Ardent Federal Credit Union Mortgage Rates, Fees & Info
Philadelphia, PALEI: 254900ZELVKWROFNEC29
Tax ID: 23-2088266
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Mortgage Data
Review & Overview
Ardent Federal Credit Union is a smaller credit union specializing in Home Improvement loans. Ardent Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Ocean City, Miami, Cape Coral, and Salisbury among others. We have data for 44 markets. (Some data included below & more in-depth data is available with an active subscription.)Ardent Federal Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
387Origination Dollar Volume (All Markets)
$49,575,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 306 | $37,780,000 | $123,464 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $920,000 | $153,333 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 5 | $755,000 | $151,000 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 5 | $755,000 | $151,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $660,000 | $165,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $640,000 | $106,667 | $0 | 0.00% |
| READING, PA (FHA|USDA|VA) | 6 | $490,000 | $81,667 | $0 | 0.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 4 | $430,000 | $107,500 | $0 | 0.00% |
| Somerset, PA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 0.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 387 | $49,575,000 | $128,101 | $0 | 0.00% |
For 2023, Ardent Federal Credit Union's most frequently originated type of loan was Conventional, with 387 originations.
Loan Reason
For 2023, Ardent Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 202 originations. The 2nd most popular reason was Other, with 106 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 387 | $49,575,000 | $128,101 | $0 | 0.00% |
For 2023, Ardent Federal Credit Union's most frequently cited loan duration was Other, with 387 originations.
Loan Sizing
2023 saw Ardent Federal Credit Union place emphasis on $100,000 or less loans with 205 originations, totaling $11,285,000 in origination value.
Applicant Income
Ardent Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 130 originations. The second most popular income band? $100k-150k, with 76 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 387 | $49,575,000 | $128,101 | $0 | 0.00% |
Ardent Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 387 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.60%
Ardent Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination84.75%
Ardent Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 387 | $49,575,000 | $128,101 |