Heartland Mortgage Rates, Fees & Info
Springfield, ILLEI: 549300YPQDQJM78AYS70
Tax ID: 37-0665733
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Heartland is a smaller mortgage company specializing in Home Purchase loans. Heartland has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Chicago, Taylorville, Jacksonville, and Cape Girardeau among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Heartland has an above average approval rate when compared to the average across all lenders. They have an above 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.38% | 12/16/24 |
| 30 Year Conventional Refi | 6.33% | 12/16/24 |
| 30 Year Cash-out Refi | 6.46% | 12/16/24 |
| 15 Year Conventional Purchase | 6.24% | 12/16/24 |
| 15 Year Conventional Refi | 5.84% | 12/16/24 |
| 15 Year Cash-out Refi | 5.84% | 12/16/24 |
| 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 Mortgage Calculator
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This is not an official calculator from Heartland. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
294Origination Dollar Volume (All Markets)
$29,660,000Top 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 |
|---|---|---|---|---|---|
| SPRINGFIELD, IL (FHA|USDA|VA) | 262 | $26,460,000 | $100,992 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $0 | 0.00% |
| Taylorville, IL (FHA|USDA|VA) | 6 | $530,000 | $88,333 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $375,000 | $75,000 | $0 | 0.00% |
| Jacksonville, IL (FHA|USDA|VA) | 5 | $375,000 | $75,000 | $0 | 0.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 0.00% |
| Lincoln, IL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 0.00% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against HEARTLAND 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 | 294 | $29,660,000 | $100,884 | $0 | 0.00% |
For 2018, Heartland's most frequently originated type of loan was Conventional, with 294 originations.
Loan Reason
For 2018, Heartland's most frequently cited loan purpose was Home Purchase, with 165 originations. The 2nd most popular reason was Cash Out Refi, with 55 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 294 | $29,660,000 | $100,884 | $0 | 0.00% |
For 2018, Heartland's most frequently cited loan duration was Other, with 294 originations.
Loan Sizing
2018 saw Heartland place emphasis on $100,000 or less loans with 161 originations, totaling $8,755,000 in origination value.
Applicant Income
Heartland lent most frequently to those with incomes in the $50k or less range, with 75 originations. The second most popular income band? $50k-75k, with 73 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 294 | $29,660,000 | $100,884 | $0 | 0.00% |
Heartland lent most frequently to those with DTI ratios of Exempt%, with 294 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 285 | $29,145,000 | $102,263 | $0 | 0.00% |
| Black | 8 | $490,000 | $61,250 | $0 | 0.00% |
| Asian | 1 | $25,000 | $25,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications93.82%
Heartland has an average approval rate.
Pick Rate
Approvals leading to origination91.50%
Heartland has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 294 | $29,660,000 | $100,884 |