Highlands Residential Mortgage Ltd. Rates, Fees & Info

AUSTIN, TX

LEI: 549300KHXD7JSQUZIJ22

Tax ID: 75-2269700

2020 Data | 2019 Data | 2018 Data


Overview

Highlands Residential Mortgage Ltd. is a mid-sized mortgage company specializing in Home Purchase and Refi 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 include Dallas, Nashville, Seattle, Washington, and Fort Worth among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Highlands Residential Mortgage Ltd. is typically an average fee lendor.


Originations

18,213

Origination Dollar Volume (All Markets)

$4,803,395,000

Relative Rate

Highlands Residential Mortgage Ltd.'s average 30 year fixed rate mortgage was 3.21%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.15%.

Relative Fees

Highlands Residential Mortgage Ltd.'s average total fees for a 30 year fixed rate mortgage are $4,870.

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 $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 14,934 $3,990,020,000 $267,177 $4,063 3.12%
FHA 1,897 $428,205,000 $225,727 $8,346 3.34%
VA 947 $309,515,000 $326,837 $7,119 3.04%
USDA 435 $75,655,000 $173,920 $5,043 3.14%

For the 2020 period, Highlands Residential Mortgage Ltd.'s most frequently originated loan type was Conventional, with 14,934 originations. Their 2nd most popular type is FHA, with 1,897 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 9,451 $2,384,465,000 $252,298 $5,423 3.21%
Refi 6,303 $1,781,935,000 $282,712 $3,757 2.99%
Cash Out Refi 2,458 $636,780,000 $259,064 $4,321 3.26%
Other 1 $215,000 $215,000 $2,590 3.13%

For the 2020, Highlands Residential Mortgage Ltd.'s most frequently cited loan purpose was Home Purchase, with 9,451 originations. The 2nd most popular reason was Refi, with 6,303 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 15,958 $4,274,960,000 $267,888 $4,870 3.20%
15 Year 1,607 $373,015,000 $232,119 $3,537 2.69%
20 Year 355 $99,245,000 $279,563 $3,837 3.03%
Other 205 $43,605,000 $212,707 $2,966 2.52%
10 Year 83 $12,505,000 $150,663 $2,582 2.33%
5 Year 5 $65,000 $13,000 $40 0.00%

For the 2020, Highlands Residential Mortgage Ltd.'s most frequently cited loan length was 30 Year, with 15,958 originations. The 2nd most popular length was 15 Year, with 1,607 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 12,851 $3,211,045,000 $249,867
$2k-3k 1,812 $483,200,000 $266,667
$3k-4k 1,397 $432,235,000 $309,402
$<1k 1,337 $369,695,000 $276,511
$5k+ 593 $264,465,000 $445,978

