The Farmers Bank & Savings Company Mortgage Rates, Fees & Info

Pomeroy, OH

LEI: 25490074WALW1U7G4555

Tax ID: 31-4177210

Latest/2023 | 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 and Refi loans. The Farmers Bank & Savings Company has a high proportion of conventional loans. Their top markets by origination volume include: Point Pleasant, Huntington, Marietta, Athens, and Charleston among others. We have data for 9 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.

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.


Originations

189

Origination Dollar Volume (All Markets)

$30,885,000

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
Point Pleasant, WV-OH (FHA|USDA|VA) 82 $10,130,000 $123,537 $0 0.00%
Outside of Metro Areas 59 $8,365,000 $141,780 $0 0.00%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 16 $4,500,000 $281,250 $0 0.00%
Marietta, OH (FHA|USDA|VA) 7 $2,765,000 $395,000 $0 0.00%
Athens, OH (FHA|USDA|VA) 9 $2,325,000 $258,333 $0 0.00%
CHARLESTON, WV (FHA|USDA|VA) 9 $1,785,000 $198,333 $0 0.00%
Jackson, OH (FHA|USDA|VA) 2 $520,000 $260,000 $0 0.00%
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 4 $450,000 $112,500 $0 0.00%
Portsmouth, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
The Farmers Bank & Savings Company's top markets include Point Pleasant, Huntington, Marietta, Athens, and Charleston among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 189 $30,885,000 $163,413 $0 0.00%

    For 2022, The Farmers Bank & Savings Company's most frequently originated type of loan was Conventional, with 189 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 103 $19,875,000 $192,961 $0 0.00%
    Refi 79 $10,295,000 $130,316 $0 0.00%
    Home Improvement 4 $300,000 $75,000 $0 0.00%
    Other 3 $415,000 $138,333 $0 0.00%

    For 2022, The Farmers Bank & Savings Company's most frequently cited loan purpose was Home Purchase, with 103 originations. The 2nd most popular reason was Refi, with 79 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 189 $30,885,000 $163,413 $0 0.00%

    For 2022, The Farmers Bank & Savings Company's most frequently cited loan duration was Other, with 189 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 82 $5,310,000 $64,756 $0 0.00%
    $100k-200k 70 $10,240,000 $146,286 $0 0.00%
    $200k-400k 26 $7,010,000 $269,615 $0 0.00%
    $400k-600k 6 $2,800,000 $466,667 $0 0.00%
    $1MM+ 3 $4,085,000 $1,361,667 $0 0.00%
    $600k-1MM 2 $1,440,000 $720,000 $0 0.00%

    2022 saw The Farmers Bank & Savings Company place emphasis on $100,000 or less loans with 82 originations, totaling $5,310,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 35 $3,905,000 $111,571 $0 0.00%
    $50k or less 35 $2,975,000 $85,000 $0 0.00%
    $100k-150k 32 $5,150,000 $160,938 $0 0.00%
    $75k-100k 28 $3,690,000 $131,786 $0 0.00%
    $150k-250k 17 $3,765,000 $221,471 $0 0.00%
    $250k+ 5 $2,285,000 $457,000 $0 0.00%

    The Farmers Bank & Savings Company lent most frequently to those with incomes in the $50k-75k range, with 35 originations. The second most popular income band? $50k or less, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 189 $30,885,000 $163,413 $0 0.00%

    The Farmers Bank & Savings Company lent most frequently to those with DTI ratios of Exempt%, with 189 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 160 $22,870,000 $142,938 $0 0.00%
    Not applicable 28 $7,770,000 $277,500 $0 0.00%
    Black 1 $245,000 $245,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.14%

    The Farmers Bank & Savings Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.01%

    The Farmers Bank & Savings Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 189 $30,885,000 $163,413

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    189 $30,885,000 $163,413