American Heritage Fcu Mortgage Rates, Fees & Info

Philadelphia, PA

LEI: 549300N5GF79IZ5Y7G10

Tax ID: 23-1370526

5 stars - Updated: 6/9/24 - out of 5 stars, based on 43 reviews

Latest/2023 | 2022 Data | 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 and Home Purchase 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, Reading, and Atlantic City among others. We have data for 57 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 relatively high 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% 6/9/24
30 Year Conventional Purchase 6.66% 6/9/24
30 Year Conventional Refi 6.55% 6/9/24
30 Year Cash-out Refi 6.72% 6/9/24
30 Year FHA Purchase 7.29% 6/9/24
30 Year FHA Refi 7.42% 6/9/24
30 Year VA Purchase 6.57% 6/9/24
15 Year Conventional Purchase 6.70% 6/9/24
15 Year Conventional Refi 6.58% 6/9/24
15 Year Cash-out Refi 6.58% 6/9/24
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

1,874

Origination Dollar Volume (All Markets)

$204,820,000

Awards

AMERICAN HERITAGE FCU 30 Year Conventional Loans gold AMERICAN HERITAGE FCU FHA Loans gold
Show all (2) awards

Relative Rate

American Heritage Fcu's average 30 year fixed mortgage rate was 6.5%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.02%.

Relative Fees (Closing Costs)

American Heritage Fcu's average total fees/closing costs for a 30 year fixed rate mortgage were $4,582.

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 $9,089.

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) 1,629 $171,165,000 $105,074 $1,799 7.90%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 52 $5,740,000 $110,385 $2,931 8.04%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 38 $4,190,000 $110,263 $2,201 8.22%
READING, PA (FHA|USDA|VA) 31 $3,745,000 $120,806 $2,877 7.38%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 19 $3,305,000 $173,947 $3,668 7.64%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $2,555,000 $2,555,000 $0 7.48%
OCEAN CITY, NJ (FHA|USDA|VA) 14 $2,180,000 $155,714 $2,407 7.56%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $1,305,000 $261,000 $7,220 7.19%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $975,000 $325,000 $4,283 7.91%
LANCASTER, PA (FHA|USDA|VA) 5 $845,000 $169,000 $2,286 7.47%
YORK-HANOVER, PA (FHA|USDA|VA) 8 $790,000 $98,750 $4,570 8.57%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $655,000 $218,333 $3,514 7.58%
EAST STROUDSBURG, PA (FHA|USDA|VA) 6 $650,000 $108,333 $2,511 7.45%
SALISBURY, MD-DE (FHA|USDA|VA) 4 $500,000 $125,000 $1,975 7.93%
NEW BERN, NC (FHA|USDA|VA) 1 $405,000 $405,000 $3,487 6.38%
KNOXVILLE, TN (FHA|USDA|VA) 1 $375,000 $375,000 $3,310 6.24%
PITTSBURGH, PA (FHA|USDA|VA) 3 $335,000 $111,667 $2,775 7.21%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $335,000 $335,000 $3,698 6.13%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $325,000 $325,000 $9,474 4.77%
Outside of Metro Areas 4 $320,000 $80,000 $3,551 7.02%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $315,000 $315,000 $3,678 6.25%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $265,000 $265,000 $0 8.24%
Somerset, PA (FHA|USDA|VA) 1 $265,000 $265,000 $3,715 5.49%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $260,000 $130,000 $2,949 7.24%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $245,000 $245,000 $9,419 5.49%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $225,000 $225,000 $2,982 6.62%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $225,000 $75,000 $0 8.16%
DOVER, DE (FHA|USDA|VA) 1 $205,000 $205,000 $2,611 5.77%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 3 $205,000 $68,333 $0 8.16%
OCALA, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,149 6.74%
Key West, FL (FHA|USDA|VA) 1 $135,000 $135,000 $2,732 6.88%
WILMINGTON, NC (FHA|USDA|VA) 1 $135,000 $135,000 $3,152 6.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $130,000 $65,000 $0 7.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.99%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $105,000 $105,000 $3,594 6.75%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $105,000 $105,000 $3,122 5.29%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $105,000 $105,000 $2,943 7.00%
LEBANON, PA (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.49%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $90,000 $45,000 $0 8.87%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $85,000 $85,000 $2,510 6.04%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.99%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.74%
Selinsgrove, PA (FHA|USDA|VA) 1 $65,000 $65,000 $5,048 6.13%
COLUMBUS, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.24%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.74%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $50,000 $25,000 $0 9.24%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.74%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.74%
JOHNSTOWN, PA (FHA|USDA|VA) 1 $35,000 $35,000 $0 10.74%
RICHMOND, VA (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.49%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.24%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $25,000 $25,000 $0 7.99%
Jefferson, GA (FHA|USDA|VA) 1 $25,000 $25,000 $0 7.24%
Easton, MD (FHA|USDA|VA) 1 $25,000 $25,000 $0 8.99%
GETTYSBURG, PA (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.74%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $15,000 $15,000 $0 7.74%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.74%
American Heritage Fcu's top markets include Philadelphia, Allentown, New York, Reading, and Atlantic City among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against AMERICAN HERITAGE FCU based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,161 $96,485,000 $83,105 n/a 8.35%
    Conventional 689 $102,595,000 $148,904 $1,739 7.14%
    FHA 22 $4,950,000 $225,000 $8,682 6.47%
    VA 2 $790,000 $395,000 $13,762 5.37%

