First Heritage Mortgage Rates, Fees & Info

RESTON, VA

LEI: 549300EM8ID8J7F8OM55

Tax ID: 54-1822464

4.1 stars - out of 5 stars, based on 94 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    First Heritage Mortgage is a mid-sized mortgage company specializing in Home Purchase and Refi loans. First Heritage Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Charlottesville, Raleigh, Richmond, and Baltimore among others. We have data for 100 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Heritage Mortgage 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. First Heritage Mortgage is typically an average 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.51% 1/29/23
    30 Year Conventional Refi 6.41% 1/29/23
    30 Year Cash-out Refi 6.62% 1/29/23
    30 Year FHA Purchase 7.36% 1/29/23
    30 Year FHA Refi 6.99% 1/29/23
    30 Year VA Purchase 6.25% 1/29/23
    30 Year VA Refi 5.91% 1/29/23
    30 Year USDA Purchase 6.60% 1/29/23
    30 Year USDA Refi 6.34% 1/29/23
    15 Year Conventional Purchase 5.97% 1/29/23
    15 Year Conventional Refi 5.95% 1/29/23
    15 Year Cash-out Refi 5.95% 1/29/23
    15 Year VA Purchase 5.94% 1/29/23
    15 Year VA Refi 5.79% 1/29/23
    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.


    Originations

    8,915

    Origination Dollar Volume (All Markets)

    $3,482,095,000
    Show all (5) awards

    Relative Rate

    First Heritage Mortgage's average 30 year fixed mortgage rate was 2.99%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.16%.

    Relative Fees (Closing Costs)

