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 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 Sacramento among others. We have data for 193 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% | 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
10,420Origination Dollar Volume (All Markets)
$3,670,270,000Awards
FIRST TECHNOLOGY - 2020
FIRST TECHNOLOGY is a 2020 , due to their low .
For 2020, 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) | 2,594 | $1,175,710,000 | $453,242 | $5,599 | 3.49% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3,767 | $1,114,775,000 | $295,932 | $4,773 | 3.44% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 364 | $226,930,000 | $623,434 | $6,440 | 3.61% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 260 | $144,830,000 | $557,038 | $7,441 | 3.71% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 335 | $93,945,000 | $280,433 | $3,786 | 3.55% |
| SALEM, OR (FHA|USDA|VA) | 374 | $71,370,000 | $190,829 | $3,874 | 3.60% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 186 | $64,140,000 | $344,839 | $4,421 | 3.58% |
| FORT COLLINS, CO (FHA|USDA|VA) | 214 | $49,410,000 | $230,888 | $3,480 | 3.62% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 97 | $42,745,000 | $440,670 | $7,830 | 3.87% |
| BOISE CITY, ID (FHA|USDA|VA) | 172 | $38,930,000 | $226,337 | $3,908 | 3.43% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 117 | $33,655,000 | $287,650 | $4,584 | 3.42% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 100 | $28,870,000 | $288,700 | $4,208 | 3.55% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 121 | $28,605,000 | $236,405 | $4,416 | 3.01% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 108 | $28,570,000 | $264,537 | $3,659 | 3.65% |
| BEND, OR (FHA|USDA|VA) | 99 | $26,895,000 | $271,667 | $4,699 | 3.60% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 21 | $26,855,000 | $1,278,810 | $4,478 | 3.64% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $24,735,000 | $24,735,000 | $0 | 3.50% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 121 | $24,185,000 | $199,876 | $3,950 | 3.70% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 73 | $21,675,000 | $296,918 | $4,165 | 3.38% |
| Outside of Metro Areas | 80 | $20,980,000 | $262,250 | $4,315 | 3.29% |
| CORVALLIS, OR (FHA|USDA|VA) | 87 | $19,905,000 | $228,793 | $3,963 | 3.36% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 43 | $18,085,000 | $420,581 | $6,046 | 3.15% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 43 | $16,765,000 | $389,884 | $3,999 | 3.63% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 47 | $15,965,000 | $339,681 | $4,627 | 3.19% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 31 | $14,575,000 | $470,161 | $6,991 | 3.54% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $14,500,000 | $2,416,667 | $5,022 | 3.73% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 66 | $14,440,000 | $218,788 | $3,459 | 3.26% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 38 | $14,320,000 | $376,842 | $4,706 | 3.34% |
| GREELEY, CO (FHA|USDA|VA) | 54 | $12,060,000 | $223,333 | $3,510 | 3.61% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 24 | $11,350,000 | $472,917 | $5,016 | 3.63% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 28 | $10,030,000 | $358,214 | $4,765 | 3.65% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 44 | $9,100,000 | $206,818 | $4,314 | 3.33% |
| Oak Harbor, WA (FHA|USDA|VA) | 18 | $7,730,000 | $429,444 | $5,917 | 3.27% |
| TUCSON, AZ (FHA|USDA|VA) | 13 | $7,295,000 | $561,154 | $4,694 | 3.31% |
| SALINAS, CA (FHA|USDA|VA) | 15 | $7,285,000 | $485,667 | $6,232 | 3.88% |
| Newport, OR (FHA|USDA|VA) | 20 | $6,920,000 | $346,000 | $5,902 | 2.98% |
| STOCKTON, CA (FHA|USDA|VA) | 19 | $6,585,000 | $346,579 | $5,619 | 3.66% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 17 | $6,465,000 | $380,294 | $6,568 | 3.51% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 17 | $6,435,000 | $378,529 | $4,131 | 3.19% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 17 | $6,405,000 | $376,765 | $5,359 | 3.54% |
| VALLEJO, CA (FHA|USDA|VA) | 17 | $5,775,000 | $339,706 | $4,835 | 3.25% |
| BOULDER, CO (FHA|USDA|VA) | 13 | $4,975,000 | $382,692 | $3,896 | 3.22% |
| RENO, NV (FHA|USDA|VA) | 12 | $4,800,000 | $400,000 | $4,042 | 3.29% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 16 | $4,790,000 | $299,375 | $3,996 | 3.69% |
| Ellensburg, WA (FHA|USDA|VA) | 12 | $4,730,000 | $394,167 | $5,526 | 3.33% |
| Astoria, OR (FHA|USDA|VA) | 13 | $4,665,000 | $358,846 | $5,927 | 3.03% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 25 | $4,595,000 | $183,800 | $3,080 | 3.46% |
| WENATCHEE, WA (FHA|USDA|VA) | 8 | $4,460,000 | $557,500 | $7,339 | 3.38% |
| Hood River, OR (FHA|USDA|VA) | 12 | $4,370,000 | $364,167 | $4,949 | 3.43% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 18 | $4,180,000 | $232,222 | $4,685 | 3.74% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 16 | $4,150,000 | $259,375 | $4,238 | 3.41% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 16 | $3,900,000 | $243,750 | $4,671 | 3.37% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 12 | $3,860,000 | $321,667 | $3,968 | 2.92% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 12 | $3,650,000 | $304,167 | $3,599 | 2.99% |
| BELLINGHAM, WA (FHA|USDA|VA) | 12 | $3,450,000 | $287,500 | $4,110 | 3.35% |
| Heber, UT (FHA|USDA|VA) | 4 | $3,320,000 | $830,000 | $7,313 | 3.06% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 9 | $2,965,000 | $329,444 | $4,790 | 3.38% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 10 | $2,850,000 | $285,000 | $5,102 | 3.25% |
| YUBA CITY, CA (FHA|USDA|VA) | 12 | $2,800,000 | $233,333 | $3,808 | 3.52% |