    For 2023, American Heritage Fcu's most frequently originated type of loan was HELOC, with 1,161 originations. Their 2nd most popular type was Conventional, with 689 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 805 $54,325,000 $67,484 $2 8.11%
    Other 493 $31,025,000 $62,931 $0 8.40%
    Home Purchase 360 $83,110,000 $230,861 $4,317 6.98%
    Refi 146 $14,890,000 $101,986 $996 7.80%
    Cash Out Refi 70 $21,470,000 $306,714 $4,515 6.44%

    For 2023, American Heritage Fcu's most frequently cited loan purpose was Home Improvement, with 805 originations. The 2nd most popular reason was Other, with 493 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 585 $39,205,000 $67,017 $147 8.25%
    15 Year 461 $50,465,000 $109,469 $1,295 8.70%
    5 Year 338 $21,910,000 $64,822 $0 7.64%
    30 Year 263 $69,705,000 $265,038 $4,582 6.50%
    Other 108 $13,970,000 $129,352 $2 7.82%
    3 Year 79 $2,555,000 $32,342 $0 6.15%
    20 Year 34 $5,830,000 $171,471 $1,755 7.98%
    1 Year 6 $1,180,000 $196,667 $0 6.17%

    For 2023, American Heritage Fcu's most frequently cited loan duration was 10 Year, with 585 originations. The 2nd most popular length was 15 Year, with 461 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 585 $72,405,000 $123,769
    $1k-2k 38 $9,410,000 $247,632
    $2k-3k 26 $6,010,000 $231,154
    $3k-4k 11 $3,345,000 $304,091
    $5k+ 7 $2,975,000 $425,000
    $4k-5k 6 $1,820,000 $303,333

    American Heritage Fcu's average total fees were $4,582, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 585 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 723 $68,925,000 $95,332
    Over 8% 675 $49,975,000 $74,037
    6-7% 316 $56,440,000 $178,608
    5-6% 151 $25,485,000 $168,775
    4-5% 5 $1,695,000 $339,000
    <2.5% 3 $2,215,000 $738,333
    3-4% 1 $85,000 $85,000

