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
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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, Florence, Crestview, and Lewisburg 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 an above average pick rate when compared to similar lenders.
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Originations
151Origination Dollar Volume (All Markets)
$40,015,000Top 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) | 60 | $18,360,000 | $306,000 | $0 | 0.00% |
| Lawrenceburg, TN (FHA|USDA|VA) | 63 | $12,235,000 | $194,206 | $0 | 0.00% |
| Outside of Metro Areas | 15 | $6,365,000 | $424,333 | $0 | 0.00% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Lewisburg, TN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 0.00% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 151 | $40,015,000 | $265,000 | $0 | 0.00% |
For 2022, Heritage Bank & Trust's most frequently originated type of loan was Conventional, with 151 originations.
Loan Reason
For 2022, Heritage Bank & Trust's most frequently cited loan purpose was Home Purchase, with 84 originations. The 2nd most popular reason was Refi, with 55 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 151 | $40,015,000 | $265,000 | $0 | 0.00% |
For 2022, Heritage Bank & Trust's most frequently cited loan duration was Other, with 151 originations.
Loan Sizing
2022 saw Heritage Bank & Trust place emphasis on $200k-400k loans with 48 originations, totaling $13,620,000 in origination value.
Applicant Income
Heritage Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 28 originations. The second most popular income band? $100k-150k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 151 | $40,015,000 | $265,000 | $0 | 0.00% |
Heritage Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 151 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.14%
Heritage Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination92.05%
Heritage Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 151 | $40,015,000 | $265,000 |