Highlands Residential Mortgage Ltd. Rates, Fees & Info

AUSTIN, TX

LEI: 549300KHXD7JSQUZIJ22

Tax ID: 75-2269700

3.8 stars - Updated: 12/17/24 - out of 5 stars, based on 82 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Highlands Residential Mortgage Ltd. is a small mortgage company specializing in Home Purchase loans. Highlands Residential Mortgage Ltd. has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Dallas, Miami, Houston, Nashville, and Charlotte among others. We have data for 255 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Highlands Residential Mortgage Ltd. 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. Highlands Residential Mortgage Ltd. 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 relatively high 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.80% 12/17/24
    30 Year Conventional Refi 6.77% 12/17/24
    30 Year Cash-out Refi 6.92% 12/17/24
    30 Year FHA Purchase 7.58% 12/17/24
    30 Year FHA Refi 7.19% 12/17/24
    30 Year VA Purchase 6.38% 12/17/24
    30 Year VA Refi 6.21% 12/17/24
    30 Year USDA Purchase 6.95% 12/17/24
    30 Year USDA Refi 6.27% 12/17/24
    15 Year Conventional Purchase 5.25% 12/17/24
    15 Year Conventional Refi 6.19% 12/17/24
    15 Year Cash-out Refi 6.19% 12/17/24
    15 Year FHA Purchase 7.81% 12/17/24
    15 Year FHA Refi 5.68% 12/17/24
    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.

    Highlands Residential Mortgage Ltd. Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Highlands Residential Mortgage Ltd.. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    6,672

    Origination Dollar Volume (All Markets)

    $2,037,150,000
    Show all (8) awards

    Relative Rate

    Highlands Residential Mortgage Ltd.'s average 30 year fixed mortgage rate was 6.66%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of 0.18%.

    Relative Fees (Closing Costs)

    Highlands Residential Mortgage Ltd.'s average total fees/closing costs for a 30 year fixed rate mortgage were $9,729.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

