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First Heritage Mortgage, LLC
Independent Mortgage Company|RESTON, VA|Multi-Region
Loans Originated
6,142
Applications
7,470
Volume
$2 billion
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Exceptional
Safe Rate Awards💎FHA Champion⭐Conventional Superstar⭐VA Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.096%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,629
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
82.2%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
Report Card
First Heritage Mortgage, LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | Strong | Highly Competitive | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Strong | Multi-Regional · 35 metro areas · 17 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$420,101
Average Borrower Income
$163,415
Average Property Value
$519,999
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Exceptional | Sound | Exceptional | 3,762 | 61.3% | +0.203% | $2,649 |
FHA Loans | Exceptional | Exceptional | Strong | Exceptional | 1,399 | 22.8% | +0.060% | $2,598 |
VA Loans | Strong | Exceptional | Sound | Exceptional | 894 | 14.6% | -0.444% | $2,646 |
Jumbo Loans | Sound | Strong | Acceptable | Strong | 62 | 1.0% | +0.211% | $1,916 |
USDA Loans | Strong | Strong | N/A | Strong | 25 | 0.4% | +0.097% | $2,359 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Exceptional | Sound | Exceptional | 6,001 | 97.7% | +0.099% | $2,666 |
Refinance | Sound | Sound | Strong | Sound | 141 | 2.3% | +0.006% | $1,488 |
Geographic Coverage
Metro Areas
34
States Served
17
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
ALCACODCDEFLGAILMDNCNJPASCTNTXVAWV
Top Metro Areas by Place Specialization Score
1
Arlington, VA-WVMSA
Volume: 1,561Mix: 25.42%
Place Specialization
Exceptional
2
Columbia, SC, SCMSA
Volume: 563Mix: 9.17%
Place Specialization
Exceptional
3
Charlottesville, VA, VAMSA
Volume: 193Mix: 3.14%
Place Specialization
Exceptional
4
Richmond, VA, VAMSA
Volume: 622Mix: 10.13%
Place Specialization
Exceptional
5
Washington, DC, DC-MDMSA
Volume: 454Mix: 7.39%
Place Specialization
Exceptional
6
Blacksburg, VAMSA
Volume: 106Mix: 1.73%
Place Specialization
Exceptional
7
Frederick, MDMSA
Volume: 272Mix: 4.43%
Place Specialization
Exceptional
8
Augusta, GA-SCMSA
Volume: 187Mix: 3.04%
Place Specialization
Exceptional
9
Spartanburg, SC, SCMSA
Volume: 115Mix: 1.87%
Place Specialization
Strong
10
Greenville, SCMSA
Volume: 149Mix: 2.43%
Place Specialization
Strong
Showing 10 of 34 metro areas
Top States by Place Specialization Score
1
VAState
Volume: 2,537Mix: 41.31%
Place Specialization
Exceptional
2
SCState
Volume: 1,089Mix: 17.73%
Place Specialization
Exceptional
3
MDState
Volume: 891Mix: 14.51%
Place Specialization
Exceptional
4
WVState
Volume: 175Mix: 2.85%
Place Specialization
Strong
5
GAState
Volume: 512Mix: 8.34%
Place Specialization
Strong
6
NCState
Volume: 385Mix: 6.27%
Place Specialization
Strong
7
FLState
Volume: 424Mix: 6.90%
Place Specialization
Strong
8
DCState
Volume: 58Mix: 0.94%
Place Specialization
Strong
9
PAState
Volume: 33Mix: 0.54%
Place Specialization
Sound
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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