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 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.
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Originations
202Origination Dollar Volume (All Markets)
$95,550,000Top 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) | 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% |
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 | 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
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
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
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
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
2021 saw 1st Reliant Home Loans place emphasis on $200k-400k loans with 85 originations, totaling $24,485,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications94.55%
1st Reliant Home Loans has an average approval rate.
Pick Rate
Approvals leading to origination71.29%
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 |
LTV Distribution
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% |