First Technology Mortgage Rates, Fees & Info

San Jose, CA

LEI: 549300Q02LGIN9AXKP98

Tax ID: 23-7062675

5 stars - out of 5 stars, based on 88 reviews

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

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  • Top Markets
  • Product Mix
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  • Typical Rates
  • Loan Sizes
  • Dwelling Types
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  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    First Technology is a mid-sized 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, San Francisco, and Las Vegas among others. We have data for 202 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 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 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) 7.10% 5/28/23
    30 Year Conventional Purchase 6.43% 5/28/23
    30 Year Conventional Refi 6.35% 5/28/23
    30 Year Cash-out Refi 6.45% 5/28/23
    15 Year Conventional Purchase 6.23% 5/28/23
    15 Year Conventional Refi 5.81% 5/28/23
    15 Year Cash-out Refi 5.81% 5/28/23
    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.

    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

    7,784

    Origination Dollar Volume (All Markets)

    $3,087,110,000
    Show all (15) awards

    Relative Rate

    First Technology's average 30 year fixed mortgage rate was 4.12%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.64%.

    Relative Fees (Closing Costs)

    First Technology's average total fees/closing costs for a 30 year fixed rate mortgage were $6,794.

    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) 2,032 $1,102,580,000 $542,608 $6,927 4.62%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2,357 $656,055,000 $278,343 $5,448 4.86%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 309 $200,625,000 $649,272 $8,077 4.43%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 271 $163,595,000 $603,672 $8,202 4.75%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 28 $54,030,000 $1,929,643 $5,773 5.08%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 137 $51,895,000 $378,796 $6,087 4.98%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 105 $48,645,000 $463,286 $8,609 5.03%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 204 $47,730,000 $233,971 $3,735 4.86%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 101 $47,255,000 $467,871 $4,371 4.70%
    SALEM, OR (FHA|USDA|VA) 270 $46,120,000 $170,815 $3,844 5.07%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 116 $38,810,000 $334,569 $4,581 4.69%
    BOISE CITY, ID (FHA|USDA|VA) 127 $37,805,000 $297,677 $4,811 4.65%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 68 $32,340,000 $475,588 $5,356 4.88%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 123 $31,895,000 $259,309 $4,992 4.94%
    FORT COLLINS, CO (FHA|USDA|VA) 133 $28,405,000 $213,571 $3,506 4.61%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 89 $27,125,000 $304,775 $3,448 4.98%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 56 $22,880,000 $408,571 $5,339 5.22%
    Outside of Metro Areas 63 $20,725,000 $328,968 $5,645 4.84%
    BEND, OR (FHA|USDA|VA) 80 $20,120,000 $251,500 $5,927 5.22%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 60 $18,820,000 $313,667 $4,954 4.74%
    Forrest City, AR (FHA|USDA|VA) 1 $17,225,000 $17,225,000 $0 6.50%
    ST. GEORGE, UT (FHA|USDA|VA) 3 $15,815,000 $5,271,667 $7,410 4.50%
    Heber, UT (FHA|USDA|VA) 8 $15,260,000 $1,907,500 $8,103 5.59%
    CORVALLIS, OR (FHA|USDA|VA) 59 $15,025,000 $254,661 $4,311 4.78%
    STOCKTON, CA (FHA|USDA|VA) 34 $14,120,000 $415,294 $6,590 4.98%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 18 $14,100,000 $783,333 $4,071 4.72%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 71 $10,775,000 $151,761 $3,154 4.93%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 30 $10,360,000 $345,333 $7,693 4.63%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 45 $10,325,000 $229,444 $3,956 5.60%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 28 $9,780,000 $349,286 $5,986 5.19%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 30 $9,390,000 $313,000 $7,655 5.23%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $8,960,000 $4,480,000 $0 4.13%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $7,880,000 $3,940,000 $0 5.25%
