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

Jump to:

  • 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, Cash Out Refi, and Home Purchase 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, San Diego, Riverside, Phoenix, and Seattle among others. We have data for 19 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% 12/4/24
    30 Year Conventional Refi 7.48% 12/4/24
    30 Year Cash-out Refi 8.51% 12/4/24
    30 Year FHA Purchase 7.49% 12/4/24
    30 Year VA Purchase 6.27% 12/4/24
    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

    104

    Origination Dollar Volume (All Markets)

    $40,660,000

    Awards

    AMERICAN HERITAGE LENDING 30 Year Conventional Loans gold AMERICAN HERITAGE LENDING 30 Year Conventional Loans bronze AMERICAN HERITAGE LENDING 30 Year Conventional Loans bronze
    Show all (3) 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) 40 $18,220,000 $455,500 $3,210 2.84%
    Outside of Metro Areas 14 $5,550,000 $396,429 $3,721 3.10%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 9 $3,385,000 $376,111 $4,148 3.03%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 7 $2,095,000 $299,286 $4,691 2.89%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 8 $1,870,000 $233,750 $4,517 2.66%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $1,355,000 $451,667 $2,661 3.04%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 4 $1,310,000 $327,500 $3,704 3.09%
    Hood River, OR (FHA|USDA|VA) 2 $1,040,000 $520,000 $3,445 3.19%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $960,000 $480,000 $3,203 3.25%
    TUCSON, AZ (FHA|USDA|VA) 4 $960,000 $240,000 $3,032 3.56%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $920,000 $460,000 $2,650 2.69%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $640,000 $320,000 $3,385 3.00%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $475,000 $475,000 $0 3.49%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $405,000 $405,000 $2,740 3.00%
    REDDING, CA (FHA|USDA|VA) 1 $405,000 $405,000 $3,440 2.88%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $365,000 $365,000 $4,509 2.63%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $265,000 $265,000 $3,352 2.88%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $255,000 $255,000 $5,852 2.50%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $7,355 1.88%
    American Heritage Lending's top markets include Los Angeles, San Diego, Riverside, Phoenix, and Seattle among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Florida (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: 167
    Emory Alliance Credit Union
    Similarity Rank: 305
    Christian Community Credit Union
    Similarity Rank: 354
    AMOCO
    Similarity Rank: 405
    POWER FINANCIAL
    Similarity Rank: 768
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 825
    First City Credit Union
    Similarity Rank: 1026
    NEAL COMMUNITIES FUNDING, LLC
    Similarity Rank: 1048
    AAXY L.L.C.
    Similarity Rank: 1188
    AMERICAN HOME MORTGAGE, INC.
    Similarity Rank: 1218

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 100 $39,090,000 $390,900 $3,446 2.93%
    FHA 2 $540,000 $270,000 $9,358 3.25%
    VA 2 $1,030,000 $515,000 $10,774 2.88%

    For 2021, American Heritage Lending's most frequently originated type of loan was Conventional, with 100 originations. Their 2nd most popular type was FHA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 51 $19,605,000 $384,412 $3,233 2.77%
    Cash Out Refi 35 $12,495,000 $357,000 $3,592 2.96%
    Home Purchase 18 $8,560,000 $475,556 $5,691 3.33%

    For 2021, American Heritage Lending's most frequently cited loan purpose was Refi, with 51 originations. The 2nd most popular reason was Cash Out Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 87 $35,595,000 $409,138 $3,694 3.01%
    15 Year 14 $3,940,000 $281,429 $3,578 2.46%
    20 Year 3 $1,125,000 $375,000 $2,697 2.92%

    For 2021, American Heritage Lending's most frequently cited loan duration was 30 Year, with 87 originations. The 2nd most popular length was 15 Year, with 14 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 94 $37,890,000 $403,085
    $2k-3k 3 $985,000 $328,333
    $<1k 2 $540,000 $270,000
    $4k-5k 2 $540,000 $270,000
    $5k+ 2 $550,000 $275,000
    $3k-4k 1 $155,000 $155,000

    American Heritage Lending's average total fees were $3,694, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 94 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 57 $21,875,000 $383,772
    3-4% 30 $12,990,000 $433,000
    <2.5% 16 $5,440,000 $340,000
    4-5% 1 $355,000 $355,000

