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 Cash Out Refi and Home Purchase loans. They have an average 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, San Francisco, San Diego, Urban Honolulu, and San Jose among others. We have data for 122 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% | 12/16/24 |
| 30 Year Conventional Refi | 6.74% | 12/16/24 |
| 30 Year Cash-out Refi | 6.44% | 12/16/24 |
| 30 Year FHA Purchase | 7.20% | 12/16/24 |
| 30 Year FHA Refi | 6.68% | 12/16/24 |
| 30 Year VA Purchase | 6.30% | 12/16/24 |
| 30 Year VA Refi | 6.11% | 12/16/24 |
| 15 Year Conventional Purchase | 6.03% | 12/16/24 |
| 15 Year Conventional Refi | 6.05% | 12/16/24 |
| 15 Year Cash-out Refi | 6.05% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,682Origination Dollar Volume (All Markets)
$552,660,000Awards
HighTechLending Inc - 2018
HighTechLending Inc is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 378 | $140,440,000 | $371,534 | $8,440 | 4.94% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 117 | $55,735,000 | $476,368 | $8,189 | 5.24% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 134 | $50,320,000 | $375,522 | $7,123 | 4.92% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 107 | $47,005,000 | $439,299 | $12,430 | 4.64% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 51 | $32,765,000 | $642,451 | $9,640 | 5.62% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 119 | $29,755,000 | $250,042 | $9,050 | 4.87% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 89 | $21,005,000 | $236,011 | $6,200 | 5.01% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 50 | $20,000,000 | $400,000 | $6,092 | 4.66% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 67 | $18,905,000 | $282,164 | $11,191 | 5.04% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 67 | $16,955,000 | $253,060 | $7,356 | 4.74% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 31 | $12,595,000 | $406,290 | $9,168 | 5.04% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 21 | $7,895,000 | $375,952 | $7,428 | 4.95% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 31 | $6,815,000 | $219,839 | $8,561 | 4.72% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 35 | $6,675,000 | $190,714 | $9,168 | 4.78% |
| Hilo, HI (FHA|USDA|VA) | 18 | $6,480,000 | $360,000 | $6,941 | 4.65% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 12 | $5,660,000 | $471,667 | $11,778 | 5.36% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 20 | $4,930,000 | $246,500 | $7,671 | 4.87% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 14 | $3,160,000 | $225,714 | $6,731 | 4.63% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 14 | $2,980,000 | $212,857 | $9,511 | 5.03% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 17 | $2,925,000 | $172,059 | $6,514 | 5.16% |
| SALINAS, CA (FHA|USDA|VA) | 7 | $2,805,000 | $400,714 | $5,751 | 5.08% |
| STOCKTON, CA (FHA|USDA|VA) | 10 | $2,220,000 | $222,000 | $8,242 | 4.89% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 14 | $2,190,000 | $156,429 | $12,874 | 5.00% |
| Outside of Metro Areas | 11 | $2,085,000 | $189,545 | $4,276 | 4.91% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 5 | $1,935,000 | $387,000 | $6,589 | 4.66% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 5 | $1,795,000 | $359,000 | $0 | 5.40% |
| FRESNO, CA (FHA|USDA|VA) | 7 | $1,655,000 | $236,429 | $4,734 | 4.47% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 6 | $1,520,000 | $253,333 | $11,469 | 4.67% |
| VALLEJO, CA (FHA|USDA|VA) | 6 | $1,510,000 | $251,667 | $7,852 | 4.86% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 8 | $1,450,000 | $181,250 | $7,727 | 4.56% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $1,445,000 | $1,445,000 | $0 | 5.99% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 4 | $1,400,000 | $350,000 | $3,919 | 4.95% |
| Brookings, OR (FHA|USDA|VA) | 3 | $1,195,000 | $398,333 | $10,593 | 4.58% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $10,693 | 4.95% |
| BOULDER, CO (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $9,926 | 4.51% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 4 | $1,150,000 | $287,500 | $11,522 | 4.93% |
| MERCED, CA (FHA|USDA|VA) | 6 | $1,140,000 | $190,000 | $3,841 | 5.20% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $9,960 | 4.68% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $1,125,000 | $160,714 | $7,254 | 4.77% |
| MODESTO, CA (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $4,706 | 4.93% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $1,030,000 | $171,667 | $7,939 | 4.89% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $995,000 | $199,000 | $5,770 | 5.06% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $16,948 | 4.74% |
| CARSON CITY, NV (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $7,138 | 4.85% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $13,691 | 4.85% |
| FORT COLLINS, CO (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $3,675 | 5.23% |
| VISALIA, CA (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $4,343 | 5.11% |
| TUCSON, AZ (FHA|USDA|VA) | 6 | $850,000 | $141,667 | $10,351 | 4.91% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $4,455 | 5.21% |
| BEND, OR (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $8,809 | 4.78% |
| Port Angeles, WA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $29,262 | 4.87% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $0 | 5.31% |
| GREELEY, CO (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $0 | 5.27% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $8,342 | 5.02% |
| MEDFORD, OR (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 4.99% |
| RENO, NV (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $3,910 | 4.74% |
| BELLINGHAM, WA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $9,556 | 5.34% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 5 | $565,000 | $113,000 | $0 | 5.10% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $8,047 | 4.94% |
