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 small mortgage company specializing in Cash Out Refi and Refi 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 Jose, and San Diego among others. We have data for 120 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% | 4/21/24 |
| 30 Year Conventional Refi | 6.74% | 4/21/24 |
| 30 Year Cash-out Refi | 6.44% | 4/21/24 |
| 30 Year FHA Purchase | 7.20% | 4/21/24 |
| 30 Year FHA Refi | 6.68% | 4/21/24 |
| 30 Year VA Purchase | 6.30% | 4/21/24 |
| 30 Year VA Refi | 6.11% | 4/21/24 |
| 15 Year Conventional Purchase | 6.03% | 4/21/24 |
| 15 Year Conventional Refi | 6.05% | 4/21/24 |
| 15 Year Cash-out Refi | 6.05% | 4/21/24 |
| 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
2,996Origination Dollar Volume (All Markets)
$1,130,740,000Awards
HighTechLending Inc - 2020
HighTechLending Inc is a 2020 , due to their low .
For 2020, 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) | 705 | $294,895,000 | $418,291 | $6,397 | 3.15% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 281 | $136,765,000 | $486,708 | $10,699 | 3.05% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 192 | $92,390,000 | $481,198 | $5,512 | 3.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 146 | $75,770,000 | $518,973 | $5,987 | 3.24% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 178 | $69,640,000 | $391,236 | $4,540 | 3.21% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 229 | $67,805,000 | $296,092 | $6,010 | 3.16% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 163 | $49,845,000 | $305,798 | $5,808 | 3.30% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 120 | $37,050,000 | $308,750 | $4,236 | 2.98% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 78 | $36,580,000 | $468,974 | $6,290 | 3.13% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 80 | $26,380,000 | $329,750 | $3,783 | 2.87% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 86 | $23,880,000 | $277,674 | $4,874 | 3.14% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 66 | $21,070,000 | $319,242 | $3,831 | 2.90% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 80 | $17,540,000 | $219,250 | $3,588 | 2.92% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 35 | $16,505,000 | $471,571 | $7,493 | 3.19% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 39 | $15,725,000 | $403,205 | $3,716 | 3.36% |
| Hilo, HI (FHA|USDA|VA) | 34 | $14,420,000 | $424,118 | $9,226 | 2.97% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 22 | $11,390,000 | $517,727 | $5,520 | 3.29% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 31 | $8,645,000 | $278,871 | $3,090 | 2.94% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 28 | $7,650,000 | $273,214 | $5,916 | 3.10% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 32 | $7,180,000 | $224,375 | $5,242 | 3.13% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 15 | $6,265,000 | $417,667 | $8,751 | 2.94% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 24 | $5,650,000 | $235,417 | $2,900 | 2.92% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 10 | $5,480,000 | $548,000 | $2,858 | 3.24% |
| STOCKTON, CA (FHA|USDA|VA) | 15 | $4,915,000 | $327,667 | $6,254 | 3.31% |
| Outside of Metro Areas | 18 | $4,180,000 | $232,222 | $4,180 | 3.41% |
| SALINAS, CA (FHA|USDA|VA) | 11 | $4,155,000 | $377,727 | $4,577 | 3.11% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 11 | $3,735,000 | $339,545 | $3,383 | 3.18% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 11 | $3,315,000 | $301,364 | $6,297 | 2.92% |
| VALLEJO, CA (FHA|USDA|VA) | 11 | $3,215,000 | $292,273 | $6,832 | 2.92% |
| FRESNO, CA (FHA|USDA|VA) | 11 | $2,575,000 | $234,091 | $4,735 | 3.21% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 10 | $2,410,000 | $241,000 | $4,499 | 3.27% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 6 | $2,360,000 | $393,333 | $3,681 | 3.16% |
| GREELEY, CO (FHA|USDA|VA) | 8 | $2,320,000 | $290,000 | $2,583 | 2.78% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 8 | $2,310,000 | $288,750 | $2,474 | 2.91% |
| MODESTO, CA (FHA|USDA|VA) | 7 | $2,045,000 | $292,143 | $5,297 | 3.17% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $1,855,000 | $265,000 | $2,495 | 2.78% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 6 | $1,710,000 | $285,000 | $2,835 | 2.87% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 10 | $1,650,000 | $165,000 | $1,976 | 2.99% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 9 | $1,645,000 | $182,778 | $3,952 | 3.02% |
| NAPA, CA (FHA|USDA|VA) | 3 | $1,495,000 | $498,333 | $3,085 | 2.91% |
| RENO, NV (FHA|USDA|VA) | 6 | $1,380,000 | $230,000 | $5,009 | 3.01% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $1,785 | 3.17% |
| MERCED, CA (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $4,724 | 3.55% |
| BELLINGHAM, WA (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $4,257 | 2.77% |
| CHICO, CA (FHA|USDA|VA) | 5 | $1,085,000 | $217,000 | $3,801 | 2.89% |
| Sonora, CA (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $4,602 | 2.92% |
| Outside of Metro Areas | 3 | $995,000 | $331,667 | $3,523 | 3.29% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $0 | 3.22% |
| Payson, AZ (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $0 | 2.63% |
| MEDFORD, OR (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $3,710 | 2.92% |
| SALEM, OR (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $3,386 | 2.75% |
| FORT COLLINS, CO (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $2,454 | 3.03% |
| BOISE CITY, ID (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $6,125 | 3.21% |
| Port Angeles, WA (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $0 | 3.22% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $0 | 3.62% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $0 | 2.33% |
| Glenwood Springs, CO (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $2,457 | 2.96% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $2,856 | 3.84% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $3,484 | 3.56% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $6,241 | 3.29% |
