American Heritage Fcu Mortgage Rates, Fees & Info

Philadelphia, PA

LEI: 549300N5GF79IZ5Y7G10

Tax ID: 23-1370526

5 stars - out of 5 stars, based on 59 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

American Heritage Fcu is a smaller credit union specializing in Refi, Cash Out Refi, 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.) They have a low ratio of USDA loans. Their top markets include Philadelphia, New York, Allentown, Ocean City, and Reading among others. American Heritage Fcu has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. American Heritage Fcu is typically an average fee lendor.


Originations

3,508

Origination Dollar Volume (All Markets)

$528,110,000
Show all (5) awards

Relative Rate

American Heritage Fcu's average 30 year fixed rate mortgage of loans were 3.39%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.24%.

Relative Fees

American Heritage Fcu's average total fees for a 30 year fixed rate mortgage are $3,313.

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

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3,076 $424,050,000 $137,858 $2,014 3.81%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 46 $39,530,000 $859,348 $1,697 3.78%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 83 $12,395,000 $149,337 $1,714 3.65%
OCEAN CITY, NJ (FHA|USDA|VA) 38 $9,820,000 $258,421 $2,973 3.60%
READING, PA (FHA|USDA|VA) 59 $7,105,000 $120,424 $1,893 3.81%
SALISBURY, MD-DE (FHA|USDA|VA) 8 $5,570,000 $696,250 $2,273 3.56%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 26 $5,070,000 $195,000 $2,576 3.49%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $2,565,000 $855,000 $12,082 3.33%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 21 $1,995,000 $95,000 $704 4.15%
Outside of Metro Areas 13 $1,655,000 $127,308 $2,284 3.55%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 9 $1,295,000 $143,889 $885 3.70%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,150,000 $287,500 $2,467 3.40%
YORK-HANOVER, PA (FHA|USDA|VA) 6 $1,080,000 $180,000 $786 3.86%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 6 $810,000 $135,000 $1,610 4.13%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 4 $610,000 $152,500 $3,171 3.54%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $510,000 $255,000 $3,321 4.68%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $485,000 $485,000 $8,335 2.38%
OCALA, FL (FHA|USDA|VA) 3 $475,000 $158,333 $3,949 3.06%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $440,000 $220,000 $3,504 2.96%
DOVER, DE (FHA|USDA|VA) 5 $435,000 $87,000 $3,456 4.34%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $425,000 $425,000 $4,461 3.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $415,000 $138,333 $3,337 2.55%
GLENS FALLS, NY (FHA|USDA|VA) 1 $405,000 $405,000 $0 3.99%
EAST STROUDSBURG, PA (FHA|USDA|VA) 3 $385,000 $128,333 $2,023 3.21%
Indiana, PA (FHA|USDA|VA) 1 $375,000 $375,000 $4,333 2.50%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $335,000 $335,000 $2,238 2.95%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $330,000 $165,000 $1,180 3.62%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $325,000 $325,000 $1,984 3.18%
LANCASTER, PA (FHA|USDA|VA) 3 $325,000 $108,333 $1,272 3.23%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $320,000 $160,000 $8,114 4.93%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $305,000 $305,000 $0 5.49%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $300,000 $75,000 $0 4.55%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $295,000 $98,333 $2,712 3.60%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $290,000 $145,000 $1,554 3.87%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $270,000 $135,000 $6,223 4.37%
PITTSBURGH, PA (FHA|USDA|VA) 4 $260,000 $65,000 $2,780 4.45%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $240,000 $120,000 $1,550 4.56%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $235,000 $78,333 $2,684 3.58%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $225,000 $75,000 $3,106 3.55%
GETTYSBURG, PA (FHA|USDA|VA) 1 $225,000 $225,000 $0 3.75%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.13%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $215,000 $215,000 $2,196 3.50%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $210,000 $105,000 $0 4.75%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $195,000 $195,000 $3,420 3.13%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $190,000 $95,000 $2,989 3.30%
COLUMBIA, SC (FHA|USDA|VA) 1 $185,000 $185,000 $6,739 3.88%
Clarksburg, WV (FHA|USDA|VA) 1 $185,000 $185,000 $2,782 3.43%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $185,000 $185,000 $4,446 2.98%
Pottsville, PA (FHA|USDA|VA) 3 $185,000 $61,667 $3,312 3.71%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $175,000 $58,333 $0 3.37%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $165,000 $165,000 $3,270 2.98%
PUEBLO, CO (FHA|USDA|VA) 1 $165,000 $165,000 $0 4.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,059 3.13%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.25%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $155,000 $155,000 $4,172 3.00%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $155,000 $155,000 $6,454 3.38%
LEBANON, PA (FHA|USDA|VA) 1 $125,000 $125,000 $2,832 3.15%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $125,000 $125,000 $2,898 3.25%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 2 $120,000 $60,000 $4,258 3.31%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $120,000 $60,000 $1,035 3.75%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $115,000 $115,000 $1,931 3.75%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.24%
GREENVILLE, NC (FHA|USDA|VA) 1 $105,000 $105,000 $2,281 2.98%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.74%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $105,000 $105,000 $2,207 3.25%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $95,000 $95,000 $4,210 2.15%
KNOXVILLE, TN (FHA|USDA|VA) 1 $85,000 $85,000 $2,582 2.50%
SPARTANBURG, SC (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.74%
Elkins, WV (FHA|USDA|VA) 1 $65,000 $65,000 $0 2.88%
Easton, MD (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.74%
OWENSBORO, KY (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.74%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.74%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.24%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.24%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.24%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.74%
Sanford, NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.24%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.74%
ELMIRA, NY (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.74%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $25,000 $25,000 $312 3.99%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $15,000 $15,000 $0 4.24%
ASHEVILLE, NC (FHA|USDA|VA) 1 $15,000 $15,000 $0 3.74%