$4,870 was Highlands Residential Mortgage Ltd.'s average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 12,851 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
DALLAS-PLANO-IRVING, TX 2,892 $858,140,000 $296,729 $5,796 3.11%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 1,079 $319,355,000 $295,973 $4,160 3.10%
Outside of Metro Areas 1,319 $306,805,000 $232,604 $4,310 3.15%
SEATTLE-BELLEVUE-KENT, WA 609 $265,085,000 $435,279 $6,663 2.98%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 594 $251,020,000 $422,593 $5,428 2.93%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 890 $217,790,000 $244,708 $5,885 3.27%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 665 $184,125,000 $276,880 $3,861 3.17%
WARREN-TROY-FARMINGTON HILLS, MI 743 $179,735,000 $241,904 $3,862 3.12%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 817 $173,195,000 $211,989 $3,697 3.12%
DENVER-AURORA-LAKEWOOD, CO 475 $169,825,000 $357,526 $3,413 2.80%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 623 $157,485,000 $252,785 $5,752 3.17%
INDIANAPOLIS-CARMEL-ANDERSON, IN 601 $149,225,000 $248,295 $3,158 3.03%
GREENSBORO-HIGH POINT, NC 515 $118,655,000 $230,398 $3,526 3.06%
CHATTANOOGA, TN-GA 530 $108,580,000 $204,868 $3,988 3.12%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 280 $84,820,000 $302,929 $5,424 3.03%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 460 $83,770,000 $182,109 $3,997 3.26%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 288 $82,730,000 $287,257 $4,812 3.30%
WILMINGTON, NC 300 $77,150,000 $257,167 $3,718 3.13%
RALEIGH-CARY, NC 223 $73,325,000 $328,812 $4,101 3.07%
MIAMI-MIAMI BEACH-KENDALL, FL 228 $68,010,000 $298,289 $6,543 3.34%
ASHEVILLE, NC 311 $66,565,000 $214,035 $4,470 3.24%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 261 $59,645,000 $228,525 $3,889 3.16%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 205 $59,645,000 $290,951 $6,803 3.21%
SAN ANTONIO-NEW BRAUNFELS, TX 188 $46,970,000 $249,840 $6,068 2.97%
HICKORY-LENOIR-MORGANTON, NC 219 $42,905,000 $195,913 $4,271 3.02%
BOULDER, CO 85 $38,435,000 $452,176 $3,411 2.71%
WINSTON-SALEM, NC 160 $32,060,000 $200,375 $3,487 3.18%
TACOMA-LAKEWOOD, WA 71 $26,035,000 $366,690 $6,488 3.10%
CAPE CORAL-FORT MYERS, FL 118 $23,910,000 $202,627 $6,497 3.30%
CLARKSVILLE, TN-KY 105 $21,895,000 $208,524 $3,769 3.17%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 94 $19,920,000 $211,915 $4,889 3.34%
MEMPHIS, TN-MS-AR 172 $16,920,000 $98,372 $3,521 3.72%
TYLER, TX 77 $16,895,000 $219,416 $5,843 3.28%
DETROIT-DEARBORN-LIVONIA, MI 116 $16,870,000 $145,431 $3,731 3.49%
JACKSONVILLE, FL 113 $16,045,000 $141,991 $3,565 3.57%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 41 $14,945,000 $364,512 $4,295 3.16%
PORT ST. LUCIE, FL 60 $14,550,000 $242,500 $4,874 3.16%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 66 $14,310,000 $216,818 $4,098 3.23%
ANN ARBOR, MI 60 $13,650,000 $227,500 $3,923 3.10%
CHARLESTON-NORTH CHARLESTON, SC 57 $12,865,000 $225,702 $4,466 3.34%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 44 $12,450,000 $282,955 $5,450 2.84%
SHERMAN-DENISON, TX 47 $11,705,000 $249,043 $5,390 3.20%
FLINT, MI 46 $9,420,000 $204,783 $3,990 3.14%
LANSING-EAST LANSING, MI 56 $9,340,000 $166,786 $4,063 3.10%
ST. LOUIS, MO-IL 77 $8,895,000 $115,519 $3,180 3.16%
TEXARKANA, TX-AR 46 $8,820,000 $191,739 $4,339 3.36%
MOUNT VERNON-ANACORTES, WA 32 $8,420,000 $263,125 $6,441 2.79%
DURHAM-CHAPEL HILL, NC 29 $8,395,000 $289,483 $3,557 3.09%
KANSAS CITY, MO-KS 88 $8,180,000 $92,955 $3,080 3.93%
GREELEY, CO 25 $7,525,000 $301,000 $3,429 2.80%
JONESBORO, AR 43 $7,065,000 $164,302 $3,975 3.22%
BALTIMORE-COLUMBIA-TOWSON, MD 27 $6,595,000 $244,259 $4,021 3.27%
HOT SPRINGS, AR 27 $6,375,000 $236,111 $3,009 3.04%
LUBBOCK, TX 26 $5,940,000 $228,462 $5,909 3.09%
BIRMINGHAM-HOOVER, AL 65 $5,425,000 $83,462 $2,957 3.93%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 15 $5,405,000 $360,333 $7,216 2.88%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 13 $4,955,000 $381,154 $5,881 3.32%
Outside of Metro Areas 22 $4,910,000 $223,182 $7,134 3.14%
IDAHO FALLS, ID 22 $4,790,000 $217,727 $6,734 2.85%
BELLINGHAM, WA 16 $4,620,000 $288,750 $6,346 2.89%
ORLANDO-KISSIMMEE-SANFORD, FL 18 $4,610,000 $256,111 $4,800 2.91%
PALM BAY-MELBOURNE-TITUSVILLE, FL 21 $4,325,000 $205,952 $4,563 3.56%
SPOKANE-SPOKANE VALLEY, WA 16 $4,220,000 $263,750 $4,602 2.95%
KILLEEN-TEMPLE, TX 19 $4,105,000 $216,053 $5,705 3.32%
OLYMPIA-LACEY-TUMWATER, WA 14 $4,030,000 $287,857 $7,067 2.93%
NAPLES-MARCO ISLAND, FL 13 $3,725,000 $286,538 $5,767 2.93%
KNOXVILLE, TN 15 $3,695,000 $246,333 $3,837 3.20%
JACKSONVILLE, NC 18 $3,620,000 $201,111 $3,946 3.52%
COLORADO SPRINGS, CO 12 $3,430,000 $285,833 $3,829 2.85%
RICHMOND, VA 15 $3,335,000 $222,333 $2,998 3.09%
FORT COLLINS, CO 11 $3,065,000 $278,636 $2,478 2.97%
OKLAHOMA CITY, OK 22 $3,030,000 $137,727 $3,599 3.59%
CINCINNATI, OH-KY-IN 24 $2,950,000 $122,917 $3,241 3.88%
CLEVELAND-ELYRIA, OH 26 $2,760,000 $106,154 $3,481 3.81%
LONGVIEW, TX 15 $2,695,000 $179,667 $6,354 3.18%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 9 $2,655,000 $295,000 $4,756 3.35%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 14 $2,580,000 $184,286 $5,435 3.28%
ANAHEIM-SANTA ANA-IRVINE, CA 5 $2,545,000 $509,000 $4,962 3.03%
PINE BLUFF, AR 18 $2,540,000 $141,111 $4,548 3.28%
BURLINGTON, NC 11 $2,455,000 $223,182 $3,810 3.34%
LAKELAND-WINTER HAVEN, FL 13 $2,395,000 $184,231 $4,603 3.18%
HUNTSVILLE, AL 24 $2,390,000 $99,583 $3,125 3.88%
MONROE, MI 12 $2,380,000 $198,333 $3,888 3.22%
MIDLAND, TX 8 $2,100,000 $262,500 $5,280 3.19%
SPARTANBURG, SC 9 $2,015,000 $223,889 $3,950 3.19%
NORTH PORT-SARASOTA-BRADENTON, FL 8 $1,980,000 $247,500 $5,733 3.08%
JACKSON, MI 9 $1,925,000 $213,889 $4,041 2.92%
GREENVILLE-ANDERSON, SC 11 $1,915,000 $174,091 $3,700 3.28%
FAYETTEVILLE, NC 11 $1,905,000 $173,182 $4,941 3.75%
LOS ANGELES-LONG BEACH-GLENDALE, CA 3 $1,885,000 $628,333 $8,455 2.79%
CLEVELAND, TN 10 $1,830,000 $183,000 $3,949 3.13%
COLUMBIA, SC 7 $1,775,000 $253,571 $5,012 3.25%
OCALA, FL 12 $1,670,000 $139,167 $4,046 3.56%
KENNEWICK-RICHLAND, WA 3 $1,555,000 $518,333 $11,910 3.38%
MONTGOMERY, AL 19 $1,515,000 $79,737 $3,131 3.90%
LONGVIEW, WA 3 $1,505,000 $501,667 $5,294 2.88%
CORPUS CHRISTI, TX 6 $1,480,000 $246,667 $5,863 2.98%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 3 $1,395,000 $465,000 $5,230 2.83%
WINCHESTER, VA-WV 5 $1,365,000 $273,000 $3,073 2.83%
YAKIMA, WA 6 $1,360,000 $226,667 $4,054 2.90%
COLLEGE STATION-BRYAN, TX 7 $1,355,000 $193,571 $4,177 3.09%
SEBASTIAN-VERO BEACH, FL 5 $1,325,000 $265,000 $5,160 3.35%
ALBUQUERQUE, NM 5 $1,325,000 $265,000 $3,609 2.95%
LAFAYETTE-WEST LAFAYETTE, IN 6 $1,280,000 $213,333 $3,084 2.85%
PHOENIX-MESA-CHANDLER, AZ 4 $1,220,000 $305,000 $3,498 2.97%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 3 $1,175,000 $391,667 $3,362 3.04%
FORT SMITH, AR-OK 7 $1,165,000 $166,429 $2,923 3.02%
ROANOKE, VA 5 $1,145,000 $229,000 $3,051 2.78%
WACO, TX 4 $1,100,000 $275,000 $6,115 3.47%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 3 $1,035,000 $345,000 $3,522 2.96%
PUNTA GORDA, FL 4 $960,000 $240,000 $5,730 4.22%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 2 $960,000 $480,000 $3,565 2.75%
CHICAGO-NAPERVILLE-EVANSTON, IL 6 $950,000 $158,333 $4,061 3.46%
FARMINGTON, NM 6 $920,000 $153,333 $4,542 2.96%
LYNCHBURG, VA 3 $905,000 $301,667 $3,890 3.42%
GRAND RAPIDS-KENTWOOD, MI 5 $895,000 $179,000 $2,549 3.03%
MUNCIE, IN 7 $885,000 $126,429 $2,806 3.32%
GRAND JUNCTION, CO 5 $875,000 $175,000 $3,404 2.58%
HILTON HEAD ISLAND-BLUFFTON, SC 3 $825,000 $275,000 $5,385 3.00%
JACKSON, TN 4 $790,000 $197,500 $5,426 3.34%
ABILENE, TX 4 $750,000 $187,500 $6,668 3.19%
