First Farmbank Mortgage Rates, Fees & Info

Greeley, CO

LEI: 2549005PYIZHRT9M1C75

Tax ID: 33-1151348

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
  • Complaints
  • 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

    First Farmbank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. First Farmbank has a high proportion of conventional loans. Their top markets by origination volume include: Greeley, Phoenix, Denver, Sterling, and Glenwood Springs among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Farmbank 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    12

    Origination Dollar Volume (All Markets)

    $4,380,000

    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
    GREELEY, CO (FHA|USDA|VA) 4 $2,000,000 $500,000 $0 0.00%
    Outside of Metro Areas 3 $975,000 $325,000 $0 0.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $655,000 $655,000 $0 0.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    Sterling, CO (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    First Farmbank's top markets include Greeley, Phoenix, Denver, Sterling, and Glenwood Springs among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 12 $4,380,000 $365,000 $0 0.00%

    For 2018, First Farmbank's most frequently originated type of loan was Conventional, with 12 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 6 $2,810,000 $468,333 $0 0.00%
    Cash Out Refi 4 $1,180,000 $295,000 $0 0.00%
    Refi 2 $390,000 $195,000 $0 0.00%

    For 2018, First Farmbank's most frequently cited loan purpose was Home Purchase, with 6 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 12 $4,380,000 $365,000 $0 0.00%

    For 2018, First Farmbank's most frequently cited loan duration was Other, with 12 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 4 $670,000 $167,500 $0 0.00%
    $200k-400k 3 $725,000 $241,667 $0 0.00%
    $600k-1MM 2 $1,410,000 $705,000 $0 0.00%
    $100,000 or less 1 $45,000 $45,000 $0 0.00%
    $1MM+ 1 $1,095,000 $1,095,000 $0 0.00%
    $400k-600k 1 $435,000 $435,000 $0 0.00%

    2018 saw First Farmbank place emphasis on $100k-200k loans with 4 originations, totaling $670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 3 $2,285,000 $761,667 $0 0.00%
    $75k-100k 3 $515,000 $171,667 $0 0.00%
    $50k-75k 2 $510,000 $255,000 $0 0.00%
    $100k-150k 1 $155,000 $155,000 $0 0.00%
    $50k or less 1 $45,000 $45,000 $0 0.00%

    First Farmbank lent most frequently to those with incomes in the $250k+ range, with 3 originations. The second most popular income band? $75k-100k, with 3 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 8 $3,310,000 $413,750 $0 0.00%
    Not applicable 2 $870,000 $435,000 $0 0.00%
    Not provided 2 $200,000 $100,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.24%

    First Farmbank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.00%

    First Farmbank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 12 $4,380,000 $365,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $295,000 $295,000
    Single Family (1-4 Units):Site-Built 11 $4,085,000 $371,364

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRSTBANK Other type of mortgage Trouble during payment process 1 33.3%
    FIRSTBANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 33.3%
    FIRSTBANK Conventional home mortgage Closing on a mortgage 1 33.3%