Heritage Southeast Bank Mortgage Rates, Fees & Info
Jonesboro, GALEI: 549300KZLDOQY0W4XL83
Tax ID: 58-0659995
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Mortgage Data
Review & Overview
Heritage Southeast Bank is a smaller bank specializing in Home Purchase loans. Heritage Southeast Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cornelia, Atlanta, Hinesville, Savannah, and Brunswick among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Heritage Southeast 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.
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Originations
90Origination Dollar Volume (All Markets)
$54,260,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 3 | $16,445,000 | $5,481,667 | $0 | 0.00% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $15,895,000 | $15,895,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 35 | $11,275,000 | $322,143 | $0 | 0.00% |
| HINESVILLE, GA (FHA|USDA|VA) | 13 | $2,395,000 | $184,231 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 7 | $1,935,000 | $276,429 | $0 | 0.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 10 | $1,230,000 | $123,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $0 | 0.00% |
| Jesup, GA (FHA|USDA|VA) | 9 | $1,205,000 | $133,889 | $0 | 0.00% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 0.00% |
| St. Marys, GA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 0.00% |
| Waycross, GA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Statesboro, GA (FHA|USDA|VA) | 4 | $460,000 | $115,000 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 90 | $54,260,000 | $602,889 | $0 | 0.00% |
For 2022, Heritage Southeast Bank's most frequently originated type of loan was Conventional, with 90 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 59 | $48,355,000 | $819,576 | $0 | 0.00% |
| Refi | 26 | $5,370,000 | $206,538 | $0 | 0.00% |
| Home Improvement | 5 | $535,000 | $107,000 | $0 | 0.00% |
For 2022, Heritage Southeast Bank's most frequently cited loan purpose was Home Purchase, with 59 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 90 | $54,260,000 | $602,889 | $0 | 0.00% |
For 2022, Heritage Southeast Bank's most frequently cited loan duration was Other, with 90 originations.
Loan Sizing
2022 saw Heritage Southeast Bank place emphasis on $100,000 or less loans with 27 originations, totaling $1,775,000 in origination value.
Applicant Income
Heritage Southeast Bank lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $100k-150k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 90 | $54,260,000 | $602,889 | $0 | 0.00% |
Heritage Southeast Bank lent most frequently to those with DTI ratios of Exempt%, with 90 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.23%
Heritage Southeast Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.67%
Heritage Southeast Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 90 | $54,260,000 | $602,889 |