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, Cash Out Refi, and Home Purchase loans. Ardent Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Miami, Ocean City, New York, and Atlanta among others. We have data for 41 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. They typically have about average rates.
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Originations
388Origination Dollar Volume (All Markets)
$66,090,000Top 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) | 309 | $52,435,000 | $169,693 | $0 | 4.30% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $0 | 3.82% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $0 | 3.88% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 6 | $1,040,000 | $173,333 | $0 | 4.20% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $795,000 | $159,000 | $0 | 4.17% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $0 | 3.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 4.13% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $0 | 4.58% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $0 | 3.67% |
| NAPA, CA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 3.75% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 5 | $645,000 | $129,000 | $0 | 4.19% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 3.63% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 3.31% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 3.44% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 4.38% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 5.62% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 3.50% |
| READING, PA (FHA|USDA|VA) | 4 | $270,000 | $67,500 | $0 | 4.99% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.63% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 3.68% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 4.12% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 3.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 3.31% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 4.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 3.50% |
| Outside of Metro Areas | 2 | $170,000 | $85,000 | $0 | 4.99% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.88% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 3.74% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 3.00% |
| DOVER, DE (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 4.18% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $95,000 | $31,667 | $0 | 4.57% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.99% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.74% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.49% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.49% |
| Henderson, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.24% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.99% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.24% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.24% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 4.74% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 388 | $66,090,000 | $170,335 | $0 | 4.28% |
For 2019, Ardent Federal Credit Union's most frequently originated type of loan was Conventional, with 388 originations.
Loan Reason
For 2019, Ardent Federal Credit Union's most frequently cited loan purpose was Refi, with 115 originations. The 2nd most popular reason was Home Improvement, with 86 originations.
Loan Duration/Length
For 2019, Ardent Federal Credit Union's most frequently cited loan duration was 15 Year, with 137 originations. The 2nd most popular length was 30 Year, with 109 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 198 | $51,010,000 | $257,626 |
Ardent Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 198 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 165 | $36,845,000 | $223,303 |
| 4-5% | 136 | $18,280,000 | $134,412 |
| 5-6% | 52 | $4,450,000 | $85,577 |
| 2.5-3% | 20 | $5,760,000 | $288,000 |
| 6-7% | 15 | $755,000 | $50,333 |
During 2019, Ardent Federal Credit Union's average interest rate for loans was 3.94%, while their most frequently originated rate bucket for loans was 3-4%, with 165 originations.
Loan Sizing
2019 saw Ardent Federal Credit Union place emphasis on $100,000 or less loans with 162 originations, totaling $8,050,000 in origination value.
Applicant Income
Ardent Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 107 originations. The second most popular income band? $100k-150k, with 94 originations.
Applicant Debt to Income Ratio
Ardent Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 98 originations. The next most common DTI ratio? 30-36%, with 78 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.50%
Ardent Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination76.03%
Ardent Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $35,000 | $35,000 |
| 4320.0 | 1 | $285,000 | $285,000 |
| NA | 386 | $65,770,000 | $170,389 |