Ardent Federal Credit Union Mortgage Lending & HMDA Data, 2024
In 2024, Ardent Federal Credit Union of Philadelphia, PA reported 672 mortgage applications totaling $103.6 million, down 4% from 2023. The average application was for $154,166, and applicants reported an average income of $179,836. 64% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Montgomery County-Bucks County-Chester County, PA (307), Philadelphia, PA (170) and Camden, NJ (46) (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 | 672 |
| Total Mortgage Loan Application Amount | $103,600,000 |
| Average Mortgage Loan Application Amount | $154,166 |
| Highest Mortgage Loan Application Amount | $1,225,000 |
| Average Applicant Income | $179,836 |
| Highest Applicant Income | $1,625,000 |
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records Ardent Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Montgomery County-Bucks County-Chester County, PA | 307 | $ 49,155,000 | $ 160,114 | $ 196,000 |
| Philadelphia, PA | 170 | $ 21,820,000 | $ 128,352 | $ 157,000 |
| Camden, NJ | 46 | $ 4,260,000 | $ 92,608 | $ 160,000 |
| Outside any metro area | 25 | $ 6,035,000 | $ 241,400 | $ 106,000 |
| Atlantic City-Hammonton, NJ | 14 | $ 3,660,000 | $ 261,428 | $ 299,000 |
| Wilmington, DE-MD-NJ | 12 | $ 820,000 | $ 68,333 | $ 85,583 |
| Reading, PA | 11 | $ 1,435,000 | $ 130,454 | $ 159,000 |
| Atlanta-Sandy Springs-Roswell, GA | 9 | $ 835,000 | $ 92,777 | $ 95,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 6 | $ 680,000 | $ 113,333 | $ 159,000 |
| Lancaster, PA | 5 | $ 795,000 | $ 159,000 | $ 165,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 5 | $ 1,605,000 | $ 321,000 | $ 413,000 |
| New York-Jersey City-White Plains, NY-NJ | 3 | $ 275,000 | $ 91,666 | $ 109,333 |
| Anaheim-Santa Ana-Irvine, CA | 2 | $ 560,000 | $ 280,000 | $ 164,000 |
| Baltimore-Columbia-Towson, MD | 2 | $ 500,000 | $ 250,000 | $ 149,000 |
| Cambridge-Newton-Framingham, MA | 2 | $ 330,000 | $ 165,000 | $ 250,000 |
| Flagstaff, AZ | 2 | $ 510,000 | $ 255,000 | $ 200,000 |
| Knoxville, TN | 2 | $ 120,000 | $ 60,000 | $ 66,000 |
| Lakewood-New Brunswick, NJ | 2 | $ 230,000 | $ 115,000 | $ 161,000 |
| Nassau County-Suffolk County, NY | 2 | $ 360,000 | $ 180,000 | $ 381,000 |
| Newark, NJ-PA | 2 | $ 110,000 | $ 55,000 | $ 182,000 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 410,000 | $ 205,000 | $ 151,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 360,000 | $ 180,000 | $ 171,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 360,000 | $ 180,000 | $ 300,000 |
| San Diego-Carlsbad, CA | 2 | $ 610,000 | $ 305,000 | $ 92,000 |
| St. Louis, MO-IL | 2 | $ 190,000 | $ 95,000 | $ 95,000 |
| Washington, DC-MD | 2 | $ 210,000 | $ 105,000 | $ 249,000 |
| Wildwood-The Villages, FL | 2 | $ 740,000 | $ 370,000 | $ 209,000 |
| Arlington-Alexandria-Reston, VA-WV | 1 | $ 255,000 | $ 255,000 | $ 60,000 |
| Canton-Massillon, OH | 1 | $ 55,000 | $ 55,000 | $ 170,000 |
| Charleston-North Charleston, SC | 1 | $ 155,000 | $ 155,000 | $ 252,000 |
| Chicago-Naperville, IL | 1 | $ 55,000 | $ 55,000 | $ 103,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 35,000 | $ 35,000 | $ 71,000 |
| Dover, DE | 1 | $ 45,000 | $ 45,000 | $ 89,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 255,000 | $ 255,000 | $ 426,000 |
| Kansas City, MO-KS | 1 | $ 65,000 | $ 65,000 | $ 89,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 1,225,000 | $ 1,225,000 | $ 672,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 155,000 | $ 155,000 | $ 203,000 |
| Marietta, GA | 1 | $ 95,000 | $ 95,000 | $ 63,000 |
