Hightechlending Inc Mortgage Rates, Fees & Info
Irvine, CALEI: 549300CK7U1WMTIG6687
Tax ID: 20-5238443
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Mortgage Data
Review & Overview
Hightechlending Inc is a smaller mortgage company specializing in Refi and Home Purchase loans. They have a a high proportion of FHA loans. Hightechlending Inc has a high proportion of conventional loans. They have an average proportion of FHA 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: Los Angeles, Riverside, Las Vegas, Urban Honolulu, and Miami among others. We have data for 119 markets. (Some data included below & more in-depth data is available with an active subscription.)Hightechlending Inc has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Hightechlending Inc is typically a high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.77% | 12/4/23 |
| 30 Year Conventional Refi | 6.74% | 12/4/23 |
| 30 Year Cash-out Refi | 6.44% | 12/4/23 |
| 30 Year FHA Purchase | 7.20% | 12/4/23 |
| 30 Year FHA Refi | 6.68% | 12/4/23 |
| 30 Year VA Purchase | 6.30% | 12/4/23 |
| 30 Year VA Refi | 6.11% | 12/4/23 |
| 15 Year Conventional Purchase | 6.03% | 12/4/23 |
| 15 Year Conventional Refi | 6.05% | 12/4/23 |
| 15 Year Cash-out Refi | 6.05% | 12/4/23 |
| 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. | ||
Hightechlending Inc Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Hightechlending Inc. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,382Origination Dollar Volume (All Markets)
$535,360,000Awards
HighTechLending Inc - 2022
HighTechLending Inc is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Hightechlending Inc's average 30 year fixed mortgage rate was
4.85%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.09%.
Relative Fees (Closing Costs)
Hightechlending Inc's average total fees/closing costs for a 30 year fixed rate
mortgage were $10,900.
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.
Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 258 | $117,640,000 | $455,969 | $9,802 | 4.50% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 127 | $40,795,000 | $321,220 | $9,874 | 4.51% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 103 | $39,875,000 | $387,136 | $9,653 | 5.26% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 71 | $39,335,000 | $554,014 | $17,833 | 4.60% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 89 | $36,915,000 | $414,775 | $11,437 | 5.04% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 65 | $34,725,000 | $534,231 | $4,696 | 3.91% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 61 | $28,555,000 | $468,115 | $9,637 | 4.24% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 82 | $23,480,000 | $286,341 | $4,812 | 4.40% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 36 | $14,000,000 | $388,889 | $3,437 | 4.47% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 23 | $13,635,000 | $592,826 | $10,778 | 4.85% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 23 | $11,865,000 | $515,870 | $9,708 | 4.36% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 29 | $10,305,000 | $355,345 | $3,932 | 4.24% |
| Hilo, HI (FHA|USDA|VA) | 13 | $7,475,000 | $575,000 | $13,238 | 4.49% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 26 | $7,450,000 | $286,538 | $15,129 | 4.51% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 14 | $6,560,000 | $468,571 | $13,480 | 4.65% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 21 | $6,515,000 | $310,238 | $0 | 4.91% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 12 | $5,770,000 | $480,833 | $0 | 4.95% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 18 | $5,420,000 | $301,111 | $8,827 | 4.33% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 14 | $4,990,000 | $356,429 | $2,908 | 4.49% |
| STOCKTON, CA (FHA|USDA|VA) | 14 | $4,920,000 | $351,429 | $11,385 | 4.68% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 16 | $4,830,000 | $301,875 | $5,221 | 3.91% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 7 | $3,625,000 | $517,857 | $9,966 | 5.90% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 13 | $3,515,000 | $270,385 | $4,100 | 4.13% |
| VALLEJO, CA (FHA|USDA|VA) | 10 | $3,320,000 | $332,000 | $3,421 | 4.76% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 12 | $3,160,000 | $263,333 | $7,200 | 3.90% |
| Outside of Metro Areas | 12 | $3,090,000 | $257,500 | $0 | 4.33% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 8 | $2,470,000 | $308,750 | $20,515 | 5.66% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 9 | $2,105,000 | $233,889 | $4,845 | 5.08% |
| BOISE CITY, ID (FHA|USDA|VA) | 7 | $2,045,000 | $292,143 | $0 | 4.61% |
| BELLINGHAM, WA (FHA|USDA|VA) | 7 | $1,845,000 | $263,571 | $3,647 | 4.17% |
| PROVO-OREM, UT (FHA|USDA|VA) | 6 | $1,770,000 | $295,000 | $0 | 3.46% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $1,590,000 | $265,000 | $0 | 4.43% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,590,000 | $397,500 | $10,429 | 6.97% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 6 | $1,430,000 | $238,333 | $0 | 6.05% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 4 | $1,430,000 | $357,500 | $15,481 | 6.22% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $1,410,000 | $235,000 | $0 | 3.72% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 7 | $1,285,000 | $183,571 | $10,049 | 5.41% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $14,324 | 4.83% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $4,025 | 4.69% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 3 | $1,195,000 | $398,333 | $0 | 3.13% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $0 | 4.60% |
| MODESTO, CA (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $0 | 3.89% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $0 | 5.54% |
| FRESNO, CA (FHA|USDA|VA) | 5 | $995,000 | $199,000 | $3,489 | 3.82% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $0 | 8.49% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $890,000 | $148,333 | $4,748 | 5.59% |
| Kapaa, HI (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $0 | 6.18% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $14,757 | 3.19% |