    RENO, NV (FHA|USDA|VA) 7 $7,545,000 $1,077,857 $6,982 4.41%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 36 $7,500,000 $208,333 $3,128 4.49%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 21 $7,365,000 $350,714 $7,048 5.01%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 22 $7,000,000 $318,182 $4,156 5.28%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $6,840,000 $3,420,000 $1,803 4.44%
    GREELEY, CO (FHA|USDA|VA) 37 $6,665,000 $180,135 $2,370 5.35%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 23 $6,315,000 $274,565 $6,587 5.07%
    RALEIGH-CARY, NC (FHA|USDA|VA) 15 $5,505,000 $367,000 $4,857 5.13%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $5,305,000 $5,305,000 $0 5.50%
    Oak Harbor, WA (FHA|USDA|VA) 12 $5,110,000 $425,833 $5,905 4.97%
    Newport, OR (FHA|USDA|VA) 18 $4,950,000 $275,000 $5,210 4.99%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 25 $4,845,000 $193,800 $4,346 4.94%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 14 $4,670,000 $333,571 $4,627 5.46%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $4,255,000 $1,418,333 $4,160 3.83%
    Ellensburg, WA (FHA|USDA|VA) 8 $4,210,000 $526,250 $4,630 5.59%
    TOLEDO, OH (FHA|USDA|VA) 1 $4,125,000 $4,125,000 $0 3.75%
    BOULDER, CO (FHA|USDA|VA) 9 $3,645,000 $405,000 $5,156 4.56%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 14 $3,600,000 $257,143 $4,545 5.49%
    Prineville, OR (FHA|USDA|VA) 8 $3,500,000 $437,500 $12,274 5.02%
    Aberdeen, WA (FHA|USDA|VA) 6 $3,390,000 $565,000 $6,152 4.02%
    LaGrange, GA-AL (FHA|USDA|VA) 1 $3,075,000 $3,075,000 $0 5.63%
    SALINAS, CA (FHA|USDA|VA) 8 $3,040,000 $380,000 $9,115 5.77%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 10 $2,830,000 $283,000 $2,553 5.48%
    JACKSONVILLE, FL (FHA|USDA|VA) 11 $2,765,000 $251,364 $3,041 5.32%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 9 $2,635,000 $292,778 $14,085 4.85%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 4 $2,620,000 $655,000 $8,977 4.50%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 15 $2,615,000 $174,333 $5,237 5.14%
    Lawrenceburg, TN (FHA|USDA|VA) 1 $2,505,000 $2,505,000 $0 4.50%
    WORCESTER, MA-CT (FHA|USDA|VA) 6 $2,460,000 $410,000 $8,146 4.96%
    LONGVIEW, WA (FHA|USDA|VA) 11 $2,445,000 $222,273 $4,153 5.85%
    AMARILLO, TX (FHA|USDA|VA) 4 $2,430,000 $607,500 $3,488 3.97%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 3 $2,365,000 $788,333 $4,247 4.58%
    WENATCHEE, WA (FHA|USDA|VA) 4 $2,350,000 $587,500 $2,983 4.72%
    Port Angeles, WA (FHA|USDA|VA) 8 $2,340,000 $292,500 $4,253 5.11%
    Hood River, OR (FHA|USDA|VA) 7 $2,335,000 $333,571 $6,459 4.38%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 12 $2,290,000 $190,833 $2,440 5.13%
    BELLINGHAM, WA (FHA|USDA|VA) 9 $2,285,000 $253,889 $5,170 4.93%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 6 $2,260,000 $376,667 $4,391 5.44%
    VALLEJO, CA (FHA|USDA|VA) 6 $2,030,000 $338,333 $5,087 4.67%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 7 $1,985,000 $283,571 $3,693 4.52%
    TUCSON, AZ (FHA|USDA|VA) 8 $1,970,000 $246,250 $3,803 4.81%
    ALBUQUERQUE, NM (FHA|USDA|VA) 5 $1,775,000 $355,000 $5,133 4.23%
    PROVO-OREM, UT (FHA|USDA|VA) 5 $1,705,000 $341,000 $4,372 4.83%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $1,685,000 $561,667 $8,744 5.13%
    Outside of Metro Areas 3 $1,675,000 $558,333 $6,977 4.25%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,625,000 $541,667 $15,130 6.83%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $16,442 4.88%
    MEDFORD, OR (FHA|USDA|VA) 7 $1,495,000 $213,571 $3,618 5.29%
    Centralia, WA (FHA|USDA|VA) 4 $1,470,000 $367,500 $11,807 4.28%
    FRESNO, CA (FHA|USDA|VA) 8 $1,450,000 $181,250 $4,727 5.08%
    Moses Lake, WA (FHA|USDA|VA) 5 $1,445,000 $289,000 $4,309 4.65%
    Astoria, OR (FHA|USDA|VA) 6 $1,410,000 $235,000 $6,475 4.38%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $1,385,000 $277,000 $4,817 4.20%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 6 $1,360,000 $226,667 $4,150 4.10%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $1,340,000 $335,000 $3,670 5.78%
