Highlands Residential Mortgage Ltd. Rates, Fees & Info

AUSTIN, TX

LEI: 549300KHXD7JSQUZIJ22

Tax ID: 75-2269700

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

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    • Mortgage Data

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  • Loan Sizes
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  • Loan Length
  • Loan to Value Info
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  • Approval & Pick Rates
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  • Origination Fees (Closing Costs)

    • Review & Overview

    Highlands Residential Mortgage Ltd. is a smaller 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: Charlotte, Miami, Detroit, Greensboro, and Houston among others. We have data for 144 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 low 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.

    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% 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






    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

    3,909

    Origination Dollar Volume (All Markets)

    $839,755,000
    Show all (8) awards

    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
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 317 $85,405,000 $269,416 $4,402 4.14%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 293 $75,885,000 $258,993 $5,884 4.52%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 289 $62,855,000 $217,491 $4,302 4.22%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 294 $59,460,000 $202,245 $4,064 4.09%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 214 $49,930,000 $233,318 $6,075 4.34%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 210 $49,260,000 $234,571 $3,847 4.22%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 179 $48,785,000 $272,542 $5,564 4.07%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 255 $45,755,000 $179,431 $4,469 4.05%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 166 $32,270,000 $194,398 $4,788 4.23%
    WILMINGTON, NC (FHA|USDA|VA) 130 $30,830,000 $237,154 $4,089 4.20%
    ASHEVILLE, NC (FHA|USDA|VA) 149 $30,535,000 $204,933 $4,367 4.41%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 130 $26,160,000 $201,231 $3,904 4.32%
    RALEIGH-CARY, NC (FHA|USDA|VA) 75 $24,265,000 $323,533 $4,578 4.08%
    Durango, CO (FHA|USDA|VA) 49 $16,035,000 $327,245 $3,821 4.14%
    Outside of Metro Areas 86 $15,500,000 $180,233 $4,208 4.24%
    WINSTON-SALEM, NC (FHA|USDA|VA) 89 $15,325,000 $172,191 $4,181 4.33%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 93 $15,015,000 $161,452 $4,195 3.94%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 77 $14,415,000 $187,208 $7,030 4.67%
    El Dorado, AR (FHA|USDA|VA) 52 $10,160,000 $195,385 $3,853 4.27%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 48 $8,410,000 $175,208 $4,460 3.96%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 15 $7,455,000 $497,000 $10,862 4.96%
    JONESBORO, AR (FHA|USDA|VA) 44 $6,490,000 $147,500 $3,960 4.19%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 19 $5,365,000 $282,368 $5,524 4.40%
    ANN ARBOR, MI (FHA|USDA|VA) 21 $4,815,000 $229,286 $3,817 4.03%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 16 $4,590,000 $286,875 $4,548 4.46%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 18 $4,540,000 $252,222 $5,544 4.60%
    Paragould, AR (FHA|USDA|VA) 32 $4,180,000 $130,625 $3,791 4.27%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 40 $4,040,000 $101,000 $3,721 4.35%
    TEXARKANA, TX-AR (FHA|USDA|VA) 23 $3,945,000 $171,522 $4,444 4.35%
    FLINT, MI (FHA|USDA|VA) 21 $3,935,000 $187,381 $4,798 4.12%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 46 $3,820,000 $83,043 $3,456 4.76%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 24 $3,490,000 $145,417 $4,977 4.53%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 14 $3,140,000 $224,286 $4,253 4.09%
