First Technology Mortgage Rates, Fees & Info

San Jose, CA

LEI: 549300Q02LGIN9AXKP98

Tax ID: 23-7062675

5 stars - Updated: 5/19/24 - out of 5 stars, based on 58 reviews

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

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Mortgage Data

Review & Overview

First Technology is a small mortgage company specializing in Home Purchase loans. First Technology has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Portland, San Jose, Watertown, and San Francisco among others. We have data for 160 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Technology has an 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 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 relatively high 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) 7.10% 5/19/24
30 Year Conventional Purchase 6.43% 5/19/24
30 Year Conventional Refi 6.35% 5/19/24
30 Year Cash-out Refi 6.45% 5/19/24
15 Year Conventional Purchase 6.23% 5/19/24
15 Year Conventional Refi 5.81% 5/19/24
15 Year Cash-out Refi 5.81% 5/19/24
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.

First Technology Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First Technology. 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

3,339

Origination Dollar Volume (All Markets)

$1,145,825,000
Show all (14) awards

Relative Rate

First Technology's average 30 year fixed mortgage rate was 6.6%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.12%.

Relative Fees (Closing Costs)

First Technology's average total fees/closing costs for a 30 year fixed rate mortgage were $5,285.

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 $9,089.

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) 637 $319,795,000 $502,033 $5,196 7.85%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1,126 $276,300,000 $245,382 $4,542 8.21%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 120 $66,320,000 $552,667 $4,022 8.19%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $51,505,000 $51,505,000 $0 7.25%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 79 $38,375,000 $485,759 $4,849 8.31%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 76 $25,130,000 $330,658 $3,834 7.44%
SALEM, OR (FHA|USDA|VA) 125 $19,545,000 $156,360 $3,230 8.50%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 76 $17,980,000 $236,579 $3,495 8.44%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 60 $17,950,000 $299,167 $4,572 8.50%
Outside of Metro Areas 41 $16,425,000 $400,610 $4,411 7.88%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $15,190,000 $3,797,500 $5,705 6.66%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 49 $15,175,000 $309,694 $4,512 8.62%
FORT COLLINS, CO (FHA|USDA|VA) 84 $15,050,000 $179,167 $2,368 8.40%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 52 $13,820,000 $265,769 $4,767 8.24%
BEND, OR (FHA|USDA|VA) 44 $13,400,000 $304,545 $4,863 8.43%
BOISE CITY, ID (FHA|USDA|VA) 59 $12,385,000 $209,915 $3,088 7.57%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 44 $10,380,000 $235,909 $5,350 7.87%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 40 $9,670,000 $241,750 $2,268 8.73%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 44 $7,760,000 $176,364 $4,170 8.28%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 19 $7,665,000 $403,421 $4,440 7.78%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 17 $7,055,000 $415,000 $4,781 6.82%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 15 $6,685,000 $445,667 $5,185 6.48%
CORVALLIS, OR (FHA|USDA|VA) 28 $5,950,000 $212,500 $2,966 8.46%
Cordele, GA (FHA|USDA|VA) 1 $5,745,000 $5,745,000 $0 6.75%
STOCKTON, CA (FHA|USDA|VA) 14 $5,590,000 $399,286 $4,838 8.30%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 16 $5,200,000 $325,000 $3,527 8.04%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 16 $5,180,000 $323,750 $8,387 7.85%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 18 $4,780,000 $265,556 $4,826 8.19%
GREELEY, CO (FHA|USDA|VA) 21 $4,295,000 $204,524 $1,205 8.47%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 13 $4,185,000 $321,923 $6,958 8.23%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 13 $4,045,000 $311,154 $6,037 8.64%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 8 $3,880,000 $485,000 $4,608 7.42%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 9 $3,485,000 $387,222 $4,277 7.42%