| YUBA CITY, CA (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $25,876 | 4.37% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $14,807 | 5.07% |
| ST. GEORGE, UT (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $0 | 3.30% |
| LOGAN, UT-ID (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $0 | 5.01% |
| Aberdeen, WA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $0 | 5.17% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $6,653 | 5.49% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $5,398 | 4.65% |
| Centralia, WA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 5.85% |
| RENO, NV (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $0 | 5.51% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $5,934 | 3.13% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $0 | 4.48% |
| TWIN FALLS, ID (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $0 | 5.19% |
| Astoria, OR (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $6,009 | 5.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $0 | 3.01% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 5.37% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $19,179 | 4.17% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $0 | 4.63% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 5.11% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 3.39% |
| Shelton, WA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 3.46% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 5.44% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 6.36% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $9,177 | 4.81% |
| CARSON CITY, NV (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 5.16% |
| NAPA, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 4.71% |
| BEND, OR (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 4.35% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $9,969 | 5.03% |
| Palatka, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $14,175 | 6.88% |
| Fernley, NV (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 5.68% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $10,408 | 4.25% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,258 | 3.77% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,692 | 5.43% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 5.04% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 2.61% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,185 | 4.81% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 5.50% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 6.41% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 1.98% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.34% |
| MERCED, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 3.28% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 5.32% |
| CHICO, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 3.57% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 4.48% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 3.69% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 6.08% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.46% |
| SALEM, OR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.05% |
| Mountain Home, ID (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.56% |
| REDDING, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 3.21% |
| Sonora, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 6.86% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,864 | 4.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.44% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 3.55% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.86% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.06% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.36% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,899 | 2.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.85% |
| READING, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.49% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.23% |
| Safford, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.33% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.86% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.89% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.57% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.82% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.08% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.84% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.37% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.75% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 2.83% |
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Product Mix
For 2022, Hightechlending Inc's most frequently originated type of loan was FHA, with 846 originations. Their 2nd most popular type was Conventional, with 384 originations.
Loan Reason
For 2022, Hightechlending Inc's most frequently cited loan purpose was Refi, with 599 originations. The 2nd most popular reason was Home Purchase, with 363 originations.
Loan Duration/Length
For 2022, Hightechlending Inc's most frequently cited loan duration was Other, with 885 originations. The 2nd most popular length was 30 Year, with 481 originations.
Origination Fees/Closing Costs
Hightechlending Inc's average total fees were $10,900, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 211 originations.
Interest Rates
During 2022, Hightechlending Inc's average interest rate for loans was 4.85%, while their most frequently originated rate bucket for loans was 3-4%, with 344 originations.
Loan Sizing
2022 saw Hightechlending Inc place emphasis on $200k-400k loans with 624 originations, totaling $186,060,000 in origination value.
Applicant Income
Hightechlending Inc lent most frequently to those with incomes in the $50k or less range, with 805 originations. The second most popular income band? $50k-75k, with 165 originations.
Applicant Debt to Income Ratio
Hightechlending Inc lent most frequently to those with DTI ratios of 30-36%, with 61 originations. The next most common DTI ratio? 50-60%, with 54 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.99%
Hightechlending Inc has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination64.25%
Hightechlending Inc has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,382 | $535,360,000 | $387,381 |