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 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 Sacramento among others. We have data for 162 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.10% | 12/16/24 |
| 30 Year Conventional Purchase | 6.43% | 12/16/24 |
| 30 Year Conventional Refi | 6.35% | 12/16/24 |
| 30 Year Cash-out Refi | 6.45% | 12/16/24 |
| 15 Year Conventional Purchase | 6.23% | 12/16/24 |
| 15 Year Conventional Refi | 5.81% | 12/16/24 |
| 15 Year Cash-out Refi | 5.81% | 12/16/24 |
| 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
7,603Origination Dollar Volume (All Markets)
$2,412,025,000Awards
FIRST TECHNOLOGY - 2019
FIRST TECHNOLOGY is a 2019 , due to their low .
For 2019, 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) | 1,748 | $775,900,000 | $443,879 | $5,434 | 4.63% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2,831 | $721,225,000 | $254,760 | $4,691 | 4.81% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 299 | $192,645,000 | $644,298 | $6,842 | 4.91% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 199 | $118,615,000 | $596,055 | $7,301 | 4.81% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 226 | $60,990,000 | $269,867 | $3,977 | 4.72% |
| SALEM, OR (FHA|USDA|VA) | 306 | $50,230,000 | $164,150 | $3,892 | 4.97% |
| BOISE CITY, ID (FHA|USDA|VA) | 187 | $38,075,000 | $203,610 | $3,964 | 4.79% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 111 | $36,165,000 | $325,811 | $4,712 | 4.72% |
| FORT COLLINS, CO (FHA|USDA|VA) | 154 | $30,380,000 | $197,273 | $3,373 | 5.02% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 82 | $27,060,000 | $330,000 | $5,294 | 4.89% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 92 | $26,230,000 | $285,109 | $3,540 | 4.59% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 87 | $24,905,000 | $286,264 | $3,834 | 4.85% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 63 | $18,015,000 | $285,952 | $5,984 | 5.52% |
| BEND, OR (FHA|USDA|VA) | 69 | $17,705,000 | $256,594 | $4,845 | 4.90% |
| CORVALLIS, OR (FHA|USDA|VA) | 82 | $17,180,000 | $209,512 | $4,601 | 4.76% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 76 | $16,090,000 | $211,711 | $3,677 | 4.75% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 85 | $13,105,000 | $154,176 | $4,861 | 5.19% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 31 | $12,725,000 | $410,484 | $4,643 | 4.45% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 64 | $12,070,000 | $188,594 | $3,266 | 4.70% |
| Outside of Metro Areas | 55 | $12,035,000 | $218,818 | $4,183 | 4.61% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 45 | $11,065,000 | $245,889 | $4,609 | 4.74% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 35 | $10,285,000 | $293,857 | $3,465 | 4.41% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 30 | $9,820,000 | $327,333 | $5,411 | 4.46% |
| GREELEY, CO (FHA|USDA|VA) | 44 | $9,320,000 | $211,818 | $3,430 | 4.88% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 28 | $8,170,000 | $291,786 | $3,596 | 5.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 37 | $7,545,000 | $203,919 | $3,476 | 4.67% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 40 | $6,680,000 | $167,000 | $3,855 | 5.23% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $5,085,000 | $5,085,000 | $0 | 4.25% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 20 | $5,080,000 | $254,000 | $3,761 | 5.39% |
| Newport, OR (FHA|USDA|VA) | 19 | $4,165,000 | $219,211 | $4,651 | 4.76% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 11 | $3,965,000 | $360,455 | $4,571 | 4.78% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 12 | $3,810,000 | $317,500 | $6,775 | 5.01% |
| VALLEJO, CA (FHA|USDA|VA) | 13 | $3,735,000 | $287,308 | $5,457 | 4.91% |
| RENO, NV (FHA|USDA|VA) | 10 | $3,620,000 | $362,000 | $3,141 | 4.39% |
| Ellensburg, WA (FHA|USDA|VA) | 7 | $3,435,000 | $490,714 | $5,584 | 4.55% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 14 | $3,430,000 | $245,000 | $3,475 | 4.27% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 12 | $3,240,000 | $270,000 | $4,781 | 4.51% |
| BOULDER, CO (FHA|USDA|VA) | 10 | $3,130,000 | $313,000 | $5,302 | 5.16% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 18 | $2,890,000 | $160,556 | $4,193 | 5.47% |
| Oak Harbor, WA (FHA|USDA|VA) | 10 | $2,600,000 | $260,000 | $4,198 | 4.61% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 9 | $2,515,000 | $279,444 | $5,025 | 5.50% |
| Astoria, OR (FHA|USDA|VA) | 15 | $2,265,000 | $151,000 | $3,746 | 4.45% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 7 | $2,195,000 | $313,571 | $3,769 | 3.96% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $2,105,000 | $2,105,000 | $0 | 4.50% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 10 | $2,010,000 | $201,000 | $3,229 | 5.08% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 7 | $1,985,000 | $283,571 | $5,338 | 3.86% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 7 | $1,915,000 | $273,571 | $3,189 | 5.64% |
| STOCKTON, CA (FHA|USDA|VA) | 7 | $1,865,000 | $266,429 | $4,924 | 3.98% |
