First Heritage Financial Mortgage Rates, Fees & Info

Trevose, PA

LEI: 5493001E3OD1D4Y8KX63

Tax ID: 23-3102701

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

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  • SimulatedRates™
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    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.04% 4/21/24
    30 Year Conventional Refi 6.61% 4/21/24
    30 Year Cash-out Refi 6.77% 4/21/24
    30 Year FHA Purchase 7.54% 4/21/24
    30 Year FHA Refi 7.47% 4/21/24
    30 Year VA Purchase 6.70% 4/21/24
    30 Year USDA Purchase 6.98% 4/21/24
    15 Year Conventional Purchase 6.50% 4/21/24
    15 Year Conventional Refi 6.13% 4/21/24
    15 Year Cash-out Refi 6.13% 4/21/24
    15 Year FHA Purchase 7.02% 4/21/24
    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

    1,126

    Origination Dollar Volume (All Markets)

    $222,450,000
    Show all (7) awards

    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%
    First Heritage Financial's top markets include Philadelphia, Detroit, Allentown, Lansing, and State College among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Florida (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
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    SECURITY CREDIT UNION
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    ERIE FEDERAL CREDIT UNION
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    LEBANON
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 833 $173,165,000 $207,881 $3,873 3.17%
    FHA 253 $41,525,000 $164,130 $6,856 3.28%
    VA 31 $6,475,000 $208,871 $6,387 3.35%
    USDA 9 $1,285,000 $142,778 $5,032 3.11%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 626 $111,870,000 $178,706 $5,198 3.29%
    Refi 342 $76,160,000 $222,690 $3,426 3.00%
    Cash Out Refi 158 $34,420,000 $217,848 $4,986 3.24%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 857 $168,645,000 $196,785 $4,939 3.29%
    15 Year 162 $30,940,000 $190,988 $3,633 2.79%
    20 Year 67 $14,695,000 $219,328 $3,934 3.10%
    Other 22 $5,710,000 $259,545 $3,674 3.23%
    10 Year 18 $2,460,000 $136,667 $2,904 2.67%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 555 $111,925,000 $201,667
    $1k-2k 317 $55,415,000 $174,811
    $2k-3k 107 $19,005,000 $177,617
    $3k-4k 59 $12,195,000 $206,695
    $5k+ 37 $11,325,000 $306,081
    $4k-5k 34 $8,900,000 $261,765

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 517 $76,715,000 $148,385 $4,411 3.22%
    $200k-400k 410 $109,500,000 $267,073 $5,060 3.12%
    $100,000 or less 145 $10,755,000 $74,172 $3,710 3.36%
    $400k-600k 52 $23,690,000 $455,577 $5,737 3.12%
    $600k-1MM 2 $1,790,000 $895,000 $14,130 3.31%

    2020 saw First Heritage Financial place emphasis on $100k-200k loans with 517 originations, totaling $76,715,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 311 $53,875,000 $173,232 $4,690 3.21%
    $50k or less 283 $36,845,000 $130,194 $4,563 3.25%
    $100k-150k 196 $48,730,000 $248,622 $4,529 3.21%
    $75k-100k 195 $38,835,000 $199,154 $4,652 3.20%
    $150k-250k 88 $26,340,000 $299,318 $4,825 3.08%
    $250k+ 48 $17,080,000 $355,833 $4,653 2.97%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 258 $50,580,000 $196,047 $4,285 3.18%
    30-36% 235 $45,885,000 $195,255 $4,365 3.18%
    <20% 71 $14,505,000 $204,296 $3,727 2.97%
    44% 57 $11,045,000 $193,772 $4,757 3.29%
    42% 47 $9,605,000 $204,362 $4,904 3.34%
    39% 47 $9,655,000 $205,426 $4,466 3.17%
    40% 45 $8,555,000 $190,111 $4,573 3.18%
    36% 44 $7,750,000 $176,136 $4,439 3.32%
    38% 42 $7,680,000 $182,857 $4,615 3.23%
    43% 42 $8,580,000 $204,286 $5,069 3.31%
    41% 40 $8,250,000 $206,250 $4,553 3.34%
    50-60% 35 $6,725,000 $192,143 $6,539 3.19%
    37% 32 $6,390,000 $199,688 $5,303 3.27%
    46% 29 $6,365,000 $219,483 $5,612 3.26%
    48% 29 $5,525,000 $190,517 $6,257 3.09%
    45% 27 $5,535,000 $205,000 $5,212 3.11%
    49% 23 $5,695,000 $247,609 $5,733 3.27%
    47% 20 $3,480,000 $174,000 $4,304 3.12%
    >60% 1 $185,000 $185,000 $3,121 2.88%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 775 $148,175,000 $191,194 $4,710 3.21%
    Not provided 182 $39,250,000 $215,659 $3,344 3.09%
    Black 109 $19,875,000 $182,339 $5,995 3.28%
    Asian 42 $11,750,000 $279,762 $5,027 3.15%
    Asian Indian 4 $1,100,000 $275,000 $4,398 3.06%
    Native Hawaiian or Islander 5 $945,000 $189,000 $5,904 3.90%
    American Indian 5 $655,000 $131,000 $4,695 3.60%
    Other Asian 2 $390,000 $195,000 $6,481 3.25%
    Other Pacific Islander 2 $310,000 $155,000 $6,392 3.63%

    Approval Rates

    Total approvals of all applications
    96.02%

    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 origination
    93.25%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 35 $6,335,000 $181,000 $3,224 2.85%
    40-60% 135 $27,875,000 $206,481 $3,340 2.97%
    60-80% 359 $77,085,000 $214,721 $4,136 3.18%
    80-100% 591 $109,975,000 $186,083 $5,250 3.28%
    Over 100% 6 $1,180,000 $196,667 $9,319 3.65%

    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%