Heartland Bank Mortgage Rates, Fees & Info

Whitehall, OH

LEI: 549300Y7OEG60MGTKK54

Tax ID: 31-4159950

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Mortgage Data

Bank Data

Review & Overview

Heartland Bank is a smaller bank specializing in Home Purchase loans. Heartland Bank has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Mount Vernon, Miami, Cape Coral, and Tampa among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

Heartland 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.

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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 4.79% 12/7/24
30 Year Conventional Purchase 6.71% 12/7/24
30 Year Conventional Refi 6.59% 12/7/24
30 Year Cash-out Refi 6.88% 12/7/24
30 Year FHA Purchase 6.65% 12/7/24
30 Year FHA Refi 6.27% 12/7/24
30 Year VA Purchase 6.29% 12/7/24
30 Year VA Refi 6.27% 12/7/24
30 Year USDA Purchase 6.19% 12/7/24
15 Year Conventional Purchase 5.88% 12/7/24
15 Year Conventional Refi 5.96% 12/7/24
15 Year Cash-out Refi 5.96% 12/7/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Heartland Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Heartland Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

293

Origination Dollar Volume (All Markets)

$128,265,000

Employee count

225

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
COLUMBUS, OH (FHA|USDA|VA) 275 $123,895,000 $450,527 $0 0.00%
Mount Vernon, OH (FHA|USDA|VA) 5 $885,000 $177,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $805,000 $805,000 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $545,000 $545,000 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $535,000 $535,000 $0 0.00%
Marion, OH (FHA|USDA|VA) 2 $340,000 $170,000 $0 0.00%
Norwalk, OH (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
KNOXVILLE, TN (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Coshocton, OH (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
AKRON, OH (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Traverse City, MI (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Zanesville, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Chillicothe, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Heartland Bank's top markets include Columbus, Mount Vernon, Miami, Cape Coral, and Tampa among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Heartland Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 293 $128,265,000 $437,765 $0 0.00%

    For 2019, Heartland Bank's most frequently originated type of loan was Conventional, with 293 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 134 $85,400,000 $637,313 $0 0.00%
    Refi 85 $24,945,000 $293,471 $0 0.00%
    Cash Out Refi 58 $15,990,000 $275,690 $0 0.00%
    Home Improvement 8 $1,420,000 $177,500 $0 0.00%
    Other 8 $510,000 $63,750 $0 0.00%

    For 2019, Heartland Bank's most frequently cited loan purpose was Home Purchase, with 134 originations. The 2nd most popular reason was Refi, with 85 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 293 $128,265,000 $437,765 $0 0.00%

    For 2019, Heartland Bank's most frequently cited loan duration was Other, with 293 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 99 $14,665,000 $148,131 $0 0.00%
    $200k-400k 85 $24,285,000 $285,706 $0 0.00%
    $100,000 or less 56 $3,460,000 $61,786 $0 0.00%
    $400k-600k 25 $12,065,000 $482,600 $0 0.00%
    $1MM+ 19 $66,175,000 $3,482,895 $0 0.00%
    $600k-1MM 9 $7,615,000 $846,111 $0 0.00%

    2019 saw Heartland Bank place emphasis on $100k-200k loans with 99 originations, totaling $14,665,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 54 $13,720,000 $254,074 $0 0.00%
    $250k+ 49 $27,335,000 $557,857 $0 0.00%
    $150k-250k 45 $12,605,000 $280,111 $0 0.00%
    $50k-75k 44 $6,250,000 $142,045 $0 0.00%
    $50k or less 27 $2,435,000 $90,185 $0 0.00%
    $75k-100k 25 $4,295,000 $171,800 $0 0.00%

    Heartland Bank lent most frequently to those with incomes in the $100k-150k range, with 54 originations. The second most popular income band? $250k+, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 293 $128,265,000 $437,765 $0 0.00%

