Heritage Bank & Trust Mortgage Rates, Fees & Info
Columbia, TNLEI: 5493000QUE28T1SH6H86
Tax ID: 20-2248294
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Heritage Bank & Trust is a smaller bank specializing in Home Purchase and Refi 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, Lewisburg, Birmingham, and Clarksville among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Heritage Bank & Trust has an 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
74Origination Dollar Volume (All Markets)
$22,550,000Top 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) | 32 | $9,890,000 | $309,063 | $0 | 0.00% |
| Lawrenceburg, TN (FHA|USDA|VA) | 27 | $7,615,000 | $282,037 | $0 | 0.00% |
| Outside of Metro Areas | 12 | $3,330,000 | $277,500 | $0 | 0.00% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 72 | $22,180,000 | $308,056 | $0 | 0.00% |
| USDA | 2 | $370,000 | $185,000 | $0 | 0.00% |
For 2024, Heritage Bank & Trust's most frequently originated type of loan was Conventional, with 72 originations. Their 2nd most popular type was USDA, with 2 originations.
Loan Reason
For 2024, Heritage Bank & Trust's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Refi, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 74 | $22,550,000 | $304,730 | $0 | 0.00% |
For 2024, Heritage Bank & Trust's most frequently cited loan duration was Other, with 74 originations.
Loan Sizing
2024 saw Heritage Bank & Trust place emphasis on $200k-400k loans with 32 originations, totaling $9,240,000 in origination value.
Applicant Income
Heritage Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $150k-250k, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 74 | $22,550,000 | $304,730 | $0 | 0.00% |
Heritage Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 74 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.76%
Heritage Bank & Trust has a below average approval rate.
Pick Rate
Approvals leading to origination67.57%
Heritage Bank & Trust has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 74 | $22,550,000 | $304,730 |