Fitzsimons Federal Credit Union Mortgage Rates, Fees & Info
AURORA, COLEI: 549300RU85PQV881NJ83
Tax ID: 84-0456625
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Mortgage Data
Review & Overview
Fitzsimons Federal Credit Union is a smaller credit union specializing in Home Improvement, Other, and Refi loans. Fitzsimons Federal Credit Union has a high proportion of conventional loans. Their top two markets are Denver and Greeley .Fitzsimons Federal Credit Union 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.29% | 4/19/24 |
| 30 Year Cash-out Refi | 6.70% | 4/19/24 |
| 15 Year Conventional Purchase | 5.68% | 4/19/24 |
| 15 Year Conventional Refi | 6.91% | 4/19/24 |
| 15 Year Cash-out Refi | 6.91% | 4/19/24 |
| 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. | ||
Fitzsimons Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
91Origination Dollar Volume (All Markets)
$9,285,000Top 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 |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 87 | $8,685,000 | $99,828 | $264 | 7.29% |
| Outside of Metro Areas | 2 | $340,000 | $170,000 | $300 | 3.87% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $1,200 | 10.37% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 56 | $5,270,000 | $94,107 | $283 | 6.65% |
| HELOC | 35 | $4,015,000 | $114,714 | n/a | 8.29% |
For 2023, Fitzsimons Federal Credit Union's most frequently originated type of loan was Conventional, with 56 originations. Their 2nd most popular type was HELOC, with 35 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 43 | $4,645,000 | $108,023 | $242 | 7.16% |
| Other | 31 | $2,255,000 | $72,742 | $204 | 7.62% |
| Refi | 17 | $2,385,000 | $140,294 | $470 | 6.96% |
For 2023, Fitzsimons Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 43 originations. The 2nd most popular reason was Other, with 31 originations.
Loan Duration/Length
For 2023, Fitzsimons Federal Credit Union's most frequently cited loan duration was 20 Year, with 40 originations. The 2nd most popular length was 15 Year, with 30 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 53 | $5,155,000 | $97,264 |
Fitzsimons Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 53 originations.
Interest Rates
During 2023, Fitzsimons Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 32 originations.
Loan Sizing
2023 saw Fitzsimons Federal Credit Union place emphasis on $100,000 or less loans with 54 originations, totaling $2,860,000 in origination value.
Applicant Income
Fitzsimons Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 28 originations. The second most popular income band? $100k-150k, with 25 originations.
Applicant Debt to Income Ratio
Fitzsimons Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 22 originations. The next most common DTI ratio? 20-30%, with 17 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.38%
Fitzsimons Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination87.91%
Fitzsimons Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 3 | $115,000 | $38,333 |
| NA | 88 | $9,170,000 | $104,205 |