Heritage Bank Mortgage Rates, Fees & Info
Erlanger, KYLEI: 549300XT5WP4TMNXL317
Tax ID: 61-1174806
Latest/2024 | 2023 Data | 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 Other, Refi, and Home Purchase loans. Heritage Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, Cape Coral, Orlando, Somerset, and Lexington among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)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
272Origination Dollar Volume (All Markets)
$55,730,000Top 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 |
|---|---|---|---|---|---|
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 258 | $47,680,000 | $184,806 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $4,665,000 | $1,555,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $1,635,000 | $1,635,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $790,000 | $197,500 | $0 | 0.00% |
| Somerset, KY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 0.00% |
| Frankfort, KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Maysville, KY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 272 | $55,730,000 | $204,890 | $0 | 0.00% |
For 2024, Heritage Bank's most frequently originated type of loan was Conventional, with 272 originations.
Loan Reason
For 2024, Heritage Bank's most frequently cited loan purpose was Other, with 119 originations. The 2nd most popular reason was Refi, with 79 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 272 | $55,730,000 | $204,890 | $0 | 0.00% |
For 2024, Heritage Bank's most frequently cited loan duration was Other, with 272 originations.
Loan Sizing
2024 saw Heritage Bank place emphasis on $100,000 or less loans with 124 originations, totaling $7,040,000 in origination value.
Applicant Income
Heritage Bank lent most frequently to those with incomes in the $150k-250k range, with 55 originations. The second most popular income band? $75k-100k, with 52 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 272 | $55,730,000 | $204,890 | $0 | 0.00% |
Heritage Bank lent most frequently to those with DTI ratios of Exempt%, with 272 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.96%
Heritage Bank has a below average approval rate.
Pick Rate
Approvals leading to origination88.24%
Heritage Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 272 | $55,730,000 | $204,890 |