| CHICO, CA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $15,315 | 4.85% |
| Durango, CO (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,040 | 4.88% |
| SALEM, OR (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $17,476 | 3.88% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $9,386 | 4.79% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $8,410 | 4.85% |
| EL CENTRO, CA (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $3,657 | 4.88% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 4.03% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,176 | 4.49% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 5.06% |
| Clearlake, CA (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $0 | 4.77% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $8,842 | 4.84% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $1,827 | 4.41% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $13,524 | 4.43% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $7,164 | 4.19% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 4.75% |
| Astoria, OR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,682 | 4.88% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $7,460 | 5.19% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $6,299 | 5.06% |
| Sonora, CA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $6,330 | 4.89% |
| Payson, AZ (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 4.34% |
| ABILENE, TX (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 5.16% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 4.90% |
| Newport, OR (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 5.03% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 4.94% |
| REDDING, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $11,568 | 4.38% |
| OCALA, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.92% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 5.47% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,801 | 4.50% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,083 | 5.50% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,465 | 4.38% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,480 | 3.75% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.77% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.30% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.05% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 4.70% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 5.05% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 5.27% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.85% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 5.13% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.99% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,478 | 4.75% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.38% |
| Shelton, WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.06% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.38% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.71% |
| Paris, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.37% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.75% |
| Centralia, WA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.52% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.56% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.37% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,827 | 4.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.28% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.37% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.64% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.85% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.64% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,228 | 5.25% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.98% |
| Wilson, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.15% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.96% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.41% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.77% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.32% |
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Product Mix
For 2018, Hightechlending Inc's most frequently originated type of loan was FHA, with 627 originations. Their 2nd most popular type was Conventional, with 498 originations.
Loan Reason
For 2018, Hightechlending Inc's most frequently cited loan purpose was Cash Out Refi, with 795 originations. The 2nd most popular reason was Home Purchase, with 532 originations.
Loan Duration/Length
For 2018, Hightechlending Inc's most frequently cited loan duration was 30 Year, with 845 originations. The 2nd most popular length was Other, with 819 originations.
Origination Fees/Closing Costs
Hightechlending Inc's average total fees were $8,499, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 373 originations.
Interest Rates
During 2018, Hightechlending Inc's average interest rate for loans was 4.76%, while their most frequently originated rate bucket for loans was 4-5%, with 940 originations.
Loan Sizing
2018 saw Hightechlending Inc place emphasis on $200k-400k loans with 797 originations, totaling $232,525,000 in origination value.
Applicant Income
Hightechlending Inc lent most frequently to those with incomes in the $50k or less range, with 826 originations. The second most popular income band? $50k-75k, with 270 originations.
Applicant Debt to Income Ratio
Hightechlending Inc lent most frequently to those with DTI ratios of 50-60%, with 138 originations. The next most common DTI ratio? 30-36%, with 99 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.36%
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 origination11.36%
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 | 1,682 | $552,660,000 | $328,573 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 37 | $4,815,000 | $130,135 |
| Single Family (1-4 Units):Site-Built | 1,645 | $547,845,000 | $333,036 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Hightechlendinginc | Reverse mortgage | Closing on a mortgage | 1 | 100.0% |