Heritage Bank & Trust Mortgage Rates, Fees & Info
Columbia, TNLEI: 5493000QUE28T1SH6H86
Tax ID: 20-2248294
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Mortgage Data
Review & Overview
Heritage Bank & Trust is a smaller bank specializing in Refi and Home Purchase loans. Heritage Bank & Trust has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Nashville, Lawrenceburg, Tullahoma, Panama City, and Mcminnville among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Heritage Bank & Trust 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
129Origination Dollar Volume (All Markets)
$30,145,000Top 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 |
|---|---|---|---|---|---|
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 59 | $17,025,000 | $288,559 | $0 | 0.00% |
| Lawrenceburg, TN (FHA|USDA|VA) | 45 | $6,825,000 | $151,667 | $0 | 0.00% |
| Outside of Metro Areas | 15 | $2,615,000 | $174,333 | $0 | 0.00% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 2 | $1,120,000 | $560,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $1,045,000 | $1,045,000 | $0 | 0.00% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 128 | $29,860,000 | $233,281 | $0 | 0.00% |
| USDA | 1 | $285,000 | $285,000 | $0 | 0.00% |
For 2023, Heritage Bank & Trust's most frequently originated type of loan was Conventional, with 128 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2023, Heritage Bank & Trust's most frequently cited loan purpose was Refi, with 55 originations. The 2nd most popular reason was Home Purchase, with 53 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 129 | $30,145,000 | $233,682 | $0 | 0.00% |
For 2023, Heritage Bank & Trust's most frequently cited loan duration was Other, with 129 originations.
Loan Sizing
2023 saw Heritage Bank & Trust place emphasis on $100,000 or less loans with 45 originations, totaling $2,695,000 in origination value.
Applicant Income
Heritage Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 32 originations. The second most popular income band? $100k-150k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 129 | $30,145,000 | $233,682 | $0 | 0.00% |
Heritage Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 129 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.08%
Heritage Bank & Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.82%
Heritage Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 129 | $30,145,000 | $233,682 |