Fidelity Bank Mortgage Rates, Fees & Info

West Des Moines, IA

LEI: 254900ALCPGGRYFG8I88

Tax ID: 42-0166023

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Fidelity Bank is a smaller bank specializing in Home Purchase loans. Fidelity Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Des Moines, San Diego, Phoenix, Ames, and Kahului among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Fidelity Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Fidelity Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.53% 4/28/24
    30 Year Conventional Refi 6.31% 4/28/24
    30 Year Cash-out Refi 6.60% 4/28/24
    30 Year FHA Purchase 7.03% 4/28/24
    30 Year FHA Refi 6.27% 4/28/24
    30 Year VA Purchase 6.18% 4/28/24
    30 Year USDA Purchase 6.57% 4/28/24
    15 Year Conventional Purchase 5.80% 4/28/24
    15 Year Conventional Refi 6.03% 4/28/24
    15 Year Cash-out Refi 6.03% 4/28/24
    15 Year VA Purchase 6.40% 4/28/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Fidelity Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Fidelity Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    505

    Origination Dollar Volume (All Markets)

    $128,585,000
    Show all (5) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 432 $104,990,000 $243,032 $4,109 4.67%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $4,885,000 $4,885,000 $0 5.25%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 7 $3,125,000 $446,429 $9,856 5.02%
    Outside of Metro Areas 12 $2,650,000 $220,833 $8,017 5.50%
    AMES, IA (FHA|USDA|VA) 14 $2,570,000 $183,571 $4,006 4.69%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 2 $1,020,000 $510,000 $7,496 3.00%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $710,000 $355,000 $2,400 3.19%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $645,000 $645,000 $3,562 3.50%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $645,000 $645,000 $9,306 3.88%
    Pella, IA (FHA|USDA|VA) 4 $630,000 $157,500 $0 5.16%
    Marshalltown, IA (FHA|USDA|VA) 2 $600,000 $300,000 $3,564 4.63%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $565,000 $565,000 $4,825 5.25%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $505,000 $505,000 $6,345 5.13%
    BOISE CITY, ID (FHA|USDA|VA) 2 $500,000 $250,000 $6,078 5.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $455,000 $455,000 $10,737 5.13%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $395,000 $395,000 $3,904 3.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $355,000 $355,000 $4,775 4.75%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $345,000 $345,000 $3,740 5.38%
    Mason City, IA (FHA|USDA|VA) 2 $310,000 $155,000 $2,787 4.56%
    OCALA, FL (FHA|USDA|VA) 1 $305,000 $305,000 $8,429 3.75%
    Oskaloosa, IA (FHA|USDA|VA) 3 $305,000 $101,667 $3,099 5.63%
    PEORIA, IL (FHA|USDA|VA) 1 $275,000 $275,000 $1,925 3.25%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $235,000 $235,000 $6,510 5.63%
    Fort Dodge, IA (FHA|USDA|VA) 2 $200,000 $100,000 $5,416 6.19%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $195,000 $195,000 $3,198 5.00%
    Ruidoso, NM (FHA|USDA|VA) 1 $185,000 $185,000 $2,858 3.25%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $185,000 $185,000 $2,719 5.25%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $165,000 $165,000 $6,252 3.25%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $145,000 $145,000 $2,307 5.38%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $135,000 $135,000 $2,901 5.38%
    Columbus, NE (FHA|USDA|VA) 1 $135,000 $135,000 $3,686 5.25%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.75%
    IOWA CITY, IA (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.25%
    Fidelity Bank's top markets include Des Moines, San Diego, Phoenix, Ames, and Kahului among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Fidelity Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    I. H. MISSISSIPPI VALLEY CREDIT UNION
    Similarity Rank: 150
    MEMBERS1st Community Credit Union
    Similarity Rank: 161
    FINANCIAL PLUS Credit Union
    Similarity Rank: 236
    Farmers State Bank
    Similarity Rank: 399
    Serve Credit Union
    Similarity Rank: 420
    COMMUNITY 1ST CREDIT UNION
    Similarity Rank: 464
    Premier Credit Union
    Similarity Rank: 504
    GREATER IOWA CREDIT UNION
    Similarity Rank: 675
    Peoples Bank
    Similarity Rank: 712
    Luana Savings Bank
    Similarity Rank: 968

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 390 $99,760,000 $255,795 $3,367 4.74%
    FHA 80 $18,390,000 $229,875 $7,068 4.60%
    VA 24 $8,250,000 $343,750 $7,391 4.26%
    USDA 11 $2,185,000 $198,636 $5,188 4.77%

    For 2022, Fidelity Bank's most frequently originated type of loan was Conventional, with 390 originations. Their 2nd most popular type was FHA, with 80 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 428 $104,140,000 $243,318 $4,516 4.78%
    Refi 49 $16,485,000 $336,429 $2,485 4.18%
    Cash Out Refi 28 $7,960,000 $284,286 $3,767 4.27%

    For 2022, Fidelity Bank's most frequently cited loan purpose was Home Purchase, with 428 originations. The 2nd most popular reason was Refi, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 432 $108,870,000 $252,014 $4,364 4.69%
    Other 26 $11,020,000 $423,846 $5,507 5.55%
    15 Year 19 $3,875,000 $203,947 $3,115 3.82%
    1 Year 17 $2,025,000 $119,118 $0 5.34%
    20 Year 10 $2,420,000 $242,000 $2,525 3.46%
    10 Year 1 $375,000 $375,000 $2,164 2.50%

