American Heritage Fcu Mortgage Rates, Fees & Info

Philadelphia, PA

LEI: 549300N5GF79IZ5Y7G10

Tax ID: 23-1370526

5 stars - Updated: 3/17/24 - out of 5 stars, based on 52 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

American Heritage Fcu is a smaller credit union specializing in Home Improvement, Home Purchase, and Cash Out Refi loans. American Heritage Fcu has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Philadelphia, Allentown, New York, Ocean City, and Reading among others. We have data for 60 markets. (Some data included below & more in-depth data is available with an active subscription.)

American Heritage Fcu has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. American Heritage Fcu is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 7.01% 3/17/24
30 Year Conventional Purchase 6.66% 3/17/24
30 Year Conventional Refi 6.55% 3/17/24
30 Year Cash-out Refi 6.72% 3/17/24
30 Year FHA Purchase 7.29% 3/17/24
30 Year FHA Refi 7.42% 3/17/24
30 Year VA Purchase 6.57% 3/17/24
15 Year Conventional Purchase 6.70% 3/17/24
15 Year Conventional Refi 6.58% 3/17/24
15 Year Cash-out Refi 6.58% 3/17/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

American Heritage Fcu Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from American Heritage Fcu. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

2,723

Origination Dollar Volume (All Markets)

$330,845,000
Show all (5) awards

Relative Rate

American Heritage Fcu's average 30 year fixed mortgage rate was 4.95%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.19%.

Relative Fees (Closing Costs)

American Heritage Fcu's average total fees/closing costs for a 30 year fixed rate mortgage were $3,906.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

Top 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) 2,419 $291,755,000 $120,610 $1,543 5.22%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 65 $8,005,000 $123,154 $1,940 5.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 42 $5,960,000 $141,905 $1,349 5.06%
OCEAN CITY, NJ (FHA|USDA|VA) 23 $3,925,000 $170,652 $1,986 4.85%
READING, PA (FHA|USDA|VA) 34 $3,460,000 $101,765 $2,744 5.31%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 20 $2,530,000 $126,500 $1,321 4.79%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 14 $1,610,000 $115,000 $1,277 4.87%
EAST STROUDSBURG, PA (FHA|USDA|VA) 8 $1,450,000 $181,250 $575 4.80%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 4 $1,000,000 $250,000 $956 4.39%
SALISBURY, MD-DE (FHA|USDA|VA) 8 $750,000 $93,750 $751 6.76%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $645,000 $645,000 $23,892 6.50%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $550,000 $275,000 $6,271 5.62%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $520,000 $130,000 $1,967 5.40%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $455,000 $455,000 $4,430 3.18%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $445,000 $148,333 $1,896 4.14%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $440,000 $220,000 $3,071 4.19%
LANCASTER, PA (FHA|USDA|VA) 5 $435,000 $87,000 $1,727 5.51%
Lewistown, PA (FHA|USDA|VA) 1 $425,000 $425,000 $6,944 3.63%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 5 $405,000 $81,000 $3,311 4.24%
Outside of Metro Areas 6 $360,000 $60,000 $3,761 5.47%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 5 $355,000 $71,000 $1,448 5.54%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $335,000 $335,000 $4,525 3.68%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $305,000 $305,000 $0 5.74%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $300,000 $150,000 $3,172 3.73%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $285,000 $95,000 $3,816 5.70%
OCALA, FL (FHA|USDA|VA) 1 $245,000 $245,000 $1,432 4.00%
NEW BERN, NC (FHA|USDA|VA) 2 $240,000 $120,000 $3,136 4.81%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $235,000 $235,000 $2,629 4.33%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $235,000 $235,000 $3,416 4.10%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 6.00%
Easton, MD (FHA|USDA|VA) 1 $225,000 $225,000 $3,837 3.10%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 3 $185,000 $61,667 $0 4.12%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $185,000 $185,000 $8,394 5.38%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.25%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $170,000 $85,000 $0 5.37%
BOULDER, CO (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.74%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $155,000 $155,000 $9,120 5.13%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $155,000 $155,000 $3,435 6.38%
PITTSBURGH, PA (FHA|USDA|VA) 4 $150,000 $37,500 $2,960 4.76%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $140,000 $70,000 $0 7.12%
SAVANNAH, GA (FHA|USDA|VA) 1 $135,000 $135,000 $3,992 5.25%
DuBois, PA (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.99%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.24%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.74%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.49%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.24%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $95,000 $95,000 $0 2.88%
Sayre, PA (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.99%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.24%
DOVER, DE (FHA|USDA|VA) 2 $60,000 $30,000 $0 4.74%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.99%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.49%
Pottsville, PA (FHA|USDA|VA) 1 $35,000 $35,000 $0 2.99%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $35,000 $35,000 $0 2.49%
Somerset, PA (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.74%
Torrington, CT (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.74%
GETTYSBURG, PA (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.24%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $25,000 $25,000 $375 5.74%
Newport, TN (FHA|USDA|VA) 1 $25,000 $25,000 $10 4.99%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $15,000 $15,000 $0 3.74%
American Heritage Fcu's top markets include Philadelphia, Allentown, New York, Ocean City, and Reading among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,495 $125,705,000 $84,084 n/a 5.54%
    Conventional 1,186 $196,000,000 $165,261 $1,370 4.77%
    FHA 41 $8,835,000 $215,488 $8,173 5.05%
    VA 1 $305,000 $305,000 $5,703 6.13%