    First Heritage Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $6,089.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4,505 $2,045,125,000 $453,968 $6,720 2.92%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 663 $264,755,000 $399,329 $5,036 2.94%
    RALEIGH-CARY, NC (FHA|USDA|VA) 615 $203,745,000 $331,293 $4,158 2.96%
    RICHMOND, VA (FHA|USDA|VA) 413 $124,605,000 $301,707 $4,620 3.06%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 308 $120,230,000 $390,357 $6,309 3.04%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 275 $95,985,000 $349,036 $4,127 2.94%
    Outside of Metro Areas 233 $72,725,000 $312,124 $5,406 2.97%
    COLUMBIA, SC (FHA|USDA|VA) 262 $64,150,000 $244,847 $5,508 2.87%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 161 $51,485,000 $319,783 $4,198 2.94%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 192 $47,670,000 $248,281 $4,104 3.00%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 121 $43,215,000 $357,149 $7,039 2.87%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 116 $41,860,000 $360,862 $5,235 2.94%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 114 $40,560,000 $355,789 $6,014 2.91%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 100 $29,860,000 $298,600 $4,812 3.04%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 111 $23,245,000 $209,414 $5,015 2.97%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 95 $22,545,000 $237,316 $6,726 2.97%
    SPARTANBURG, SC (FHA|USDA|VA) 96 $20,410,000 $212,604 $5,348 3.05%
    WINCHESTER, VA-WV (FHA|USDA|VA) 43 $14,835,000 $345,000 $5,335 3.09%
    ROANOKE, VA (FHA|USDA|VA) 38 $11,240,000 $295,789 $4,495 2.95%
    SALISBURY, MD-DE (FHA|USDA|VA) 34 $11,040,000 $324,706 $4,355 2.95%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 30 $9,690,000 $323,000 $4,510 3.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 18 $7,880,000 $437,778 $5,270 3.05%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 18 $6,990,000 $388,333 $4,468 2.93%
    WILMINGTON, NC (FHA|USDA|VA) 20 $6,570,000 $328,500 $4,785 3.05%
    STAUNTON, VA (FHA|USDA|VA) 24 $5,840,000 $243,333 $4,493 2.89%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 18 $5,360,000 $297,778 $7,014 3.06%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 11 $5,225,000 $475,000 $10,366 3.18%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 26 $4,870,000 $187,308 $5,003 3.27%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 12 $4,480,000 $373,333 $5,209 3.02%
    Kill Devil Hills, NC (FHA|USDA|VA) 10 $4,320,000 $432,000 $5,564 3.02%
    FAYETTEVILLE, NC (FHA|USDA|VA) 18 $4,240,000 $235,556 $5,996 3.03%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $3,970,000 $1,985,000 $9,525 3.38%
    JACKSONVILLE, NC (FHA|USDA|VA) 9 $3,445,000 $382,778 $5,950 3.18%
    Morehead City, NC (FHA|USDA|VA) 10 $3,310,000 $331,000 $3,504 3.06%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 17 $2,905,000 $170,882 $3,767 3.04%
    BURLINGTON, NC (FHA|USDA|VA) 9 $2,505,000 $278,333 $5,252 3.11%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $2,465,000 $2,465,000 $7,304 3.13%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 8 $2,360,000 $295,000 $5,531 2.83%
    LYNCHBURG, VA (FHA|USDA|VA) 9 $2,225,000 $247,222 $4,787 3.18%
    Boone, NC (FHA|USDA|VA) 6 $1,980,000 $330,000 $5,221 3.46%
    YORK-HANOVER, PA (FHA|USDA|VA) 7 $1,895,000 $270,714 $6,197 3.12%
    GAINESVILLE, GA (FHA|USDA|VA) 7 $1,885,000 $269,286 $3,803 3.19%
    WINSTON-SALEM, NC (FHA|USDA|VA) 5 $1,855,000 $371,000 $4,553 3.22%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $1,705,000 $568,333 $5,612 2.83%
    NEW BERN, NC (FHA|USDA|VA) 5 $1,645,000 $329,000 $2,676 2.87%
    ASHEVILLE, NC (FHA|USDA|VA) 5 $1,535,000 $307,000 $4,401 2.83%
    Union, SC (FHA|USDA|VA) 1 $1,515,000 $1,515,000 $4,607 2.50%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $1,495,000 $498,333 $9,221 2.54%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $1,485,000 $495,000 $4,057 2.83%
    HARRISONBURG, VA (FHA|USDA|VA) 6 $1,410,000 $235,000 $4,144 3.10%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $1,340,000 $670,000 $4,234 2.75%
    GETTYSBURG, PA (FHA|USDA|VA) 6 $1,300,000 $216,667 $4,599 3.02%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $1,235,000 $411,667 $4,423 2.91%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 4 $1,210,000 $302,500 $8,564 2.81%
    VALDOSTA, GA (FHA|USDA|VA) 5 $1,195,000 $239,000 $6,157 2.78%
    Sanford, NC (FHA|USDA|VA) 6 $1,180,000 $196,667 $6,465 3.14%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $1,145,000 $381,667 $5,291 2.67%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $1,045,000 $348,333 $4,493 3.13%
    ROCKY MOUNT, NC (FHA|USDA|VA) 4 $940,000 $235,000 $5,422 2.84%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $745,000 $248,333 $5,115 2.94%
    Henderson, NC (FHA|USDA|VA) 2 $730,000 $365,000 $6,688 2.75%
    Easton, MD (FHA|USDA|VA) 1 $705,000 $705,000 $5,286 3.00%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $650,000 $325,000 $3,303 2.69%
    Roanoke Rapids, NC (FHA|USDA|VA) 2 $630,000 $315,000 $3,546 3.25%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 2 $610,000 $305,000 $16,313 3.19%
    Danville, VA (FHA|USDA|VA) 4 $590,000 $147,500 $4,445 2.75%
    Wilson, NC (FHA|USDA|VA) 2 $570,000 $285,000 $4,188 2.81%
    Key West, FL (FHA|USDA|VA) 1 $555,000 $555,000 $5,525 3.25%
    Georgetown, SC (FHA|USDA|VA) 3 $555,000 $185,000 $3,537 2.25%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $545,000 $545,000 $10,763 3.13%
    MORGANTOWN, WV (FHA|USDA|VA) 2 $520,000 $260,000 $3,808 2.56%
    PITTSBURGH, PA (FHA|USDA|VA) 2 $500,000 $250,000 $3,734 2.88%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $475,000 $158,333 $4,049 2.96%
    GOLDSBORO, NC (FHA|USDA|VA) 3 $455,000 $151,667 $4,938 3.16%
    Bluefield, WV-VA (FHA|USDA|VA) 2 $450,000 $225,000 $2,844 2.81%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 3 $425,000 $141,667 $4,103 3.24%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $415,000 $415,000 $4,850 3.13%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $375,000 $375,000 $4,070 2.88%
    Calhoun, GA (FHA|USDA|VA) 1 $355,000 $355,000 $3,624 3.13%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $335,000 $335,000 $5,632 3.00%
    SUMTER, SC (FHA|USDA|VA) 1 $315,000 $315,000 $5,845 2.88%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $300,000 $150,000 $3,847 3.19%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $285,000 $285,000 $2,858 3.25%
    Jefferson, GA (FHA|USDA|VA) 1 $285,000 $285,000 $3,118 3.13%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $275,000 $275,000 $3,538 3.13%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $275,000 $275,000 $4,045 2.98%
    SAVANNAH, GA (FHA|USDA|VA) 1 $225,000 $225,000 $3,521 3.13%
    HINESVILLE, GA (FHA|USDA|VA) 1 $225,000 $225,000 $8,823 3.25%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $205,000 $205,000 $3,854 3.38%
    Indiana, PA (FHA|USDA|VA) 1 $195,000 $195,000 $5,630 3.13%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $185,000 $185,000 $4,105 2.98%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $165,000 $165,000 $6,854 2.75%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $165,000 $165,000 $6,517 3.17%
    Elizabeth City, NC (FHA|USDA|VA) 1 $165,000 $165,000 $2,673 2.75%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $155,000 $155,000 $2,968 3.25%
    Statesboro, GA (FHA|USDA|VA) 1 $155,000 $155,000 $2,533 3.13%
    Cambridge, MD (FHA|USDA|VA) 1 $135,000 $135,000 $5,259 2.88%
    Huntingdon, PA (FHA|USDA|VA) 1 $95,000 $95,000 $4,937 2.63%
    Newberry, SC (FHA|USDA|VA) 1 $85,000 $85,000 $2,884 3.13%
    Douglas, GA (FHA|USDA|VA) 1 $85,000 $85,000 $3,182 3.63%
    First Heritage Mortgage's top markets include Washington, Charlottesville, Raleigh, Richmond, and Baltimore among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Similar Lenders

