Texas Heritage Bank Mortgage Rates, Fees & Info

Boerne, TX

LEI: 549300MY5ML47R0EMV87

Tax ID: 75-0187960

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Mortgage Data

Review & Overview

Texas Heritage Bank is a smaller bank specializing in Home Purchase and Refi loans. Texas Heritage Bank has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Corpus Christi, Abilene, Fredericksburg, and Killeen among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

Texas 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

23

Origination Dollar Volume (All Markets)

$9,485,000

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
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 11 $7,285,000 $662,273 $30,214 5.85%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $735,000 $735,000 $0 6.00%
ABILENE, TX (FHA|USDA|VA) 6 $630,000 $105,000 $3,013 6.56%
Fredericksburg, TX (FHA|USDA|VA) 1 $405,000 $405,000 $7,556 5.05%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $295,000 $295,000 $6,212 6.00%
Brownwood, TX (FHA|USDA|VA) 2 $80,000 $40,000 $1,951 8.39%
Snyder, TX (FHA|USDA|VA) 1 $55,000 $55,000 $2,047 5.84%
Texas Heritage Bank's top markets include San Antonio, Corpus Christi, Abilene, Fredericksburg, and Killeen among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 23 $9,485,000 $412,391 $7,556 6.23%

    For 2018, Texas Heritage Bank's most frequently originated type of loan was Conventional, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 14 $4,260,000 $304,286 $5,257 6.28%
    Refi 4 $3,880,000 $970,000 $15,815 5.96%
    Cash Out Refi 4 $1,320,000 $330,000 $3,466 6.45%
    Home Improvement 1 $25,000 $25,000 $0 5.75%

    For 2018, Texas Heritage Bank's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Refi, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 11 $4,285,000 $389,545 $9,053 6.19%
    20 Year 6 $980,000 $163,333 $3,902 6.18%
    10 Year 2 $80,000 $40,000 $2,243 8.24%
    15 Year 2 $3,380,000 $1,690,000 $23,002 5.25%
    1 Year 1 $295,000 $295,000 $6,212 6.00%
    5 Year 1 $465,000 $465,000 $0 5.25%

    For 2018, Texas Heritage Bank's most frequently cited loan duration was Other, with 11 originations. The 2nd most popular length was 20 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 6 $280,000 $46,667
    $1k-2k 3 $485,000 $161,667
    $5k+ 2 $4,670,000 $2,335,000
    $2k-3k 1 $295,000 $295,000
    $4k-5k 1 $405,000 $405,000

    Texas Heritage Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 6 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 15 $8,015,000 $534,333
    6-7% 4 $1,320,000 $330,000
    Over 8% 4 $150,000 $37,500

    During 2018, Texas Heritage Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 15 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 9 $475,000 $52,778 $2,008 6.89%
    $400k-600k 5 $2,295,000 $459,000 $7,556 5.86%
    $200k-400k 4 $950,000 $237,500 $5,394 6.12%
    $100k-200k 2 $360,000 $180,000 $0 5.63%
    $1MM+ 2 $4,670,000 $2,335,000 $30,214 5.17%
    $600k-1MM 1 $735,000 $735,000 $0 6.00%

    2018 saw Texas Heritage Bank place emphasis on $100,000 or less loans with 9 originations, totaling $475,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 4 $5,370,000 $1,342,500 $18,549 5.35%
    $50k or less 4 $160,000 $40,000 $1,921 7.69%
    $75k-100k 3 $455,000 $151,667 $4,022 6.64%
    $50k-75k 2 $150,000 $75,000 $2,138 5.65%

    Texas Heritage Bank lent most frequently to those with incomes in the $250k+ range, with 4 originations. The second most popular income band? $50k or less, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 5 $3,655,000 $731,000 $11,340 6.60%
    <20% 3 $735,000 $245,000 $5,070 6.37%
    43% 3 $175,000 $58,333 $2,060 6.64%
    30-36% 1 $1,365,000 $1,365,000 $16,665 5.25%
    36% 1 $205,000 $205,000 $3,466 6.05%

    Texas Heritage Bank lent most frequently to those with DTI ratios of 20-30%, with 5 originations. The next most common DTI ratio? <20%, with 3 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 13 $6,135,000 $471,923 $7,556 6.41%
    Not applicable 10 $3,350,000 $335,000 $0 6.00%

    Approval Rates

    Total approvals of all applications
    88.24%

    Texas Heritage Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.57%

    Texas Heritage Bank 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 23 $9,485,000 $412,391

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $870,000 $435,000
    Single Family (1-4 Units):Manufactured 4 $170,000 $42,500
    Single Family (1-4 Units):Site-Built 17 $8,445,000 $496,765

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 4 $820,000 $205,000 $2,022 6.81%
    60-80% 13 $7,605,000 $585,000 $11,090 5.93%
    80-100% 5 $1,035,000 $207,000 $4,137 6.65%
    Under 20% 1 $25,000 $25,000 $0 5.75%