| MEDFORD, OR (FHA|USDA|VA) | 9 | $2,595,000 | $288,333 | $5,909 | 3.68% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 4 | $2,180,000 | $545,000 | $6,454 | 3.38% |
| NAPA, CA (FHA|USDA|VA) | 6 | $2,160,000 | $360,000 | $5,371 | 3.60% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 7 | $2,075,000 | $296,429 | $3,972 | 2.91% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $2,055,000 | $2,055,000 | $0 | 4.00% |
| LONGVIEW, WA (FHA|USDA|VA) | 11 | $1,965,000 | $178,636 | $3,373 | 4.10% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 7 | $1,775,000 | $253,571 | $4,969 | 3.88% |
| Jacksonville, IL (FHA|USDA|VA) | 1 | $1,775,000 | $1,775,000 | $0 | 3.75% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 8 | $1,740,000 | $217,500 | $3,051 | 3.13% |
| PROVO-OREM, UT (FHA|USDA|VA) | 4 | $1,610,000 | $402,500 | $6,267 | 4.56% |
| MODESTO, CA (FHA|USDA|VA) | 6 | $1,590,000 | $265,000 | $4,868 | 3.65% |
| FRESNO, CA (FHA|USDA|VA) | 8 | $1,330,000 | $166,250 | $2,797 | 3.11% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 3 | $1,295,000 | $431,667 | $6,818 | 4.96% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $2,585 | 2.75% |
| Shelton, WA (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $6,448 | 2.83% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 6 | $1,210,000 | $201,667 | $3,847 | 4.10% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $8,393 | 2.54% |
| Roseburg, OR (FHA|USDA|VA) | 6 | $1,060,000 | $176,667 | $5,079 | 3.00% |
| The Dalles, OR (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $4,247 | 3.19% |
| SANTA FE, NM (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $3,057 | 3.16% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $4,302 | 3.47% |
| REDDING, CA (FHA|USDA|VA) | 6 | $970,000 | $161,667 | $3,226 | 3.60% |
| Aberdeen, WA (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $3,693 | 4.79% |
| Outside of Metro Areas | 3 | $885,000 | $295,000 | $4,555 | 2.79% |
| Klamath Falls, OR (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $3,513 | 3.28% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $2,181 | 3.75% |
| Moscow, ID (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $3,950 | 2.75% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $3,853 | 4.21% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $5,666 | 4.19% |
| TWIN FALLS, ID (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $3,488 | 3.63% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $3,222 | 3.25% |
| Breckenridge, CO (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $4,679 | 2.75% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $2,844 | 3.71% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $6,916 | 3.56% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $4,480 | 3.25% |
| WILMINGTON, NC (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $2,851 | 3.79% |
| GAINESVILLE, FL (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $3,628 | 2.58% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $5,934 | 3.25% |
| Centralia, WA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $3,816 | 3.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $3,483 | 2.78% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $3,200 | 3.25% |
| Port Angeles, WA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $6,540 | 4.33% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $4,135 | 3.31% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $2,853 | 3.92% |
| Sandpoint, ID (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $2,480 | 3.06% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $5,579 | 3.47% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $3,134 | 2.67% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $4,125 | 3.06% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $2,390 | 3.17% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $4,332 | 3.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $5,806 | 3.50% |
| SYRACUSE, NY (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $3,901 | 3.88% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $5,653 | 2.50% |
| Kerrville, TX (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $4,321 | 3.00% |
| CHICO, CA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $3,508 | 3.38% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $7,543 | 3.63% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $2,044 | 4.13% |
| Prineville, OR (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $3,436 | 4.46% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $7,164 | 2.69% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,781 | 2.63% |
| MERCED, CA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,689 | 2.50% |
| GRANTS PASS, OR (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,228 | 3.63% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,572 | 2.88% |
| WACO, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $6,582 | 2.50% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,086 | 3.13% |
| Payson, AZ (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $1,710 | 4.04% |
| Pullman, WA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $1,849 | 3.00% |
| Ontario, OR-ID (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $3,818 | 3.79% |
| Sonora, CA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,281 | 4.44% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,552 | 3.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $6,037 | 4.42% |
| TYLER, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,019 | 2.88% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,783 | 2.63% |
