Heritage First Bank Mortgage Rates, Fees & Info
Rome, GALEI: 5493003JEKV2BPJGMV40
Tax ID: 61-0126228
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Mortgage Data
Review & Overview
Heritage First Bank is a smaller bank specializing in Refi and Home Purchase loans. Heritage First Bank has a high proportion of conventional loans. Their top markets by origination volume include: Rome, Atlanta, Summerville, Daphne, and Crestview among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Heritage First Bank 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.
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Originations
75Origination Dollar Volume (All Markets)
$9,725,000Top 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 |
---|---|---|---|---|---|
ROME, GA (FHA|USDA|VA) | 58 | $6,010,000 | $103,621 | $0 | 0.00% |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $1,105,000 | $221,000 | $0 | 0.00% |
Summerville, GA (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $0 | 0.00% |
Outside of Metro Areas | 3 | $595,000 | $198,333 | $0 | 0.00% |
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
Cedartown, GA (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $0 | 0.00% |
Calhoun, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 75 | $9,725,000 | $129,667 | $0 | 0.00% |
For 2018, Heritage First Bank's most frequently originated type of loan was Conventional, with 75 originations.
Loan Reason
Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Refi | 37 | $5,455,000 | $147,432 | $0 | 0.00% |
Home Purchase | 34 | $4,110,000 | $120,882 | $0 | 0.00% |
Home Improvement | 4 | $160,000 | $40,000 | $0 | 0.00% |
For 2018, Heritage First Bank's most frequently cited loan purpose was Refi, with 37 originations. The 2nd most popular reason was Home Purchase, with 34 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 75 | $9,725,000 | $129,667 | $0 | 0.00% |
For 2018, Heritage First Bank's most frequently cited loan duration was Other, with 75 originations.
Loan Sizing
2018 saw Heritage First Bank place emphasis on $100,000 or less loans with 47 originations, totaling $2,275,000 in origination value.
Applicant Income
Heritage First Bank lent most frequently to those with incomes in the $50k or less range, with 16 originations. The second most popular income band? $100k-150k, with 13 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 75 | $9,725,000 | $129,667 | $0 | 0.00% |
Heritage First Bank lent most frequently to those with DTI ratios of Exempt%, with 75 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.56%
Heritage First Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination93.33%
Heritage First Bank has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 75 | $9,725,000 | $129,667 |