SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: March 25, 1997
ADVANTA Home Equity Loan Trust 1996-4
New York 33-99510 "Pending"
c/o ADVANTA Mortgage Corp., USA
Attn: William P. Garland
16875 West Bernardo Drive
San Diego, Ca 92127
(619) 674-1800
Item 5. Other Events
Information relating to the distributions to Certificate holders
for the February, 1997 Monthly Period of the Trust in respect of
the Home Equity Loan Pass-Through Certificates, Series 1996-4
Class A (the "Certificates") issued by the Registrant and the
performance of the Trust (including distributions of principal
and interest, delinquent balances of Home Equity Loans,
and the Subordinated amount remaining), together with certain other
information relating to the certificates, is contained in the
Monthly Report for the Monthly Period provided to certificateholders
pursuant to the Pooling and Servicing Agreement (the "Agreement")
dated as of December 1, 1996 between ADVANTA Mortgage Corp.,
USA as Servicer, and Bankers Trust Company, as Trustee.
Item 7. Financial Statements, Exhibits
Exhibit No. Exhibit
1. Monthly Report for the February, 1997 Monthly Period
relating to the Home Equity Loan Pass-Through
Certificates Series 1996-4, Class A issued by the
ADVANTA Home Equity Loan Trust 1996-4.
EXHIBIT INDEX
Exhibit
1. Monthly Report for the February, 1997 Monthly
Period relating to the Home Equity Loan Pass-Through
Certificates, Series 1996-4, Class A issued by the
ADVANTA Home Equity Loan Trust 1996-4.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.
ADVANTA Home Equity Loan Trust 1996-4
BY: ADVANTA Mortgage Corp., USA
BY: /s/ William P. Garland
William P. Garland
Senior Vice President
Loan Service Administration
March 27, 1997
<TABLE>
EXHIBIT 1
ADVANTA Mortgage Loan Trust 1996-4
Statement to Certificateholders
<CAPTION>
Original Prior
Face Principal
Class Value Balance Interest Principal Total
<S> <C> <C> <C> <C> <C>
A-1 210,000,000.00 205,111,447.22 904,541 3,243,294.9 4,147,836.47
A-2 120,000,000.00 116,011,994.16 504,845 3,103,473.2 3,608,318.74
RS -
Totals 330,000,000.00 321,123,441.38 1,409,387. 6,346,768.2 7,756,155.21
</TABLE>
<TABLE>
<CAPTION>
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
<S> <C> <C> <C> <C> <C>
A-1 201,868,152.23 5.670000% 5.982500%
A-2 112,908,520.95 5.559500% 5.907500%
RS 0.000000% 0.000000%
Totals 314,776,673.18
</TABLE>
<TABLE>
<CAPTION>
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
<S> <C> <C> <C> <C> <C> <C>
A-1 00755WCP9 976.721177 4.30734 15.444262 19.751602 961.276915
A-2 00755WCQ7 966.766618 4.207046 25.862277 30.069323 940.904341
RS 0 0 0 0 0
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Delinquency Advances made: 696,559.92
Accrued Servicing Fee for the Current Pe 138,781.83
Plus additional Servicing Fees: -
Less permitted reductions to Servicing F -
Total Servicing Fees due Master Servicer: 138,781.83
Actual collected Servicing Fees for current period: 107,341.61
</TABLE>
<TABLE>
Delinquent and Foreclosure Loan Information:
<CAPTION>
90+ Days Loans Loans
30-59 60-89 excldg f/c,REO in in
Days Days & Bkrptcy REO Foreclosure
<S> <C> <C> <C> <C> <C>
Group 1 Principal Balanc 5,564,301. 1,661,451. 1,336,969.9 440,492.
% of Pool Balanc 2.6505% 0.7914% 0.6369% 0.0000% 0.2098%
Number of Loans 117 28 15 0 12
% of Loans 3.0147% 0.7215% 0.3865% 0.0000% 0.3092%
Group 2 Principal Balanc 4,116,303. 758,293 259,482.
% of Pool Balanc 3.4706% 0.6394% 0.2188% 0.0000% 0.0000%
Number of Loans 37 7 2 0 0
% of Loans 3.1624% 0.5983% 0.1709% 0.0000% 0.0000%
</TABLE>
<TABLE>
<CAPTION>
<S> <S> <C>
Loans in Bankruptcy: Group 1 318,735.03
Group 2 354,551.97
Total 673,287.00
Book Value of REO Property: -
Scheduled Prin Bal of Loans as of the Prior Dist Date: Group 1 211,980,854.80
Group 2 121,095,539.27
Total 333,076,394.07
Scheduled Prin Bal of Loans as of the Current Dist Date:Group 1 209,934,090.02
Group 2 118,603,584.84
Total 328,537,674.86
Substitution Amount: -
Master Servicing Fee: -
Insured Payments: -
Certificate Insurer Premium Payment: Group 1 17,663.51
Group 2 9,879.54
Total 27,543.05
Number of Loans as of the Current Distribution Date: Group 1 3916
Group 2 1189
Total 5105
Number of Loans as of the Next Distribution Date: Group 1 3881
Group 2 1170
Total 5051
Weighted Average Coupon as of the Current Distribution DGroup 1 11.308315%
Group 2 10.489451%
Both Groups 11.010603%
Weighted Average Coupon as of the Next Distribution DateGroup 1 11.303690%
Group 2 10.565267%
Both Groups 11.037116%
Weighted Average Net Coupon as of the Current Dist Date:Group 1 10.808315%
Group 2 9.989451%
Both Groups 10.510603%
Curtailments included in Current Distribution: Group 1 -
Group 2 -
Total -
Prepayments in Full/Unscheduled recoveries of Principal
included in Current Distribution: Group 1 1,746,309.76
Group 2 2,431,189.57
Total 4,177,499.33
</TABLE>
<TABLE>
SUBORDINATION TRACKING:
<CAPTION>
Prior Subordination Current Specified
Subordinated Increase Realized Subordinated Subordinated
Amount Amount Losses Amount Amount
<S> <C> <C> <C> <C> <C>
Group 1 6,869,407. 1,196,530. 8,065,937.7 10,290,000.00
Group 2 5,083,545. 611,518 5,695,063.8 6,600,000.00
Total 11,952,952.6 1,808,048. 13,761,001.68 16,890,000.00
</TABLE>
<TABLE>
REALIZED LOSSES TRACKING:
<CAPTION>
Recovered Recovered
Realized Delinquency Servicing
Losses Advances Advances Total
<S> <S> <C> <C> <C> <C>
Group 1 Prior -
Current -
Cumulative -
Group 2 Prior -
Current -
Cumulative -
</TABLE>
<TABLE>
TOTAL AVAILABLE FUNDS:
<CAPTION>
<S> <S> <C> <C> <C>
Current Interest Collected: 2,652,243.24
Principal Collected: 4,538,719.21
Insurance Proceeds Received: -
Net Liquidation Proceeds: -
Delinquency Advances on Mortgage Interest: 696,559.92
Purchase Proceeds: -
Substitution Amounts: -
Trust Termination Proceeds: -
Investment Earnings on Certificate Account: 6,293.14
Capitalized Interest Requirement: -
Pre-Funding Account: N/A
Sum of the Above Amounts: 7,893,815.51
LESS:
Servicing Fees (including PPIS): 107,341.61
Dealer Reserve: -
Trustee Fees: 2,775.64
Insurance Premiums: 27,543.06
Reimbursement of Delinquency Advances: -
Reimbursements of Servicing Advances: -
Total Reductions to Available Funds Amount: 137,660.31
Total Available Funds: 7,756,155.2
</TABLE>