    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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1,145 $451,175,000 $394,039 $12,141 6.78%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 454 $140,500,000 $309,471 $12,471 5.42%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 416 $130,420,000 $313,510 $10,654 6.84%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 176 $72,920,000 $414,318 $8,654 6.64%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 214 $71,570,000 $334,439 $7,262 6.58%
    WINSTON-SALEM, NC (FHA|USDA|VA) 311 $68,405,000 $219,952 $7,563 5.51%
    Outside of Metro Areas 233 $60,015,000 $257,575 $8,888 6.64%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 113 $51,705,000 $457,566 $6,804 6.66%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 83 $48,725,000 $587,048 $14,471 6.78%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 117 $42,485,000 $363,120 $11,146 6.61%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 136 $38,840,000 $285,588 $7,341 6.27%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 138 $37,960,000 $275,072 $5,924 6.86%
    MIDLAND, TX (FHA|USDA|VA) 126 $35,150,000 $278,968 $11,469 7.17%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 144 $34,270,000 $237,986 $6,850 6.70%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 111 $33,755,000 $304,099 $4,871 6.78%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 75 $29,845,000 $397,933 $10,596 6.92%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 107 $29,495,000 $275,654 $11,574 5.87%
    IDAHO FALLS, ID (FHA|USDA|VA) 102 $28,800,000 $282,353 $12,365 6.73%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 79 $26,895,000 $340,443 $10,452 6.75%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 123 $26,525,000 $215,650 $7,127 6.70%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 107 $25,445,000 $237,804 $7,693 7.09%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 144 $24,480,000 $170,000 $6,989 5.52%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 79 $20,615,000 $260,949 $8,941 5.84%
    ASHEVILLE, NC (FHA|USDA|VA) 78 $19,850,000 $254,487 $9,778 6.14%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 68 $18,970,000 $278,971 $13,833 5.95%
    FORT SMITH, AR-OK (FHA|USDA|VA) 101 $18,655,000 $184,703 $6,820 6.87%
    WILMINGTON, NC (FHA|USDA|VA) 56 $17,230,000 $307,679 $8,420 6.13%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 45 $15,685,000 $348,556 $6,861 6.93%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 78 $15,280,000 $195,897 $8,306 6.75%
    RALEIGH-CARY, NC (FHA|USDA|VA) 41 $14,545,000 $354,756 $7,664 6.03%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 47 $13,725,000 $292,021 $8,426 6.46%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 39 $12,415,000 $318,333 $11,911 6.78%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 29 $12,385,000 $427,069 $10,697 6.76%
    ODESSA, TX (FHA|USDA|VA) 45 $11,235,000 $249,667 $11,045 7.21%
    Port Angeles, WA (FHA|USDA|VA) 24 $10,820,000 $450,833 $6,171 7.28%
    El Dorado, AR (FHA|USDA|VA) 43 $9,685,000 $225,233 $7,239 6.87%
    FLAGSTAFF, AZ (FHA|USDA|VA) 22 $9,330,000 $424,091 $12,417 6.19%
    TYLER, TX (FHA|USDA|VA) 31 $9,085,000 $293,065 $11,756 6.94%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 25 $8,625,000 $345,000 $12,110 6.28%
    BOULDER, CO (FHA|USDA|VA) 13 $7,915,000 $608,846 $4,965 7.26%
    BURLINGTON, NC (FHA|USDA|VA) 27 $7,305,000 $270,556 $7,261 6.78%
    FAYETTEVILLE, NC (FHA|USDA|VA) 42 $7,150,000 $170,238 $8,636 4.88%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 25 $7,095,000 $283,800 $12,457 5.89%
    JONESBORO, AR (FHA|USDA|VA) 35 $7,045,000 $201,286 $7,631 6.73%
    TEXARKANA, TX-AR (FHA|USDA|VA) 28 $6,590,000 $235,357 $9,166 6.93%