    For 2022, Fidelity Bank's most frequently cited loan duration was 30 Year, with 432 originations. The 2nd most popular length was Other, with 26 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 179 $44,735,000 $249,916
    $1k-2k 142 $29,890,000 $210,493
    $2k-3k 60 $15,580,000 $259,667
    $3k-4k 37 $12,205,000 $329,865
    $5k+ 18 $8,480,000 $471,111
    $4k-5k 10 $4,600,000 $460,000

    Fidelity Bank's average total fees were $4,364, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 179 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 159 $43,015,000 $270,535
    3-4% 143 $36,595,000 $255,909
    4-5% 111 $26,375,000 $237,613
    6-7% 52 $12,350,000 $237,500
    2.5-3% 31 $8,765,000 $282,742
    7-8% 6 $780,000 $130,000
    <2.5% 3 $705,000 $235,000

    During 2022, Fidelity Bank's average interest rate for loans was 4.69%, while their most frequently originated rate bucket for loans was 5-6%, with 159 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 223 $62,405,000 $279,843 $4,279 4.60%
    $100k-200k 180 $27,690,000 $153,833 $3,575 4.79%
    $400k-600k 44 $21,130,000 $480,227 $6,720 4.62%
    $100,000 or less 43 $3,245,000 $75,465 $2,531 4.94%
    $600k-1MM 14 $9,230,000 $659,286 $7,227 4.47%
    $1MM+ 1 $4,885,000 $4,885,000 $0 5.25%

    2022 saw Fidelity Bank place emphasis on $200k-400k loans with 223 originations, totaling $62,405,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 120 $24,290,000 $202,417 $4,193 4.67%
    $100k-150k 101 $29,385,000 $290,941 $4,466 4.62%
    $75k-100k 88 $21,260,000 $241,591 $4,087 4.66%
    $50k or less 77 $11,765,000 $152,792 $3,889 4.62%
    $150k-250k 66 $22,940,000 $347,576 $4,725 4.70%
    $250k+ 20 $9,140,000 $457,000 $5,127 4.63%

    Fidelity Bank lent most frequently to those with incomes in the $50k-75k range, with 120 originations. The second most popular income band? $100k-150k, with 101 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 91 $21,245,000 $233,462 $3,664 4.74%
    20-30% 80 $18,950,000 $236,875 $3,608 4.50%
    50-60% 34 $9,340,000 $274,706 $7,107 4.41%
    <20% 31 $7,835,000 $252,742 $3,512 4.31%
    48% 26 $7,020,000 $270,000 $4,078 4.74%
    49% 23 $7,275,000 $316,304 $4,384 5.01%
    44% 21 $4,665,000 $222,143 $3,578 4.87%
    41% 21 $5,375,000 $255,952 $4,306 4.90%
    47% 19 $4,745,000 $249,737 $5,807 4.47%
    37% 18 $4,850,000 $269,444 $3,575 4.22%
    43% 16 $3,950,000 $246,875 $4,552 4.58%
    39% 16 $4,180,000 $261,250 $4,324 4.63%
    42% 15 $3,815,000 $254,333 $4,928 5.11%
    45% 15 $3,165,000 $211,000 $3,249 4.82%
    40% 14 $3,270,000 $233,571 $3,816 4.80%
    46% 12 $3,440,000 $286,667 $4,151 4.94%
    38% 11 $2,415,000 $219,545 $4,286 4.92%
    36% 6 $1,550,000 $258,333 $6,151 4.77%
    >60% 4 $1,830,000 $457,500 $10,782 4.06%

    Fidelity Bank lent most frequently to those with DTI ratios of 30-36%, with 91 originations. The next most common DTI ratio? 20-30%, with 80 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 374 $90,090,000 $240,882 $4,124 4.67%
    Not provided 55 $18,845,000 $342,636 $5,238 4.46%
    Not applicable 32 $9,670,000 $302,188 $0 5.35%
    Black 23 $4,825,000 $209,783 $4,876 4.72%
    Asian 10 $2,660,000 $266,000 $3,703 4.69%
    Asian Indian 3 $1,085,000 $361,667 $6,209 4.29%
    American Indian 5 $985,000 $197,000 $4,461 5.15%
    Other Asian 1 $185,000 $185,000 $3,384 5.25%
    Japanese 1 $145,000 $145,000 $2,833 5.25%
    Native Hawaiian or Islander 1 $95,000 $95,000 $2,766 5.25%

    Approval Rates

    Total approvals of all applications
    98.56%

    Fidelity Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    78.42%

    Fidelity Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 505 $128,585,000 $254,624

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    505 $128,585,000 $254,624

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $1,965,000 $151,154 $3,139 4.87%
    40-60% 51 $15,925,000 $312,255 $3,428 4.29%
    60-80% 141 $34,155,000 $242,234 $3,737 4.83%
    80-100% 292 $74,090,000 $253,733 $4,478 4.71%
    Over 100% 7 $2,395,000 $342,143 $11,019 4.00%
    Under 20% 1 $55,000 $55,000 $3,003 6.88%