Fidelity Bank & Trust Mortgage Rates, Fees & Info

Dubuque, IA

LEI: 549300P8W7NTNS3TVK84

Tax ID: 42-0388390

5 stars - Updated: 4/5/25 - out of 5 stars, based on 25 reviews

Latest/2024 | 2023 Data | 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 and Refi 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, Cedar Rapids, Waterloo, Platteville, and Des Moines among others. We have data for 12 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 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.

    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 6.14% 4/5/25
    30 Year Conventional Refi 5.80% 4/5/25
    30 Year Cash-out Refi 6.00% 4/5/25
    15 Year Conventional Purchase 5.95% 4/5/25
    15 Year Conventional Refi 5.72% 4/5/25
    15 Year Cash-out Refi 5.72% 4/5/25
    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

    629

    Origination Dollar Volume (All Markets)

    $103,695,000
    Show all (9) awards

    Relative Rate

    Fidelity Bank & Trust's average 30 year fixed mortgage rate was 6.38%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.17%.

    Relative Fees (Closing Costs)

    Fidelity Bank & Trust's average total fees/closing costs for a 30 year fixed rate mortgage were $1,889.

    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 $8,356.

    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) 205 $42,265,000 $206,171 $1,641 7.01%
    Outside of Metro Areas 304 $38,960,000 $128,158 $1,657 6.94%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 42 $9,980,000 $237,619 $1,644 6.85%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 41 $6,515,000 $158,902 $1,536 7.01%
    Platteville, WI (FHA|USDA|VA) 13 $1,385,000 $106,538 $1,396 7.22%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 7 $1,305,000 $186,429 $2,169 6.78%
    IOWA CITY, IA (FHA|USDA|VA) 5 $885,000 $177,000 $1,970 6.34%
    Muscatine, IA (FHA|USDA|VA) 4 $810,000 $202,500 $1,740 6.69%
    Spencer, IA (FHA|USDA|VA) 1 $705,000 $705,000 $600 6.77%
    Clinton, IA (FHA|USDA|VA) 5 $635,000 $127,000 $1,511 6.35%
    Freeport, IL (FHA|USDA|VA) 1 $135,000 $135,000 $1,368 5.95%
    Mason City, IA (FHA|USDA|VA) 1 $115,000 $115,000 $1,285 6.11%
    Fidelity Bank & Trust's top markets include Dubuque, Cedar Rapids, Waterloo, Platteville, and Des Moines among others.

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

    Farmers State Bank
    Similarity Rank: 35
    Heartland Credit Union (Madison)
    Similarity Rank: 48
    Royal Bank
    Similarity Rank: 64
    LINN AREA
    Similarity Rank: 84
    DuTrac Community Credit Union
    Similarity Rank: 104
    Bankers Trust Company
    Similarity Rank: 140
    Hills Bank and Trust Company
    Similarity Rank: 143
    Farmers State Bank
    Similarity Rank: 168
    CEDAR FALLS COMMUNITY CREDIT UNION
    Similarity Rank: 171
    Fidelity Bank & Trust
    Similarity Rank: 180

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 417 $86,055,000 $206,367 $1,645 6.94%
    Conventional 212 $17,640,000 $83,208 $0 0.00%

    For 2024, Fidelity Bank & Trust's most frequently originated type of loan was Conventional, with 417 originations. Their 2nd most popular type was Conventional, with 212 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 273 $63,695,000 $233,315 $1,851 6.85%
    Refi 173 $26,755,000 $154,653 $1,202 7.17%
    Home Improvement 120 $8,150,000 $67,917 $803 7.14%
    Other 60 $4,450,000 $74,167 $964 6.52%
    Cash Out Refi 3 $645,000 $215,000 $1,565 6.04%

    For 2024, Fidelity Bank & Trust's most frequently cited loan purpose was Home Purchase, with 273 originations. The 2nd most popular reason was Refi, with 173 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 255 $25,235,000 $98,961 $819 7.76%
    30 Year 181 $43,555,000 $240,635 $1,889 6.38%
    5 Year 53 $12,685,000 $239,340 $841 7.72%
    3 Year 49 $6,705,000 $136,837 $0 7.67%
    15 Year 39 $4,585,000 $117,564 $1,261 6.55%
    1 Year 26 $7,810,000 $300,385 $914 7.79%
    20 Year 15 $2,295,000 $153,000 $1,648 6.52%
    10 Year 11 $825,000 $75,000 $770 6.00%

