First Technology Mortgage Rates, Fees & Info

San Jose, CA

LEI: 549300Q02LGIN9AXKP98

Tax ID: 23-7062675

3.9 stars - out of 5 stars, based on 101 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    First Technology is a mid-sized mortgage company specializing in Home Purchase and Refi loans. First Technology has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Portland, San Jose, San Francisco, and San Diego among others. We have data for 185 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Technology 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. First Technology 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 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
    Home Equity Line of Credit (HELOC) 7.88% 1/29/23
    30 Year Conventional Purchase 6.36% 1/29/23
    30 Year Conventional Refi 6.43% 1/29/23
    30 Year Cash-out Refi 6.51% 1/29/23
    15 Year Conventional Purchase 6.04% 1/29/23
    15 Year Conventional Refi 5.93% 1/29/23
    15 Year Cash-out Refi 5.93% 1/29/23
    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.


    Originations

    10,221

    Origination Dollar Volume (All Markets)

    $4,282,045,000
    Show all (15) awards

    Relative Rate

    First Technology's average 30 year fixed mortgage rate was 2.92%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.23%.

    Relative Fees (Closing Costs)

    First Technology's average total fees/closing costs for a 30 year fixed rate mortgage were $6,569.

    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 $4,750.

    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
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2,601 $1,482,775,000 $570,079 $6,794 3.22%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 3,471 $1,103,485,000 $317,916 $5,118 3.30%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 478 $360,300,000 $753,766 $8,622 3.32%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 393 $298,385,000 $759,249 $9,794 3.39%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 191 $77,795,000 $407,304 $5,787 3.43%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 247 $75,745,000 $306,660 $4,211 3.33%
    SALEM, OR (FHA|USDA|VA) 339 $69,075,000 $203,761 $3,897 3.30%
    BOISE CITY, ID (FHA|USDA|VA) 215 $57,125,000 $265,698 $4,586 3.31%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 98 $46,810,000 $477,653 $4,424 2.80%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 107 $45,595,000 $426,121 $8,532 3.58%
    FORT COLLINS, CO (FHA|USDA|VA) 183 $42,515,000 $232,322 $3,391 3.32%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 68 $39,370,000 $578,971 $5,988 3.01%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 102 $38,150,000 $374,020 $5,221 3.28%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 116 $32,140,000 $277,069 $4,861 3.40%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 99 $30,085,000 $303,889 $3,905 3.40%
    BEND, OR (FHA|USDA|VA) 91 $25,625,000 $281,593 $5,187 3.55%
    Outside of Metro Areas 69 $22,865,000 $331,377 $4,975 3.16%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 109 $21,975,000 $201,606 $3,881 3.37%
    CORVALLIS, OR (FHA|USDA|VA) 97 $20,985,000 $216,340 $3,623 3.24%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 70 $20,830,000 $297,571 $4,416 3.35%
    SAN ANGELO, TX (FHA|USDA|VA) 1 $19,005,000 $19,005,000 $0 3.75%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 26 $17,650,000 $678,846 $5,862 3.25%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 25 $15,685,000 $627,400 $4,684 3.22%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 72 $14,400,000 $200,000 $3,450 3.33%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 44 $13,980,000 $317,727 $5,605 3.41%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 31 $13,095,000 $422,419 $5,806 3.33%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 25 $12,625,000 $505,000 $8,042 3.42%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 33 $11,545,000 $349,848 $5,207 3.04%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 49 $11,265,000 $229,898 $3,415 3.39%
