Farmers State Bank S/b Mortgage Rates, Fees & Info
SCHELL CITY, MOLEI: 2549002V3ASSGQWSEF62
Tax ID: 44-0243060
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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 (well, only) market is Springfield.Farmers State Bank S/b 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.
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Originations
38Origination Dollar Volume (All Markets)
$4,860,000Top 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) | 17 | $3,285,000 | $193,235 | $0 | 0.00% |
| Outside of Metro Areas | 21 | $1,575,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 38 | $4,860,000 | $127,895 | $0 | 0.00% |
For 2019, Farmers State Bank S/b's most frequently originated type of loan was Conventional, with 38 originations.
Loan Reason
For 2019, Farmers State Bank S/b's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 38 | $4,860,000 | $127,895 | $0 | 0.00% |
For 2019, Farmers State Bank S/b's most frequently cited loan duration was Other, with 38 originations.
Loan Sizing
2019 saw Farmers State Bank S/b place emphasis on $100,000 or less loans with 25 originations, totaling $1,285,000 in origination value.
Applicant Income
Farmers State Bank S/b lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $50k or less, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 38 | $4,860,000 | $127,895 | $0 | 0.00% |
Farmers State Bank S/b lent most frequently to those with DTI ratios of Exempt%, with 38 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 38 | $4,860,000 | $127,895 | $0 | 0.00% |
Approval Rates
Total approvals of all applications78.00%
Farmers State Bank S/b has a below average approval rate.
Pick Rate
Approvals leading to origination97.37%
Farmers State Bank S/b 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 |
|---|---|---|---|
| Exempt | 38 | $4,860,000 | $127,895 |