Technology Mortgage Rates, Fees & InfoSan Jose, CA
Tax ID: 94-1651781
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewTechnology is a smaller mortgage company specializing in Home Improvement and Home Purchase loans. Technology has a high proportion of conventional loans. Their top markets by origination volume include: San Jose, San Francisco, Los Angeles, San Diego, and Stockton among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)
Technology has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Technology is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.27%||3/31/23|
|30 Year Conventional Purchase||5.67%||3/31/23|
|30 Year Conventional Refi||5.92%||3/31/23|
|30 Year Cash-out Refi||6.00%||3/31/23|
|15 Year Conventional Purchase||6.37%||3/31/23|
|15 Year Conventional Refi||5.94%||3/31/23|
|15 Year Cash-out Refi||5.94%||3/31/23|
|These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.|
Origination Dollar Volume (All Markets)$556,580,000
Technology's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.98%.
Relative Fees (Closing Costs)
Technology's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,503.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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|
|SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA)||570||$261,020,000||$457,930||$5,081||4.32%|
|San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA)||406||$216,440,000||$533,103||$5,956||4.27%|
|Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA)||46||$29,700,000||$645,652||$8,729||4.51%|
|SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA)||21||$9,815,000||$467,381||$5,718||4.52%|
|STOCKTON, CA (FHA|USDA|VA)||29||$9,185,000||$316,724||$5,740||4.44%|
|SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA)||21||$7,025,000||$334,524||$5,486||4.32%|
|SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA)||20||$6,230,000||$311,500||$2,704||4.36%|
|SALINAS, CA (FHA|USDA|VA)||8||$4,820,000||$602,500||$4,922||5.22%|
|Truckee-Grass Valley, CA (FHA|USDA|VA)||6||$3,150,000||$525,000||$4,787||4.15%|
|RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)||7||$2,825,000||$403,571||$2,427||5.46%|
|OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA)||5||$2,035,000||$407,000||$10,952||4.60%|
|NAPA, CA (FHA|USDA|VA)||3||$1,395,000||$465,000||$3,439||3.04%|
|PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA)||1||$575,000||$575,000||$3,188||3.38%|
|VALLEJO, CA (FHA|USDA|VA)||2||$510,000||$255,000||$2,043||2.88%|
|MODESTO, CA (FHA|USDA|VA)||2||$340,000||$170,000||$0||4.38%|
|SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA)||3||$275,000||$91,667||$0||4.08%|
|FRESNO, CA (FHA|USDA|VA)||1||$255,000||$255,000||$2,744||3.50%|
|SANTA ROSA-PETALUMA, CA (FHA|USDA|VA)||1||$255,000||$255,000||$0||3.50%|
|PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)||1||$175,000||$175,000||$1,963||3.88%|
|VISALIA, CA (FHA|USDA|VA)||1||$165,000||$165,000||$0||7.00%|
|Outside of Metro Areas||1||$155,000||$155,000||$0||6.25%|
|MERCED, CA (FHA|USDA|VA)||2||$130,000||$65,000||$0||6.75%|
|Sonora, CA (FHA|USDA|VA)||1||$105,000||$105,000||$0||7.00%|
We use machine learning to identify the top lenders compared against TECHNOLOGY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 660
Similarity Rank: 684
Similarity Rank: 984
Similarity Rank: 1062
Similarity Rank: 1067
Similarity Rank: 1158
Similarity Rank: 1212
Similarity Rank: 1260
Similarity Rank: 1380
Similarity Rank: 1484
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Technology's most frequently originated type of loan was HELOC, with 767 originations. Their 2nd most popular type was Conventional, with 391 originations.
For 2022, Technology's most frequently cited loan purpose was Home Improvement, with 609 originations. The 2nd most popular reason was Home Purchase, with 242 originations.
For 2022, Technology's most frequently cited loan duration was 15 Year, with 817 originations. The 2nd most popular length was 30 Year, with 319 originations.
Origination Fees/Closing Costs
Technology's average total fees were $6,503, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 160 originations.
During 2022, Technology's average interest rate for loans was 3.78%, while their most frequently originated rate bucket for loans was 3-4%, with 557 originations.
2022 saw Technology place emphasis on $200k-400k loans with 374 originations, totaling $97,690,000 in origination value.
Technology lent most frequently to those with incomes in the $150k-250k range, with 484 originations. The second most popular income band? $250k+, with 438 originations.
Applicant Debt to Income Ratio
Technology lent most frequently to those with DTI ratios of 20-30%, with 226 originations. The next most common DTI ratio? 30-36%, with 196 originations.
Approval RatesTotal approvals of all applications
Technology has a below average approval rate.
Pick RateApprovals leading to origination
Technology has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|