Heritage Bank Mortgage Rates, Fees & Info

Spicer, MN

LEI: 549300KUIZTYQRC0R888

Tax ID: 41-0880598

5 stars - Updated: 6/9/24 - out of 5 stars, based on 20 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Heritage Bank is a smaller bank specializing in Home Purchase loans. Heritage Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Willmar, Los Angeles, Sioux City, Minneapolis, and Miami among others. We have data for 119 markets. (Some data included below & more in-depth data is available with an active subscription.)

Heritage Bank 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. Heritage Bank 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 relatively high 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 6.05% 6/9/24
30 Year Conventional Refi 6.88% 6/9/24
30 Year Cash-out Refi 6.69% 6/9/24
30 Year FHA Purchase 7.66% 6/9/24
30 Year FHA Refi 6.27% 6/9/24
30 Year VA Purchase 6.91% 6/9/24
30 Year USDA Purchase 6.91% 6/9/24
15 Year Conventional Purchase 6.32% 6/9/24
15 Year Conventional Refi 6.21% 6/9/24
15 Year Cash-out Refi 6.21% 6/9/24
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 Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Heritage Bank. 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

410

Origination Dollar Volume (All Markets)

$165,340,000

Awards

Heritage Bank 30 Year Conventional Loans bronze
Show all (1) awards

Relative Rate

Heritage Bank's average 30 year fixed mortgage rate was 5.86%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.62%.

Relative Fees (Closing Costs)

Heritage Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $6,243.

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 $9,089.

