First Heritage Mortgage Rates, Fees & Info
RESTON, VALEI: 549300EM8ID8J7F8OM55
Tax ID: 54-1822464
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Mortgage Data
Review & Overview
First Heritage Mortgage is a small mortgage company specializing in Home Purchase 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, Raleigh, Charlottesville, Columbia, and Richmond among others. We have data for 91 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 a high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.65% | 12/16/24 |
| 30 Year Conventional Refi | 6.50% | 12/16/24 |
| 30 Year Cash-out Refi | 6.80% | 12/16/24 |
| 30 Year FHA Purchase | 7.36% | 12/16/24 |
| 30 Year FHA Refi | 7.50% | 12/16/24 |
| 30 Year VA Purchase | 6.22% | 12/16/24 |
| 30 Year VA Refi | 5.98% | 12/16/24 |
| 30 Year USDA Purchase | 6.67% | 12/16/24 |
| 15 Year Conventional Purchase | 6.05% | 12/16/24 |
| 15 Year Conventional Refi | 6.10% | 12/16/24 |
| 15 Year Cash-out Refi | 6.10% | 12/16/24 |
| 15 Year VA Purchase | 6.27% | 12/16/24 |
| 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. | ||
First Heritage Mortgage Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,652Origination Dollar Volume (All Markets)
$1,955,640,000Awards
First Heritage Mortgage - 2022
First Heritage Mortgage is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 1,756 | $951,100,000 | $541,629 | $10,923 | 4.69% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 343 | $137,565,000 | $401,064 | $7,405 | 4.85% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 283 | $131,665,000 | $465,247 | $7,420 | 4.66% |
| COLUMBIA, SC (FHA|USDA|VA) | 398 | $116,230,000 | $292,035 | $8,517 | 5.04% |
| RICHMOND, VA (FHA|USDA|VA) | 326 | $103,310,000 | $316,902 | $7,154 | 5.32% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 167 | $69,025,000 | $413,323 | $9,308 | 4.77% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 145 | $52,475,000 | $361,897 | $7,104 | 5.28% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 125 | $34,155,000 | $273,240 | $9,758 | 4.89% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 68 | $33,100,000 | $486,765 | $8,356 | 4.34% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 109 | $29,065,000 | $266,651 | $5,220 | 5.03% |
| Outside of Metro Areas | 80 | $28,780,000 | $359,750 | $6,940 | 4.71% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 71 | $23,065,000 | $324,859 | $7,310 | 5.05% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 59 | $21,715,000 | $368,051 | $6,495 | 4.71% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 53 | $20,475,000 | $386,321 | $10,712 | 5.40% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 57 | $20,185,000 | $354,123 | $7,570 | 4.65% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 68 | $16,720,000 | $245,882 | $6,527 | 4.72% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 48 | $15,220,000 | $317,083 | $11,767 | 5.36% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 61 | $12,075,000 | $197,951 | $5,823 | 5.20% |
| ROANOKE, VA (FHA|USDA|VA) | 33 | $11,285,000 | $341,970 | $6,664 | 5.06% |
| SPARTANBURG, SC (FHA|USDA|VA) | 52 | $11,280,000 | $216,923 | $7,232 | 4.86% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 22 | $11,000,000 | $500,000 | $7,297 | 4.69% |
| STAUNTON, VA (FHA|USDA|VA) | 28 | $7,320,000 | $261,429 | $5,286 | 4.69% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 18 | $7,120,000 | $395,556 | $8,285 | 4.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 18 | $7,110,000 | $395,000 | $5,679 | 4.83% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 23 | $6,875,000 | $298,913 | $9,390 | 5.21% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 15 | $6,595,000 | $439,667 | $6,826 | 4.71% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 26 | $6,300,000 | $242,308 | $7,173 | 5.29% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 23 | $5,845,000 | $254,130 | $6,819 | 5.01% |
| PITTSBURGH, PA (FHA|USDA|VA) | 20 | $4,900,000 | $245,000 | $5,243 | 4.93% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 9 | $3,855,000 | $428,333 | $7,400 | 4.12% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 6 | $3,760,000 | $626,667 | $9,305 | 4.04% |
| HARRISONBURG, VA (FHA|USDA|VA) | 8 | $2,910,000 | $363,750 | $8,581 | 5.16% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 9 | $2,595,000 | $288,333 | $11,214 | 5.69% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 4 | $2,570,000 | $642,500 | $6,404 | 4.30% |
| LYNCHBURG, VA (FHA|USDA|VA) | 8 | $2,400,000 | $300,000 | $4,534 | 3.53% |
| Morehead City, NC (FHA|USDA|VA) | 4 | $1,750,000 | $437,500 | $6,044 | 4.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $1,635,000 | $327,000 | $6,628 | 5.15% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,600,000 | $400,000 | $9,413 | 6.09% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $1,570,000 | $785,000 | $5,860 | 5.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,430,000 | $357,500 | $10,896 | 4.59% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $5,718 | 4.53% |
| Easton, MD (FHA|USDA|VA) | 1 | $1,085,000 | $1,085,000 | $7,190 | 3.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $5,979 | 4.32% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $5,010 | 5.78% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $7,085 | 4.55% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $5,772 | 4.38% |
