First Technology Mortgage Rates, Fees & Info
San Jose, CALEI: 549300Q02LGIN9AXKP98
Tax ID: 23-7062675
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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.
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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
10,221Origination Dollar Volume (All Markets)
$4,282,045,000Awards
FIRST TECHNOLOGY - 2021
FIRST TECHNOLOGY is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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% |
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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
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
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
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
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
2021 saw First Technology place emphasis on $200k-400k loans with 3,080 originations, totaling $883,200,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications95.08%
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 origination72.82%
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
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% |