Highlands Residential Mortgage Ltd. Rates, Fees & Info
AUSTIN, TXLEI: 549300KHXD7JSQUZIJ22
Tax ID: 75-2269700
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Mortgage Data
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, Nashville, Fayetteville, Miami, and Washington among others. We have data for 148 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 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.80% | 4/22/24 |
| 30 Year Conventional Refi | 6.77% | 4/22/24 |
| 30 Year Cash-out Refi | 6.92% | 4/22/24 |
| 30 Year FHA Purchase | 7.58% | 4/22/24 |
| 30 Year FHA Refi | 7.19% | 4/22/24 |
| 30 Year VA Purchase | 6.38% | 4/22/24 |
| 30 Year VA Refi | 6.21% | 4/22/24 |
| 30 Year USDA Purchase | 6.95% | 4/22/24 |
| 30 Year USDA Refi | 6.27% | 4/22/24 |
| 15 Year Conventional Purchase | 5.25% | 4/22/24 |
| 15 Year Conventional Refi | 6.19% | 4/22/24 |
| 15 Year Cash-out Refi | 6.19% | 4/22/24 |
| 15 Year FHA Purchase | 7.81% | 4/22/24 |
| 15 Year FHA Refi | 5.68% | 4/22/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
5,518Origination Dollar Volume (All Markets)
$1,198,550,000Awards
HIGHLANDS RESIDENTIAL MORTGAGE LTD. - 2018
HIGHLANDS RESIDENTIAL MORTGAGE LTD. 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1,834 | $446,190,000 | $243,288 | $6,683 | 4.95% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 466 | $118,390,000 | $254,056 | $5,424 | 4.85% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 411 | $73,055,000 | $177,749 | $4,133 | 4.89% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 274 | $70,730,000 | $258,139 | $5,749 | 5.05% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 131 | $51,375,000 | $392,176 | $12,062 | 4.68% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 169 | $38,635,000 | $228,609 | $3,864 | 4.98% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 160 | $38,500,000 | $240,625 | $4,344 | 4.97% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 188 | $35,890,000 | $190,904 | $3,854 | 4.90% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 194 | $28,550,000 | $147,165 | $3,854 | 4.90% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 91 | $27,105,000 | $297,857 | $6,231 | 4.82% |
| ASHEVILLE, NC (FHA|USDA|VA) | 108 | $21,580,000 | $199,815 | $4,898 | 4.97% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 117 | $19,415,000 | $165,940 | $4,104 | 4.90% |
| WILMINGTON, NC (FHA|USDA|VA) | 92 | $18,500,000 | $201,087 | $4,153 | 4.95% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 92 | $16,840,000 | $183,043 | $6,307 | 5.08% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 95 | $16,365,000 | $172,263 | $3,725 | 5.00% |
| Outside of Metro Areas | 98 | $16,060,000 | $163,878 | $4,591 | 4.99% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 70 | $14,140,000 | $202,000 | $5,708 | 4.99% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 83 | $12,915,000 | $155,602 | $4,345 | 4.96% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 60 | $10,180,000 | $169,667 | $5,181 | 5.19% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 26 | $9,080,000 | $349,231 | $5,553 | 4.95% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 42 | $6,470,000 | $154,048 | $5,095 | 5.40% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 45 | $5,405,000 | $120,111 | $3,312 | 5.34% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 30 | $4,970,000 | $165,667 | $4,461 | 5.01% |
| BURLINGTON, NC (FHA|USDA|VA) | 26 | $4,540,000 | $174,615 | $3,882 | 4.85% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 49 | $3,945,000 | $80,510 | $3,950 | 5.68% |
| Athens, TX (FHA|USDA|VA) | 15 | $3,805,000 | $253,667 | $6,917 | 4.83% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 46 | $3,360,000 | $73,043 | $2,955 | 5.66% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 18 | $3,180,000 | $176,667 | $5,020 | 5.14% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 12 | $3,130,000 | $260,833 | $7,728 | 4.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 21 | $3,125,000 | $148,810 | $4,134 | 5.21% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 22 | $2,970,000 | $135,000 | $5,136 | 4.82% |
| JONESBORO, AR (FHA|USDA|VA) | 20 | $2,940,000 | $147,000 | $4,141 | 5.11% |
| Granbury, TX (FHA|USDA|VA) | 14 | $2,860,000 | $204,286 | $5,657 | 4.92% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 11 | $2,755,000 | $250,455 | $7,242 | 4.86% |
| El Dorado, AR (FHA|USDA|VA) | 16 | $2,710,000 | $169,375 | $3,395 | 5.04% |
| Brevard, NC (FHA|USDA|VA) | 12 | $2,620,000 | $218,333 | $6,587 | 4.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 10 | $2,390,000 | $239,000 | $5,611 | 5.26% |
| LONGVIEW, TX (FHA|USDA|VA) | 12 | $2,230,000 | $185,833 | $6,000 | 5.03% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 13 | $2,095,000 | $161,154 | $4,035 | 5.13% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 10 | $1,890,000 | $189,000 | $3,031 | 5.29% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 6 | $1,760,000 | $293,333 | $3,793 | 4.85% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 20 | $1,690,000 | $84,500 | $3,039 | 5.66% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 8 | $1,650,000 | $206,250 | $3,992 | 4.95% |
