American Heritage Fcu Mortgage Rates, Fees & Info
Philadelphia, PALEI: 549300N5GF79IZ5Y7G10
Tax ID: 23-1370526
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Mortgage Data
Review & Overview
American Heritage Fcu is a smaller credit union specializing in 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, Ocean City, Allentown, New York, and Atlantic City among others. We have data for 56 markets. (Some data included below & more in-depth data is available with an active subscription.)American Heritage Fcu 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. 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.01% | 12/16/24 |
| 30 Year Conventional Purchase | 6.66% | 12/16/24 |
| 30 Year Conventional Refi | 6.55% | 12/16/24 |
| 30 Year Cash-out Refi | 6.72% | 12/16/24 |
| 30 Year FHA Purchase | 7.29% | 12/16/24 |
| 30 Year FHA Refi | 7.42% | 12/16/24 |
| 30 Year VA Purchase | 6.57% | 12/16/24 |
| 15 Year Conventional Purchase | 6.70% | 12/16/24 |
| 15 Year Conventional Refi | 6.58% | 12/16/24 |
| 15 Year Cash-out Refi | 6.58% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,760Origination Dollar Volume (All Markets)
$333,130,000Awards
AMERICAN HERITAGE FCU - 2019
AMERICAN HERITAGE FCU is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 2,495 | $297,645,000 | $119,297 | $2,394 | 4.38% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 34 | $5,700,000 | $167,647 | $3,334 | 4.30% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 41 | $5,165,000 | $125,976 | $2,574 | 4.10% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 25 | $3,955,000 | $158,200 | $3,374 | 4.14% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 21 | $3,175,000 | $151,190 | $1,679 | 4.31% |
| READING, PA (FHA|USDA|VA) | 28 | $2,940,000 | $105,000 | $2,392 | 4.30% |
| Outside of Metro Areas | 15 | $1,995,000 | $133,000 | $4,497 | 4.14% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 9 | $1,875,000 | $208,333 | $3,188 | 3.64% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 6 | $1,360,000 | $226,667 | $3,975 | 3.50% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 8 | $750,000 | $93,750 | $0 | 4.52% |
| LANCASTER, PA (FHA|USDA|VA) | 7 | $685,000 | $97,857 | $3,892 | 4.67% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $4,768 | 3.31% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $3,646 | 4.91% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $2,913 | 4.62% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 5 | $425,000 | $85,000 | $3,565 | 4.17% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,100 | 3.06% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,365 | 4.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $2,659 | 4.25% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,181 | 3.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $3,447 | 5.12% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,203 | 3.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $5,016 | 3.83% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,801 | 3.87% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,282 | 4.06% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $1,666 | 3.13% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.74% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,723 | 3.44% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,705 | 3.75% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,416 | 4.00% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,790 | 4.50% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,713 | 3.50% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,117 | 3.88% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,610 | 3.50% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,361 | 3.63% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $130,000 | $32,500 | $0 | 5.68% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,420 | 4.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.24% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.49% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,366 | 3.13% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.49% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.24% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,298 | 3.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 3.74% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.24% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,205 | 4.50% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.74% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.49% |
| DOVER, DE (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.99% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 2.49% |
| OCALA, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 2.49% |
| DuBois, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.74% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.24% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.74% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.74% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.74% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 2.49% |
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Product Mix
For 2019, American Heritage Fcu's most frequently originated type of loan was Conventional, with 1,483 originations. Their 2nd most popular type was HELOC, with 1,179 originations.
Loan Reason
For 2019, American Heritage Fcu's most frequently cited loan purpose was Home Improvement, with 917 originations. The 2nd most popular reason was Home Purchase, with 532 originations.
Loan Duration/Length
For 2019, American Heritage Fcu's most frequently cited loan duration was 10 Year, with 712 originations. The 2nd most popular length was 15 Year, with 564 originations.
Origination Fees/Closing Costs
American Heritage Fcu's average total fees were $4,596, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,073 originations.
Interest Rates
During 2019, American Heritage Fcu's average interest rate for loans was 3.94%, while their most frequently originated rate bucket for loans was 4-5%, with 986 originations.
Loan Sizing
2019 saw American Heritage Fcu place emphasis on $100,000 or less loans with 1,682 originations, totaling $70,740,000 in origination value.
Applicant Income
American Heritage Fcu lent most frequently to those with incomes in the $100k-150k range, with 683 originations. The second most popular income band? $50k-75k, with 552 originations.
Applicant Debt to Income Ratio
American Heritage Fcu lent most frequently to those with DTI ratios of 20-30%, with 728 originations. The next most common DTI ratio? 30-36%, with 507 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.66%
American Heritage Fcu has a below average approval rate.
Pick Rate
Approvals leading to origination70.11%
American Heritage Fcu has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 24 | $1,200,000 | $50,000 |
| NA | 2,736 | $331,930,000 | $121,319 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 29 | $33,015,000 | $1,138,448 |
| Single Family (1-4 Units):Site-Built | 2,731 | $300,115,000 | $109,892 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| American Heritage Capital, LP | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |