Heritage Bank Of St Tammany Mortgage Rates, Fees & Info
Covington, LALEI: 549300EI8WIPSALARU71
Tax ID: 72-0308220
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Mortgage Data
Review & Overview
Heritage Bank Of St Tammany is a smaller bank specializing in Home Purchase loans. Heritage Bank Of St Tammany has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: New Orleans, Bogalusa, Hammond, Jackson, and Gulfport among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Heritage Bank Of St Tammany 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
63Origination Dollar Volume (All Markets)
$15,655,000Top 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 |
|---|---|---|---|---|---|
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 51 | $13,865,000 | $271,863 | $0 | 0.00% |
| Bogalusa, LA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 0.00% |
| Picayune, MS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 62 | $15,400,000 | $248,387 | $0 | 0.00% |
| USDA | 1 | $255,000 | $255,000 | $0 | 0.00% |
For 2023, Heritage Bank Of St Tammany's most frequently originated type of loan was Conventional, with 62 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2023, Heritage Bank Of St Tammany's most frequently cited loan purpose was Home Purchase, with 36 originations. The 2nd most popular reason was Other, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 63 | $15,655,000 | $248,492 | $0 | 0.00% |
For 2023, Heritage Bank Of St Tammany's most frequently cited loan duration was Other, with 63 originations.
Loan Sizing
2023 saw Heritage Bank Of St Tammany place emphasis on $100,000 or less loans with 22 originations, totaling $1,170,000 in origination value.
Applicant Income
Heritage Bank Of St Tammany lent most frequently to those with incomes in the $50k-75k range, with 14 originations. The second most popular income band? $50k or less, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 63 | $15,655,000 | $248,492 | $0 | 0.00% |
Heritage Bank Of St Tammany lent most frequently to those with DTI ratios of Exempt%, with 63 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.03%
Heritage Bank Of St Tammany has an average approval rate.
Pick Rate
Approvals leading to origination90.48%
Heritage Bank Of St Tammany has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 63 | $15,655,000 | $248,492 |