Heritage Bank & Trust Mortgage Rates, Fees & Info
Columbia, TNLEI: 5493000QUE28T1SH6H86
Tax ID: 20-2248294
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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, Lewisburg, Panama City, and Tullahoma among others. We have data for 7 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.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
119Origination Dollar Volume (All Markets)
$31,845,000Top 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) | 52 | $16,620,000 | $319,615 | $0 | 0.00% |
| Lawrenceburg, TN (FHA|USDA|VA) | 49 | $8,155,000 | $166,429 | $0 | 0.00% |
| Outside of Metro Areas | 12 | $2,230,000 | $185,833 | $0 | 0.00% |
| Lewisburg, TN (FHA|USDA|VA) | 3 | $1,855,000 | $618,333 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $1,565,000 | $1,565,000 | $0 | 0.00% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $0 | 0.00% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 119 | $31,845,000 | $267,605 | $0 | 0.00% |
For 2021, Heritage Bank & Trust's most frequently originated type of loan was Conventional, with 119 originations.
Loan Reason
For 2021, Heritage Bank & Trust's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Refi, with 51 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 119 | $31,845,000 | $267,605 | $0 | 0.00% |
For 2021, Heritage Bank & Trust's most frequently cited loan duration was Other, with 119 originations.
Loan Sizing
2021 saw Heritage Bank & Trust place emphasis on $100k-200k loans with 44 originations, totaling $6,450,000 in origination value.
Applicant Income
Heritage Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 26 originations. The second most popular income band? $150k-250k, with 24 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 119 | $31,845,000 | $267,605 | $0 | 0.00% |
Heritage Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 119 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.33%
Heritage Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination96.64%
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 | 119 | $31,845,000 | $267,605 |