    Brevard, NC (FHA|USDA|VA) 13 $2,685,000 $206,538 $4,126 4.36%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 13 $2,425,000 $186,538 $5,873 4.30%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 11 $2,335,000 $212,273 $5,029 4.32%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 14 $2,330,000 $166,429 $4,148 4.17%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 21 $2,165,000 $103,095 $3,232 4.77%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 19 $2,145,000 $112,895 $3,409 4.73%
    JACKSONVILLE, NC (FHA|USDA|VA) 14 $2,070,000 $147,857 $3,296 4.15%
    JACKSONVILLE, FL (FHA|USDA|VA) 12 $1,940,000 $161,667 $4,363 4.56%
    TUSCALOOSA, AL (FHA|USDA|VA) 8 $1,820,000 $227,500 $6,647 3.98%
    CLEVELAND, TN (FHA|USDA|VA) 10 $1,760,000 $176,000 $4,889 3.69%
    Cullowhee, NC (FHA|USDA|VA) 8 $1,650,000 $206,250 $3,052 4.47%
    BURLINGTON, NC (FHA|USDA|VA) 9 $1,645,000 $182,778 $3,634 4.25%
    Searcy, AR (FHA|USDA|VA) 8 $1,440,000 $180,000 $4,966 4.50%
    PINE BLUFF, AR (FHA|USDA|VA) 8 $1,360,000 $170,000 $6,371 4.33%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $1,245,000 $249,000 $5,471 4.10%
    Boone, NC (FHA|USDA|VA) 4 $1,100,000 $275,000 $3,333 4.00%
    HOT SPRINGS, AR (FHA|USDA|VA) 7 $1,075,000 $153,571 $3,839 4.29%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $935,000 $935,000 $3,993 5.00%
    Forest City, NC (FHA|USDA|VA) 5 $835,000 $167,000 $5,149 4.48%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 3 $825,000 $275,000 $4,129 4.38%
    KNOXVILLE, TN (FHA|USDA|VA) 2 $780,000 $390,000 $3,643 4.06%
    GREENVILLE, NC (FHA|USDA|VA) 3 $775,000 $258,333 $5,222 4.13%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 8 $760,000 $95,000 $3,676 4.55%
    MONTGOMERY, AL (FHA|USDA|VA) 10 $740,000 $74,000 $3,355 4.98%
    HUNTSVILLE, AL (FHA|USDA|VA) 9 $735,000 $81,667 $3,304 4.96%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 5 $725,000 $145,000 $3,686 4.80%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $725,000 $145,000 $2,779 4.13%
    ROANOKE, VA (FHA|USDA|VA) 3 $715,000 $238,333 $3,527 4.17%
    Traverse City, MI (FHA|USDA|VA) 4 $700,000 $175,000 $3,300 4.59%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $700,000 $350,000 $9,462 4.50%
    Fort Payne, AL (FHA|USDA|VA) 5 $655,000 $131,000 $3,422 4.70%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $595,000 $198,333 $5,377 4.17%
    MONROE, MI (FHA|USDA|VA) 3 $585,000 $195,000 $5,367 3.83%
    Summerville, GA (FHA|USDA|VA) 5 $575,000 $115,000 $4,500 4.75%
    Clewiston, FL (FHA|USDA|VA) 3 $565,000 $188,333 $6,249 4.17%
    JACKSON, MI (FHA|USDA|VA) 3 $565,000 $188,333 $4,361 3.71%
    Morehead City, NC (FHA|USDA|VA) 2 $550,000 $275,000 $2,949 4.44%
    SPARTANBURG, SC (FHA|USDA|VA) 2 $550,000 $275,000 $3,970 4.63%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $520,000 $260,000 $5,388 4.19%
    Marion, NC (FHA|USDA|VA) 4 $510,000 $127,500 $5,709 4.56%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $510,000 $127,500 $2,797 5.00%
    Mount Airy, NC (FHA|USDA|VA) 3 $505,000 $168,333 $2,886 4.13%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 7 $495,000 $70,714 $3,135 4.91%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 3 $495,000 $165,000 $4,089 4.75%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $495,000 $165,000 $2,802 4.38%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $485,000 $485,000 $4,520 4.88%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $450,000 $225,000 $4,328 4.00%
    Shelby, NC (FHA|USDA|VA) 2 $410,000 $205,000 $4,800 4.31%
    Adrian, MI (FHA|USDA|VA) 2 $400,000 $200,000 $6,259 3.94%
    Roanoke Rapids, NC (FHA|USDA|VA) 1 $395,000 $395,000 $3,617 3.75%
    FAYETTEVILLE, NC (FHA|USDA|VA) 2 $390,000 $195,000 $6,796 4.25%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $385,000 $385,000 $1,918 4.25%
    TYLER, TX (FHA|USDA|VA) 3 $385,000 $128,333 $4,603 4.28%
    Sevierville, TN (FHA|USDA|VA) 2 $380,000 $190,000 $3,338 5.19%
    FARMINGTON, NM (FHA|USDA|VA) 2 $370,000 $185,000 $4,597 3.94%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $360,000 $180,000 $2,657 4.44%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $335,000 $335,000 $3,513 4.13%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $335,000 $111,667 $3,471 4.67%
