Hightechlending Inc Mortgage Rates, Fees & Info

Irvine, CA

LEI: 549300CK7U1WMTIG6687

Tax ID: 20-5238443

2.7 stars - out of 5 stars, based on 53 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

2,812

Origination Dollar Volume (All Markets)

$1,128,260,000

Awards

HighTechLending Inc FHA Loans bronze
Show all (1) awards

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 applications
96.60%

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 origination
59.53%

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%