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, Cash Out Refi, and Home Purchase loans. Hightechlending Inc has a high proportion of conventional loans. They have an average proportion of FHA 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, Urban Honolulu, San Francisco, San Diego, and Riverside among others. We have data for 106 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 an average 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% | 4/14/24 |
| 30 Year Conventional Refi | 6.74% | 4/14/24 |
| 30 Year Cash-out Refi | 6.44% | 4/14/24 |
| 30 Year FHA Purchase | 7.20% | 4/14/24 |
| 30 Year FHA Refi | 6.68% | 4/14/24 |
| 30 Year VA Purchase | 6.30% | 4/14/24 |
| 30 Year VA Refi | 6.11% | 4/14/24 |
| 15 Year Conventional Purchase | 6.03% | 4/14/24 |
| 15 Year Conventional Refi | 6.05% | 4/14/24 |
| 15 Year Cash-out Refi | 6.05% | 4/14/24 |
| 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
1,619Origination Dollar Volume (All Markets)
$578,755,000Awards
HighTechLending Inc - 2019
HighTechLending Inc is a 2019 , due to their low .
For 2019, 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) | 389 | $149,335,000 | $383,895 | $7,429 | 4.26% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 166 | $81,570,000 | $491,386 | $11,808 | 4.18% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 89 | $43,075,000 | $483,989 | $5,897 | 4.17% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 111 | $41,135,000 | $370,586 | $5,315 | 4.32% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 133 | $35,445,000 | $266,504 | $6,075 | 4.19% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 69 | $33,795,000 | $489,783 | $7,632 | 4.02% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 55 | $28,415,000 | $516,636 | $7,208 | 4.20% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 90 | $23,510,000 | $261,222 | $6,000 | 4.35% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 61 | $16,645,000 | $272,869 | $4,419 | 4.06% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 48 | $13,800,000 | $287,500 | $6,534 | 4.24% |
| Hilo, HI (FHA|USDA|VA) | 31 | $13,535,000 | $436,613 | $7,339 | 4.04% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 25 | $10,585,000 | $423,400 | $4,569 | 4.15% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 28 | $6,010,000 | $214,643 | $5,995 | 4.27% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 12 | $5,700,000 | $475,000 | $7,410 | 4.39% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 12 | $5,500,000 | $458,333 | $6,453 | 4.00% |
| SALINAS, CA (FHA|USDA|VA) | 5 | $4,605,000 | $921,000 | $7,527 | 4.26% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 11 | $4,405,000 | $400,455 | $7,327 | 4.09% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 20 | $4,320,000 | $216,000 | $3,437 | 3.96% |
| VALLEJO, CA (FHA|USDA|VA) | 14 | $4,140,000 | $295,714 | $6,495 | 4.04% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 21 | $4,125,000 | $196,429 | $3,800 | 4.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 14 | $3,570,000 | $255,000 | $5,515 | 4.04% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 13 | $3,525,000 | $271,154 | $2,781 | 4.07% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 9 | $2,435,000 | $270,556 | $3,487 | 4.36% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 13 | $2,165,000 | $166,538 | $6,122 | 4.61% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 7 | $2,145,000 | $306,429 | $6,061 | 3.95% |
| MODESTO, CA (FHA|USDA|VA) | 8 | $2,130,000 | $266,250 | $5,355 | 4.66% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 6 | $2,000,000 | $333,333 | $3,565 | 3.82% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 10 | $1,740,000 | $174,000 | $2,994 | 4.48% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 9 | $1,665,000 | $185,000 | $0 | 4.56% |
| STOCKTON, CA (FHA|USDA|VA) | 4 | $1,320,000 | $330,000 | $8,613 | 4.04% |
| Outside of Metro Areas | 6 | $1,270,000 | $211,667 | $3,435 | 4.08% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $2,907 | 4.40% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $0 | 4.13% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $3,265 | 3.40% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $6,957 | 4.42% |
| RENO, NV (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $0 | 3.84% |
| YUBA CITY, CA (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $7,635 | 4.21% |
| Port Angeles, WA (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $0 | 3.89% |
| Oak Harbor, WA (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $0 | 4.79% |
| Astoria, OR (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $3,270 | 4.31% |
| BELLINGHAM, WA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $0 | 4.14% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $4,748 | 4.18% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $9,540 | 4.50% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $585,000 | $117,000 | $0 | 4.87% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $5,191 | 3.53% |
| MADERA, CA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $3,055 | 4.62% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $6,574 | 4.16% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,065 | 3.75% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 5.02% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 4.32% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $3,249 | 4.09% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 4.16% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 5.02% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 4.21% |
| BEND, OR (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,233 | 4.16% |
| Durango, CO (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 5.21% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,613 | 4.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 4.51% |
| Kapaa, HI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,092 | 4.38% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 4.25% |
| CHICO, CA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 3.98% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 3.47% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 3.66% |
| Centralia, WA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,214 | 5.14% |
| NAPA, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 4.44% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 3.91% |
| SALEM, OR (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 4.23% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 5.63% |
| Key West, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 4.66% |
| MERCED, CA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 4.56% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $11,203 | 4.13% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 3.99% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,343 | 3.50% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.95% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.50% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.22% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 4.40% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 3.71% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 3.96% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 5.14% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,458 | 3.25% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.25% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.89% |
| Payson, AZ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.16% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.69% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.52% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.60% |
| TYLER, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.41% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.21% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.05% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.87% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.16% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.49% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.59% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.62% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.35% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.20% |
| New Castle, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.10% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.25% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.73% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.64% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.63% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.19% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.04% |
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Product Mix
For 2019, Hightechlending Inc's most frequently originated type of loan was Conventional, with 681 originations. Their 2nd most popular type was FHA, with 624 originations.
Loan Reason
For 2019, Hightechlending Inc's most frequently cited loan purpose was Refi, with 686 originations. The 2nd most popular reason was Cash Out Refi, with 454 originations.
Loan Duration/Length
For 2019, Hightechlending Inc's most frequently cited loan duration was 30 Year, with 928 originations. The 2nd most popular length was Other, with 659 originations.
Origination Fees/Closing Costs
Hightechlending Inc's average total fees were $7,396, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 444 originations.
Interest Rates
During 2019, Hightechlending Inc's average interest rate for loans was 4.18%, while their most frequently originated rate bucket for loans was 4-5%, with 729 originations.
Loan Sizing
2019 saw Hightechlending Inc place emphasis on $200k-400k loans with 792 originations, totaling $238,390,000 in origination value.
Applicant Income
Hightechlending Inc lent most frequently to those with incomes in the $50k or less range, with 707 originations. The second most popular income band? $100k-150k, with 283 originations.
Applicant Debt to Income Ratio
Hightechlending Inc lent most frequently to those with DTI ratios of 30-36%, with 136 originations. The next most common DTI ratio? 20-30%, with 101 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.41%
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 origination64.48%
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 | 1,619 | $578,755,000 | $357,477 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 23 | $4,075,000 | $177,174 |
| Single Family (1-4 Units):Site-Built | 1,596 | $574,680,000 | $360,075 |