    Aberdeen, WA (FHA|USDA|VA) 28 $6,260,000 $223,571 $8,746 5.51%
    KNOXVILLE, TN (FHA|USDA|VA) 19 $5,855,000 $308,158 $9,750 7.05%
    Sandpoint, ID (FHA|USDA|VA) 12 $5,210,000 $434,167 $10,422 7.14%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 23 $4,565,000 $198,478 $8,990 7.06%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 19 $4,445,000 $233,947 $8,460 6.97%
    Paragould, AR (FHA|USDA|VA) 25 $4,285,000 $171,400 $7,210 6.58%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 6 $4,090,000 $681,667 $22,854 6.77%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 15 $4,085,000 $272,333 $12,031 6.30%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 16 $3,840,000 $240,000 $5,445 6.98%
    JACKSONVILLE, FL (FHA|USDA|VA) 15 $3,825,000 $255,000 $8,194 5.85%
    Blackfoot, ID (FHA|USDA|VA) 18 $3,820,000 $212,222 $9,813 6.92%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 36 $3,780,000 $105,000 $5,863 5.13%
    PUNTA GORDA, FL (FHA|USDA|VA) 11 $3,555,000 $323,182 $8,695 6.37%
    HOT SPRINGS, AR (FHA|USDA|VA) 19 $3,525,000 $185,526 $5,919 6.89%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 10 $3,480,000 $348,000 $9,505 6.70%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 16 $3,440,000 $215,000 $10,920 4.94%
    OCALA, FL (FHA|USDA|VA) 19 $3,355,000 $176,579 $8,422 6.28%
    Mount Pleasant, TX (FHA|USDA|VA) 6 $3,260,000 $543,333 $10,124 6.92%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 10 $3,230,000 $323,000 $15,868 5.24%
    Lewisburg, TN (FHA|USDA|VA) 15 $3,175,000 $211,667 $9,806 6.52%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 15 $3,165,000 $211,000 $6,683 7.07%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 21 $3,165,000 $150,714 $7,140 6.07%
    LONGVIEW, TX (FHA|USDA|VA) 14 $2,980,000 $212,857 $11,294 7.20%
    El Campo, TX (FHA|USDA|VA) 9 $2,715,000 $301,667 $9,594 7.44%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 6 $2,550,000 $425,000 $6,061 6.71%
    Athens, TX (FHA|USDA|VA) 7 $2,465,000 $352,143 $13,229 6.91%
    COLUMBIA, SC (FHA|USDA|VA) 11 $2,425,000 $220,455 $8,309 6.64%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 17 $2,425,000 $142,647 $9,257 7.14%
    Fort Payne, AL (FHA|USDA|VA) 11 $2,375,000 $215,909 $8,905 7.03%
    Andrews, TX (FHA|USDA|VA) 7 $2,365,000 $337,857 $14,778 7.52%
    Gainesville, TX (FHA|USDA|VA) 6 $2,320,000 $386,667 $12,660 6.75%
    WICHITA FALLS, TX (FHA|USDA|VA) 6 $2,260,000 $376,667 $9,492 6.41%
    CLEVELAND, TN (FHA|USDA|VA) 10 $2,220,000 $222,000 $8,030 6.51%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 8 $2,180,000 $272,500 $10,358 6.44%
    Brevard, NC (FHA|USDA|VA) 8 $2,180,000 $272,500 $7,550 6.75%
    FLINT, MI (FHA|USDA|VA) 11 $2,155,000 $195,909 $7,371 6.78%
    Outside of Metro Areas 3 $2,135,000 $711,667 $15,070 7.42%
    SPRINGFIELD, MO (FHA|USDA|VA) 9 $2,115,000 $235,000 $7,974 6.19%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $2,065,000 $688,333 $10,175 6.58%
    Jacksonville, TX (FHA|USDA|VA) 7 $2,035,000 $290,714 $9,021 7.53%
    Scottsboro, AL (FHA|USDA|VA) 9 $2,035,000 $226,111 $7,778 6.80%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 4 $1,990,000 $497,500 $16,309 6.56%
    Rexburg, ID (FHA|USDA|VA) 6 $1,980,000 $330,000 $13,945 6.52%
    ANN ARBOR, MI (FHA|USDA|VA) 7 $1,915,000 $273,571 $7,258 7.53%
    POCATELLO, ID (FHA|USDA|VA) 6 $1,870,000 $311,667 $12,594 6.75%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 6 $1,830,000 $305,000 $9,555 6.94%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 6 $1,730,000 $288,333 $6,949 7.39%
    GREELEY, CO (FHA|USDA|VA) 4 $1,720,000 $430,000 $6,099 7.22%
    FORT COLLINS, CO (FHA|USDA|VA) 3 $1,675,000 $558,333 $8,801 6.96%
    Show Low, AZ (FHA|USDA|VA) 9 $1,645,000 $182,778 $8,400 6.79%