    For 2024, Fidelity Bank & Trust's most frequently cited loan duration was Other, with 255 originations. The 2nd most popular length was 30 Year, with 181 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 234 $45,320,000 $193,675
    $1k-2k 34 $8,200,000 $241,176
    $4k-5k 1 $425,000 $425,000

    Fidelity Bank & Trust's average total fees were $1,889, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 234 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 204 $43,990,000 $215,637
    7-8% 117 $25,535,000 $218,248
    Over 8% 50 $6,010,000 $120,200
    5-6% 34 $7,990,000 $235,000
    4-5% 9 $2,295,000 $255,000
    2.5-3% 2 $50,000 $25,000
    3-4% 1 $185,000 $185,000

    During 2024, Fidelity Bank & Trust's average interest rate for loans was 6.38%, while their most frequently originated rate bucket for loans was 6-7%, with 204 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 306 $15,110,000 $49,379 $1,209 7.14%
    $100k-200k 163 $23,475,000 $144,018 $1,741 6.91%
    $200k-400k 107 $29,125,000 $272,196 $1,902 6.80%
    $400k-600k 37 $17,445,000 $471,486 $2,038 6.82%
    $600k-1MM 11 $7,995,000 $726,818 $1,487 6.45%
    $1MM+ 5 $10,545,000 $2,109,000 $0 7.13%

    2024 saw Fidelity Bank & Trust place emphasis on $100,000 or less loans with 306 originations, totaling $15,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 119 $18,135,000 $152,395 $1,675 6.79%
    $50k-75k 111 $12,705,000 $114,459 $1,688 6.21%
    $150k-250k 75 $17,215,000 $229,533 $1,708 6.58%
    $75k-100k 72 $7,140,000 $99,167 $1,461 6.89%
    $50k or less 64 $3,990,000 $62,344 $1,538 6.69%
    $250k+ 26 $8,620,000 $331,538 $1,887 6.72%

    Fidelity Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 119 originations. The second most popular income band? $50k-75k, with 111 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 212 $17,640,000 $83,208 $0 0.00%
    20-30% 83 $15,185,000 $182,952 $1,619 6.54%
    30-36% 64 $13,000,000 $203,125 $1,693 6.36%
    <20% 37 $6,065,000 $163,919 $1,405 6.56%
    37% 11 $2,625,000 $238,636 $1,792 6.56%
    39% 10 $2,560,000 $256,000 $1,796 6.85%
    38% 9 $1,265,000 $140,556 $1,688 5.96%
    40% 9 $2,505,000 $278,333 $1,812 6.43%
    36% 8 $2,050,000 $256,250 $1,686 6.85%
    43% 8 $1,210,000 $151,250 $1,467 6.48%
    41% 7 $1,675,000 $239,286 $1,692 6.71%
    44% 6 $940,000 $156,667 $1,457 6.48%
    45% 6 $1,860,000 $310,000 $2,476 6.60%
    42% 4 $810,000 $202,500 $1,339 6.99%
    46% 3 $505,000 $168,333 $1,978 6.35%
    47% 3 $1,035,000 $345,000 $2,055 6.58%
    >60% 1 $375,000 $375,000 $958 8.50%

    Fidelity Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 212 originations. The next most common DTI ratio? 20-30%, with 83 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 490 $69,460,000 $141,755 $1,643 6.75%
    Not applicable 115 $30,965,000 $269,261 $1,263 7.58%
    Not provided 21 $2,965,000 $141,190 $1,666 6.20%
    Asian 1 $185,000 $185,000 $2,092 5.75%
    Native Hawaiian or Islander 1 $65,000 $65,000 $0 8.20%
    Black 1 $55,000 $55,000 $2,086 6.25%

    Approval Rates

    Total approvals of all applications
    95.59%

    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
    96.82%

    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 212 $17,640,000 $83,208
    NA 417 $86,055,000 $206,367

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    629 $103,695,000 $164,857

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 62 $8,010,000 $129,194 $1,154 7.44%
    40-60% 52 $11,250,000 $216,346 $1,507 7.07%
    60-80% 108 $30,690,000 $284,167 $1,741 6.72%
    80-100% 101 $23,725,000 $234,901 $2,028 6.45%
    Under 20% 94 $12,380,000 $131,702 $724 7.34%