Farmers State Bank S/b Mortgage Rates, Fees & Info
SCHELL CITY, MOLEI: 2549002V3ASSGQWSEF62
Tax ID: 44-0243060
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Farmers State Bank S/b is a smaller bank specializing in Home Purchase and Refi loans. Farmers State Bank S/b has a high proportion of conventional loans. Their top two markets are Springfield and Kansas City .Farmers State Bank S/b 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
44Origination Dollar Volume (All Markets)
$5,410,000Top 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 |
|---|---|---|---|---|---|
| SPRINGFIELD, MO (FHA|USDA|VA) | 21 | $4,005,000 | $190,714 | $0 | 0.00% |
| Outside of Metro Areas | 22 | $1,340,000 | $60,909 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 44 | $5,410,000 | $122,955 | $0 | 0.00% |
For 2018, Farmers State Bank S/b's most frequently originated type of loan was Conventional, with 44 originations.
Loan Reason
For 2018, Farmers State Bank S/b's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 44 | $5,410,000 | $122,955 | $0 | 0.00% |
For 2018, Farmers State Bank S/b's most frequently cited loan duration was Other, with 44 originations.
Loan Sizing
2018 saw Farmers State Bank S/b place emphasis on $100,000 or less loans with 26 originations, totaling $1,220,000 in origination value.
Applicant Income
Farmers State Bank S/b lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 44 | $5,410,000 | $122,955 | $0 | 0.00% |
Farmers State Bank S/b lent most frequently to those with DTI ratios of Exempt%, with 44 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 40 | $4,100,000 | $102,500 | $0 | 0.00% |
| Not applicable | 4 | $1,310,000 | $327,500 | $0 | 0.00% |
Approval Rates
Total approvals of all applications92.59%
Farmers State Bank S/b has an average approval rate.
Pick Rate
Approvals leading to origination86.36%
Farmers State Bank S/b has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 44 | $5,410,000 | $122,955 |