Selfreliance Mortgage Rates, Fees & Info

Chicago, IL

LEI: 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

239

Origination Dollar Volume (All Markets)

$82,085,000

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
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%
Selfreliance's top markets include Chicago, New York, Detroit, Michigan City, and Tampa among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 180 $63,400,000 $352,222 $0 0.00%
    Cash Out Refi 45 $15,165,000 $337,000 $0 0.00%
    Refi 13 $2,925,000 $225,000 $0 0.00%
    Home Improvement 1 $595,000 $595,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 89 $24,885,000 $279,607 $0 0.00%
    $100k-200k 77 $11,625,000 $150,974 $0 0.00%
    $600k-1MM 22 $15,870,000 $721,364 $0 0.00%
    $100,000 or less 21 $1,665,000 $79,286 $0 0.00%
    $400k-600k 20 $9,530,000 $476,500 $0 0.00%
    $1MM+ 10 $18,510,000 $1,851,000 $0 0.00%

    2024 saw Selfreliance place emphasis on $200k-400k loans with 89 originations, totaling $24,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 50 $9,750,000 $195,000 $0 0.00%
    $50k or less 42 $5,670,000 $135,000 $0 0.00%
    $75k-100k 35 $9,715,000 $277,571 $0 0.00%
    $150k-250k 24 $9,680,000 $403,333 $0 0.00%
    $100k-150k 23 $7,365,000 $320,217 $0 0.00%
    $250k+ 20 $12,580,000 $629,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 193 $52,405,000 $271,528 $0 0.00%
    Not applicable 42 $26,580,000 $632,857 $0 0.00%
    Chinese 1 $2,365,000 $2,365,000 $0 0.00%
    Asian 1 $275,000 $275,000 $0 0.00%
    Asian Indian 1 $265,000 $265,000 $0 0.00%
    Not provided 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.61%

    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 origination
    92.89%

    Selfreliance has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 239 $82,085,000 $343,452

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    239 $82,085,000 $343,452