Hightechlending Inc Mortgage Rates, Fees & Info
Irvine, CALEI: 549300CK7U1WMTIG6687
Tax ID: 20-5238443
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Hightechlending Inc is a small mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Hightechlending Inc has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets include Los Angeles, Urban Honolulu, San Francisco, Riverside, and San Diego among others. Hightechlending Inc has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Hightechlending Inc is typically a high fee lendor.Originations
2,812Origination Dollar Volume (All Markets)
$1,128,260,000Awards
HighTechLending Inc - 2021
HighTechLending Inc is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Hightechlending Inc's average 30 year fixed rate mortgage of loans were
3.1%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.05%.
Relative Fees
Hightechlending Inc's average total fees for a 30 year fixed rate
mortgage are $7,191.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 597 | $270,965,000 | $453,878 | $6,749 | 2.86% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 242 | $122,690,000 | $506,983 | $11,994 | 2.99% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 174 | $106,710,000 | $613,276 | $5,733 | 3.11% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 229 | $70,585,000 | $308,231 | $6,314 | 2.72% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 147 | $62,795,000 | $427,177 | $4,746 | 2.78% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 110 | $61,030,000 | $554,818 | $6,930 | 2.99% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 106 | $51,120,000 | $482,264 | $7,679 | 3.04% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 161 | $50,765,000 | $315,311 | $6,203 | 3.10% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 136 | $45,000,000 | $330,882 | $5,136 | 3.03% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 89 | $26,195,000 | $294,326 | $4,227 | 2.73% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 81 | $25,495,000 | $314,753 | $3,896 | 2.67% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 64 | $23,940,000 | $374,063 | $5,829 | 2.67% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 30 | $16,550,000 | $551,667 | $6,790 | 3.09% |
| Hilo, HI (FHA|USDA|VA) | 29 | $12,305,000 | $424,310 | $8,896 | 2.97% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 27 | $11,955,000 | $442,778 | $5,609 | 2.83% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 28 | $11,920,000 | $425,714 | $5,227 | 3.10% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 36 | $9,990,000 | $277,500 | $2,610 | 2.46% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 36 | $9,780,000 | $271,667 | $7,494 | 3.18% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 32 | $8,830,000 | $275,938 | $4,148 | 2.51% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 27 | $7,955,000 | $294,630 | $3,946 | 2.41% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 27 | $7,175,000 | $265,741 | $3,098 | 2.49% |
| Outside of Metro Areas | 21 | $7,175,000 | $341,667 | $4,639 | 3.17% |
| STOCKTON, CA (FHA|USDA|VA) | 14 | $5,670,000 | $405,000 | $5,442 | 2.39% |
| SALINAS, CA (FHA|USDA|VA) | 10 | $5,360,000 | $536,000 | $11,127 | 2.73% |
| VALLEJO, CA (FHA|USDA|VA) | 15 | $5,335,000 | $355,667 | $2,821 | 2.39% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 16 | $5,240,000 | $327,500 | $6,653 | 2.63% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 15 | $4,345,000 | $289,667 | $5,190 | 2.54% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 10 | $4,140,000 | $414,000 | $3,595 | 2.78% |
| MODESTO, CA (FHA|USDA|VA) | 14 | $4,020,000 | $287,143 | $3,855 | 2.63% |
| RENO, NV (FHA|USDA|VA) | 9 | $3,825,000 | $425,000 | $6,727 | 2.94% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 19 | $3,405,000 | $179,211 | $0 | 2.31% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 7 | $3,145,000 | $449,286 | $6,393 | 2.39% |
| FRESNO, CA (FHA|USDA|VA) | 11 | $2,765,000 | $251,364 | $6,646 | 2.68% |
| BOISE CITY, ID (FHA|USDA|VA) | 8 | $2,730,000 | $341,250 | $4,090 | 2.43% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 11 | $2,395,000 | $217,727 | $4,702 | 2.63% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 8 | $2,210,000 | $276,250 | $5,020 | 2.70% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 9 | $2,175,000 | $241,667 | $4,409 | 2.79% |
| PROVO-OREM, UT (FHA|USDA|VA) | 6 | $1,850,000 | $308,333 | $4,386 | 2.72% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 9 | $1,805,000 | $200,556 | $2,589 | 2.56% |
| NAPA, CA (FHA|USDA|VA) | 4 | $1,770,000 | $442,500 | $0 | 2.03% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 7 | $1,735,000 | $247,857 | $0 | 2.60% |
| SALEM, OR (FHA|USDA|VA) | 5 | $1,455,000 | $291,000 | $3,461 | 2.34% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $0 | 2.42% |
| FORT COLLINS, CO (FHA|USDA|VA) | 4 | $1,370,000 | $342,500 | $2,682 | 2.31% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 5 | $1,315,000 | $263,000 | $5,009 | 2.57% |
| MEDFORD, OR (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $2,727 | 2.44% |
| BELLINGHAM, WA (FHA|USDA|VA) | 4 | $1,230,000 | $307,500 | $3,789 | 2.59% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $4,332 | 2.92% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $5,719 | 2.88% |
| TUCSON, AZ (FHA|USDA|VA) | 5 | $1,165,000 | $233,000 | $3,911 | 2.90% |
| GREELEY, CO (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $0 | 2.39% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $3,801 | 2.80% |