    For 2022, American Heritage Fcu's most frequently originated type of loan was HELOC, with 1,495 originations. Their 2nd most popular type was Conventional, with 1,186 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 1,193 $87,085,000 $72,997 $2 5.39%
    Other 528 $31,400,000 $59,470 $2 5.66%
    Home Purchase 410 $90,600,000 $220,976 $4,226 5.11%
    Refi 363 $47,485,000 $130,813 $329 4.41%
    Cash Out Refi 229 $74,275,000 $324,345 $3,148 4.49%

    For 2022, American Heritage Fcu's most frequently cited loan purpose was Home Improvement, with 1,193 originations. The 2nd most popular reason was Other, with 528 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 797 $64,065,000 $80,383 $181 5.33%
    15 Year 677 $79,415,000 $117,304 $752 5.74%
    5 Year 486 $46,960,000 $96,626 $0 5.06%
    30 Year 406 $102,310,000 $251,995 $3,906 4.95%
    Other 150 $20,040,000 $133,600 $6 4.90%
    3 Year 133 $4,485,000 $33,722 $1 3.55%
    20 Year 72 $13,170,000 $182,917 $1,706 4.57%
    30+ year 1 $385,000 $385,000 $9,576 4.25%
    1 Year 1 $15,000 $15,000 $0 2.74%

    For 2022, American Heritage Fcu's most frequently cited loan duration was 10 Year, with 797 originations. The 2nd most popular length was 15 Year, with 677 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 999 $122,975,000 $123,098
    $1k-2k 62 $12,160,000 $196,129
    $2k-3k 33 $6,115,000 $185,303
    $3k-4k 13 $3,425,000 $263,462
    $5k+ 7 $2,895,000 $413,571
    $4k-5k 4 $1,130,000 $282,500

    American Heritage Fcu's average total fees were $3,906, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 999 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 700 $79,280,000 $113,257
    3-4% 618 $100,630,000 $162,832
    5-6% 582 $77,500,000 $133,162
    6-7% 358 $37,670,000 $105,223
    7-8% 204 $16,390,000 $80,343
    Over 8% 125 $8,065,000 $64,520
    2.5-3% 94 $9,210,000 $97,979
    <2.5% 42 $2,100,000 $50,000

    During 2022, American Heritage Fcu's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 4-5%, with 700 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,694 $77,790,000 $45,921 $210 5.36%
    $100k-200k 594 $81,210,000 $136,717 $2,358 5.03%
    $200k-400k 338 $92,120,000 $272,544 $3,836 4.81%
    $400k-600k 68 $30,980,000 $455,588 $3,979 4.72%
    $600k-1MM 19 $13,775,000 $725,000 $9,745 4.73%
    $1MM+ 10 $34,970,000 $3,497,000 $9,289 4.64%

