Heritage Community Bank Mortgage Rates, Fees & Info
Chamois, MOLEI: 5493004Z2SGQGCU5RB44
Tax ID: 43-0560840
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Heritage Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Heritage Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Daphne, Sedalia, Farmington, and Jefferson City among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Heritage Community 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
182Origination Dollar Volume (All Markets)
$35,130,000Top 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 156 | $29,560,000 | $189,487 | $0 | 0.00% |
| Outside of Metro Areas | 12 | $1,720,000 | $143,333 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $1,570,000 | $785,000 | $0 | 0.00% |
| Sedalia, MO (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $0 | 0.00% |
| Farmington, MO (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $0 | 0.00% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 6 | $350,000 | $58,333 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 182 | $35,130,000 | $193,022 | $0 | 0.00% |
For 2022, Heritage Community Bank's most frequently originated type of loan was Conventional, with 182 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 136 | $25,080,000 | $184,412 | $0 | 0.00% |
| Refi | 45 | $9,715,000 | $215,889 | $0 | 0.00% |
| Cash Out Refi | 1 | $335,000 | $335,000 | $0 | 0.00% |
For 2022, Heritage Community Bank's most frequently cited loan purpose was Home Purchase, with 136 originations. The 2nd most popular reason was Refi, with 45 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 182 | $35,130,000 | $193,022 | $0 | 0.00% |
For 2022, Heritage Community Bank's most frequently cited loan duration was Other, with 182 originations.
Loan Sizing
2022 saw Heritage Community Bank place emphasis on $100k-200k loans with 72 originations, totaling $10,780,000 in origination value.
Applicant Income
Heritage Community Bank lent most frequently to those with incomes in the $50k or less range, with 38 originations. The second most popular income band? $100k-150k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 182 | $35,130,000 | $193,022 | $0 | 0.00% |
Heritage Community Bank lent most frequently to those with DTI ratios of Exempt%, with 182 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Heritage Community 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 origination99.45%
Heritage Community Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 182 | $35,130,000 | $193,022 |