First Technology Mortgage Rates, Fees & Info
San Jose, CALEI: 549300Q02LGIN9AXKP98
Tax ID: 23-7062675
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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, San Francisco, and Salem among others. We have data for 155 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.10% | 4/21/24 |
| 30 Year Conventional Purchase | 6.43% | 4/21/24 |
| 30 Year Conventional Refi | 6.35% | 4/21/24 |
| 30 Year Cash-out Refi | 6.45% | 4/21/24 |
| 15 Year Conventional Purchase | 6.23% | 4/21/24 |
| 15 Year Conventional Refi | 5.81% | 4/21/24 |
| 15 Year Cash-out Refi | 5.81% | 4/21/24 |
| 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
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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
7,640Origination Dollar Volume (All Markets)
$2,237,060,000Awards
FIRST TECHNOLOGY - 2018
FIRST TECHNOLOGY is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 2,191 | $919,705,000 | $419,765 | $5,119 | 4.98% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2,585 | $541,785,000 | $209,588 | $4,385 | 5.29% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 320 | $199,510,000 | $623,469 | $6,383 | 5.03% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 205 | $112,265,000 | $547,634 | $7,028 | 5.17% |
| SALEM, OR (FHA|USDA|VA) | 330 | $42,870,000 | $129,909 | $3,165 | 5.38% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 210 | $41,870,000 | $199,381 | $3,725 | 5.39% |
| BOISE CITY, ID (FHA|USDA|VA) | 173 | $29,295,000 | $169,335 | $3,631 | 5.29% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 102 | $28,250,000 | $276,961 | $4,280 | 5.37% |
| FORT COLLINS, CO (FHA|USDA|VA) | 164 | $26,280,000 | $160,244 | $2,799 | 5.34% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 86 | $21,490,000 | $249,884 | $4,100 | 5.21% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 71 | $20,015,000 | $281,901 | $5,758 | 5.53% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 78 | $18,330,000 | $235,000 | $3,854 | 5.21% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 84 | $17,950,000 | $213,690 | $3,417 | 4.99% |
| CORVALLIS, OR (FHA|USDA|VA) | 74 | $14,020,000 | $189,459 | $3,991 | 5.08% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 58 | $12,200,000 | $210,345 | $4,276 | 5.19% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 54 | $11,510,000 | $213,148 | $3,219 | 5.29% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 30 | $11,230,000 | $374,333 | $5,035 | 4.93% |
| Outside of Metro Areas | 40 | $9,920,000 | $248,000 | $3,968 | 5.03% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 81 | $9,705,000 | $119,815 | $3,221 | 5.45% |
| BEND, OR (FHA|USDA|VA) | 58 | $9,630,000 | $166,034 | $4,432 | 5.54% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 46 | $7,080,000 | $153,913 | $2,321 | 5.34% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 45 | $6,925,000 | $153,889 | $3,703 | 5.21% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 27 | $6,725,000 | $249,074 | $4,926 | 5.38% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 24 | $5,900,000 | $245,833 | $3,293 | 5.43% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 20 | $5,650,000 | $282,500 | $4,975 | 5.40% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 11 | $5,355,000 | $486,818 | $3,993 | 5.17% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 13 | $5,345,000 | $411,154 | $3,396 | 5.02% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 17 | $5,085,000 | $299,118 | $4,657 | 4.46% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 27 | $5,035,000 | $186,481 | $3,782 | 5.66% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $5,035,000 | $5,035,000 | $0 | 5.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 21 | $3,575,000 | $170,238 | $3,266 | 5.59% |
| GREELEY, CO (FHA|USDA|VA) | 32 | $3,000,000 | $93,750 | $1,884 | 5.70% |
| WENATCHEE, WA (FHA|USDA|VA) | 6 | $2,800,000 | $466,667 | $6,200 | 4.69% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 8 | $2,700,000 | $337,500 | $3,078 | 5.19% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 16 | $2,620,000 | $163,750 | $3,077 | 5.72% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 8 | $2,360,000 | $295,000 | $4,023 | 5.33% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 10 | $2,310,000 | $231,000 | $6,727 | 5.38% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $2,290,000 | $572,500 | $8,477 | 4.91% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $2,130,000 | $532,500 | $10,310 | 4.91% |
| STOCKTON, CA (FHA|USDA|VA) | 8 | $1,970,000 | $246,250 | $5,436 | 5.45% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 11 | $1,775,000 | $161,364 | $2,129 | 5.02% |
| Newport, OR (FHA|USDA|VA) | 11 | $1,645,000 | $149,545 | $3,891 | 5.15% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 5 | $1,635,000 | $327,000 | $4,691 | 4.83% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $1,575,000 | $525,000 | $9,193 | 5.38% |
| BOULDER, CO (FHA|USDA|VA) | 8 | $1,520,000 | $190,000 | $3,688 | 5.03% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 5 | $1,495,000 | $299,000 | $6,947 | 5.28% |
| PROVO-OREM, UT (FHA|USDA|VA) | 4 | $1,430,000 | $357,500 | $4,183 | 4.56% |
| BELLINGHAM, WA (FHA|USDA|VA) | 5 | $1,425,000 | $285,000 | $3,649 | 4.30% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $1,425,000 | $203,571 | $3,525 | 5.73% |
| RENO, NV (FHA|USDA|VA) | 6 | $1,360,000 | $226,667 | $3,200 | 5.00% |
| Hood River, OR (FHA|USDA|VA) | 5 | $1,275,000 | $255,000 | $5,268 | 5.70% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $1,250,000 | $625,000 | $8,889 | 5.63% |
| MEDFORD, OR (FHA|USDA|VA) | 5 | $1,115,000 | $223,000 | $4,184 | 5.80% |
| Shelton, WA (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $7,379 | 4.84% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $0 | 4.75% |
| Oak Harbor, WA (FHA|USDA|VA) | 5 | $1,065,000 | $213,000 | $3,198 | 5.13% |
| Ellensburg, WA (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $5,159 | 5.93% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $2,877 | 5.43% |
| Heber, UT (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $7,775 | 5.50% |
| Elko, NV (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $4,260 | 4.88% |
| WILMINGTON, NC (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $4,889 | 5.38% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 5.50% |
| Astoria, OR (FHA|USDA|VA) | 7 | $795,000 | $113,571 | $3,756 | 5.11% |
| LONGVIEW, WA (FHA|USDA|VA) | 5 | $795,000 | $159,000 | $4,951 | 5.35% |
| The Dalles, OR (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $4,251 | 5.50% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 5 | $785,000 | $157,000 | $3,533 | 5.90% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $5,336 | 4.94% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $6,050 | 4.81% |
| TUCSON, AZ (FHA|USDA|VA) | 7 | $655,000 | $93,571 | $1,943 | 5.41% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $3,105 | 5.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $5,334 | 4.92% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 5 | $595,000 | $119,000 | $2,884 | 5.65% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $1,472 | 4.81% |
| VALLEJO, CA (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $2,045 | 5.33% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $4,151 | 4.58% |
| YUBA CITY, CA (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $3,073 | 5.31% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $2,209 | 6.17% |