ALBANY-LEBANON, OR (FHA|USDA|VA) 27 $3,315,000 $122,778 $1,918 8.69%
Edwards, CO (FHA|USDA|VA) 2 $3,310,000 $1,655,000 $6,754 7.31%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 9 $3,165,000 $351,667 $3,210 8.18%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 11 $3,015,000 $274,091 $3,656 7.69%
BELLINGHAM, WA (FHA|USDA|VA) 7 $2,965,000 $423,571 $8,970 7.77%
COLORADO SPRINGS, CO (FHA|USDA|VA) 13 $2,935,000 $225,769 $3,050 7.78%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 9 $2,785,000 $309,444 $3,650 7.86%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 4 $2,720,000 $680,000 $3,332 7.06%
RENO, NV (FHA|USDA|VA) 5 $2,525,000 $505,000 $3,530 6.28%
RALEIGH-CARY, NC (FHA|USDA|VA) 7 $2,495,000 $356,429 $3,282 7.61%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 9 $2,175,000 $241,667 $2,453 8.42%
MEDFORD, OR (FHA|USDA|VA) 7 $2,145,000 $306,429 $3,712 7.45%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 8 $2,130,000 $266,250 $4,590 7.98%
Prineville, OR (FHA|USDA|VA) 5 $2,115,000 $423,000 $5,209 7.53%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $2,105,000 $2,105,000 $0 7.38%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $2,055,000 $2,055,000 $0 7.38%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $1,950,000 $243,750 $4,137 7.59%
TULSA, OK (FHA|USDA|VA) 1 $1,905,000 $1,905,000 $0 7.50%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $1,875,000 $1,875,000 $0 6.38%
TUCSON, AZ (FHA|USDA|VA) 9 $1,855,000 $206,111 $3,352 7.24%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 5 $1,835,000 $367,000 $3,906 7.35%
Oak Harbor, WA (FHA|USDA|VA) 3 $1,815,000 $605,000 $8,275 6.75%
Heber, UT (FHA|USDA|VA) 2 $1,810,000 $905,000 $0 10.25%
WENATCHEE, WA (FHA|USDA|VA) 4 $1,800,000 $450,000 $3,830 8.34%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 8 $1,790,000 $223,750 $3,087 8.61%
Port Angeles, WA (FHA|USDA|VA) 5 $1,715,000 $343,000 $4,110 8.55%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $1,615,000 $1,615,000 $0 6.50%
Astoria, OR (FHA|USDA|VA) 7 $1,585,000 $226,429 $3,002 7.36%
Aberdeen, WA (FHA|USDA|VA) 3 $1,515,000 $505,000 $3,937 6.08%
Roseburg, OR (FHA|USDA|VA) 5 $1,485,000 $297,000 $4,689 7.30%
LONGVIEW, WA (FHA|USDA|VA) 4 $1,330,000 $332,500 $6,566 7.97%
Newport, OR (FHA|USDA|VA) 7 $1,315,000 $187,857 $7,324 7.75%
Shelton, WA (FHA|USDA|VA) 4 $1,260,000 $315,000 $2,207 7.91%
Truckee-Grass Valley, CA (FHA|USDA|VA) 4 $1,240,000 $310,000 $4,346 7.59%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $1,205,000 $401,667 $5,318 7.42%
NAPA, CA (FHA|USDA|VA) 3 $1,185,000 $395,000 $34,610 7.58%
FOND DU LAC, WI (FHA|USDA|VA) 1 $1,115,000 $1,115,000 $0 7.00%
BOULDER, CO (FHA|USDA|VA) 4 $1,050,000 $262,500 $2,815 7.31%
ALBUQUERQUE, NM (FHA|USDA|VA) 5 $1,015,000 $203,000 $2,944 8.03%
JOPLIN, MO (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 6.88%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 2 $930,000 $465,000 $7,026 6.19%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 6 $910,000 $151,667 $2,347 8.90%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $875,000 $875,000 $0 7.00%
ST. GEORGE, UT (FHA|USDA|VA) 2 $860,000 $430,000 $3,909 7.75%
Moses Lake, WA (FHA|USDA|VA) 2 $840,000 $420,000 $2,935 7.44%
Sandpoint, ID (FHA|USDA|VA) 1 $815,000 $815,000 $0 10.75%
TWIN FALLS, ID (FHA|USDA|VA) 1 $815,000 $815,000 $10,441 7.50%
COLUMBUS, OH (FHA|USDA|VA) 2 $810,000 $405,000 $3,579 7.31%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $805,000 $805,000 $0 9.88%
SALINAS, CA (FHA|USDA|VA) 5 $735,000 $147,000 $877 8.15%
Sonora, CA (FHA|USDA|VA) 2 $730,000 $365,000 $5,469 7.56%
Coos Bay, OR (FHA|USDA|VA) 3 $715,000 $238,333 $3,221 7.96%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 3 $695,000 $231,667 $3,306 8.21%
VALLEJO, CA (FHA|USDA|VA) 3 $695,000 $231,667 $14,884 8.04%
CHICO, CA (FHA|USDA|VA) 3 $675,000 $225,000 $4,395 7.88%
Hood River, OR (FHA|USDA|VA) 7 $655,000 $93,571 $0 9.00%
GRANTS PASS, OR (FHA|USDA|VA) 3 $645,000 $215,000 $4,605 8.42%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $645,000 $215,000 $3,149 8.54%
Cambridge, OH (FHA|USDA|VA) 1 $615,000 $615,000 $0 7.63%
FRESNO, CA (FHA|USDA|VA) 5 $615,000 $123,000 $0 8.63%
Ellensburg, WA (FHA|USDA|VA) 2 $610,000 $305,000 $0 8.75%
SALT LAKE CITY, UT (FHA|USDA|VA) 2 $610,000 $305,000 $16,020 9.31%
WORCESTER, MA-CT (FHA|USDA|VA) 3 $595,000 $198,333 $1,347 8.67%
