Heritage Bank Mortgage Rates, Fees & Info
Wood River, NELEI: 5493000H7FLU47PQYQ10
Tax ID: 47-0098350
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Heritage Bank is a smaller bank specializing in Home Purchase and Refi loans. Heritage Bank has a high proportion of conventional loans. Their top markets by origination volume include: Grand Island, Hastings, Phoenix, Kearney, and Denver among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Heritage Bank 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.
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Originations
49Origination Dollar Volume (All Markets)
$6,815,000Top 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 |
|---|---|---|---|---|---|
| GRAND ISLAND, NE (FHA|USDA|VA) | 10 | $1,450,000 | $145,000 | $0 | 0.00% |
| Outside of Metro Areas | 15 | $1,355,000 | $90,333 | $0 | 0.00% |
| Hastings, NE (FHA|USDA|VA) | 16 | $1,250,000 | $78,125 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $0 | 0.00% |
| Kearney, NE (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 49 | $6,815,000 | $139,082 | $0 | 0.00% |
For 2023, Heritage Bank's most frequently originated type of loan was Conventional, with 49 originations.
Loan Reason
For 2023, Heritage Bank's most frequently cited loan purpose was Home Purchase, with 23 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 49 | $6,815,000 | $139,082 | $0 | 0.00% |
For 2023, Heritage Bank's most frequently cited loan duration was Other, with 49 originations.
Loan Sizing
2023 saw Heritage Bank place emphasis on $100,000 or less loans with 28 originations, totaling $1,200,000 in origination value.
Applicant Income
Heritage Bank lent most frequently to those with incomes in the $50k-75k range, with 14 originations. The second most popular income band? $50k or less, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 49 | $6,815,000 | $139,082 | $0 | 0.00% |
Heritage Bank lent most frequently to those with DTI ratios of Exempt%, with 49 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.85%
Heritage Bank has an average approval rate.
Pick Rate
Approvals leading to origination75.51%
Heritage Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 49 | $6,815,000 | $139,082 |