    STOCKTON, CA (FHA|USDA|VA) 28 $10,460,000 $373,571 $5,561 3.44%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 34 $10,270,000 $302,059 $4,648 3.04%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 28 $9,320,000 $332,857 $6,118 3.32%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 22 $8,440,000 $383,636 $6,051 3.20%
    Newport, OR (FHA|USDA|VA) 25 $7,465,000 $298,600 $5,066 3.10%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 20 $7,030,000 $351,500 $4,136 3.14%
    GREELEY, CO (FHA|USDA|VA) 38 $6,980,000 $183,684 $3,019 3.61%
    Ellensburg, WA (FHA|USDA|VA) 10 $6,930,000 $693,000 $10,957 3.58%
    WICHITA FALLS, TX (FHA|USDA|VA) 1 $6,335,000 $6,335,000 $0 3.75%
    BOULDER, CO (FHA|USDA|VA) 14 $5,880,000 $420,000 $6,518 3.13%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 12 $5,430,000 $452,500 $5,245 3.15%
    Hood River, OR (FHA|USDA|VA) 13 $4,585,000 $352,692 $4,470 3.05%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 12 $4,540,000 $378,333 $6,728 3.38%
    WENATCHEE, WA (FHA|USDA|VA) 7 $4,445,000 $635,000 $6,044 3.09%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 17 $4,385,000 $257,941 $5,297 3.50%
    Heber, UT (FHA|USDA|VA) 5 $4,365,000 $873,000 $10,908 3.43%
    RALEIGH-CARY, NC (FHA|USDA|VA) 13 $4,295,000 $330,385 $4,476 3.07%
    RENO, NV (FHA|USDA|VA) 11 $4,255,000 $386,818 $6,080 3.26%
    SALINAS, CA (FHA|USDA|VA) 7 $4,245,000 $606,429 $5,988 3.34%
    BELLINGHAM, WA (FHA|USDA|VA) 12 $4,140,000 $345,000 $4,493 3.20%
    MEDFORD, OR (FHA|USDA|VA) 16 $3,870,000 $241,875 $4,122 3.41%
    Astoria, OR (FHA|USDA|VA) 12 $3,630,000 $302,500 $4,168 3.15%
    JACKSONVILLE, FL (FHA|USDA|VA) 10 $3,600,000 $360,000 $4,837 3.40%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 10 $3,360,000 $336,000 $5,097 3.78%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 9 $3,085,000 $342,778 $4,195 2.72%
    TUCSON, AZ (FHA|USDA|VA) 14 $3,080,000 $220,000 $4,264 3.38%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 17 $3,015,000 $177,353 $3,283 3.51%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 6 $2,990,000 $498,333 $4,673 3.23%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 9 $2,735,000 $303,889 $5,609 3.06%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 8 $2,570,000 $321,250 $4,705 3.31%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 11 $2,425,000 $220,455 $6,147 4.09%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 4 $2,310,000 $577,500 $7,420 2.56%
    PROVO-OREM, UT (FHA|USDA|VA) 7 $2,295,000 $327,857 $5,343 3.66%
    Oak Harbor, WA (FHA|USDA|VA) 7 $2,125,000 $303,571 $4,759 3.43%
    ALBUQUERQUE, NM (FHA|USDA|VA) 8 $2,040,000 $255,000 $3,996 3.36%
    SALT LAKE CITY, UT (FHA|USDA|VA) 6 $2,030,000 $338,333 $4,937 3.63%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 6 $1,990,000 $331,667 $3,150 3.65%
    YUBA CITY, CA (FHA|USDA|VA) 10 $1,960,000 $196,000 $2,773 3.73%
    LONGVIEW, WA (FHA|USDA|VA) 10 $1,880,000 $188,000 $3,085 3.70%
    NAPA, CA (FHA|USDA|VA) 5 $1,875,000 $375,000 $6,810 3.25%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $1,820,000 $455,000 $3,490 3.53%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 6 $1,710,000 $285,000 $3,890 3.06%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 6 $1,680,000 $280,000 $4,413 2.52%
    VALLEJO, CA (FHA|USDA|VA) 4 $1,530,000 $382,500 $5,730 2.97%
    Klamath Falls, OR (FHA|USDA|VA) 6 $1,390,000 $231,667 $4,014 3.46%
    YAKIMA, WA (FHA|USDA|VA) 4 $1,390,000 $347,500 $5,818 3.09%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 4 $1,370,000 $342,500 $3,958 3.13%
    Cookeville, TN (FHA|USDA|VA) 1 $1,365,000 $1,365,000 $0 4.13%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 6 $1,330,000 $221,667 $3,687 3.46%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 6 $1,330,000 $221,667 $3,493 3.44%
    Aberdeen, WA (FHA|USDA|VA) 5 $1,295,000 $259,000 $3,640 2.90%
    Centralia, WA (FHA|USDA|VA) 5 $1,285,000 $257,000 $3,494 3.48%
    Shelton, WA (FHA|USDA|VA) 4 $1,260,000 $315,000 $4,781 3.34%
    Moses Lake, WA (FHA|USDA|VA) 3 $1,205,000 $401,667 $4,875 2.29%
    Roseburg, OR (FHA|USDA|VA) 5 $1,165,000 $233,000 $4,662 4.00%
    Outside of Metro Areas 5 $1,115,000 $223,000 $4,018 3.25%
    TWIN FALLS, ID (FHA|USDA|VA) 3 $1,085,000 $361,667 $8,548 3.92%
    Hudson, NY (FHA|USDA|VA) 2 $1,060,000 $530,000 $6,809 3.88%
    Pullman, WA (FHA|USDA|VA) 4 $1,050,000 $262,500 $1,963 2.97%
    CHICO, CA (FHA|USDA|VA) 4 $1,050,000 $262,500 $4,718 2.94%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $1,045,000 $348,333 $7,047 3.67%
    WALLA WALLA, WA (FHA|USDA|VA) 3 $1,035,000 $345,000 $3,862 3.08%
    ASHEVILLE, NC (FHA|USDA|VA) 3 $995,000 $331,667 $6,122 3.50%
    The Dalles, OR (FHA|USDA|VA) 3 $955,000 $318,333 $4,367 2.96%
    Clearlake, CA (FHA|USDA|VA) 3 $945,000 $315,000 $4,719 3.50%
    Moscow, ID (FHA|USDA|VA) 2 $920,000 $460,000 $4,116 2.88%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $840,000 $420,000 $6,661 3.06%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $815,000 $271,667 $3,592 3.08%
    Lebanon, NH-VT (FHA|USDA|VA) 2 $810,000 $405,000 $4,643 2.50%
    FRESNO, CA (FHA|USDA|VA) 4 $810,000 $202,500 $3,888 3.28%
    ROANOKE, VA (FHA|USDA|VA) 2 $800,000 $400,000 $7,257 3.19%
    REDDING, CA (FHA|USDA|VA) 4 $790,000 $197,500 $2,505 3.53%
    COLUMBIA, SC (FHA|USDA|VA) 4 $760,000 $190,000 $3,508 3.16%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $730,000 $182,500 $4,496 3.59%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $715,000 $715,000 $7,942 3.00%
    Port Angeles, WA (FHA|USDA|VA) 3 $705,000 $235,000 $4,004 3.13%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2 $670,000 $335,000 $4,463 2.50%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 2 $660,000 $330,000 $5,208 2.75%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $650,000 $162,500 $3,059 3.00%
    WINSTON-SALEM, NC (FHA|USDA|VA) 4 $640,000 $160,000 $3,434 3.59%
    RICHMOND, VA (FHA|USDA|VA) 3 $635,000 $211,667 $3,500 2.63%
    Prineville, OR (FHA|USDA|VA) 5 $625,000 $125,000 $3,218 3.63%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $595,000 $595,000 $8,021 3.25%
    MODESTO, CA (FHA|USDA|VA) 1 $585,000 $585,000 $11,211 3.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $575,000 $575,000 $7,068 2.88%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $575,000 $191,667 $3,861 3.58%
    WILMINGTON, NC (FHA|USDA|VA) 2 $570,000 $285,000 $3,464 2.75%
    Coos Bay, OR (FHA|USDA|VA) 3 $515,000 $171,667 $4,448 2.63%
    LOGAN, UT-ID (FHA|USDA|VA) 2 $500,000 $250,000 $6,615 2.88%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $495,000 $495,000 $13,139 3.50%
    PITTSBURGH, PA (FHA|USDA|VA) 3 $485,000 $161,667 $3,839 2.88%
    Rexburg, ID (FHA|USDA|VA) 1 $465,000 $465,000 $6,494 3.13%
    Seneca Falls, NY (FHA|USDA|VA) 1 $455,000 $455,000 $0 2.63%
    IDAHO FALLS, ID (FHA|USDA|VA) 1 $455,000 $455,000 $5,953 3.00%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $450,000 $225,000 $6,014 4.19%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $445,000 $148,333 $0 4.04%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 3 $445,000 $148,333 $3,384 3.67%
    Sandpoint, ID (FHA|USDA|VA) 2 $440,000 $220,000 $3,378 3.56%
    MADERA, CA (FHA|USDA|VA) 1 $435,000 $435,000 $4,866 3.25%
    Payson, AZ (FHA|USDA|VA) 2 $430,000 $215,000 $8,098 3.06%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $405,000 $405,000 $5,050 3.13%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $375,000 $125,000 $3,656 3.17%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $355,000 $355,000 $3,989 2.38%
