Fidelity Bank & Trust Mortgage Rates, Fees & Info

Dubuque, IA

LEI: 549300P8W7NTNS3TVK84

Tax ID: 42-0388390

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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. Their top markets by origination volume include: Dubuque, Cedar Rapids, Waterloo, Platteville, and Madison among others. We have data for 15 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 6.53% 4/28/24
    30 Year Conventional Refi 6.45% 4/28/24
    30 Year Cash-out Refi 6.40% 4/28/24
    15 Year Conventional Purchase 6.01% 4/28/24
    15 Year Conventional Refi 6.31% 4/28/24
    15 Year Cash-out Refi 6.31% 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 & 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

    527

    Origination Dollar Volume (All Markets)

    $94,835,000

    Awards

    Fidelity Bank & Trust 30 Year Conventional Loans silver Fidelity Bank & Trust 30 Year Conventional Loans bronze Fidelity Bank & Trust 30 Year Conventional Loans gold Fidelity Bank & Trust 30 Year Conventional Loans gold
    Show all (4) awards

    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) 167 $35,755,000 $214,102 $1,889 4.89%
    Outside of Metro Areas 254 $34,590,000 $136,181 $1,606 4.96%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 26 $8,230,000 $316,538 $2,002 4.65%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 47 $7,805,000 $166,064 $1,602 4.78%
    Platteville, WI (FHA|USDA|VA) 14 $3,990,000 $285,000 $1,738 4.15%
    MADISON, WI (FHA|USDA|VA) 1 $1,725,000 $1,725,000 $3,977 3.25%
    Clinton, IA (FHA|USDA|VA) 3 $485,000 $161,667 $2,245 4.25%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 3 $425,000 $141,667 $1,821 4.92%
    IOWA CITY, IA (FHA|USDA|VA) 3 $395,000 $131,667 $1,438 4.38%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $375,000 $375,000 $3,550 5.38%
    Muscatine, IA (FHA|USDA|VA) 2 $360,000 $180,000 $2,332 5.41%
    AMES, IA (FHA|USDA|VA) 2 $320,000 $160,000 $0 3.45%
    ROCHESTER, MN (FHA|USDA|VA) 1 $235,000 $235,000 $2,825 4.25%
    Mason City, IA (FHA|USDA|VA) 2 $90,000 $45,000 $0 6.20%
    Sterling, IL (FHA|USDA|VA) 1 $55,000 $55,000 $1,572 5.34%
    Fidelity Bank & Trust's top markets include Dubuque, Cedar Rapids, Waterloo, Platteville, and Madison among others.

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

    Royal Bank
    Similarity Rank: 72
    Heartland Credit Union (Madison)
    Similarity Rank: 98
    Mound City Bank
    Similarity Rank: 98
    DuTrac Community Credit Union
    Similarity Rank: 120
    LINN AREA
    Similarity Rank: 136
    FIRST
    Similarity Rank: 144
    Farmers State Bank
    Similarity Rank: 171
    Hills Bank and Trust Company
    Similarity Rank: 190
    Community Savings Bank
    Similarity Rank: 200
    Farmers & Merchants Savings Bank
    Similarity Rank: 240

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 527 $94,835,000 $179,953 $1,715 4.87%

    For 2022, Fidelity Bank & Trust's most frequently originated type of loan was Conventional, with 527 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 306 $65,390,000 $213,693 $1,930 4.84%
    Refi 163 $22,825,000 $140,031 $1,166 4.99%
    Cash Out Refi 29 $4,745,000 $163,621 $1,800 4.46%
    Home Improvement 25 $1,225,000 $49,000 $582 5.12%
    Other 4 $650,000 $162,500 $1,846 3.87%

    For 2022, Fidelity Bank & Trust's most frequently cited loan purpose was Home Purchase, with 306 originations. The 2nd most popular reason was Refi, with 163 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 201 $42,405,000 $210,970 $1,949 5.02%
    5 Year 141 $25,025,000 $177,482 $222 4.88%
    Other 67 $9,325,000 $139,179 $614 4.73%
    15 Year 56 $10,310,000 $184,107 $1,728 4.25%
    10 Year 21 $1,785,000 $85,000 $849 4.74%
    3 Year 17 $2,655,000 $156,176 $0 5.80%
    20 Year 16 $2,520,000 $157,500 $1,702 4.90%
    1 Year 8 $810,000 $101,250 $0 4.97%

