Highmark Mortgage Rates, Fees & Info
Rapid City, SDLEI: 5493009JZ6NIQL6RQT28
Tax ID: 46-0242124
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Mortgage Data
Review & Overview
Highmark is a smaller mortgage company specializing in Refi and Home Purchase loans. Highmark has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Rapid City, Gillette, Casper, Spearfish, and Sheridan among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Highmark has an above average approval rate when compared to the average across all lenders.
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Originations
79Origination Dollar Volume (All Markets)
$19,845,000Top Markets
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 |
|---|---|---|---|---|---|
| RAPID CITY, SD (FHA|USDA|VA) | 40 | $10,720,000 | $268,000 | $0 | 0.00% |
| Outside of Metro Areas | 19 | $3,145,000 | $165,526 | $0 | 0.00% |
| Gillette, WY (FHA|USDA|VA) | 7 | $1,555,000 | $222,143 | $0 | 0.00% |
| CASPER, WY (FHA|USDA|VA) | 4 | $1,520,000 | $380,000 | $0 | 0.00% |
| Spearfish, SD (FHA|USDA|VA) | 5 | $1,445,000 | $289,000 | $0 | 0.00% |
| Sheridan, WY (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| Norfolk, NE (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Vermillion, SD (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 73 | $17,535,000 | $240,205 | $0 | 0.00% |
| VA | 5 | $1,915,000 | $383,000 | $0 | 0.00% |
| FHA | 1 | $395,000 | $395,000 | $0 | 0.00% |
For 2022, Highmark's most frequently originated type of loan was Conventional, with 73 originations. Their 2nd most popular type was VA, with 5 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 55 | $13,135,000 | $238,818 | $0 | 0.00% |
| Home Purchase | 24 | $6,710,000 | $279,583 | $0 | 0.00% |
For 2022, Highmark's most frequently cited loan purpose was Refi, with 55 originations. The 2nd most popular reason was Home Purchase, with 24 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 79 | $19,845,000 | $251,203 | $0 | 0.00% |
For 2022, Highmark's most frequently cited loan duration was Other, with 79 originations.
Loan Sizing
2022 saw Highmark place emphasis on $200k-400k loans with 31 originations, totaling $8,925,000 in origination value.
Applicant Income
Highmark lent most frequently to those with incomes in the $50k-75k range, with 26 originations. The second most popular income band? $100k-150k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 79 | $19,845,000 | $251,203 | $0 | 0.00% |
Highmark lent most frequently to those with DTI ratios of Exempt%, with 79 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 76 | $19,440,000 | $255,789 | $0 | 0.00% |
| Black | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Not provided | 2 | $100,000 | $50,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Highmark has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 79 | $19,845,000 | $251,203 |