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Heritage Bank of Schaumburg

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Heritage Bank of Schaumburg Rates & Review October 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Heritage Bank of Schaumburg provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: October 14, 2026

Heritage Bank of Schaumburg's top rate as of October 14, 2026 is 6.875% on its 15-Year Fixed Rate Mortgage, according to rates verified by MonitorBankRates. Other Heritage Bank of Schaumburg mortgage rates include 10-Year Fixed Rate Mortgage at 6.875%, Jumbo 30-Year Fixed Rate Mortgage at 7.25%, and 20-Year Fixed Rate Mortgage at 7.25%. MonitorBankRates evaluates the financial stability of Heritage Bank of Schaumburg with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 0.00%. Rates last updated and verified on 10/14/2026.

Heritage Bank of Schaumburg money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Heritage Bank of Schaumburg? Share your experience about Heritage Bank of Schaumburg by leaving a review below, or read customer reviews before you decide to use Heritage Bank of Schaumburg.

Verified Healthy 2026 Use This Badge on Your Bank Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 100/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

0.00%

Perfect Lower than avg

Health Trend

Very strong 12 quarters

Full history ›

Heritage Bank of Schaumburg

1535 W Schaumburg Rd
Schaumburg, IL 60194

https://www.hbschaumburg.com

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Financial health data as of Q2 2026 (FDIC call report for the quarter ended June 30, 2026). This is the most recent call report available. The FDIC publishes bank call reports about eight weeks after each quarter ends.

Heritage Bank of Schaumburg Mortgage Rates

Product	Rate	Points	APR	Term
15-Year Fixed Rate Mortgage	6.875%	-	7.013%	15 years
Details Conforming (Loan Amounts of $25,000 - $832,750); Sample; APR based on estimated loan amount of $165,000; Max LTV 80% detached single family, 75% condos/townhouses Last Updated 10/14/2026 Rate History 2 changes since Sep 15, 2026 · 6.38% → 7.01% ▲ 0.64 pts · high 7.01% / low 6.38% Oct 1, 20267.01%▲ from 6.63% Sep 24, 20266.63%▲ from 6.38% Sep 15, 20266.38%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.00%
10-Year Fixed Rate Mortgage	6.875%	-	7.068%	10 years
Details Conforming (Loan Amounts of $25,000 - $832,750); Sample; APR based on estimated loan amount of $165,000; Max LTV 80% detached single family, 75% condos/townhouses Last Updated 10/14/2026 Rate History 2 changes since Sep 15, 2026 · 6.30% → 7.07% ▲ 0.77 pts · high 7.07% / low 6.30% Oct 1, 20267.07%▲ from 6.69% Sep 24, 20266.69%▲ from 6.30% Sep 15, 20266.30%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.00%
Jumbo 30-Year Fixed Rate Mortgage	7.25%	-	7.318%	30 years
Details Jumbo (Loan Amounts of $832,751 - $1,000,000); Sample; APR based on estimated loan amount of $832,751; Maximum LTV 75% for detached single family, 70% for condos/townhouses Last Updated 10/14/2026 Rate History 1 change since Sep 24, 2026 · 7.07% → 7.32% ▲ 0.25 pts · high 7.32% / low 7.07% Oct 1, 20267.32%▲ from 7.07% Sep 24, 20267.07%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.00%
20-Year Fixed Rate Mortgage	7.25%	-	7.366%	20 years
Details Conforming (Loan Amounts of $25,000 - $832,750); Sample; APR based on estimated loan amount of $165,000; Max LTV 80% detached single family, 75% condos/townhouses Last Updated 10/14/2026 Rate History 2 changes since Sep 15, 2026 · 6.73% → 7.37% ▲ 0.63 pts · high 7.37% / low 6.73% Oct 1, 20267.37%▲ from 6.99% Sep 24, 20266.99%▲ from 6.73% Sep 15, 20266.73%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.00%
30-Year Fixed Rate Mortgage	7.375%	-	7.467%	30 years
Details Conforming (Loan Amounts of $25,000 - $832,750); Sample; APR based on estimated loan amount of $165,000; Max LTV 80% detached single family, 75% condos/townhouses Last Updated 10/14/2026 Rate History 2 changes since Sep 15, 2026 · 6.83% → 7.47% ▲ 0.63 pts · high 7.47% / low 6.83% Oct 1, 20267.47%▲ from 7.09% Sep 24, 20267.09%▲ from 6.83% Sep 15, 20266.83%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.00%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
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Financial Health History

