Mortgage lender · Philadelphia, PA · LEI 549300N5GF79IZ5Y7G10

American Heritage FCU review: approval odds, rates and grade (2025)

American Heritage FCU earns a D, weaker than most home-equity (HELOC) lenders. It turned down 40.5% of the applications it decided on in 2025, which ranks in the 10th percentile for approval odds. Its median loan was priced 0.44 points above the average prime offer rate, ranking in the 26th percentile on pricing. Compared against 412 home-equity (HELOC) lenders using 2025 HMDA filings.

4.5kApplications2025
52.6%Originatedof applications
40.5%Decision denial ratenational 22.6%
6.74%Median ratenational 6.63%
$346MLoan volume31 states

American Heritage FCU at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

36.0%Denial rate (all applications)+17.97 pts vs national
40.5%Denial rate (decided applications)+17.92 pts vs national
52.6%Origination rate-5.44 pts vs national
11.2%Withdrawn by applicant
0.1%Closed for incompleteness
6.74%Median interest rate+0.12 pts vs national
0.44Median rate spread (pts over APOR)+0.19 pts vs national
$75,000Median loan amount
$4,122Median total loan costs
$116kMedian applicant income
53%Median loan-to-value
0High-cost (HOEPA) loans

How the D grade breaks down

Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

10th40.5% denied

Pricingmedian rate spread over APOR, weight 30%

26th0.44 pts

Processwithdrawn + incomplete share, weight 15%

57th11.3%

Closing coststotal loan costs ÷ loan amount, weight 10%

9th5.50% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20233,9091,87439.9%45.2%7.74%$205M
20244,2342,06639.8%44.8%7.74%$275M
20254,4762,35436.0%40.5%6.74%$346M

What American Heritage FCU lends

Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.

By loan purpose

Home purchase 667 15% · 15.1% denied
Refinance 480 11% · 31.7% denied
Cash-out refinance 101 2% · 10.9% denied
Home improvement 1,930 43% · 35.8% denied
Other / HELOC 1,298 29% · 50.4% denied

By loan type

Conventional 4,460 100% · 36.0% denied
FHA 15 0% · 13.3% denied
VA 1 0% · 0.0% denied

Also: 2,364 home-equity lines, 0 reverse mortgages, 2 manufactured homes, 268 investment properties.

Why American Heritage FCU denies applications

Primary reason reported for each of the 1,609 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Other 659 41%
Credit history 448 28%
Debt-to-income ratio 435 27%
Collateral 45 3%
Unverifiable information 11 1%
Incomplete application 6 0%
Employment history 4 0%
Insufficient cash 1 0%

How these reasons compare nationally →

Who gets approved at American Heritage FCU

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k49610775.9%
$50k – $100k1,30260448.3%
$100k – $150k1,04160136.4%
$150k – $250k1,09269725.8%
Over $250k46029624.1%
Applicant ageApplicationsOriginatedDecision denial rate
Under 25221236.8%
25–3441620943.4%
35–4493546843.2%
45–541,10559040.7%
55–641,07158639.2%
65–7464033039.7%
Over 7423412538.2%

Where American Heritage FCU lends

31 states and 182 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Pennsylvania3,3801,84734.3%6.74%#34
New Jersey83741539.0%6.74%#76
Delaware693037.7%6.74%#100
Florida321731.3%6.63%#680
Maryland23747.8%6.74%#394
North Carolina22463.6%5.87%#516
Ohio18655.6%6.74%#540
New York16556.3%6.49%#427
South Carolina16725.0%6.74%#478
Virginia8450.0%6.26%#594
California7271.4%6.74%#768
Texas70100.0%#1,017
Connecticut6250.0%8.12%#433
Georgia6050.0%#738
Arizona5240.0%7.12%#600

Frequently asked questions

American Heritage FCU denied 40.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 10th percentile of home-equity (HELOC) lenders.

The most common reason American Heritage FCU gave in 2025 was "other", cited on 41.0% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.

The median interest rate on loans American Heritage FCU originated in 2025 was 6.74%, and its median rate spread over the average prime offer rate was 0.44 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 15% of its applications were for home purchases, 13% for refinancing (including cash-out), and 72% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.

Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with American Heritage FCU. Data sources · Methodology