Heritage Bank Mortgage Rates, Fees & Info
Wood River, NELEI: 5493000H7FLU47PQYQ10
Tax ID: 47-0098350
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Mortgage Data
Review & Overview
Heritage Bank is a smaller bank specializing in Refi and Home Purchase loans. Heritage Bank has a high proportion of conventional loans. Their top markets by origination volume include: Hastings, Grand Island, Omaha, Kearney, and Lincoln among others. We have data for 6 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 an above average pick rate when compared to similar lenders.
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Originations
62Origination Dollar Volume (All Markets)
$4,730,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 29 | $1,345,000 | $46,379 | $0 | 0.00% |
| Hastings, NE (FHA|USDA|VA) | 15 | $1,205,000 | $80,333 | $0 | 0.00% |
| GRAND ISLAND, NE (FHA|USDA|VA) | 11 | $1,125,000 | $102,273 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $0 | 0.00% |
| Kearney, NE (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $0 | 0.00% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 62 | $4,730,000 | $76,290 | $0 | 0.00% |
For 2019, Heritage Bank's most frequently originated type of loan was Conventional, with 62 originations.
Loan Reason
For 2019, Heritage Bank's most frequently cited loan purpose was Refi, with 31 originations. The 2nd most popular reason was Home Purchase, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 62 | $4,730,000 | $76,290 | $0 | 0.00% |
For 2019, Heritage Bank's most frequently cited loan duration was Other, with 62 originations.
Loan Sizing
2019 saw Heritage Bank place emphasis on $100,000 or less loans with 47 originations, totaling $2,035,000 in origination value.
Applicant Income
Heritage Bank lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $50k or less, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 62 | $4,730,000 | $76,290 | $0 | 0.00% |
Heritage Bank lent most frequently to those with DTI ratios of Exempt%, with 62 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.15%
Heritage Bank has an average approval rate.
Pick Rate
Approvals leading to origination90.32%
Heritage Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 62 | $4,730,000 | $76,290 |