Fidelity Bank & Trust Mortgage Rates, Fees & Info

Dubuque, IA

LEI: 549300P8W7NTNS3TVK84

Tax ID: 42-0388390

5 stars - Updated: 11/17/24 - out of 5 stars, based on 24 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Fidelity Bank & Trust is a smaller bank specializing in Home Purchase loans. Fidelity Bank & Trust has a high proportion of conventional loans. Fidelity Bank & Trust has an average proportion of conventional loans. Their top markets by origination volume include: Dubuque, Waterloo, Cedar Rapids, Platteville, and Iowa City among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Fidelity Bank & Trust 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. Fidelity Bank & Trust is typically a low 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
    30 Year Conventional Purchase 6.53% 11/17/24
    30 Year Conventional Refi 6.45% 11/17/24
    30 Year Cash-out Refi 6.40% 11/17/24
    15 Year Conventional Purchase 6.01% 11/17/24
    15 Year Conventional Refi 6.31% 11/17/24
    15 Year Cash-out Refi 6.31% 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 & Trust Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Fidelity Bank & Trust. 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

    555

    Origination Dollar Volume (All Markets)

    $85,885,000
    Show all (5) awards

    Relative Rate

    Fidelity Bank & Trust's average 30 year fixed mortgage rate was 6.52%.

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

    This yields a difference of 0.04%.

    Relative Fees (Closing Costs)

    Fidelity Bank & Trust's average total fees/closing costs for a 30 year fixed rate mortgage were $1,874.

    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
    DUBUQUE, IA (FHA|USDA|VA) 180 $36,580,000 $203,222 $1,783 7.10%
    Outside of Metro Areas 252 $32,510,000 $129,008 $1,438 6.91%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 49 $7,385,000 $150,714 $1,525 6.86%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 42 $5,290,000 $125,952 $1,715 6.66%
    Platteville, WI (FHA|USDA|VA) 13 $1,525,000 $117,308 $1,254 7.55%
    IOWA CITY, IA (FHA|USDA|VA) 5 $745,000 $149,000 $2,096 6.61%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 5 $695,000 $139,000 $1,435 6.70%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 2 $400,000 $200,000 $2,018 7.13%
    MADISON, WI (FHA|USDA|VA) 1 $275,000 $275,000 $2,683 6.35%
    Clinton, IA (FHA|USDA|VA) 2 $160,000 $80,000 $1,732 7.26%
    Baraboo, WI (FHA|USDA|VA) 1 $125,000 $125,000 $806 6.22%
    Fort Dodge, IA (FHA|USDA|VA) 1 $105,000 $105,000 $1,886 5.63%
    Mason City, IA (FHA|USDA|VA) 2 $90,000 $45,000 $850 7.17%
    Fidelity Bank & Trust's top markets include Dubuque, Waterloo, Cedar Rapids, Platteville, and Iowa City among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Fidelity Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Mound City Bank
    Similarity Rank: 33
    Royal Bank
    Similarity Rank: 48
    DuTrac Community Credit Union
    Similarity Rank: 110
    FIRST
    Similarity Rank: 112
    LINN AREA
    Similarity Rank: 128
    Bankers Trust Company
    Similarity Rank: 162
    BankIowa of Cedar Rapids
    Similarity Rank: 170
    Hills Bank and Trust Company
    Similarity Rank: 200
    Farmers State Bank
    Similarity Rank: 240
    Collins Community Credit Union
    Similarity Rank: 375

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 380 $69,920,000 $184,000 $1,567 6.97%
    Conventional 175 $15,965,000 $91,229 $0 0.00%

    For 2023, Fidelity Bank & Trust's most frequently originated type of loan was Conventional, with 380 originations. Their 2nd most popular type was Conventional, with 175 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 255 $56,685,000 $222,294 $1,865 6.93%
    Refi 141 $16,685,000 $118,333 $920 7.12%
    Home Improvement 101 $6,595,000 $65,297 $774 6.94%
    Other 52 $5,220,000 $100,385 $1,160 6.70%
    Cash Out Refi 6 $700,000 $116,667 $1,642 6.46%

    For 2023, Fidelity Bank & Trust's most frequently cited loan purpose was Home Purchase, with 255 originations. The 2nd most popular reason was Refi, with 141 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 217 $24,255,000 $111,774 $586 7.53%
    30 Year 150 $31,980,000 $213,200 $1,874 6.52%
    3 Year 59 $5,585,000 $94,661 $100 7.54%
    5 Year 51 $11,695,000 $229,314 $743 7.65%
    15 Year 31 $4,175,000 $134,677 $1,121 6.44%
    1 Year 19 $4,305,000 $226,579 $1,209 7.49%
    20 Year 19 $3,445,000 $181,316 $1,431 6.52%
    10 Year 9 $445,000 $49,444 $717 5.78%