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
Outside of Metro Areas 46 $12,710,000 $276,304 $4,793 6.24%
Willmar, MN (FHA|USDA|VA) 60 $12,150,000 $202,500 $4,368 6.60%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 7 $8,735,000 $1,247,857 $8,673 5.91%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 53 $6,745,000 $127,264 $4,133 4.82%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 24 $6,350,000 $264,583 $5,218 6.62%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 7 $6,045,000 $863,571 $7,930 6.66%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 7 $5,405,000 $772,143 $11,794 6.25%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 7 $5,165,000 $737,857 $7,753 6.23%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 9 $4,435,000 $492,778 $4,991 6.33%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 6 $4,360,000 $726,667 $6,873 6.02%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 7 $4,205,000 $600,714 $8,086 5.86%
SIOUX FALLS, SD (FHA|USDA|VA) 13 $3,895,000 $299,615 $5,138 6.68%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 4 $3,280,000 $820,000 $13,451 5.66%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $3,045,000 $1,015,000 $8,152 6.21%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $3,000,000 $750,000 $5,754 6.28%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $2,990,000 $747,500 $5,771 5.78%
Sandpoint, ID (FHA|USDA|VA) 2 $2,520,000 $1,260,000 $7,008 5.81%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $1,935,000 $645,000 $6,740 6.13%
SALINAS, CA (FHA|USDA|VA) 2 $1,820,000 $910,000 $12,600 7.07%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $1,740,000 $870,000 $12,900 6.31%
ST. CLOUD, MN (FHA|USDA|VA) 8 $1,680,000 $210,000 $4,913 5.84%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $1,655,000 $1,655,000 $22,911 7.25%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 5 $1,645,000 $329,000 $7,418 7.24%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $1,630,000 $407,500 $6,474 6.38%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $1,580,000 $790,000 $14,273 5.63%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $1,490,000 $745,000 $11,626 5.69%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $1,475,000 $1,475,000 $3,450 6.13%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $7,400 5.75%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $1,355,000 $451,667 $5,213 7.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $1,345,000 $1,345,000 $21,011 6.25%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $1,290,000 $645,000 $12,331 5.81%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $1,290,000 $645,000 $6,225 6.81%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $1,245,000 $1,245,000 $3,823 5.75%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $1,200,000 $600,000 $8,808 6.75%
DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $1,085,000 $361,667 $7,927 5.71%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 2 $1,080,000 $540,000 $4,719 5.88%
SHEBOYGAN, WI (FHA|USDA|VA) 1 $1,055,000 $1,055,000 $12,880 6.31%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $1,030,000 $515,000 $9,209 5.50%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $1,030,000 $515,000 $14,507 8.00%
Iron Mountain, MI-WI (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $12,662 6.35%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $975,000 $975,000 $4,065 5.88%
PROVO-OREM, UT (FHA|USDA|VA) 1 $975,000 $975,000 $4,209 6.00%
LUBBOCK, TX (FHA|USDA|VA) 2 $960,000 $480,000 $8,474 5.63%
ASHEVILLE, NC (FHA|USDA|VA) 2 $920,000 $460,000 $5,147 7.31%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $895,000 $895,000 $4,620 5.88%
MANHATTAN, KS (FHA|USDA|VA) 1 $865,000 $865,000 $0 6.95%
GREELEY, CO (FHA|USDA|VA) 1 $865,000 $865,000 $11,504 5.63%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $855,000 $855,000 $13,467 5.38%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $835,000 $835,000 $14,528 5.75%
BOISE CITY, ID (FHA|USDA|VA) 2 $820,000 $410,000 $6,852 6.11%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $785,000 $785,000 $3,809 6.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $765,000 $765,000 $6,827 5.75%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $720,000 $360,000 $5,819 5.88%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $705,000 $705,000 $3,730 6.00%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $675,000 $675,000 $11,289 5.38%
North Wilkesboro, NC (FHA|USDA|VA) 1 $675,000 $675,000 $4,032 6.13%
RACINE, WI (FHA|USDA|VA) 1 $665,000 $665,000 $2,016 6.25%
SALEM, OR (FHA|USDA|VA) 1 $655,000 $655,000 $11,614 5.88%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $655,000 $655,000 $4,337 6.13%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $635,000 $635,000 $11,292 7.25%
Key West, FL (FHA|USDA|VA) 1 $635,000 $635,000 $7,109 5.63%
RENO, NV (FHA|USDA|VA) 1 $625,000 $625,000 $3,901 6.63%
Riverton, WY (FHA|USDA|VA) 1 $615,000 $615,000 $1,783 6.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $600,000 $300,000 $4,539 7.06%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $575,000 $575,000 $7,448 5.38%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $565,000 $565,000 $11,429 6.00%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $555,000 $555,000 $9,015 5.75%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $545,000 $545,000 $4,808 5.88%
Edwards, CO (FHA|USDA|VA) 1 $535,000 $535,000 $8,058 7.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $525,000 $525,000 $9,585 7.38%
Bonham, TX (FHA|USDA|VA) 1 $515,000 $515,000 $10,439 5.75%
READING, PA (FHA|USDA|VA) 1 $505,000 $505,000 $10,585 5.38%
JOPLIN, MO (FHA|USDA|VA) 1 $495,000 $495,000 $3,000 6.00%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $490,000 $245,000 $6,183 5.50%
Watertown, SD (FHA|USDA|VA) 1 $475,000 $475,000 $2,554 5.88%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $460,000 $230,000 $4,386 5.56%
ELMIRA, NY (FHA|USDA|VA) 1 $455,000 $455,000 $9,544 6.13%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $455,000 $455,000 $4,000 7.25%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $455,000 $455,000 $8,058 7.63%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $455,000 $455,000 $9,046 5.88%
COLUMBUS, OH (FHA|USDA|VA) 1 $455,000 $455,000 $8,187 6.13%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $435,000 $435,000 $8,781 5.73%
ABILENE, TX (FHA|USDA|VA) 1 $425,000 $425,000 $9,056 5.50%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $425,000 $425,000 $6,550 5.88%
ST. GEORGE, UT (FHA|USDA|VA) 1 $425,000 $425,000 $7,479 6.50%
BANGOR, ME (FHA|USDA|VA) 1 $415,000 $415,000 $7,047 5.88%
LOGAN, UT-ID (FHA|USDA|VA) 1 $405,000 $405,000 $6,513 6.00%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $405,000 $405,000 $8,110 5.25%
Brainerd, MN (FHA|USDA|VA) 3 $375,000 $125,000 $2,332 4.46%
Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $365,000 $365,000 $6,719 8.00%
POCATELLO, ID (FHA|USDA|VA) 1 $365,000 $365,000 $6,326 5.63%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $365,000 $365,000 $7,755 5.88%
PEORIA, IL (FHA|USDA|VA) 2 $350,000 $175,000 $3,503 5.75%
Rutland, VT (FHA|USDA|VA) 1 $335,000 $335,000 $8,813 5.13%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $335,000 $335,000 $2,497 5.88%
FRESNO, CA (FHA|USDA|VA) 1 $325,000 $325,000 $4,262 6.88%
GAINESVILLE, FL (FHA|USDA|VA) 1 $325,000 $325,000 $6,930 5.63%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $315,000 $315,000 $7,072 6.00%
COLUMBIA, SC (FHA|USDA|VA) 1 $315,000 $315,000 $3,203 6.13%
ROCHESTER, MN (FHA|USDA|VA) 1 $315,000 $315,000 $5,100 7.00%
Roseburg, OR (FHA|USDA|VA) 1 $305,000 $305,000 $5,547 5.88%
Galesburg, IL (FHA|USDA|VA) 1 $295,000 $295,000 $2,260 6.88%
PITTSFIELD, MA (FHA|USDA|VA) 1 $295,000 $295,000 $6,205 5.88%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $295,000 $295,000 $6,220 6.00%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $275,000 $275,000 $2,807 6.25%
EL PASO, TX (FHA|USDA|VA) 1 $265,000 $265,000 $4,074 6.25%
ROANOKE, VA (FHA|USDA|VA) 1 $245,000 $245,000 $5,593 5.88%
Spencer, IA (FHA|USDA|VA) 4 $240,000 $60,000 $2,050 3.22%
DOTHAN, AL (FHA|USDA|VA) 1 $225,000 $225,000 $5,093 7.50%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $225,000 $225,000 $6,221 5.63%
Aberdeen, SD (FHA|USDA|VA) 1 $225,000 $225,000 $6,071 6.25%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 7.75%
DULUTH, MN-WI (FHA|USDA|VA) 2 $210,000 $105,000 $4,190 3.44%
New Castle, IN (FHA|USDA|VA) 1 $205,000 $205,000 $4,517 7.50%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $195,000 $195,000 $4,683 5.88%
Storm Lake, IA (FHA|USDA|VA) 2 $190,000 $95,000 $3,117 3.88%
LOUISVILLE, KY (FHA|USDA|VA) 1 $185,000 $185,000 $2,759 5.88%
BINGHAMTON, NY (FHA|USDA|VA) 1 $155,000 $155,000 $3,231 6.38%
PITTSBURGH, PA (FHA|USDA|VA) 1 $85,000 $85,000 $4,081 6.50%
Heritage Bank's top markets include Willmar, Los Angeles, Sioux City, Minneapolis, and Miami among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 378 $158,930,000 $420,450 $5,857 5.99%
    FHA 24 $4,860,000 $202,500 $8,500 6.97%
    USDA 6 $1,000,000 $166,667 $5,991 6.60%
    VA 2 $550,000 $275,000 $6,068 6.13%

