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 Refi loans. Fitzsimons Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Greeley, Boulder, Colorado Springs, and Fort Collins among others. We have data for 7 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 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 7.29% 4/28/24
    30 Year Cash-out Refi 6.70% 4/28/24
    15 Year Conventional Purchase 5.68% 4/28/24
    15 Year Conventional Refi 6.91% 4/28/24
    15 Year Cash-out Refi 6.91% 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.

    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

    159

    Origination Dollar Volume (All Markets)

    $28,525,000

    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) 148 $26,300,000 $177,703 $512 3.51%
    GREELEY, CO (FHA|USDA|VA) 5 $1,115,000 $223,000 $240 3.55%
    BOULDER, CO (FHA|USDA|VA) 1 $505,000 $505,000 $0 3.25%
    Outside of Metro Areas 1 $275,000 $275,000 $0 3.25%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $235,000 $235,000 $0 3.25%
    FORT COLLINS, CO (FHA|USDA|VA) 2 $70,000 $35,000 $0 3.50%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.50%
    Fitzsimons Federal Credit Union's top markets include Denver, Greeley, Boulder, Colorado Springs, and Fort Collins among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 109 $22,625,000 $207,569 $485 3.45%
    HELOC 50 $5,900,000 $118,000 n/a 3.64%

    For 2021, Fitzsimons Federal Credit Union's most frequently originated type of loan was Conventional, with 109 originations. Their 2nd most popular type was HELOC, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 85 $18,855,000 $221,824 $331 3.37%
    Home Improvement 41 $4,165,000 $101,585 $38 3.68%
    Other 25 $3,775,000 $151,000 $110 3.84%
    Home Purchase 4 $750,000 $187,500 $7,470 3.38%
    Cash Out Refi 4 $980,000 $245,000 $4,293 2.72%

    For 2021, Fitzsimons Federal Credit Union's most frequently cited loan purpose was Refi, with 85 originations. The 2nd most popular reason was Home Improvement, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 126 $24,640,000 $195,556 $178 3.43%
    15 Year 18 $2,050,000 $113,889 $817 4.10%
    10 Year 6 $420,000 $70,000 $0 3.90%
    5 Year 4 $240,000 $60,000 $0 3.40%
    30 Year 3 $855,000 $285,000 $7,529 2.88%
    Other 2 $320,000 $160,000 $615 3.25%

    For 2021, Fitzsimons Federal Credit Union's most frequently cited loan duration was 20 Year, with 126 originations. The 2nd most popular length was 15 Year, with 18 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 100 $20,250,000 $202,500
    $4k-5k 2 $720,000 $360,000
    $2k-3k 1 $155,000 $155,000
    $3k-4k 1 $245,000 $245,000
    $5k+ 1 $355,000 $355,000

    Fitzsimons Federal Credit Union's average total fees were $7,529, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 100 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 138 $25,960,000 $188,116
    4-5% 11 $715,000 $65,000
    2.5-3% 4 $1,140,000 $285,000
    5-6% 3 $65,000 $21,667
    <2.5% 2 $620,000 $310,000
    7-8% 1 $25,000 $25,000

    During 2021, Fitzsimons Federal Credit Union's average interest rate for loans was 2.88%, while their most frequently originated rate bucket for loans was 3-4%, with 138 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 59 $15,985,000 $270,932 $780 3.25%
    $100,000 or less 53 $2,615,000 $49,340 $74 3.88%
    $100k-200k 40 $5,750,000 $143,750 $331 3.42%
    $400k-600k 4 $2,050,000 $512,500 $0 3.38%
    $600k-1MM 3 $2,125,000 $708,333 $0 3.42%

    2021 saw Fitzsimons Federal Credit Union place emphasis on $200k-400k loans with 59 originations, totaling $15,985,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 52 $8,330,000 $160,192 $326 3.49%
    $75k-100k 36 $5,580,000 $155,000 $176 3.43%
    $100k-150k 32 $6,480,000 $202,500 $825 3.69%
    $50k or less 18 $2,590,000 $143,889 $464 3.39%
    $150k-250k 15 $2,905,000 $193,667 $1,296 3.52%
    $250k+ 6 $2,640,000 $440,000 $0 3.50%

    Fitzsimons Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 52 originations. The second most popular income band? $75k-100k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 36 $7,200,000 $200,000 $781 3.45%
    30-36% 27 $4,615,000 $170,926 $482 3.55%
    <20% 16 $2,200,000 $137,500 $242 3.52%
    42% 11 $1,105,000 $100,455 $0 3.82%
    50-60% 10 $1,880,000 $188,000 $256 3.47%
    37% 8 $1,710,000 $213,750 $100 3.78%
    44% 7 $1,235,000 $176,429 $150 3.41%
    49% 6 $800,000 $133,333 $0 3.64%
    41% 5 $1,165,000 $233,000 $2,623 3.15%
    38% 5 $1,085,000 $217,000 $240 3.28%
    40% 5 $1,005,000 $201,000 $0 3.60%
    45% 5 $1,465,000 $293,000 $0 3.30%
    46% 4 $710,000 $177,500 $2,498 3.28%
    39% 3 $265,000 $88,333 $0 3.91%
    47% 3 $655,000 $218,333 $300 3.33%
    48% 3 $545,000 $181,667 $0 3.33%
    36% 3 $365,000 $121,667 $0 3.54%
    43% 2 $520,000 $260,000 $0 3.25%

    Fitzsimons Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 36 originations. The next most common DTI ratio? 30-36%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 121 $22,285,000 $184,174 $470 3.51%
    Black 20 $3,070,000 $153,500 $72 3.48%
    Not provided 15 $2,835,000 $189,000 $1,441 3.50%
    American Indian 1 $245,000 $245,000 $0 3.63%
    Asian 1 $65,000 $65,000 $0 3.99%
    Native Hawaiian or Islander 1 $25,000 $25,000 $0 3.50%

    Approval Rates

    Total approvals of all applications
    89.53%

    Fitzsimons Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.71%

    Fitzsimons Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 159 $28,525,000 $179,403

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    159 $28,525,000 $179,403

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $3,760,000 $134,286 $126 3.43%
    40-60% 29 $7,105,000 $245,000 $608 3.23%
    60-80% 39 $12,345,000 $316,538 $876 3.26%
    80-100% 5 $1,775,000 $355,000 $0 3.40%
    Under 20% 58 $3,540,000 $61,034 $110 3.87%