# First Reliance Bank

> **Canonical URL:** https://saferate.com/lenders/first-reliance-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


First Reliance Bank is a bank, headquartered in Florence, SC, serving borrowers across 11 states, with 969 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 38% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 27% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300SLZFPDLWNB0O94
- **Headquarters:** Florence, SC
- **Geographic Reach:** Multi-Region
- **States Served:** 11
- **State List:** AL, CA, FL, GA, MI, MT, NC, SC, TX, VA, WV
- **Markets (MSAs):** 12
- **Primary Channel:** mix
- **Direct Origination:** 41.5%
- **Brokered/Wholesale:** 58.5%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 62/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 73/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.111%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,906
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 969
- **Dollar Volume:** $305 million
- **Applications Received:** 1,149
- **Market Share:** 3.00%

## Typical Borrower Profile

- **Average Loan Amount:** $314,907
- **Average Borrower Income:** $160,675
- **Average Property Value:** $450,243

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (77%)
- ⭐ **FHA Gold Superstar** (71%)
- ⭐ **VA Gold Superstar** (70%)
- ⭐ **Jumbo Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (70%)
- ⭐ **Refinance Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 75/100 | 859 | +0.121% | $1,964 | Strong 😀 |
| FHA | 54/100 | 26 | +0.253% | $930 | Sound ☺️ |
| VA | 62/100 | 30 | -0.355% | $1,479 | Strong 😀 |
| Jumbo | 71/100 | 31 | +0.264% | $623 | Strong 😀 |
| USDA | 52/100 | 23 | -0.028% | $2,702 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 748 loans, Score: 75/100 (Strong)
- Refinance: 111 loans, Score: 63/100 (Strong)

**FHA:**
- Purchase: 26 loans, Score: 54/100 (Sound)

**VA:**
- Purchase: 29 loans, Score: 62/100 (Strong)

**Jumbo:**
- Purchase: 27 loans, Score: 71/100 (Strong)

**USDA:**
- Purchase: 23 loans, Score: 52/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 72/100 | 853 | $270M | +0.111% | Strong 😀 |
| Refinance | 61/100 | 116 | $35M | +0.115% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| SC | 679 | 0.85% | 90/100 |
| VA | 120 | 0.11% | 66/100 |
| GA | 83 | 0.06% | 60/100 |
| NC | 48 | 0.03% | 52/100 |
| WV | 23 | 0.15% | 52/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Greenville | SC | 227 | 90/100 |
| Non |  | 183 | 61/100 |
| Columbia, SC | SC | 168 | 84/100 |
| Charleston | SC | 83 | 73/100 |
| Florence, SC | SC | 71 | 88/100 |
| Myrtle Beach | SC | 63 | 68/100 |
| Roanoke, VA | VA | 31 | 61/100 |
| Spartanburg, SC | SC | 22 | 55/100 |
| Lynchburg, VA | VA | 19 | 53/100 |
| Atlanta | GA | 11 | 39/100 |
| Blacksburg | VA | 11 | 44/100 |
| Charlotte | NC-SC | 10 | 39/100 |

## Where This Lender Ranks

First Reliance Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in South Carolina for Conventional Loans
  - [View Full Rankings](https://saferate.com/south-carolina/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in South Carolina for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-carolina/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Greenville
  - [View Full Rankings](https://saferate.com/greenville/best-mortgage-lenders)
- 🥇 **#1** in Greenville Banks
  - [View Full Rankings](https://saferate.com/greenville/best-mortgage-lenders/banks)
- 🥇 **#1** in Greenville for Conventional Loans
  - [View Full Rankings](https://saferate.com/greenville/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Greenville for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/greenville/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Columbia, SC for Conventional Loans
  - [View Full Rankings](https://saferate.com/columbia-sc/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Columbia, SC for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/columbia-sc/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Florence, SC Banks
  - [View Full Rankings](https://saferate.com/florence-sc/best-mortgage-lenders/banks)
- 🥇 **#1** in Florence, SC for Conventional Loans
  - [View Full Rankings](https://saferate.com/florence-sc/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Florence, SC for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/florence-sc/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Florence, SC for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/florence-sc/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Florence, SC for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/florence-sc/best-mortgage-lenders/banks/va-loans)
- 🥈 **#2** in South Carolina Banks
  - [View Full Rankings](https://saferate.com/south-carolina/best-mortgage-lenders/banks)
- 🥈 **#2** in Columbia, SC for Jumbo Loans
  - [View Full Rankings](https://saferate.com/columbia-sc/best-mortgage-lenders/jumbo-loans)
- 🥈 **#2** in Columbia, SC for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/columbia-sc/best-mortgage-lenders/banks/jumbo-loans)
- 🥈 **#2** in Florence, SC
  - [View Full Rankings](https://saferate.com/florence-sc/best-mortgage-lenders)
- 🥈 **#2** in Myrtle Beach Banks
  - [View Full Rankings](https://saferate.com/myrtle-beach/best-mortgage-lenders/banks)
- 🥈 **#2** in Myrtle Beach for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/myrtle-beach/best-mortgage-lenders/banks/conventional-loans)
- 🥈 **#2** in Roanoke, VA for Conventional Loans
  - [View Full Rankings](https://saferate.com/roanoke-va/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does First Reliance Bank offer?

First Reliance Bank offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does First Reliance Bank offer mortgages?

First Reliance Bank offers mortgages in 11 states: AL, CA, FL, GA, MI, MT, NC, SC, TX, VA, WV.

### How competitive are First Reliance Bank's mortgage rates?

First Reliance Bank has a pricing score of 62/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.111% above market average.

### What type of lender is First Reliance Bank?

First Reliance Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Florence, SC.

### What is First Reliance Bank's loan approval success rate?

First Reliance Bank has a pull-through score of 73/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/first-reliance-bank

### How to Cite

> "First Reliance Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/first-reliance-bank

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