    2022 saw American Heritage Fcu place emphasis on $100,000 or less loans with 1,694 originations, totaling $77,790,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 726 $81,610,000 $112,410 $1,821 5.30%
    $150k-250k 594 $64,530,000 $108,636 $931 5.20%
    $75k-100k 489 $47,325,000 $96,779 $1,652 5.18%
    $50k-75k 418 $36,900,000 $88,278 $1,725 5.19%
    $50k or less 243 $18,055,000 $74,300 $2,099 5.01%
    $250k+ 173 $30,535,000 $176,503 $1,052 5.20%

    American Heritage Fcu lent most frequently to those with incomes in the $100k-150k range, with 726 originations. The second most popular income band? $150k-250k, with 594 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 683 $60,405,000 $88,441 $1,188 5.10%
    30-36% 472 $48,950,000 $103,708 $1,658 5.32%
    <20% 247 $19,945,000 $80,749 $586 4.93%
    50-60% 172 $18,320,000 $106,512 $1,350 5.26%
    36% 97 $9,655,000 $99,536 $1,577 5.08%
    40% 94 $9,770,000 $103,936 $1,444 5.11%
    37% 83 $7,925,000 $95,482 $1,628 5.31%
    38% 82 $9,690,000 $118,171 $2,640 5.63%
    41% 82 $10,530,000 $128,415 $2,370 5.30%
    42% 80 $9,130,000 $114,125 $1,548 5.21%
    44% 77 $9,445,000 $122,662 $2,146 5.42%
    43% 67 $8,455,000 $126,194 $1,827 5.59%
    46% 66 $8,120,000 $123,030 $2,725 5.50%
    39% 65 $6,675,000 $102,692 $972 5.13%
    49% 62 $8,090,000 $130,484 $2,427 5.04%
    47% 55 $7,065,000 $128,455 $2,480 5.28%
    48% 55 $6,115,000 $111,182 $1,280 5.11%
    45% 53 $6,925,000 $130,660 $3,676 5.47%
    >60% 53 $11,395,000 $215,000 $3,732 4.91%

    American Heritage Fcu lent most frequently to those with DTI ratios of 20-30%, with 683 originations. The next most common DTI ratio? 30-36%, with 472 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,879 $199,225,000 $106,027 $1,443 5.21%
    Not applicable 59 $50,435,000 $854,831 $0 4.80%
    Black 374 $39,500,000 $105,615 $2,331 5.33%
    Not provided 298 $30,770,000 $103,255 $1,582 5.12%
    Asian 82 $8,970,000 $109,390 $1,821 4.79%
    American Indian 12 $630,000 $52,500 $411 5.29%
    Asian Indian 8 $590,000 $73,750 $0 5.30%
    Native Hawaiian or Islander 8 $570,000 $71,250 $3,236 5.59%
    Korean 1 $75,000 $75,000 $0 8.49%
    Filipino 1 $55,000 $55,000 $0 3.74%
    Other Pacific Islander 1 $25,000 $25,000 $0 3.99%

    Approval Rates

    Total approvals of all applications
    66.57%

    American Heritage Fcu has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    79.03%

    American Heritage Fcu has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 10 $330,000 $33,000
    NA 2,713 $330,515,000 $121,826

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,723 $330,845,000 $121,500

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 535 $56,205,000 $105,056 $422 5.45%
    40-60% 245 $48,085,000 $196,265 $1,854 4.63%
    60-80% 284 $82,230,000 $289,542 $3,187 4.72%
    80-100% 210 $53,900,000 $256,667 $4,577 5.03%
    Over 100% 12 $24,030,000 $2,002,500 $0 4.58%
    Under 20% 1,437 $66,395,000 $46,204 $7 5.32%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    AMERICAN PACIFIC MORTGAGE Conventional home mortgage Trouble during payment process 1 100.0%