    SALT LAKE CITY, UT (FHA|USDA|VA) 4 $1,330,000 $332,500 $7,986 5.84%
    Shelton, WA (FHA|USDA|VA) 6 $1,320,000 $220,000 $6,185 4.25%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,310,000 $327,500 $4,981 4.84%
    YUBA CITY, CA (FHA|USDA|VA) 6 $1,210,000 $201,667 $3,222 5.73%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $0 4.25%
    ASHEVILLE, NC (FHA|USDA|VA) 4 $1,190,000 $297,500 $4,235 4.94%
    MODESTO, CA (FHA|USDA|VA) 4 $1,160,000 $290,000 $2,730 5.09%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 6 $1,110,000 $185,000 $4,754 4.94%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $1,090,000 $181,667 $3,368 5.60%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 2 $1,060,000 $530,000 $6,723 5.69%
    Klamath Falls, OR (FHA|USDA|VA) 3 $1,035,000 $345,000 $4,736 4.54%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 5.70%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $1,000,000 $500,000 $3,922 6.06%
    MERCED, CA (FHA|USDA|VA) 3 $985,000 $328,333 $6,303 4.00%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $975,000 $975,000 $0 4.25%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $950,000 $475,000 $7,923 3.88%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $905,000 $905,000 $0 4.63%
    Lebanon, NH-VT (FHA|USDA|VA) 3 $855,000 $285,000 $4,231 4.71%
    COLUMBUS, OH (FHA|USDA|VA) 2 $830,000 $415,000 $6,442 2.63%
    Morehead City, NC (FHA|USDA|VA) 1 $825,000 $825,000 $6,566 3.00%
    SAVANNAH, GA (FHA|USDA|VA) 5 $805,000 $161,000 $2,857 4.58%
    AKRON, OH (FHA|USDA|VA) 2 $790,000 $395,000 $0 6.63%
    NAPA, CA (FHA|USDA|VA) 4 $770,000 $192,500 $0 6.22%
    Clearlake, CA (FHA|USDA|VA) 3 $725,000 $241,667 $4,135 5.08%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $715,000 $715,000 $0 4.00%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 5 $685,000 $137,000 $1,339 6.28%
    Coos Bay, OR (FHA|USDA|VA) 5 $675,000 $135,000 $3,430 6.50%
    KINGSTON, NY (FHA|USDA|VA) 2 $640,000 $320,000 $9,915 2.75%
    REDDING, CA (FHA|USDA|VA) 3 $635,000 $211,667 $3,649 4.67%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $630,000 $315,000 $3,893 6.50%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $600,000 $300,000 $8,927 6.13%
    Taos, NM (FHA|USDA|VA) 1 $595,000 $595,000 $4,572 4.25%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $580,000 $290,000 $5,610 4.19%
    Ontario, OR-ID (FHA|USDA|VA) 2 $580,000 $290,000 $4,603 3.94%
    PITTSBURGH, PA (FHA|USDA|VA) 3 $575,000 $191,667 $4,628 5.08%
    YAKIMA, WA (FHA|USDA|VA) 2 $570,000 $285,000 $2,666 4.44%
    GRAND JUNCTION, CO (FHA|USDA|VA) 2 $560,000 $280,000 $2,775 4.88%
    MADERA, CA (FHA|USDA|VA) 4 $550,000 $137,500 $4,534 7.31%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 4 $550,000 $137,500 $709 5.50%
    VISALIA, CA (FHA|USDA|VA) 3 $535,000 $178,333 $2,151 6.21%
    SANTA FE, NM (FHA|USDA|VA) 3 $535,000 $178,333 $0 4.00%
    Sonora, CA (FHA|USDA|VA) 1 $515,000 $515,000 $6,029 4.25%
    La Grande, OR (FHA|USDA|VA) 3 $505,000 $168,333 $3,002 4.79%
    Pahrump, NV (FHA|USDA|VA) 3 $495,000 $165,000 $3,967 4.75%
    LOGAN, UT-ID (FHA|USDA|VA) 1 $465,000 $465,000 $4,641 2.38%
    The Dalles, OR (FHA|USDA|VA) 3 $465,000 $155,000 $2,737 3.96%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $465,000 $465,000 $4,344 5.63%
    CHICO, CA (FHA|USDA|VA) 1 $455,000 $455,000 $0 5.50%
    Rexburg, ID (FHA|USDA|VA) 1 $425,000 $425,000 $6,044 3.75%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $425,000 $141,667 $0 5.71%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $420,000 $210,000 $2,168 5.63%
    WINSTON-SALEM, NC (FHA|USDA|VA) 2 $410,000 $205,000 $12,037 5.56%
    GRANTS PASS, OR (FHA|USDA|VA) 2 $410,000 $205,000 $4,402 3.44%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $390,000 $195,000 $3,655 4.19%
    Lake City, FL (FHA|USDA|VA) 2 $380,000 $190,000 $2,218 4.38%
    ROCHESTER, NY (FHA|USDA|VA) 2 $350,000 $175,000 $0 4.63%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $345,000 $345,000 $4,975 3.63%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $340,000 $170,000 $2,177 5.25%
