Farmers State Bank Of Danforth Mortgage Rates, Fees & Info
Danforth, ILLEI: 2549006REJY4ZMWEKV27
Tax ID: 37-0269920
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Mortgage Data
Review & Overview
Farmers State Bank Of Danforth is a smaller bank specializing in Home Purchase loans. Farmers State Bank Of Danforth has a high proportion of conventional loans. Their top markets by origination volume include: Kankakee, St. Louis, Chicago, Pontiac, and Lincoln among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Farmers State Bank Of Danforth 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
73Origination Dollar Volume (All Markets)
$5,425,000Top 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 |
|---|---|---|---|---|---|
| KANKAKEE, IL (FHA|USDA|VA) | 57 | $4,115,000 | $72,193 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $785,000 | $87,222 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| Pontiac, IL (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| Lincoln, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 73 | $5,425,000 | $74,315 | $0 | 0.00% |
For 2018, Farmers State Bank Of Danforth's most frequently originated type of loan was Conventional, with 73 originations.
Loan Reason
For 2018, Farmers State Bank Of Danforth's most frequently cited loan purpose was Home Purchase, with 43 originations. The 2nd most popular reason was Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 73 | $5,425,000 | $74,315 | $0 | 0.00% |
For 2018, Farmers State Bank Of Danforth's most frequently cited loan duration was Other, with 73 originations.
Loan Sizing
2018 saw Farmers State Bank Of Danforth place emphasis on $100,000 or less loans with 56 originations, totaling $2,710,000 in origination value.
Applicant Income
Farmers State Bank Of Danforth lent most frequently to those with incomes in the $50k or less range, with 24 originations. The second most popular income band? $50k-75k, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 73 | $5,425,000 | $74,315 | $0 | 0.00% |
Farmers State Bank Of Danforth lent most frequently to those with DTI ratios of Exempt%, with 73 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 64 | $5,060,000 | $79,063 | $0 | 0.00% |
| Black | 6 | $190,000 | $31,667 | $0 | 0.00% |
| Not applicable | 3 | $175,000 | $58,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications78.95%
Farmers State Bank Of Danforth has a below average approval rate.
Pick Rate
Approvals leading to origination76.71%
Farmers State Bank Of Danforth has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 73 | $5,425,000 | $74,315 |