Heritage Bank 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%
18th21.2% deniedProcesswithdrawn + incomplete share, weight 15%
72nd7.0%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 349 | 331 | 4.6% | 4.6% | — | $55M |
| 2024 | 385 | 272 | 21.0% | 22.8% | — | $56M |
| 2025 | 427 | 313 | 19.7% | 21.2% | — | $51M |
What Heritage Bank 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, 19 manufactured homes, 19 investment properties.
Who gets approved at Heritage Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 63 | 34 | 41.4% |
| $50k – $100k | 142 | 104 | 20.0% |
| $100k – $150k | 87 | 62 | 25.3% |
| $150k – $250k | 72 | 57 | 16.2% |
| Over $250k | 40 | 34 | 5.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 43 | 27 | 32.5% |
| 35–44 | 89 | 59 | 27.2% |
| 45–54 | 74 | 52 | 22.4% |
| 55–64 | 99 | 79 | 16.8% |
| 65–74 | 76 | 57 | 19.7% |
| Over 74 | 30 | 23 | 14.8% |
Where Heritage Bank lends
4 states and 20 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Heritage Bank denied 21.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 18th percentile of small mortgage lenders.
In 2025, 7% of its applications were for home purchases, 29% for refinancing (including cash-out), and 64% for home improvement or other purposes. By loan type: 100% 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.