    Norwalk, OH (FHA|USDA|VA) 1 $335,000 $335,000 $4,442 5.50%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $335,000 $335,000 $4,924 5.38%
    Kerrville, TX (FHA|USDA|VA) 1 $325,000 $325,000 $4,155 2.25%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 2 $320,000 $160,000 $2,803 4.81%
    WACO, TX (FHA|USDA|VA) 1 $315,000 $315,000 $4,797 3.50%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $310,000 $155,000 $0 5.81%
    LANCASTER, PA (FHA|USDA|VA) 2 $310,000 $155,000 $2,726 4.31%
    RICHMOND, VA (FHA|USDA|VA) 3 $305,000 $101,667 $3,059 5.21%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $300,000 $150,000 $130 5.63%
    Mountain Home, ID (FHA|USDA|VA) 1 $285,000 $285,000 $3,319 4.75%
    LEBANON, PA (FHA|USDA|VA) 1 $285,000 $285,000 $4,818 4.75%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2 $280,000 $140,000 $1,628 6.19%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $275,000 $91,667 $0 4.42%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $270,000 $67,500 $0 4.72%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $255,000 $255,000 $0 6.38%
    Stephenville, TX (FHA|USDA|VA) 1 $245,000 $245,000 $7,793 4.75%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $240,000 $120,000 $2,777 6.25%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $240,000 $120,000 $4,457 4.38%
    POCATELLO, ID (FHA|USDA|VA) 1 $235,000 $235,000 $4,405 5.75%
    COLUMBIA, SC (FHA|USDA|VA) 1 $235,000 $235,000 $3,812 3.13%
    Pullman, WA (FHA|USDA|VA) 1 $225,000 $225,000 $3,021 3.88%
    Cedartown, GA (FHA|USDA|VA) 1 $225,000 $225,000 $3,817 4.75%
    Red Bluff, CA (FHA|USDA|VA) 2 $220,000 $110,000 $0 5.00%
    YUMA, AZ (FHA|USDA|VA) 1 $215,000 $215,000 $4,801 5.63%
    JACKSON, MI (FHA|USDA|VA) 1 $205,000 $205,000 $0 5.38%
    GREENVILLE, NC (FHA|USDA|VA) 1 $195,000 $195,000 $3,255 5.38%
    Roseburg, OR (FHA|USDA|VA) 1 $195,000 $195,000 $0 6.63%
    LAS CRUCES, NM (FHA|USDA|VA) 1 $175,000 $175,000 $2,876 3.63%
    EL PASO, TX (FHA|USDA|VA) 1 $145,000 $145,000 $2,766 5.88%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $135,000 $135,000 $2,908 5.63%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.75%
    WILMINGTON, NC (FHA|USDA|VA) 1 $125,000 $125,000 $2,883 4.88%
    VICTORIA, TX (FHA|USDA|VA) 1 $115,000 $115,000 $2,350 5.88%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $105,000 $105,000 $3,476 5.38%
    DOVER, DE (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.75%
    Fernley, NV (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.50%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.00%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.25%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.13%
    OCALA, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.13%
    WALLA WALLA, WA (FHA|USDA|VA) 2 $80,000 $40,000 $0 4.44%
    Bainbridge, GA (FHA|USDA|VA) 1 $75,000 $75,000 $2,398 4.00%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.88%
    Montrose, CO (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.75%
    BURLINGTON, NC (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.00%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.25%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.25%
    BANGOR, ME (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.75%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.00%
    Georgetown, SC (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.50%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.38%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 2 $40,000 $20,000 $0 3.88%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.50%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.38%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.63%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.88%
    First Technology's top markets include Seattle, Portland, San Jose, San Francisco, and Las Vegas 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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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,001 $2,411,815,000 $602,803 $5,780 4.32%
    HELOC 3,783 $675,295,000 $178,508 n/a 5.32%

