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 loans. F & M Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Winona, Minneapolis, Austin, and Red Wing among others. We have data for 9 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
92Origination Dollar Volume (All Markets)
$18,560,000Top 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) | 78 | $15,950,000 | $204,487 | $0 | 0.00% |
| Winona, MN (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 0.00% |
| Austin, MN (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 0.00% |
| Red Wing, MN (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 92 | $18,560,000 | $201,739 | $0 | 0.00% |
For 2022, F & M Community Bank's most frequently originated type of loan was Conventional, with 92 originations.
Loan Reason
For 2022, F & M Community Bank's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Cash Out Refi, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 92 | $18,560,000 | $201,739 | $0 | 0.00% |
For 2022, F & M Community Bank's most frequently cited loan duration was Other, with 92 originations.
Loan Sizing
2022 saw F & M Community Bank place emphasis on $200k-400k loans with 31 originations, totaling $9,015,000 in origination value.
Applicant Income
F & M Community Bank lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $50k or less, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 92 | $18,560,000 | $201,739 | $0 | 0.00% |
F & M Community Bank lent most frequently to those with DTI ratios of Exempt%, with 92 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.22%
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 origination86.96%
F & M Community Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 92 | $18,560,000 | $201,739 |