Heritage Bank & Trust 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%
36th13.2% deniedProcesswithdrawn + incomplete share, weight 15%
43rd13.0%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 153 | 129 | 3.9% | 4.4% | — | $30M |
| 2024 | 117 | 74 | 16.2% | 20.0% | — | $23M |
| 2025 | 131 | 98 | 11.5% | 13.2% | — | $31M |
What Heritage Bank & Trust 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, 5 manufactured homes, 43 investment properties.
Who gets approved at Heritage Bank & Trust
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 52 | 39 | 17.0% |
| $100k – $150k | 25 | 20 | 8.7% |
| Over $250k | 21 | 17 | 5.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 30 | 22 | 21.4% |
| 35–44 | 29 | 19 | 13.0% |
| 45–54 | 22 | 18 | 5.3% |
| 55–64 | 21 | 17 | 10.5% |
Where Heritage Bank & Trust lends
3 states and 16 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Tennessee | 126 | 94 | 11.1% | — | #284 |
Frequently asked questions
Heritage Bank & Trust denied 13.2% 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.
In 2025, 62% of its applications were for home purchases, 37% for refinancing (including cash-out), and 1% for home improvement or other purposes. By loan type: 95% conventional, 0% FHA, 0% 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.