Heritage Valley Mortgage Rates, Fees & Info

York, PA

LEI: 549300JUZBXW5SUK5V79

Tax ID: 23-6277336

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Mortgage Data

Review & Overview

Heritage Valley is a smaller mortgage company specializing in Other and Home Improvement loans. Heritage Valley has a high proportion of conventional loans. Their top markets by origination volume include: York, Lancaster, and Gettysburg among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Heritage Valley has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

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 7.35% 12/17/24
30 Year Cash-out Refi 5.82% 12/17/24
15 Year Conventional Purchase 5.68% 12/17/24
15 Year Conventional Refi 5.61% 12/17/24
15 Year Cash-out Refi 5.61% 12/17/24
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.

Heritage Valley Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Heritage Valley. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

143

Origination Dollar Volume (All Markets)

$7,915,000

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
YORK-HANOVER, PA (FHA|USDA|VA) 135 $7,565,000 $56,037 $87 6.85%
Outside of Metro Areas 4 $150,000 $37,500 $0 6.68%
LANCASTER, PA (FHA|USDA|VA) 3 $125,000 $41,667 $0 6.84%
GETTYSBURG, PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.49%
Heritage Valley's top markets include York, Lancaster, and Gettysburg among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 125 $6,885,000 $55,080 $79 6.62%
    HELOC 18 $1,030,000 $57,222 n/a 8.44%

    For 2023, Heritage Valley's most frequently originated type of loan was Conventional, with 125 originations. Their 2nd most popular type was HELOC, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 74 $3,630,000 $49,054 $0 6.63%
    Home Improvement 55 $2,965,000 $53,909 $0 7.28%
    Refi 14 $1,320,000 $94,286 $218 6.33%

    For 2023, Heritage Valley's most frequently cited loan purpose was Other, with 74 originations. The 2nd most popular reason was Home Improvement, with 55 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 63 $3,205,000 $50,873 $85 7.05%
    15 Year 42 $3,650,000 $86,905 $92 6.94%
    5 Year 32 $810,000 $25,313 $8 6.26%
    Other 6 $250,000 $41,667 $308 7.24%

    For 2023, Heritage Valley's most frequently cited loan duration was 10 Year, with 63 originations. The 2nd most popular length was 15 Year, with 42 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 33 $2,275,000 $68,939

    Heritage Valley's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 33 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 66 $3,780,000 $57,273
    5-6% 31 $1,575,000 $50,806
    7-8% 23 $1,245,000 $54,130
    Over 8% 20 $1,190,000 $59,500
    4-5% 3 $125,000 $41,667

    During 2023, Heritage Valley's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 66 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 126 $5,600,000 $44,444 $66 6.88%
    $100k-200k 15 $1,855,000 $123,667 $138 6.70%
    $200k-400k 2 $460,000 $230,000 $138 6.49%

    2023 saw Heritage Valley place emphasis on $100,000 or less loans with 126 originations, totaling $5,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 40 $2,410,000 $60,250 $79 6.82%
    $75k-100k 35 $1,795,000 $51,286 $38 6.83%
    $50k-75k 30 $1,330,000 $44,333 $46 7.22%
    $50k or less 17 $575,000 $33,824 $138 6.67%
    $150k-250k 16 $1,550,000 $96,875 $127 6.55%
    $250k+ 1 $65,000 $65,000 $0 5.99%

    Heritage Valley lent most frequently to those with incomes in the $100k-150k range, with 40 originations. The second most popular income band? $75k-100k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 35 $1,945,000 $55,571 $61 6.77%
    30-36% 23 $1,255,000 $54,565 $166 6.51%
    <20% 17 $825,000 $48,529 $0 6.95%
    39% 9 $655,000 $72,778 $92 7.44%
    44% 8 $520,000 $65,000 $70 7.13%
    50-60% 5 $425,000 $85,000 $0 6.73%
    37% 5 $235,000 $47,000 $0 6.44%
    42% 5 $235,000 $47,000 $0 6.64%
    46% 5 $255,000 $51,000 $0 7.73%
    47% 5 $265,000 $53,000 $0 7.59%
    43% 4 $190,000 $47,500 $0 6.93%
    40% 4 $200,000 $50,000 $0 6.49%
    38% 4 $230,000 $57,500 $0 6.99%
    41% 3 $75,000 $25,000 $0 6.07%
    36% 3 $175,000 $58,333 $0 7.16%
    45% 3 $165,000 $55,000 $275 6.32%
    49% 3 $185,000 $61,667 $0 7.33%
    48% 2 $80,000 $40,000 $275 6.49%

    Heritage Valley lent most frequently to those with DTI ratios of 20-30%, with 35 originations. The next most common DTI ratio? 30-36%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 123 $7,135,000 $58,008 $83 6.83%
    Not provided 9 $405,000 $45,000 $0 7.02%
    Black 9 $325,000 $36,111 $69 6.77%
    Other Asian 1 $35,000 $35,000 $0 8.75%
    American Indian 1 $15,000 $15,000 $0 6.99%

    Approval Rates

    Total approvals of all applications
    86.26%

    Heritage Valley has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.21%

    Heritage Valley has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 143 $7,915,000 $55,350

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    143 $7,915,000 $55,350

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 54 $3,740,000 $69,259 $56 7.28%
    40-60% 12 $1,370,000 $114,167 $138 6.94%
    60-80% 2 $290,000 $145,000 $275 6.12%
    80-100% 1 $105,000 $105,000 $275 5.99%
    Under 20% 74 $2,410,000 $32,568 $41 6.56%