Heritage Bank & Trust Mortgage Lending & HMDA Data, 2024
In 2024, Heritage Bank & Trust of Columbia, TN reported 117 mortgage applications totaling $31.5 million, down 24% from 2023. The average application was for $269,017, and applicants reported an average income of $148,632. 63% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (64), Birmingham-Hoover, AL (1) and Clarksville, TN-KY (1) (applications in parentheses).
| Mortgage Company & Address | Heritage Bank & Trust 217 S James Campbell Blvd Columbia, TN 38401 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 |
| Total Number of Mortgage Applications | 117 |
| Total Mortgage Loan Application Amount | $31,475,000 |
| Average Mortgage Loan Application Amount | $269,017 |
| Highest Mortgage Loan Application Amount | $1,205,000 |
| Average Applicant Income | $148,632 |
| Highest Applicant Income | $1,471,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Heritage Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 & Trust in 2024
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 | 58 | $17,730,000 | $305,000 | $1,205,000 | $188,000 | $1,471,000 |
| Refinancing | 29 | $8,765,000 | $302,000 | $695,000 | $126,000 | $247,000 |
| Cash-out Refinancing | 24 | $4,770,000 | $198,000 | $615,000 | $101,000 | $190,000 |
| Home Improvement | 3 | $105,000 | $35,000 | $45,000 | $78,000 | $91,000 |
| Other Purpose | 3 | $105,000 | $35,000 | $55,000 | $58,000 | $85,000 |
| 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 | 101 | $26,535,000 | $262,000 | $715,000 | $148,000 | $1,471,000 |
| Not applicable | 6 | $1,910,000 | $318,000 | $575,000 | $0 | $0 |
| Black or African American | 4 | $560,000 | $140,000 | $155,000 | $81,000 | $120,000 |
| Hispanic | 3 | $645,000 | $215,000 | $285,000 | $151,000 | $180,000 |
| Not Provided | 3 | $1,825,000 | $608,000 | $1,205,000 | $219,000 | $370,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 114 | $30,520,000 | $267,000 | $1,205,000 | $150,000 | $1,471,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $370,000 | $185,000 | $235,000 | $66,000 | $91,000 |
| VA-guaranteed (Veterans Administration) | 1 | $585,000 | $585,000 | $585,000 | $151,000 | $151,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 74 | $22,550,000 | $304,000 | $1,205,000 | $180,000 | $1,471,000 |
| Application Withdrawn By Applicant | 22 | $5,310,000 | $241,000 | $665,000 | $107,000 | $218,000 |
| Application Denied By Financial Institution | 19 | $3,285,000 | $172,000 | $585,000 | $81,000 | $190,000 |
| Application Approved But Not Accepted | 2 | $330,000 | $165,000 | $275,000 | $68,000 | $72,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 117 | $31,475,000 | $269,000 | $1,205,000 | $148,000 | $1,471,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Heritage Bank & Trust's 2024 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 & Trust'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 Tennessee, download the full spreadsheet
with aggregated HMDA statistics today.
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