    Brainerd, MN (FHA|USDA|VA) 1 $355,000 $355,000 $6,212 2.88%
    Steamboat Springs, CO (FHA|USDA|VA) 1 $345,000 $345,000 $3,154 2.88%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $345,000 $115,000 $0 4.25%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $325,000 $325,000 $4,327 3.00%
    Cedar City, UT (FHA|USDA|VA) 1 $325,000 $325,000 $2,915 3.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $315,000 $315,000 $4,521 2.38%
    Winnemucca, NV (FHA|USDA|VA) 1 $315,000 $315,000 $2,812 3.13%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $295,000 $295,000 $4,452 2.63%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $270,000 $135,000 $2,673 3.19%
    Ontario, OR-ID (FHA|USDA|VA) 2 $260,000 $130,000 $2,545 3.81%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $260,000 $130,000 $3,428 3.44%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $255,000 $255,000 $2,867 3.00%
    VISALIA, CA (FHA|USDA|VA) 1 $255,000 $255,000 $3,097 2.50%
    SYRACUSE, NY (FHA|USDA|VA) 2 $250,000 $125,000 $2,297 3.13%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $250,000 $125,000 $2,371 3.44%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $245,000 $245,000 $4,566 3.25%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $240,000 $120,000 $2,509 3.44%
    Brookings, OR (FHA|USDA|VA) 1 $235,000 $235,000 $3,002 3.25%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $230,000 $115,000 $2,798 2.81%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,048 3.00%
    GRANTS PASS, OR (FHA|USDA|VA) 1 $225,000 $225,000 $3,258 3.25%
    Crescent City, CA (FHA|USDA|VA) 1 $215,000 $215,000 $3,311 2.75%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $215,000 $215,000 $4,863 3.13%
    LANCASTER, PA (FHA|USDA|VA) 1 $215,000 $215,000 $2,176 2.88%
    Hailey, ID (FHA|USDA|VA) 2 $210,000 $105,000 $0 3.56%
    GRAND JUNCTION, CO (FHA|USDA|VA) 2 $210,000 $105,000 $0 3.19%
    Cañon City, CO (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.50%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $200,000 $100,000 $1,776 4.19%
    SAVANNAH, GA (FHA|USDA|VA) 1 $195,000 $195,000 $3,405 2.75%
    Silver City, NM (FHA|USDA|VA) 1 $195,000 $195,000 $3,298 2.25%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $185,000 $185,000 $3,134 3.25%
    SANTA FE, NM (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.75%
    HARRISONBURG, VA (FHA|USDA|VA) 1 $185,000 $185,000 $2,742 2.63%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $185,000 $185,000 $3,001 3.25%
    LAS CRUCES, NM (FHA|USDA|VA) 1 $175,000 $175,000 $3,174 3.25%
    FARMINGTON, NM (FHA|USDA|VA) 1 $175,000 $175,000 $2,312 3.25%
    POCATELLO, ID (FHA|USDA|VA) 2 $170,000 $85,000 $3,204 3.31%
    DALTON, GA (FHA|USDA|VA) 1 $155,000 $155,000 $2,747 3.00%
    Mountain Home, ID (FHA|USDA|VA) 1 $145,000 $145,000 $3,400 3.00%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $145,000 $145,000 $2,389 2.88%
    OCALA, FL (FHA|USDA|VA) 1 $135,000 $135,000 $1,740 2.25%
    ROCHESTER, NY (FHA|USDA|VA) 1 $135,000 $135,000 $2,039 2.63%
    Palestine, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.75%
    Fort Morgan, CO (FHA|USDA|VA) 1 $105,000 $105,000 $1,790 2.75%
    Key West, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.50%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.38%
    ST. GEORGE, UT (FHA|USDA|VA) 1 $75,000 $75,000 $1,871 2.88%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.88%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.38%
    Union, SC (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.13%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $45,000 $45,000 $1,609 2.25%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.75%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.25%
    First Technology's top markets include Seattle, Portland, San Jose, San Francisco, and San Diego among others.