| MERCED, CA (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $5,329 | 2.93% |
| Newport, OR (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $2,566 | 2.29% |
| Kapaa, HI (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $0 | 1.96% |
| BEND, OR (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $0 | 2.87% |
| CARSON CITY, NV (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $0 | 2.26% |
| EL CENTRO, CA (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $5,849 | 2.96% |
| YUBA CITY, CA (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $8,384 | 2.60% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 5 | $815,000 | $163,000 | $5,678 | 3.19% |
| Outside of Metro Areas | 3 | $805,000 | $268,333 | $2,823 | 2.86% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $2,082 | 2.15% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $2,651 | 2.41% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $2,241 | 2.86% |
| CHICO, CA (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $6,384 | 2.52% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $0 | 2.27% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $2,843 | 2.51% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $0 | 2.71% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $0 | 2.50% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 2.85% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 1.79% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 2.22% |
| LONGVIEW, WA (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $0 | 2.82% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 2.64% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 2.68% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 2.74% |
| BRUNSWICK, GA (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 1.93% |
| WENATCHEE, WA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 2.64% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $5,416 | 2.95% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 2.47% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,866 | 2.59% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,075 | 2.99% |
| MADERA, CA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $5,339 | 2.29% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 1.57% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $7,397 | 2.50% |
| ST. GEORGE, UT (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 2.02% |
| Oak Harbor, WA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 2.40% |
| Coos Bay, OR (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 2.23% |
| Prineville, OR (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 2.33% |
| Centralia, WA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 2.33% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,944 | 3.88% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 3.33% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,498 | 3.08% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 2.18% |
| Silver City, NM (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 2.84% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 2.09% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 2.40% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 2.00% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 3.11% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 2.93% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,668 | 3.88% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 2.77% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,727 | 3.00% |
| Cedar City, UT (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 2.49% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,999 | 2.38% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,570 | 2.75% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 3.25% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,125 | 2.63% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,544 | 2.00% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,323 | 3.38% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,323 | 2.88% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 3.08% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 2.81% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 2.82% |
| Fernley, NV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 2.45% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 2.58% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 1.71% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.61% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,043 | 2.13% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.08% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,993 | 2.25% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.32% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 2.57% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,467 | 4.13% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 2.33% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 2.57% |
Hightechlending Inc's top markets include Los Angeles, Urban Honolulu, San Francisco, Riverside, and San Diego among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,468 | $652,120,000 | $444,223 | $5,962 | 3.21% |
| FHA | 1,250 | $429,230,000 | $343,384 | $13,443 | 2.44% |
| VA | 94 | $46,910,000 | $499,043 | $9,229 | 2.66% |
For the 2021 period, Hightechlending Inc's most frequently originated loan type of loans were Conventional, with 1,468 originations. Their 2nd most popular type is FHA, with 1,250 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 1,281 | $495,635,000 | $386,913 | $7,374 | 2.64% |
