Selfreliance Mortgage Rates, Fees & Info
Chicago, ILLEI: 549300XZ4R55J9UKB235
Tax ID: 36-2259531
Latest/2024 | 2023 Data | 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 loans. Selfreliance has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, New York, Detroit, Michigan City, and Tampa among others. We have data for 12 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
239Origination Dollar Volume (All Markets)
$82,085,000Top 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) | 177 | $65,615,000 | $370,706 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 16 | $7,920,000 | $495,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 27 | $4,855,000 | $179,815 | $0 | 0.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 10 | $1,300,000 | $130,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $600,000 | $300,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| ELMIRA, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 239 | $82,085,000 | $343,452 | $0 | 0.00% |
For 2024, Selfreliance's most frequently originated type of loan was Conventional, with 239 originations.
Loan Reason
For 2024, Selfreliance's most frequently cited loan purpose was Home Purchase, with 180 originations. The 2nd most popular reason was Cash Out Refi, with 45 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 239 | $82,085,000 | $343,452 | $0 | 0.00% |
For 2024, Selfreliance's most frequently cited loan duration was Other, with 239 originations.
Loan Sizing
2024 saw Selfreliance place emphasis on $200k-400k loans with 89 originations, totaling $24,885,000 in origination value.
Applicant Income
Selfreliance lent most frequently to those with incomes in the $50k-75k range, with 50 originations. The second most popular income band? $50k or less, with 42 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 239 | $82,085,000 | $343,452 | $0 | 0.00% |
Selfreliance lent most frequently to those with DTI ratios of Exempt%, with 239 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.61%
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 origination92.89%
Selfreliance has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 239 | $82,085,000 | $343,452 |