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 Refi and Home Purchase loans. Kbr Heritage has a high proportion of conventional loans. Their top (well, only) market is Houston.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 an average 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% | 4/28/24 |
| 30 Year Conventional Refi | 6.50% | 4/28/24 |
| 30 Year Cash-out Refi | 6.60% | 4/28/24 |
| 15 Year Conventional Purchase | 5.78% | 4/28/24 |
| 15 Year Conventional Refi | 6.16% | 4/28/24 |
| 15 Year Cash-out Refi | 6.16% | 4/28/24 |
| 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
12Origination Dollar Volume (All Markets)
$3,060,000Top 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) | 11 | $2,725,000 | $247,727 | $4,426 | 3.13% |
| Outside of Metro Areas | 1 | $335,000 | $335,000 | $4,521 | 2.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 12 | $3,060,000 | $255,000 | $4,434 | 3.09% |
For 2021, Kbr Heritage's most frequently originated type of loan was Conventional, with 12 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 9 | $2,005,000 | $222,778 | $4,347 | 3.15% |
| Home Purchase | 3 | $1,055,000 | $351,667 | $4,695 | 2.92% |
For 2021, Kbr Heritage's most frequently cited loan purpose was Refi, with 9 originations. The 2nd most popular reason was Home Purchase, with 3 originations.
Loan Duration/Length
For 2021, Kbr Heritage's most frequently cited loan duration was 15 Year, with 6 originations. The 2nd most popular length was 30 Year, with 4 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 10 | $2,570,000 | $257,000 |
| $3k-4k | 1 | $115,000 | $115,000 |
| $4k-5k | 1 | $375,000 | $375,000 |
Kbr Heritage's average total fees were $5,316, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 10 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 6 | $1,560,000 | $260,000 |
| 3-4% | 4 | $1,290,000 | $322,500 |
| <2.5% | 1 | $115,000 | $115,000 |
| 4-5% | 1 | $95,000 | $95,000 |
During 2021, Kbr Heritage's average interest rate for loans was 3.41%, while their most frequently originated rate bucket for loans was 2.5-3%, with 6 originations.
Loan Sizing
2021 saw Kbr Heritage place emphasis on $200k-400k loans with 7 originations, totaling $2,135,000 in origination value.
Applicant Income
Kbr Heritage lent most frequently to those with incomes in the $75k-100k range, with 5 originations. The second most popular income band? $150k-250k, with 4 originations.
Applicant Debt to Income Ratio
Kbr Heritage lent most frequently to those with DTI ratios of 20-30%, with 4 originations. The next most common DTI ratio? 30-36%, with 2 originations.
Ethnicity Mix
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 origination58.33%
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 | 12 | $3,060,000 | $255,000 |