American Heritage Fcu's top markets include Philadelphia, New York, Allentown, Ocean City, and Reading among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,429 $511,145,000 $149,065 $1,828 3.82%
FHA 66 $13,440,000 $203,636 $7,330 3.09%
VA 12 $3,200,000 $266,667 $8,518 2.95%
USDA 1 $325,000 $325,000 $10,241 2.88%

For the 2021 period, American Heritage Fcu's most frequently originated loan type of loans were Conventional, with 3,429 originations. Their 2nd most popular type is FHA, with 66 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Improvement 1,065 $65,325,000 $61,338 $1 4.36%
Refi 979 $163,055,000 $166,553 $1,090 3.42%
Cash Out Refi 599 $171,775,000 $286,770 $3,528 3.16%
Home Purchase 485 $107,975,000 $222,629 $4,461 3.60%
Other 380 $19,980,000 $52,579 $1 4.45%

For the 2021, American Heritage Fcu's most frequently cited loan purpose of loans were Home Improvement, with 1,065 originations. The 2nd most popular reason of loans were Refi, with 979 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
15 Year 857 $133,185,000 $155,408 $2,137 3.98%
10 Year 830 $75,910,000 $91,458 $881 4.19%
30 Year 798 $179,240,000 $224,612 $3,313 3.39%
5 Year 481 $68,885,000 $143,212 $0 4.05%
20 Year 240 $49,480,000 $206,167 $2,452 3.16%
3 Year 167 $5,085,000 $30,449 $0 2.73%
Other 131 $15,155,000 $115,687 $383 4.17%
1 Year 4 $1,170,000 $292,500 $0 4.56%

For the 2021, American Heritage Fcu's most frequently cited loan length of loans were 15 Year, with 857 originations. The 2nd most popular length of loans were 10 Year, with 830 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,808 $263,910,000 $145,968
$1k-2k 195 $39,305,000 $201,564
$2k-3k 56 $12,230,000 $218,393
$3k-4k 56 $14,930,000 $266,607
$5k+ 27 $16,795,000 $622,037

$3,313 of loans were American Heritage Fcu's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,808 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 1,588 $309,380,000 $194,824
4-5% 652 $52,850,000 $81,058
2.5-3% 563 $100,285,000 $178,126
<2.5% 298 $36,450,000 $122,315
5-6% 286 $21,220,000 $74,196
6-7% 109 $7,525,000 $69,037
7-8% 8 $290,000 $36,250
Over 8% 4 $110,000 $27,500

During 2021, American Heritage Fcu's average interest rate of loans were 3.39%, while their most frequently originated rate bucket of loans were 3-4%, with 1,588 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 1,675 $78,175,000 $46,672 $325 4.20%
$100k-200k 963 $138,695,000 $144,024 $2,176 3.49%
$200k-400k 750 $199,200,000 $265,600 $3,301 3.34%
$400k-600k 82 $37,800,000 $460,976 $4,922 3.39%
$600k-1MM 21 $15,435,000 $735,000 $12,825 3.69%
$1MM+ 17 $58,805,000 $3,459,118 $30,046 3.97%

