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 score and performance metrics.

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 an overall pricing score of 61.5/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is First Reliance Bank?

First Reliance Bank is a Bank headquartered in Florence, SC.

Unclaimed

First Reliance Bank

Bank•Florence, SC•Direct to Consumer

We analyzed every closed loan from First Reliance Bank — 969 loans across 1k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing

Strong

vs. all lenders

Pull Through

Strong

closing strength

Products

Strong

FHA · Conventional · VA · Jumbo · USDA

Place

Strong

Multi-Region · 11 mkts

Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Jumbo Superstar⭐Purchase Superstar⭐Refinance Superstar

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Safe Rate's Summary

What They Do Well

Competitive pricing compared to the market
Lower than average lender fees
Strong pull through performance
Particularly strong in Conventional and VA and Jumbo loans

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Report Card

First Reliance Bank performance at a glance

Category	Score	vs. Peers
Overall Performance· Pricing & closing strength
Pricing Rate competitiveness	Strong	Highly Competitive +11.1 bps above market avg
Pull Through Closing strength	Strong	Highly Competitive Top 40% of lenders
By Loan Product· Specialization by type
Conventional	Strong	Highly Competitive Top 40% of lenders
FHA	Sound	Industry Standard Top 60% of lenders
VA	Strong	Highly Competitive Top 40% of lenders
Jumbo	Strong	Highly Competitive Top 40% of lenders
USDA	Sound	Industry Standard Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase	Strong	Highly Competitive Top 40% of lenders
Refinance	Strong	Highly Competitive Top 40% of lenders
By Location· Geographic coverage
Geographic Reach Coverage footprint	Strong	Highly Competitive Top 40% of lenders Multi-Regional12 markets

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Strong	Strong	Strong	Exceptional	859	88.6%	+0.121%Above	$1,964Fees
FHA Loans	Strong	Sound	Exceptional	Strong	26	2.7%	+0.253%Above	$930Fees
VA Loans	Strong	Strong	Strong	Strong	30	3.1%	-0.355%Below	$1,479Fees
Jumbo Loans	Strong	Strong	Strong	Strong	31	3.2%	+0.264%Above	$623Fees
USDA Loans	Acceptable	Sound	—	Acceptable	23	2.4%	-0.028%Below	$2,702Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Strong	Strong	Strong	Strong	853	88.0%	+0.111%Above	$1,919Fees
Refinance	Strong	Strong	Strong	Strong	116	12.0%	+0.115%Above	$1,818Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

969

Applications

1,149

Volume

$305 million

Pricing & Closing

Avg Rate Spread

+0.111%

vs. market APOR

Avg Net Fees

$1,906

Origination − Credits

Pullthrough Rate

84.3%

Applications → Closed

Typical Borrower

Avg Loan Amount

$314,907

Avg Borrower Income

$160,675

Avg Property Value

$450,243

Geographic Coverage

Geographic Performance

Metro Areas

States Served

We count Washington DC as a state

Avg Place Specialization

Strong

States with Loan Originations

ALCAFLGAMIMTNCSCTXVAWV

Top Metro Areas by Place Specialization Score

Greenville, SCMSA

Volume: 227Mix: 23.43%of portfolio

Place

Exceptional

Florence, SC, SCMSA

Volume: 71Mix: 7.33%of portfolio

Place

Exceptional

Columbia, SC, SCMSA

Volume: 168Mix: 17.34%of portfolio

Place

Exceptional

Charleston, SCMSA

Volume: 83Mix: 8.57%of portfolio

Place

Strong

Myrtle Beach, SCMSA

Volume: 63Mix: 6.50%of portfolio

Place

Strong

Roanoke, VA, VAMSA

Volume: 31Mix: 3.20%of portfolio

Place

Strong

Spartanburg, SC, SCMSA

Volume: 22Mix: 2.27%of portfolio

Place

Sound

Lynchburg, VA, VAMSA

Volume: 19Mix: 1.96%of portfolio

Place

Sound

Blacksburg, VAMSA

Volume: 11Mix: 1.14%of portfolio

Place

Sound

Atlanta, GAMSA

Volume: 11Mix: 1.14%of portfolio

Place

Acceptable

Showing 10 of 11 metro areas

Top States by Place Specialization Score

SCState

Volume: 679Mix: 70.07%of portfolio

Place

Exceptional

VAState

Volume: 120Mix: 12.38%of portfolio

Place

Strong

GAState

Volume: 83Mix: 8.57%of portfolio

Place

Sound

NCState

Volume: 48Mix: 4.95%of portfolio

Place

Sound

WVState

Volume: 23Mix: 2.37%of portfolio

Place

Sound

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 30 Points)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.