Fitzsimons Federal Credit Union Mortgage Rates, Fees & Info

AURORA, CO

LEI: 549300RU85PQV881NJ83

Tax ID: 84-0456625

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    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 markets by origination volume include: Denver, Pueblo, Fort Collins, Colorado Springs, and Greeley among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Fitzsimons Federal Credit Union has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Fitzsimons Federal Credit Union 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) 7.29% 12/16/24
    30 Year Cash-out Refi 6.70% 12/16/24
    15 Year Conventional Purchase 5.68% 12/16/24
    15 Year Conventional Refi 6.91% 12/16/24
    15 Year Cash-out Refi 6.91% 12/16/24
    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






    Your Estimates

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

    This is not an official calculator from Fitzsimons Federal Credit Union. 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

    163

    Origination Dollar Volume (All Markets)

    $13,135,000

    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
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 150 $11,680,000 $77,867 $751 5.54%
    PUEBLO, CO (FHA|USDA|VA) 1 $755,000 $755,000 $0 5.50%
    Outside of Metro Areas 8 $450,000 $56,250 $230 5.97%
    FORT COLLINS, CO (FHA|USDA|VA) 2 $120,000 $60,000 $0 4.63%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $115,000 $115,000 $400 5.49%
    GREELEY, CO (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.75%
    Fitzsimons Federal Credit Union's top markets include Denver, Pueblo, Fort Collins, Colorado Springs, and Greeley among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 88 $7,810,000 $88,750 $735 5.50%
    HELOC 75 $5,325,000 $71,000 n/a 5.61%

    For 2018, Fitzsimons Federal Credit Union's most frequently originated type of loan was Conventional, with 88 originations. Their 2nd most popular type was HELOC, with 75 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 65 $3,765,000 $57,923 $322 5.63%
    Other 52 $3,100,000 $59,615 $231 5.93%
    Refi 35 $3,845,000 $109,857 $595 5.14%
    Cash Out Refi 8 $1,460,000 $182,500 $4,441 4.53%
    Home Purchase 3 $965,000 $321,667 $0 4.83%

    For 2018, Fitzsimons Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 65 originations. The 2nd most popular reason was Other, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 87 $7,395,000 $85,000 $1,356 5.51%
    15 Year 47 $3,485,000 $74,149 $248 6.05%
    10 Year 14 $610,000 $43,571 $295 5.25%
    5 Year 8 $260,000 $32,500 $277 4.53%
    30 Year 6 $1,280,000 $213,333 $4,815 4.54%
    Other 1 $105,000 $105,000 $1,059 4.63%

    For 2018, Fitzsimons Federal Credit Union's most frequently cited loan duration was 20 Year, with 87 originations. The 2nd most popular length was 15 Year, with 47 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 79 $5,595,000 $70,823
    $2k-3k 4 $550,000 $137,500
    $4k-5k 2 $610,000 $305,000
    $1k-2k 1 $65,000 $65,000
    $3k-4k 1 $235,000 $235,000

    Fitzsimons Federal Credit Union's average total fees were $4,815, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 79 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 66 $6,790,000 $102,879
    5-6% 42 $3,470,000 $82,619
    6-7% 23 $975,000 $42,391
    7-8% 17 $775,000 $45,588
    3-4% 9 $765,000 $85,000
    Over 8% 6 $360,000 $60,000

    During 2018, Fitzsimons Federal Credit Union's average interest rate for loans was 4.54%, while their most frequently originated rate bucket for loans was 4-5%, with 66 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 119 $4,855,000 $40,798 $283 5.73%
    $100k-200k 32 $4,180,000 $130,625 $1,230 5.24%
    $200k-400k 10 $2,840,000 $284,000 $3,531 4.62%
    $400k-600k 1 $505,000 $505,000 $0 4.50%
    $600k-1MM 1 $755,000 $755,000 $0 5.50%

    2018 saw Fitzsimons Federal Credit Union place emphasis on $100,000 or less loans with 119 originations, totaling $4,855,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 41 $3,065,000 $74,756 $1,142 5.53%
    $100k-150k 34 $3,470,000 $102,059 $684 5.61%
    $50k or less 29 $1,415,000 $48,793 $795 5.84%
    $75k-100k 27 $1,875,000 $69,444 $472 5.50%
    $150k-250k 26 $1,840,000 $70,769 $373 5.25%
    $250k+ 4 $660,000 $165,000 $0 5.63%

    Fitzsimons Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 41 originations. The second most popular income band? $100k-150k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 41 $2,485,000 $60,610 $359 5.66%
    30-36% 34 $3,490,000 $102,647 $1,501 5.55%
    <20% 14 $510,000 $36,429 $300 4.86%
    50-60% 11 $585,000 $53,182 $187 5.94%
    37% 9 $455,000 $50,556 $228 6.53%
    38% 8 $620,000 $77,500 $597 6.18%
    41% 7 $575,000 $82,143 $395 5.81%
    46% 6 $590,000 $98,333 $2,065 5.33%
    47% 6 $840,000 $140,000 $3,108 5.29%
    44% 5 $405,000 $81,000 $690 4.91%
    39% 5 $425,000 $85,000 $165 5.10%
    43% 4 $280,000 $70,000 $1,618 5.26%
    45% 3 $195,000 $65,000 $1,278 5.77%
    48% 3 $515,000 $171,667 $0 4.47%
    40% 2 $80,000 $40,000 $0 6.20%
    49% 2 $210,000 $105,000 $0 4.75%
    36% 1 $65,000 $65,000 $0 4.25%
    42% 1 $55,000 $55,000 $0 5.00%

    Fitzsimons Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 41 originations. The next most common DTI ratio? 30-36%, with 34 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 113 $9,505,000 $84,115 $668 5.50%
    Not provided 24 $1,760,000 $73,333 $1,068 5.16%
    Black 19 $1,495,000 $78,684 $787 6.48%
    Asian 5 $205,000 $41,000 $136 5.47%
    American Indian 1 $145,000 $145,000 $1,139 5.00%
    Other Asian 1 $25,000 $25,000 $165 4.81%

    Approval Rates

    Total approvals of all applications
    79.28%

    Fitzsimons Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    95.09%

    Fitzsimons Federal Credit Union 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
    NA 163 $13,135,000 $80,583

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $755,000 $755,000
    Single Family (1-4 Units):Site-Built 162 $12,380,000 $76,420

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 34 $3,730,000 $109,706 $752 5.33%
    40-60% 16 $3,510,000 $219,375 $1,424 5.11%
    60-80% 5 $1,455,000 $291,000 $3,462 4.60%
    80-100% 1 $305,000 $305,000 $5,981 4.38%
    Under 20% 107 $4,135,000 $38,645 $202 5.75%