    For 2022, First Technology's most frequently originated type of loan was Conventional, with 4,001 originations. Their 2nd most popular type was HELOC, with 3,783 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,286 $1,852,540,000 $563,767 $6,766 4.67%
    Home Improvement 1,936 $303,780,000 $156,911 $270 5.28%
    Cash Out Refi 1,214 $588,630,000 $484,868 $5,475 4.52%
    Other 953 $142,015,000 $149,019 $1,292 5.37%
    Refi 395 $200,145,000 $506,696 $5,706 3.18%

    For 2022, First Technology's most frequently cited loan purpose was Home Purchase, with 3,286 originations. The 2nd most popular reason was Home Improvement, with 1,936 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 3,783 $675,295,000 $178,508 $0 5.32%
    30 Year 3,021 $2,053,385,000 $679,704 $6,794 4.12%
    15 Year 492 $127,530,000 $259,207 $3,520 4.23%
    20 Year 234 $42,370,000 $181,068 $1,463 6.10%
    10 Year 169 $183,705,000 $1,087,012 $99 5.43%
    5 Year 85 $4,825,000 $56,765 $28 4.71%

    For 2022, First Technology's most frequently cited loan duration was Other, with 3,783 originations. The 2nd most popular length was 30 Year, with 3,021 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,332 $591,960,000 $444,414
    $5k+ 630 $677,050,000 $1,074,683
    $1k-2k 554 $163,130,000 $294,458
    $2k-3k 538 $250,440,000 $465,502
    $3k-4k 469 $285,965,000 $609,733
    $4k-5k 310 $229,710,000 $741,000

    First Technology's average total fees were $6,794, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,332 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 2,295 $879,635,000 $383,283
    3-4% 1,901 $867,315,000 $456,241
    5-6% 1,454 $500,330,000 $344,106
    6-7% 782 $200,900,000 $256,905
    2.5-3% 522 $401,020,000 $768,238
    7-8% 419 $78,195,000 $186,623
    <2.5% 212 $130,140,000 $613,868
    Over 8% 198 $29,400,000 $148,485

    During 2022, First Technology's average interest rate for loans was 4.12%, while their most frequently originated rate bucket for loans was 4-5%, with 2,295 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,881 $523,945,000 $278,546 $4,505 4.72%
    $100k-200k 1,625 $219,835,000 $135,283 $2,221 5.20%
    $100,000 or less 1,552 $92,930,000 $59,878 $231 5.50%
    $400k-600k 1,114 $544,590,000 $488,860 $5,937 4.50%
    $600k-1MM 1,021 $772,715,000 $756,822 $7,200 4.17%
    $1MM+ 591 $933,095,000 $1,578,841 $10,701 3.87%