WALLA WALLA, WA (FHA|USDA|VA) 2 $530,000 $265,000 $1,610 8.44%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $520,000 $260,000 $1,910 8.13%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $475,000 $475,000 $0 10.13%
Outside of Metro Areas 1 $455,000 $455,000 $6,467 5.63%
Seneca, SC (FHA|USDA|VA) 1 $435,000 $435,000 $8,641 6.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $405,000 $405,000 $2,523 6.88%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $405,000 $405,000 $0 8.25%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 4 $400,000 $100,000 $33 9.56%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $400,000 $200,000 $3,463 7.25%
Winnemucca, NV (FHA|USDA|VA) 1 $385,000 $385,000 $2,752 6.63%
RICHMOND, VA (FHA|USDA|VA) 2 $380,000 $190,000 $2,551 8.31%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $370,000 $185,000 $3,941 7.44%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $370,000 $185,000 $3,300 7.19%
Steamboat Springs, CO (FHA|USDA|VA) 2 $360,000 $180,000 $0 8.31%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $355,000 $355,000 $3,747 7.13%
Ukiah, CA (FHA|USDA|VA) 1 $345,000 $345,000 $3,979 6.88%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $345,000 $345,000 $0 7.50%
Centralia, WA (FHA|USDA|VA) 2 $310,000 $155,000 $0 8.25%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $305,000 $305,000 $2,473 7.38%
Los Alamos, NM (FHA|USDA|VA) 1 $305,000 $305,000 $0 9.88%
GAINESVILLE, FL (FHA|USDA|VA) 2 $300,000 $150,000 $3,178 8.50%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $295,000 $295,000 $1,264 7.25%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $285,000 $285,000 $3,485 6.75%
Pullman, WA (FHA|USDA|VA) 1 $275,000 $275,000 $4,601 6.25%
SAVANNAH, GA (FHA|USDA|VA) 2 $270,000 $135,000 $0 9.25%
PUEBLO, CO (FHA|USDA|VA) 1 $265,000 $265,000 $1,548 6.25%
STAUNTON, VA (FHA|USDA|VA) 2 $260,000 $130,000 $2,629 8.13%
PITTSBURGH, PA (FHA|USDA|VA) 1 $245,000 $245,000 $2,320 6.75%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $245,000 $245,000 $4,488 6.75%
ST. CLOUD, MN (FHA|USDA|VA) 1 $245,000 $245,000 $0 7.25%
Athens, OH (FHA|USDA|VA) 1 $225,000 $225,000 $2,758 6.38%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $220,000 $110,000 $0 9.25%
AMARILLO, TX (FHA|USDA|VA) 1 $215,000 $215,000 $4,350 6.38%
Cullowhee, NC (FHA|USDA|VA) 1 $215,000 $215,000 $0 7.00%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.50%
SALISBURY, MD-DE (FHA|USDA|VA) 2 $190,000 $95,000 $2,073 8.13%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $190,000 $95,000 $0 9.13%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $0 9.75%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $175,000 $175,000 $3,161 7.00%
The Dalles, OR (FHA|USDA|VA) 1 $175,000 $175,000 $0 7.75%
YUBA CITY, CA (FHA|USDA|VA) 2 $170,000 $85,000 $0 8.44%
LUBBOCK, TX (FHA|USDA|VA) 1 $165,000 $165,000 $2,552 6.88%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.50%
WILMINGTON, NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 9.25%
Klamath Falls, OR (FHA|USDA|VA) 1 $155,000 $155,000 $0 9.00%
MODESTO, CA (FHA|USDA|VA) 2 $150,000 $75,000 $0 9.44%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $125,000 $125,000 $5,729 6.00%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $125,000 $125,000 $4,479 8.25%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $110,000 $55,000 $0 8.44%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 12.00%
MERCED, CA (FHA|USDA|VA) 1 $95,000 $95,000 $0 9.25%
TOLEDO, OH (FHA|USDA|VA) 1 $95,000 $95,000 $4,092 5.63%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $95,000 $95,000 $2,178 6.13%
Jefferson, GA (FHA|USDA|VA) 1 $85,000 $85,000 $0 8.75%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $75,000 $75,000 $0 9.13%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.88%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $75,000 $75,000 $0 9.00%
AKRON, OH (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.63%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $45,000 $45,000 $0 12.13%
LOGAN, UT-ID (FHA|USDA|VA) 1 $45,000 $45,000 $0 8.63%
COLUMBIA, SC (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.88%
REDDING, CA (FHA|USDA|VA) 1 $35,000 $35,000 $0 10.75%
PROVO-OREM, UT (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.50%
YAKIMA, WA (FHA|USDA|VA) 1 $15,000 $15,000 $0 8.88%
First Technology's top markets include Seattle, Portland, San Jose, Watertown, and San Francisco among others.

