The Heritage Bank Mortgage Rates, Fees & Info
HINESVILLE, GALEI: 549300JCW3RRZZ0EAH90
Tax ID: 58-0288090
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Mortgage Data
Review & Overview
The Heritage Bank is a smaller bank specializing in Refi and Home Purchase loans. The Heritage Bank has a high proportion of conventional loans. Their top markets by origination volume include: Savannah, Hinesville, Statesboro, Brunswick, and Jesup among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)The Heritage Bank has an 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
195Origination Dollar Volume (All Markets)
$33,445,000Top 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 |
|---|---|---|---|---|---|
| SAVANNAH, GA (FHA|USDA|VA) | 32 | $10,530,000 | $329,063 | $0 | 0.00% |
| HINESVILLE, GA (FHA|USDA|VA) | 65 | $8,005,000 | $123,154 | $0 | 0.00% |
| Statesboro, GA (FHA|USDA|VA) | 16 | $5,330,000 | $333,125 | $0 | 0.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 41 | $5,125,000 | $125,000 | $0 | 0.00% |
| Jesup, GA (FHA|USDA|VA) | 21 | $2,205,000 | $105,000 | $0 | 0.00% |
| St. Marys, GA (FHA|USDA|VA) | 6 | $810,000 | $135,000 | $0 | 0.00% |
| Waycross, GA (FHA|USDA|VA) | 8 | $530,000 | $66,250 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $230,000 | $115,000 | $0 | 0.00% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 195 | $33,445,000 | $171,513 | $0 | 0.00% |
For 2019, The Heritage Bank's most frequently originated type of loan was Conventional, with 195 originations.
Loan Reason
For 2019, The Heritage Bank's most frequently cited loan purpose was Refi, with 99 originations. The 2nd most popular reason was Home Purchase, with 87 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 195 | $33,445,000 | $171,513 | $0 | 0.00% |
For 2019, The Heritage Bank's most frequently cited loan duration was Other, with 195 originations.
Loan Sizing
2019 saw The Heritage Bank place emphasis on $100,000 or less loans with 119 originations, totaling $6,615,000 in origination value.
Applicant Income
The Heritage Bank lent most frequently to those with incomes in the $50k or less range, with 31 originations. The second most popular income band? $50k-75k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 195 | $33,445,000 | $171,513 | $0 | 0.00% |
The Heritage Bank lent most frequently to those with DTI ratios of Exempt%, with 195 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.34%
The Heritage Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.21%
The Heritage Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 195 | $33,445,000 | $171,513 |