First Heritage Financial Mortgage Rates, Fees & Info

Trevose, PA

LEI: 5493001E3OD1D4Y8KX63

Tax ID: 23-3102701

5 stars - Updated: 10/8/24 - out of 5 stars, based on 17 reviews

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

Jump to:

Mortgage Data

Review & Overview

First Heritage Financial is a smaller mortgage company specializing in Home Purchase loans. First Heritage Financial has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, Erie, Scranton, Allentown, and New York among others. We have data for 38 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Heritage Financial 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. First Heritage Financial is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 7.04% 10/8/24
30 Year Conventional Refi 6.61% 10/8/24
30 Year Cash-out Refi 6.77% 10/8/24
30 Year FHA Purchase 7.54% 10/8/24
30 Year FHA Refi 7.47% 10/8/24
30 Year VA Purchase 6.70% 10/8/24
30 Year USDA Purchase 6.98% 10/8/24
15 Year Conventional Purchase 6.50% 10/8/24
15 Year Conventional Refi 6.13% 10/8/24
15 Year Cash-out Refi 6.13% 10/8/24
15 Year FHA Purchase 7.02% 10/8/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

First Heritage Financial Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First Heritage Financial. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

302

Origination Dollar Volume (All Markets)

$59,830,000
Show all (6) awards

Relative Rate

First Heritage Financial's average 30 year fixed mortgage rate was 6.77%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.29%.

Relative Fees (Closing Costs)

First Heritage Financial's average total fees/closing costs for a 30 year fixed rate mortgage were $6,774.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 118 $25,970,000 $220,085 $7,364 6.67%
ERIE, PA (FHA|USDA|VA) 44 $5,880,000 $133,636 $5,214 6.70%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 23 $4,235,000 $184,130 $4,602 7.01%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 17 $3,395,000 $199,706 $6,510 6.83%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 8 $2,780,000 $347,500 $9,743 6.40%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $2,325,000 $2,325,000 $41,739 4.75%
Outside of Metro Areas 9 $1,375,000 $152,778 $4,328 6.96%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 6 $1,210,000 $201,667 $4,067 7.25%
Sunbury, PA (FHA|USDA|VA) 8 $1,130,000 $141,250 $5,133 7.22%
Meadville, PA (FHA|USDA|VA) 7 $995,000 $142,143 $6,038 6.95%
DuBois, PA (FHA|USDA|VA) 10 $970,000 $97,000 $4,494 6.52%
PITTSBURGH, PA (FHA|USDA|VA) 5 $775,000 $155,000 $5,636 6.77%
Lewisburg, PA (FHA|USDA|VA) 4 $760,000 $190,000 $7,047 6.88%
Selinsgrove, PA (FHA|USDA|VA) 4 $740,000 $185,000 $4,812 7.19%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $665,000 $665,000 $28,061 5.25%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $535,000 $535,000 $17,587 7.50%
READING, PA (FHA|USDA|VA) 2 $530,000 $265,000 $8,459 7.78%
WILLIAMSPORT, PA (FHA|USDA|VA) 3 $505,000 $168,333 $5,168 7.35%
Warren, PA (FHA|USDA|VA) 2 $460,000 $230,000 $9,851 6.87%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $450,000 $225,000 $11,976 5.62%
Huntingdon, PA (FHA|USDA|VA) 1 $425,000 $425,000 $7,370 7.00%
JOHNSTOWN, PA (FHA|USDA|VA) 4 $370,000 $92,500 $5,620 6.09%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $345,000 $345,000 $4,116 7.88%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $335,000 $335,000 $19,392 6.75%
LANCASTER, PA (FHA|USDA|VA) 2 $290,000 $145,000 $5,798 7.06%
Pottsville, PA (FHA|USDA|VA) 4 $280,000 $70,000 $3,120 6.79%
STATE COLLEGE, PA (FHA|USDA|VA) 2 $270,000 $135,000 $6,432 7.12%
DOVER, DE (FHA|USDA|VA) 1 $265,000 $265,000 $7,110 6.88%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $255,000 $255,000 $4,459 7.50%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $240,000 $120,000 $5,386 6.37%
SPARTANBURG, SC (FHA|USDA|VA) 1 $225,000 $225,000 $10,078 5.63%
LEBANON, PA (FHA|USDA|VA) 1 $175,000 $175,000 $7,237 5.49%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $175,000 $175,000 $8,942 6.63%
AKRON, OH (FHA|USDA|VA) 1 $125,000 $125,000 $4,830 6.48%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $115,000 $115,000 $5,559 6.63%
Ashtabula, OH (FHA|USDA|VA) 1 $105,000 $105,000 $4,000 7.10%
ALTOONA, PA (FHA|USDA|VA) 1 $95,000 $95,000 $5,430 7.63%
St. Marys, PA (FHA|USDA|VA) 1 $55,000 $55,000 $3,597 5.80%
First Heritage Financial's top markets include Philadelphia, Erie, Scranton, Allentown, and New York among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against FIRST HERITAGE FINANCIAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Widget Federal Credit Union
    Similarity Rank: 8
    Michigan Legacy Credit Union
    Similarity Rank: 15
    Republic Bank
    Similarity Rank: 21
    LEBANON
    Similarity Rank: 39
    Marquette Savings Bank
    Similarity Rank: 56
    Total Community Credit Union
    Similarity Rank: 94
    PFCU
    Similarity Rank: 100
    St James Mortgage Corporation
    Similarity Rank: 104
    Reliance Savings Bank
    Similarity Rank: 108

