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, Lake Charles, Shreveport, and Lafayette among others. We have data for 88 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 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/28/24 |
| 30 Year Conventional Purchase | 6.85% | 4/28/24 |
| 30 Year Conventional Refi | 6.63% | 4/28/24 |
| 30 Year Cash-out Refi | 6.92% | 4/28/24 |
| 30 Year FHA Purchase | 7.45% | 4/28/24 |
| 30 Year FHA Refi | 6.27% | 4/28/24 |
| 30 Year VA Purchase | 6.36% | 4/28/24 |
| 30 Year VA Refi | 6.27% | 4/28/24 |
| 30 Year USDA Purchase | 6.89% | 4/28/24 |
| 30 Year USDA Refi | 6.21% | 4/28/24 |
| 15 Year Conventional Purchase | 6.41% | 4/28/24 |
| 15 Year Conventional Refi | 6.56% | 4/28/24 |
| 15 Year Cash-out Refi | 6.56% | 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. | ||
Fidelity Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,904Origination Dollar Volume (All Markets)
$702,690,000Awards
FIDELITY BANK - 2022
FIDELITY BANK is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 1,248 | $321,890,000 | $257,925 | $7,147 | 5.19% |
| BATON ROUGE, LA (FHA|USDA|VA) | 372 | $90,700,000 | $243,817 | $6,732 | 5.21% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 253 | $51,425,000 | $203,261 | $6,654 | 4.78% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 214 | $45,280,000 | $211,589 | $6,803 | 5.06% |
| LAFAYETTE, LA (FHA|USDA|VA) | 159 | $32,195,000 | $202,484 | $6,373 | 5.02% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 91 | $23,385,000 | $256,978 | $8,534 | 4.85% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 56 | $19,480,000 | $347,857 | $9,281 | 4.99% |
| JACKSON, MS (FHA|USDA|VA) | 59 | $14,305,000 | $242,458 | $6,180 | 5.32% |
| McComb, MS (FHA|USDA|VA) | 61 | $12,115,000 | $198,607 | $5,320 | 5.09% |
| Outside of Metro Areas | 55 | $10,555,000 | $191,909 | $6,243 | 4.78% |
| HAMMOND, LA (FHA|USDA|VA) | 58 | $10,500,000 | $181,034 | $6,481 | 5.47% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 14 | $7,380,000 | $527,143 | $5,742 | 4.49% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 21 | $5,335,000 | $254,048 | $5,644 | 4.83% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 13 | $3,705,000 | $285,000 | $6,073 | 5.39% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 6 | $3,690,000 | $615,000 | $12,020 | 4.71% |
| Jennings, LA (FHA|USDA|VA) | 20 | $3,300,000 | $165,000 | $6,288 | 5.05% |
| Natchez, MS-LA (FHA|USDA|VA) | 16 | $2,750,000 | $171,875 | $4,700 | 4.91% |
| Athens, TX (FHA|USDA|VA) | 8 | $2,480,000 | $310,000 | $7,854 | 5.11% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $2,455,000 | $350,714 | $8,009 | 4.89% |
| Vicksburg, MS (FHA|USDA|VA) | 12 | $2,280,000 | $190,000 | $7,466 | 5.02% |
| Opelousas, LA (FHA|USDA|VA) | 10 | $2,090,000 | $209,000 | $6,972 | 5.25% |
| HATTIESBURG, MS (FHA|USDA|VA) | 8 | $2,020,000 | $252,500 | $4,776 | 4.97% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 5 | $1,975,000 | $395,000 | $7,218 | 4.78% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 11 | $1,755,000 | $159,545 | $5,471 | 4.63% |
| DeRidder, LA (FHA|USDA|VA) | 8 | $1,740,000 | $217,500 | $7,675 | 5.42% |
| MONROE, LA (FHA|USDA|VA) | 8 | $1,670,000 | $208,750 | $6,816 | 4.81% |
| Minden, LA (FHA|USDA|VA) | 8 | $1,510,000 | $188,750 | $7,734 | 4.80% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $5,933 | 4.88% |
| Picayune, MS (FHA|USDA|VA) | 6 | $1,270,000 | $211,667 | $8,946 | 4.67% |
| Brookhaven, MS (FHA|USDA|VA) | 8 | $1,220,000 | $152,500 | $5,392 | 5.03% |
| PANAMA CITY, FL (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $8,489 | 5.44% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $16,233 | 3.75% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $5,733 | 5.13% |
| Cleveland, MS (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $4,523 | 5.28% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $15,591 | 4.94% |
| Starkville, MS (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $17,331 | 4.25% |
| Morgan City, LA (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $5,679 | 5.65% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $7,657 | 5.38% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $10,916 | 4.88% |
| Bogalusa, LA (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $5,671 | 5.04% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $10,205 | 5.50% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $18,062 | 3.25% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $15,083 | 4.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $7,152 | 4.81% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $5,161 | 4.38% |
