Ardent Federal Credit Union Mortgage Rates, Fees & Info
Philadelphia, PALEI: 254900ZELVKWROFNEC29
Tax ID: 23-2088266
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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, Miami, Ocean City, Chicago, and Reading among others. We have data for 36 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
429Origination Dollar Volume (All Markets)
$65,925,000Top 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) | 355 | $50,625,000 | $142,606 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $1,550,000 | $387,500 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 6 | $1,500,000 | $250,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $1,280,000 | $640,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $1,245,000 | $415,000 | $0 | 0.00% |
| READING, PA (FHA|USDA|VA) | 7 | $905,000 | $129,286 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 5 | $795,000 | $159,000 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 5 | $645,000 | $129,000 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $0 | 0.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 4 | $360,000 | $90,000 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| SALEM, OR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| DOVER, DE (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 429 | $65,925,000 | $153,671 | $0 | 0.00% |
For 2024, Ardent Federal Credit Union's most frequently originated type of loan was Conventional, with 429 originations.
Loan Reason
For 2024, Ardent Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 220 originations. The 2nd most popular reason was Other, with 91 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 429 | $65,925,000 | $153,671 | $0 | 0.00% |
For 2024, Ardent Federal Credit Union's most frequently cited loan duration was Other, with 429 originations.
Loan Sizing
2024 saw Ardent Federal Credit Union place emphasis on $100,000 or less loans with 189 originations, totaling $10,715,000 in origination value.
Applicant Income
Ardent Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 129 originations. The second most popular income band? $250k+, with 119 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 429 | $65,925,000 | $153,671 | $0 | 0.00% |
Ardent Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 429 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.46%
Ardent Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination78.32%
Ardent Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 429 | $65,925,000 | $153,671 |