F & M Community Bank Mortgage Rates, Fees & Info
Preston, MNLEI: 2549008O36ZLTWMCKU62
Tax ID: 41-0249780
Latest/2023 | 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 Cash Out Refi loans. F & M Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Breckenridge, Minneapolis, Eau Claire, and Winona 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
81Origination Dollar Volume (All Markets)
$22,755,000Top 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) | 71 | $18,445,000 | $259,789 | $0 | 0.00% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $2,635,000 | $2,635,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 0.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Winona, MN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Austin, MN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 81 | $22,755,000 | $280,926 | $0 | 0.00% |
For 2023, F & M Community Bank's most frequently originated type of loan was Conventional, with 81 originations.
Loan Reason
For 2023, F & M Community Bank's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 81 | $22,755,000 | $280,926 | $0 | 0.00% |
For 2023, F & M Community Bank's most frequently cited loan duration was Other, with 81 originations.
Loan Sizing
2023 saw F & M Community Bank place emphasis on $200k-400k loans with 29 originations, totaling $7,775,000 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 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 81 | $22,755,000 | $280,926 | $0 | 0.00% |
F & M Community Bank lent most frequently to those with DTI ratios of Exempt%, with 81 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.79%
F & M Community Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.65%
F & M Community Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 81 | $22,755,000 | $280,926 |