    Key West, FL (FHA|USDA|VA) 1 $325,000 $325,000 $8,503 6.38%
    Charleston-Mattoon, IL (FHA|USDA|VA) 1 $325,000 $325,000 $2,979 4.13%
    Athens, TN (FHA|USDA|VA) 2 $320,000 $160,000 $4,447 4.31%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $285,000 $285,000 $7,412 4.25%
    MIDLAND, TX (FHA|USDA|VA) 1 $265,000 $265,000 $5,280 5.38%
    COLUMBIA, SC (FHA|USDA|VA) 1 $255,000 $255,000 $0 3.63%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $235,000 $235,000 $7,355 3.88%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $235,000 $235,000 $4,214 4.38%
    FLORENCE, SC (FHA|USDA|VA) 2 $230,000 $115,000 $5,207 4.81%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $230,000 $115,000 $3,758 4.69%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $225,000 $225,000 $8,245 4.25%
    Blytheville, AR (FHA|USDA|VA) 2 $220,000 $110,000 $3,877 4.38%
    TULSA, OK (FHA|USDA|VA) 2 $220,000 $110,000 $3,972 5.06%
    Frankfort, IN (FHA|USDA|VA) 1 $215,000 $215,000 $6,565 4.25%
    Cookeville, TN (FHA|USDA|VA) 1 $215,000 $215,000 $3,266 4.63%
    COLUMBUS, OH (FHA|USDA|VA) 2 $200,000 $100,000 $5,462 4.81%
    Paris, TN (FHA|USDA|VA) 1 $195,000 $195,000 $0 4.00%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $195,000 $195,000 $2,490 3.75%
    North Wilkesboro, NC (FHA|USDA|VA) 1 $195,000 $195,000 $3,730 4.00%
    Martinsville, VA (FHA|USDA|VA) 2 $190,000 $95,000 $4,776 4.00%
    Seymour, IN (FHA|USDA|VA) 1 $185,000 $185,000 $4,788 3.63%
    Washington, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,912 4.38%
    RICHMOND, VA (FHA|USDA|VA) 1 $175,000 $175,000 $3,139 4.50%
    Malvern, AR (FHA|USDA|VA) 1 $175,000 $175,000 $4,220 3.88%
    Magnolia, AR (FHA|USDA|VA) 1 $175,000 $175,000 $3,086 4.25%
    Minden, LA (FHA|USDA|VA) 1 $175,000 $175,000 $4,494 3.88%
    MUNCIE, IN (FHA|USDA|VA) 1 $175,000 $175,000 $2,416 3.88%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,275 4.00%
    Bonham, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,368 4.38%
    Montrose, CO (FHA|USDA|VA) 1 $155,000 $155,000 $2,065 4.00%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $155,000 $155,000 $5,219 4.50%
    Albertville, AL (FHA|USDA|VA) 1 $155,000 $155,000 $4,948 5.00%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $155,000 $155,000 $7,252 3.75%
    Statesboro, GA (FHA|USDA|VA) 1 $155,000 $155,000 $5,109 4.88%
    WICHITA FALLS, TX (FHA|USDA|VA) 1 $155,000 $155,000 $4,837 4.25%
    Cadillac, MI (FHA|USDA|VA) 1 $145,000 $145,000 $3,761 3.88%
    MONROE, LA (FHA|USDA|VA) 1 $145,000 $145,000 $3,374 4.63%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $140,000 $70,000 $2,870 4.81%
    Scottsboro, AL (FHA|USDA|VA) 1 $135,000 $135,000 $3,148 3.88%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,826 4.75%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,309 4.75%
    Camden, AR (FHA|USDA|VA) 1 $115,000 $115,000 $2,262 4.63%
    Mountain Home, AR (FHA|USDA|VA) 1 $115,000 $115,000 $3,651 4.13%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $115,000 $115,000 $2,791 3.88%
    Cornelia, GA (FHA|USDA|VA) 1 $115,000 $115,000 $6,214 4.75%
    Danville, VA (FHA|USDA|VA) 1 $105,000 $105,000 $6,210 5.75%
    ODESSA, TX (FHA|USDA|VA) 1 $105,000 $105,000 $3,804 4.25%
    Okeechobee, FL (FHA|USDA|VA) 1 $105,000 $105,000 $5,022 4.50%
    DALTON, GA (FHA|USDA|VA) 1 $95,000 $95,000 $4,064 4.75%
    BATTLE CREEK, MI (FHA|USDA|VA) 1 $85,000 $85,000 $3,745 4.25%
    Brenham, TX (FHA|USDA|VA) 1 $85,000 $85,000 $3,794 4.88%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $85,000 $85,000 $2,994 4.75%
    Greensburg, IN (FHA|USDA|VA) 1 $65,000 $65,000 $2,427 4.25%
    Highlands Residential Mortgage Ltd.'s top markets include Charlotte, Miami, Detroit, Greensboro, and Houston among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against HIGHLANDS RESIDENTIAL MORTGAGE LTD. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    EXCITE Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,827 $633,825,000 $224,204 $3,984 4.23%
    FHA 661 $121,735,000 $184,168 $6,984 4.39%
    VA 244 $55,360,000 $226,885 $4,801 4.28%
    USDA 177 $28,835,000 $162,910 $4,970 4.13%