    For 2023, Fidelity Bank & Trust's most frequently cited loan duration was Other, with 217 originations. The 2nd most popular length was 30 Year, with 150 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 200 $35,370,000 $176,850
    $1k-2k 28 $5,550,000 $198,214
    $2k-3k 2 $540,000 $270,000
    $3k-4k 1 $405,000 $405,000
    $5k+ 1 $245,000 $245,000

    Fidelity Bank & Trust's average total fees were $1,874, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 200 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 166 $35,200,000 $212,048
    7-8% 150 $24,570,000 $163,800
    5-6% 34 $7,300,000 $214,706
    Over 8% 27 $2,505,000 $92,778
    2.5-3% 2 $50,000 $25,000
    4-5% 1 $295,000 $295,000

    During 2023, Fidelity Bank & Trust's average interest rate for loans was 6.52%, while their most frequently originated rate bucket for loans was 6-7%, with 166 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 272 $13,750,000 $50,551 $945 7.28%
    $100k-200k 141 $19,575,000 $138,830 $1,769 6.86%
    $200k-400k 110 $29,820,000 $271,091 $1,837 6.72%
    $400k-600k 22 $9,860,000 $448,182 $1,807 6.56%
    $1MM+ 5 $9,575,000 $1,915,000 $0 7.20%
    $600k-1MM 5 $3,305,000 $661,000 $1,711 6.46%

    2023 saw Fidelity Bank & Trust place emphasis on $100,000 or less loans with 272 originations, totaling $13,750,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 98 $10,210,000 $104,184 $1,604 6.65%
    $75k-100k 91 $10,145,000 $111,484 $1,448 6.64%
    $100k-150k 81 $11,925,000 $147,222 $1,568 6.59%
    $150k-250k 63 $14,975,000 $237,698 $1,597 6.70%
    $50k or less 42 $3,180,000 $75,714 $1,524 6.72%
    $250k+ 18 $4,010,000 $222,778 $1,598 6.63%

    Fidelity Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 98 originations. The second most popular income band? $75k-100k, with 91 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 175 $15,965,000 $91,229 $0 0.00%
    30-36% 63 $12,785,000 $202,937 $1,655 6.41%
    20-30% 47 $8,325,000 $177,128 $1,591 6.63%
    <20% 37 $4,795,000 $129,595 $1,337 6.47%
    44% 11 $1,685,000 $153,182 $1,641 6.75%
    39% 10 $1,760,000 $176,000 $1,525 6.26%
    36% 10 $2,030,000 $203,000 $1,814 6.44%
    40% 9 $1,245,000 $138,333 $1,435 6.69%
    42% 8 $1,860,000 $232,500 $1,615 6.77%
    38% 7 $1,705,000 $243,571 $1,625 6.82%
    43% 7 $1,395,000 $199,286 $1,652 6.65%
    37% 5 $1,085,000 $217,000 $1,826 6.55%
    41% 5 $905,000 $181,000 $1,924 6.45%
    49% 3 $815,000 $271,667 $2,079 6.80%
    50-60% 3 $625,000 $208,333 $769 6.32%
    45% 3 $585,000 $195,000 $1,286 7.30%
    47% 2 $470,000 $235,000 $1,638 6.56%
    >60% 2 $70,000 $35,000 $673 7.91%
    46% 1 $55,000 $55,000 $770 6.38%

    Fidelity Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 175 originations. The next most common DTI ratio? 30-36%, with 63 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 423 $57,685,000 $136,371 $1,570 6.76%
    Not applicable 115 $26,695,000 $232,130 $0 7.48%
    Not provided 13 $1,155,000 $88,846 $539 8.50%
    American Indian 1 $245,000 $245,000 $1,945 6.25%
    Native Hawaiian or Islander 3 $105,000 $35,000 $0 7.75%

    Approval Rates

    Total approvals of all applications
    95.34%

    Fidelity Bank & Trust 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
    96.76%

    Fidelity Bank & Trust 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
    Exempt 175 $15,965,000 $91,229
    NA 380 $69,920,000 $184,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    555 $85,885,000 $154,748

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 65 $6,405,000 $98,538 $948 7.22%
    40-60% 44 $8,920,000 $202,727 $1,415 7.03%
    60-80% 82 $18,230,000 $222,317 $1,753 6.78%
    80-100% 99 $19,915,000 $201,162 $1,929 6.60%
    Under 20% 90 $16,450,000 $182,778 $684 7.32%