PENSACOLA-FERRY PASS-BRENT, FL 2 $740,000 $370,000 $8,012 2.88%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 2 $730,000 $365,000 $3,711 3.19%
HARRISONBURG, VA 3 $695,000 $231,667 $3,056 2.88%
KALAMAZOO-PORTAGE, MI 4 $650,000 $162,500 $4,146 3.19%
WICHITA FALLS, TX 5 $635,000 $127,000 $5,531 3.30%
WICHITA, KS 4 $610,000 $152,500 $5,387 3.38%
NEW BERN, NC 3 $605,000 $201,667 $2,885 3.00%
AUGUSTA-RICHMOND COUNTY, GA-SC 2 $600,000 $300,000 $3,327 2.81%
DALTON, GA 3 $585,000 $195,000 $5,975 3.21%
DAYTON-KETTERING, OH 8 $580,000 $72,500 $3,033 4.14%
ELKHART-GOSHEN, IN 4 $580,000 $145,000 $4,826 3.25%
SAN ANGELO, TX 3 $555,000 $185,000 $3,706 3.29%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 7 $545,000 $77,857 $3,034 3.61%
SALEM, OR 2 $540,000 $270,000 $3,310 2.88%
SALINAS, CA 1 $515,000 $515,000 $3,203 4.25%
TULSA, OK 4 $480,000 $120,000 $3,872 3.75%
BEAUMONT-PORT ARTHUR, TX 3 $475,000 $158,333 $5,203 3.29%
DAPHNE-FAIRHOPE-FOLEY, AL 2 $470,000 $235,000 $3,288 3.06%
CHARLOTTESVILLE, VA 2 $470,000 $235,000 $2,937 3.13%
VALDOSTA, GA 2 $460,000 $230,000 $5,705 2.75%
JOPLIN, MO 2 $450,000 $225,000 $3,851 2.69%
MIDLAND, MI 3 $445,000 $148,333 $4,146 2.79%
WENATCHEE, WA 1 $445,000 $445,000 $2,692 3.38%
NAPA, CA 1 $435,000 $435,000 $3,716 3.00%
MEDFORD, OR 1 $435,000 $435,000 $3,486 2.88%
BOWLING GREEN, KY 2 $430,000 $215,000 $3,878 2.50%
EUGENE-SPRINGFIELD, OR 1 $425,000 $425,000 $7,044 3.00%
SEBRING-AVON PARK, FL 2 $410,000 $205,000 $4,218 2.94%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 1 $405,000 $405,000 $2,241 3.13%
DECATUR, AL 2 $390,000 $195,000 $3,057 3.88%
SANTA FE, NM 2 $390,000 $195,000 $3,530 2.81%
BAKERSFIELD, CA 1 $385,000 $385,000 $4,386 2.75%
SALISBURY, MD-DE 2 $380,000 $190,000 $3,042 3.75%
TUSCALOOSA, AL 4 $360,000 $90,000 $3,143 3.75%
PUEBLO, CO 1 $355,000 $355,000 $15,788 2.50%
HAGERSTOWN-MARTINSBURG, MD-WV 2 $350,000 $175,000 $3,158 3.38%
OWENSBORO, KY 2 $340,000 $170,000 $3,684 3.38%
LAS CRUCES, NM 1 $325,000 $325,000 $4,077 3.50%
ALBANY-LEBANON, OR 1 $305,000 $305,000 $16,000 2.75%
ROCKY MOUNT, NC 1 $305,000 $305,000 $3,401 2.75%
BLOOMINGTON, IN 2 $290,000 $145,000 $4,688 3.19%
ATHENS-CLARKE COUNTY, GA 1 $285,000 $285,000 $3,240 3.00%
TALLAHASSEE, FL 2 $280,000 $140,000 $4,043 3.44%
TWIN FALLS, ID 1 $275,000 $275,000 $7,060 2.63%
GARY, IN 2 $270,000 $135,000 $2,596 2.94%
STOCKTON, CA 1 $255,000 $255,000 $3,787 3.13%
OMAHA-COUNCIL BLUFFS, NE-IA 1 $255,000 $255,000 $7,482 2.63%
GAINESVILLE, FL 1 $245,000 $245,000 $8,256 2.63%
BEND, OR 1 $245,000 $245,000 $3,479 3.13%
BLOOMINGTON, IL 2 $240,000 $120,000 $2,991 3.88%
MONROE, LA 1 $235,000 $235,000 $3,547 2.88%
SAVANNAH, GA 1 $225,000 $225,000 $7,844 3.75%
SHREVEPORT-BOSSIER CITY, LA 2 $220,000 $110,000 $3,460 4.31%
TERRE HAUTE, IN 1 $215,000 $215,000 $8,301 3.25%
ELGIN, IL 1 $205,000 $205,000 $4,964 3.88%
THE VILLAGES, FL 1 $195,000 $195,000 $4,305 3.63%
FRESNO, CA 1 $195,000 $195,000 $3,025 4.63%
ENID, OK 1 $185,000 $185,000 $0 2.75%
COLUMBUS, GA-AL 2 $180,000 $90,000 $3,695 4.38%
GREENVILLE, NC 1 $175,000 $175,000 $2,813 3.25%
MUSKEGON, MI 1 $165,000 $165,000 $3,242 3.75%
BROWNSVILLE-HARLINGEN, TX 1 $165,000 $165,000 $8,499 2.88%
GOLDSBORO, NC 1 $165,000 $165,000 $6,728 3.75%
JOHNSON CITY, TN 1 $145,000 $145,000 $5,703 3.00%
PANAMA CITY, FL 1 $145,000 $145,000 $2,981 2.63%
COLUMBIA, MO 1 $145,000 $145,000 $2,160 2.63%
BATTLE CREEK, MI 1 $135,000 $135,000 $5,580 2.63%
MACON-BIBB COUNTY, GA 1 $115,000 $115,000 $3,383 4.13%
HARRISBURG-CARLISLE, PA 1 $105,000 $105,000 $4,008 3.13%
COLUMBUS, OH 1 $95,000 $95,000 $3,499 4.00%
AKRON, OH 1 $85,000 $85,000 $3,232 3.88%
AMARILLO, TX 1 $85,000 $85,000 $3,905 3.38%
MORRISTOWN, TN 1 $75,000 $75,000 $2,912 3.00%
KOKOMO, IN 1 $65,000 $65,000 $2,351 3.63%
JACKSON, MS 1 $55,000 $55,000 $2,934 4.00%
KINGSPORT-BRISTOL, TN-VA 1 $55,000 $55,000 $3,053 3.50%

