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 process was easy because they were very detailing about what they need from us. and patience too.
She made the entire process easy and smooth. Her prompt response to our phone calls is second to none.
There sales mortgage rep was very helpful. The follow through with the service department never allowed my calls to get through. The automated emails never came as they said they would. So far we have not been happy with the company as a whole.
A PLEASURE TO WORK WITH DONNA AND HER ASSOCIATES.
SHE EXPLAINED EVERY DETAIL . MADE IT STRESS FREE.
CAN'T THANK HER ENOUGH ,FROM START TO FINISH SHE STAYED WITH
WITH US EVERY STEP OF THE WAY.
Lance made the process totally painless. When an issue came up, he knew exactly what to do and the best, most expeditious way to address it. He maintained regular contact throughout the entire process. His professional demeanor indicated that he was in control the entire time. It never got away from him. This really put my mind at ease
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.