Highland Homeloans Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300XJN2FXJNUZ8F52
Tax ID: 26-3249727
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Mortgage Data
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, Houston, Austin, San Antonio, and Sherman among others. We have data for 9 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 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.43% | 11/17/24 |
| 30 Year Conventional Refi | 6.32% | 11/17/24 |
| 30 Year Cash-out Refi | 6.97% | 11/17/24 |
| 30 Year FHA Purchase | 7.03% | 11/17/24 |
| 30 Year VA Purchase | 6.36% | 11/17/24 |
| 15 Year Conventional Purchase | 5.83% | 11/17/24 |
| 15 Year Conventional Refi | 5.79% | 11/17/24 |
| 15 Year Cash-out Refi | 5.79% | 11/17/24 |
| 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
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This is not an official calculator from Highland Homeloans. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
811Origination Dollar Volume (All Markets)
$256,095,000Awards
HIGHLAND HOMELOANS - 2020
HIGHLAND HOMELOANS 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 491 | $155,665,000 | $317,037 | $4,796 | 3.20% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 185 | $55,995,000 | $302,676 | $4,837 | 3.16% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 73 | $23,905,000 | $327,466 | $3,749 | 3.17% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 52 | $18,300,000 | $351,923 | $5,306 | 3.14% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 6 | $1,710,000 | $285,000 | $4,878 | 3.39% |
| Outside of Metro Areas | 1 | $195,000 | $195,000 | $3,923 | 3.38% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,661 | 3.50% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,568 | 2.88% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,476 | 4.50% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 811 | $256,095,000 | $315,777 | $4,742 | 3.19% |
For 2020, Highland Homeloans's most frequently originated type of loan was Conventional, with 811 originations.
Loan Reason
For 2020, Highland Homeloans's most frequently cited loan purpose was Home Purchase, with 697 originations. The 2nd most popular reason was Refi, with 111 originations.
Loan Duration/Length
For 2020, Highland Homeloans's most frequently cited loan duration was 30 Year, with 696 originations. The 2nd most popular length was 15 Year, with 90 originations.
Origination Fees/Closing Costs
Highland Homeloans's average total fees were $4,805, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 351 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 431 | $136,865,000 | $317,552 |
| 2.5-3% | 335 | $105,265,000 | $314,224 |
| <2.5% | 30 | $8,780,000 | $292,667 |
| 4-5% | 13 | $4,625,000 | $355,769 |
| 5-6% | 2 | $560,000 | $280,000 |
During 2020, Highland Homeloans's average interest rate for loans was 3.25%, while their most frequently originated rate bucket for loans was 3-4%, with 431 originations.
Loan Sizing
2020 saw Highland Homeloans place emphasis on $200k-400k loans with 572 originations, totaling $175,680,000 in origination value.
Applicant Income
Highland Homeloans lent most frequently to those with incomes in the $100k-150k range, with 310 originations. The second most popular income band? $150k-250k, with 217 originations.
Applicant Debt to Income Ratio
Highland Homeloans lent most frequently to those with DTI ratios of 20-30%, with 195 originations. The next most common DTI ratio? 30-36%, with 165 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.69%
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 origination88.41%
Highland Homeloans has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 811 | $256,095,000 | $315,777 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $175,000 | $175,000 |
| Single Family (1-4 Units):Site-Built | 810 | $255,920,000 | $315,951 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| HIGHLANDS RESIDENTIAL MORTGAGE | Conventional home mortgage | Closing on a mortgage | 1 | 33.3% |
| HIGHLANDS RESIDENTIAL MORTGAGE | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |
| HIGHLANDS RESIDENTIAL MORTGAGE | FHA mortgage | Struggling to pay mortgage | 1 | 33.3% |