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

    CENTRAL VIRGINIA
    Similarity Rank: 111
    PARK VIEW FEDERAL CREDIT UNION
    Similarity Rank: 245
    DUPONT COMMUNITY
    Similarity Rank: 294
    S. C. STATE FEDERAL CREDIT UNION
    Similarity Rank: 323
    HENRICO Federal Credit Union
    Similarity Rank: 420
    Piedmont Federal Savings Bank
    Similarity Rank: 442
    CAROLINA FOOTHILLS
    Similarity Rank: 484
    ABNB Federal Credit Union
    Similarity Rank: 544
    Cedar Point Federal Credit Union
    Similarity Rank: 546

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 6,986 $2,688,140,000 $384,790 $4,741 2.98%
    VA 1,017 $491,255,000 $483,043 $9,865 2.69%
    FHA 763 $263,025,000 $344,725 $10,666 2.99%
    USDA 149 $39,675,000 $266,275 $6,829 2.77%

    For 2021, First Heritage Mortgage's most frequently originated type of loan was Conventional, with 6,986 originations. Their 2nd most popular type was VA, with 1,017 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 6,338 $2,518,630,000 $397,386 $6,555 2.98%
    Refi 1,896 $705,950,000 $372,336 $4,034 2.78%
    Cash Out Refi 672 $255,120,000 $379,643 $4,826 3.06%
    Home Improvement 9 $2,395,000 $266,111 $4,761 3.29%

    For 2021, First Heritage Mortgage's most frequently cited loan purpose was Home Purchase, with 6,338 originations. The 2nd most popular reason was Refi, with 1,896 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 8,112 $3,227,870,000 $397,913 $6,089 2.99%
    15 Year 597 $187,325,000 $313,777 $3,782 2.48%
    20 Year 140 $46,430,000 $331,643 $3,567 2.70%
    10 Year 34 $6,340,000 $186,471 $2,393 1.55%
    Other 20 $7,230,000 $361,500 $3,922 2.88%
    30+ year 11 $6,475,000 $588,636 $6,615 2.85%
    1 Year 1 $425,000 $425,000 $0 5.99%

    For 2021, First Heritage Mortgage's most frequently cited loan duration was 30 Year, with 8,112 originations. The 2nd most popular length was 15 Year, with 597 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 6,224 $2,350,530,000 $377,656
    $2k-3k 789 $298,955,000 $378,904
    $5k+ 593 $370,065,000 $624,056
    $<1k 540 $130,070,000 $240,870
    $3k-4k 450 $190,820,000 $424,044
    $4k-5k 310 $139,850,000 $451,129

    First Heritage Mortgage's average total fees were $6,089, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 6,224 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 4,460 $1,835,280,000 $411,498
    3-4% 3,200 $1,160,240,000 $362,575
    <2.5% 1,224 $476,940,000 $389,657
    4-5% 25 $7,255,000 $290,200
    5-6% 6 $2,380,000 $396,667

