Heritage Bank & Trust Mortgage Rates, Fees & Info

Columbia, TN

LEI: 5493000QUE28T1SH6H86

Tax ID: 20-2248294

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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. Their top markets by origination volume include: Nashville, Lawrenceburg, Tullahoma, Chicago, and Lewisburg 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 above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    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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    Originations

    98

    Origination Dollar Volume (All Markets)

    $18,070,000

    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
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 57 $11,175,000 $196,053 $0 0.00%
    Lawrenceburg, TN (FHA|USDA|VA) 31 $4,425,000 $142,742 $0 0.00%
    Outside of Metro Areas 7 $1,115,000 $159,286 $0 0.00%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $735,000 $735,000 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $565,000 $565,000 $0 0.00%
    Lewisburg, TN (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Heritage Bank & Trust's top markets include Nashville, Lawrenceburg, Tullahoma, Chicago, and Lewisburg among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Vermont (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 98 $18,070,000 $184,388 $0 0.00%

    For 2018, Heritage Bank & Trust's most frequently originated type of loan was Conventional, with 98 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 43 $7,385,000 $171,744 $0 0.00%
    Refi 34 $6,230,000 $183,235 $0 0.00%
    Other 15 $3,205,000 $213,667 $0 0.00%
    Home Improvement 6 $1,250,000 $208,333 $0 0.00%

    For 2018, Heritage Bank & Trust's most frequently cited loan purpose was Home Purchase, with 43 originations. The 2nd most popular reason was Refi, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 98 $18,070,000 $184,388 $0 0.00%

    For 2018, Heritage Bank & Trust's most frequently cited loan duration was Other, with 98 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 37 $2,095,000 $56,622 $0 0.00%
    $100k-200k 30 $4,290,000 $143,000 $0 0.00%
    $200k-400k 20 $4,820,000 $241,000 $0 0.00%
    $400k-600k 6 $2,880,000 $480,000 $0 0.00%
    $600k-1MM 5 $3,985,000 $797,000 $0 0.00%

    2018 saw Heritage Bank & Trust place emphasis on $100,000 or less loans with 37 originations, totaling $2,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 23 $4,005,000 $174,130 $0 0.00%
    $50k-75k 22 $3,640,000 $165,455 $0 0.00%
    $75k-100k 18 $2,230,000 $123,889 $0 0.00%
    $50k or less 17 $1,625,000 $95,588 $0 0.00%
    $150k-250k 8 $2,320,000 $290,000 $0 0.00%
    $250k+ 7 $2,685,000 $383,571 $0 0.00%

    Heritage Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $50k-75k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 98 $18,070,000 $184,388 $0 0.00%

    Heritage Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 98 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 93 $16,025,000 $172,312 $0 0.00%
    Not applicable 3 $1,565,000 $521,667 $0 0.00%
    Asian 1 $455,000 $455,000 $0 0.00%
    Black 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.12%

    Heritage Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.71%

    Heritage Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 98 $18,070,000 $184,388

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $625,000 $625,000
    Single Family (1-4 Units):Manufactured 7 $455,000 $65,000
    Single Family (1-4 Units):Site-Built 90 $16,990,000 $188,778