Mcfarland State Bank Mortgage Rates, Fees & Info
MCFARLAND, WILEI: 2549001Z9LKB35FX7237
Tax ID: 39-0460450
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Mortgage Data
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 markets by origination volume include: Madison, Janesville, Menomonie, Baraboo, and Milwaukee among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)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
305Origination Dollar Volume (All Markets)
$88,905,000Top 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 |
|---|---|---|---|---|---|
| MADISON, WI (FHA|USDA|VA) | 250 | $76,470,000 | $305,880 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 17 | $3,595,000 | $211,471 | $0 | 0.00% |
| Menomonie, WI (FHA|USDA|VA) | 1 | $2,105,000 | $2,105,000 | $0 | 0.00% |
| Baraboo, WI (FHA|USDA|VA) | 8 | $1,750,000 | $218,750 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $1,265,000 | $140,556 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $0 | 0.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $0 | 0.00% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 4 | $360,000 | $90,000 | $0 | 0.00% |
| Platteville, WI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| RACINE, WI (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 0.00% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 305 | $88,905,000 | $291,492 | $0 | 0.00% |
For 2019, Mcfarland State Bank's most frequently originated type of loan was Conventional, with 305 originations.
Loan Reason
For 2019, Mcfarland State Bank's most frequently cited loan purpose was Home Purchase, with 167 originations. The 2nd most popular reason was Refi, with 78 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 305 | $88,905,000 | $291,492 | $0 | 0.00% |
For 2019, Mcfarland State Bank's most frequently cited loan duration was Other, with 305 originations.
Loan Sizing
2019 saw Mcfarland State Bank place emphasis on $200k-400k loans with 150 originations, totaling $40,680,000 in origination value.
Applicant Income
Mcfarland State Bank lent most frequently to those with incomes in the $100k-150k range, with 85 originations. The second most popular income band? $75k-100k, with 55 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 305 | $88,905,000 | $291,492 | $0 | 0.00% |
Mcfarland State Bank lent most frequently to those with DTI ratios of Exempt%, with 305 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.78%
Mcfarland State Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.85%
Mcfarland State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 305 | $88,905,000 | $291,492 |