    During 2021, American Heritage Lending's average interest rate for loans was 3.01%, while their most frequently originated rate bucket for loans was 2.5-3%, with 57 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 54 $16,790,000 $310,926 $3,700 2.89%
    $400k-600k 31 $14,945,000 $482,097 $3,501 2.98%
    $100k-200k 10 $1,590,000 $159,000 $3,650 2.95%
    $600k-1MM 7 $4,955,000 $707,857 $3,793 2.89%
    $1MM+ 2 $2,380,000 $1,190,000 $3,810 3.38%

    2021 saw American Heritage Lending place emphasis on $200k-400k loans with 54 originations, totaling $16,790,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 36 $14,230,000 $395,278 $3,420 2.90%
    $250k+ 21 $10,445,000 $497,381 $3,142 2.98%
    $150k-250k 19 $7,895,000 $415,526 $4,136 2.87%
    $75k-100k 15 $5,065,000 $337,667 $3,404 2.98%
    $50k or less 7 $1,585,000 $226,429 $4,950 3.13%
    $50k-75k 6 $1,440,000 $240,000 $3,880 2.81%

    American Heritage Lending lent most frequently to those with incomes in the $100k-150k range, with 36 originations. The second most popular income band? $250k+, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 24 $10,770,000 $448,750 $3,150 2.91%
    39% 7 $3,415,000 $487,857 $3,687 3.04%
    46% 7 $1,885,000 $269,286 $3,389 3.11%
    40% 7 $2,695,000 $385,000 $3,652 3.00%
    <20% 7 $2,295,000 $327,857 $2,960 2.63%
    48% 6 $2,260,000 $376,667 $3,743 2.79%
    43% 6 $2,370,000 $395,000 $6,234 3.02%
    44% 6 $2,320,000 $386,667 $3,735 2.83%
    41% 6 $1,970,000 $328,333 $3,515 3.06%
    38% 5 $2,115,000 $423,000 $2,816 2.75%
    50-60% 4 $1,600,000 $400,000 $3,489 2.91%
    30-36% 4 $1,350,000 $337,500 $3,182 2.88%
    47% 3 $1,485,000 $495,000 $4,257 2.96%
    42% 2 $1,180,000 $590,000 $4,632 3.19%
    36% 2 $740,000 $370,000 $3,265 2.81%
    37% 2 $550,000 $275,000 $4,382 3.19%
    45% 2 $620,000 $310,000 $2,740 3.13%
    49% 2 $380,000 $190,000 $4,920 2.44%
    >60% 1 $405,000 $405,000 $0 3.88%

    American Heritage Lending lent most frequently to those with DTI ratios of 20-30%, with 24 originations. The next most common DTI ratio? 39%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 90 $35,960,000 $399,556 $3,502 2.93%
    Asian 7 $2,585,000 $369,286 $2,893 2.93%
    Black 7 $2,115,000 $302,143 $6,082 2.93%

    Approval Rates

    Total approvals of all applications
    98.37%

    American Heritage Lending 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
    83.65%

    American Heritage Lending has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 104 $40,660,000 $390,962

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    104 $40,660,000 $390,962

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $2,890,000 $289,000 $3,123 2.91%
    40-60% 40 $14,290,000 $357,250 $3,371 2.76%
    60-80% 46 $20,080,000 $436,522 $3,562 3.06%
    80-100% 6 $2,950,000 $491,667 $6,069 3.17%
    Over 100% 1 $295,000 $295,000 $10,774 2.75%
    Under 20% 1 $155,000 $155,000 $3,490 2.88%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    AMERICAN PACIFIC MORTGAGE FHA mortgage Trouble during payment process 1 3.6%
    AMERICAN PACIFIC MORTGAGE Home equity loan or line of credit (HELOC) Closing on a mortgage 1 3.6%
    AMERICAN PACIFIC MORTGAGE VA mortgage Closing on a mortgage 1 3.6%
    AMERICAN PACIFIC MORTGAGE Conventional home mortgage Closing on a mortgage 1 3.6%
    AMERICAN PACIFIC MORTGAGE Conventional home mortgage Incorrect information on your report 1 3.6%
    AMERICAN PACIFIC MORTGAGE Conventional home mortgage Trouble during payment process 21 75.0%
    AMERICAN PACIFIC MORTGAGE FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.6%
    AMERICAN PACIFIC MORTGAGE FHA mortgage Closing on a mortgage 1 3.6%