    For 2019, Highlands Residential Mortgage Ltd.'s most frequently originated type of loan was Conventional, with 2,827 originations. Their 2nd most popular type was FHA, with 661 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,135 $656,605,000 $209,443 $4,717 4.35%
    Refi 392 $106,880,000 $272,653 $4,048 3.91%
    Cash Out Refi 324 $75,490,000 $232,994 $4,305 4.44%
    Home Improvement 58 $780,000 $13,448 $2,121 0.70%

    For 2019, Highlands Residential Mortgage Ltd.'s most frequently cited loan purpose was Home Purchase, with 3,135 originations. The 2nd most popular reason was Refi, with 392 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,661 $796,895,000 $217,671 $4,665 4.33%
    15 Year 183 $31,505,000 $172,158 $3,718 3.06%
    20 Year 38 $8,330,000 $219,211 $3,361 4.02%
    10 Year 17 $975,000 $57,353 $2,438 2.62%
    Other 6 $1,510,000 $251,667 $4,901 4.15%
    30+ year 2 $530,000 $265,000 $7,899 5.56%
    5 Year 2 $10,000 $5,000 $125 0.00%

    For 2019, Highlands Residential Mortgage Ltd.'s most frequently cited loan duration was 30 Year, with 3,661 originations. The 2nd most popular length was 15 Year, with 183 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,799 $603,775,000 $215,711
    $2k-3k 461 $96,725,000 $209,816
    $<1k 184 $37,850,000 $205,707
    $3k-4k 167 $37,365,000 $223,743
    $4k-5k 80 $25,220,000 $315,250
    $5k+ 51 $21,425,000 $420,098

    Highlands Residential Mortgage Ltd.'s average total fees were $4,665, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,799 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 2,039 $412,565,000 $202,337
    3-4% 1,482 $367,160,000 $247,746
    5-6% 311 $52,415,000 $168,537
    <2.5% 55 $335,000 $6,091
    6-7% 9 $3,275,000 $363,889
    7-8% 9 $2,975,000 $330,556
    2.5-3% 3 $695,000 $231,667
    Over 8% 1 $335,000 $335,000