    For 2022, Fidelity Bank & Trust's most frequently cited loan duration was 30 Year, with 201 originations. The 2nd most popular length was 5 Year, with 141 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 260 $46,150,000 $177,500
    $1k-2k 44 $9,240,000 $210,000
    $2k-3k 3 $1,345,000 $448,333
    $3k-4k 2 $910,000 $455,000
    $4k-5k 2 $550,000 $275,000
    $5k+ 1 $245,000 $245,000

    Fidelity Bank & Trust's average total fees were $1,949, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 260 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 167 $26,165,000 $156,677
    3-4% 144 $34,620,000 $240,417
    4-5% 128 $22,190,000 $173,359
    6-7% 62 $8,400,000 $135,484
    7-8% 11 $855,000 $77,727
    2.5-3% 11 $1,425,000 $129,545
    <2.5% 3 $1,105,000 $368,333
    Over 8% 1 $75,000 $75,000

    During 2022, Fidelity Bank & Trust's average interest rate for loans was 5.02%, while their most frequently originated rate bucket for loans was 5-6%, with 167 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 197 $10,245,000 $52,005 $1,208 5.13%
    $100k-200k 175 $24,355,000 $139,171 $1,760 4.81%
    $200k-400k 115 $32,165,000 $279,696 $2,081 4.65%
    $400k-600k 28 $13,030,000 $465,357 $2,000 4.63%
    $600k-1MM 8 $5,690,000 $711,250 $2,031 4.47%
    $1MM+ 4 $9,350,000 $2,337,500 $3,977 3.81%

    2022 saw Fidelity Bank & Trust place emphasis on $100,000 or less loans with 197 originations, totaling $10,245,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 81 $16,865,000 $208,210 $1,726 4.86%
    $50k-75k 75 $9,215,000 $122,867 $1,615 4.93%
    $75k-100k 64 $11,580,000 $180,938 $1,732 4.97%
    $50k or less 63 $5,775,000 $91,667 $1,620 5.10%
    $150k-250k 26 $7,480,000 $287,692 $1,937 4.56%
    $250k+ 18 $8,470,000 $470,556 $2,213 5.01%

    Fidelity Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 81 originations. The second most popular income band? $50k-75k, with 75 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 107 $20,255,000 $189,299 $1,781 4.89%
    30-36% 64 $12,320,000 $192,500 $1,548 4.90%
    <20% 54 $8,430,000 $156,111 $1,666 4.68%
    40% 16 $2,780,000 $173,750 $1,648 4.86%
    41% 13 $3,345,000 $257,308 $1,765 5.16%
    38% 10 $2,680,000 $268,000 $2,413 4.49%
    42% 9 $1,605,000 $178,333 $1,569 5.00%
    39% 8 $1,160,000 $145,000 $2,050 4.81%
    37% 7 $1,585,000 $226,429 $1,827 5.22%
    36% 7 $1,055,000 $150,714 $1,736 5.44%
    44% 7 $1,505,000 $215,000 $1,748 4.41%
    43% 4 $760,000 $190,000 $1,886 5.62%
    45% 3 $345,000 $115,000 $2,086 5.83%
    46% 2 $360,000 $180,000 $1,282 4.19%
    47% 1 $185,000 $185,000 $2,237 6.63%
    48% 1 $105,000 $105,000 $2,097 4.13%
    50-60% 1 $25,000 $25,000 $149 6.18%
    >60% 1 $85,000 $85,000 $14 5.75%

    Fidelity Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 107 originations. The next most common DTI ratio? 30-36%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 380 $62,780,000 $165,211 $1,706 4.94%
    Not applicable 134 $29,760,000 $222,090 $0 4.67%
    Asian 3 $995,000 $331,667 $3,698 4.83%
    Not provided 4 $900,000 $225,000 $1,114 4.13%
    1 $155,000 $155,000 $1,404 5.25%
    Black 1 $85,000 $85,000 $1,812 5.63%
    Filipino 1 $85,000 $85,000 $1,887 5.13%
    Native Hawaiian or Islander 2 $50,000 $25,000 $0 7.00%
    American Indian 1 $25,000 $25,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    94.00%

    Fidelity Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.98%

    Fidelity Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 527 $94,835,000 $179,953

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    527 $94,835,000 $179,953

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 67 $11,805,000 $176,194 $1,122 5.05%
    40-60% 69 $11,215,000 $162,536 $1,460 4.84%
    60-80% 154 $32,570,000 $211,494 $1,881 4.69%
    80-100% 126 $26,860,000 $213,175 $1,994 4.91%
    Under 20% 111 $12,385,000 $111,577 $469 5.01%