Highlands Residential Mortgage Ltd.'s top markets include Dallas, Nashville, Seattle, Washington, and Fort Worth among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 7,970 $2,288,090,000 $287,088
3-4% 7,676 $1,913,500,000 $249,283
<2.5% 1,451 $395,105,000 $272,298
4-5% 1,049 $192,365,000 $183,379
5-6% 60 $12,410,000 $206,833
7-8% 3 $695,000 $231,667
Over 8% 1 $215,000 $215,000

During 2020, Highlands Residential Mortgage Ltd.'s average interest rate was 3.21%, while their most frequently originated rate bucket was 2.5-3%, with 7,970 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 8,798 $2,486,470,000 $282,618 $4,997 3.10%
$100k-200k 5,411 $835,205,000 $154,353 $3,903 3.25%
$400k-600k 2,449 $1,158,605,000 $473,093 $5,650 3.01%
$100,000 or less 1,246 $89,400,000 $71,750 $2,841 3.29%
$600k-1MM 284 $202,090,000 $711,585 $9,650 3.01%
$1MM+ 25 $31,625,000 $1,265,000 $10,288 3.18%

2020 saw Highlands Residential Mortgage Ltd. place emphasis on $200k-400k loans with 8,798 originations, totaling $2,486,470,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 4,362 $1,263,240,000 $289,601 $4,779 3.14%
$50k-75k 3,750 $778,210,000 $207,523 $4,722 3.16%
$150k-250k 3,307 $1,094,835,000 $331,066 $4,776 3.15%
$75k-100k 3,138 $785,740,000 $250,395 $4,745 3.15%
$50k or less 2,276 $362,660,000 $159,341 $4,224 3.10%
$250k+ 1,257 $481,365,000 $382,947 $4,976 3.16%

Highlands Residential Mortgage Ltd. lent most frequently to those with incomes in the $100k-150k range, with 4,362 originations. The second most popular income band? $50k-75k, with 3,750 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 4,251 $1,131,755,000 $266,233 $4,113 3.07%
30-36% 3,270 $854,740,000 $261,388 $4,549 3.11%
<20% 1,762 $459,900,000 $261,010 $3,777 3.01%
44% 756 $195,630,000 $258,770 $5,027 3.26%
43% 700 $176,690,000 $252,414 $4,793 3.23%
40% 673 $182,085,000 $270,557 $4,948 3.21%
41% 667 $182,025,000 $272,901 $4,935 3.26%
39% 661 $175,595,000 $265,651 $4,789 3.18%
38% 660 $170,740,000 $258,697 $4,796 3.21%
42% 655 $172,105,000 $262,756 $4,824 3.19%
50-60% 648 $174,810,000 $269,769 $8,521 3.23%
37% 617 $165,505,000 $268,241 $4,599 3.22%
36% 604 $153,780,000 $254,603 $4,745 3.19%
45% 474 $124,190,000 $262,004 $5,061 3.24%
49% 450 $114,040,000 $253,422 $5,274 3.15%
47% 406 $106,120,000 $261,379 $5,344 3.23%
46% 406 $105,600,000 $260,099 $5,345 3.24%
48% 401 $105,865,000 $264,002 $5,496 3.23%
>60% 34 $13,580,000 $399,412 $5,812 2.81%

Highlands Residential Mortgage Ltd. lent most frequently to those with DTI ratios of 20-30%, with 4,251 originations. The next most common DTI ratio? 30-36%, with 3,270 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 14,878 $3,935,410,000 $264,512 $4,606 3.13%
Not provided 1,564 $433,320,000 $277,059 $4,950 3.11%
Black 873 $210,305,000 $240,899 $5,797 3.19%
Asian 734 $180,180,000 $245,477 $4,539 3.31%
American Indian 89 $22,075,000 $248,034 $5,080 3.14%
Not applicable 28 $6,620,000 $236,429 $4,240 3.11%
Native Hawaiian 21 $5,915,000 $281,667 $7,130 3.10%
Asian Indian 11 $3,925,000 $356,818 $5,578 2.93%
Filipino 7 $2,415,000 $345,000 $9,286 2.93%
Korean 2 $1,670,000 $835,000 $16,760 2.94%
Chinese 2 $790,000 $395,000 $5,393 2.75%
Other Asian 2 $300,000 $150,000 $3,805 3.81%
Other Pacific Islander 1 $255,000 $255,000 $3,372 3.88%
Vietnamese 1 $215,000 $215,000 $3,373 3.75%

Approval Rates

Total approvals of all applications
97.03%

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
79.19%

Highlands Residential Mortgage Ltd. has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 18,213 $4,803,395,000 $263,734

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 170 $26,810,000 $157,706
Single Family (1-4 Units):Site-Built 18,043 $4,776,585,000 $264,733

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 513 $101,315,000 $197,495 $3,456 2.86%
40-60% 2,045 $525,415,000 $256,927 $3,516 2.91%
60-80% 7,070 $1,923,650,000 $272,086 $3,973 3.20%
80-100% 8,169 $2,158,555,000 $264,237 $5,525 3.21%
Over 100% 233 $78,385,000 $336,416 $12,875 3.12%
Under 20% 146 $4,490,000 $30,753 $545 1.03%