| YAKIMA, WA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,833 | 4.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,468 | 4.81% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,187 | 2.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,536 | 2.50% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,136 | 2.50% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $8,215 | 1.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,280 | 2.88% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,636 | 2.75% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $10,559 | 2.38% |
| Cañon City, CO (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 4.50% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,960 | 2.88% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,035 | 3.13% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,957 | 3.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,005 | 3.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,210 | 3.50% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,400 | 3.38% |
| Red Bluff, CA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,577 | 4.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,703 | 2.13% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,966 | 2.75% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,913 | 3.94% |
| Durango, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,055 | 2.75% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $2,013 | 3.42% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $0 | 3.75% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,088 | 3.63% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,746 | 2.63% |
| Coos Bay, OR (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,820 | 5.38% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,802 | 2.38% |
| Granbury, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,248 | 3.13% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.75% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,357 | 2.75% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,811 | 2.63% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,723 | 3.50% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,621 | 3.13% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,414 | 2.50% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,512 | 2.13% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,980 | 3.13% |
| Dublin, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.63% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,171 | 3.63% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 3.44% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,658 | 4.25% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,825 | 2.50% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,577 | 3.88% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 4.25% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,751 | 3.25% |
| La Grande, OR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,455 | 2.75% |
| DALTON, GA (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 4.25% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.13% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,074 | 2.25% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.75% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,187 | 2.13% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.25% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.25% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,259 | 3.25% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.25% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 3.63% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.50% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,028 | 2.88% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.25% |
| Mountain Home, ID (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.50% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 7,638 | $3,296,830,000 | $431,635 | $4,936 | 3.12% |
| HELOC | 2,782 | $373,440,000 | $134,234 | n/a | 4.48% |
For 2020, First Technology's most frequently originated type of loan was Conventional, with 7,638 originations. Their 2nd most popular type was HELOC, with 2,782 originations.
Loan Reason
For 2020, First Technology's most frequently cited loan purpose was Home Purchase, with 3,946 originations. The 2nd most popular reason was Refi, with 2,857 originations.
Loan Duration/Length
For 2020, First Technology's most frequently cited loan duration was 30 Year, with 5,522 originations. The 2nd most popular length was Other, with 2,782 originations.
Origination Fees/Closing Costs
First Technology's average total fees were $5,436, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,445 originations.
Interest Rates
During 2020, First Technology's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 3-4%, with 4,464 originations.
Loan Sizing
2020 saw First Technology place emphasis on $200k-400k loans with 3,721 originations, totaling $1,093,225,000 in origination value.
Applicant Income
First Technology lent most frequently to those with incomes in the $150k-250k range, with 3,467 originations. The second most popular income band? $100k-150k, with 3,041 originations.
Applicant Debt to Income Ratio
First Technology lent most frequently to those with DTI ratios of 20-30%, with 3,042 originations. The next most common DTI ratio? 30-36%, with 2,116 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.01%
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 origination52.13%
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 | 10,420 | $3,670,270,000 | $352,233 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| First Technology Federal Credit Union | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 25.0% |
| First Technology Federal Credit Union | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| First Technology Federal Credit Union | Conventional home mortgage | Incorrect information on your report | 1 | 25.0% |
| First Technology Federal Credit Union | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |