First Heritage Financial at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
36th13.0% deniedPricingmedian rate spread over APOR, weight 30%
58th0.21 ptsProcesswithdrawn + incomplete share, weight 15%
84th3.6%Closing coststotal loan costs ÷ loan amount, weight 10%
17th3.12% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 347 | 302 | 7.5% | 7.9% | 6.75% | $60M |
| 2024 | 457 | 369 | 10.1% | 11.0% | 6.50% | $81M |
| 2025 | 501 | 417 | 12.6% | 13.0% | 6.30% | $99M |
What First Heritage Financial lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 2 manufactured homes, 16 investment properties.
Why First Heritage Financial denies applications
Primary reason reported for each of the 63 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at First Heritage Financial
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 102 | 76 | 20.8% |
| $50k – $100k | 241 | 199 | 12.2% |
| $100k – $150k | 90 | 82 | 7.9% |
| $150k – $250k | 56 | 48 | 14.3% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 41 | 37 | 9.8% |
| 25–34 | 146 | 121 | 12.3% |
| 35–44 | 124 | 106 | 8.6% |
| 45–54 | 95 | 78 | 17.0% |
| 55–64 | 59 | 49 | 12.1% |
| 65–74 | 26 | 19 | 24.0% |
Where First Heritage Financial lends
13 states and 71 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Pennsylvania | 429 | 356 | 13.3% | 6.38% | #174 |
| New Jersey | 23 | 20 | 13.0% | 6.63% | #434 |
| Missouri | 21 | 17 | 4.8% | 6.25% | #429 |
| Delaware | 14 | 14 | 0.0% | 6.19% | #211 |
Frequently asked questions
First Heritage Financial denied 13.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 36th percentile of small mortgage lenders.
The most common reason First Heritage Financial gave in 2025 was "incomplete application", cited on 28.6% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans First Heritage Financial originated in 2025 was 6.30%, and its median rate spread over the average prime offer rate was 0.21 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 91% of its applications were for home purchases, 9% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 55% conventional, 40% FHA, 2% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.