Fidelity Bank Mortgage Rates, Fees & Info

New Orleans, LA

LEI: 549300LE3ZOZXUS7W648

Tax ID: 72-0184470

5 stars - Updated: 4/14/24 - out of 5 stars, based on 47 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Fidelity Bank is a smaller bank specializing in Home Purchase loans. Fidelity Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: New Orleans, Baton Rouge, Shreveport, Lake Charles, and Lafayette among others. We have data for 78 markets. (Some data included below & more in-depth data is available with an active subscription.)

Fidelity 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. Fidelity 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 4/14/24
30 Year Conventional Purchase 6.85% 4/14/24
30 Year Conventional Refi 6.63% 4/14/24
30 Year Cash-out Refi 6.92% 4/14/24
30 Year FHA Purchase 7.45% 4/14/24
30 Year FHA Refi 6.27% 4/14/24
30 Year VA Purchase 6.36% 4/14/24
30 Year VA Refi 6.27% 4/14/24
30 Year USDA Purchase 6.89% 4/14/24
30 Year USDA Refi 6.21% 4/14/24
15 Year Conventional Purchase 6.41% 4/14/24
15 Year Conventional Refi 6.56% 4/14/24
15 Year Cash-out Refi 6.56% 4/14/24
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.

Fidelity Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Fidelity Bank. 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

2,227

Origination Dollar Volume (All Markets)

$521,515,000
Show all (6) awards

Relative Rate

Fidelity Bank's average 30 year fixed mortgage rate was 6.74%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.26%.

Relative Fees (Closing Costs)

Fidelity Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $7,845.

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
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1,006 $253,810,000 $252,296 $7,734 7.26%
BATON ROUGE, LA (FHA|USDA|VA) 243 $52,575,000 $216,358 $7,507 7.08%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 205 $40,035,000 $195,293 $7,059 6.82%
LAKE CHARLES, LA (FHA|USDA|VA) 184 $35,610,000 $193,533 $6,563 6.65%
LAFAYETTE, LA (FHA|USDA|VA) 100 $21,970,000 $219,700 $6,829 7.02%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 70 $18,000,000 $257,143 $8,195 6.71%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 46 $13,580,000 $295,217 $8,514 6.64%
McComb, MS (FHA|USDA|VA) 50 $9,620,000 $192,400 $6,135 6.83%
JACKSON, MS (FHA|USDA|VA) 37 $8,895,000 $240,405 $6,304 5.92%
HAMMOND, LA (FHA|USDA|VA) 47 $8,125,000 $172,872 $6,663 7.30%
Outside of Metro Areas 34 $7,870,000 $231,471 $6,059 6.72%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 15 $4,455,000 $297,000 $10,521 7.68%
Jennings, LA (FHA|USDA|VA) 19 $3,205,000 $168,684 $5,225 6.78%
Vicksburg, MS (FHA|USDA|VA) 10 $2,400,000 $240,000 $7,610 6.50%
Opelousas, LA (FHA|USDA|VA) 7 $2,315,000 $330,714 $10,287 7.38%
Natchez, MS-LA (FHA|USDA|VA) 13 $2,145,000 $165,000 $6,243 6.82%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 7 $2,065,000 $295,000 $8,134 6.32%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 5 $1,975,000 $395,000 $7,717 6.63%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $1,760,000 $440,000 $11,544 7.03%
Brookhaven, MS (FHA|USDA|VA) 10 $1,760,000 $176,000 $5,516 6.91%
Bogalusa, LA (FHA|USDA|VA) 11 $1,755,000 $159,545 $6,071 7.12%
DeRidder, LA (FHA|USDA|VA) 7 $1,605,000 $229,286 $6,998 7.10%
Minden, LA (FHA|USDA|VA) 6 $1,550,000 $258,333 $10,029 6.85%
HATTIESBURG, MS (FHA|USDA|VA) 6 $1,330,000 $221,667 $6,946 7.21%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $1,085,000 $361,667 $13,514 6.83%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 7 $975,000 $139,286 $6,012 7.70%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $935,000 $311,667 $9,166 6.50%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $915,000 $305,000 $11,815 6.17%
MOBILE, AL (FHA|USDA|VA) 3 $845,000 $281,667 $11,270 7.04%
MONROE, LA (FHA|USDA|VA) 3 $815,000 $271,667 $12,122 7.96%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $790,000 $395,000 $5,642 6.81%
Athens, TX (FHA|USDA|VA) 3 $765,000 $255,000 $10,020 6.58%
Cleveland, MS (FHA|USDA|VA) 3 $755,000 $251,667 $7,284 6.88%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $750,000 $375,000 $7,950 7.00%
TYLER, TX (FHA|USDA|VA) 2 $710,000 $355,000 $7,059 5.94%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $695,000 $695,000 $15,929 7.50%
Picayune, MS (FHA|USDA|VA) 3 $635,000 $211,667 $9,505 6.63%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $620,000 $310,000 $9,698 6.88%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $595,000 $595,000 $5,111 5.50%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $495,000 $495,000 $9,812 6.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $485,000 $485,000 $23,842 6.63%
Gainesville, TX (FHA|USDA|VA) 1 $485,000 $485,000 $12,972 6.13%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $470,000 $235,000 $5,615 6.88%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $455,000 $455,000 $11,484 6.88%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $415,000 $415,000 $14,328 5.50%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $405,000 $405,000 $13,538 6.63%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $385,000 $385,000 $6,085 7.38%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $385,000 $385,000 $13,235 7.13%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $385,000 $385,000 $13,853 6.63%
Morgan City, LA (FHA|USDA|VA) 3 $385,000 $128,333 $4,513 6.50%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $375,000 $375,000 $12,563 5.25%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $355,000 $355,000 $6,581 5.88%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $325,000 $325,000 $15,968 6.25%
Beaver Dam, WI (FHA|USDA|VA) 1 $325,000 $325,000 $17,301 6.25%
Starkville, MS (FHA|USDA|VA) 2 $320,000 $160,000 $5,178 6.81%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $305,000 $305,000 $0 6.88%
LaGrange, GA-AL (FHA|USDA|VA) 1 $285,000 $285,000 $7,928 6.88%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $275,000 $275,000 $3,023 6.88%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $265,000 $265,000 $8,403 7.88%
ST. GEORGE, UT (FHA|USDA|VA) 1 $265,000 $265,000 $9,079 5.88%
NEW BERN, NC (FHA|USDA|VA) 1 $255,000 $255,000 $4,735 6.63%
Tupelo, MS (FHA|USDA|VA) 1 $255,000 $255,000 $4,095 6.00%
Ruidoso, NM (FHA|USDA|VA) 1 $255,000 $255,000 $0 7.13%
LYNCHBURG, VA (FHA|USDA|VA) 1 $245,000 $245,000 $5,476 7.13%
Wabash, IN (FHA|USDA|VA) 1 $245,000 $245,000 $4,853 7.25%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $235,000 $235,000 $6,024 7.00%
OCALA, FL (FHA|USDA|VA) 1 $215,000 $215,000 $5,067 6.88%
Mount Pleasant, TX (FHA|USDA|VA) 1 $205,000 $205,000 $11,770 5.75%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $205,000 $205,000 $3,685 6.63%
JONESBORO, AR (FHA|USDA|VA) 1 $195,000 $195,000 $3,482 6.63%
TULSA, OK (FHA|USDA|VA) 2 $180,000 $90,000 $5,394 6.31%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $175,000 $175,000 $3,704 6.75%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $155,000 $155,000 $2,892 6.63%
Madison, IN (FHA|USDA|VA) 1 $145,000 $145,000 $2,923 6.75%
Fort Polk South, LA (FHA|USDA|VA) 1 $135,000 $135,000 $3,567 6.13%
Stillwater, OK (FHA|USDA|VA) 1 $105,000 $105,000 $6,615 5.63%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $85,000 $85,000 $4,825 7.13%
Miami, OK (FHA|USDA|VA) 1 $85,000 $85,000 $4,963 6.50%
Fidelity Bank's top markets include New Orleans, Baton Rouge, Shreveport, Lake Charles, and Lafayette among others.

Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against FIDELITY 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 1,240 $322,700,000 $260,242 $6,525 6.89%
    FHA 515 $110,865,000 $215,272 $9,405 6.54%
    HELOC 284 $39,750,000 $139,965 n/a 8.91%
    VA 130 $37,990,000 $292,231 $7,308 6.45%
    USDA 58 $10,210,000 $176,034 $6,849 6.66%

    For 2023, Fidelity Bank's most frequently originated type of loan was Conventional, with 1,240 originations. Their 2nd most popular type was FHA, with 515 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,752 $454,910,000 $259,652 $7,825 6.72%
    Home Improvement 179 $23,245,000 $129,860 $1,881 8.34%
    Other 174 $16,570,000 $95,230 $1,572 8.40%
    Refi 82 $17,060,000 $208,049 $3,727 7.85%
    Cash Out Refi 40 $9,730,000 $243,250 $8,659 7.05%

    For 2023, Fidelity Bank's most frequently cited loan purpose was Home Purchase, with 1,752 originations. The 2nd most popular reason was Home Improvement, with 179 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,807 $467,685,000 $258,818 $7,845 6.74%
    10 Year 204 $28,760,000 $140,980 $884 8.67%
    15 Year 191 $20,635,000 $108,037 $1,690 8.15%
    5 Year 14 $1,410,000 $100,714 $718 6.27%
    Other 5 $1,385,000 $277,000 $8,887 7.80%
    20 Year 3 $515,000 $171,667 $4,917 4.13%
    3 Year 3 $1,125,000 $375,000 $0 8.13%