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 196 $39,900,000 $203,571 $5,487 6.87%
    FHA 95 $17,355,000 $182,684 $8,419 6.55%
    VA 7 $2,145,000 $306,429 $13,189 6.13%
    USDA 4 $430,000 $107,500 $5,113 6.71%

    For 2023, First Heritage Financial's most frequently originated type of loan was Conventional, with 196 originations. Their 2nd most popular type was FHA, with 95 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 282 $54,060,000 $191,702 $6,442 6.73%
    Cash Out Refi 19 $5,615,000 $295,526 $8,872 7.05%
    Refi 1 $155,000 $155,000 $3,127 7.88%

    For 2023, First Heritage Financial's most frequently cited loan purpose was Home Purchase, with 282 originations. The 2nd most popular reason was Cash Out Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 281 $56,535,000 $201,192 $6,774 6.77%
    20 Year 12 $1,770,000 $147,500 $4,031 6.51%
    15 Year 8 $1,470,000 $183,750 $4,176 6.47%
    10 Year 1 $55,000 $55,000 $3,668 6.13%

    For 2023, First Heritage Financial's most frequently cited loan duration was 30 Year, with 281 originations. The 2nd most popular length was 20 Year, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 111 $17,595,000 $158,514
    $<1k 82 $14,360,000 $175,122
    $2k-3k 34 $6,420,000 $188,824
    $5k+ 27 $11,585,000 $429,074
    $4k-5k 20 $4,740,000 $237,000
    $3k-4k 19 $3,775,000 $198,684

    First Heritage Financial's average total fees were $6,774, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 111 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 175 $31,795,000 $181,686
    7-8% 81 $15,815,000 $195,247
    5-6% 32 $6,910,000 $215,938
    Over 8% 10 $1,490,000 $149,000
    4-5% 4 $3,820,000 $955,000

    During 2023, First Heritage Financial's average interest rate for loans was 6.77%, while their most frequently originated rate bucket for loans was 6-7%, with 175 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 147 $22,275,000 $151,531 $5,556 6.73%
    $200k-400k 94 $24,850,000 $264,362 $7,609 6.82%
    $100,000 or less 47 $3,405,000 $72,447 $4,188 6.84%
    $400k-600k 9 $4,145,000 $460,556 $12,118 6.86%
    $600k-1MM 4 $2,830,000 $707,500 $24,416 5.25%
    $1MM+ 1 $2,325,000 $2,325,000 $41,739 4.75%

    2023 saw First Heritage Financial place emphasis on $100k-200k loans with 147 originations, totaling $22,275,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 102 $17,750,000 $174,020 $6,201 6.75%
    $50k or less 82 $9,930,000 $121,098 $5,291 6.66%
    $75k-100k 59 $12,585,000 $213,305 $6,253 6.82%
    $100k-150k 34 $8,950,000 $263,235 $7,781 6.97%
    $150k-250k 21 $7,125,000 $339,286 $10,549 6.81%
    $250k+ 4 $3,490,000 $872,500 $17,667 5.34%

    First Heritage Financial lent most frequently to those with incomes in the $50k-75k range, with 102 originations. The second most popular income band? $50k or less, with 82 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 57 $9,405,000 $165,000 $5,878 6.78%
    20-30% 48 $8,090,000 $168,542 $5,215 6.85%
    44% 23 $5,715,000 $248,478 $9,522 6.42%
    38% 23 $4,485,000 $195,000 $6,470 6.88%
    41% 19 $3,925,000 $206,579 $6,552 6.86%
    39% 17 $2,995,000 $176,176 $6,057 6.64%
    45% 13 $2,695,000 $207,308 $6,727 7.01%
    37% 12 $2,360,000 $196,667 $5,776 7.03%
    47% 12 $2,090,000 $174,167 $6,554 6.83%
    49% 11 $2,615,000 $237,727 $5,264 6.93%
    50-60% 11 $2,295,000 $208,636 $10,099 6.52%
    42% 10 $2,010,000 $201,000 $6,904 6.68%
    40% 10 $2,190,000 $219,000 $8,510 6.34%
    46% 9 $1,935,000 $215,000 $6,567 6.82%
    43% 8 $1,580,000 $197,500 $5,555 6.70%
    48% 7 $1,575,000 $225,000 $7,397 6.37%
    <20% 7 $3,185,000 $455,000 $9,560 6.75%
    36% 4 $540,000 $135,000 $5,852 6.34%

    First Heritage Financial lent most frequently to those with DTI ratios of 30-36%, with 57 originations. The next most common DTI ratio? 20-30%, with 48 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 223 $44,775,000 $200,785 $6,415 6.77%
    Black 56 $9,960,000 $177,857 $6,919 6.67%
    Not provided 13 $2,895,000 $222,692 $8,328 6.75%
    Asian 9 $2,085,000 $231,667 $6,309 6.68%
    American Indian 1 $115,000 $115,000 $4,061 6.75%

    Approval Rates

    Total approvals of all applications
    92.61%

    First Heritage Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.71%

    First Heritage Financial has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 302 $59,830,000 $198,113

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    302 $59,830,000 $198,113

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $415,000 $138,333 $3,681 5.63%
    40-60% 13 $2,845,000 $218,846 $7,239 6.69%
    60-80% 48 $11,090,000 $231,042 $6,890 6.87%
    80-100% 236 $44,980,000 $190,593 $6,496 6.75%
    Over 100% 1 $245,000 $245,000 $15,829 4.75%
    Under 20% 1 $255,000 $255,000 $4,174 6.38%