Selfreliance Mortgage Rates, Fees & Info
Chicago, ILLEI: 549300XZ4R55J9UKB235
Tax ID: 36-2259531
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Selfreliance is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Selfreliance has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, New York, Detroit, Baraboo, and Whitewater among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Selfreliance has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
186Origination Dollar Volume (All Markets)
$75,790,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 161 | $70,115,000 | $435,497 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 11 | $3,635,000 | $330,455 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 9 | $1,135,000 | $126,111 | $0 | 0.00% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 186 | $75,790,000 | $407,473 | $0 | 0.00% |
For 2023, Selfreliance's most frequently originated type of loan was Conventional, with 186 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 143 | $50,375,000 | $352,273 | $0 | 0.00% |
| Cash Out Refi | 28 | $22,990,000 | $821,071 | $0 | 0.00% |
| Refi | 15 | $2,425,000 | $161,667 | $0 | 0.00% |
For 2023, Selfreliance's most frequently cited loan purpose was Home Purchase, with 143 originations. The 2nd most popular reason was Cash Out Refi, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 186 | $75,790,000 | $407,473 | $0 | 0.00% |
For 2023, Selfreliance's most frequently cited loan duration was Other, with 186 originations.
Loan Sizing
2023 saw Selfreliance place emphasis on $200k-400k loans with 59 originations, totaling $16,375,000 in origination value.
Applicant Income
Selfreliance lent most frequently to those with incomes in the $50k or less range, with 26 originations. The second most popular income band? $75k-100k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 186 | $75,790,000 | $407,473 | $0 | 0.00% |
Selfreliance lent most frequently to those with DTI ratios of Exempt%, with 186 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.61%
Selfreliance has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination90.32%
Selfreliance has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 186 | $75,790,000 | $407,473 |