Fidelity Bank Mortgage Rates, Fees & Info
New Orleans, LALEI: 549300LE3ZOZXUS7W648
Tax ID: 72-0184470
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 6.85% | 11/17/24 |
| 30 Year Conventional Refi | 6.63% | 11/17/24 |
| 30 Year Cash-out Refi | 6.92% | 11/17/24 |
| 30 Year FHA Purchase | 7.45% | 11/17/24 |
| 30 Year FHA Refi | 6.27% | 11/17/24 |
| 30 Year VA Purchase | 6.36% | 11/17/24 |
| 30 Year VA Refi | 6.27% | 11/17/24 |
| 30 Year USDA Purchase | 6.89% | 11/17/24 |
| 30 Year USDA Refi | 6.21% | 11/17/24 |
| 15 Year Conventional Purchase | 6.41% | 11/17/24 |
| 15 Year Conventional Refi | 6.56% | 11/17/24 |
| 15 Year Cash-out Refi | 6.56% | 11/17/24 |
| 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
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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
2,227Origination Dollar Volume (All Markets)
$521,515,000Awards
FIDELITY BANK - 2023
FIDELITY BANK is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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
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
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
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
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
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
2023 saw Fidelity Bank place emphasis on $200k-400k loans with 883 originations, totaling $241,135,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications88.24%
Fidelity Bank has an average approval rate.
Pick Rate
Approvals leading to origination69.65%
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 |