| MOBILE, AL (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $3,456 | 4.83% |
| MADISON, WI (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $7,476 | 3.88% |
| Oxford, MS (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,375 | 5.13% |
| MONTGOMERY, AL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $6,408 | 5.63% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,425 | 4.13% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $15,278 | 5.25% |
| Sedalia, MO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $12,688 | 3.75% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $5,613 | 5.75% |
| Altus, OK (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $11,901 | 5.25% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,639 | 6.63% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,936 | 4.75% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,944 | 5.50% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $13,257 | 3.75% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,374 | 4.00% |
| RENO, NV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 4.63% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,399 | 3.63% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 5.06% |
| Kinston, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,176 | 5.63% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,381 | 5.38% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,844 | 3.88% |
| TULSA, OK (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,393 | 5.25% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,328 | 5.38% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 6.13% |
| OCALA, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,740 | 4.50% |
| Ruston, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,032 | 3.88% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,772 | 3.25% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,452 | 4.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,245 | 3.50% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,368 | 6.13% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,314 | 6.13% |
| READING, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,638 | 3.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,078 | 4.50% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,059 | 5.25% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,021 | 3.63% |
| Greenville, MS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,120 | 6.38% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,307 | 5.63% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,571 | 5.38% |
| Meridian, MS (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 6.25% |
| AKRON, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.00% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,290 | 4.13% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,460 | 4.50% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.88% |
| Selma, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,337 | 3.88% |
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Product Mix
For 2022, Fidelity Bank's most frequently originated type of loan was Conventional, with 1,700 originations. Their 2nd most popular type was FHA, with 530 originations.
Loan Reason
For 2022, Fidelity Bank's most frequently cited loan purpose was Home Purchase, with 2,236 originations. The 2nd most popular reason was Other, with 236 originations.
Loan Duration/Length
For 2022, Fidelity Bank's most frequently cited loan duration was 30 Year, with 2,365 originations. The 2nd most popular length was 10 Year, with 281 originations.
Origination Fees/Closing Costs
Fidelity Bank's average total fees were $7,076, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,018 originations.
Interest Rates
During 2022, Fidelity Bank's average interest rate for loans was 5.03%, while their most frequently originated rate bucket for loans was 5-6%, with 990 originations.
Loan Sizing
2022 saw Fidelity Bank place emphasis on $200k-400k loans with 1,146 originations, totaling $314,870,000 in origination value.
Applicant Income
Fidelity Bank lent most frequently to those with incomes in the $50k-75k range, with 704 originations. The second most popular income band? $100k-150k, with 544 originations.
Applicant Debt to Income Ratio
Fidelity Bank lent most frequently to those with DTI ratios of 20-30%, with 493 originations. The next most common DTI ratio? 30-36%, with 480 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.56%
Fidelity Bank has an average approval rate.
Pick Rate
Approvals leading to origination71.07%
Fidelity Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,904 | $702,690,000 | $241,973 |