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 and Refi 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, Detroit, Allentown, Lansing, and State College among others. We have data for 58 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 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 | 7.04% | 9/1/24 |
30 Year Conventional Refi | 6.61% | 9/1/24 |
30 Year Cash-out Refi | 6.77% | 9/1/24 |
30 Year FHA Purchase | 7.54% | 9/1/24 |
30 Year FHA Refi | 7.47% | 9/1/24 |
30 Year VA Purchase | 6.70% | 9/1/24 |
30 Year USDA Purchase | 6.98% | 9/1/24 |
15 Year Conventional Purchase | 6.50% | 9/1/24 |
15 Year Conventional Refi | 6.13% | 9/1/24 |
15 Year Cash-out Refi | 6.13% | 9/1/24 |
15 Year FHA Purchase | 7.02% | 9/1/24 |
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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,126Origination Dollar Volume (All Markets)
$222,450,000FIRST HERITAGE FINANCIAL - 2020
FIRST HERITAGE FINANCIAL is a 2020 , due to their low .
For 2020, 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) | 324 | $75,480,000 | $232,963 | $5,289 | 3.20% |
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 187 | $41,655,000 | $222,754 | $3,126 | 3.03% |
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 109 | $18,995,000 | $174,266 | $4,702 | 3.36% |
LANSING-EAST LANSING, MI (FHA|USDA|VA) | 107 | $18,185,000 | $169,953 | $5,039 | 3.04% |
STATE COLLEGE, PA (FHA|USDA|VA) | 34 | $7,540,000 | $221,765 | $4,359 | 3.32% |
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 52 | $6,760,000 | $130,000 | $4,726 | 3.35% |
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 30 | $5,130,000 | $171,000 | $4,954 | 3.29% |
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 13 | $3,965,000 | $305,000 | $8,290 | 3.44% |
Sunbury, PA (FHA|USDA|VA) | 25 | $3,575,000 | $143,000 | $4,334 | 3.36% |
ERIE, PA (FHA|USDA|VA) | 27 | $2,685,000 | $99,444 | $4,882 | 3.45% |
JACKSON, MI (FHA|USDA|VA) | 12 | $2,470,000 | $205,833 | $4,824 | 2.98% |
Outside of Metro Areas | 16 | $2,440,000 | $152,500 | $3,499 | 3.02% |
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 11 | $2,345,000 | $213,182 | $3,985 | 2.93% |
ANN ARBOR, MI (FHA|USDA|VA) | 9 | $2,205,000 | $245,000 | $2,780 | 3.00% |
OCEAN CITY, NJ (FHA|USDA|VA) | 5 | $2,115,000 | $423,000 | $7,462 | 3.13% |
LEBANON, PA (FHA|USDA|VA) | 17 | $2,105,000 | $123,824 | $4,820 | 3.18% |
Lewisburg, PA (FHA|USDA|VA) | 13 | $2,075,000 | $159,615 | $5,833 | 3.22% |
LANCASTER, PA (FHA|USDA|VA) | 8 | $1,960,000 | $245,000 | $6,355 | 3.14% |
PITTSBURGH, PA (FHA|USDA|VA) | 12 | $1,780,000 | $148,333 | $4,744 | 3.26% |
WILLIAMSPORT, PA (FHA|USDA|VA) | 12 | $1,560,000 | $130,000 | $3,955 | 3.40% |
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 3 | $1,495,000 | $498,333 | $6,985 | 2.91% |
READING, PA (FHA|USDA|VA) | 9 | $1,455,000 | $161,667 | $5,476 | 3.22% |
Huntingdon, PA (FHA|USDA|VA) | 10 | $1,310,000 | $131,000 | $4,011 | 3.29% |
Selinsgrove, PA (FHA|USDA|VA) | 8 | $1,250,000 | $156,250 | $4,777 | 3.42% |
MONROE, MI (FHA|USDA|VA) | 6 | $1,050,000 | $175,000 | $2,892 | 3.19% |
HARRISONBURG, VA (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $4,733 | 3.04% |
FLINT, MI (FHA|USDA|VA) | 5 | $765,000 | $153,000 | $4,312 | 3.10% |
YORK-HANOVER, PA (FHA|USDA|VA) | 7 | $745,000 | $106,429 | $4,443 | 3.52% |
ALTOONA, PA (FHA|USDA|VA) | 5 | $685,000 | $137,000 | $5,964 | 3.25% |
Traverse City, MI (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $2,737 | 2.94% |
EAST STROUDSBURG, PA (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $4,337 | 3.22% |
Big Rapids, MI (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $4,000 | 2.25% |
Pottsville, PA (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $4,636 | 3.42% |
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $4,854 | 3.21% |
SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,397 | 3.13% |
Lewistown, PA (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $4,372 | 3.27% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $3,229 | 2.88% |
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,935 | 2.75% |
Ludington, MI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,474 | 3.00% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,849 | 3.50% |
