Ardent Federal Credit Union Mortgage Lending & HMDA Data, 2022
In 2022, Ardent Federal Credit Union of Philadelphia, PA reported 933 mortgage applications totaling $147.7 million, up 83% from 2021. The average application was for $158,311, and applicants reported an average income of $154,510. 57% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Montgomery County-Bucks County-Chester County, PA (365), Philadelphia, PA (233) and Camden, NJ (54) (applications in parentheses).
| Mortgage Company & Address | Ardent Federal Credit Union 1500 Spring Garden St. Suite 500 Philadelphia, PA 19102 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 933 |
| Total Mortgage Loan Application Amount | $147,705,000 |
| Average Mortgage Loan Application Amount | $158,311 |
| Highest Mortgage Loan Application Amount | $2,005,000 |
| Average Applicant Income | $154,510 |
| Highest Applicant Income | $1,300,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Ardent Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Montgomery, Pennsylvania | 219 | $ 30,235,000 | $ 138,059 | $ 178,000 |
| Philadelphia, Pennsylvania | 148 | $ 18,050,000 | $ 121,959 | $ 115,000 |
| Chester, Pennsylvania | 104 | $ 15,320,000 | $ 147,307 | $ 171,000 |
| Delaware, Pennsylvania | 85 | $ 12,835,000 | $ 151,000 | $ 171,000 |
| Bucks, Pennsylvania | 42 | $ 6,760,000 | $ 160,952 | $ 194,000 |
| Gloucester, New Jersey | 21 | $ 2,495,000 | $ 118,809 | $ 144,000 |
| New Castle, Delaware | 20 | $ 2,260,000 | $ 113,000 | $ 127,000 |
| Camden, New Jersey | 18 | $ 1,870,000 | $ 103,888 | $ 86,000 |
| Burlington, New Jersey | 15 | $ 2,065,000 | $ 137,666 | $ 167,000 |
| Berks, Pennsylvania | 14 | $ 1,810,000 | $ 129,285 | $ 144,000 |
| Cape May, New Jersey | 13 | $ 3,805,000 | $ 292,692 | $ 161,000 |
| DeKalb, Georgia | 5 | $ 275,000 | $ 55,000 | $ 30,000 |
| Atlantic, New Jersey | 5 | $ 1,205,000 | $ 241,000 | $ 335,000 |
| Wake, North Carolina | 5 | $ 1,055,000 | $ 211,000 | $ 181,000 |
| Broward, Florida | 4 | $ 850,000 | $ 212,500 | $ 220,000 |
| Orange, Florida | 4 | $ 590,000 | $ 147,500 | $ 89,000 |
| Palm Beach, Florida | 4 | $ 2,740,000 | $ 685,000 | $ 237,000 |
| Cook, Illinois | 4 | $ 700,000 | $ 175,000 | $ 138,000 |
| Middlesex, New Jersey | 4 | $ 760,000 | $ 190,000 | $ 155,000 |
| Orange, California | 3 | $ 405,000 | $ 135,000 | $ 302,000 |
| Sussex, Delaware | 3 | $ 705,000 | $ 235,000 | $ 161,000 |
| Anne Arundel, Maryland | 3 | $ 265,000 | $ 88,333 | $ 104,000 |
| Cumberland, New Jersey | 3 | $ 225,000 | $ 75,000 | $ 106,000 |
| Morris, New Jersey | 3 | $ 1,655,000 | $ 551,666 | $ 265,000 |
| Lehigh, Pennsylvania | 3 | $ 375,000 | $ 125,000 | $ 71,000 |
| Maricopa, Arizona | 2 | $ 90,000 | $ 45,000 | $ 105,000 |
| San Diego, California | 2 | $ 580,000 | $ 290,000 | $ 125,000 |
| Hillsborough, Florida | 2 | $ 210,000 | $ 105,000 | $ 91,000 |
| Okaloosa, Florida | 2 | $ 610,000 | $ 305,000 | $ 126,000 |
| Sarasota, Florida | 2 | $ 210,000 | $ 105,000 | $ 164,000 |
| Gwinnett, Georgia | 2 | $ 80,000 | $ 40,000 | $ 98,000 |
| Montgomery, Maryland | 2 | $ 980,000 | $ 490,000 | $ 258,000 |
| Worcester, Maryland | 2 | $ 500,000 | $ 250,000 | $ 202,000 |
| Suffolk, Massachusetts | 2 | $ 920,000 | $ 460,000 | $ 244,000 |
| Clark, Nevada | 2 | $ 530,000 | $ 265,000 | $ 109,000 |
| Hunterdon, New Jersey | 2 | $ 170,000 | $ 85,000 | $ 228,000 |
| Mercer, New Jersey | 2 | $ 530,000 | $ 265,000 | $ 193,000 |
| Passaic, New Jersey | 2 | $ 80,000 | $ 40,000 | $ 155,000 |
| Chemung, New York | 2 | $ 300,000 | $ 150,000 | $ 83,000 |
| Kings, New York | 2 | $ 790,000 | $ 395,000 | $ 163,000 |
| Oswego, New York | 2 | $ 350,000 | $ 175,000 | $ 220,000 |
| New Hanover, North Carolina | 2 | $ 460,000 | $ 230,000 | $ 87,000 |
| Carbon, Pennsylvania | 2 | $ 160,000 | $ 80,000 | $ 75,000 |
| Dauphin, Pennsylvania | 2 | $ 540,000 | $ 270,000 | $ 174,000 |
| Northampton, Pennsylvania | 2 | $ 330,000 | $ 165,000 | $ 98,000 |
| Horry, South Carolina | 2 | $ 150,000 | $ 75,000 | $ 81,000 |
| Davidson, Tennessee | 2 | $ 360,000 | $ 180,000 | $ 136,000 |
| Clark, Washington | 2 | $ 510,000 | $ 255,000 | $ 59,000 |
| Coconino, Arizona | 1 | $ 85,000 | $ 85,000 | $ 172,000 |
| Pulaski, Arkansas | 1 | $ 185,000 | $ 185,000 | $ 54,000 |
| Los Angeles, California | 1 | $ 155,000 | $ 155,000 | $ 100,000 |
| Napa, California | 1 | $ 105,000 | $ 105,000 | $ 175,000 |
| Riverside, California | 1 | $ 125,000 | $ 125,000 | $ 132,000 |
| San Bernardino, California | 1 | $ 55,000 | $ 55,000 | $ 60,000 |
| Arapahoe, Colorado | 1 | $ 75,000 | $ 75,000 | $ 128,000 |
| Douglas, Colorado | 1 | $ 205,000 | $ 205,000 | $ 130,000 |
| Eagle, Colorado | 1 | $ 75,000 | $ 75,000 | $ 233,000 |
| Grand, Colorado | 1 | $ 255,000 | $ 255,000 | $ 375,000 |
| Larimer, Colorado | 1 | $ 95,000 | $ 95,000 | $ 160,000 |
| District of Columbia, District Of Columbia | 1 | $ 425,000 | $ 425,000 | $ 84,000 |
| Brevard, Florida | 1 | $ 205,000 | $ 205,000 | $ 284,000 |
| Charlotte, Florida | 1 | $ 25,000 | $ 25,000 | $ 107,000 |
| Flagler, Florida | 1 | $ 145,000 | $ 145,000 | $ 110,000 |
| Indian River, Florida | 1 | $ 65,000 | $ 65,000 | $ 30,000 |
| Lee, Florida | 1 | $ 85,000 | $ 85,000 | $ 49,000 |
| Miami-Dade, Florida | 1 | $ 25,000 | $ 25,000 | $ 80,000 |
| Pasco, Florida | 1 | $ 485,000 | $ 485,000 | $ 193,000 |
| Sumter, Florida | 1 | $ 105,000 | $ 105,000 | $ 43,000 |
| Clayton, Georgia | 1 | $ 35,000 | $ 35,000 | $ 64,000 |
