Highland Homeloans Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300XJN2FXJNUZ8F52

Tax ID: 26-3249727

3.1 stars - Updated: 4/5/25 - out of 5 stars, based on 23 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Highland Homeloans is a smaller mortgage company specializing in Home Purchase loans. Highland Homeloans has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Dallas, Houston, Austin, San Antonio, and Sherman among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Highland Homeloans 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. Highland Homeloans 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.

    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
    30 Year Conventional Purchase 6.07% 4/5/25
    30 Year Conventional Refi 6.53% 4/5/25
    30 Year Cash-out Refi 7.41% 4/5/25
    30 Year FHA Purchase 7.40% 4/5/25
    30 Year VA Purchase 4.99% 4/5/25
    15 Year Conventional Purchase 5.00% 4/5/25
    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.

    Highland Homeloans Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Highland Homeloans. 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

    515

    Origination Dollar Volume (All Markets)

    $247,705,000
    Show all (5) awards

    Relative Rate

    Highland Homeloans's average 30 year fixed mortgage rate was 6.3%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.25%.

    Relative Fees (Closing Costs)

    Highland Homeloans's average total fees/closing costs for a 30 year fixed rate mortgage were $10,997.

    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 $8,356.

    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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 250 $129,560,000 $518,240 $10,688 6.36%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 108 $43,830,000 $405,833 $10,599 5.98%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 79 $41,035,000 $519,430 $10,341 6.49%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 47 $22,215,000 $472,660 $14,166 5.90%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 30 $10,880,000 $362,667 $8,909 5.87%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $185,000 $185,000 $8,523 6.88%
    Highland Homeloans's top markets include Dallas, Houston, Austin, San Antonio, and Sherman among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against HIGHLAND HOMELOANS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    DSLD MORTGAGE, LLC
    Similarity Rank: 105
    GSB MORTGAGE, INC.
    Similarity Rank: 133
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 144
    AMOCO
    Similarity Rank: 180
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 275
    SMART FINANCIAL CREDIT UNION
    Similarity Rank: 405
    DATCU
    Similarity Rank: 468
    VELOCITY Credit Union
    Similarity Rank: 492
    PRIMEWAY
    Similarity Rank: 532
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 564

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 512 $246,250,000 $480,957 $10,802 6.23%
    FHA 2 $950,000 $475,000 $20,733 6.69%
    VA 1 $505,000 $505,000 $3,626 5.88%

    For 2024, Highland Homeloans's most frequently originated type of loan was Conventional, with 512 originations. Their 2nd most popular type was FHA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 513 $246,965,000 $481,413 $10,810 6.23%
    Refi 1 $185,000 $185,000 $8,523 6.88%
    Cash Out Refi 1 $555,000 $555,000 $21,611 7.13%

    For 2024, Highland Homeloans's most frequently cited loan purpose was Home Purchase, with 513 originations. The 2nd most popular reason was Refi, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 475 $231,735,000 $487,863 $10,997 6.30%
    15 Year 27 $11,095,000 $410,926 $9,141 5.34%
    20 Year 7 $3,465,000 $495,000 $8,827 5.87%
    10 Year 6 $1,410,000 $235,000 $7,425 5.50%

    For 2024, Highland Homeloans's most frequently cited loan duration was 30 Year, with 475 originations. The 2nd most popular length was 15 Year, with 27 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 215 $105,555,000 $490,953
    $1k-2k 141 $67,695,000 $480,106
    $2k-3k 52 $24,090,000 $463,269
    $<1k 39 $16,555,000 $424,487
    $3k-4k 33 $16,315,000 $494,394
    $4k-5k 30 $16,150,000 $538,333

    Highland Homeloans's average total fees were $10,997, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 215 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 257 $131,415,000 $511,342
    5-6% 146 $63,970,000 $438,151
    4-5% 60 $24,890,000 $414,833
    7-8% 49 $26,265,000 $536,020
    Over 8% 3 $1,165,000 $388,333

