Texas Heritage Bank Mortgage Rates, Fees & Info
Boerne, TXLEI: 549300MY5ML47R0EMV87
Tax ID: 75-0187960
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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.
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.
Originations
23Origination Dollar Volume (All Markets)
$9,485,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
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
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
2018 saw Texas Heritage Bank place emphasis on $100,000 or less loans with 9 originations, totaling $475,000 in origination value.
Applicant Income
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
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 applications88.24%
Texas Heritage Bank has an average approval rate.
Pick Rate
Approvals leading to origination69.57%
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 |