2021 saw American Heritage Fcu place emphasis on $100,000 or less loans with 1,675 originations, totaling $78,175,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 867 $117,785,000 $135,854 $2,034 3.80%
$50k-75k 673 $75,435,000 $112,088 $1,918 3.72%
$150k-250k 662 $97,120,000 $146,707 $2,182 3.92%
$75k-100k 617 $81,365,000 $131,872 $2,000 3.75%
$50k or less 395 $37,145,000 $94,038 $1,784 3.62%
$250k+ 183 $39,135,000 $213,852 $3,737 4.00%

American Heritage Fcu lent most frequently to those with incomes in the $100k-150k range, with 867 originations. The second most popular income band? $50k-75k, with 673 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 856 $103,710,000 $121,157 $1,810 3.74%
30-36% 674 $83,950,000 $124,555 $1,972 3.83%
<20% 329 $34,375,000 $104,483 $1,359 3.64%
50-60% 202 $25,250,000 $125,000 $1,375 4.16%
40% 114 $17,330,000 $152,018 $2,233 3.93%
39% 111 $16,695,000 $150,405 $2,219 3.71%
41% 108 $21,030,000 $194,722 $3,537 3.72%
42% 107 $14,185,000 $132,570 $2,138 3.86%
44% 103 $14,325,000 $139,078 $2,734 3.71%
36% 101 $14,215,000 $140,743 $1,833 3.82%
38% 99 $14,935,000 $150,859 $2,698 3.73%
37% 99 $14,135,000 $142,778 $2,391 3.80%
43% 89 $13,415,000 $150,730 $2,632 3.59%
46% 78 $11,080,000 $142,051 $2,752 3.85%
45% 74 $10,530,000 $142,297 $2,653 3.88%
48% 68 $8,980,000 $132,059 $1,972 3.93%
47% 67 $9,765,000 $145,746 $2,273 3.81%
>60% 67 $11,905,000 $177,687 $1,687 3.67%
49% 61 $7,815,000 $128,115 $2,393 3.86%

American Heritage Fcu lent most frequently to those with DTI ratios of 20-30%, with 856 originations. The next most common DTI ratio? 30-36%, with 674 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 2,426 $324,270,000 $133,664 $1,917 3.79%
Not applicable 79 $74,485,000 $942,848 $0 4.04%
Black 470 $61,970,000 $131,851 $2,726 3.82%
Not provided 393 $50,835,000 $129,351 $1,894 3.84%
Asian 110 $14,120,000 $128,364 $1,945 3.59%
American Indian 15 $1,535,000 $102,333 $2,401 3.84%
Asian Indian 5 $295,000 $59,000 $0 5.09%
Chinese 1 $235,000 $235,000 $0 4.00%
Native Hawaiian 5 $195,000 $39,000 $0 3.79%
Filipino 3 $95,000 $31,667 $0 3.66%
Other Pacific Islander 1 $75,000 $75,000 $0 4.24%

Approval Rates

Total approvals of all applications
76.72%

American Heritage Fcu has a below average approval rate.

Pick Rate

Approvals leading to origination
73.90%

American Heritage Fcu has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
0.0 11 $465,000 $42,273
NA 3,497 $527,645,000 $150,885

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
3,508 $528,110,000 $150,544

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 592 $59,820,000 $101,047 $966 4.04%
40-60% 511 $91,795,000 $179,638 $2,051 3.33%
60-80% 735 $176,145,000 $239,653 $2,877 3.36%
80-100% 380 $93,740,000 $246,684 $3,883 3.33%
Over 100% 33 $54,245,000 $1,643,788 $13,842 4.07%
Under 20% 1,257 $52,365,000 $41,659 $49 4.27%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
AMERICAN PACIFIC MORTGAGE Conventional home mortgage Closing on a mortgage 1 3.6%
AMERICAN PACIFIC MORTGAGE VA mortgage Closing on a mortgage 1 3.6%
AMERICAN PACIFIC MORTGAGE Home equity loan or line of credit (HELOC) Closing on a mortgage 1 3.6%
AMERICAN PACIFIC MORTGAGE FHA mortgage Trouble during payment process 1 3.6%
AMERICAN PACIFIC MORTGAGE FHA mortgage Closing on a mortgage 1 3.6%
AMERICAN PACIFIC MORTGAGE FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.6%
AMERICAN PACIFIC MORTGAGE Conventional home mortgage Incorrect information on your report 1 3.6%
AMERICAN PACIFIC MORTGAGE Conventional home mortgage Trouble during payment process 21 75.0%