    Oak Harbor, WA (FHA|USDA|VA) 3 $1,645,000 $548,333 $9,174 7.08%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 6 $1,630,000 $271,667 $8,835 7.12%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 4 $1,610,000 $402,500 $9,302 7.16%
    Searcy, AR (FHA|USDA|VA) 8 $1,590,000 $198,750 $7,147 6.63%
    Granbury, TX (FHA|USDA|VA) 5 $1,575,000 $315,000 $7,927 7.17%
    Forest City, NC (FHA|USDA|VA) 8 $1,540,000 $192,500 $7,220 5.81%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 3 $1,535,000 $511,667 $8,808 6.88%
    Fredericksburg, TX (FHA|USDA|VA) 3 $1,505,000 $501,667 $14,657 7.63%
    North Wilkesboro, NC (FHA|USDA|VA) 9 $1,485,000 $165,000 $7,421 5.30%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 9 $1,485,000 $165,000 $11,260 7.14%
    DALTON, GA (FHA|USDA|VA) 5 $1,465,000 $293,000 $8,031 6.83%
    Mineral Wells, TX (FHA|USDA|VA) 4 $1,460,000 $365,000 $9,330 6.69%
    JACKSON, MI (FHA|USDA|VA) 5 $1,435,000 $287,000 $7,087 7.05%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 6 $1,430,000 $238,333 $7,720 6.83%
    Mount Airy, NC (FHA|USDA|VA) 10 $1,430,000 $143,000 $6,023 5.00%
    RENO, NV (FHA|USDA|VA) 4 $1,420,000 $355,000 $14,175 5.62%
    Morehead City, NC (FHA|USDA|VA) 3 $1,395,000 $465,000 $12,988 7.71%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 17 $1,395,000 $82,059 $5,697 7.10%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 9 $1,365,000 $151,667 $9,139 5.19%
    Durango, CO (FHA|USDA|VA) 5 $1,345,000 $269,000 $6,608 5.63%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 3 $1,315,000 $438,333 $8,009 7.00%
    TALLAHASSEE, FL (FHA|USDA|VA) 3 $1,305,000 $435,000 $11,468 6.88%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 4 $1,270,000 $317,500 $4,418 6.38%
    Corsicana, TX (FHA|USDA|VA) 4 $1,170,000 $292,500 $13,765 6.34%
    McMinnville, TN (FHA|USDA|VA) 3 $1,125,000 $375,000 $10,592 7.25%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $1,110,000 $555,000 $2,918 6.06%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $1,100,000 $550,000 $11,910 6.31%
    Shelbyville, TN (FHA|USDA|VA) 5 $1,085,000 $217,000 $8,633 6.62%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 4 $1,060,000 $265,000 $4,805 6.44%
    Shelton, WA (FHA|USDA|VA) 2 $1,050,000 $525,000 $6,719 8.13%
    BOWLING GREEN, KY (FHA|USDA|VA) 3 $1,045,000 $348,333 $15,222 5.99%
    TUCSON, AZ (FHA|USDA|VA) 3 $1,045,000 $348,333 $6,923 6.83%
    BELLINGHAM, WA (FHA|USDA|VA) 3 $1,015,000 $338,333 $8,491 7.17%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $1,010,000 $505,000 $8,166 6.38%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 5 $995,000 $199,000 $8,462 6.70%
    Marion, NC (FHA|USDA|VA) 7 $945,000 $135,000 $7,877 4.64%
    Palestine, TX (FHA|USDA|VA) 4 $930,000 $232,500 $9,659 7.22%
    Taos, NM (FHA|USDA|VA) 2 $930,000 $465,000 $7,006 6.63%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $855,000 $855,000 $33,682 6.50%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 3 $845,000 $281,667 $9,620 5.54%
    Big Spring, TX (FHA|USDA|VA) 5 $845,000 $169,000 $9,771 7.42%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $820,000 $410,000 $9,036 6.13%
    WACO, TX (FHA|USDA|VA) 4 $820,000 $205,000 $8,500 6.81%
    COLUMBUS, OH (FHA|USDA|VA) 4 $820,000 $205,000 $4,252 7.41%
    Albemarle, NC (FHA|USDA|VA) 3 $795,000 $265,000 $4,258 6.63%
    Adrian, MI (FHA|USDA|VA) 3 $785,000 $261,667 $9,921 6.62%
    Lumberton, NC (FHA|USDA|VA) 4 $780,000 $195,000 $12,255 4.94%
    Blytheville, AR (FHA|USDA|VA) 6 $770,000 $128,333 $4,151 7.02%
    Bonham, TX (FHA|USDA|VA) 4 $760,000 $190,000 $7,907 6.59%
    JACKSON, TN (FHA|USDA|VA) 3 $755,000 $251,667 $7,416 6.54%
    PANAMA CITY, FL (FHA|USDA|VA) 4 $740,000 $185,000 $10,429 5.00%
    Dayton, TN (FHA|USDA|VA) 4 $740,000 $185,000 $9,664 6.34%
