Heartland National Bank Mortgage Rates, Fees & Info
Sebring, FLLEI: 5493008CIXOTKUFPFW43
Tax ID: 59-3584666
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Heartland National Bank is a smaller bank specializing in Home Purchase loans. Heartland National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Sebring, Lakeland, Tallahassee, North Port, and Wauchula among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Heartland National Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
136Origination Dollar Volume (All Markets)
$26,870,000Top 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 |
|---|---|---|---|---|---|
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 123 | $22,815,000 | $185,488 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $1,470,000 | $367,500 | $0 | 0.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
| Wauchula, FL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 136 | $26,870,000 | $197,574 | $0 | 0.00% |
For 2022, Heartland National Bank's most frequently originated type of loan was Conventional, with 136 originations.
Loan Reason
For 2022, Heartland National Bank's most frequently cited loan purpose was Home Purchase, with 91 originations. The 2nd most popular reason was Cash Out Refi, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 136 | $26,870,000 | $197,574 | $0 | 0.00% |
For 2022, Heartland National Bank's most frequently cited loan duration was Other, with 136 originations.
Loan Sizing
2022 saw Heartland National Bank place emphasis on $200k-400k loans with 44 originations, totaling $11,920,000 in origination value.
Applicant Income
Heartland National Bank lent most frequently to those with incomes in the $50k-75k range, with 25 originations. The second most popular income band? $50k or less, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 136 | $26,870,000 | $197,574 | $0 | 0.00% |
Heartland National Bank lent most frequently to those with DTI ratios of Exempt%, with 136 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.56%
Heartland National Bank has a below average approval rate.
Pick Rate
Approvals leading to origination65.44%
Heartland National Bank 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 |
|---|---|---|---|
| Exempt | 136 | $26,870,000 | $197,574 |