    During 2019, Highlands Residential Mortgage Ltd.'s average interest rate for loans was 4.33%, while their most frequently originated rate bucket for loans was 4-5%, with 2,039 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,576 $238,230,000 $151,161 $4,264 4.37%
    $200k-400k 1,538 $419,370,000 $272,672 $5,153 4.20%
    $100,000 or less 494 $33,730,000 $68,279 $3,396 4.13%
    $400k-600k 272 $123,280,000 $453,235 $4,838 4.12%
    $600k-1MM 22 $16,870,000 $766,818 $8,315 4.65%
    $1MM+ 7 $8,275,000 $1,182,143 $10,216 5.24%

    2019 saw Highlands Residential Mortgage Ltd. place emphasis on $100k-200k loans with 1,576 originations, totaling $238,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 994 $179,880,000 $180,966 $4,832 4.22%
    $50k or less 739 $97,695,000 $132,199 $4,330 4.21%
    $100k-150k 736 $183,410,000 $249,198 $4,646 4.29%
    $75k-100k 717 $159,875,000 $222,978 $4,637 4.28%
    $150k-250k 531 $154,905,000 $291,723 $4,485 4.28%
    $250k+ 178 $59,490,000 $334,213 $4,574 4.43%

    Highlands Residential Mortgage Ltd. lent most frequently to those with incomes in the $50k-75k range, with 994 originations. The second most popular income band? $50k or less, with 739 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 819 $177,205,000 $216,368 $4,159 4.17%
    30-36% 747 $157,825,000 $211,278 $4,446 4.16%
    <20% 223 $42,625,000 $191,143 $3,731 4.14%
    50-60% 212 $45,680,000 $215,472 $6,781 4.29%
    44% 174 $37,290,000 $214,310 $4,782 4.42%
    42% 162 $34,390,000 $212,284 $4,540 4.36%
    43% 157 $32,765,000 $208,694 $4,467 4.39%
    41% 152 $31,970,000 $210,329 $4,674 4.27%
    39% 150 $33,370,000 $222,467 $4,565 4.36%
    36% 138 $27,810,000 $201,522 $4,414 4.26%
    45% 133 $28,335,000 $213,045 $4,866 4.41%
    38% 132 $30,140,000 $228,333 $4,818 4.34%
    49% 129 $29,595,000 $229,419 $5,054 4.42%
    40% 128 $28,740,000 $224,531 $4,706 4.32%
    37% 125 $28,105,000 $224,840 $4,619 4.19%
    48% 111 $24,915,000 $224,459 $5,080 4.32%
    46% 104 $24,990,000 $240,288 $5,121 4.35%
    47% 87 $17,225,000 $197,989 $4,732 4.30%
    >60% 18 $4,750,000 $263,889 $4,695 5.12%

    Highlands Residential Mortgage Ltd. lent most frequently to those with DTI ratios of 20-30%, with 819 originations. The next most common DTI ratio? 30-36%, with 747 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,270 $718,620,000 $219,761 $4,562 4.27%
    Not provided 274 $55,200,000 $201,460 $4,407 4.27%
    Black 221 $41,365,000 $187,172 $5,769 4.03%
    Asian 130 $21,890,000 $168,385 $4,340 4.38%
    American Indian 11 $2,055,000 $186,818 $4,403 4.27%
    Native Hawaiian or Islander 3 $625,000 $208,333 $3,613 4.58%

    Approval Rates

    Total approvals of all applications
    97.01%

    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
    87.31%

    Highlands Residential Mortgage Ltd. has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,909 $839,755,000 $214,826

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 61 $7,485,000 $122,705
    Single Family (1-4 Units):Site-Built 3,848 $832,270,000 $216,286

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 63 $8,295,000 $131,667 $3,316 4.12%
    40-60% 177 $36,675,000 $207,203 $3,647 4.07%
    60-80% 1,173 $263,315,000 $224,480 $3,911 4.37%
    80-100% 1,984 $444,750,000 $224,168 $4,629 4.27%
    Over 100% 25 $5,795,000 $231,800 $7,979 4.38%
    Under 20% 69 $875,000 $12,681 $2,684 0.91%