| Henry, Georgia | 1 | $ 205,000 | $ 205,000 | $ 100,000 |
| Walton, Georgia | 1 | $ 135,000 | $ 135,000 | $ 16,000 |
| Sedgwick, Kansas | 1 | $ 15,000 | $ 15,000 | $ 94,000 |
| Waldo, Maine | 1 | $ 45,000 | $ 45,000 | $ 43,000 |
| Baltimore, Maryland | 1 | $ 165,000 | $ 165,000 | $ 858,000 |
| Baltimore City, Maryland | 1 | $ 25,000 | $ 25,000 | $ 91,000 |
| Frederick, Maryland | 1 | $ 435,000 | $ 435,000 | $ 195,000 |
| St. Mary's, Maryland | 1 | $ 385,000 | $ 385,000 | $ 386,000 |
| Talbot, Maryland | 1 | $ 155,000 | $ 155,000 | $ 288,000 |
| Essex, Massachusetts | 1 | $ 95,000 | $ 95,000 | $ 144,000 |
| Washtenaw, Michigan | 1 | $ 85,000 | $ 85,000 | $ 183,000 |
| Hennepin, Minnesota | 1 | $ 355,000 | $ 355,000 | $ 157,000 |
| Ramsey, Minnesota | 1 | $ 105,000 | $ 105,000 | $ 155,000 |
| Scott, Minnesota | 1 | $ 55,000 | $ 55,000 | $ 69,000 |
| DeSoto, Mississippi | 1 | $ 15,000 | $ 15,000 | $ 102,000 |
| Marshall, Mississippi | 1 | $ 55,000 | $ 55,000 | $ 0 |
| St. Louis, Missouri | 1 | $ 45,000 | $ 45,000 | $ 66,000 |
| Cheshire, New Hampshire | 1 | $ 125,000 | $ 125,000 | $ 123,000 |
| Hillsborough, New Hampshire | 1 | $ 65,000 | $ 65,000 | $ 122,000 |
| Essex, New Jersey | 1 | $ 45,000 | $ 45,000 | $ 28,000 |
| Monmouth, New Jersey | 1 | $ 195,000 | $ 195,000 | $ 226,000 |
| Ocean, New Jersey | 1 | $ 65,000 | $ 65,000 | $ 158,000 |
| Salem, New Jersey | 1 | $ 55,000 | $ 55,000 | $ 68,000 |
| Queens, New York | 1 | $ 15,000 | $ 15,000 | $ 40,000 |
| Schuyler, New York | 1 | $ 25,000 | $ 25,000 | $ 94,000 |
| Suffolk, New York | 1 | $ 205,000 | $ 205,000 | $ 57,000 |
| Buncombe, North Carolina | 1 | $ 105,000 | $ 105,000 | $ 428,000 |
| Dare, North Carolina | 1 | $ 45,000 | $ 45,000 | $ 363,000 |
| Durham, North Carolina | 1 | $ 75,000 | $ 75,000 | $ 135,000 |
| Franklin, North Carolina | 1 | $ 15,000 | $ 15,000 | $ 87,000 |
| Guilford, North Carolina | 1 | $ 135,000 | $ 135,000 | $ 344,000 |
| Henderson, North Carolina | 1 | $ 405,000 | $ 405,000 | $ 0 |
| Union, North Carolina | 1 | $ 25,000 | $ 25,000 | $ 93,000 |
| Warren, North Carolina | 1 | $ 105,000 | $ 105,000 | $ 150,000 |
| Stark, Ohio | 1 | $ 65,000 | $ 65,000 | $ 136,000 |
| Warren, Ohio | 1 | $ 35,000 | $ 35,000 | $ 117,000 |
| Allegheny, Pennsylvania | 1 | $ 335,000 | $ 335,000 | $ 141,000 |
| Lancaster, Pennsylvania | 1 | $ 205,000 | $ 205,000 | $ 46,000 |
| Luzerne, Pennsylvania | 1 | $ 55,000 | $ 55,000 | $ 49,000 |
| Potter, Pennsylvania | 1 | $ 15,000 | $ 15,000 | $ 54,000 |
| Wayne, Pennsylvania | 1 | $ 145,000 | $ 145,000 | $ 260,000 |
| Greenville, South Carolina | 1 | $ 145,000 | $ 145,000 | $ 50,000 |
| Wilson, Tennessee | 1 | $ 45,000 | $ 45,000 | $ 133,000 |
| Davis, Utah | 1 | $ 75,000 | $ 75,000 | $ 109,000 |
