American Heritage Lending Mortgage Rates, Fees & Info

COSTA MESA, CA

LEI: 549300ZPSJZO10ZAX556

Tax ID: 26-2301259

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    American Heritage Lending is a smaller mortgage company specializing in Refi and Cash Out Refi loans. American Heritage Lending has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, Riverside, San Diego, Seattle, and Oxnard among others. We have data for 39 markets. (Some data included below & more in-depth data is available with an active subscription.)

    American Heritage Lending 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. American Heritage Lending 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.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 8.90% 12/3/24
    30 Year Conventional Refi 7.48% 12/3/24
    30 Year Cash-out Refi 8.51% 12/3/24
    30 Year FHA Purchase 7.49% 12/3/24
    30 Year VA Purchase 6.27% 12/3/24
    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.

    American Heritage Lending Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from American Heritage Lending. 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

    200

    Origination Dollar Volume (All Markets)

    $68,650,000
    Show all (6) awards

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 55 $23,545,000 $428,091 $3,125 2.88%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 26 $8,400,000 $323,077 $3,483 3.13%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 16 $5,440,000 $340,000 $3,115 3.05%
    Outside of Metro Areas 16 $5,020,000 $313,750 $3,083 3.03%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 13 $3,675,000 $282,692 $2,922 2.86%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 6 $2,170,000 $361,667 $2,789 2.98%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 7 $2,145,000 $306,429 $3,505 3.18%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 8 $2,100,000 $262,500 $4,470 3.22%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 6 $2,050,000 $341,667 $3,151 2.60%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $1,590,000 $397,500 $2,985 3.22%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 5 $1,525,000 $305,000 $3,191 3.20%
    NAPA, CA (FHA|USDA|VA) 2 $1,000,000 $500,000 $2,830 2.88%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $860,000 $430,000 $2,946 2.81%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $710,000 $355,000 $2,838 2.88%
    REDDING, CA (FHA|USDA|VA) 2 $640,000 $320,000 $2,793 2.88%
    TUCSON, AZ (FHA|USDA|VA) 2 $640,000 $320,000 $4,108 2.44%
    FRESNO, CA (FHA|USDA|VA) 2 $630,000 $315,000 $5,278 2.56%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $550,000 $275,000 $4,959 2.44%
    SALINAS, CA (FHA|USDA|VA) 1 $505,000 $505,000 $2,895 2.63%
    MODESTO, CA (FHA|USDA|VA) 2 $470,000 $235,000 $2,318 2.88%
    Hood River, OR (FHA|USDA|VA) 1 $455,000 $455,000 $4,616 3.50%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $420,000 $210,000 $2,969 2.63%
    BELLINGHAM, WA (FHA|USDA|VA) 1 $335,000 $335,000 $3,666 2.63%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $305,000 $305,000 $2,740 2.75%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $295,000 $295,000 $1,770 2.25%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $295,000 $295,000 $5,851 3.63%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $295,000 $295,000 $3,791 3.38%
    GREELEY, CO (FHA|USDA|VA) 1 $285,000 $285,000 $8,395 2.75%
    STOCKTON, CA (FHA|USDA|VA) 1 $275,000 $275,000 $2,740 2.75%
    Show Low, AZ (FHA|USDA|VA) 1 $265,000 $265,000 $0 2.75%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $255,000 $255,000 $2,886 2.88%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $235,000 $235,000 $4,911 2.75%
    YAKIMA, WA (FHA|USDA|VA) 1 $235,000 $235,000 $3,692 3.38%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $230,000 $115,000 $5,985 3.00%
    MERCED, CA (FHA|USDA|VA) 1 $195,000 $195,000 $2,665 2.88%
    ROANOKE, VA (FHA|USDA|VA) 1 $185,000 $185,000 $2,635 2.88%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $165,000 $165,000 $1,790 2.88%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $135,000 $135,000 $6,371 3.38%
    EL CENTRO, CA (FHA|USDA|VA) 1 $125,000 $125,000 $2,665 2.88%
    American Heritage Lending's top markets include Los Angeles, Riverside, San Diego, Seattle, and Oxnard among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)

    • Similar Lenders

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

    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 304
    METROPLEX MORTGAGE SERVICES, INC.
    Similarity Rank: 372
    We Florida Financial
    Similarity Rank: 638
    Christian Community Credit Union
    Similarity Rank: 716
    Emory Alliance Credit Union
    Similarity Rank: 855
    POWER FINANCIAL
    Similarity Rank: 870
    WINNPOINTE CORPORATION
    Similarity Rank: 924
    Corporate Investors Mortgage Group, Inc.
    Similarity Rank: 924
    SANCTUARY HOME MORTGAGE LLC
    Similarity Rank: 932
    THE MONEY HOUSE INC.
    Similarity Rank: 946

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 196 $67,460,000 $344,184 $3,224 2.97%
    FHA 3 $955,000 $318,333 $9,026 2.75%
    VA 1 $235,000 $235,000 $4,911 2.75%

