Heartland Credit Union Mortgage Rates, Fees & Info

Hutchinson, KS

LEI: 549300CRPIDBSEMEY066

Tax ID: 48-0612011

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Heartland Credit Union is a smaller credit union specializing in Home Purchase, Refi, and Cash Out Refi loans. Heartland Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Wichita, Hutchinson, Kansas City, Mcpherson, and Salina among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Heartland Credit Union 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. Heartland Credit Union 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.13% 4/21/24
    30 Year Conventional Refi 6.74% 4/21/24
    30 Year Cash-out Refi 7.08% 4/21/24
    15 Year Conventional Purchase 6.08% 4/21/24
    15 Year Conventional Refi 6.38% 4/21/24
    15 Year Cash-out Refi 6.38% 4/21/24
    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.

    Heartland Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Heartland Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    879

    Origination Dollar Volume (All Markets)

    $127,415,000

    Awards

    HEARTLAND CREDIT UNION 30 Year Conventional Loans bronze HEARTLAND CREDIT UNION 30 Year Conventional Loans silver HEARTLAND CREDIT UNION 30 Year Conventional Loans gold
    Show all (3) awards

    Top 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
    WICHITA, KS (FHA|USDA|VA) 398 $65,380,000 $164,271 $2,152 3.31%
    Hutchinson, KS (FHA|USDA|VA) 351 $43,065,000 $122,692 $1,926 3.24%
    Outside of Metro Areas 48 $7,080,000 $147,500 $2,137 2.93%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 19 $3,325,000 $175,000 $2,054 2.95%
    McPherson, KS (FHA|USDA|VA) 19 $2,415,000 $127,105 $1,922 3.23%
    Salina, KS (FHA|USDA|VA) 6 $900,000 $150,000 $2,125 3.46%
    MANHATTAN, KS (FHA|USDA|VA) 4 $790,000 $197,500 $1,883 2.97%
    LAWRENCE, KS (FHA|USDA|VA) 4 $730,000 $182,500 $1,773 3.14%
    Hays, KS (FHA|USDA|VA) 3 $435,000 $145,000 $2,754 3.25%
    Winfield, KS (FHA|USDA|VA) 6 $420,000 $70,000 $2,043 4.21%
    Breckenridge, CO (FHA|USDA|VA) 1 $325,000 $325,000 $3,518 2.88%
    Dodge City, KS (FHA|USDA|VA) 4 $290,000 $72,500 $1,734 3.56%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $255,000 $255,000 $3,118 3.25%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $245,000 $245,000 $3,452 2.88%
    Coffeyville, KS (FHA|USDA|VA) 2 $240,000 $120,000 $7,248 4.06%
    TULSA, OK (FHA|USDA|VA) 1 $225,000 $225,000 $2,641 2.38%
    GREELEY, CO (FHA|USDA|VA) 1 $205,000 $205,000 $2,070 3.13%
    Garden City, KS (FHA|USDA|VA) 1 $185,000 $185,000 $1,423 2.88%
    TOPEKA, KS (FHA|USDA|VA) 2 $150,000 $75,000 $1,750 3.06%
    Great Bend, KS (FHA|USDA|VA) 1 $135,000 $135,000 $2,271 2.88%
    GRAND ISLAND, NE (FHA|USDA|VA) 1 $135,000 $135,000 $2,035 3.13%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $125,000 $125,000 $1,818 2.88%
    Parsons, KS (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.00%
    Bartlesville, OK (FHA|USDA|VA) 1 $85,000 $85,000 $2,236 3.00%
    Altus, OK (FHA|USDA|VA) 1 $85,000 $85,000 $2,398 2.75%
    Atchison, KS (FHA|USDA|VA) 1 $65,000 $65,000 $1,820 4.13%
    Heartland Credit Union's top markets include Wichita, Hutchinson, Kansas City, Mcpherson, and Salina among others.

    Their top states include:
  • Kansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against HEARTLAND CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    GOLDEN PLAINS
    Similarity Rank: 136
    SKYWARD
    Similarity Rank: 240
    Members Mortgage Services, L.L.C.
    Similarity Rank: 264
    PANHANDLE FEDERAL CREDIT UNION
    Similarity Rank: 264
    Central National Bank
    Similarity Rank: 363
    MID AMERICAN
    Similarity Rank: 500
    Wichita Federal Credit Union
    Similarity Rank: 553
    HOME BANK AND TRUST COMPANY
    Similarity Rank: 560
    Intrust Bank
    Similarity Rank: 946
    CREDIT UNION OF AMERICA
    Similarity Rank: 1054

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 878 $127,370,000 $145,068 $2,057 3.25%
    HELOC 1 $45,000 $45,000 n/a 5.00%

    For 2021, Heartland Credit Union's most frequently originated type of loan was Conventional, with 878 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 315 $47,385,000 $150,429 $2,168 3.44%
    Refi 310 $44,340,000 $143,032 $1,958 2.95%
    Cash Out Refi 187 $28,775,000 $153,877 $2,130 3.25%
    Other 50 $5,870,000 $117,400 $1,939 3.65%
    Home Improvement 17 $1,045,000 $61,471 $1,513 4.28%

