First Heritage Financial Mortgage Rates, Fees & Info
Trevose, PALEI: 5493001E3OD1D4Y8KX63
Tax ID: 23-3102701
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, Lansing, Detroit, Allentown, and Bloomsburg 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.
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% | 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
897Origination Dollar Volume (All Markets)
$169,055,000Awards
FIRST HERITAGE FINANCIAL - 2021
FIRST HERITAGE FINANCIAL is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for FIRST HERITAGE FINANCIAL?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 264 | $60,660,000 | $229,773 | $5,460 | 3.20% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 136 | $23,050,000 | $169,485 | $5,278 | 3.19% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 68 | $14,680,000 | $215,882 | $3,859 | 3.14% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 74 | $13,430,000 | $181,486 | $4,373 | 2.88% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 41 | $7,965,000 | $194,268 | $4,820 | 3.18% |
| LEBANON, PA (FHA|USDA|VA) | 38 | $6,020,000 | $158,421 | $4,655 | 2.86% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 31 | $4,635,000 | $149,516 | $4,475 | 3.09% |
| ERIE, PA (FHA|USDA|VA) | 38 | $4,110,000 | $108,158 | $4,305 | 2.96% |
| Sunbury, PA (FHA|USDA|VA) | 28 | $3,680,000 | $131,429 | $3,833 | 3.13% |
| Outside of Metro Areas | 17 | $3,235,000 | $190,294 | $5,140 | 3.04% |
| READING, PA (FHA|USDA|VA) | 12 | $2,360,000 | $196,667 | $5,854 | 3.01% |
| Selinsgrove, PA (FHA|USDA|VA) | 12 | $2,080,000 | $173,333 | $4,054 | 3.11% |
| Lewisburg, PA (FHA|USDA|VA) | 12 | $1,910,000 | $159,167 | $3,768 | 3.15% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 9 | $1,685,000 | $187,222 | $4,280 | 3.26% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 13 | $1,655,000 | $127,308 | $4,596 | 3.28% |
| FLINT, MI (FHA|USDA|VA) | 7 | $1,155,000 | $165,000 | $5,059 | 3.25% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 7 | $1,105,000 | $157,857 | $4,253 | 2.91% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 8 | $1,090,000 | $136,250 | $4,175 | 3.23% |
| Pottsville, PA (FHA|USDA|VA) | 9 | $985,000 | $109,444 | $4,189 | 3.14% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $8,029 | 3.00% |
| LANCASTER, PA (FHA|USDA|VA) | 7 | $925,000 | $132,143 | $4,127 | 3.04% |
| PITTSBURGH, PA (FHA|USDA|VA) | 5 | $805,000 | $161,000 | $4,494 | 2.76% |
| JACKSON, MI (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $6,869 | 3.06% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $3,307 | 2.50% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $3,699 | 2.89% |
| Key West, FL (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $7,450 | 3.25% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $5,458 | 3.13% |
| Traverse City, MI (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,502 | 3.35% |
| ALTOONA, PA (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $5,307 | 3.09% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,031 | 3.10% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $5,524 | 2.83% |
| Alma, MI (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $7,187 | 3.31% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,953 | 3.63% |
| Meadville, PA (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $4,231 | 3.04% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,653 | 3.10% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $3,267 | 2.84% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,813 | 3.05% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,807 | 3.25% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,886 | 3.13% |
| AKRON, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,757 | 2.88% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,259 | 3.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,075 | 2.50% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,274 | 2.50% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,619 | 3.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,606 | 2.63% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,483 | 3.50% |
| Adrian, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,919 | 3.13% |
| NILES, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,425 | 2.63% |
| Tifton, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,319 | 3.05% |
| Lewistown, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,404 | 3.25% |
| New Castle, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,232 | 2.35% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,474 | 3.00% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,521 | 2.38% |
| Oil City, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,830 | 3.25% |
| DuBois, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,411 | 3.00% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,798 | 2.75% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,194 | 2.58% |
| Lock Haven, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,969 | 2.75% |
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.
Similarity Rank: 36
Similarity Rank: 159
Similarity Rank: 175
Similarity Rank: 182
Similarity Rank: 198
Similarity Rank: 212
Similarity Rank: 300
Similarity Rank: 304
Similarity Rank: 304
Similarity Rank: 410
Product Mix
For 2021, First Heritage Financial's most frequently originated type of loan was Conventional, with 639 originations. Their 2nd most popular type was FHA, with 225 originations.
Loan Reason
For 2021, First Heritage Financial's most frequently cited loan purpose was Home Purchase, with 608 originations. The 2nd most popular reason was Refi, with 169 originations.
Loan Duration/Length
For 2021, First Heritage Financial's most frequently cited loan duration was 30 Year, with 728 originations. The 2nd most popular length was 15 Year, with 107 originations.
Origination Fees/Closing Costs
First Heritage Financial's average total fees were $5,113, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 414 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 470 | $91,360,000 | $194,383 |
| 2.5-3% | 338 | $63,300,000 | $187,278 |
| <2.5% | 74 | $12,180,000 | $164,595 |
| 4-5% | 11 | $1,945,000 | $176,818 |
| 5-6% | 4 | $270,000 | $67,500 |
During 2021, First Heritage Financial's average interest rate for loans was 3.20%, while their most frequently originated rate bucket for loans was 3-4%, with 470 originations.
Loan Sizing
2021 saw First Heritage Financial place emphasis on $100k-200k loans with 446 originations, totaling $67,260,000 in origination value.
Applicant Income
First Heritage Financial lent most frequently to those with incomes in the $50k or less range, with 281 originations. The second most popular income band? $50k-75k, with 262 originations.
Applicant Debt to Income Ratio
First Heritage Financial lent most frequently to those with DTI ratios of 20-30%, with 175 originations. The next most common DTI ratio? 30-36%, with 169 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.51%
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 origination91.19%
First Heritage Financial has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 897 | $169,055,000 | $188,467 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST FINANCIAL BANCORP | Other type of mortgage | Trouble during payment process | 1 | 25.0% |
| FIRST FINANCIAL BANCORP | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 25.0% |
| FIRST FINANCIAL BANCORP | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |
| FIRST FINANCIAL BANCORP | Conventional home mortgage | Struggling to pay mortgage | 1 | 25.0% |