    Their top states include:
  • Washington (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
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    We use machine learning to identify the top lenders compared against FIRST TECHNOLOGY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 7,183 $3,803,645,000 $529,534 $5,735 2.90%
    HELOC 3,038 $478,400,000 $157,472 n/a 4.22%

    For 2021, First Technology's most frequently originated type of loan was Conventional, with 7,183 originations. Their 2nd most popular type was HELOC, with 3,038 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,767 $2,190,935,000 $581,613 $7,119 3.18%
    Refi 2,541 $1,049,055,000 $412,851 $4,696 2.80%
    Cash Out Refi 1,792 $734,320,000 $409,777 $5,165 3.21%
    Home Improvement 1,338 $194,460,000 $145,336 $892 4.14%
    Other 783 $113,275,000 $144,668 $1,734 4.15%

    For 2021, First Technology's most frequently cited loan purpose was Home Purchase, with 3,767 originations. The 2nd most popular reason was Refi, with 2,541 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,078 $3,159,930,000 $622,278 $6,569 2.92%
    Other 3,038 $478,400,000 $157,472 $0 4.22%
    15 Year 1,620 $435,920,000 $269,086 $3,543 2.64%
    20 Year 372 $114,140,000 $306,828 $3,716 3.22%
    10 Year 73 $91,285,000 $1,250,479 $117 4.59%
    5 Year 40 $2,370,000 $59,250 $18 3.90%

    For 2021, First Technology's most frequently cited loan duration was 30 Year, with 5,078 originations. The 2nd most popular length was Other, with 3,038 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,883 $539,635,000 $286,583
    $2k-3k 1,290 $580,550,000 $450,039
    $<1k 1,269 $473,195,000 $372,888
    $5k+ 1,139 $1,175,865,000 $1,032,366
    $3k-4k 743 $452,295,000 $608,742
    $4k-5k 550 $418,230,000 $760,418

    First Technology's average total fees were $6,569, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,883 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 3,635 $2,117,845,000 $582,626
    3-4% 3,095 $1,078,005,000 $348,305
    <2.5% 1,635 $796,745,000 $487,306
    4-5% 1,565 $237,125,000 $151,518
    5-6% 231 $45,565,000 $197,251
    7-8% 33 $2,095,000 $63,485
    6-7% 20 $3,850,000 $192,500
    Over 8% 7 $815,000 $116,429

    During 2021, First Technology's average interest rate for loans was 2.92%, while their most frequently originated rate bucket for loans was 2.5-3%, with 3,635 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,080 $883,200,000 $286,753 $4,086 3.14%
    $100k-200k 1,954 $277,030,000 $141,776 $2,554 3.63%
    $400k-600k 1,657 $811,535,000 $489,762 $6,005 3.00%
    $600k-1MM 1,391 $1,070,435,000 $769,543 $7,620 2.90%
    $100,000 or less 1,314 $81,440,000 $61,979 $834 4.20%
    $1MM+ 825 $1,158,405,000 $1,404,127 $11,067 2.83%

    2021 saw First Technology place emphasis on $200k-400k loans with 3,080 originations, totaling $883,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 3,542 $1,575,510,000 $444,808 $6,096 3.27%
    $100k-150k 2,516 $782,750,000 $311,109 $4,822 3.27%
    $250k+ 1,907 $1,329,295,000 $697,061 $8,914 3.37%
    $75k-100k 940 $223,170,000 $237,415 $4,062 3.27%
    $50k-75k 703 $140,065,000 $199,239 $3,654 3.24%
    $50k or less 311 $44,225,000 $142,203 $2,879 3.07%