Salem, OH (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,357 | 3.38% |
DOVER, DE (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,718 | 3.25% |
PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,036 | 3.88% |
Lock Haven, PA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,839 | 3.50% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,677 | 3.13% |
PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,638 | 2.88% |
DuBois, PA (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $3,268 | 4.42% |
Jefferson, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,088 | 3.13% |
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $4,424 | 3.56% |
Alma, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,257 | 3.38% |
SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,038 | 3.13% |
Warren, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,196 | 3.13% |
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $3,482 | 3.81% |
Cadillac, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,083 | 2.63% |
GETTYSBURG, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,222 | 2.88% |
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,683 | 2.88% |
Meadville, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,188 | 3.63% |
Ashtabula, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,174 | 3.63% |
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Product Mix
For 2020, First Heritage Financial's most frequently originated type of loan was Conventional, with 833 originations. Their 2nd most popular type was FHA, with 253 originations.
Loan Reason
For 2020, First Heritage Financial's most frequently cited loan purpose was Home Purchase, with 626 originations. The 2nd most popular reason was Refi, with 342 originations.
Loan Duration/Length
For 2020, First Heritage Financial's most frequently cited loan duration was 30 Year, with 857 originations. The 2nd most popular length was 15 Year, with 162 originations.
Origination Fees/Closing Costs
First Heritage Financial's average total fees were $4,939, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 555 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 599 | $111,705,000 | $186,486 |
2.5-3% | 415 | $87,865,000 | $211,723 |
<2.5% | 67 | $15,225,000 | $227,239 |
4-5% | 41 | $6,975,000 | $170,122 |
5-6% | 3 | $405,000 | $135,000 |
During 2020, First Heritage Financial's average interest rate for loans was 3.29%, while their most frequently originated rate bucket for loans was 3-4%, with 599 originations.
Loan Sizing
2020 saw First Heritage Financial place emphasis on $100k-200k loans with 517 originations, totaling $76,715,000 in origination value.
Applicant Income
First Heritage Financial lent most frequently to those with incomes in the $50k-75k range, with 311 originations. The second most popular income band? $50k or less, with 283 originations.
Applicant Debt to Income Ratio
First Heritage Financial lent most frequently to those with DTI ratios of 20-30%, with 258 originations. The next most common DTI ratio? 30-36%, with 235 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.02%
First Heritage Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination93.25%
First Heritage Financial has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 1,126 | $222,450,000 | $197,558 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Single Family (1-4 Units):Manufactured | 7 | $995,000 | $142,143 |
Single Family (1-4 Units):Site-Built | 1,119 | $221,455,000 | $197,904 |
LTV Distribution
Complaints
Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
FIRST FINANCIAL BANCORP | Other type of mortgage | Closing on a mortgage | 1 | 14.3% |
FIRST FINANCIAL BANCORP | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 14.3% |
FIRST FINANCIAL BANCORP | Conventional home mortgage | Struggling to pay mortgage | 1 | 14.3% |
FIRST FINANCIAL BANCORP | Conventional home mortgage | Trouble during payment process | 1 | 14.3% |
FIRST FINANCIAL BANCORP | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 2 | 28.6% |
FIRST FINANCIAL BANCORP | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 14.3% |