    Heartland Bank lent most frequently to those with DTI ratios of Exempt%, with 293 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 246 $67,600,000 $274,797 $0 0.00%
    Not applicable 24 $56,290,000 $2,345,417 $0 0.00%
    Not provided 12 $2,550,000 $212,500 $0 0.00%
    Black 6 $1,070,000 $178,333 $0 0.00%
    Asian 3 $435,000 $145,000 $0 0.00%
    Other Asian 1 $185,000 $185,000 $0 0.00%
    Other Pacific Islander 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.18%

    Heartland Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.35%

    Heartland Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 293 $128,265,000 $437,765

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $52,815,000 $4,801,364
    Single Family (1-4 Units):Manufactured 2 $210,000 $105,000
    Single Family (1-4 Units):Site-Built 280 $75,240,000 $268,714

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Heartland Bank 101 South High Street Columbus, OH 43215 Full Service B&M $45,450
    Heartland Bank 12 North Main Street Croton, OH 43013 Full Service B&M $19,150
    Heartland Bank 130 North Wilson Road Columbus, OH 43204 Full Service B&M $44,543
    Heartland Bank 165 Highbluffs Blvd Columbus, OH 43235 Limited, Mobile/Seasonal Office $7,349
    Heartland Bank 1800 West Lane Avenue Upper Arlington, OH 43221 Full Service B&M $13,696
    Heartland Bank 2365 Old Stringtown Rd Grove City, OH 43123 Full Service B&M $90,833
    Heartland Bank 3971 Main St Hilliard, OH 43026 Full Service B&M $32,204
    Heartland Bank 421 Hill Road North Pickerington, OH 43147 Full Service B&M $29,142
    Heartland Bank 430 North Hamilton Road Whitehall, OH 43213 Full Service B&M $14,785
    Heartland Bank 44 West Locust Street Newark, OH 43055 Full Service B&M $63,189
    Heartland Bank 4476 North High Street Columbus, OH 43214 Full Service B&M $15,035
    Heartland Bank 450 South State Street Westerville, OH 43081 Full Service B&M $79,241
    Heartland Bank 5800 Forest Hills Blvd Columbus, OH 43231 Limited, Mobile/Seasonal Office $2,627
    Heartland Bank 6000 Riverside Drive Dublin, OH 43017 Limited, Mobile/Seasonal Office $13,298
    Heartland Bank 6500 Frantz Road Dublin, OH 43017 Full Service B&M $94,132
    Heartland Bank 67 North Stygler Road Gahanna, OH 43230 Full Service B&M $38,770
    Heartland Bank 6887 East Main Stret Reynoldsburg, OH 43068 Full Service B&M $159,829
    Heartland Bank 730 West Coshocton St Johnstown, OH 43031 Full Service B&M $53,937
    Heartland Bank 850 North Hamilton Road Gahanna, OH 43230 Full Service B&M $117,230

    For 2019, Heartland Bank had 19 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $50,941
    Net interest income $40,187
    Total noninterest income $6,192
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,082
    Trading account gains and fees $0
    Additional Noninterest Income $5,110
    Pre-tax net operating income $16,557
    Securities gains (or losses, -) $0
    Income before extraordinary items $13,549
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $13,549
    Minority interest net income $0
    Net income $13,549
    Sale, conversion, retirement of capital stock, net $661
    Net operating income $13,549

    Heartland Bank's gross interest income from loans was $50,941,000.
    Heartland Bank's net interest income from loans was $40,187,000.
    Heartland Bank's fee based income from loans was $1,082,000.
    Heartland Bank's net income from loans was $13,549,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $10,754
    Provision for credit losses $1,500
    Total noninterest expense $28,322
    Salaries and employee benefits $17,071
    Premises and equipment expense $3,841
    Additional noninterest expense $7,410
    Applicable income taxes $3,008
    Net charge-offs $280
    Cash dividends $4,474