| Paragould, AR (FHA|USDA|VA) | 12 | $1,540,000 | $128,333 | $3,617 | 5.06% |
| MONTGOMERY, AL (FHA|USDA|VA) | 19 | $1,365,000 | $71,842 | $3,689 | 5.43% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 14 | $1,110,000 | $79,286 | $3,433 | 5.51% |
| Forest City, NC (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $4,629 | 4.80% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 12 | $1,070,000 | $89,167 | $3,248 | 5.43% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 12 | $990,000 | $82,500 | $3,064 | 5.59% |
| Bonham, TX (FHA|USDA|VA) | 5 | $975,000 | $195,000 | $5,981 | 5.03% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $4,703 | 5.33% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $7,090 | 4.42% |
| Mineral Wells, TX (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $6,978 | 5.29% |
| Mount Airy, NC (FHA|USDA|VA) | 5 | $815,000 | $163,000 | $3,906 | 4.73% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $4,468 | 5.56% |
| Nacogdoches, TX (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $6,060 | 4.66% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 5 | $795,000 | $159,000 | $6,107 | 5.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $8,117 | 4.83% |
| Lufkin, TX (FHA|USDA|VA) | 5 | $755,000 | $151,000 | $5,827 | 4.76% |
| ODESSA, TX (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $9,535 | 5.33% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 8 | $720,000 | $90,000 | $3,066 | 5.56% |
| NEW BERN, NC (FHA|USDA|VA) | 5 | $695,000 | $139,000 | $2,781 | 4.78% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $3,104 | 5.34% |
| EL PASO, TX (FHA|USDA|VA) | 5 | $675,000 | $135,000 | $6,946 | 5.80% |
| Clewiston, FL (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $5,442 | 4.81% |
| Boone, NC (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $4,554 | 5.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $9,665 | 4.75% |
| LUBBOCK, TX (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $10,035 | 5.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $4,513 | 5.06% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $23,009 | 5.00% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $7,496 | 4.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $6,609 | 4.42% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $3,757 | 4.83% |
| Stephenville, TX (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $5,046 | 4.58% |
| WACO, TX (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $6,569 | 5.58% |
| Crawfordsville, IN (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $4,182 | 4.75% |
| Arkadelphia, AR (FHA|USDA|VA) | 5 | $485,000 | $97,000 | $3,530 | 5.23% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $13,022 | 4.38% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,263 | 4.88% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $10,719 | 4.63% |
| JOPLIN, MO (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $4,690 | 4.83% |
| ROANOKE, VA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,225 | 4.88% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $2,871 | 5.13% |
| Mount Pleasant, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,038 | 5.06% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,413 | 5.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $6,721 | 5.46% |
| Marion, NC (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $5,974 | 4.92% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,121 | 4.81% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,305 | 4.81% |
| Batesville, AR (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $3,557 | 4.54% |
| Lewisburg, TN (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,331 | 5.13% |
| Frankfort, IN (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $2,440 | 5.25% |
| New Castle, IN (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $6,352 | 5.19% |
| Corsicana, TX (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $5,299 | 5.33% |
| CLEVELAND, TN (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,786 | 4.69% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,094 | 5.50% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,785 | 4.88% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,419 | 4.88% |
| TYLER, TX (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,534 | 4.36% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,612 | 4.88% |
| MONROE, LA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,633 | 5.19% |
| PINE BLUFF, AR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,494 | 4.75% |
| Cookeville, TN (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,891 | 5.44% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,994 | 5.00% |
| Magnolia, AR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,840 | 5.13% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,738 | 5.38% |
| Scottsboro, AL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $5,294 | 4.75% |