    LUBBOCK, TX (FHA|USDA|VA) 5 $735,000 $147,000 $6,446 7.10%
    EL PASO, TX (FHA|USDA|VA) 2 $720,000 $360,000 $11,385 6.87%
    PUEBLO, CO (FHA|USDA|VA) 1 $715,000 $715,000 $15,277 6.75%
    Ellensburg, WA (FHA|USDA|VA) 1 $715,000 $715,000 $23,333 7.38%
    Clewiston, FL (FHA|USDA|VA) 3 $695,000 $231,667 $8,280 4.25%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $690,000 $345,000 $16,003 6.81%
    ALBUQUERQUE, NM (FHA|USDA|VA) 2 $690,000 $345,000 $11,437 7.19%
    Cookeville, TN (FHA|USDA|VA) 3 $675,000 $225,000 $8,305 6.29%
    FLORENCE, SC (FHA|USDA|VA) 2 $670,000 $335,000 $13,961 6.38%
    FARMINGTON, NM (FHA|USDA|VA) 4 $670,000 $167,500 $7,286 7.97%
    GREENVILLE, NC (FHA|USDA|VA) 4 $660,000 $165,000 $6,504 5.44%
    AKRON, OH (FHA|USDA|VA) 6 $650,000 $108,333 $0 6.77%
    Boone, NC (FHA|USDA|VA) 1 $635,000 $635,000 $19,306 7.13%
    Huntsville, TX (FHA|USDA|VA) 2 $620,000 $310,000 $14,359 6.19%
    SPARTANBURG, SC (FHA|USDA|VA) 2 $600,000 $300,000 $5,358 6.56%
    Shelby, NC (FHA|USDA|VA) 3 $595,000 $198,333 $7,992 6.63%
    Centralia, WA (FHA|USDA|VA) 1 $595,000 $595,000 $9,457 7.63%
    JACKSON, MS (FHA|USDA|VA) 2 $590,000 $295,000 $8,179 6.74%
    MONROE, LA (FHA|USDA|VA) 2 $560,000 $280,000 $11,261 6.88%
    Pullman, WA (FHA|USDA|VA) 1 $555,000 $555,000 $5,123 6.88%
    Crawfordsville, IN (FHA|USDA|VA) 3 $555,000 $185,000 $7,535 7.25%
    HINESVILLE, GA (FHA|USDA|VA) 2 $540,000 $270,000 $13,286 6.56%
    Batesville, AR (FHA|USDA|VA) 3 $535,000 $178,333 $7,552 7.04%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $535,000 $535,000 $6,716 6.99%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $530,000 $265,000 $11,330 6.44%
    ABILENE, TX (FHA|USDA|VA) 2 $530,000 $265,000 $6,221 7.13%
    Magnolia, AR (FHA|USDA|VA) 3 $525,000 $175,000 $10,630 7.25%
    VICTORIA, TX (FHA|USDA|VA) 2 $500,000 $250,000 $9,417 7.25%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $485,000 $485,000 $16,222 5.75%
    Malvern, AR (FHA|USDA|VA) 2 $480,000 $240,000 $5,992 7.00%
    Camden, AR (FHA|USDA|VA) 2 $480,000 $240,000 $8,067 6.56%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $460,000 $230,000 $7,654 7.38%
    JOHNSON CITY, TN (FHA|USDA|VA) 2 $460,000 $230,000 $10,010 7.00%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $455,000 $151,667 $0 7.42%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $445,000 $445,000 $6,341 7.50%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $445,000 $445,000 $8,124 7.62%
    Lawrenceburg, TN (FHA|USDA|VA) 2 $440,000 $220,000 $7,365 6.38%
    Vernon, TX (FHA|USDA|VA) 1 $435,000 $435,000 $11,503 5.38%
    Pecos, TX (FHA|USDA|VA) 2 $430,000 $215,000 $11,250 6.81%
    Mountain Home, AR (FHA|USDA|VA) 2 $430,000 $215,000 $8,229 7.06%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $425,000 $425,000 $0 7.50%
    HUNTSVILLE, AL (FHA|USDA|VA) 3 $415,000 $138,333 $3,878 7.33%
    PINE BLUFF, AR (FHA|USDA|VA) 4 $410,000 $102,500 $7,169 6.19%
    TULSA, OK (FHA|USDA|VA) 1 $405,000 $405,000 $5,789 7.25%
    Frankfort, IN (FHA|USDA|VA) 2 $400,000 $200,000 $6,710 7.31%
    Breckenridge, CO (FHA|USDA|VA) 1 $375,000 $375,000 $8,257 8.13%
    Paris, TX (FHA|USDA|VA) 2 $360,000 $180,000 $6,204 7.50%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $355,000 $355,000 $7,972 6.63%
    Jefferson, GA (FHA|USDA|VA) 1 $355,000 $355,000 $8,056 5.63%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $345,000 $345,000 $14,747 7.12%
    Orangeburg, SC (FHA|USDA|VA) 2 $340,000 $170,000 $7,775 6.69%
    KOKOMO, IN (FHA|USDA|VA) 2 $320,000 $160,000 $4,304 8.06%
    Roswell, NM (FHA|USDA|VA) 1 $315,000 $315,000 $10,114 7.00%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $305,000 $305,000 $4,808 6.88%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $305,000 $305,000 $9,154 8.63%
    HATTIESBURG, MS (FHA|USDA|VA) 1 $295,000 $295,000 $15,330 6.88%
    SUMTER, SC (FHA|USDA|VA) 1 $295,000 $295,000 $2,347 7.25%
    Big Rapids, MI (FHA|USDA|VA) 1 $295,000 $295,000 $7,731 6.75%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $285,000 $285,000 $0 6.88%
    Sevierville, TN (FHA|USDA|VA) 1 $275,000 $275,000 $6,825 7.38%
    Pahrump, NV (FHA|USDA|VA) 1 $275,000 $275,000 $9,398 5.88%
    Dyersburg, TN (FHA|USDA|VA) 2 $270,000 $135,000 $6,383 6.63%
    Kennett, MO (FHA|USDA|VA) 1 $265,000 $265,000 $12,359 6.75%
    Bay City, TX (FHA|USDA|VA) 1 $265,000 $265,000 $6,139 7.50%
    Arkadelphia, AR (FHA|USDA|VA) 1 $255,000 $255,000 $9,563 6.75%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $255,000 $255,000 $8,258 7.49%
    Kerrville, TX (FHA|USDA|VA) 1 $255,000 $255,000 $10,044 6.88%
    Russellville, AR (FHA|USDA|VA) 2 $250,000 $125,000 $6,173 6.81%
    Brownwood, TX (FHA|USDA|VA) 2 $240,000 $120,000 $4,980 6.88%
    Wilson, NC (FHA|USDA|VA) 1 $235,000 $235,000 $11,296 6.75%
    Las Vegas, NM (FHA|USDA|VA) 1 $235,000 $235,000 $4,838 7.99%
    Alamogordo, NM (FHA|USDA|VA) 1 $225,000 $225,000 $9,718 7.63%
    Port Lavaca, TX (FHA|USDA|VA) 1 $225,000 $225,000 $5,557 7.63%
    Athens, TN (FHA|USDA|VA) 2 $220,000 $110,000 $7,691 3.13%
    MUNCIE, IN (FHA|USDA|VA) 2 $220,000 $110,000 $4,664 7.13%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $220,000 $110,000 $0 7.50%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $215,000 $215,000 $0 8.13%
    Holland, MI (FHA|USDA|VA) 1 $215,000 $215,000 $3,792 6.50%
    Crossville, TN (FHA|USDA|VA) 1 $215,000 $215,000 $4,786 6.99%
    Lufkin, TX (FHA|USDA|VA) 1 $205,000 $205,000 $9,977 7.13%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 2 $200,000 $100,000 $0 7.25%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $195,000 $195,000 $7,349 7.25%
    Paris, TN (FHA|USDA|VA) 1 $195,000 $195,000 $7,191 6.75%
    MONROE, MI (FHA|USDA|VA) 1 $195,000 $195,000 $5,930 7.99%
    WICHITA, KS (FHA|USDA|VA) 1 $195,000 $195,000 $9,996 7.25%
    Hope, AR (FHA|USDA|VA) 1 $185,000 $185,000 $7,194 6.63%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $185,000 $185,000 $5,646 6.50%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $175,000 $175,000 $0 7.13%
    Nacogdoches, TX (FHA|USDA|VA) 1 $165,000 $165,000 $5,951 6.63%
    Okeechobee, FL (FHA|USDA|VA) 1 $165,000 $165,000 $6,240 6.88%
    SAN ANGELO, TX (FHA|USDA|VA) 1 $165,000 $165,000 $8,498 6.75%
    West Plains, MO (FHA|USDA|VA) 1 $155,000 $155,000 $3,648 7.63%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $155,000 $155,000 $3,498 6.25%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $155,000 $155,000 $9,912 6.62%
    Summerville, GA (FHA|USDA|VA) 1 $135,000 $135,000 $5,179 6.63%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.75%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.13%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $125,000 $125,000 $0 7.50%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $125,000 $125,000 $5,294 7.50%
    New Castle, IN (FHA|USDA|VA) 1 $125,000 $125,000 $6,139 6.63%
    RICHMOND, VA (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.38%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.50%
    Kinston, NC (FHA|USDA|VA) 2 $110,000 $55,000 $5,792 3.75%
    Miami, OK (FHA|USDA|VA) 1 $95,000 $95,000 $4,677 6.75%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $95,000 $95,000 $2,768 6.38%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.99%
    MOBILE, AL (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.50%
    TOLEDO, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.50%
    Highlands Residential Mortgage Ltd.'s top markets include Dallas, Miami, Houston, Nashville, and Charlotte among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)

    • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,556 $1,400,030,000 $307,294 $8,261 6.39%
    FHA 1,595 $455,435,000 $285,539 $12,866 6.77%
    VA 450 $168,970,000 $375,489 $10,342 6.49%
    USDA 71 $12,715,000 $179,085 $6,960 6.82%

    For 2023, Highlands Residential Mortgage Ltd.'s most frequently originated type of loan was Conventional, with 4,556 originations. Their 2nd most popular type was FHA, with 1,595 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 6,244 $1,908,660,000 $305,679 $9,748 6.46%
    Cash Out Refi 306 $80,350,000 $262,582 $9,104 6.98%
    Refi 121 $47,955,000 $396,322 $8,315 7.01%
    NA 1 $185,000 $185,000 $8,294 6.13%

    For 2023, Highlands Residential Mortgage Ltd.'s most frequently cited loan purpose was Home Purchase, with 6,244 originations. The 2nd most popular reason was Cash Out Refi, with 306 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 6,329 $2,006,465,000 $317,027 $9,729 6.66%
    15 Year 240 $20,760,000 $86,500 $7,385 2.30%
    10 Year 57 $765,000 $13,421 $3,058 6.15%
    20 Year 22 $6,290,000 $285,909 $7,855 6.68%
    Other 18 $2,630,000 $146,111 $13,557 3.69%
    5 Year 6 $240,000 $40,000 $2,721 1.25%