    During 2024, Highland Homeloans's average interest rate for loans was 6.30%, while their most frequently originated rate bucket for loans was 6-7%, with 257 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 222 $108,430,000 $488,423 $11,006 6.29%
    $200k-400k 142 $45,930,000 $323,451 $9,581 6.00%
    $600k-1MM 131 $90,555,000 $691,260 $12,735 6.46%
    $100k-200k 17 $2,515,000 $147,941 $4,964 5.81%
    $100,000 or less 3 $275,000 $91,667 $4,389 5.50%

    2024 saw Highland Homeloans place emphasis on $400k-600k loans with 222 originations, totaling $108,430,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 251 $126,115,000 $502,450 $11,213 6.28%
    $100k-150k 113 $45,685,000 $404,292 $9,447 6.13%
    $250k+ 112 $65,120,000 $581,429 $11,934 6.37%
    $75k-100k 30 $8,830,000 $294,333 $9,661 5.80%
    $50k-75k 9 $1,955,000 $217,222 $7,386 5.86%

    Highland Homeloans lent most frequently to those with incomes in the $150k-250k range, with 251 originations. The second most popular income band? $100k-150k, with 113 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 82 $37,370,000 $455,732 $9,574 6.25%
    20-30% 77 $34,445,000 $447,338 $10,803 6.11%
    49% 43 $21,435,000 $498,488 $12,140 6.31%
    48% 36 $18,510,000 $514,167 $12,002 6.03%
    42% 26 $13,020,000 $500,769 $11,886 6.30%
    46% 26 $13,610,000 $523,462 $10,342 6.40%
    39% 26 $10,530,000 $405,000 $9,764 6.18%
    45% 24 $13,160,000 $548,333 $10,128 6.29%
    41% 24 $12,070,000 $502,917 $10,139 6.38%
    43% 24 $11,610,000 $483,750 $12,680 6.25%
    <20% 22 $8,100,000 $368,182 $8,432 6.01%
    40% 22 $10,620,000 $482,727 $11,225 6.36%
    44% 20 $10,000,000 $500,000 $11,570 6.19%
    38% 18 $9,940,000 $552,222 $11,720 6.27%
    47% 18 $8,970,000 $498,333 $11,434 6.21%
    37% 13 $7,015,000 $539,615 $10,606 6.23%
    36% 12 $6,430,000 $535,833 $10,979 6.40%
    50-60% 2 $870,000 $435,000 $24,330 7.19%

    Highland Homeloans lent most frequently to those with DTI ratios of 30-36%, with 82 originations. The next most common DTI ratio? 20-30%, with 77 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 235 $105,535,000 $449,085 $10,715 6.10%
    Asian 95 $51,345,000 $540,474 $10,280 6.41%
    Asian Indian 65 $34,455,000 $530,077 $11,300 6.47%
    Black 45 $21,985,000 $488,556 $11,747 6.24%
    Not provided 41 $19,115,000 $466,220 $11,060 6.18%
    Other Asian 11 $5,075,000 $461,364 $8,803 6.19%
    Vietnamese 7 $3,235,000 $462,143 $13,445 6.35%
    Filipino 6 $2,640,000 $440,000 $6,926 5.73%
    Chinese 6 $2,360,000 $393,333 $13,419 6.39%
    Korean 4 $1,960,000 $490,000 $14,001 6.56%

    Approval Rates

    Total approvals of all applications
    97.83%

    Highland Homeloans has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    86.41%

    Highland Homeloans has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 515 $247,705,000 $480,981

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    515 $247,705,000 $480,981

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $6,815,000 $235,000 $5,900 5.77%
    40-60% 40 $13,170,000 $329,250 $10,105 5.88%
    60-80% 178 $89,360,000 $502,022 $11,583 6.22%
    80-100% 262 $137,510,000 $524,847 $11,105 6.34%
    Under 20% 6 $850,000 $141,667 $5,195 6.46%