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American Heritage Federal Credit Union

PHILADELPHIA, PA

American Heritage Federal Credit Union processed 4,234 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 2,066 loans with a 39.8% denial rate. Home Improvement was the primary loan purpose. Based in PHILADELPHIA, PA. The approval rate of 48.8% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. American Heritage Federal Credit Union's 48.8% origination rate tells you how often an application turned into funded money; the 39.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Debt-to-income ratio, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (4,215 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

4,234
Applications
2,066
Originated
39.8%
Denial Rate
$119,823
Avg Loan Amount
Avg Interest Rate: 7.545% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 4,215 2,056 1,684 $119,308
FHA 18 10 3 $218,333
VA 1 0 0 $515,000

Top loan types - American Heritage Federal Credit Union

Top loan types - American Heritage Federal Credit Union Horizontal bar chart of the top 3 items by value (applications). Top loan types - American Heritage Federal Credit Union Top 3 1. Conventional 4,215 2. FHA 18 3. VA 1 Top 5 loan types by application volume at American Heritage Federal Credit Union (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for American Heritage Federal Credit Union (LEI: 549300N5GF79IZ5Y7G10) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Other
862
Debt-to-income ratio
823
Credit history
740
Collateral
176
Unverifiable information
33
Employment history
14
Credit application incomplete
6

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 1,841 898 $78,601
Other 1,261 449 $75,920
Home Purchase 659 443 $265,668
Refinancing 379 209 $141,201
Cash-out Refinancing 94 67 $407,447

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 2,661 55.5% 33.0%
Black or African American 778 28.9% 62.3%
Asian 179 45.3% 43.0%
Joint 82 57.3% 30.5%
American Indian or Alaska Native * 21 33.3% 52.4%
Native Hawaiian or Other Pacific Islander * 17 41.2% 41.2%
2 or more minority races * 8 12.5% 75.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 3,369 51.4% 37.8%
Hispanic or Latino 285 25.3% 62.1%
Joint 83 44.6% 41.0%

Nearby Lenders in PA

Other HMDA-reporting lenders in PA with similar activity. Compare any two side-by-side.

Newrez LLC

FORT WASHINGTON, PA

248,242 apps 52,121 originated 11.5% denied

Pnc Bank N.A.

Pittsburgh, PA

127,108 apps 56,830 originated 25.4% denied

Spring Eq, LLC

RADNOR, PA

104,263 apps 31,186 originated 54.8% denied

Nvr Mortgage Finance, INC.

PITTSBURGH, PA

23,698 apps 17,311 originated 17.1% denied

First National Bank of PA

PITTSBURGH, PA

22,946 apps 13,057 originated 25.0% denied
Compare American Heritage Federal Credit Union vs Newrez LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did American Heritage Federal Credit Union process?
American Heritage Federal Credit Union processed 4,234 mortgage applications in the 2024 HMDA reporting year. Of these, 2,066 were originated (approved and funded), 466 were withdrawn by the applicant, and 1,687 were denied.
What is American Heritage Federal Credit Union's mortgage approval rate?
American Heritage Federal Credit Union has an approval (origination) rate of 48.8%, meaning 48.8% of all applications resulted in a funded mortgage. The denial rate is 39.8%.
What is the average loan amount at American Heritage Federal Credit Union?
The average mortgage loan amount at American Heritage Federal Credit Union is $119,823. The average interest rate is 7.545%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at American Heritage Federal Credit Union?
The most common reasons for mortgage denial at American Heritage Federal Credit Union are: Other, Debt-to-income ratio, Credit history. In total, 1,687 applications were denied out of 4,234 total applications.
What types of mortgage loans does American Heritage Federal Credit Union offer?
American Heritage Federal Credit Union processes Conventional, FHA, VA loans. The most common type is Conventional with 4,215 applications and an average loan amount of $119,308.
What loan purposes does American Heritage Federal Credit Union serve?
American Heritage Federal Credit Union serves the following loan purposes: Home Improvement (1,841 applications), Other (1,261 applications), Home Purchase (659 applications), Refinancing (379 applications), Cash-out Refinancing (94 applications). Home Improvement is the most common purpose.
Where is American Heritage Federal Credit Union located?
American Heritage Federal Credit Union is headquartered in PHILADELPHIA, PA. The lender is identified by LEI 549300N5GF79IZ5Y7G10 in HMDA data.
How does American Heritage Federal Credit Union compare in lending across racial demographics?
American Heritage Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 55.5% and denial rate of 33.0%; Black or African American applicants have an approval rate of 28.9% and denial rate of 62.3%; Asian applicants have an approval rate of 45.3% and denial rate of 43.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.