $2,472 2.38%
1st Reliant Home Loans's top markets include Los Angeles, San Jose, New York, San Francisco, and Riverside among others.

Their top states include:
  • California (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 193 $89,055,000 $461,425 $4,895 2.98%
    FHA 1 $465,000 $465,000 $12,444 3.88%

    For 2020, 1st Reliant Home Loans's most frequently originated type of loan was Conventional, with 193 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 171 $78,205,000 $457,339 $4,699 2.83%
    Home Purchase 22 $10,850,000 $493,182 $7,586 4.10%
    Cash Out Refi 1 $465,000 $465,000 $12,444 3.88%

    For 2020, 1st Reliant Home Loans's most frequently cited loan purpose was Refi, with 171 originations. The 2nd most popular reason was Home Purchase, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 162 $77,720,000 $479,753 $5,234 3.09%
    15 Year 20 $7,720,000 $386,000 $3,625 2.33%
    Other 6 $2,510,000 $418,333 $3,583 2.71%
    20 Year 4 $1,160,000 $290,000 $3,214 2.59%
    10 Year 2 $410,000 $205,000 $3,918 2.38%

    For 2020, 1st Reliant Home Loans's most frequently cited loan duration was 30 Year, with 162 originations. The 2nd most popular length was 15 Year, with 20 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 68 $29,080,000 $427,647
    $2k-3k 66 $29,950,000 $453,788
    $5k+ 32 $18,840,000 $588,750
    $<1k 15 $6,795,000 $453,000
    $3k-4k 6 $1,570,000 $261,667
    $4k-5k 5 $2,265,000 $453,000

    1st Reliant Home Loans's average total fees were $5,234, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 68 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 84 $41,610,000 $495,357
    <2.5% 67 $26,675,000 $398,134
    3-4% 26 $14,880,000 $572,308
    5-6% 9 $3,565,000 $396,111
    4-5% 4 $1,010,000 $252,500
    6-7% 4 $1,780,000 $445,000

    During 2020, 1st Reliant Home Loans's average interest rate for loans was 3.09%, while their most frequently originated rate bucket for loans was 2.5-3%, with 84 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 76 $22,620,000 $297,632 $4,080 3.07%
    $400k-600k 63 $30,265,000 $480,397 $4,644 2.92%
    $600k-1MM 40 $28,610,000 $715,250 $6,182 2.98%
    $100k-200k 11 $1,745,000 $158,636 $3,655 2.62%
    $1MM+ 4 $6,280,000 $1,570,000 $14,969 3.25%

    2020 saw 1st Reliant Home Loans place emphasis on $200k-400k loans with 76 originations, totaling $22,620,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 55 $23,175,000 $421,364 $5,108 2.93%
    $150k-250k 49 $24,825,000 $506,633 $4,814 2.81%
    $250k+ 47 $26,965,000 $573,723 $5,815 2.97%
    $75k-100k 18 $6,130,000 $340,556 $3,848 2.80%
    $50k-75k 15 $4,815,000 $321,000 $3,946 2.71%
    $50k or less 10 $3,610,000 $361,000 $2,902 4.86%

    1st Reliant Home Loans lent most frequently to those with incomes in the $100k-150k range, with 55 originations. The second most popular income band? $150k-250k, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 39 $17,955,000 $460,385 $4,853 2.77%
    20-30% 37 $15,965,000 $431,486 $4,388 2.80%
    <20% 29 $14,085,000 $485,690 $4,856 3.05%
    43% 12 $6,110,000 $509,167 $4,305 2.88%
    40% 9 $4,645,000 $516,111 $4,228 3.28%
    44% 8 $3,720,000 $465,000 $6,214 2.95%
    48% 7 $2,965,000 $423,571 $5,889 2.71%
    49% 7 $2,725,000 $389,286 $6,216 2.96%
    45% 6 $2,940,000 $490,000 $4,746 2.79%
    37% 6 $2,250,000 $375,000 $3,307 2.67%
    39% 5 $1,975,000 $395,000 $3,388 2.75%
    38% 5 $2,775,000 $555,000 $5,300 3.46%
    36% 5 $2,445,000 $489,000 $3,488 2.52%
    42% 4 $1,750,000 $437,500 $10,541 3.34%
    46% 4 $1,730,000 $432,500 $5,148 2.56%
    41% 3 $1,655,000 $551,667 $6,641 2.58%
    47% 1 $655,000 $655,000 $12,803 2.50%
    50-60% 1 $325,000 $325,000 $4,504 3.25%

    1st Reliant Home Loans lent most frequently to those with DTI ratios of 30-36%, with 39 originations. The next most common DTI ratio? 20-30%, with 37 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 80 $39,600,000 $495,000 $5,132 3.17%
    White 79 $33,335,000 $421,962 $4,874 2.91%
    Not provided 25 $11,365,000 $454,600 $4,515 2.61%
    Not applicable 5 $3,335,000 $667,000 $5,699 3.00%
    Black 3 $1,125,000 $375,000 $5,855 2.71%
    American Indian 2 $760,000 $380,000 $2,811 3.06%

    Approval Rates

    Total approvals of all applications
    99.63%

    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

    Points and Fees

    Points Originations Total Value Average Loan
    14012.54 1 $205,000 $205,000
    14870.0 1 $485,000 $485,000
    17160.9 1 $265,000 $265,000
    18416.68 1 $305,000 $305,000
    18565.15 1 $335,000 $335,000
    18645.59 1 $305,000 $305,000
    19073.6 1 $315,000 $315,000
    19477.5 1 $305,000 $305,000
    19495.41 1 $285,000 $285,000
    20758.35 1 $295,000 $295,000
    20991.25 1 $415,000 $415,000
    30563.66 1 $605,000 $605,000
    62955.82 1 $735,000 $735,000
    NA 181 $84,665,000 $467,762

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 194 $89,520,000 $461,443

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 36 $13,540,000 $376,111 $4,415 2.75%
    40-60% 53 $25,795,000 $486,698 $4,437 2.86%
    60-80% 89 $43,295,000 $486,461 $5,402 3.12%
    80-100% 11 $5,415,000 $492,273 $6,208 3.33%
    Under 20% 5 $1,475,000 $295,000 $3,415 2.57%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    STERLING BANCORP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.6%
    STERLING BANCORP Conventional home mortgage Closing on a mortgage 3 10.7%
    STERLING BANCORP Conventional home mortgage Struggling to pay mortgage 5 17.9%
    STERLING BANCORP Conventional home mortgage Trouble during payment process 12 42.9%
    STERLING BANCORP Home equity loan or line of credit (HELOC) Closing on a mortgage 2 7.1%
    STERLING BANCORP Home equity loan or line of credit (HELOC) Trouble during payment process 2 7.1%
    STERLING BANCORP Other type of mortgage Struggling to pay mortgage 1 3.6%
    STERLING BANCORP Other type of mortgage Trouble during payment process 2 7.1%