| Chesapeake, Virginia | 1 | $ 25,000 | $ 25,000 | $ 54,000 |
| Chesterfield, Virginia | 1 | $ 385,000 | $ 385,000 | $ 106,000 |
| Culpeper, Virginia | 1 | $ 75,000 | $ 75,000 | $ 100,000 |
| Fairfax, Virginia | 1 | $ 155,000 | $ 155,000 | $ 160,000 |
| Stafford, Virginia | 1 | $ 115,000 | $ 115,000 | $ 161,000 |
| King, Washington | 1 | $ 55,000 | $ 55,000 | $ 141,000 |
Mortgage Loan Application Detail Totals for Ardent Federal Credit Union in 2022
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Improvement | 482 | $53,480,000 | $110,000 | $645,000 | $163,000 | $858,000 |
| Other Purpose | 159 | $17,015,000 | $107,000 | $505,000 | $143,000 | $1,300,000 |
| Home Purchase | 152 | $50,920,000 | $335,000 | $2,005,000 | $153,000 | $520,000 |
| Refinancing | 89 | $14,585,000 | $163,000 | $635,000 | $144,000 | $449,000 |
| Cash-out Refinancing | 51 | $11,705,000 | $229,000 | $755,000 | $133,000 | $383,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 552 | $89,430,000 | $162,000 | $2,005,000 | $170,000 | $1,300,000 |
| Black or African American | 150 | $14,900,000 | $99,000 | $575,000 | $99,000 | $858,000 |
| Not Provided | 146 | $31,600,000 | $216,000 | $1,105,000 | $156,000 | $1,241,000 |
| Hispanic | 50 | $6,590,000 | $131,000 | $595,000 | $131,000 | $505,000 |
| Asian | 28 | $4,190,000 | $149,000 | $305,000 | $191,000 | $420,000 |
| American Indian or Alaskan Native | 5 | $575,000 | $115,000 | $185,000 | $128,000 | $295,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 933 | $147,705,000 | $158,000 | $2,005,000 | $155,000 | $1,300,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 534 | $81,870,000 | $153,000 | $855,000 | $175,000 | $1,241,000 |
| Application Denied By Financial Institution | 159 | $20,425,000 | $128,000 | $2,005,000 | $109,000 | $520,000 |
| File Closed For Incompleteness | 91 | $11,055,000 | $121,000 | $475,000 | $138,000 | $1,300,000 |
| Application Withdrawn By Applicant | 51 | $7,535,000 | $147,000 | $595,000 | $155,000 | $600,000 |
| Preapproval Approved but not Accepted | 40 | $14,930,000 | $373,000 | $1,105,000 | $171,000 | $477,000 |
| Application Approved But Not Accepted | 35 | $6,705,000 | $191,000 | $655,000 | $138,000 | $441,000 |
| Preapproval Denied by Financial Institution | 23 | $5,185,000 | $225,000 | $555,000 | $68,000 | $155,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 933 | $147,705,000 | $158,000 | $2,005,000 | $155,000 | $1,300,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Ardent Federal Credit Union's 2022 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Ardent Federal Credit Union's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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