    For 2023, Heritage Bank's most frequently originated type of loan was Conventional, with 378 originations. Their 2nd most popular type was FHA, with 24 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 365 $152,925,000 $418,973 $6,194 5.93%
    Refi 22 $8,690,000 $395,000 $5,014 7.31%
    Other 10 $1,300,000 $130,000 $3,534 6.82%
    Home Improvement 8 $990,000 $123,750 $3,173 7.08%
    Cash Out Refi 5 $1,435,000 $287,000 $6,197 6.43%

    For 2023, Heritage Bank's most frequently cited loan purpose was Home Purchase, with 365 originations. The 2nd most popular reason was Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 353 $152,125,000 $430,949 $6,243 5.86%
    20 Year 27 $4,195,000 $155,370 $3,671 7.41%
    Other 13 $6,015,000 $462,692 $0 7.52%
    15 Year 9 $2,345,000 $260,556 $5,761 6.15%
    10 Year 6 $220,000 $36,667 $1,542 7.08%
    1 Year 1 $135,000 $135,000 $0 8.50%
    5 Year 1 $305,000 $305,000 $0 8.10%

    For 2023, Heritage Bank's most frequently cited loan duration was 30 Year, with 353 originations. The 2nd most popular length was 20 Year, with 27 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 119 $58,585,000 $492,311
    $5k+ 79 $53,785,000 $680,823
    $2k-3k 56 $10,850,000 $193,750
    $1k-2k 54 $10,800,000 $200,000
    $3k-4k 47 $12,945,000 $275,426
    $4k-5k 33 $11,765,000 $356,515