| Albemarle, NC (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $4,808 | 5.13% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,497 | 5.13% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,559 | 4.88% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $4,211 | 5.13% |
| Camden, AR (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $4,011 | 4.81% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,252 | 5.13% |
| OCALA, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,669 | 4.38% |
| Ruston, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,509 | 5.13% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,868 | 4.63% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,854 | 5.63% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,163 | 4.63% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,396 | 4.88% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,697 | 4.88% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,067 | 4.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,258 | 4.63% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,160 | 4.38% |
| MUNCIE, IN (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $3,446 | 5.25% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,527 | 4.75% |
| ROME, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,598 | 5.13% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $3,337 | 5.31% |
| Sulphur Springs, TX (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $4,937 | 5.25% |
| Fort Payne, AL (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $4,362 | 5.19% |
| Shelby, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,797 | 5.00% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,670 | 4.88% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 5.88% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,712 | 4.88% |
| Summerville, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,490 | 5.13% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,339 | 5.13% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,031 | 5.38% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,769 | 6.13% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.13% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,375 | 4.75% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,825 | 5.38% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,656 | 5.75% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,974 | 5.63% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,077 | 5.25% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,274 | 4.75% |
| Blytheville, AR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,009 | 5.50% |
| Macomb, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,151 | 5.00% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,329 | 5.13% |
| Glasgow, KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,693 | 5.88% |
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Product Mix
For 2018, Highlands Residential Mortgage Ltd.'s most frequently originated type of loan was Conventional, with 3,698 originations. Their 2nd most popular type was FHA, with 1,261 originations.
Loan Reason
For 2018, Highlands Residential Mortgage Ltd.'s most frequently cited loan purpose was Home Purchase, with 4,921 originations. The 2nd most popular reason was Cash Out Refi, with 410 originations.
Loan Duration/Length
For 2018, Highlands Residential Mortgage Ltd.'s most frequently cited loan duration was 30 Year, with 5,204 originations. The 2nd most popular length was 15 Year, with 202 originations.
Origination Fees/Closing Costs
Highlands Residential Mortgage Ltd.'s average total fees were $5,618, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,720 originations.
Interest Rates
During 2018, Highlands Residential Mortgage Ltd.'s average interest rate for loans was 5.00%, while their most frequently originated rate bucket for loans was 4-5%, with 3,340 originations.
Loan Sizing
2018 saw Highlands Residential Mortgage Ltd. place emphasis on $200k-400k loans with 2,247 originations, totaling $618,615,000 in origination value.
Applicant Income
Highlands Residential Mortgage Ltd. lent most frequently to those with incomes in the $50k-75k range, with 1,430 originations. The second most popular income band? $100k-150k, with 1,141 originations.
Applicant Debt to Income Ratio
Highlands Residential Mortgage Ltd. lent most frequently to those with DTI ratios of 30-36%, with 943 originations. The next most common DTI ratio? 20-30%, with 861 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.98%
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 origination75.84%
Highlands Residential Mortgage Ltd. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,518 | $1,198,550,000 | $217,207 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 29 | $3,565,000 | $122,931 |
| Single Family (1-4 Units):Site-Built | 5,489 | $1,194,985,000 | $217,705 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| HIGHLANDS RESIDENTIAL MORTGAGE | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |