Fidelity Federal Savings And Loan Association Mortgage Rates, Fees & Info
Delaware, OHLEI: 254900STXIE710EZPY52
Tax ID: 31-4178880
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Mortgage Data
Review & Overview
Fidelity Federal Savings And Loan Association is a smaller mortgage company specializing in Home Purchase loans. Fidelity Federal Savings And Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Lima, Marion, Springfield, and Ashland among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Fidelity Federal Savings And Loan Association has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Fidelity Federal Savings And Loan Association 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 relatively high 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.
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Originations
40Origination Dollar Volume (All Markets)
$9,990,000Awards
Fidelity Federal Savings and Loan Association - 2023
Fidelity Federal Savings and Loan Association is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Fidelity Federal Savings And Loan Association's average 30 year fixed mortgage rate was
6.12%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.36%.
Relative Fees (Closing Costs)
Fidelity Federal Savings And Loan Association's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,486.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| COLUMBUS, OH (FHA|USDA|VA) | 32 | $8,210,000 | $256,563 | $3,649 | 6.20% |
| LIMA, OH (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $4,515 | 5.94% |
| Marion, OH (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $2,568 | 5.75% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,874 | 6.25% |
| Ashland, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,225 | 6.25% |
| Urbana, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,600 | 6.25% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,474 | 6.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against Fidelity Federal Savings and Loan Association based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $9,990,000 | $249,750 | $3,627 | 6.18% |
For 2023, Fidelity Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 40 originations.
Loan Reason
For 2023, Fidelity Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
For 2023, Fidelity Federal Savings And Loan Association's most frequently cited loan duration was 30 Year, with 30 originations. The 2nd most popular length was 30+ year, with 5 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 32 | $7,310,000 | $228,438 |
| $2k-3k | 5 | $1,385,000 | $277,000 |
| $<1k | 2 | $1,000,000 | $500,000 |
Fidelity Federal Savings And Loan Association's average total fees were $3,486, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 32 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 21 | $4,145,000 | $197,381 |
| 5-6% | 18 | $5,550,000 | $308,333 |
| Over 8% | 1 | $295,000 | $295,000 |
During 2023, Fidelity Federal Savings And Loan Association's average interest rate for loans was 6.12%, while their most frequently originated rate bucket for loans was 6-7%, with 21 originations.
Loan Sizing
2023 saw Fidelity Federal Savings And Loan Association place emphasis on $200k-400k loans with 16 originations, totaling $4,440,000 in origination value.
Applicant Income
Fidelity Federal Savings And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $50k-75k, with 9 originations.
Applicant Debt to Income Ratio
Fidelity Federal Savings And Loan Association lent most frequently to those with DTI ratios of 20-30%, with 11 originations. The next most common DTI ratio? 30-36%, with 7 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.45%
Fidelity Federal Savings And Loan Association has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination95.00%
Fidelity Federal Savings And Loan Association has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 995.0 | 1 | $295,000 | $295,000 |
| NA | 39 | $9,695,000 | $248,590 |