    During 2021, First Heritage Mortgage's average interest rate for loans was 2.99%, while their most frequently originated rate bucket for loans was 2.5-3%, with 4,460 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,234 $1,269,420,000 $299,816 $5,135 2.96%
    $400k-600k 2,441 $1,181,425,000 $483,992 $6,601 2.91%
    $100k-200k 932 $151,230,000 $162,264 $3,900 3.03%
    $600k-1MM 931 $674,705,000 $724,710 $9,614 2.93%
    $100,000 or less 225 $8,565,000 $38,067 $1,422 2.92%
    $1MM+ 152 $196,750,000 $1,294,408 $11,678 2.86%

    2021 saw First Heritage Mortgage place emphasis on $200k-400k loans with 4,234 originations, totaling $1,269,420,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2,317 $916,625,000 $395,609 $6,099 2.98%
    $150k-250k 2,005 $949,545,000 $473,589 $6,169 2.95%
    $75k-100k 1,551 $509,885,000 $328,746 $5,840 2.95%
    $50k-75k 1,410 $365,040,000 $258,894 $5,357 2.96%
    $250k+ 846 $528,990,000 $625,284 $6,825 2.94%
    $50k or less 517 $96,065,000 $185,812 $4,442 2.95%

    First Heritage Mortgage lent most frequently to those with incomes in the $100k-150k range, with 2,317 originations. The second most popular income band? $150k-250k, with 2,005 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,957 $750,375,000 $383,431 $5,063 2.92%
    30-36% 1,735 $676,815,000 $390,095 $5,687 2.98%
    <20% 730 $257,470,000 $352,699 $4,328 2.87%
    43% 361 $134,595,000 $372,839 $6,082 3.04%
    44% 350 $133,910,000 $382,600 $6,898 3.00%
    42% 339 $135,495,000 $399,690 $6,195 3.00%
    41% 338 $136,400,000 $403,550 $6,280 3.02%
    38% 323 $129,195,000 $399,985 $5,729 2.98%
    37% 317 $123,015,000 $388,060 $5,704 3.00%
    40% 313 $132,665,000 $423,850 $6,344 3.00%
    50-60% 312 $130,340,000 $417,756 $11,104 2.91%
    39% 310 $121,770,000 $392,806 $6,020 2.98%
    36% 292 $115,370,000 $395,103 $5,850 3.02%
    49% 221 $85,275,000 $385,860 $6,396 2.95%
    46% 211 $90,995,000 $431,256 $6,928 2.93%
    45% 199 $78,645,000 $395,201 $6,358 2.94%
    48% 195 $74,885,000 $384,026 $7,004 2.99%
    47% 164 $65,090,000 $396,890 $6,650 2.98%
    >60% 24 $10,900,000 $454,167 $10,952 2.98%

    First Heritage Mortgage lent most frequently to those with DTI ratios of 20-30%, with 1,957 originations. The next most common DTI ratio? 30-36%, with 1,735 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,644 $1,752,310,000 $377,328 $5,326 2.94%
    Not provided 2,395 $981,155,000 $409,668 $6,062 2.95%
    Black 1,200 $470,460,000 $392,050 $7,440 2.98%
    Asian 565 $229,825,000 $406,770 $6,200 2.92%
    Asian Indian 60 $29,420,000 $490,333 $6,722 2.99%
    American Indian 26 $9,450,000 $363,462 $6,251 3.01%
    Native Hawaiian or Islander 12 $4,660,000 $388,333 $5,570 2.77%
    Other Asian 7 $3,015,000 $430,714 $7,419 2.80%
    Vietnamese 2 $620,000 $310,000 $6,059 2.69%
    Filipino 2 $590,000 $295,000 $9,091 2.94%
    Korean 1 $465,000 $465,000 $3,302 2.75%
    Japanese 1 $125,000 $125,000 $3,474 3.25%

    Approval Rates

    Total approvals of all applications
    99.36%

    First Heritage Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    71.89%

    First Heritage Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 8,915 $3,482,095,000 $390,588

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    8,915 $3,482,095,000 $390,588

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 237 $50,225,000 $211,920 $3,544 2.81%
    40-60% 790 $259,920,000 $329,013 $3,826 2.80%
    60-80% 2,638 $1,084,450,000 $411,088 $4,716 3.00%
    80-100% 4,514 $1,833,770,000 $406,241 $6,613 2.99%
    Over 100% 274 $127,320,000 $464,672 $17,897 2.80%
    Under 20% 164 $4,610,000 $28,110 $661 2.78%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    FIRST MORTGAGE COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    FIRST MORTGAGE COMPANY Conventional home mortgage Trouble during payment process 5 83.3%