    During 2023, American Heritage Fcu's average interest rate for loans was 6.50%, while their most frequently originated rate bucket for loans was 7-8%, with 723 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,238 $57,270,000 $46,260 $180 8.17%
    $100k-200k 330 $44,860,000 $135,939 $2,800 7.66%
    $200k-400k 246 $66,950,000 $272,154 $4,526 7.03%
    $400k-600k 46 $20,920,000 $454,783 $6,186 6.76%
    $600k-1MM 11 $7,825,000 $711,364 $8,469 6.34%
    $1MM+ 3 $6,995,000 $2,331,667 $0 4.83%

    2023 saw American Heritage Fcu place emphasis on $100,000 or less loans with 1,238 originations, totaling $57,270,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 510 $50,750,000 $99,510 $1,880 7.95%
    $150k-250k 452 $52,560,000 $116,283 $1,792 7.96%
    $75k-100k 335 $30,425,000 $90,821 $1,889 7.91%
    $50k-75k 268 $20,870,000 $77,873 $2,243 7.92%
    $250k+ 159 $31,435,000 $197,704 $3,016 7.65%
    $50k or less 115 $6,855,000 $59,609 $1,960 7.69%

    American Heritage Fcu lent most frequently to those with incomes in the $100k-150k range, with 510 originations. The second most popular income band? $150k-250k, with 452 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 472 $41,870,000 $88,708 $1,431 7.78%
    30-36% 354 $36,990,000 $104,492 $2,057 8.06%
    <20% 151 $11,445,000 $75,795 $1,115 7.49%
    50-60% 77 $9,085,000 $117,987 $1,683 8.11%
    37% 72 $8,010,000 $111,250 $2,350 8.04%
    40% 69 $6,935,000 $100,507 $1,473 7.93%
    38% 60 $6,910,000 $115,167 $2,355 7.97%
    41% 59 $6,925,000 $117,373 $2,079 7.98%
    39% 57 $6,105,000 $107,105 $1,952 7.98%
    36% 55 $6,285,000 $114,273 $3,120 8.12%
    46% 53 $5,695,000 $107,453 $2,993 8.00%
    42% 52 $7,380,000 $141,923 $2,670 7.57%
    44% 52 $7,940,000 $152,692 $2,831 8.01%
    48% 51 $5,985,000 $117,353 $3,058 8.01%
    43% 49 $5,225,000 $106,633 $1,936 8.05%
    45% 46 $4,560,000 $99,130 $2,005 8.02%
    47% 46 $4,700,000 $102,174 $2,666 7.98%
    49% 41 $4,525,000 $110,366 $3,405 7.73%
    >60% 32 $6,630,000 $207,188 $2,153 7.89%

    American Heritage Fcu lent most frequently to those with DTI ratios of 20-30%, with 472 originations. The next most common DTI ratio? 30-36%, with 354 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,312 $138,280,000 $105,396 $1,832 7.87%
    Not provided 198 $23,360,000 $117,980 $2,106 7.80%
    Black 257 $21,835,000 $84,961 $2,399 8.23%
    Not applicable 24 $11,100,000 $462,500 $0 6.34%
    Asian 63 $8,465,000 $134,365 $2,804 7.54%
    American Indian 10 $870,000 $87,000 $3,117 7.58%
    Native Hawaiian or Islander 7 $555,000 $79,286 $1,659 8.31%
    Asian Indian 2 $280,000 $140,000 $0 7.24%
    Other Pacific Islander 1 $75,000 $75,000 $0 7.49%

    Approval Rates

    Total approvals of all applications
    60.09%

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

    Pick Rate

    Approvals leading to origination
    74.76%

    American Heritage Fcu has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 4 $160,000 $40,000
    NA 1,870 $204,660,000 $109,444

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,874 $204,820,000 $109,296

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 374 $44,850,000 $119,920 $1,063 8.25%
    40-60% 130 $25,800,000 $198,462 $3,293 7.45%
    60-80% 144 $42,370,000 $294,236 $4,612 6.96%
    80-100% 139 $40,185,000 $289,101 $4,863 6.38%
    Over 100% 2 $560,000 $280,000 $0 7.88%
    Under 20% 1,085 $51,055,000 $47,055 $16 8.12%