Foothills Mortgage Rates, Fees & Info
Lakewood, COLEI: 5493004V3AW2SVUJ5U52
Tax ID: 84-0384061
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Mortgage Data
Review & Overview
Foothills is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Foothills has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Fort Collins, Pueblo, Edwards, and Greeley among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Foothills 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. Foothills is typically a high 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.05% | 4/18/24 |
| 30 Year Cash-out Refi | 6.57% | 4/18/24 |
| 15 Year Conventional Purchase | 5.68% | 4/18/24 |
| 15 Year Conventional Refi | 5.73% | 4/18/24 |
| 15 Year Cash-out Refi | 5.73% | 4/18/24 |
| 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. | ||
Foothills Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
39Origination Dollar Volume (All Markets)
$5,025,000Relative Rate
Foothills's average 30 year fixed mortgage rate was
5.38%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -1.11%.
Relative Fees (Closing Costs)
Foothills's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,460.
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 |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 28 | $3,640,000 | $130,000 | $1,457 | 7.30% |
| FORT COLLINS, CO (FHA|USDA|VA) | 6 | $510,000 | $85,000 | $721 | 7.13% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,346 | 5.50% |
| Edwards, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 7.25% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $825 | 7.75% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $733 | 6.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against FOOTHILLS 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 | 39 | $5,025,000 | $128,846 | $1,457 | 7.16% |
For 2023, Foothills's most frequently originated type of loan was Conventional, with 39 originations.
Loan Reason
For 2023, Foothills's most frequently cited loan purpose was Cash Out Refi, with 21 originations. The 2nd most popular reason was Other, with 7 originations.
Loan Duration/Length
For 2023, Foothills's most frequently cited loan duration was 15 Year, with 25 originations. The 2nd most popular length was 10 Year, with 5 originations.
Origination Fees/Closing Costs
Foothills's average total fees were $8,460, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 33 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 20 | $2,200,000 | $110,000 |
| 5-6% | 6 | $710,000 | $118,333 |
| 6-7% | 6 | $900,000 | $150,000 |
| Over 8% | 6 | $650,000 | $108,333 |
| 3-4% | 1 | $565,000 | $565,000 |
During 2023, Foothills's average interest rate for loans was 5.38%, while their most frequently originated rate bucket for loans was 7-8%, with 20 originations.
Loan Sizing
2023 saw Foothills place emphasis on $100,000 or less loans with 23 originations, totaling $1,315,000 in origination value.
Applicant Income
Foothills lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $75k-100k, with 11 originations.
Applicant Debt to Income Ratio
Foothills lent most frequently to those with DTI ratios of 30-36%, with 11 originations. The next most common DTI ratio? 20-30%, with 8 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Foothills has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination97.44%
Foothills has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 39 | $5,025,000 | $128,846 |