American Heritage Lending at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D grade breaks down
Each component is a percentile rank among 220 investment-property lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
24th11.3% deniedPricingmedian rate spread over APOR, weight 30%
45th1.13 ptsProcesswithdrawn + incomplete share, weight 15%
8th28.0%Closing coststotal loan costs ÷ loan amount, weight 10%
3rd6.07% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 5,473 | 2,719 | 7.9% | 13.5% | 8.88% | $805M |
| 2024 | 7,560 | 3,889 | 8.4% | 11.2% | 7.88% | $1.3B |
| 2025 | 9,325 | 4,494 | 8.1% | 11.3% | 7.50% | $1.4B |
What American Heritage Lending 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
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 7,982 investment properties.
Why American Heritage Lending denies applications
Primary reason reported for each of the 756 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at American Heritage Lending
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 223 | 44 | 23.9% |
| $50k – $100k | 251 | 103 | 13.7% |
| $100k – $150k | 264 | 138 | 9.4% |
| $150k – $250k | 347 | 173 | 6.5% |
| Over $250k | 681 | 311 | 8.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 144 | 58 | 18.6% |
| 25–34 | 1,427 | 662 | 14.4% |
| 35–44 | 2,821 | 1,369 | 9.7% |
| 45–54 | 2,405 | 1,179 | 11.2% |
| 55–64 | 1,660 | 828 | 10.1% |
| 65–74 | 595 | 260 | 13.9% |
| Over 74 | 263 | 138 | 9.8% |
Where American Heritage Lending lends
49 states and 998 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Florida | 1,276 | 621 | 6.7% | 7.38% | #129 |
| Texas | 982 | 462 | 6.6% | 7.63% | #170 |
| California | 597 | 274 | 10.1% | 7.31% | #235 |
| New York | 589 | 256 | 12.4% | 7.50% | #123 |
| Ohio | 539 | 253 | 9.5% | 7.75% | #127 |
| Georgia | 387 | 174 | 14.5% | 7.38% | #174 |
| North Carolina | 386 | 214 | 7.5% | 7.50% | #161 |
| Pennsylvania | 374 | 172 | 10.4% | 7.75% | #202 |
| New Jersey | 313 | 156 | 6.7% | 7.38% | #162 |
| South Carolina | 295 | 160 | 6.4% | 7.56% | #140 |
| Michigan | 294 | 134 | 6.5% | 7.38% | #173 |
| Indiana | 270 | 138 | 15.6% | 7.56% | #171 |
| Illinois | 268 | 114 | 7.8% | 7.50% | #209 |
| Tennessee | 234 | 129 | 5.1% | 7.50% | #197 |
| Maryland | 210 | 91 | 17.1% | 7.50% | #156 |
| Missouri | 198 | 94 | 5.6% | 7.50% | #187 |
| Connecticut | 191 | 89 | 3.1% | 7.38% | #106 |
| Massachusetts | 182 | 77 | 6.0% | 7.50% | #171 |
| Alabama | 158 | 88 | 3.2% | 7.38% | #175 |
| Colorado | 136 | 72 | 9.6% | 7.25% | #206 |
| Virginia | 136 | 74 | 3.7% | 7.38% | #252 |
| Arizona | 132 | 72 | 8.3% | 7.25% | #211 |
| Wisconsin | 121 | 72 | 3.3% | 8.00% | #230 |
| Oklahoma | 118 | 64 | 3.4% | 7.63% | #164 |
| Kentucky | 109 | 63 | 0.9% | 7.13% | #198 |
| Washington | 102 | 55 | 3.9% | 7.50% | #237 |
| Louisiana | 87 | 23 | 4.6% | 7.50% | #194 |
| New Mexico | 66 | 38 | 6.1% | 9.88% | #127 |
| Arkansas | 58 | 28 | 12.1% | 7.56% | #198 |
| Nevada | 52 | 22 | 11.5% | 7.38% | #207 |
| Utah | 47 | 19 | 6.4% | 7.38% | #175 |
| Mississippi | 46 | 22 | 10.9% | 7.56% | #179 |
| Kansas | 41 | 8 | 4.9% | 7.63% | #242 |
| Rhode Island | 37 | 26 | 0.0% | 7.69% | #112 |
| West Virginia | 30 | 17 | 3.3% | 7.38% | #176 |
| Oregon | 29 | 16 | 0.0% | 7.44% | #272 |
| Delaware | 27 | 16 | 11.1% | 7.38% | #164 |
| New Hampshire | 26 | 14 | 11.5% | 7.94% | #171 |
| Iowa | 24 | 6 | 0.0% | 7.00% | #281 |
| Idaho | 24 | 8 | 25.0% | 7.19% | #212 |
| Maine | 24 | 17 | 4.2% | 7.50% | #164 |
| District of Columbia | 23 | 7 | 8.7% | 6.99% | #113 |
| Hawaii | 22 | 16 | 0.0% | 7.31% | #125 |
| Nebraska | 20 | 7 | 5.0% | 7.25% | #204 |
| Montana | 17 | 5 | 11.8% | 7.88% | #148 |
| Minnesota | 12 | 6 | 8.3% | 7.88% | #443 |
| Wyoming | 7 | 3 | 14.3% | 7.63% | #172 |
| Alaska | 6 | 1 | 16.7% | 7.88% | #124 |
Frequently asked questions
American Heritage Lending denied 11.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 24th percentile of investment-property lenders.
The most common reason American Heritage Lending gave in 2025 was "other", cited on 45.6% 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 Lending originated in 2025 was 7.50%, and its median rate spread over the average prime offer rate was 1.13 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 38% of its applications were for home purchases, 62% for refinancing (including cash-out), and 0% 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.