    First Technology lent most frequently to those with incomes in the $150k-250k range, with 3,542 originations. The second most popular income band? $100k-150k, with 2,516 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,907 $1,130,175,000 $388,777 $5,293 3.15%
    30-36% 2,051 $911,855,000 $444,590 $6,138 3.32%
    <20% 1,249 $365,955,000 $292,998 $4,071 2.96%
    42% 369 $153,405,000 $415,732 $6,240 3.56%
    37% 366 $166,920,000 $456,066 $6,581 3.39%
    38% 359 $174,245,000 $485,362 $6,731 3.36%
    41% 359 $154,235,000 $429,624 $6,379 3.56%
    39% 355 $162,105,000 $456,634 $6,286 3.43%
    40% 351 $153,075,000 $436,111 $6,015 3.45%
    36% 334 $167,220,000 $500,659 $6,562 3.30%
    44% 311 $127,185,000 $408,955 $7,422 3.71%
    43% 286 $110,700,000 $387,063 $6,548 3.55%
    49% 244 $111,160,000 $455,574 $7,524 3.49%
    48% 174 $78,400,000 $450,575 $6,605 3.56%
    45% 165 $84,675,000 $513,182 $6,840 3.36%
    46% 154 $66,130,000 $429,416 $6,025 3.47%
    47% 153 $73,095,000 $477,745 $7,307 3.48%
    50-60% 11 $3,235,000 $294,091 $6,166 4.00%
    >60% 2 $540,000 $270,000 $5,549 3.13%

    First Technology lent most frequently to those with DTI ratios of 20-30%, with 2,907 originations. The next most common DTI ratio? 30-36%, with 2,051 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 4,177 $1,777,625,000 $425,575 $5,648 3.18%
    White 4,189 $1,390,155,000 $331,858 $5,197 3.40%
    Asian 1,288 $819,320,000 $636,118 $7,256 3.16%
    Asian Indian 274 $114,280,000 $417,080 $6,795 3.60%
    Not applicable 21 $87,735,000 $4,177,857 $0 3.88%
    Black 123 $45,455,000 $369,553 $6,922 3.62%
    American Indian 42 $12,560,000 $299,048 $4,867 3.19%
    Other Asian 31 $9,285,000 $299,516 $6,456 3.75%
    Chinese 17 $7,725,000 $454,412 $5,363 3.42%
    Filipino 15 $4,395,000 $293,000 $6,379 3.69%
    Korean 5 $2,975,000 $595,000 $6,486 2.83%
    Native Hawaiian or Islander 12 $2,590,000 $215,833 $4,553 3.78%
    Japanese 10 $2,510,000 $251,000 $4,760 3.41%
    Other Pacific Islander 7 $2,285,000 $326,429 $5,079 4.18%
    Vietnamese 8 $2,150,000 $268,750 $5,311 3.81%
    Native Hawaiian 2 $1,000,000 $500,000 $4,022 3.31%

    Approval Rates

    Total approvals of all applications
    95.08%

    First Technology 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
    72.82%

    First Technology has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 10,221 $4,282,045,000 $418,946

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    10,221 $4,282,045,000 $418,946

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,696 $411,250,000 $242,482 $3,487 3.40%
    40-60% 1,724 $679,550,000 $394,171 $4,594 2.94%
    60-80% 2,948 $1,918,700,000 $650,848 $6,721 2.93%
    80-100% 1,577 $1,002,415,000 $635,647 $7,058 2.94%
    Over 100% 1 $19,005,000 $19,005,000 $0 3.75%
    Under 20% 2,275 $251,125,000 $110,385 $1,115 4.18%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    First Technology Federal Credit Union Conventional home mortgage Closing on a mortgage 1 14.3%
    First Technology Federal Credit Union Other type of mortgage Trouble during payment process 1 14.3%
    First Technology Federal Credit Union Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%
    First Technology Federal Credit Union FHA mortgage Struggling to pay mortgage 1 14.3%
    First Technology Federal Credit Union Conventional home mortgage Trouble during payment process 2 28.6%
    First Technology Federal Credit Union Conventional home mortgage Incorrect information on your report 1 14.3%