| Prineville, OR (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $5,146 | 5.19% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 5 | $525,000 | $105,000 | $1,733 | 4.70% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 6 | $490,000 | $81,667 | $1,011 | 5.68% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $5,104 | 4.56% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $6,933 | 3.75% |
| Pullman, WA (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $2,995 | 5.00% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,698 | 4.63% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 9 | $455,000 | $50,556 | $530 | 6.17% |
| Mountain Home, ID (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 4.63% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $2,951 | 4.87% |
| MODESTO, CA (FHA|USDA|VA) | 5 | $415,000 | $83,000 | $2,167 | 5.75% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,543 | 5.25% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,167 | 4.63% |
| Lebanon, NH-VT (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,702 | 4.81% |
| ST. GEORGE, UT (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 7.00% |
| WACO, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,536 | 4.50% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $3,072 | 5.38% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $7,809 | 4.75% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,166 | 5.00% |
| Centralia, WA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,636 | 4.69% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $2,361 | 5.29% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,861 | 4.13% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,886 | 4.13% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $532 | 6.29% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,872 | 4.88% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,004 | 4.69% |
| Durango, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,467 | 5.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,678 | 5.13% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 4.75% |
| Concord, NH (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,031 | 6.06% |
| FRESNO, CA (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $1,594 | 5.42% |
| GRANTS PASS, OR (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $0 | 6.13% |
| Crescent City, CA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,390 | 4.75% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,735 | 4.38% |
| Sonora, CA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 5.75% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 4.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 5.81% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,789 | 4.88% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,435 | 4.25% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $538 | 6.81% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,854 | 4.75% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,935 | 4.38% |
| NAPA, CA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $530 | 6.50% |
| CHICO, CA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 6.00% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,357 | 4.75% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 6.75% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,424 | 4.00% |
| AKRON, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.00% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,861 | 4.75% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $482 | 6.06% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,616 | 4.25% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $2,072 | 6.63% |
| Coos Bay, OR (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $2,357 | 6.94% |
| Brookings, OR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,673 | 4.25% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,049 | 3.50% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $594 | 5.99% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.00% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,936 | 4.38% |
| MADERA, CA (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $530 | 6.87% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,810 | 4.88% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,341 | 4.38% |
| Rexburg, ID (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,401 | 4.63% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 6.13% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.25% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,961 | 4.75% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.88% |
| Key West, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.88% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,775 | 4.25% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,126 | 4.13% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.75% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.25% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $930 | 8.75% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.25% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.50% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.25% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $650 | 6.49% |
Similar Lenders
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 | 4,494 | $1,874,640,000 | $417,143 | $4,573 | 4.67% |
| HELOC | 3,146 | $362,420,000 | $115,200 | n/a | 5.94% |
For 2018, First Technology's most frequently originated type of loan was Conventional, with 4,494 originations. Their 2nd most popular type was HELOC, with 3,146 originations.
Loan Reason
For 2018, First Technology's most frequently cited loan purpose was Home Purchase, with 3,615 originations. The 2nd most popular reason was Other, with 1,684 originations.
Loan Duration/Length
For 2018, First Technology's most frequently cited loan duration was 30 Year, with 3,216 originations. The 2nd most popular length was Other, with 3,146 originations.
Origination Fees/Closing Costs
First Technology's average total fees were $5,364, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,699 originations.
Interest Rates
During 2018, First Technology's average interest rate for loans was 4.42%, while their most frequently originated rate bucket for loans was 4-5%, with 3,325 originations.
Loan Sizing
2018 saw First Technology place emphasis on $100,000 or less loans with 2,299 originations, totaling $126,555,000 in origination value.
Applicant Income
First Technology lent most frequently to those with incomes in the $100k-150k range, with 2,386 originations. The second most popular income band? $150k-250k, with 2,265 originations.
Applicant Debt to Income Ratio
First Technology lent most frequently to those with DTI ratios of 20-30%, with 1,581 originations. The next most common DTI ratio? 30-36%, with 1,555 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.57%
First Technology has an average approval rate.
Pick Rate
Approvals leading to origination73.74%
First Technology has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 7,640 | $2,237,060,000 | $292,809 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| First Technology Federal Credit Union | Other type of mortgage | Trouble during payment process | 1 | 50.0% |
| First Technology Federal Credit Union | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |