Heritage Bank USA, Inc. Mortgage Lending & HMDA Data, 2018
In 2018, Heritage Bank USA, Inc. of Hopkinsville, KY reported 581 mortgage applications totaling $107.2 million, down 3% from 2017. The average application was for $184,466, and applicants reported an average income of $92,528. 78% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Clarksville, TN-KY (289), Nashville-Davidson--Murfreesboro--Franklin, TN (131) and Memphis, TN-MS-AR (4) (applications in parentheses).
| Mortgage Company & Address | Heritage Bank USA, Inc. 4155 Lafayette Rd Hopkinsville, KY 42241 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 |
| Total Number of Mortgage Applications | 581 |
| Total Mortgage Loan Application Amount | $107,175,000 |
| Average Mortgage Loan Application Amount | $184,466 |
| Highest Mortgage Loan Application Amount | $3,475,000 |
| Average Applicant Income | $92,528 |
| Highest Applicant Income | $1,060,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Heritage Bank USA, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for Heritage Bank USA, Inc. in 2018
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 406 | $72,750,000 | $179,000 | $1,515,000 | $86,000 | $1,060,000 |
| Refinancing | 96 | $20,710,000 | $215,000 | $3,475,000 | $112,000 | $490,000 |
| Cash-out Refinancing | 57 | $11,655,000 | $204,000 | $885,000 | $97,000 | $377,000 |
| Home Improvement | 14 | $1,540,000 | $110,000 | $555,000 | $119,000 | $350,000 |
| Other Purpose | 8 | $520,000 | $65,000 | $225,000 | $112,000 | $185,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 468 | $77,480,000 | $165,000 | $1,515,000 | $92,000 | $1,060,000 |
| Not applicable | 35 | $13,975,000 | $399,000 | $3,475,000 | $0 | $0 |
| Black or African American | 32 | $5,050,000 | $157,000 | $555,000 | $67,000 | $221,000 |
| Hispanic | 18 | $3,600,000 | $200,000 | $715,000 | $71,000 | $150,000 |
| Asian | 15 | $3,705,000 | $247,000 | $675,000 | $146,000 | $281,000 |
| Not Provided | 10 | $2,350,000 | $235,000 | $885,000 | $104,000 | $377,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 394 | $76,460,000 | $194,000 | $3,475,000 | $108,000 | $1,060,000 |
| VA-guaranteed (Veterans Administration) | 89 | $16,995,000 | $190,000 | $525,000 | $66,000 | $169,000 |
| FHA-insured (Federal Housing Administration) | 72 | $10,480,000 | $145,000 | $345,000 | $60,000 | $126,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 26 | $3,240,000 | $124,000 | $275,000 | $42,000 | $67,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 454 | $90,050,000 | $198,000 | $3,475,000 | $99,000 | $1,060,000 |
| Application Denied By Financial Institution | 65 | $7,445,000 | $114,000 | $555,000 | $56,000 | $161,000 |
| Application Withdrawn By Applicant | 51 | $8,835,000 | $173,000 | $805,000 | $80,000 | $286,000 |
| Application Approved But Not Accepted | 8 | $320,000 | $40,000 | $115,000 | $58,000 | $104,000 |
| File Closed For Incompleteness | 3 | $525,000 | $175,000 | $245,000 | $77,000 | $114,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 516 | $99,730,000 | $193,000 | $3,475,000 | $96,000 | $1,060,000 |
| Other | 35 | $5,465,000 | $156,000 | $555,000 | $58,000 | $161,000 |
| Credit History | 22 | $990,000 | $45,000 | $135,000 | $51,000 | $118,000 |
| Debt-To-Income Ratio | 7 | $795,000 | $113,000 | $305,000 | $55,000 | $70,000 |
| Credit Application Incomplete | 1 | $195,000 | $195,000 | $195,000 | $105,000 | $105,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Heritage Bank USA, Inc.'s 2018 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Heritage Bank USA, Inc.'s mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Kentucky, download the full spreadsheet
with aggregated HMDA statistics today.
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