    Heartland Bank's interest expense for loans was $10,754,000.
    Heartland Bank's payroll and benefits expense were $17,071,000.
    Heartland Bank's property, plant and equipment expenses $3,841,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $953,476
    Deposits held in domestic offices $953,476
    Deposits by Individuals, partnerships, and corporations $914,384
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $39,092
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $77,134
    Demand deposits $60,949
    Nontransaction accounts $876,342
    Money market deposit accounts (MMDAs) $195,880
    Other savings deposits (excluding MMDAs) $348,696
    Total time deposits $331,766
    Total time and savings deposits $892,527
    Noninterest-bearing deposits $258,019
    Interest-bearing deposits $695,457
    Retail deposits $884,076
    IRAs and Keogh plan accounts $32,631
    Brokered deposits $5,333
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,112,506
    Cash & Balances due from depository institutions $19,154
    Interest-bearing balances $4,505
    Total securities $139,976
    Federal funds sold & reverse repurchase $0
    Net loans and leases $890,855
    Loan and leases loss allowance $8,767
    Trading account assets $0
    Bank premises and fixed assets $32,462
    Other real estate owned $0
    Goodwill and other intangibles $774
    All other assets $29,285

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,112,506
    Total Liabilities $987,076
    Total deposits $953,476
    Interest-bearing deposits $695,457
    Deposits held in domestic offices $953,476
    % insured (estimated) $61
    Federal funds purchased and repurchase agreements $11,334
    Trading liabilities $0
    Other borrowed funds $17,285
    Subordinated debt $0
    All other liabilities $4,981

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $890,855
    Loan and leases loss allowance $8,767
    Total loans and leases (domestic) $899,622
    All real estate loans $768,311
    Real estate loans in domestic offices $768,311
    Construction and development loans $82,748
    Residential 1-4 family construction $29,986
    Other construction, all land development and other land $52,762
    Loans secured by nonfarm nonresidential properties $373,306
    Nonfarm nonresidential secured by owner-occupied properties $189,657
    Commercial real estate & other non-farm, non-residential $183,649
    Multifamily residential real estate $40,650
    1-4 family residential loans $233,344
    Farmland loans $38,263
    Loans held in foreign offices $0
    Farm loans $30,238
    Commercial and industrial loans $78,560
    To non-U.S. addressees $0
    Loans to individuals $9,057
    Credit card loans $3,524
    Related Plans $18
    Consumer Auto Loans $2,989
    Other loans to individuals $2,526
    All other loans & leases $13,456
    Loans to foreign governments and official institutions $0
    Other loans $1,895
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $341
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Heartland Bank had $890,855,000 of loans outstanding in 2019. $768,311,000 of loans were in real estate loans. $82,748,000 of loans were in development loans. $40,650,000 of loans were in multifamily mortgage loans. $233,344,000 of loans were in 1-4 family mortgage loans. $30,238,000 of loans were in farm loans. $3,524,000 of loans were in credit card loans. $2,989,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 411 $130,826 $318,311
    Nonfarm, nonresidential loans - <$100k 57 $3,228 $56,632
    Nonfarm, nonresidential loans - $100-250k 135 $19,209 $142,289
    Nonfarm, nonresidential loans - $250k-1MM 219 $108,389 $494,927
    Commercial & Industrial, US addressed loans - <$1MM 466 $59,355 $127,371
    Commercial & Industrial, US addressed loans - <$100k 240 $7,083 $29,513
    Commercial & Industrial, US addressed loans - $100-250k 110 $12,892 $117,200
    Commercial & Industrial, US addressed loans - $250k-1MM 116 $39,380 $339,483
    Farmland loans - <$1MM 95 $8,054 $84,779
    Farmland loans - <$100k 17 $627 $36,882
    Farmland loans - $100-250k 34 $1,852 $54,471
    Farmland loans - $250k-1MM 44 $5,575 $126,705
    Agriculture operations loans - <$1MM 127 $12,238 $96,362
    Agriculture operations loans - <$100k 76 $2,559 $33,671
    Agriculture operations loans - $100-250k 28 $3,461 $123,607
    Agriculture operations loans - $250k-1MM 23 $6,218 $270,348