Foothills Mortgage Rates, Fees & Info

Lakewood, CO

LEI: 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, and Greeley among others. We have data for 3 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

37

Origination Dollar Volume (All Markets)

$7,085,000

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) 29 $6,455,000 $222,586 $2,024 5.41%
FORT COLLINS, CO (FHA|USDA|VA) 4 $320,000 $80,000 $700 5.81%
GREELEY, CO (FHA|USDA|VA) 4 $310,000 $77,500 $706 5.47%
Foothills's top markets include Denver, Fort Collins, and Greeley 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.

    Red Rocks Credit Union
    Similarity Rank: 384
    Credit Union of Denver
    Similarity Rank: 450
    DENVER COMMUNITY
    Similarity Rank: 651
    BLUE BRICK FINANCIAL LLC
    Similarity Rank: 1020
    ON TAP
    Similarity Rank: 1056
    ROCKY MOUNTAIN LAW ENFORCEMENT FCU
    Similarity Rank: 1624
    PARTNER COLORADO
    Similarity Rank: 2004
    DHA FINANCIAL, LLC
    Similarity Rank: 2052
    AVENTA Credit Union
    Similarity Rank: 2065

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 37 $7,085,000 $191,486 $1,722 5.46%

    For 2022, Foothills's most frequently originated type of loan was Conventional, with 37 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 20 $3,740,000 $187,000 $1,540 5.66%
    Home Purchase 5 $2,525,000 $505,000 $7,473 4.78%
    Other 5 $365,000 $73,000 $549 5.80%
    Refi 5 $315,000 $63,000 $618 4.65%
    Home Improvement 2 $140,000 $70,000 $613 6.38%

    For 2022, Foothills's most frequently cited loan purpose was Cash Out Refi, with 20 originations. The 2nd most popular reason was Home Purchase, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 15 $2,465,000 $164,333 $729 5.70%
    10 Year 11 $755,000 $68,636 $664 5.66%
    30 Year 7 $3,355,000 $479,286 $5,834 4.95%
    20 Year 2 $360,000 $180,000 $849 5.63%
    5 Year 2 $150,000 $75,000 $481 4.25%

    For 2022, Foothills's most frequently cited loan duration was 15 Year, with 15 originations. The 2nd most popular length was 10 Year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 30 $3,580,000 $119,333
    $5k+ 3 $1,745,000 $581,667
    $2k-3k 1 $425,000 $425,000
    $4k-5k 1 $355,000 $355,000

    Foothills's average total fees were $5,834, 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% 13 $3,405,000 $261,923
    5-6% 12 $1,290,000 $107,500
    6-7% 8 $1,470,000 $183,750
    7-8% 2 $410,000 $205,000
    <2.5% 1 $85,000 $85,000
    3-4% 1 $425,000 $425,000

    During 2022, Foothills's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 4-5%, with 13 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 19 $1,195,000 $62,895 $632 5.39%
    $100k-200k 8 $950,000 $118,750 $745 5.98%
    $600k-1MM 4 $2,700,000 $675,000 $7,290 4.28%
    $200k-400k 3 $965,000 $321,667 $3,550 6.04%
    $400k-600k 3 $1,275,000 $425,000 $4,448 5.54%

    2022 saw Foothills place emphasis on $100,000 or less loans with 19 originations, totaling $1,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 11 $2,375,000 $215,909 $2,659 5.10%
    $50k-75k 7 $565,000 $80,714 $631 5.84%
    $100k-150k 6 $840,000 $140,000 $1,697 6.10%
    $75k-100k 6 $1,610,000 $268,333 $1,956 5.44%
    $250k+ 3 $875,000 $291,667 $1,112 6.33%
    $50k or less 3 $205,000 $68,333 $820 4.21%

    Foothills lent most frequently to those with incomes in the $150k-250k range, with 11 originations. The second most popular income band? $50k-75k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 6 $410,000 $68,333 $635 5.29%
    30-36% 6 $1,110,000 $185,000 $2,174 5.52%
    42% 4 $430,000 $107,500 $515 5.59%
    37% 4 $800,000 $200,000 $1,801 5.72%
    50-60% 3 $565,000 $188,333 $2,748 5.33%
    <20% 2 $460,000 $230,000 $1,120 7.25%
    41% 2 $170,000 $85,000 $608 5.38%
    43% 2 $750,000 $375,000 $5,656 4.50%
    39% 1 $85,000 $85,000 $600 2.50%
    >60% 1 $785,000 $785,000 $2,125 4.50%
    45% 1 $365,000 $365,000 $0 5.50%
    47% 1 $65,000 $65,000 $675 6.75%
    49% 1 $355,000 $355,000 $6,537 7.50%
    40% 1 $85,000 $85,000 $612 5.00%
    36% 1 $35,000 $35,000 $601 5.75%

    Foothills lent most frequently to those with DTI ratios of 20-30%, with 6 originations. The next most common DTI ratio? 30-36%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 33 $6,015,000 $182,273 $1,621 5.38%
    Not provided 2 $810,000 $405,000 $7,034 6.06%
    Asian 2 $260,000 $130,000 $693 6.25%

    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
    91.89%

    Foothills has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 37 $7,085,000 $191,486

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    37 $7,085,000 $191,486

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $675,000 $135,000 $838 5.75%
    60-80% 3 $1,605,000 $535,000 $9,045 4.63%
    80-100% 5 $2,685,000 $537,000 $6,216 5.23%
    Under 20% 24 $2,120,000 $88,333 $665 5.56%