| BURLINGTON, NC (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $5,920 | 5.17% |
| GETTYSBURG, PA (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $7,340 | 5.28% |
| GOLDSBORO, NC (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $4,483 | 5.36% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $9,353 | 3.81% |
| Danville, VA (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $6,777 | 4.74% |
| OCALA, FL (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $6,110 | 4.74% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $8,312 | 4.25% |
| Sanford, NC (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $11,058 | 5.42% |
| Henderson, NC (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $8,954 | 4.37% |
| Cullowhee, NC (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $8,842 | 4.63% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $6,075 | 4.67% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $23,114 | 3.50% |
| Newberry, SC (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $8,117 | 3.75% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $15,759 | 2.88% |
| NEW BERN, NC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $7,563 | 4.50% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $6,733 | 5.50% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $6,341 | 5.98% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $18,406 | 4.99% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $7,693 | 6.88% |
| Martinsville, VA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,156 | 3.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $13,283 | 5.19% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,198 | 5.38% |
| Boone, NC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,930 | 4.25% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $17,953 | 4.88% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,060 | 4.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,248 | 4.94% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $20,445 | 4.38% |
| Gaffney, SC (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,174 | 4.75% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,067 | 5.13% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $14,333 | 5.50% |
| Georgetown, SC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,184 | 5.87% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,801 | 4.75% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,867 | 4.63% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $14,178 | 6.63% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,311 | 5.38% |
| Wilson, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,651 | 5.25% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,239 | 5.25% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,680 | 2.75% |
| Union, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,099 | 6.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,476 | 6.00% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,384 | 6.63% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,149 | 5.00% |
| Lake City, FL (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $3,902 | 5.63% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,690 | 5.50% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,325 | 5.88% |
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Product Mix
For 2022, First Heritage Mortgage's most frequently originated type of loan was Conventional, with 3,485 originations. Their 2nd most popular type was VA, with 625 originations.
Loan Reason
For 2022, First Heritage Mortgage's most frequently cited loan purpose was Home Purchase, with 4,419 originations. The 2nd most popular reason was Cash Out Refi, with 138 originations.
Loan Duration/Length
For 2022, First Heritage Mortgage's most frequently cited loan duration was 30 Year, with 4,467 originations. The 2nd most popular length was 15 Year, with 139 originations.
Origination Fees/Closing Costs
First Heritage Mortgage's average total fees were $9,012, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,653 originations.
Interest Rates
During 2022, First Heritage Mortgage's average interest rate for loans was 4.91%, while their most frequently originated rate bucket for loans was 5-6%, with 1,336 originations.
Loan Sizing
2022 saw First Heritage Mortgage place emphasis on $200k-400k loans with 2,142 originations, totaling $645,120,000 in origination value.
Applicant Income
First Heritage Mortgage lent most frequently to those with incomes in the $100k-150k range, with 1,291 originations. The second most popular income band? $150k-250k, with 1,211 originations.
Applicant Debt to Income Ratio
First Heritage Mortgage lent most frequently to those with DTI ratios of 30-36%, with 838 originations. The next most common DTI ratio? 20-30%, with 832 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.02%
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 origination66.04%
First Heritage Mortgage 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 | 4,652 | $1,955,640,000 | $420,387 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4,652 | $1,955,640,000 | $420,387 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST GUARANTY MORTGAGE CORP | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |