Foothills Mortgage Rates, Fees & Info

Lakewood, CO

LEI: 5493004V3AW2SVUJ5U52

Tax ID: 84-0384061

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

    Foothills is a smaller mortgage company specializing in Cash Out Refi and Refi loans. Foothills has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Fort Collins, Greeley, and Montrose 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 an above average pick rate when compared to similar lenders. Foothills 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 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.05% 11/22/24
    30 Year Cash-out Refi 6.57% 11/22/24
    15 Year Conventional Purchase 5.68% 11/22/24
    15 Year Conventional Refi 5.73% 11/22/24
    15 Year Cash-out Refi 5.73% 11/22/24
    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






    Your Estimates

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

    This is not an official calculator from Foothills. 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

    64

    Origination Dollar Volume (All Markets)

    $17,110,000

    Awards

    FOOTHILLS 30 Year Conventional Loans silver FOOTHILLS 30 Year Conventional Loans silver
    Show all (2) 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
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 54 $15,590,000 $288,704 $3,541 3.38%
    FORT COLLINS, CO (FHA|USDA|VA) 6 $880,000 $146,667 $2,290 4.40%
    GREELEY, CO (FHA|USDA|VA) 2 $380,000 $190,000 $3,510 2.69%
    Montrose, CO (FHA|USDA|VA) 2 $260,000 $130,000 $1,410 3.00%
    Foothills's top markets include Denver, Fort Collins, Greeley, and Montrose among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)

    • 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.

    The District Federal Credit Union
    Similarity Rank: 441
    DENVER COMMUNITY
    Similarity Rank: 732
    United Fidelity Bank, fsb
    Similarity Rank: 792
    LANDED HOME LOANS LLC
    Similarity Rank: 1040
    BLUE BRICK FINANCIAL LLC
    Similarity Rank: 1175
    FOOTHILLS
    Similarity Rank: 1336
    WHITE CROWN FEDERAL CREDIT UNION
    Similarity Rank: 2260
    Adams Bank & Trust
    Similarity Rank: 2550
    DHA FINANCIAL, LLC
    Similarity Rank: 2616
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 2808

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 64 $17,110,000 $267,344 $3,334 3.44%

    For 2020, Foothills's most frequently originated type of loan was Conventional, with 64 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 39 $10,635,000 $272,692 $3,189 3.41%
    Refi 13 $4,045,000 $311,154 $4,278 3.12%
    Home Purchase 7 $2,225,000 $317,857 $4,440 3.16%
    Home Improvement 4 $170,000 $42,500 $481 4.88%
    Other 1 $35,000 $35,000 $445 5.00%

    For 2020, Foothills's most frequently cited loan purpose was Cash Out Refi, with 39 originations. The 2nd most popular reason was Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 28 $10,770,000 $384,643 $5,345 3.07%
    15 Year 22 $3,800,000 $172,727 $1,027 4.00%
    10 Year 8 $970,000 $121,250 $944 3.53%
    20 Year 4 $1,430,000 $357,500 $3,971 2.91%
    5 Year 1 $45,000 $45,000 $456 4.00%
    Other 1 $95,000 $95,000 $962 2.50%

    For 2020, Foothills's most frequently cited loan duration was 30 Year, with 28 originations. The 2nd most popular length was 15 Year, with 22 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 26 $2,500,000 $96,154
    $3k-4k 11 $4,065,000 $369,545
    $4k-5k 9 $3,785,000 $420,556
    $5k+ 4 $2,870,000 $717,500
    $1k-2k 3 $755,000 $251,667
    $2k-3k 3 $705,000 $235,000

    Foothills's average total fees were $5,345, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 26 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 24 $9,110,000 $379,583
    3-4% 18 $4,950,000 $275,000
    4-5% 14 $1,340,000 $95,714
    <2.5% 8 $1,710,000 $213,750

    During 2020, Foothills's average interest rate for loans was 3.07%, while their most frequently originated rate bucket for loans was 2.5-3%, with 24 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 19 $5,745,000 $302,368 $4,933 3.30%
    $100,000 or less 17 $995,000 $58,529 $687 4.09%
    $100k-200k 14 $2,100,000 $150,000 $1,473 3.36%
    $400k-600k 10 $4,800,000 $480,000 $5,582 2.86%
    $600k-1MM 4 $3,470,000 $867,500 $7,975 3.09%

    2020 saw Foothills place emphasis on $200k-400k loans with 19 originations, totaling $5,745,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 17 $3,745,000 $220,294 $3,102 3.54%
    $150k-250k 15 $5,075,000 $338,333 $4,228 3.38%
    $50k-75k 10 $2,120,000 $212,000 $2,944 3.51%
    $50k or less 10 $1,770,000 $177,000 $2,645 3.21%
    $75k-100k 6 $1,150,000 $191,667 $2,243 3.60%
    $250k+ 4 $2,160,000 $540,000 $5,950 3.03%

    Foothills lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $150k-250k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 14 $3,400,000 $242,857 $3,116 3.57%
    <20% 9 $2,125,000 $236,111 $2,491 3.14%
    30-36% 8 $1,800,000 $225,000 $3,027 3.58%
    >60% 6 $1,870,000 $311,667 $4,498 3.38%
    36% 5 $1,775,000 $355,000 $4,161 3.20%
    38% 4 $1,060,000 $265,000 $2,488 3.50%
    50-60% 3 $635,000 $211,667 $2,086 3.04%
    37% 2 $270,000 $135,000 $2,840 4.38%
    44% 2 $620,000 $310,000 $4,948 2.81%
    45% 2 $410,000 $205,000 $5,524 3.56%
    43% 1 $185,000 $185,000 $0 3.63%
    40% 1 $415,000 $415,000 $7,219 3.25%
    39% 1 $355,000 $355,000 $2,880 2.88%
    46% 1 $325,000 $325,000 $4,047 3.13%
    47% 1 $215,000 $215,000 $4,869 3.75%
    41% 1 $525,000 $525,000 $5,208 2.50%
    42% 1 $35,000 $35,000 $445 5.00%

    Foothills lent most frequently to those with DTI ratios of 20-30%, with 14 originations. The next most common DTI ratio? <20%, with 9 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 53 $14,055,000 $265,189 $3,121 3.45%
    Not provided 6 $2,020,000 $336,667 $5,850 3.23%
    Asian 3 $595,000 $198,333 $2,032 3.33%
    Not applicable 1 $225,000 $225,000 $0 4.38%
    Filipino 1 $215,000 $215,000 $4,869 3.75%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    95.31%

    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 64 $17,110,000 $267,344

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $865,000 $865,000
    Single Family (1-4 Units):Site-Built 63 $16,245,000 $257,857

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $1,210,000 $121,000 $1,328 3.50%
    40-60% 14 $5,140,000 $367,143 $3,795 3.13%
    60-80% 17 $6,715,000 $395,000 $6,053 3.27%
    80-100% 9 $3,285,000 $365,000 $4,698 2.97%
    Under 20% 14 $760,000 $54,286 $664 4.21%