Texas Heritage National Bank Mortgage Rates, Fees & Info
DAINGERFIELD, TXLEI: 5493004KLDVVA608R237
Tax ID: 75-0456915
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Mortgage Data
Review & Overview
Texas Heritage National Bank is a smaller bank specializing in Home Purchase and Refi loans. Texas Heritage National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Sulphur Springs, Mount Pleasant, Waco, Texarkana, and Dallas among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Texas Heritage National Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
41Origination Dollar Volume (All Markets)
$7,455,000Top 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 |
|---|---|---|---|---|---|
| Sulphur Springs, TX (FHA|USDA|VA) | 18 | $4,170,000 | $231,667 | $0 | 0.00% |
| Outside of Metro Areas | 15 | $1,245,000 | $83,000 | $0 | 0.00% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Bonham, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $7,270,000 | $181,750 | $0 | 0.00% |
| VA | 1 | $185,000 | $185,000 | $0 | 0.00% |
For 2018, Texas Heritage National Bank's most frequently originated type of loan was Conventional, with 40 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 29 | $3,275,000 | $112,931 | $0 | 0.00% |
| Refi | 7 | $3,615,000 | $516,429 | $0 | 0.00% |
| Cash Out Refi | 5 | $565,000 | $113,000 | $0 | 0.00% |
For 2018, Texas Heritage National Bank's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 41 | $7,455,000 | $181,829 | $0 | 0.00% |
For 2018, Texas Heritage National Bank's most frequently cited loan duration was Other, with 41 originations.
Loan Sizing
2018 saw Texas Heritage National Bank place emphasis on $100,000 or less loans with 23 originations, totaling $1,465,000 in origination value.
Applicant Income
Texas Heritage National Bank lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $100k-150k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 41 | $7,455,000 | $181,829 | $0 | 0.00% |
Texas Heritage National Bank lent most frequently to those with DTI ratios of Exempt%, with 41 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.92%
Texas Heritage National 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 origination85.37%
Texas Heritage National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 41 | $7,455,000 | $181,829 |