Heritage Mortgage at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A 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%
92nd1.3% deniedPricingmedian rate spread over APOR, weight 30%
93rd-0.27 ptsProcesswithdrawn + incomplete share, weight 15%
16th21.5%Closing coststotal loan costs ÷ loan amount, weight 10%
56th1.77% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 648 | 492 | 0.3% | 0.4% | 6.38% | $161M |
| 2024 | 1,170 | 913 | 1.4% | 1.7% | 6.25% | $295M |
| 2025 | 1,245 | 962 | 1.0% | 1.3% | 5.99% | $312M |
What Heritage Mortgage 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, 0 manufactured homes, 46 investment properties.
Why Heritage Mortgage denies applications
Primary reason reported for each of the 13 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Heritage Mortgage
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 55 | 31 | 6.1% |
| $50k – $100k | 453 | 358 | 2.5% |
| $100k – $150k | 433 | 346 | 0.3% |
| $150k – $250k | 251 | 189 | 0.5% |
| Over $250k | 51 | 38 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 64 | 50 | 0.0% |
| 25–34 | 388 | 317 | 0.6% |
| 35–44 | 269 | 203 | 2.4% |
| 45–54 | 215 | 161 | 2.4% |
| 55–64 | 179 | 133 | 0.7% |
| 65–74 | 98 | 74 | 1.3% |
| Over 74 | 32 | 24 | 0.0% |
Where Heritage Mortgage lends
6 states and 37 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Heritage Mortgage denied 1.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 92nd percentile of small mortgage lenders.
The most common reason Heritage Mortgage gave in 2025 was "debt-to-income ratio", cited on 69.2% 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 Heritage Mortgage originated in 2025 was 5.99%, and its median rate spread over the average prime offer rate was -0.27 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 100% of its applications were for home purchases, 0% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 42% conventional, 38% FHA, 20% 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.