    For 2021, Heartland Credit Union's most frequently cited loan purpose was Home Purchase, with 315 originations. The 2nd most popular reason was Refi, with 310 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 390 $61,320,000 $157,231 $2,190 3.31%
    15 Year 262 $30,580,000 $116,718 $1,912 3.10%
    20 Year 155 $27,115,000 $174,935 $2,026 3.23%
    10 Year 62 $6,380,000 $102,903 $1,753 3.37%
    1 Year 6 $1,830,000 $305,000 $3,526 5.08%
    Other 3 $115,000 $38,333 $1,570 4.75%
    5 Year 1 $75,000 $75,000 $1,522 2.50%

    For 2021, Heartland Credit Union's most frequently cited loan duration was 30 Year, with 390 originations. The 2nd most popular length was 15 Year, with 262 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 650 $90,730,000 $139,585
    $1k-2k 155 $22,285,000 $143,774
    $2k-3k 14 $2,380,000 $170,000
    $3k-4k 4 $1,030,000 $257,500
    $4k-5k 3 $775,000 $258,333
    $5k+ 2 $500,000 $250,000

    Heartland Credit Union's average total fees were $2,190, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 650 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 367 $50,625,000 $137,943
    2.5-3% 359 $55,225,000 $153,830
    4-5% 66 $9,100,000 $137,879
    <2.5% 61 $10,095,000 $165,492
    5-6% 23 $2,305,000 $100,217
    6-7% 2 $40,000 $20,000
    Over 8% 1 $25,000 $25,000

    During 2021, Heartland Credit Union's average interest rate for loans was 3.31%, while their most frequently originated rate bucket for loans was 3-4%, with 367 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 394 $56,820,000 $144,213 $2,062 3.12%
    $100,000 or less 316 $20,870,000 $66,044 $1,806 3.50%
    $200k-400k 155 $39,945,000 $257,710 $2,482 3.08%
    $400k-600k 8 $3,780,000 $472,500 $2,629 3.17%
    $600k-1MM 4 $2,840,000 $710,000 $3,293 3.56%
    $1MM+ 2 $3,160,000 $1,580,000 $0 4.13%

    2021 saw Heartland Credit Union place emphasis on $100k-200k loans with 394 originations, totaling $56,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 212 $25,590,000 $120,708 $2,003 3.15%
    $50k or less 187 $16,585,000 $88,690 $1,908 3.27%
    $100k-150k 180 $31,260,000 $173,667 $2,165 3.13%
    $75k-100k 170 $24,710,000 $145,353 $2,031 3.19%
    $150k-250k 68 $14,790,000 $217,500 $2,304 3.24%
    $250k+ 16 $5,540,000 $346,250 $2,577 3.01%

    Heartland Credit Union lent most frequently to those with incomes in the $50k-75k range, with 212 originations. The second most popular income band? $50k or less, with 187 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 230 $30,920,000 $134,435 $2,023 3.20%
    30-36% 178 $26,030,000 $146,236 $2,046 3.19%
    <20% 89 $12,895,000 $144,888 $1,970 3.01%
    41% 34 $5,050,000 $148,529 $2,013 3.12%
    43% 33 $4,515,000 $136,818 $2,127 3.23%
    40% 32 $3,910,000 $122,188 $1,966 3.14%
    36% 31 $4,005,000 $129,194 $2,336 3.31%
    42% 28 $3,890,000 $138,929 $2,271 3.25%
    44% 27 $4,255,000 $157,593 $2,057 3.03%
    38% 26 $3,430,000 $131,923 $2,083 3.18%
    39% 25 $4,205,000 $168,200 $2,084 3.13%
    37% 21 $3,725,000 $177,381 $2,509 3.14%
    47% 17 $2,125,000 $125,000 $1,877 3.43%
    48% 17 $3,255,000 $191,471 $1,925 2.95%
    45% 16 $2,000,000 $125,000 $2,040 3.28%
    49% 14 $2,330,000 $166,429 $2,050 3.18%
    46% 6 $710,000 $118,333 $1,998 3.23%
    50-60% 4 $630,000 $157,500 $2,117 3.41%
    >60% 1 $135,000 $135,000 $1,885 3.13%

    Heartland Credit Union lent most frequently to those with DTI ratios of 20-30%, with 230 originations. The next most common DTI ratio? 30-36%, with 178 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 606 $88,380,000 $145,842 $2,065 3.19%
    Not provided 222 $29,270,000 $131,847 $2,030 3.18%
    Not applicable 40 $8,030,000 $200,750 $0 4.59%
    Black 8 $1,190,000 $148,750 $2,098 3.39%
    Asian 2 $480,000 $240,000 $2,494 3.88%
    Other Asian 1 $65,000 $65,000 $2,045 2.75%

    Approval Rates

    Total approvals of all applications
    90.61%

    Heartland Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    65.87%

    Heartland Credit Union 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 879 $127,415,000 $144,954

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    879 $127,415,000 $144,954

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 31 $2,115,000 $68,226 $1,725 3.46%
    40-60% 118 $14,710,000 $124,661 $1,877 2.97%
    60-80% 399 $62,645,000 $157,005 $2,085 3.27%
    80-100% 315 $47,005,000 $149,222 $2,162 3.25%
    Under 20% 16 $940,000 $58,750 $1,321 4.82%