| Clearlake, CA (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $4,851 | 3.74% |
| PROVO-OREM, UT (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,999 | 2.87% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $0 | 3.07% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $2,570 | 3.40% |
| EL CENTRO, CA (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $2,991 | 3.15% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 3.36% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,955 | 3.04% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,958 | 3.06% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $0 | 2.69% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $3,316 | 2.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $4,918 | 3.67% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,042 | 2.75% |
| YAKIMA, WA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 3.68% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 2.67% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $5,475 | 3.28% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $5,884 | 2.75% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 3.04% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,391 | 3.40% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 4.68% |
| ST. GEORGE, UT (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,413 | 2.92% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,583 | 3.25% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 3.42% |
| Athens, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 2.95% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,639 | 2.88% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,495 | 3.11% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,732 | 3.38% |
| Astoria, OR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,484 | 3.13% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 3.32% |
| Fallon, NV (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 3.43% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 2.72% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 3.22% |
| Prineville, OR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 3.09% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 3.20% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 3.19% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,365 | 4.00% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,074 | 3.25% |
| Kapaa, HI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,257 | 2.88% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 3.09% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,493 | 3.25% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 2.84% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,907 | 2.25% |
| Centralia, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.04% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,852 | 3.13% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,642 | 2.75% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,600 | 2.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,698 | 2.88% |
| OCALA, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,798 | 2.88% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 2.88% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 3.23% |
| Shelton, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 3.12% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 2.93% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 2.47% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,687 | 2.88% |
| Newport, OR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 2.95% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.10% |
| FARMINGTON, NM (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.80% |
| WACO, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.63% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,445 | 3.63% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.33% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 3.21% |
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Product Mix
For 2020, Hightechlending Inc's most frequently originated type of loan was Conventional, with 1,753 originations. Their 2nd most popular type was FHA, with 841 originations.
Loan Reason
For 2020, Hightechlending Inc's most frequently cited loan purpose was Cash Out Refi, with 1,193 originations. The 2nd most popular reason was Refi, with 1,188 originations.
Loan Duration/Length
For 2020, Hightechlending Inc's most frequently cited loan duration was 30 Year, with 1,857 originations. The 2nd most popular length was Other, with 906 originations.
Origination Fees/Closing Costs
Hightechlending Inc's average total fees were $6,482, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 866 originations.
Interest Rates
During 2020, Hightechlending Inc's average interest rate for loans was 3.20%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,331 originations.
Loan Sizing
2020 saw Hightechlending Inc place emphasis on $200k-400k loans with 1,432 originations, totaling $428,150,000 in origination value.
Applicant Income
Hightechlending Inc lent most frequently to those with incomes in the $50k or less range, with 1,024 originations. The second most popular income band? $100k-150k, with 612 originations.
Applicant Debt to Income Ratio
Hightechlending Inc lent most frequently to those with DTI ratios of 20-30%, with 362 originations. The next most common DTI ratio? 30-36%, with 317 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.74%
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 origination70.79%
Hightechlending Inc has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,996 | $1,130,740,000 | $377,417 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 25 | $4,655,000 | $186,200 |
| Single Family (1-4 Units):Site-Built | 2,971 | $1,126,085,000 | $379,026 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Hightechlendinginc | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |