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 Cash Out Refi loans. Ardent Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Ocean City, Washington, New York, and Boston among others. We have data for 39 markets. (Some data included below & more in-depth data is available with an active subscription.)Ardent Federal Credit Union has an above 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
402Origination Dollar Volume (All Markets)
$87,360,000Top 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) | 311 | $66,745,000 | $214,614 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 15 | $3,955,000 | $263,667 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 6 | $1,980,000 | $330,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 6 | $1,650,000 | $275,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $1,220,000 | $610,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 6 | $960,000 | $160,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $0 | 0.00% |
| READING, PA (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $400,000 | $200,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| RENO, NV (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 0.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Decatur, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 402 | $87,360,000 | $217,313 | $0 | 0.00% |
For 2020, Ardent Federal Credit Union's most frequently originated type of loan was Conventional, with 402 originations.
Loan Reason
For 2020, Ardent Federal Credit Union's most frequently cited loan purpose was Refi, with 165 originations. The 2nd most popular reason was Cash Out Refi, with 121 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 402 | $87,360,000 | $217,313 | $0 | 0.00% |
For 2020, Ardent Federal Credit Union's most frequently cited loan duration was Other, with 402 originations.
Loan Sizing
2020 saw Ardent Federal Credit Union place emphasis on $200k-400k loans with 160 originations, totaling $44,220,000 in origination value.
Applicant Income
Ardent Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 116 originations. The second most popular income band? $100k-150k, with 94 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 402 | $87,360,000 | $217,313 | $0 | 0.00% |
Ardent Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 402 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.50%
Ardent Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination64.68%
Ardent Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 402 | $87,360,000 | $217,313 |