Heritage Bank of Schaumburg’s Texas Ratio stayed near 0.00% in Q3 2023 to 0.00% in Q2 2026, so its financial health has stayed very strong over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier — this bank’s entire history sits far below the 15% threshold for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$150M	0.00%	5.0	A+
March 31, 2026	$150M	0.00%	5.0	A+
December 31, 2025	$150M	0.00%	5.0	A+
September 30, 2025	$148M	0.00%	5.0	A+
June 30, 2025	$147M	0.00%	5.0	A+
March 31, 2025	$146M	0.00%	5.0	A+
December 31, 2024	$145M	0.00%	5.0	A+
September 30, 2024	$142M	0.00%	5.0	A+
June 30, 2024	$142M	0.00%	5.0	A+
March 31, 2024	$140M	0.00%	5.0	A+
December 31, 2023	$139M	0.00%	5.0	A+
September 30, 2023	$142M	0.00%	5.0	A+

Source: FDIC call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Heritage Bank of Schaumburg is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Heritage Bank of Schaumburg rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Heritage Bank of Schaumburg's official website for the most current offers and terms.

Bank Profile & Overview

Bank Name Heritage Bank of Schaumburg

Website https://www.hbschaumburg.com

Address 1535 W Schaumburg Rd, Schaumburg, IL 60194 · Cook

Bank Holding Company SCHAUMBURG BANCSHARES INC

FDIC Certificate # 21721

Regulator FDIC

Established August 8, 1974

FDIC Insurance Date August 8, 1974

Domestic Offices 1

Total Branches 1

FDIC Insured ✓ Yes, up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (100/100)

Texas Ratio

0.00%

National Average Texas Ratio

5.85%

Return on Assets (ROA)

1.4387%

Return on Equity (ROE)

9.5200%

Non-Performing Loans Ratio (NPL)

0.00%

Total Assets

$149,965,000

Total Deposits

$126,478,000

Equity Capital

$22,772,000

Net Income

$1,079,000

Headquarters

Schaumburg

Total Branches and Offices

Source: FDIC — Last Updated June 30, 2026

2026 MBR Health & Safety Badge

Heritage Bank of Schaumburg earned the Verified Healthy badge

Display this badge on your website to show visitors your 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

Copy the HTML below and paste it into your website where you’d like the badge to appear. The badge image is hosted on MonitorBankRates, so there is no need to download or upload anything. Badges are re-tested every quarter, and this profile page always shows the latest results, so the code never needs to change.

<a href="https://www.monitorbankrates.com/banks/heritage-bank-of-schaumburg-rates-review-21721">
  <img src="https://www.monitorbankrates.com/wp-content/uploads/badges/mbr-badge-tier-c-2026.svg"
       alt="MonitorBankRates Verified Healthy Badge 2026"
       width="160" height="160">
</a>

Learn more about the MBR Health & Safety Badge program on our methodology page.

Customer Reviews

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Frequently Asked Questions About Heritage Bank of Schaumburg

How many branches does Heritage Bank of Schaumburg operate?

Heritage Bank of Schaumburg currently maintains approximately 1 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Heritage Bank of Schaumburg does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Heritage Bank of Schaumburg provides members with tools to manage their accounts and build a solid financial history.

Does Heritage Bank of Schaumburg offer online and mobile banking?

Most modern institutions like Heritage Bank of Schaumburg provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.hbschaumburg.com.