Agcountry Farm Credit Services Flca Mortgage Rates, Fees & Info
Fargo, NDLEI: 254900ASL383AJ6GSJ43
Tax ID: 45-0455253
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Mortgage Data
Review & Overview
Agcountry Farm Credit Services Flca is a smaller mortgage company specializing in Home Purchase loans. Agcountry Farm Credit Services Flca has a high proportion of conventional loans. Their top markets by origination volume include: Wausau, Alexandria, Jamestown, Fergus Falls, and Stevens Point among others. We have data for 18 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
137Origination Dollar Volume (All Markets)
$32,635,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 83 | $17,655,000 | $212,711 | $4,097 | 7.38% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 11 | $2,615,000 | $237,727 | $4,079 | 7.20% |
| Alexandria, MN (FHA|USDA|VA) | 6 | $2,460,000 | $410,000 | $6,232 | 7.38% |
| Jamestown, ND (FHA|USDA|VA) | 3 | $1,955,000 | $651,667 | $6,038 | 7.58% |
| Fergus Falls, MN (FHA|USDA|VA) | 6 | $1,510,000 | $251,667 | $4,450 | 7.36% |
| Stevens Point, WI (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $3,265 | 7.26% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 7 | $995,000 | $142,143 | $2,691 | 7.06% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $5,525 | 7.43% |
| Watertown, SD (FHA|USDA|VA) | 1 | $935,000 | $935,000 | $11,959 | 6.80% |
| Willmar, MN (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,981 | 7.15% |
| Shawano, WI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,983 | 7.25% |
| Marshall, MN (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,190 | 7.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,810 | 7.05% |
| Wahpeton, ND-MN (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,713 | 7.25% |
| Hutchinson, MN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,115 | 8.15% |
| Aberdeen, SD (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,290 | 7.70% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,505 | 6.85% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,840 | 7.10% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 137 | $32,635,000 | $238,212 | $4,207 | 7.33% |
For 2023, Agcountry Farm Credit Services Flca's most frequently originated type of loan was Conventional, with 137 originations.
Loan Reason
For 2023, Agcountry Farm Credit Services Flca's most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Refi, with 35 originations.
Loan Duration/Length
For 2023, Agcountry Farm Credit Services Flca's most frequently cited loan duration was Other, with 113 originations. The 2nd most popular length was 20 Year, with 12 originations.
Origination Fees/Closing Costs
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-2k bucket, with 51 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 92 | $22,750,000 | $247,283 |
| 6-7% | 37 | $8,085,000 | $218,514 |
| Over 8% | 8 | $1,800,000 | $225,000 |
During 2023, Agcountry Farm Credit Services Flca's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 92 originations.
Loan Sizing
2023 saw Agcountry Farm Credit Services Flca place emphasis on $200k-400k loans with 49 originations, totaling $13,885,000 in origination value.
Applicant Income
Agcountry Farm Credit Services Flca lent most frequently to those with incomes in the $100k-150k range, with 39 originations. The second most popular income band? $150k-250k, with 28 originations.
Applicant Debt to Income Ratio
Agcountry Farm Credit Services Flca lent most frequently to those with DTI ratios of 20-30%, with 43 originations. The next most common DTI ratio? <20%, with 42 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 134 | $31,710,000 | $236,642 | $4,171 | 7.33% |
| Not provided | 3 | $925,000 | $308,333 | $5,817 | 7.52% |
Approval Rates
Total approvals of all applications97.50%
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 origination88.32%
Agcountry Farm Credit Services Flca has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 137 | $32,635,000 | $238,212 |