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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Denver, Laramie, Fort Collins, and Greeley among others. We have data for 4 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 a below average pick rate when compared to similar lenders. Foothills 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.05% | 4/28/24 |
| 30 Year Cash-out Refi | 6.57% | 4/28/24 |
| 15 Year Conventional Purchase | 5.68% | 4/28/24 |
| 15 Year Conventional Refi | 5.73% | 4/28/24 |
| 15 Year Cash-out Refi | 5.73% | 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. | ||
Foothills Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
36Origination Dollar Volume (All Markets)
$4,050,000Top 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) | 31 | $3,175,000 | $102,419 | $4,318 | 4.71% |
| Laramie, WY (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $7,838 | 5.50% |
| FORT COLLINS, CO (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $1,639 | 4.71% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,889 | 3.63% |
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 | 35 | $4,025,000 | $115,000 | $4,264 | 4.73% |
| FHA | 1 | $25,000 | $25,000 | $280 | 4.00% |
For 2018, Foothills's most frequently originated type of loan was Conventional, with 35 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2018, Foothills's most frequently cited loan purpose was Cash Out Refi, with 13 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
For 2018, Foothills's most frequently cited loan duration was 15 Year, with 21 originations. The 2nd most popular length was 10 Year, with 8 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 30 | $2,460,000 | $82,000 |
| $1k-2k | 3 | $455,000 | $151,667 |
| $2k-3k | 1 | $185,000 | $185,000 |
| $4k-5k | 1 | $385,000 | $385,000 |
| $5k+ | 1 | $565,000 | $565,000 |
Foothills's average total fees were $4,360, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 30 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 28 | $2,890,000 | $103,214 |
| 3-4% | 5 | $535,000 | $107,000 |
| 6-7% | 2 | $60,000 | $30,000 |
| 5-6% | 1 | $565,000 | $565,000 |
During 2018, Foothills's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 4-5%, with 28 originations.
Loan Sizing
2018 saw Foothills place emphasis on $100,000 or less loans with 22 originations, totaling $1,090,000 in origination value.
Applicant Income
Foothills lent most frequently to those with incomes in the $50k-75k range, with 12 originations. The second most popular income band? $50k or less, with 7 originations.
Applicant Debt to Income Ratio
Foothills lent most frequently to those with DTI ratios of 20-30%, with 9 originations. The next most common DTI ratio? 30-36%, with 8 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 36 | $4,050,000 | $112,500 | $4,153 | 4.71% |
Approval Rates
Total approvals of all applications97.73%
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 origination86.11%
Foothills has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 36 | $4,050,000 | $112,500 |