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, Ocean City, New York, Atlantic City, and Atlanta among others. We have data for 43 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
322Origination Dollar Volume (All Markets)
$64,700,000Top 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) | 237 | $47,215,000 | $199,219 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $2,075,000 | $415,000 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 8 | $2,040,000 | $255,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 6 | $1,520,000 | $253,333 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 5 | $1,405,000 | $281,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $685,000 | $137,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| READING, PA (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| ELMIRA, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| FORT COLLINS, CO (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 | 322 | $64,700,000 | $200,932 | $0 | 0.00% |
For 2021, Ardent Federal Credit Union's most frequently originated type of loan was Conventional, with 322 originations.
Loan Reason
For 2021, Ardent Federal Credit Union's most frequently cited loan purpose was Refi, with 90 originations. The 2nd most popular reason was Cash Out Refi, with 78 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 322 | $64,700,000 | $200,932 | $0 | 0.00% |
For 2021, Ardent Federal Credit Union's most frequently cited loan duration was Other, with 322 originations.
Loan Sizing
2021 saw Ardent Federal Credit Union place emphasis on $200k-400k loans with 117 originations, totaling $32,005,000 in origination value.
Applicant Income
Ardent Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 89 originations. The second most popular income band? $100k-150k, with 81 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 322 | $64,700,000 | $200,932 | $0 | 0.00% |
Ardent Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 322 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.22%
Ardent Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination69.88%
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 | 322 | $64,700,000 | $200,932 |