| Memphis, TN-MS-AR | 1 | $ 15,000 | $ 15,000 | $ 62,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 495,000 | $ 495,000 | $ 125,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 255,000 | $ 255,000 | $ 382,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 405,000 | $ 405,000 | $ 103,000 |
| Oakland-Hayward-Berkeley, CA | 1 | $ 105,000 | $ 105,000 | $ 90,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 115,000 | $ 115,000 | $ 276,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 75,000 | $ 75,000 | $ 328,000 |
| Pinehurst-Southern Pines, NC | 1 | $ 335,000 | $ 335,000 | $ 248,000 |
| Prescott Valley-Prescott, AZ | 1 | $ 255,000 | $ 255,000 | $ 400,000 |
| Salem, OR | 1 | $ 85,000 | $ 85,000 | $ 122,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 755,000 | $ 755,000 | $ 603,000 |
| Tallahassee, FL | 1 | $ 75,000 | $ 75,000 | $ 142,000 |
| Toledo, OH | 1 | $ 85,000 | $ 85,000 | $ 109,000 |
| Trenton, NJ | 1 | $ 335,000 | $ 335,000 | $ 160,000 |
| Vineland-Bridgeton, NJ | 1 | $ 325,000 | $ 325,000 | $ 112,000 |
| Washington-Baltimore-Arlington, DC | 1 | $ 85,000 | $ 85,000 | $ 115,000 |
| Wichita, KS | 1 | $ 45,000 | $ 45,000 | $ 102,000 |
| York-Hanover, PA | 1 | $ 385,000 | $ 385,000 | $ 337,000 |
Mortgage Loan Application Detail Totals for Ardent Federal Credit Union in 2024
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 | 319 | $41,675,000 | $130,000 | $505,000 | $200,000 | $1,625,000 |
| Other Purpose | 159 | $18,785,000 | $118,000 | $905,000 | $148,000 | $522,000 |
| Refinancing | 118 | $18,860,000 | $159,000 | $755,000 | $177,000 | $603,000 |
| Home Purchase | 64 | $21,370,000 | $333,000 | $1,225,000 | $176,000 | $672,000 |
| Cash-out Refinancing | 12 | $2,910,000 | $242,000 | $765,000 | $114,000 | $337,000 |
| 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 | 422 | $68,950,000 | $163,000 | $1,225,000 | $197,000 | $1,625,000 |
| Black or African American | 100 | $10,080,000 | $100,000 | $505,000 | $122,000 | $940,000 |
| Not Provided | 96 | $15,760,000 | $164,000 | $645,000 | $167,000 | $513,000 |
| Hispanic | 27 | $3,045,000 | $112,000 | $405,000 | $155,000 | $326,000 |
| Asian | 24 | $5,420,000 | $225,000 | $755,000 | $198,000 | $603,000 |
| American Indian or Alaskan Native | 2 | $110,000 | $55,000 | $55,000 | $157,000 | $196,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $235,000 | $235,000 | $235,000 | $144,000 | $144,000 |
| 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) | 672 | $103,600,000 | $154,000 | $1,225,000 | $180,000 | $1,625,000 |
| 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 | 429 | $65,925,000 | $153,000 | $1,225,000 | $202,000 | $1,581,000 |
| Application Denied By Financial Institution | 91 | $10,135,000 | $111,000 | $505,000 | $114,000 | $565,000 |
| Application Withdrawn By Applicant | 72 | $12,960,000 | $180,000 | $975,000 | $157,000 | $1,625,000 |
| File Closed For Incompleteness | 39 | $4,915,000 | $126,000 | $505,000 | $172,000 | $1,002,000 |
| Application Approved But Not Accepted | 21 | $4,265,000 | $203,000 | $455,000 | $159,000 | $400,000 |
| Preapproval Approved but not Accepted | 11 | $3,225,000 | $293,000 | $565,000 | $153,000 | $339,000 |
| Preapproval Denied by Financial Institution | 8 | $1,930,000 | $241,000 | $495,000 | $90,000 | $199,000 |
| Loan Purchased By The Institution | 1 | $245,000 | $245,000 | $245,000 | $108,000 | $108,000 |
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 | 672 | $103,600,000 | $154,000 | $1,225,000 | $180,000 | $1,625,000 |
| 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 2024 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.
For a list of all lenders in Pennsylvania, download the full spreadsheet
with aggregated HMDA statistics today.
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