    Heritage Bank's average total fees were $6,243, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 119 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 147 $57,655,000 $392,211
    5-6% 138 $79,270,000 $574,420
    7-8% 74 $22,160,000 $299,459
    <2.5% 29 $235,000 $8,103
    Over 8% 20 $5,290,000 $264,500
    4-5% 2 $730,000 $365,000

    During 2023, Heritage Bank's average interest rate for loans was 5.86%, while their most frequently originated rate bucket for loans was 6-7%, with 147 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 115 $32,625,000 $283,696 $5,828 6.61%
    $100k-200k 86 $13,320,000 $154,884 $4,650 6.84%
    $400k-600k 66 $32,940,000 $499,091 $7,400 6.26%
    $600k-1MM 61 $46,845,000 $767,951 $8,556 6.05%
    $100,000 or less 55 $1,795,000 $32,636 $1,088 3.41%
    $1MM+ 27 $37,815,000 $1,400,556 $11,542 6.05%

    2023 saw Heritage Bank place emphasis on $200k-400k loans with 115 originations, totaling $32,625,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 105 $84,395,000 $803,762 $8,351 6.10%
    $100k-150k 83 $24,795,000 $298,735 $5,523 6.31%
    $150k-250k 69 $31,175,000 $451,812 $7,321 6.43%
    $50k-75k 65 $8,135,000 $125,154 $3,483 5.07%
    $75k-100k 43 $7,965,000 $185,233 $4,539 6.17%
    $50k or less 27 $2,855,000 $105,741 $3,420 5.09%

    Heritage Bank lent most frequently to those with incomes in the $250k+ range, with 105 originations. The second most popular income band? $100k-150k, with 83 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 87 $37,095,000 $426,379 $5,686 6.05%
    20-30% 70 $30,200,000 $431,429 $5,965 5.96%
    44% 30 $12,530,000 $417,667 $6,484 5.65%
    43% 25 $15,445,000 $617,800 $6,812 6.11%
    40% 24 $10,780,000 $449,167 $5,759 5.85%
    42% 24 $8,520,000 $355,000 $7,242 5.80%
    <20% 22 $7,530,000 $342,273 $5,495 6.15%
    41% 19 $6,875,000 $361,842 $5,697 5.82%
    39% 18 $7,450,000 $413,889 $5,985 6.49%
    38% 17 $5,775,000 $339,706 $6,417 5.93%
    37% 12 $4,380,000 $365,000 $6,064 5.58%
    36% 11 $5,885,000 $535,000 $7,911 6.11%
    49% 8 $1,930,000 $241,250 $5,145 5.98%
    45% 8 $1,600,000 $200,000 $3,492 4.21%
    47% 4 $540,000 $135,000 $4,839 5.50%
    48% 4 $990,000 $247,500 $5,568 7.22%
    50-60% 3 $505,000 $168,333 $6,571 6.52%
    >60% 2 $330,000 $165,000 $0 7.50%
    46% 2 $700,000 $350,000 $6,877 6.88%

    Heritage Bank lent most frequently to those with DTI ratios of 30-36%, with 87 originations. The next most common DTI ratio? 20-30%, with 70 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 328 $117,620,000 $358,598 $5,666 5.96%
    Asian 28 $19,060,000 $680,714 $6,830 6.09%
    Black 18 $10,330,000 $573,889 $8,402 6.56%
    Not provided 17 $9,825,000 $577,941 $7,155 5.74%
    Not applicable 14 $5,350,000 $382,143 $0 7.79%
    Asian Indian 3 $2,375,000 $791,667 $13,878 5.83%
    American Indian 2 $780,000 $390,000 $8,892 6.44%

    Approval Rates

    Total approvals of all applications
    93.52%

    Heritage Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.32%

    Heritage Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 410 $165,340,000 $403,268

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    410 $165,340,000 $403,268

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 22 $5,820,000 $264,545 $3,817 7.49%
    40-60% 16 $4,800,000 $300,000 $4,439 6.38%
    60-80% 47 $16,385,000 $348,617 $7,160 6.86%
    80-100% 282 $137,030,000 $485,922 $6,923 6.36%
    Under 20% 43 $1,305,000 $30,349 $637 2.33%