Ardent Federal Credit Union Mortgage Rates, Fees & Info

Philadelphia, PA

LEI: 254900ZELVKWROFNEC29

Tax ID: 23-2088266

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

387

Origination Dollar Volume (All Markets)

$49,575,000

Top 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%
Ardent Federal Credit Union's top markets include Philadelphia, Ocean City, Miami, Cape Coral, and Salisbury among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 202 $23,160,000 $114,653 $0 0.00%
    Other 106 $9,180,000 $86,604 $0 0.00%
    Refi 46 $7,350,000 $159,783 $0 0.00%
    Home Purchase 27 $7,875,000 $291,667 $0 0.00%
    Cash Out Refi 6 $2,010,000 $335,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 205 $11,285,000 $55,049 $0 0.00%
    $100k-200k 89 $11,565,000 $129,944 $0 0.00%
    $200k-400k 83 $20,915,000 $251,988 $0 0.00%
    $400k-600k 6 $2,810,000 $468,333 $0 0.00%
    $600k-1MM 4 $3,000,000 $750,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 130 $18,160,000 $139,692 $0 0.00%
    $100k-150k 76 $6,740,000 $88,684 $0 0.00%
    $250k+ 70 $15,820,000 $226,000 $0 0.00%
    $75k-100k 50 $4,680,000 $93,600 $0 0.00%
    $50k-75k 38 $2,400,000 $63,158 $0 0.00%
    $50k or less 17 $715,000 $42,059 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 278 $38,070,000 $136,942 $0 0.00%
    Not provided 39 $5,335,000 $136,795 $0 0.00%
    Black 51 $3,835,000 $75,196 $0 0.00%
    Asian 17 $2,095,000 $123,235 $0 0.00%
    Asian Indian 1 $135,000 $135,000 $0 0.00%
    Native Hawaiian or Islander 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    78.60%

    Ardent Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    84.75%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    387 $49,575,000 $128,101