Heritage Bank Of St Tammany Mortgage Rates, Fees & Info
Covington, LALEI: 549300EI8WIPSALARU71
Tax ID: 72-0308220
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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. Their top markets by origination volume include: New Orleans, Baton Rouge, Daphne, Hammond, and Gulfport among others. We have data for 10 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 a below average pick rate when compared to similar lenders.
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Originations
117Origination Dollar Volume (All Markets)
$36,995,000Top 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) | 93 | $32,025,000 | $344,355 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 7 | $775,000 | $110,714 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $0 | 0.00% |
| Bogalusa, LA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Picayune, MS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $190,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 117 | $36,995,000 | $316,197 | $0 | 0.00% |
For 2022, Heritage Bank Of St Tammany's most frequently originated type of loan was Conventional, with 117 originations.
Loan Reason
For 2022, Heritage Bank Of St Tammany's most frequently cited loan purpose was Home Purchase, with 71 originations. The 2nd most popular reason was Cash Out Refi, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 117 | $36,995,000 | $316,197 | $0 | 0.00% |
For 2022, Heritage Bank Of St Tammany's most frequently cited loan duration was Other, with 117 originations.
Loan Sizing
2022 saw Heritage Bank Of St Tammany place emphasis on $200k-400k loans with 35 originations, totaling $10,075,000 in origination value.
Applicant Income
Heritage Bank Of St Tammany lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $150k-250k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 117 | $36,995,000 | $316,197 | $0 | 0.00% |
Heritage Bank Of St Tammany lent most frequently to those with DTI ratios of Exempt%, with 117 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.06%
Heritage Bank Of St Tammany has an average approval rate.
Pick Rate
Approvals leading to origination85.47%
Heritage Bank Of St Tammany has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 117 | $36,995,000 | $316,197 |