Their top states include:
  • Washington (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,865 $309,835,000 $166,131 n/a 8.89%
    Conventional 1,474 $835,990,000 $567,157 $4,436 7.10%

    For 2023, First Technology's most frequently originated type of loan was HELOC, with 1,865 originations. Their 2nd most popular type was Conventional, with 1,474 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,363 $777,555,000 $570,473 $5,164 7.16%
    Home Improvement 927 $129,075,000 $139,239 $267 8.83%
    Other 547 $68,695,000 $125,585 $554 9.07%
    Cash Out Refi 422 $105,020,000 $248,863 $2,914 8.51%
    Refi 80 $65,480,000 $818,500 $6,181 6.75%

    For 2023, First Technology's most frequently cited loan purpose was Home Purchase, with 1,363 originations. The 2nd most popular reason was Home Improvement, with 927 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,865 $309,835,000 $166,131 $0 8.89%
    30 Year 1,077 $673,845,000 $625,669 $5,285 6.60%
    15 Year 178 $50,920,000 $286,067 $2,935 7.59%
    20 Year 97 $18,135,000 $186,959 $1,495 9.30%
    10 Year 88 $91,590,000 $1,040,795 $43 9.26%
    5 Year 34 $1,500,000 $44,118 $4 8.55%

    For 2023, First Technology's most frequently cited loan duration was Other, with 1,865 originations. The 2nd most popular length was 30 Year, with 1,077 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,057 $536,755,000 $507,810
    $1k-2k 99 $51,055,000 $515,707
    $5k+ 96 $69,180,000 $720,625
    $2k-3k 54 $26,420,000 $489,259
    $3k-4k 46 $23,550,000 $511,957
    $4k-5k 38 $21,420,000 $563,684

    First Technology's average total fees were $5,285, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,057 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 1,846 $297,700,000 $161,268
    6-7% 654 $395,090,000 $604,113
    7-8% 557 $268,695,000 $482,397
    5-6% 272 $174,920,000 $643,088
    4-5% 10 $9,420,000 $942,000