| Cash Out Refi | 759 | $310,305,000 | $408,834 | $5,369 | 2.97% |
| Home Purchase | 671 | $284,365,000 | $423,793 | $7,696 | 3.14% |
| Other | 94 | $35,240,000 | $374,894 | $0 | 2.71% |
| Home Improvement | 7 | $2,715,000 | $387,857 | $0 | 2.69% |
For the 2021, Hightechlending Inc's most frequently cited loan purpose of loans were Refi, with 1,281 originations. The 2nd most popular reason of loans were Cash Out Refi, with 759 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,509 | $649,725,000 | $430,567 | $7,191 | 3.10% |
| Other | 1,162 | $438,920,000 | $377,728 | $7,820 | 2.57% |
| 15 Year | 94 | $26,730,000 | $284,362 | $3,756 | 2.41% |
| 20 Year | 36 | $10,670,000 | $296,389 | $4,951 | 2.78% |
| 10 Year | 11 | $2,215,000 | $201,364 | $3,710 | 2.01% |
For the 2021, Hightechlending Inc's most frequently cited loan length of loans were 30 Year, with 1,509 originations. The 2nd most popular length of loans were Other, with 1,162 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 733 | $294,595,000 | $401,903 |
| $5k+ | 324 | $170,840,000 | $527,284 |
| $<1k | 228 | $76,960,000 | $337,544 |
| $2k-3k | 220 | $92,060,000 | $418,455 |
| $3k-4k | 163 | $62,455,000 | $383,160 |
$7,191 of loans were Hightechlending Inc's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 733 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 975 | $395,945,000 | $406,097 |
| <2.5% | 904 | $323,600,000 | $357,965 |
| 3-4% | 834 | $331,710,000 | $397,734 |
| 4-5% | 44 | $26,580,000 | $604,091 |
| 5-6% | 29 | $25,635,000 | $883,966 |
| 6-7% | 20 | $19,020,000 | $951,000 |
| 7-8% | 6 | $5,770,000 | $961,667 |
During 2021, Hightechlending Inc's average interest rate of loans were 3.10%, while their most frequently originated rate bucket of loans were 2.5-3%, with 975 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 1,246 | $372,180,000 | $298,700 | $5,928 | 2.79% |
| $400k-600k | 885 | $428,205,000 | $483,847 | $7,405 | 2.71% |
| $100k-200k | 313 | $50,875,000 | $162,540 | $4,004 | 2.77% |
| $600k-1MM | 288 | $209,120,000 | $726,111 | $10,651 | 3.37% |
| $1MM+ | 49 | $65,485,000 | $1,336,429 | $11,641 | 4.38% |
| $100,000 or less | 31 | $2,395,000 | $77,258 | $3,116 | 2.73% |
2021 saw Hightechlending Inc place emphasis on $200k-400k loans with 1,246 originations, totaling $372,180,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 1,143 | $401,325,000 | $351,115 | $5,639 | 2.59% |
| $100k-150k | 485 | $218,715,000 | $450,959 | $7,350 | 3.05% |
| $50k-75k | 436 | $149,550,000 | $343,005 | $6,645 | 2.95% |
| $75k-100k | 335 | $135,185,000 | $403,537 | $7,487 | 3.06% |
| $150k-250k | 310 | $159,800,000 | $515,484 | $6,492 | 3.06% |
| $250k+ | 103 | $63,685,000 | $618,301 | $7,544 | 3.07% |
Hightechlending Inc lent most frequently to those with incomes in the $50k or less range, with 1,143 originations. The second most popular income band? $100k-150k, with 485 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 253 | $98,115,000 | $387,806 | $5,499 | 2.98% |
| 30-36% | 250 | $106,280,000 | $425,120 | $6,263 | 3.04% |
| 49% | 102 | $41,890,000 | $410,686 | $6,229 | 3.08% |
| 48% | 90 | $40,900,000 | $454,444 | $8,214 | 3.08% |
| 44% | 88 | $37,100,000 | $421,591 | $7,398 | 3.17% |
| 50-60% | 79 | $32,955,000 | $417,152 | $12,317 | 2.92% |
| 43% | 77 | $33,395,000 | $433,701 | $7,745 | 3.09% |
| 41% | 75 | $30,575,000 | $407,667 | $6,393 | 3.08% |
| 42% | 73 | $30,575,000 | $418,836 | $6,599 | 3.23% |
| 40% | 69 | $28,025,000 | $406,159 | $6,194 | 3.24% |
| 47% | 68 | $30,210,000 | $444,265 | $8,001 | 3.06% |
| <20% | 62 | $19,980,000 | $322,258 | $4,981 | 2.88% |
| 38% | 62 | $26,650,000 | $429,839 | $7,344 | 3.05% |
| 46% | 60 | $24,840,000 | $414,000 | $7,303 | 3.00% |
| 45% | 57 | $22,045,000 | $386,754 | $7,463 | 3.27% |
| 37% | 52 | $23,330,000 | $448,654 | $7,076 | 3.01% |
| 39% | 49 | $21,905,000 | $447,041 | $6,483 | 3.07% |
| 36% | 39 | $18,565,000 | $476,026 | $5,913 | 3.03% |
| >60% | 7 | $3,495,000 | $499,286 | $15,210 | 2.75% |
Hightechlending Inc lent most frequently to those with DTI ratios of 20-30%, with 253 originations. The next most common DTI ratio? 30-36%, with 250 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 2,023 | $781,905,000 | $386,508 | $5,998 | 2.81% |
| Asian | 346 | $167,650,000 | $484,538 | $9,085 | 2.97% |
| Not provided | 221 | $99,255,000 | $449,118 | $6,849 | 3.00% |
| Black | 136 | $46,720,000 | $343,529 | $6,988 | 2.88% |
| Native Hawaiian | 78 | $29,780,000 | $381,795 | $12,119 | 2.81% |
| American Indian | 6 | $2,190,000 | $365,000 | $4,080 | 3.34% |
| Other Asian | 1 | $465,000 | $465,000 | $0 | 1.84% |
| Other Pacific Islander | 1 | $295,000 | $295,000 | $0 | 2.56% |
Approval Rates
Total approvals of all applications96.60%
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 origination59.53%
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 | 2,812 | $1,128,260,000 | $401,230 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,812 | $1,128,260,000 | $401,230 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 197 | $67,135,000 | $340,787 | $4,734 | 2.75% |
| 40-60% | 1,093 | $405,695,000 | $371,176 | $5,519 | 2.72% |
| 60-80% | 1,018 | $435,770,000 | $428,065 | $7,062 | 2.88% |
| 80-100% | 470 | $207,810,000 | $442,149 | $8,315 | 3.13% |
| Over 100% | 16 | $7,230,000 | $451,875 | $14,376 | 2.81% |
| Under 20% | 18 | $4,620,000 | $256,667 | $4,185 | 2.57% |
