Mcfarland State Bank Mortgage Rates, Fees & Info

MCFARLAND, WI

LEI: 2549001Z9LKB35FX7237

Tax ID: 39-0460450

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

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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

    Mcfarland State Bank is a smaller bank specializing in Home Purchase and Refi loans. Mcfarland State Bank has a high proportion of conventional loans. Their top (well, only) market is Madison.

    Mcfarland State Bank has an above 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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    Originations

    267

    Origination Dollar Volume (All Markets)

    $67,465,000

    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
    MADISON, WI (FHA|USDA|VA) 222 $58,220,000 $262,252 $0 0.00%
    Outside of Metro Areas 45 $9,245,000 $205,444 $0 0.00%
    Mcfarland State Bank's top markets include and Madison among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 267 $67,465,000 $252,678 $0 0.00%

    For 2018, Mcfarland State Bank's most frequently originated type of loan was Conventional, with 267 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 193 $46,465,000 $240,751 $0 0.00%
    Refi 43 $13,545,000 $315,000 $0 0.00%
    Cash Out Refi 25 $6,015,000 $240,600 $0 0.00%
    Home Improvement 6 $1,440,000 $240,000 $0 0.00%

    For 2018, Mcfarland State Bank's most frequently cited loan purpose was Home Purchase, with 193 originations. The 2nd most popular reason was Refi, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 267 $67,465,000 $252,678 $0 0.00%

    For 2018, Mcfarland State Bank's most frequently cited loan duration was Other, with 267 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 141 $38,935,000 $276,135 $0 0.00%
    $100k-200k 86 $13,070,000 $151,977 $0 0.00%
    $400k-600k 16 $7,520,000 $470,000 $0 0.00%
    $100,000 or less 14 $930,000 $66,429 $0 0.00%
    $600k-1MM 10 $7,010,000 $701,000 $0 0.00%

    2018 saw Mcfarland State Bank place emphasis on $200k-400k loans with 141 originations, totaling $38,935,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 61 $15,025,000 $246,311 $0 0.00%
    $150k-250k 50 $15,610,000 $312,200 $0 0.00%
    $50k-75k 42 $7,980,000 $190,000 $0 0.00%
    $75k-100k 41 $9,995,000 $243,780 $0 0.00%
    $250k+ 26 $11,160,000 $429,231 $0 0.00%
    $50k or less 26 $3,860,000 $148,462 $0 0.00%

    Mcfarland State Bank lent most frequently to those with incomes in the $100k-150k range, with 61 originations. The second most popular income band? $150k-250k, with 50 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 267 $67,465,000 $252,678 $0 0.00%

    Mcfarland State Bank lent most frequently to those with DTI ratios of Exempt%, with 267 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 208 $52,500,000 $252,404 $0 0.00%
    Not provided 21 $5,925,000 $282,143 $0 0.00%
    Not applicable 18 $3,180,000 $176,667 $0 0.00%
    Asian 12 $2,760,000 $230,000 $0 0.00%
    Black 6 $2,090,000 $348,333 $0 0.00%
    Asian Indian 2 $1,010,000 $505,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.91%

    Mcfarland State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.65%

    Mcfarland State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 267 $67,465,000 $252,678

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 267 $67,465,000 $252,678