The Fidelity Deposit And Discount Bank Mortgage Rates, Fees & Info
Dunmore, PALEI: 5493002PR22PLR6S8J02
Tax ID: 24-0578040
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Mortgage Data
Review & Overview
The Fidelity Deposit And Discount Bank is a smaller bank specializing in Home Purchase loans. The Fidelity Deposit And Discount Bank has a high proportion of conventional loans. Their top markets by origination volume include: Scranton, Allentown, East Stroudsburg, Washington, and Philadelphia among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)The Fidelity Deposit And Discount Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. The Fidelity Deposit And Discount Bank is typically an average 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.47% | 11/17/24 |
| 30 Year Conventional Purchase | 6.71% | 11/17/24 |
| 30 Year Conventional Refi | 6.61% | 11/17/24 |
| 30 Year Cash-out Refi | 6.65% | 11/17/24 |
| 15 Year Conventional Purchase | 6.07% | 11/17/24 |
| 15 Year Conventional Refi | 5.98% | 11/17/24 |
| 15 Year Cash-out Refi | 5.98% | 11/17/24 |
| 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. | ||
The Fidelity Deposit And Discount Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
735Origination Dollar Volume (All Markets)
$176,115,000Awards
The Fidelity Deposit and Discount Bank - 2023
The Fidelity Deposit and Discount Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
The Fidelity Deposit And Discount Bank's average 30 year fixed mortgage rate was
6.68%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.2%.
Relative Fees (Closing Costs)
The Fidelity Deposit And Discount Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,746.
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 |
|---|---|---|---|---|---|
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 458 | $84,830,000 | $185,218 | $4,819 | 7.14% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 172 | $50,050,000 | $290,988 | $5,165 | 6.86% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 34 | $7,950,000 | $233,824 | $4,703 | 7.09% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $5,625,000 | $1,875,000 | $7,662 | 5.33% |
| Outside of Metro Areas | 23 | $4,935,000 | $214,565 | $5,246 | 6.97% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 11 | $4,625,000 | $420,455 | $7,027 | 5.48% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 7 | $3,625,000 | $517,857 | $6,312 | 7.05% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $2,430,000 | $1,215,000 | $20,981 | 8.18% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $2,330,000 | $1,165,000 | $10,807 | 7.93% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $1,495,000 | $1,495,000 | $7,249 | 5.63% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $1,435,000 | $1,435,000 | $15,138 | 4.88% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $3,671 | 6.75% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $0 | 7.37% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $1,981 | 7.25% |
| Edwards, CO (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 3.99% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $14,336 | 8.00% |
| READING, PA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $6,055 | 7.88% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,763 | 5.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,605 | 7.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 7.99% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,981 | 7.38% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,087 | 6.75% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,931 | 7.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,726 | 7.50% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,182 | 6.88% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.24% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.49% |
Similar Lenders
We use machine learning to identify the top lenders compared against The Fidelity Deposit and Discount Bank 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 | 500 | $149,110,000 | $298,220 | $5,085 | 6.90% |
| HELOC | 235 | $27,005,000 | $114,915 | n/a | 7.32% |
For 2023, The Fidelity Deposit And Discount Bank's most frequently originated type of loan was Conventional, with 500 originations. Their 2nd most popular type was HELOC, with 235 originations.
Loan Reason
For 2023, The Fidelity Deposit And Discount Bank's most frequently cited loan purpose was Home Purchase, with 395 originations. The 2nd most popular reason was Home Improvement, with 189 originations.
Loan Duration/Length
For 2023, The Fidelity Deposit And Discount Bank's most frequently cited loan duration was 30 Year, with 315 originations. The 2nd most popular length was Other, with 241 originations.
Origination Fees/Closing Costs
The Fidelity Deposit And Discount Bank's average total fees were $5,746, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 245 originations.
Interest Rates
During 2023, The Fidelity Deposit And Discount Bank's average interest rate for loans was 6.68%, while their most frequently originated rate bucket for loans was 7-8%, with 232 originations.
Loan Sizing
2023 saw The Fidelity Deposit And Discount Bank place emphasis on $100,000 or less loans with 258 originations, totaling $13,980,000 in origination value.
Applicant Income
The Fidelity Deposit And Discount Bank lent most frequently to those with incomes in the $150k-250k range, with 141 originations. The second most popular income band? $250k+, with 141 originations.
Applicant Debt to Income Ratio
The Fidelity Deposit And Discount Bank lent most frequently to those with DTI ratios of 20-30%, with 164 originations. The next most common DTI ratio? 30-36%, with 113 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.81%
The Fidelity Deposit And Discount Bank has an average approval rate.
Pick Rate
Approvals leading to origination79.59%
The Fidelity Deposit And Discount Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $155,000 | $155,000 |
| NA | 734 | $175,960,000 | $239,728 |