    During 2023, First Technology's average interest rate for loans was 6.60%, while their most frequently originated rate bucket for loans was Over 8%, with 1,846 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 825 $48,155,000 $58,370 $222 9.07%
    $100k-200k 784 $101,680,000 $129,694 $2,180 8.68%
    $200k-400k 744 $212,900,000 $286,156 $4,140 7.89%
    $400k-600k 481 $226,785,000 $471,486 $4,960 7.26%
    $600k-1MM 324 $248,910,000 $768,241 $5,711 6.81%
    $1MM+ 181 $307,395,000 $1,698,315 $7,734 6.61%

    2023 saw First Technology place emphasis on $100,000 or less loans with 825 originations, totaling $48,155,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 1,109 $330,585,000 $298,093 $4,541 8.07%
    $250k+ 895 $487,375,000 $544,553 $5,729 7.97%
    $100k-150k 680 $128,000,000 $188,235 $3,443 8.30%
    $75k-100k 298 $42,950,000 $144,128 $2,912 8.31%
    $50k-75k 186 $20,410,000 $109,731 $2,750 8.29%
    $50k or less 53 $4,685,000 $88,396 $2,407 7.74%

    First Technology lent most frequently to those with incomes in the $150k-250k range, with 1,109 originations. The second most popular income band? $250k+, with 895 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 587 $171,495,000 $292,155 $4,171 7.72%
    30-36% 566 $185,990,000 $328,604 $4,676 7.95%
    49% 247 $85,495,000 $346,134 $7,114 8.40%
    44% 241 $56,545,000 $234,627 $4,472 8.63%
    42% 200 $71,310,000 $356,550 $4,269 8.35%
    <20% 177 $40,905,000 $231,102 $3,499 7.58%
    40% 154 $49,240,000 $319,740 $3,316 8.25%
    39% 148 $47,360,000 $320,000 $4,039 8.20%
    43% 146 $43,430,000 $297,466 $4,898 8.61%
    48% 136 $50,960,000 $374,706 $5,549 8.30%
    41% 134 $42,250,000 $315,299 $3,966 8.40%
    37% 128 $42,220,000 $329,844 $3,662 8.24%
    36% 105 $40,615,000 $386,810 $4,018 7.98%
    38% 102 $31,760,000 $311,373 $4,017 8.28%
    46% 90 $33,850,000 $376,111 $4,773 8.10%
    47% 90 $31,660,000 $351,778 $5,259 8.05%
    45% 66 $29,870,000 $452,576 $5,158 7.81%
    50-60% 5 $2,885,000 $577,000 $11,381 7.63%
    >60% 1 $515,000 $515,000 $5,145 6.50%

    First Technology lent most frequently to those with DTI ratios of 20-30%, with 587 originations. The next most common DTI ratio? 30-36%, with 566 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 1,226 $491,290,000 $400,726 $5,005 7.66%
    White 1,585 $359,705,000 $226,943 $3,434 8.43%
    Asian 296 $151,840,000 $512,973 $4,900 7.69%
    Not applicable 16 $87,470,000 $5,466,875 $0 6.95%
    Asian Indian 101 $33,135,000 $328,069 $5,014 8.65%
    Black 53 $11,805,000 $222,736 $4,100 9.08%
    American Indian 20 $2,310,000 $115,500 $677 9.01%
    Other Asian 10 $2,180,000 $218,000 $7,204 8.76%
    Chinese 6 $1,630,000 $271,667 $0 9.52%
    Korean 5 $1,495,000 $299,000 $0 8.73%
    Filipino 10 $1,250,000 $125,000 $0 9.25%
    Japanese 4 $820,000 $205,000 $0 8.31%
    Vietnamese 2 $470,000 $235,000 $0 9.19%
    Native Hawaiian or Islander 4 $400,000 $100,000 $1,469 9.06%
    Other Pacific Islander 1 $25,000 $25,000 $0 8.13%

    Approval Rates

    Total approvals of all applications
    88.07%

    First Technology has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.60%

    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 3,339 $1,145,825,000 $343,164

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,339 $1,145,825,000 $343,164

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 622 $155,450,000 $249,920 $2,975 8.59%
    40-60% 235 $122,715,000 $522,191 $4,606 7.52%
    60-80% 566 $434,180,000 $767,102 $5,448 6.71%
    80-100% 448 $273,630,000 $610,781 $5,585 6.74%
    Under 20% 1,468 $159,850,000 $108,890 $360 8.94%