First Heritage Bank Mortgage Rates, Fees & Info
CENTRALIA, KSLEI: 5493006ZMPVXXUIKYH60
Tax ID: 48-0221210
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Heritage Bank is a smaller bank specializing in Refi and Home Purchase loans. First Heritage Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Kansas City, Manhattan, and Topeka among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)First Heritage 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
59Origination Dollar Volume (All Markets)
$6,945,000Top 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 | 43 | $4,325,000 | $100,581 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 8 | $1,890,000 | $236,250 | $0 | 0.00% |
| MANHATTAN, KS (FHA|USDA|VA) | 6 | $480,000 | $80,000 | $0 | 0.00% |
| TOPEKA, KS (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 58 | $6,880,000 | $118,621 | $0 | 0.00% |
| USDA | 1 | $65,000 | $65,000 | $0 | 0.00% |
For 2019, First Heritage Bank's most frequently originated type of loan was Conventional, with 58 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2019, First Heritage Bank's most frequently cited loan purpose was Refi, with 29 originations. The 2nd most popular reason was Home Purchase, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 59 | $6,945,000 | $117,712 | $0 | 0.00% |
For 2019, First Heritage Bank's most frequently cited loan duration was Other, with 59 originations.
Loan Sizing
2019 saw First Heritage Bank place emphasis on $100,000 or less loans with 33 originations, totaling $1,305,000 in origination value.
Applicant Income
First Heritage Bank lent most frequently to those with incomes in the $50k or less range, with 13 originations. The second most popular income band? $75k-100k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 59 | $6,945,000 | $117,712 | $0 | 0.00% |
First Heritage Bank lent most frequently to those with DTI ratios of Exempt%, with 59 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.42%
First Heritage Bank has an average approval rate.
Pick Rate
Approvals leading to origination96.61%
First Heritage 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 | 59 | $6,945,000 | $117,712 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $35,000 | $35,000 |
| Single Family (1-4 Units):Site-Built | 58 | $6,910,000 | $119,138 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 6.7% |
| FIRST HORIZON BANK | VA mortgage | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 4 | 26.7% |
| FIRST HORIZON BANK | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 2 | 13.3% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 3 | 20.0% |