    For 2023, Fidelity Bank's most frequently cited loan duration was 30 Year, with 1,807 originations. The 2nd most popular length was 10 Year, with 204 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 581 $116,675,000 $200,818
    $5k+ 368 $159,250,000 $432,745
    $2k-3k 364 $73,270,000 $201,291
    $3k-4k 175 $42,055,000 $240,314
    $<1k 171 $23,825,000 $139,327
    $4k-5k 152 $42,040,000 $276,579

    Fidelity Bank's average total fees were $7,845, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 581 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,054 $254,710,000 $241,660
    7-8% 588 $142,950,000 $243,112
    Over 8% 313 $55,875,000 $178,514
    5-6% 259 $64,315,000 $248,320
    4-5% 8 $2,980,000 $372,500
    <2.5% 5 $685,000 $137,000

    During 2023, Fidelity Bank's average interest rate for loans was 6.74%, while their most frequently originated rate bucket for loans was 6-7%, with 1,054 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 883 $241,135,000 $273,086 $8,076 6.88%
    $100k-200k 734 $112,600,000 $153,406 $5,694 6.83%
    $100,000 or less 367 $22,675,000 $61,785 $2,492 7.82%
    $400k-600k 165 $79,835,000 $483,848 $12,256 6.96%
    $600k-1MM 60 $41,580,000 $693,000 $13,206 7.17%
    $1MM+ 18 $23,690,000 $1,316,111 $27,436 6.95%

    2023 saw Fidelity Bank place emphasis on $200k-400k loans with 883 originations, totaling $241,135,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 562 $98,690,000 $175,605 $6,176 6.66%
    $100k-150k 463 $107,515,000 $232,214 $7,399 7.20%
    $150k-250k 366 $106,130,000 $289,973 $8,974 7.44%
    $75k-100k 341 $71,435,000 $209,487 $7,455 7.03%
    $50k or less 239 $30,395,000 $127,176 $5,336 6.53%
    $250k+ 202 $93,100,000 $460,891 $12,361 7.44%

    Fidelity Bank lent most frequently to those with incomes in the $50k-75k range, with 562 originations. The second most popular income band? $100k-150k, with 463 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 355 $80,475,000 $226,690 $7,022 7.07%
    20-30% 276 $56,370,000 $204,239 $6,163 7.13%
    44% 148 $34,600,000 $233,784 $7,000 7.09%
    49% 140 $36,360,000 $259,714 $8,486 6.79%
    50-60% 124 $35,120,000 $283,226 $11,149 6.63%
    45% 119 $29,385,000 $246,933 $7,907 7.07%
    40% 115 $26,525,000 $230,652 $6,921 7.18%
    43% 99 $23,915,000 $241,566 $7,457 7.09%
    41% 99 $25,005,000 $252,576 $7,324 7.36%
    42% 98 $18,970,000 $193,571 $6,489 7.12%
    48% 86 $22,080,000 $256,744 $7,850 6.77%
    38% 81 $20,795,000 $256,728 $6,864 7.03%
    39% 80 $19,650,000 $245,625 $7,373 7.14%
    46% 80 $19,140,000 $239,250 $7,823 6.73%
    37% 75 $14,975,000 $199,667 $5,908 7.22%
    47% 74 $17,640,000 $238,378 $7,990 6.77%
    36% 71 $16,225,000 $228,521 $7,167 7.02%
    <20% 67 $12,815,000 $191,269 $5,675 6.89%
    >60% 4 $1,100,000 $275,000 $11,270 6.91%

    Fidelity Bank lent most frequently to those with DTI ratios of 30-36%, with 355 originations. The next most common DTI ratio? 20-30%, with 276 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,498 $357,570,000 $238,698 $7,299 7.10%
    Black 437 $86,555,000 $198,066 $7,226 6.80%
    Not provided 197 $53,115,000 $269,619 $8,314 6.94%
    Not applicable 36 $10,370,000 $288,056 $0 7.65%
    Asian 36 $8,520,000 $236,667 $8,762 6.72%
    American Indian 17 $4,205,000 $247,353 $8,219 6.97%
    Native Hawaiian or Islander 5 $1,135,000 $227,000 $5,935 7.07%
    Asian Indian 1 $45,000 $45,000 $0 9.25%

    Approval Rates

    Total approvals of all applications
    88.24%

    Fidelity Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.65%

    Fidelity Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,227 $521,515,000 $234,178

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,227 $521,515,000 $234,178

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 178 $24,850,000 $139,607 $3,162 8.02%
    40-60% 114 $26,830,000 $235,351 $6,314 7.07%
    60-80% 356 $99,950,000 $280,758 $7,712 7.03%
    80-100% 1,338 $347,660,000 $259,836 $7,891 6.72%
    Over 100% 28 $8,540,000 $305,000 $12,550 5.91%
    Under 20% 213 $13,685,000 $64,249 $847 8.30%