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 Home Purchase and Refi loans. Heritage Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Lawrenceburg, Mobile, Florence, 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 an above average pick rate when compared to similar lenders.
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Originations
124Origination Dollar Volume (All Markets)
$21,720,000Top 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) | 65 | $12,845,000 | $197,615 | $0 | 0.00% |
| Lawrenceburg, TN (FHA|USDA|VA) | 49 | $6,395,000 | $130,510 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $945,000 | $945,000 | $0 | 0.00% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $675,000 | $135,000 | $0 | 0.00% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 124 | $21,720,000 | $175,161 | $0 | 0.00% |
For 2019, Heritage Bank & Trust's most frequently originated type of loan was Conventional, with 124 originations.
Loan Reason
For 2019, Heritage Bank & Trust's most frequently cited loan purpose was Home Purchase, with 78 originations. The 2nd most popular reason was Refi, with 38 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 124 | $21,720,000 | $175,161 | $0 | 0.00% |
For 2019, Heritage Bank & Trust's most frequently cited loan duration was Other, with 124 originations.
Loan Sizing
2019 saw Heritage Bank & Trust place emphasis on $100,000 or less loans with 53 originations, totaling $3,085,000 in origination value.
Applicant Income
Heritage Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 24 originations. The second most popular income band? $75k-100k, with 24 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 124 | $21,720,000 | $175,161 | $0 | 0.00% |
Heritage Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 124 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.48%
Heritage Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination95.97%
Heritage Bank & Trust has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 124 | $21,720,000 | $175,161 |