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, East Stroudsburg, and Michigan City among others. We have data for 7 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 a below average pick rate when compared to similar lenders.
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Originations
243Origination Dollar Volume (All Markets)
$77,985,000Top 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) | 185 | $66,225,000 | $357,973 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 20 | $6,600,000 | $330,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 27 | $3,635,000 | $134,630 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 7 | $945,000 | $135,000 | $0 | 0.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 243 | $77,985,000 | $320,926 | $0 | 0.00% |
For 2019, Selfreliance's most frequently originated type of loan was Conventional, with 243 originations.
Loan Reason
For 2019, Selfreliance's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Cash Out Refi, with 93 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 243 | $77,985,000 | $320,926 | $0 | 0.00% |
For 2019, Selfreliance's most frequently cited loan duration was Other, with 243 originations.
Loan Sizing
2019 saw Selfreliance place emphasis on $200k-400k loans with 77 originations, totaling $21,245,000 in origination value.
Applicant Income
Selfreliance lent most frequently to those with incomes in the $50k or less range, with 55 originations. The second most popular income band? $50k-75k, with 49 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 243 | $77,985,000 | $320,926 | $0 | 0.00% |
Selfreliance lent most frequently to those with DTI ratios of Exempt%, with 243 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 242 | $77,930,000 | $322,025 | $0 | 0.00% |
| Asian | 1 | $55,000 | $55,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications95.85%
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 origination80.66%
Selfreliance has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 243 | $77,985,000 | $320,926 |