    For 2023, Highlands Residential Mortgage Ltd.'s most frequently cited loan duration was 30 Year, with 6,329 originations. The 2nd most popular length was 15 Year, with 240 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 2,224 $918,010,000 $412,774
    $1k-2k 1,117 $369,115,000 $330,452
    $3k-4k 805 $203,285,000 $252,528
    $4k-5k 761 $227,545,000 $299,008
    $2k-3k 655 $154,385,000 $235,702
    $<1k 609 $58,895,000 $96,708

    Highlands Residential Mortgage Ltd.'s average total fees were $9,729, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 2,224 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 3,333 $1,059,175,000 $317,784
    7-8% 2,121 $679,995,000 $320,601
    5-6% 674 $221,250,000 $328,264
    <2.5% 347 $4,825,000 $13,905
    Over 8% 175 $62,865,000 $359,229
    4-5% 22 $9,040,000 $410,909

    During 2023, Highlands Residential Mortgage Ltd.'s average interest rate for loans was 6.66%, while their most frequently originated rate bucket for loans was 6-7%, with 3,333 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,120 $911,490,000 $292,144 $9,557 6.84%
    $100k-200k 1,230 $193,080,000 $156,976 $6,319 6.84%
    $400k-600k 1,187 $569,765,000 $480,004 $12,697 6.78%
    $100,000 or less 682 $24,900,000 $36,510 $4,460 3.42%
    $600k-1MM 422 $296,330,000 $702,204 $12,334 6.93%
    $1MM+ 31 $41,585,000 $1,341,452 $16,362 7.23%

    2023 saw Highlands Residential Mortgage Ltd. place emphasis on $200k-400k loans with 3,120 originations, totaling $911,490,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,734 $560,130,000 $323,028 $10,765 6.53%
    $50k-75k 1,326 $251,750,000 $189,857 $8,048 6.03%
    $75k-100k 1,295 $324,135,000 $250,297 $9,396 6.32%
    $150k-250k 1,240 $518,290,000 $417,976 $10,932 6.93%
    $250k+ 601 $318,875,000 $530,574 $11,394 7.14%
    $50k or less 474 $62,690,000 $132,257 $5,824 6.12%

    Highlands Residential Mortgage Ltd. lent most frequently to those with incomes in the $100k-150k range, with 1,734 originations. The second most popular income band? $50k-75k, with 1,326 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 1,062 $304,310,000 $286,544 $8,500 6.45%
    20-30% 725 $214,015,000 $295,193 $8,208 6.57%
    50-60% 663 $216,285,000 $326,222 $13,308 6.59%
    49% 449 $147,275,000 $328,007 $9,966 6.74%
    44% 331 $104,295,000 $315,091 $9,796 6.59%
    48% 313 $104,115,000 $332,636 $10,179 6.72%
    43% 302 $89,530,000 $296,457 $9,736 6.33%
    42% 288 $82,110,000 $285,104 $9,209 6.28%
    47% 272 $81,980,000 $301,397 $10,127 6.40%
    <20% 267 $78,085,000 $292,453 $6,932 6.55%
    38% 267 $82,205,000 $307,884 $9,547 6.33%
    45% 265 $80,145,000 $302,434 $10,167 6.55%
    40% 264 $84,120,000 $318,636 $8,964 6.38%
    46% 263 $83,205,000 $316,369 $10,466 6.41%
    41% 258 $75,580,000 $292,946 $9,534 6.25%
    39% 257 $79,385,000 $308,891 $9,553 6.40%
    37% 215 $66,095,000 $307,419 $9,664 6.44%
    36% 182 $54,590,000 $299,945 $8,888 6.50%
    >60% 20 $5,900,000 $295,000 $9,813 4.69%

    Highlands Residential Mortgage Ltd. lent most frequently to those with DTI ratios of 30-36%, with 1,062 originations. The next most common DTI ratio? 20-30%, with 725 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,909 $1,490,175,000 $303,560 $9,428 6.54%
    Not provided 755 $233,015,000 $308,629 $10,080 6.57%
    Black 611 $167,695,000 $274,460 $11,172 5.84%
    Asian 332 $129,010,000 $388,584 $10,625 6.70%
    American Indian 61 $16,345,000 $267,951 $9,336 6.52%
    Native Hawaiian or Islander 4 $910,000 $227,500 $9,953 6.38%

    Approval Rates

    Total approvals of all applications
    97.31%

    Highlands Residential Mortgage Ltd. 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
    68.99%

    Highlands Residential Mortgage Ltd. 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 6,672 $2,037,150,000 $305,328

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    6,672 $2,037,150,000 $305,328

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 200 $39,240,000 $196,200 $5,546 6.60%
    40-60% 428 $122,270,000 $285,678 $6,951 6.78%
    60-80% 1,596 $541,270,000 $339,142 $8,933 6.98%
    80-100% 3,882 $1,285,040,000 $331,025 $10,234 6.81%
    Over 100% 106 $40,710,000 $384,057 $17,155 6.54%
    Under 20% 460 $8,620,000 $18,739 $4,317 1.76%