Reliance First Capital, LLC
Reliance First Capital was founded with the purpose of helping both existing and prospective homeowners receive the right mortgage. We achieve our goal by developing customized mortgage programs that match each client's specific needs and situation. So whether you’re looking to buy a home or looking to refinance your current mortgage, whether you have perfect credit or are struggling with payments, our dedicated and knowledgeable staff will design a custom-tailored mortgage that helps you achieve your financial goals. At Reliance First Capital, we welcome the opportunity to put our years of industry experience to work for you. As a direct lender, we have the resources to deliver the right programs, fast approvals, speedy closings and, most importantly, deliver your money. You can RELY on Reliance First Capital.
The entire process was easy and transparent. Mary always quickly responded to my questions via email and texts.
The Process was simple. The Team from RFC was professional and great to work with. They thoroughly explained the process and gave me many options to choose from.
We started my loan in May were were ready and the I was laid off because of Covid!!! I was out of work for 11 weeks. We kept in touch while I was out of work. As soon as I got back to work we finished up and I got the loan!!!
Vanessa and Francine were wonderful to work with. Always helpful and attentive. Going through the refinance process is never fun but we managed to have our share of laughs
Brandon has been an unexpected gem in my refinance journey. His professionalism, enthusiasm, and ability to make me feel at ease throughout the refinance process last year made him the only choice to once again take advantage of the even greater rates this year. Brandon is very knowledgeable of the loan process and went above and beyond expectations to keep me informed of my status. When I had questions, his timely responses were very much appreciated. Brandon made me feel like family which means he will be my only choice for future home loan requirements. I've already recommended him to other family members who also have nothing but positive feedback regarding Brandon's professionalism. He is definitely a rising star and will go far in his career!!!
Reliance First Capital was founded in 2008. The company is a direct lender headquartered in Melville, N.Y.; and, according to a company representative, it has closed almost $7 billion in mortgages since its founding. Reliance is an approved FHA, VA and Fannie Mae and Freddie Mac lender. Reliance offers an informative website and a wide range of mortgage and refinancing options, including specialty products to assist borrowers who have low credit scores or non-traditional work histories, including self-employment.
Reliance First Capital is licensed to do business in:
In addition to Reliance First Capital’s Melville headquarters, the lender has origination centers in Cleveland; Nashville, Tenn.; Pittsburgh; Dallas and Charlotte, N.C. Each origination center (and its headquarters) has loan officers available to assist you with the loan process.
Reliance First Capital works with a wide range of borrowers. Borrowers with credit scores as low as 500 may be able to find a product that meets their needs. Reliance First Capital also does manual underwriting to ensure borrowers with unique histories can still be considered for mortgage and refinancing products.
Reliance First Capital lends for most residential property types, including:
The company does not lend for co-ops.
Reliance offers a wide range of products designed to meet the needs of different borrowers. Here are the company’s products for purchasing a home, refinancing a home or taking advantage of the equity in your home.
Reliance also offers special mortgage programs:
Reliance First Capital offers a digital application process, although it will work with borrowers who prefer paper, too.
How to apply. You can start an application via the Reliance website. From there, you can complete the application digitally using the web portal, where you can upload documents digitally. If you prefer paper, though, that’s fine, too. The loan rate is typically locked in when you submit an “intent to proceed” with your application.
Disclosure process. You can review disclosure documents through Reliance First Capital’s secure web portal or on paper, depending on your personal preference.
Submitting loan for approval. Reliance First Capital will provide you with a checklist of the documents you need to upload. Once you have submitted all your required loan documents, the loan is submitted to underwriting for approval. This is typically done within hours of submitting the paperwork. If an appraisal is required, Reliance First Capital will contact an appraisal company, which will then get in contact with you and schedule the appraisal and collect the appraisal fee.
Final approval. After it receives the appraisal, Reliance First Capital will work with you to secure any other documentation requested by the underwriters, at which point your loan will be submitted for final approval.
Closing. Reliance First Capital will work with you to determine a time and place for closing that works for you and your schedule.
Reliance assigns you a licensed mortgage analyst, who is your main point of contact throughout the mortgage process. You will also have an assigned loan processor, who will stay with you throughout the application process. They will communicate with you through the web portal or via email or phone, depending on your personal preference.
Editorial Note: Parts of this article were reviewed by a lender to ensure accuracy prior to publication. The overall conclusions, recommendations and opinions are the author’s alone.