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 loans. Texas Heritage National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Sulphur Springs, Longview, North Port, and Jacksonville among others. We have data for 8 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 an above average pick rate when compared to similar lenders.
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Originations
32Origination Dollar Volume (All Markets)
$5,220,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 13 | $1,385,000 | $106,538 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $0 | 0.00% |
| Sulphur Springs, TX (FHA|USDA|VA) | 10 | $920,000 | $92,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Paris, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 32 | $5,220,000 | $163,125 | $0 | 0.00% |
For 2019, Texas Heritage National Bank's most frequently originated type of loan was Conventional, with 32 originations.
Loan Reason
For 2019, Texas Heritage National Bank's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 32 | $5,220,000 | $163,125 | $0 | 0.00% |
For 2019, Texas Heritage National Bank's most frequently cited loan duration was Other, with 32 originations.
Loan Sizing
2019 saw Texas Heritage National Bank place emphasis on $100,000 or less loans with 15 originations, totaling $805,000 in origination value.
Applicant Income
Texas Heritage National Bank lent most frequently to those with incomes in the $50k-75k range, with 7 originations. The second most popular income band? $100k-150k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 32 | $5,220,000 | $163,125 | $0 | 0.00% |
Texas Heritage National Bank lent most frequently to those with DTI ratios of Exempt%, with 32 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 26 | $4,270,000 | $164,231 | $0 | 0.00% |
| Not applicable | 6 | $950,000 | $158,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
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 origination90.63%
Texas Heritage National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 32 | $5,220,000 | $163,125 |