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 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
194Origination Dollar Volume (All Markets)
$89,520,000Awards
1ST RELIANT HOME LOANS - 2020
1ST RELIANT HOME LOANS is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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% |
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 | 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
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
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
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
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
2020 saw 1st Reliant Home Loans place emphasis on $200k-400k loans with 76 originations, totaling $22,620,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications99.63%
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 originationPoints 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
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% |