    For 2020, American Heritage Lending's most frequently originated type of loan was Conventional, with 196 originations. Their 2nd most popular type was FHA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 134 $46,600,000 $347,761 $3,080 2.88%
    Cash Out Refi 55 $18,205,000 $331,000 $3,560 3.08%
    Home Purchase 11 $3,845,000 $349,545 $5,501 3.39%

    For 2020, American Heritage Lending's most frequently cited loan purpose was Refi, with 134 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
    30 Year 178 $62,520,000 $351,236 $3,407 3.02%
    15 Year 16 $4,510,000 $281,875 $2,748 2.48%
    20 Year 3 $875,000 $291,667 $2,780 2.75%
    10 Year 2 $510,000 $255,000 $2,703 2.38%
    Other 1 $235,000 $235,000 $1,970 2.88%

    For 2020, American Heritage Lending's most frequently cited loan duration was 30 Year, with 178 originations. The 2nd most popular length was 15 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 145 $52,795,000 $364,103
    $<1k 17 $4,835,000 $284,412
    $2k-3k 10 $2,840,000 $284,000
    $4k-5k 6 $1,530,000 $255,000
    $3k-4k 5 $1,895,000 $379,000
    $5k+ 2 $870,000 $435,000

    American Heritage Lending's average total fees were $3,407, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 145 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 115 $40,465,000 $351,870
    3-4% 57 $19,995,000 $350,789
    <2.5% 25 $7,145,000 $285,800
    4-5% 3 $1,045,000 $348,333

    During 2020, American Heritage Lending's average interest rate for loans was 3.02%, while their most frequently originated rate bucket for loans was 2.5-3%, with 115 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 117 $36,075,000 $308,333 $3,281 2.95%
    $400k-600k 50 $24,070,000 $481,400 $3,512 3.02%
    $100k-200k 27 $4,425,000 $163,889 $3,238 2.92%
    $600k-1MM 6 $4,080,000 $680,000 $2,986 2.85%

    2020 saw American Heritage Lending place emphasis on $200k-400k loans with 117 originations, totaling $36,075,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 58 $20,450,000 $352,586 $3,342 3.01%
    $150k-250k 58 $22,240,000 $383,448 $3,258 2.92%
    $75k-100k 36 $11,760,000 $326,667 $3,332 2.95%
    $50k-75k 26 $6,790,000 $261,154 $3,382 2.95%
    $250k+ 16 $6,430,000 $401,875 $3,176 3.04%
    $50k or less 6 $980,000 $163,333 $3,981 2.83%

    American Heritage Lending lent most frequently to those with incomes in the $100k-150k range, with 58 originations. The second most popular income band? $150k-250k, with 58 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 46 $16,340,000 $355,217 $3,017 2.93%
    30-36% 28 $10,960,000 $391,429 $2,995 2.91%
    <20% 15 $4,665,000 $311,000 $2,901 2.74%
    38% 14 $4,600,000 $328,571 $3,269 2.84%
    44% 13 $4,155,000 $319,615 $3,983 2.93%
    40% 11 $4,265,000 $387,727 $4,660 3.34%
    48% 10 $4,030,000 $403,000 $3,435 2.90%
    37% 10 $3,140,000 $314,000 $3,538 3.13%
    49% 9 $3,215,000 $357,222 $3,564 3.25%
    41% 8 $2,550,000 $318,750 $3,096 3.03%
    39% 7 $2,105,000 $300,714 $3,524 2.75%
    46% 7 $1,845,000 $263,571 $3,458 3.07%
    36% 6 $1,780,000 $296,667 $3,107 2.92%
    45% 5 $1,135,000 $227,000 $2,619 2.90%
    42% 4 $1,640,000 $410,000 $3,164 3.06%
    43% 3 $855,000 $285,000 $3,741 3.25%
    47% 2 $870,000 $435,000 $3,068 3.19%
    50-60% 1 $265,000 $265,000 $7,815 2.75%

    American Heritage Lending lent most frequently to those with DTI ratios of 20-30%, with 46 originations. The next most common DTI ratio? 30-36%, with 28 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 167 $57,965,000 $347,096 $3,302 2.96%
    Asian 24 $8,420,000 $350,833 $3,343 2.98%
    Black 9 $2,265,000 $251,667 $3,801 2.86%

    Approval Rates

    Total approvals of all applications
    92.31%

    American Heritage Lending has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.00%

    American Heritage Lending has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 200 $68,650,000 $343,250

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 200 $68,650,000 $343,250

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $6,390,000 $266,250 $2,868 2.81%
    40-60% 61 $20,055,000 $328,770 $2,910 2.87%
    60-80% 94 $34,440,000 $366,383 $3,392 3.07%
    80-100% 20 $7,340,000 $367,000 $4,694 2.96%
    Under 20% 1 $425,000 $425,000 $3,240 2.63%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    AMERICAN HOME MORTGAGE, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 100.0%