| PROVO-OREM, UT (FHA|USDA|VA) | 6 | $1,820,000 | $303,333 | $4,134 | 3.98% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 3 | $1,765,000 | $588,333 | $6,017 | 4.21% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 8 | $1,710,000 | $213,750 | $3,516 | 5.22% |
| LONGVIEW, WA (FHA|USDA|VA) | 9 | $1,675,000 | $186,111 | $4,201 | 5.01% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 8 | $1,630,000 | $203,750 | $4,108 | 4.97% |
| WENATCHEE, WA (FHA|USDA|VA) | 5 | $1,615,000 | $323,000 | $5,500 | 4.73% |
| The Dalles, OR (FHA|USDA|VA) | 5 | $1,605,000 | $321,000 | $4,630 | 3.88% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $1,540,000 | $770,000 | $6,053 | 4.19% |
| Outside of Metro Areas | 8 | $1,440,000 | $180,000 | $3,913 | 4.38% |
| MEDFORD, OR (FHA|USDA|VA) | 6 | $1,370,000 | $228,333 | $4,073 | 5.50% |
| BELLINGHAM, WA (FHA|USDA|VA) | 4 | $1,330,000 | $332,500 | $3,970 | 3.91% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 9 | $1,275,000 | $141,667 | $3,128 | 5.03% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $1,240,000 | $620,000 | $4,929 | 4.06% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $4,239 | 4.41% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $4,814 | 5.03% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $1,185,000 | $395,000 | $6,131 | 5.50% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 2 | $1,170,000 | $585,000 | $3,413 | 4.38% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $3,607 | 4.34% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $5,301 | 4.38% |
| YAKIMA, WA (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $0 | 4.38% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $4,534 | 5.13% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $5,644 | 3.78% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $3,352 | 3.63% |
| MODESTO, CA (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $2,890 | 4.73% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $5,649 | 4.47% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $5,224 | 5.40% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $4,776 | 4.79% |
| Roseburg, OR (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $12,624 | 5.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $5,345 | 4.81% |
| Sandpoint, ID (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $4,378 | 3.63% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $3,597 | 4.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $4,839 | 3.81% |
| REDDING, CA (FHA|USDA|VA) | 6 | $750,000 | $125,000 | $2,022 | 4.40% |
| SANTA FE, NM (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $4,154 | 5.29% |
| GRANTS PASS, OR (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $6,036 | 4.13% |
| Prineville, OR (FHA|USDA|VA) | 5 | $685,000 | $137,000 | $3,531 | 6.20% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $5,219 | 4.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $4,852 | 3.63% |
| FRESNO, CA (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $4,228 | 4.33% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $3,026 | 4.46% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,286 | 3.81% |
| Fernley, NV (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $3,770 | 4.54% |
| MERCED, CA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $2,873 | 3.81% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $7,492 | 4.79% |
| Klamath Falls, OR (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $3,673 | 3.92% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $2,928 | 4.13% |
| Steamboat Springs, CO (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,070 | 5.25% |
| Durango, CO (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,466 | 3.50% |
| CHICO, CA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $2,957 | 3.31% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $6,802 | 3.63% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,745 | 3.81% |
| LAS CRUCES, NM (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $3,520 | 4.79% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,808 | 3.94% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,576 | 4.13% |
| Coos Bay, OR (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $3,213 | 5.54% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $2,060 | 3.00% |
| Clearlake, CA (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $3,106 | 4.63% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,012 | 3.75% |
| Heber, UT (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 6.31% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,272 | 4.00% |
| Hood River, OR (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,454 | 5.31% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,578 | 4.13% |
| Winnemucca, NV (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,381 | 4.50% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,166 | 4.25% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,267 | 3.81% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,054 | 4.13% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,087 | 5.00% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,874 | 5.38% |
| YUBA CITY, CA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 5.19% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,117 | 3.63% |
