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Heritage Bank, INC

Burlington, KY

Heritage Bank, INC processed 385 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 272 loans with a 21.0% denial rate. Other was the primary loan purpose. Based in Burlington, KY. The approval rate of 70.6% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. Heritage Bank, INC processed 385 HMDA-reported mortgage applications in 2024, originating 272 loans and denying 81 for a denial rate of 21.0% (applicants themselves withdrew 30 files before a decision). The average loan amount was $175,987. The lender reports under LEI 549300XT5WP4TMNXL317 from Burlington, KY.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Heritage Bank, INC's 70.6% origination rate tells you how often an application turned into funded money; the 21.0% denial rate is a separate read on underwriting strictness. Most activity concentrated in Conventional loans (385 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

385
Applications
272
Originated
21.0%
Denial Rate
$175,987
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 385 272 81 $175,987

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Heritage Bank, INC (LEI: 549300XT5WP4TMNXL317) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 193 119 $118,575
Refinancing 93 79 $190,914
Home Improvement 58 33 $88,448
Home Purchase 41 41 $536,220

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 299 72.9% 19.4%
Black or African American 12 33.3% 58.3%
Asian 3 66.7% 0.0%
Joint 2 50.0% 50.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 311 72.0% 19.9%
Hispanic or Latino 5 40.0% 60.0%
Joint 2 50.0% 50.0%

Nearby Lenders in KY

Other HMDA-reporting lenders in KY with similar activity. Compare any two side-by-side.

STOCKTON MORTGAGE CORPORATION

FRANKFORT, KY

12,011 apps 7,797 originated 6.5% denied

Liberty Federal Credit Union

Louisville, KY

6,132 apps 4,679 originated 7.9% denied

FARM CREDIT MID-AMERICA, ACA

LOUISVILLE, KY

5,902 apps 4,311 originated 10.4% denied

MAGNOLIA BANK

Elizabethtown, KY

5,338 apps 4,002 originated 7.8% denied

REPUBLIC BANK & TRUST

LOUISVILLE, KY

3,866 apps 2,192 originated 13.1% denied
Compare Heritage Bank, INC vs STOCKTON MORTGAGE CORPORATION →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

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Frequently Asked Questions

How many mortgage applications did Heritage Bank, INC process?
Heritage Bank, INC processed 385 mortgage applications in the 2023 HMDA reporting year. Of these, 272 were originated (approved and funded), 30 were withdrawn by the applicant, and 81 were denied.
What is Heritage Bank, INC's mortgage approval rate?
Heritage Bank, INC has an approval (origination) rate of 70.6%, meaning 70.6% of all applications resulted in a funded mortgage. The denial rate is 21.0%.
What is the average loan amount at Heritage Bank, INC?
The average mortgage loan amount at Heritage Bank, INC is $175,987.
What types of mortgage loans does Heritage Bank, INC offer?
Heritage Bank, INC processes Conventional loans. The most common type is Conventional with 385 applications and an average loan amount of $175,987.
What loan purposes does Heritage Bank, INC serve?
Heritage Bank, INC serves the following loan purposes: Other (193 applications), Refinancing (93 applications), Home Improvement (58 applications), Home Purchase (41 applications). Other is the most common purpose.
Where is Heritage Bank, INC located?
Heritage Bank, INC is headquartered in Burlington, KY. The lender is identified by LEI 549300XT5WP4TMNXL317 in HMDA data.
How does Heritage Bank, INC compare in lending across racial demographics?
Heritage Bank, INC reports demographic lending data under HMDA requirements. White applicants have an approval rate of 72.9% and denial rate of 19.4%; Black or African American applicants have an approval rate of 33.3% and denial rate of 58.3%; Asian applicants have an approval rate of 66.7% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.