Kbr Heritage Mortgage Rates, Fees & Info
HOUSTON, TXLEI: 5493006CXHXIFN8Q4S89
Tax ID: 22-1579866
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Mortgage Data
Review & Overview
Kbr Heritage is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Kbr Heritage has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Granbury, and Macomb among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Kbr Heritage 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. Kbr Heritage is typically a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.96% | 11/23/24 |
| 30 Year Conventional Refi | 6.50% | 11/23/24 |
| 30 Year Cash-out Refi | 6.60% | 11/23/24 |
| 15 Year Conventional Purchase | 5.78% | 11/23/24 |
| 15 Year Conventional Refi | 6.16% | 11/23/24 |
| 15 Year Cash-out Refi | 6.16% | 11/23/24 |
| 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. | ||
Kbr Heritage Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
6Origination Dollar Volume (All Markets)
$1,380,000Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $3,842 | 4.00% |
| Granbury, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,381 | 3.88% |
| Macomb, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,399 | 5.13% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 6 | $1,380,000 | $230,000 | $3,861 | 4.17% |
For 2019, Kbr Heritage's most frequently originated type of loan was Conventional, with 6 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 3 | $985,000 | $328,333 | $4,090 | 4.50% |
| Cash Out Refi | 3 | $395,000 | $131,667 | $3,517 | 3.83% |
For 2019, Kbr Heritage's most frequently cited loan purpose was Home Purchase, with 3 originations. The 2nd most popular reason was Cash Out Refi, with 3 originations.
Loan Duration/Length
For 2019, Kbr Heritage's most frequently cited loan duration was 30 Year, with 3 originations. The 2nd most popular length was 10 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 3 | $925,000 | $308,333 |
| $<1k | 1 | $245,000 | $245,000 |
| $3k-4k | 1 | $95,000 | $95,000 |
Kbr Heritage's average total fees were $4,090, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 3 | $925,000 | $308,333 |
| 4-5% | 2 | $360,000 | $180,000 |
| 5-6% | 1 | $95,000 | $95,000 |
During 2019, Kbr Heritage's average interest rate for loans was 4.50%, while their most frequently originated rate bucket for loans was 3-4%, with 3 originations.
Loan Sizing
2019 saw Kbr Heritage place emphasis on $100k-200k loans with 3 originations, totaling $395,000 in origination value.
Applicant Income
Kbr Heritage lent most frequently to those with incomes in the $150k-250k range, with 3 originations. The second most popular income band? $100k-150k, with 2 originations.
Applicant Debt to Income Ratio
Kbr Heritage lent most frequently to those with DTI ratios of <20%, with 2 originations. The next most common DTI ratio? 30-36%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 4 | $970,000 | $242,500 | $4,835 | 4.34% |
| Not provided | 2 | $410,000 | $205,000 | $2,400 | 3.81% |
Approval Rates
Total approvals of all applications100.00%
Kbr Heritage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination66.67%
Kbr Heritage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 6 | $1,380,000 | $230,000 |