    2022 saw First Technology place emphasis on $200k-400k loans with 1,881 originations, totaling $523,945,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 2,886 $1,050,860,000 $364,123 $5,797 4.82%
    $250k+ 1,848 $1,157,370,000 $626,282 $8,215 4.81%
    $100k-150k 1,643 $436,055,000 $265,402 $4,661 4.83%
    $75k-100k 588 $107,770,000 $183,282 $3,905 4.80%
    $50k-75k 414 $64,330,000 $155,386 $3,759 4.71%
    $50k or less 147 $17,015,000 $115,748 $2,859 4.44%

    First Technology lent most frequently to those with incomes in the $150k-250k range, with 2,886 originations. The second most popular income band? $250k+, with 1,848 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,584 $526,440,000 $332,348 $5,385 4.50%
    30-36% 1,443 $554,265,000 $384,106 $5,611 4.72%
    <20% 530 $142,840,000 $269,509 $4,328 4.15%
    42% 446 $186,510,000 $418,184 $5,782 5.27%
    44% 399 $142,525,000 $357,206 $6,798 5.29%
    49% 377 $151,395,000 $401,578 $7,820 5.19%
    40% 372 $142,150,000 $382,124 $5,504 5.04%
    39% 368 $163,890,000 $445,353 $6,203 4.97%
    41% 365 $135,715,000 $371,822 $5,563 5.06%
    38% 315 $126,665,000 $402,111 $6,480 4.76%
    43% 299 $103,375,000 $345,736 $6,573 5.12%
    36% 290 $113,350,000 $390,862 $5,429 4.79%
    37% 278 $108,680,000 $390,935 $5,148 4.95%
    48% 212 $90,360,000 $426,226 $6,682 4.96%
    47% 173 $77,755,000 $449,451 $6,212 4.97%
    46% 152 $72,300,000 $475,658 $7,525 4.95%
    45% 139 $69,925,000 $503,058 $7,458 4.70%
    50-60% 7 $4,315,000 $616,429 $8,166 5.00%

    First Technology lent most frequently to those with DTI ratios of 20-30%, with 1,584 originations. The next most common DTI ratio? 30-36%, with 1,443 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 3,007 $1,348,825,000 $448,562 $6,273 4.61%
    White 3,233 $860,245,000 $266,083 $4,554 4.97%
    Asian 934 $532,060,000 $569,657 $6,840 4.53%
    Not applicable 35 $174,655,000 $4,990,143 $0 4.81%
    Asian Indian 273 $95,885,000 $351,227 $6,261 5.16%
    Black 135 $35,305,000 $261,519 $4,734 5.68%
    Chinese 27 $11,795,000 $436,852 $8,614 4.84%
    Other Asian 27 $7,375,000 $273,148 $5,583 5.36%
    Filipino 28 $6,290,000 $224,643 $2,244 5.78%
    American Indian 41 $5,765,000 $140,610 $1,478 5.39%
    Korean 13 $3,345,000 $257,308 $0 5.34%
    Native Hawaiian or Islander 8 $2,610,000 $326,250 $5,951 4.55%
    Vietnamese 9 $1,285,000 $142,778 $3,548 4.97%
    Japanese 8 $910,000 $113,750 $0 5.36%
    Other Pacific Islander 3 $385,000 $128,333 $0 6.92%
    Samoan 1 $195,000 $195,000 $0 6.38%
    Guamanian 1 $125,000 $125,000 $0 4.00%
    Native Hawaiian 1 $55,000 $55,000 $0 4.50%

    Approval Rates

    Total approvals of all applications
    91.65%

    First Technology has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.97%

    First Technology has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 7,784 $3,087,110,000 $396,597

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    7,784 $3,087,110,000 $396,597

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,412 $379,380,000 $268,683 $3,743 5.08%
    40-60% 703 $380,595,000 $541,387 $5,944 4.15%
    60-80% 1,524 $1,172,060,000 $769,068 $7,039 4.14%
    80-100% 1,174 $797,410,000 $679,225 $6,922 4.35%
    Over 100% 1 $4,005,000 $4,005,000 $0 5.25%
    Under 20% 2,970 $353,660,000 $119,077 $419 5.35%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST GUARANTY MORTGAGE CORP Conventional home mortgage Struggling to pay mortgage 1 100.0%