| MADERA, CA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,350 | 4.81% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,366 | 4.94% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,447 | 3.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 5 | $275,000 | $55,000 | $2,919 | 4.95% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,261 | 4.50% |
| Montrose, CO (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 6.63% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 6.25% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,495 | 3.50% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,555 | 3.88% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,880 | 3.50% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,996 | 4.25% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,554 | 3.13% |
| Sonora, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.88% |
| NAPA, CA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 5.63% |
| Athens, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,203 | 3.00% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 3.75% |
| Concord, NH (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,897 | 5.00% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,933 | 3.88% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,328 | 4.38% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,875 | 4.13% |
| FARMINGTON, NM (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,405 | 3.38% |
| Findlay, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,114 | 4.25% |
| Ontario, OR-ID (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,393 | 4.63% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,306 | 3.13% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,658 | 3.38% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.75% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,765 | 3.13% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,874 | 4.75% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,059 | 3.13% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,332 | 3.38% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.00% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,711 | 4.25% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,964 | 3.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.25% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 11.25% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.50% |
| Sterling, CO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.38% |
| ROME, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.00% |
| Rexburg, ID (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.75% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.00% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $616 | 6.50% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.88% |
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.
Similarity Rank: 56
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 5,071 | $2,130,945,000 | $420,222 | $4,826 | 3.96% |
| HELOC | 2,532 | $281,080,000 | $111,011 | n/a | 6.42% |
For 2019, First Technology's most frequently originated type of loan was Conventional, with 5,071 originations. Their 2nd most popular type was HELOC, with 2,532 originations.
Loan Reason
For 2019, First Technology's most frequently cited loan purpose was Home Purchase, with 3,138 originations. The 2nd most popular reason was Cash Out Refi, with 1,520 originations.
Loan Duration/Length
For 2019, First Technology's most frequently cited loan duration was 30 Year, with 3,685 originations. The 2nd most popular length was Other, with 2,532 originations.
Origination Fees/Closing Costs
First Technology's average total fees were $5,311, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,432 originations.
Interest Rates
During 2019, First Technology's average interest rate for loans was 3.83%, while their most frequently originated rate bucket for loans was 3-4%, with 3,442 originations.
Loan Sizing
2019 saw First Technology place emphasis on $200k-400k loans with 2,467 originations, totaling $720,685,000 in origination value.
Applicant Income
First Technology lent most frequently to those with incomes in the $100k-150k range, with 2,308 originations. The second most popular income band? $150k-250k, with 2,231 originations.
Applicant Debt to Income Ratio
First Technology lent most frequently to those with DTI ratios of 20-30%, with 1,751 originations. The next most common DTI ratio? 30-36%, with 1,582 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.88%
First Technology has an average approval rate.
Pick Rate
Approvals leading to origination63.66%
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 | 7,603 | $2,412,025,000 | $317,246 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| 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 | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 14.3% |
| First Technology Federal Credit Union | Conventional home mortgage | Trouble during payment process | 4 | 57.1% |
| First Technology Federal Credit Union | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 14.3% |