The Farmers Bank & Savings Company Mortgage Rates, Fees & Info
Pomeroy, OHLEI: 25490074WALW1U7G4555
Tax ID: 31-4177210
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
The Farmers Bank & Savings Company is a smaller bank specializing in Home Purchase loans. The Farmers Bank & Savings Company has a high proportion of conventional loans. Their top markets by origination volume include: Point Pleasant, Huntington, Athens, Charleston, and Parkersburg among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)The Farmers Bank & Savings Company 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. The Farmers Bank & Savings Company is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.51% | 4/19/25 |
| 30 Year Conventional Refi | 7.20% | 4/19/25 |
| 30 Year Cash-out Refi | 7.25% | 4/19/25 |
| 30 Year FHA Purchase | 6.72% | 4/19/25 |
| 30 Year USDA Purchase | 6.72% | 4/19/25 |
| 15 Year Conventional Purchase | 10.00% | 4/19/25 |
| 15 Year Conventional Refi | 8.15% | 4/19/25 |
| 15 Year Cash-out Refi | 8.15% | 4/19/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
The Farmers Bank & Savings Company Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from The Farmers Bank & Savings Company. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
111Origination Dollar Volume (All Markets)
$16,295,000Awards
The Farmers Bank & Savings Company - 2023
The Farmers Bank & Savings Company is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
Work for The Farmers Bank & Savings Company?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 |
|---|---|---|---|---|---|
| Point Pleasant, WV-OH (FHA|USDA|VA) | 52 | $7,520,000 | $144,615 | $2,763 | 8.99% |
| Outside of Metro Areas | 40 | $5,200,000 | $130,000 | $2,500 | 8.39% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 5 | $1,125,000 | $225,000 | $2,486 | 8.97% |
| Athens, OH (FHA|USDA|VA) | 5 | $765,000 | $153,000 | $2,758 | 8.90% |
| CHARLESTON, WV (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $2,558 | 8.67% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $5,947 | 6.25% |
| Marietta, OH (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $2,326 | 8.50% |
| Jackson, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,671 | 9.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against The Farmers Bank & Savings Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 30
Similarity Rank: 260
Similarity Rank: 1836
Similarity Rank: 6860
Similarity Rank: 7656
Similarity Rank: 8352
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 109 | $16,195,000 | $148,578 | $2,657 | 8.71% |
| HELOC | 2 | $100,000 | $50,000 | n/a | 9.50% |
For 2023, The Farmers Bank & Savings Company's most frequently originated type of loan was Conventional, with 109 originations. Their 2nd most popular type was HELOC, with 2 originations.
Loan Reason
For 2023, The Farmers Bank & Savings Company's most frequently cited loan purpose was Home Purchase, with 72 originations. The 2nd most popular reason was Refi, with 23 originations.
Loan Duration/Length
For 2023, The Farmers Bank & Savings Company's most frequently cited loan duration was 20 Year, with 34 originations. The 2nd most popular length was 30 Year, with 27 originations.
Origination Fees/Closing Costs
The Farmers Bank & Savings Company's average total fees were $2,492, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 43 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 67 | $9,345,000 | $139,478 |
| 7-8% | 35 | $5,075,000 | $145,000 |
| 6-7% | 8 | $1,830,000 | $228,750 |
During 2023, The Farmers Bank & Savings Company's average interest rate for loans was 8.51%, while their most frequently originated rate bucket for loans was Over 8%, with 67 originations.
Loan Sizing
2023 saw The Farmers Bank & Savings Company place emphasis on $100,000 or less loans with 64 originations, totaling $3,750,000 in origination value.
Applicant Income
The Farmers Bank & Savings Company lent most frequently to those with incomes in the $50k or less range, with 23 originations. The second most popular income band? $75k-100k, with 22 originations.
Applicant Debt to Income Ratio
The Farmers Bank & Savings Company lent most frequently to those with DTI ratios of 20-30%, with 21 originations. The next most common DTI ratio? 30-36%, with 20 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.02%
The Farmers Bank & Savings Company has a below average approval rate.
Pick Rate
Approvals leading to origination77.48%
The Farmers Bank & Savings Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 111 | $16,295,000 | $146,802 |