Farmers And Merchants Bank Of Long Beach Mortgage Rates, Fees & Info
Long Beach, CALEI: 25490049RRVB8S6CG210
Tax ID: 95-0726412
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Mortgage Data
Review & Overview
Farmers And Merchants Bank Of Long Beach is a smaller bank specializing in Home Purchase and Refi loans. Farmers And Merchants Bank Of Long Beach has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Vallejo, Las Vegas, Riverside, and San Luis Obispo among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Farmers And Merchants Bank Of Long Beach has an 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
49Origination Dollar Volume (All Markets)
$38,345,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 41 | $30,675,000 | $748,171 | $0 | 0.00% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $3,205,000 | $3,205,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $2,225,000 | $2,225,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $0 | 0.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $0 | 0.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Farmers and Merchants Bank of Long Beach based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 49 | $38,345,000 | $782,551 | $0 | 0.00% |
For 2024, Farmers And Merchants Bank Of Long Beach's most frequently originated type of loan was Conventional, with 49 originations.
Loan Reason
For 2024, Farmers And Merchants Bank Of Long Beach's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 49 | $38,345,000 | $782,551 | $0 | 0.00% |
For 2024, Farmers And Merchants Bank Of Long Beach's most frequently cited loan duration was Other, with 49 originations.
Loan Sizing
2024 saw Farmers And Merchants Bank Of Long Beach place emphasis on $200k-400k loans with 20 originations, totaling $5,590,000 in origination value.
Applicant Income
Farmers And Merchants Bank Of Long Beach lent most frequently to those with incomes in the $250k+ range, with 10 originations. The second most popular income band? $50k-75k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 49 | $38,345,000 | $782,551 | $0 | 0.00% |
Farmers And Merchants Bank Of Long Beach lent most frequently to those with DTI ratios of Exempt%, with 49 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.33%
Farmers And Merchants Bank Of Long Beach has a below average approval rate.
Pick Rate
Approvals leading to origination79.59%
Farmers And Merchants Bank Of Long Beach has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 49 | $38,345,000 | $782,551 |