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 |

Jump to:

Mortgage Data

Review & 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 by origination volume include: Los Angeles, Riverside, Dallas, New York, and Houston among others. We have data for 34 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 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

202

Origination Dollar Volume (All Markets)

$95,550,000

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) 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.

Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • 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.

    N C P D Federal Credit Union
    Similarity Rank: 102
    Schuyler Savings Bank
    Similarity Rank: 352
    Christian Community Credit Union
    Similarity Rank: 354
    Credence Funding Corporation
    Similarity Rank: 404
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 652
    The Atlantic Federal Credit Union
    Similarity Rank: 882
    Chaffey Federal Credit Union
    Similarity Rank: 966
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 1064

    Product Mix

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

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

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, 1st Reliant Home Loans's most frequently cited loan purpose was Refi, with 152 originations. The 2nd most popular reason was 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 2021, 1st Reliant Home Loans's most frequently cited loan duration was 30 Year, with 171 originations. The 2nd most popular length was 15 Year, with 21 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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
    $4k-5k 18 $6,210,000 $345,000
    $3k-4k 15 $3,545,000 $236,333
    $<1k 4 $1,640,000 $410,000

    1st Reliant Home Loans's average total fees were $6,513, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.69%, while their most frequently originated rate bucket for loans was 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
    94.55%

    1st Reliant Home Loans has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.29%

    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%