Agcountry Farm Credit Services Flca Mortgage Rates, Fees & Info

Fargo, ND

LEI: 254900ASL383AJ6GSJ43

Tax ID: 45-0455253

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Agcountry Farm Credit Services Flca is a smaller mortgage company specializing in Home Purchase and Refi loans. Agcountry Farm Credit Services Flca has a high proportion of conventional loans. Their top markets by origination volume include: Wausau, Stevens Point, Wisconsin Rapids, Baraboo, and Willmar among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Agcountry Farm Credit Services Flca 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

    68

    Origination Dollar Volume (All Markets)

    $9,890,000

    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
    Outside of Metro Areas 40 $5,850,000 $146,250 $2,208 5.32%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 9 $1,385,000 $153,889 $1,425 5.13%
    Stevens Point, WI (FHA|USDA|VA) 9 $1,025,000 $113,889 $1,200 5.03%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 4 $550,000 $137,500 $1,364 5.15%
    Baraboo, WI (FHA|USDA|VA) 1 $325,000 $325,000 $2,350 5.20%
    Willmar, MN (FHA|USDA|VA) 2 $270,000 $135,000 $2,683 5.18%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $245,000 $245,000 $4,610 5.45%
    EAU CLAIRE, WI (FHA|USDA|VA) 2 $240,000 $120,000 $1,779 5.33%
    Agcountry Farm Credit Services Flca's top markets include Wausau, Stevens Point, Wisconsin Rapids, Baraboo, and Willmar among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 68 $9,890,000 $145,441 $1,960 5.24%

    For 2018, Agcountry Farm Credit Services Flca's most frequently originated type of loan was Conventional, with 68 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 32 $5,050,000 $157,813 $2,168 5.27%
    Refi 15 $2,395,000 $159,667 $1,655 5.28%
    Home Improvement 13 $875,000 $67,308 $1,629 5.14%
    Other 8 $1,570,000 $196,250 $2,238 5.24%

    For 2018, Agcountry Farm Credit Services Flca's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 40 $7,320,000 $183,000 $2,295 5.41%
    15 Year 11 $1,025,000 $93,182 $1,458 5.15%
    20 Year 10 $1,130,000 $113,000 $1,605 5.26%
    10 Year 5 $375,000 $75,000 $1,393 4.65%
    5 Year 2 $40,000 $20,000 $1,219 3.88%

    For 2018, Agcountry Farm Credit Services Flca's most frequently cited loan duration was Other, with 40 originations. The 2nd most popular length was 15 Year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 53 $7,025,000 $132,547
    $1k-2k 13 $2,405,000 $185,000
    $2k-3k 2 $460,000 $230,000

    Agcountry Farm Credit Services Flca's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 53 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 56 $8,730,000 $155,893
    4-5% 10 $1,120,000 $112,000
    3-4% 2 $40,000 $20,000

    During 2018, Agcountry Farm Credit Services Flca's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 56 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 34 $4,770,000 $140,294 $1,932 5.28%
    $100,000 or less 20 $950,000 $47,500 $1,393 5.09%
    $200k-400k 11 $2,875,000 $261,364 $2,790 5.35%
    $400k-600k 3 $1,295,000 $431,667 $3,021 5.47%

    2018 saw Agcountry Farm Credit Services Flca place emphasis on $100k-200k loans with 34 originations, totaling $4,770,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 20 $3,950,000 $197,500 $2,203 5.26%
    $50k-75k 16 $1,680,000 $105,000 $1,511 5.22%
    $50k or less 14 $1,180,000 $84,286 $1,691 5.24%
    $75k-100k 11 $1,745,000 $158,636 $2,207 5.23%
    $150k-250k 6 $1,160,000 $193,333 $2,632 5.26%
    $250k+ 1 $175,000 $175,000 $1,300 5.55%

    Agcountry Farm Credit Services Flca lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $50k-75k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 30 $3,380,000 $112,667 $1,746 5.15%
    30-36% 19 $3,815,000 $200,789 $2,058 5.43%
    <20% 10 $1,170,000 $117,000 $1,929 5.11%
    40% 2 $420,000 $210,000 $4,053 5.33%
    37% 2 $410,000 $205,000 $1,442 5.20%
    >60% 1 $215,000 $215,000 $2,037 5.70%
    36% 1 $145,000 $145,000 $3,340 5.20%
    38% 1 $25,000 $25,000 $1,125 5.15%
    39% 1 $155,000 $155,000 $1,375 5.20%
    42% 1 $155,000 $155,000 $3,640 5.50%

    Agcountry Farm Credit Services Flca lent most frequently to those with DTI ratios of 20-30%, with 30 originations. The next most common DTI ratio? 30-36%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 67 $9,735,000 $145,299 $1,935 5.24%
    Not provided 1 $155,000 $155,000 $3,640 5.50%

    Approval Rates

    Total approvals of all applications
    97.22%

    Agcountry Farm Credit Services Flca has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    45.59%

    Agcountry Farm Credit Services Flca has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 68 $9,890,000 $145,441

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $150,000 $75,000
    Single Family (1-4 Units):Site-Built 66 $9,740,000 $147,576

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $1,335,000 $148,333 $2,484 5.13%
    40-60% 9 $1,165,000 $129,444 $1,757 5.22%
    60-80% 32 $5,700,000 $178,125 $2,006 5.36%
    80-100% 7 $1,135,000 $162,143 $2,101 5.22%
    Under 20% 11 $555,000 $50,455 $1,475 5.03%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Assent Inc. Home equity loan or line of credit (HELOC) Trouble during payment process 1 100.0%