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

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Seattle, Portland, San Jose, San Francisco, and San Diego among others. First Technology has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. First Technology is typically a high fee lendor.


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 rate mortgage of loans were 2.92%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.23%.

Relative Fees

First Technology's average total fees for a 30 year fixed rate mortgage are $6,569.

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 $4,750.

Top Markets

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%
CaƱon 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.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 10,221 $4,282,045,000 $418,946 $5,735 3.29%

For the 2021 period, First Technology's most frequently originated loan type of loans were Conventional, with 10,221 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average 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 the 2021, First Technology's most frequently cited loan purpose of loans were Home Purchase, with 3,767 originations. The 2nd most popular reason of loans were 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 the 2021, First Technology's most frequently cited loan length of loans were 30 Year, with 5,078 originations. The 2nd most popular length of loans were Other, with 3,038 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,883 $539,635,000 $286,583
$3k-4k 1,293 $870,525,000 $673,260
$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

$6,569 of loans were First Technology's average total fees, while their most frequently occuring range of origination fees 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 of loans were 2.92%, while their most frequently originated rate bucket of loans were 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 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 Hawiian 2 $1,000,000 $500,000 $4,022 3.31%

Approval Rates

Total approvals of all applications
94.07%

First Technology has an average approval rate.

Pick Rate

Approvals leading to origination
65.07%

First Technology 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 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%