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 Refi and Home Purchase loans. Ardent Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, New York, Ocean City, Baltimore, and Salisbury among others. We have data for 42 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
354Origination Dollar Volume (All Markets)
$53,550,000Top 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) | 267 | $39,045,000 | $146,236 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 8 | $2,240,000 | $280,000 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 7 | $1,245,000 | $177,857 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 6 | $760,000 | $126,667 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $0 | 0.00% |
| READING, PA (FHA|USDA|VA) | 5 | $575,000 | $115,000 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 5 | $555,000 | $111,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $300,000 | $75,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 0.00% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $130,000 | $65,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 0.00% |
| Keene, NH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| RICHMOND, VA (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 | 354 | $53,550,000 | $151,271 | $0 | 0.00% |
For 2018, Ardent Federal Credit Union's most frequently originated type of loan was Conventional, with 354 originations.
Loan Reason
For 2018, Ardent Federal Credit Union's most frequently cited loan purpose was Refi, with 120 originations. The 2nd most popular reason was Home Improvement, with 74 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 354 | $53,550,000 | $151,271 | $0 | 0.00% |
For 2018, Ardent Federal Credit Union's most frequently cited loan duration was Other, with 354 originations.
Loan Sizing
2018 saw Ardent Federal Credit Union place emphasis on $100,000 or less loans with 180 originations, totaling $9,270,000 in origination value.
Applicant Income
Ardent Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 96 originations. The second most popular income band? $100k-150k, with 75 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 354 | $53,550,000 | $151,271 | $0 | 0.00% |
Ardent Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 354 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.87%
Ardent Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination86.16%
Ardent Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 354 | $53,550,000 | $151,271 |