First Heritage Financial Mortgage Rates, Fees & Info
Trevose, PALEI: 5493001E3OD1D4Y8KX63
Tax ID: 23-3102701
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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 a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, Lansing, Sunbury, Detroit, and Allentown among others. We have data for 46 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 a low 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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.02% | 4/21/25 |
| 30 Year Conventional Refi | 7.20% | 4/21/25 |
| 30 Year Cash-out Refi | 7.33% | 4/21/25 |
| 30 Year FHA Purchase | 6.95% | 4/21/25 |
| 30 Year FHA Refi | 6.94% | 4/21/25 |
| 30 Year VA Purchase | 6.46% | 4/21/25 |
| 30 Year USDA Purchase | 6.92% | 4/21/25 |
| 15 Year Conventional Purchase | 6.49% | 4/21/25 |
| 15 Year VA Purchase | 6.00% | 4/21/25 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
479Origination Dollar Volume (All Markets)
$93,755,000Awards
FIRST HERITAGE FINANCIAL - 2022
FIRST HERITAGE FINANCIAL is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 157 | $34,905,000 | $222,325 | $7,002 | 5.22% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 68 | $11,270,000 | $165,735 | $6,923 | 4.79% |
| Sunbury, PA (FHA|USDA|VA) | 31 | $4,725,000 | $152,419 | $4,606 | 4.94% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 17 | $4,465,000 | $262,647 | $5,657 | 4.63% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 26 | $4,300,000 | $165,385 | $4,409 | 3.69% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 21 | $3,545,000 | $168,810 | $6,198 | 5.08% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 15 | $3,275,000 | $218,333 | $4,574 | 4.47% |
| ERIE, PA (FHA|USDA|VA) | 26 | $3,050,000 | $117,308 | $5,262 | 4.72% |
| Selinsgrove, PA (FHA|USDA|VA) | 11 | $1,985,000 | $180,455 | $4,718 | 5.13% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4 | $1,950,000 | $487,500 | $14,248 | 6.19% |
| LEBANON, PA (FHA|USDA|VA) | 10 | $1,750,000 | $175,000 | $7,273 | 4.02% |
| Outside of Metro Areas | 7 | $1,705,000 | $243,571 | $6,201 | 5.96% |
| PITTSBURGH, PA (FHA|USDA|VA) | 10 | $1,640,000 | $164,000 | $5,693 | 5.56% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 7 | $1,365,000 | $195,000 | $5,648 | 5.65% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 7 | $1,345,000 | $192,143 | $6,047 | 5.05% |
| READING, PA (FHA|USDA|VA) | 5 | $1,265,000 | $253,000 | $6,666 | 4.23% |
| Lewisburg, PA (FHA|USDA|VA) | 7 | $1,225,000 | $175,000 | $4,436 | 5.66% |
| ALTOONA, PA (FHA|USDA|VA) | 5 | $755,000 | $151,000 | $4,903 | 5.69% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $5,205 | 6.36% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $9,430 | 5.30% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $16,136 | 6.38% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $7,359 | 5.49% |
| Lock Haven, PA (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $5,178 | 4.08% |
| FLINT, MI (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $8,706 | 4.38% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $5,374 | 5.76% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $10,153 | 6.40% |
| Lewistown, PA (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $3,553 | 6.11% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $14,727 | 5.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,049 | 5.63% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $10,950 | 5.75% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,721 | 5.55% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,917 | 4.33% |
| Huntingdon, PA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,918 | 5.81% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,341 | 4.60% |
| Pottsville, PA (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $3,659 | 5.92% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $11,754 | 4.38% |
| New Castle, PA (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $4,075 | 5.50% |
| Coldwater, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,964 | 6.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,386 | 5.85% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,812 | 4.75% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,857 | 4.75% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,856 | 4.75% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,469 | 3.38% |
| NILES, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,241 | 6.45% |
| Meadville, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,323 | 5.63% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,433 | 5.85% |
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.
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Product Mix
For 2022, First Heritage Financial's most frequently originated type of loan was Conventional, with 296 originations. Their 2nd most popular type was FHA, with 168 originations.
Loan Reason
For 2022, First Heritage Financial's most frequently cited loan purpose was Home Purchase, with 398 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.
Loan Duration/Length
For 2022, First Heritage Financial's most frequently cited loan duration was 30 Year, with 434 originations. The 2nd most popular length was 15 Year, with 30 originations.
Origination Fees/Closing Costs
First Heritage Financial's average total fees were $6,336, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 170 originations.
Interest Rates
During 2022, First Heritage Financial's average interest rate for loans was 5.11%, while their most frequently originated rate bucket for loans was 5-6%, with 154 originations.
Loan Sizing
2022 saw First Heritage Financial place emphasis on $100k-200k loans with 218 originations, totaling $32,800,000 in origination value.
Applicant Income
First Heritage Financial lent most frequently to those with incomes in the $50k or less range, with 150 originations. The second most popular income band? $50k-75k, with 148 originations.
Applicant Debt to Income Ratio
First Heritage Financial lent most frequently to those with DTI ratios of 30-36%, with 81 originations. The next most common DTI ratio? 20-30%, with 78 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.81%
First Heritage Financial has an average approval rate.
Pick Rate
Approvals leading to origination91.02%
First Heritage Financial has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 479 | $93,755,000 | $195,731 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST GUARANTY MORTGAGE CORP | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |