F & M Community Bank Mortgage Rates, Fees & Info
Preston, MNLEI: 2549008O36ZLTWMCKU62
Tax ID: 41-0249780
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
F & M Community Bank is a smaller bank specializing in Home Purchase and Refi loans. F & M Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Brainerd, Minneapolis, Winona, and Red Wing among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)F & M Community Bank has an above 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
63Origination Dollar Volume (All Markets)
$11,925,000Top 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 |
|---|---|---|---|---|---|
| ROCHESTER, MN (FHA|USDA|VA) | 48 | $7,820,000 | $162,917 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $0 | 0.00% |
| Winona, MN (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $0 | 0.00% |
| Red Wing, MN (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $530,000 | $132,500 | $0 | 0.00% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Albert Lea, MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 63 | $11,925,000 | $189,286 | $0 | 0.00% |
For 2024, F & M Community Bank's most frequently originated type of loan was Conventional, with 63 originations.
Loan Reason
For 2024, F & M Community Bank's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 63 | $11,925,000 | $189,286 | $0 | 0.00% |
For 2024, F & M Community Bank's most frequently cited loan duration was Other, with 63 originations.
Loan Sizing
2024 saw F & M Community Bank place emphasis on $100,000 or less loans with 22 originations, totaling $1,300,000 in origination value.
Applicant Income
F & M Community Bank lent most frequently to those with incomes in the $150k-250k range, with 18 originations. The second most popular income band? $100k-150k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 63 | $11,925,000 | $189,286 | $0 | 0.00% |
F & M Community Bank lent most frequently to those with DTI ratios of Exempt%, with 63 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 59 | $11,415,000 | $193,475 | $0 | 0.00% |
| Not applicable | 4 | $510,000 | $127,500 | $0 | 0.00% |
Approval Rates
Total approvals of all applications94.67%
F & M Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination87.30%
F & M Community Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 63 | $11,925,000 | $189,286 |