Texas Heritage Bank Mortgage Rates, Fees & Info

Boerne, TX

LEI: 549300MY5ML47R0EMV87

Tax ID: 75-0187960

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Texas Heritage Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Texas Heritage Bank has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Killeen, Abilene, and Brownwood among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Texas 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. Texas Heritage Bank is typically a low 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 about average 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.

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    Originations

    29

    Origination Dollar Volume (All Markets)

    $5,695,000

    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) 12 $4,510,000 $375,833 $3,875 5.45%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $455,000 $151,667 $410 5.14%
    ABILENE, TX (FHA|USDA|VA) 7 $385,000 $55,000 $1,491 6.31%
    Outside of Metro Areas 5 $195,000 $39,000 $1,612 6.99%
    Brownwood, TX (FHA|USDA|VA) 2 $150,000 $75,000 $2,181 6.99%
    Texas Heritage Bank's top markets include San Antonio, Killeen, Abilene, and Brownwood among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 27 $5,295,000 $196,111 $2,068 6.00%
    HELOC 2 $400,000 $200,000 n/a 6.00%

    For 2019, Texas Heritage Bank's most frequently originated type of loan was Conventional, with 27 originations. Their 2nd most popular type was HELOC, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 17 $3,695,000 $217,353 $2,374 6.19%
    Cash Out Refi 7 $1,615,000 $230,714 $2,499 5.62%
    Refi 3 $275,000 $91,667 $1,672 5.45%
    Home Improvement 2 $110,000 $55,000 $797 6.52%

    For 2019, Texas Heritage Bank's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 14 $4,310,000 $307,857 $3,131 5.70%
    20 Year 5 $275,000 $55,000 $1,671 6.11%
    10 Year 4 $310,000 $77,500 $1,681 7.14%
    30 Year 3 $595,000 $198,333 $410 5.04%
    15 Year 2 $180,000 $90,000 $2,452 6.21%
    5 Year 1 $25,000 $25,000 $0 7.50%

    For 2019, Texas Heritage Bank's most frequently cited loan duration was Other, with 14 originations. The 2nd most popular length was 20 Year, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 13 $1,065,000 $81,923
    $1k-2k 1 $205,000 $205,000
    $2k-3k 1 $565,000 $565,000

    Texas Heritage Bank's average total fees were $410, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 13 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 13 $2,405,000 $185,000
    4-5% 5 $2,735,000 $547,000
    7-8% 5 $135,000 $27,000
    6-7% 4 $360,000 $90,000
    Over 8% 2 $60,000 $30,000

    During 2019, Texas Heritage Bank's average interest rate for loans was 5.04%, while their most frequently originated rate bucket for loans was 5-6%, with 13 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 16 $860,000 $53,750 $1,676 6.54%
    $100k-200k 5 $815,000 $163,000 $1,898 5.49%
    $200k-400k 5 $1,195,000 $239,000 $1,805 5.46%
    $400k-600k 2 $1,150,000 $575,000 $7,253 4.80%
    $1MM+ 1 $1,675,000 $1,675,000 $0 5.00%

    2019 saw Texas Heritage Bank place emphasis on $100,000 or less loans with 16 originations, totaling $860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 5 $1,175,000 $235,000 $2,475 5.41%
    $50k-75k 5 $395,000 $79,000 $1,728 6.28%
    $50k or less 4 $180,000 $45,000 $1,653 6.65%
    $75k-100k 4 $260,000 $65,000 $2,174 6.29%
    $100k-150k 3 $415,000 $138,333 $3,150 6.34%
    $150k-250k 2 $290,000 $145,000 $0 5.72%

    Texas Heritage Bank lent most frequently to those with incomes in the $250k+ range, with 5 originations. The second most popular income band? $50k-75k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 9 $1,035,000 $115,000 $2,528 6.41%
    20-30% 7 $655,000 $93,571 $2,264 6.31%
    <20% 4 $610,000 $152,500 $882 5.64%
    40% 2 $280,000 $140,000 $2,368 5.72%
    47% 1 $135,000 $135,000 $1,066 4.78%

    Texas Heritage Bank lent most frequently to those with DTI ratios of 30-36%, with 9 originations. The next most common DTI ratio? 20-30%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 6 $2,980,000 $496,667 $0 5.56%
    White 20 $2,550,000 $127,500 $2,064 6.00%
    Black 2 $110,000 $55,000 $2,368 6.67%
    Not provided 1 $55,000 $55,000 $1,825 7.40%

    Approval Rates

    Total approvals of all applications
    95.24%

    Texas Heritage 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 origination
    62.07%

    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 29 $5,695,000 $196,379

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $2,260,000 $1,130,000
    Single Family (1-4 Units):Manufactured 4 $430,000 $107,500
    Single Family (1-4 Units):Site-Built 23 $3,005,000 $130,652

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $285,000 $95,000 $2,000 6.41%
    40-60% 6 $1,210,000 $201,667 $1,298 5.34%
    60-80% 12 $2,720,000 $226,667 $1,944 6.29%
    80-100% 7 $1,395,000 $199,286 $3,725 6.05%
    Under 20% 1 $85,000 $85,000 $360 4.96%