Highland Homeloans Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300XJN2FXJNUZ8F52

Tax ID: 26-3249727

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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. Their top markets by origination volume include: Dallas, Austin, San Antonio, Sherman, and Granbury 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 low 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 6.43% 4/21/24
    30 Year Conventional Refi 6.32% 4/21/24
    30 Year Cash-out Refi 6.97% 4/21/24
    30 Year FHA Purchase 7.03% 4/21/24
    30 Year VA Purchase 6.36% 4/21/24
    15 Year Conventional Purchase 5.83% 4/21/24
    15 Year Conventional Refi 5.79% 4/21/24
    15 Year Cash-out Refi 5.79% 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.

    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

    860

    Origination Dollar Volume (All Markets)

    $257,250,000

    Awards

    HIGHLAND HOMELOANS 30 Year Conventional Loans gold HIGHLAND HOMELOANS 30 Year Conventional Loans silver
    Show all (2) awards

    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) 648 $195,240,000 $301,296 $3,630 4.70%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 131 $37,485,000 $286,145 $2,699 4.67%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 78 $23,940,000 $306,923 $4,003 4.71%
    Outside of Metro Areas 1 $225,000 $225,000 $4,386 4.99%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $215,000 $215,000 $5,923 4.63%
    Granbury, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 5.25%
    Highland Homeloans's top markets include Dallas, Austin, San Antonio, Sherman, and Granbury among others.

    Their top states include:
  • Texas (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.

    NEIGHBORHOOD
    Similarity Rank: 200
    CORNERSTONE MORTGAGE PROVIDERS
    Similarity Rank: 291
    TEXANS
    Similarity Rank: 416
    Priority Bank
    Similarity Rank: 456
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 472
    AUSTIN TELCO Federal Credit Union
    Similarity Rank: 481
    JSC
    Similarity Rank: 900
    A+ Federal Credit Union
    Similarity Rank: 975
    TEXAS BAY
    Similarity Rank: 980
    First Commercial Bank
    Similarity Rank: 1122

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 860 $257,250,000 $299,128 $3,521 4.70%

    For 2018, Highland Homeloans's most frequently originated type of loan was Conventional, with 860 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 856 $256,460,000 $299,603 $3,519 4.70%
    Refi 3 $675,000 $225,000 $4,180 4.50%
    Cash Out Refi 1 $115,000 $115,000 $3,530 3.88%

    For 2018, Highland Homeloans's most frequently cited loan purpose was Home Purchase, with 856 originations. The 2nd most popular reason was Refi, with 3 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 777 $238,135,000 $306,480 $3,565 4.76%
    15 Year 65 $15,145,000 $233,000 $3,267 4.05%
    20 Year 16 $3,660,000 $228,750 $2,793 4.43%
    10 Year 1 $65,000 $65,000 $1,065 4.63%
    Other 1 $245,000 $245,000 $100 4.75%

    For 2018, Highland Homeloans's most frequently cited loan duration was 30 Year, with 777 originations. The 2nd most popular length was 15 Year, with 65 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 615 $181,535,000 $295,179
    $1k-2k 117 $35,055,000 $299,615
    $2k-3k 58 $17,640,000 $304,138
    $3k-4k 35 $10,965,000 $313,286
    $5k+ 21 $7,875,000 $375,000
    $4k-5k 14 $4,180,000 $298,571

    Highland Homeloans's average total fees were $3,565, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 615 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 670 $202,440,000 $302,149
    5-6% 123 $36,825,000 $299,390
    3-4% 64 $16,790,000 $262,344
    6-7% 3 $1,195,000 $398,333

    During 2018, Highland Homeloans's average interest rate for loans was 4.76%, while their most frequently originated rate bucket for loans was 4-5%, with 670 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 622 $185,160,000 $297,685 $3,485 4.71%
    $400k-600k 131 $56,625,000 $432,252 $4,924 4.74%
    $100k-200k 95 $14,505,000 $152,684 $2,105 4.56%
    $100,000 or less 12 $960,000 $80,000 $1,300 4.63%

    2018 saw Highland Homeloans place emphasis on $200k-400k loans with 622 originations, totaling $185,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 331 $101,095,000 $305,423 $3,475 4.72%
    $150k-250k 210 $72,050,000 $343,095 $3,871 4.65%
    $75k-100k 163 $45,285,000 $277,822 $3,638 4.73%
    $50k-75k 97 $20,855,000 $215,000 $2,601 4.72%
    $250k+ 46 $16,170,000 $351,522 $4,251 4.59%
    $50k or less 13 $1,795,000 $138,077 $1,881 4.84%

    Highland Homeloans lent most frequently to those with incomes in the $100k-150k range, with 331 originations. The second most popular income band? $150k-250k, with 210 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 169 $50,255,000 $297,367 $3,288 4.59%
    30-36% 164 $48,570,000 $296,159 $3,435 4.70%
    44% 46 $14,150,000 $307,609 $3,805 4.79%
    <20% 43 $10,235,000 $238,023 $3,414 4.47%
    49% 42 $12,420,000 $295,714 $4,159 4.74%
    43% 41 $11,915,000 $290,610 $2,758 4.72%
    36% 38 $11,390,000 $299,737 $3,550 4.70%
    41% 36 $10,960,000 $304,444 $2,755 4.90%
    40% 35 $10,975,000 $313,571 $3,915 4.70%
    42% 33 $10,375,000 $314,394 $3,760 4.84%
    39% 32 $9,780,000 $305,625 $3,941 4.71%
    47% 31 $9,405,000 $303,387 $3,507 4.76%
    45% 30 $10,080,000 $336,000 $4,520 4.72%
    46% 30 $9,710,000 $323,667 $4,023 4.85%
    37% 28 $8,240,000 $294,286 $3,480 4.74%
    38% 27 $8,245,000 $305,370 $4,017 4.61%
    48% 26 $7,790,000 $299,615 $3,029 4.84%
    50-60% 9 $2,755,000 $306,111 $3,218 4.76%

    Highland Homeloans lent most frequently to those with DTI ratios of 20-30%, with 169 originations. The next most common DTI ratio? 30-36%, with 164 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 656 $194,400,000 $296,341 $3,444 4.71%
    Asian 76 $23,760,000 $312,632 $3,999 4.63%
    Not provided 63 $19,115,000 $303,413 $3,047 4.71%
    Black 50 $16,200,000 $324,000 $4,546 4.73%
    Asian Indian 4 $1,120,000 $280,000 $2,579 4.78%
    American Indian 4 $960,000 $240,000 $2,990 4.59%
    Filipino 2 $670,000 $335,000 $6,977 4.63%
    Vietnamese 1 $455,000 $455,000 $3,359 5.00%
    Other Asian 2 $340,000 $170,000 $1,850 4.69%
    Korean 1 $125,000 $125,000 $378 3.96%
    Native Hawaiian or Islander 1 $105,000 $105,000 $1,997 3.99%

    Approval Rates

    Total approvals of all applications
    99.11%

    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
    83.95%

    Highland Homeloans has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 860 $257,250,000 $299,128

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 860 $257,250,000 $299,128

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 48 $6,550,000 $136,458 $1,980 4.38%
    40-60% 92 $21,330,000 $231,848 $3,077 4.49%
    60-80% 313 $97,275,000 $310,783 $3,421 4.70%
    80-100% 403 $131,775,000 $326,985 $3,913 4.78%
    Under 20% 4 $320,000 $80,000 $658 4.63%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    HIGHLANDS RESIDENTIAL MORTGAGE Conventional home mortgage Trouble during payment process 1 100.0%