Farmers Bank Mortgage Rates, Fees & Info
Buhl, IDLEI: 254900GRNKKCY7NMXC23
Tax ID: 82-0118025
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Mortgage Data
Review & Overview
Farmers Bank is a smaller bank specializing in Cash Out Refi and Home Purchase loans. Farmers Bank has a high proportion of conventional loans. Their top markets by origination volume include: Twin Falls, Hailey, Boise City, and Burley among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Farmers Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
44Origination Dollar Volume (All Markets)
$9,490,000Top 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 |
|---|---|---|---|---|---|
| TWIN FALLS, ID (FHA|USDA|VA) | 27 | $4,205,000 | $155,741 | $1,368 | 8.23% |
| Hailey, ID (FHA|USDA|VA) | 5 | $2,625,000 | $525,000 | $1,955 | 8.00% |
| Outside of Metro Areas | 10 | $2,350,000 | $235,000 | $1,897 | 8.18% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 7.75% |
| Burley, ID (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 44 | $9,490,000 | $215,682 | $1,560 | 8.18% |
For 2024, Farmers Bank's most frequently originated type of loan was Conventional, with 44 originations.
Loan Reason
For 2024, Farmers Bank's most frequently cited loan purpose was Cash Out Refi, with 22 originations. The 2nd most popular reason was Home Purchase, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 26 | $4,060,000 | $156,154 | $1,588 | 8.39% |
| 10 Year | 15 | $4,825,000 | $321,667 | $0 | 7.92% |
| 5 Year | 3 | $605,000 | $201,667 | $866 | 7.67% |
For 2024, Farmers Bank's most frequently cited loan duration was Other, with 26 originations. The 2nd most popular length was 10 Year, with 15 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 27 | $3,985,000 | $147,593 |
Farmers Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 27 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 30 | $3,910,000 | $130,333 |
| 7-8% | 13 | $4,945,000 | $380,385 |
| 6-7% | 1 | $635,000 | $635,000 |
During 2024, Farmers Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 30 originations.
Loan Sizing
2024 saw Farmers Bank place emphasis on $100,000 or less loans with 21 originations, totaling $1,305,000 in origination value.
Applicant Income
Farmers Bank lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $100k-150k, with 8 originations.
Applicant Debt to Income Ratio
Farmers Bank lent most frequently to those with DTI ratios of 50-60%, with 8 originations. The next most common DTI ratio? 20-30%, with 7 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.45%
Farmers Bank has an average approval rate.
Pick Rate
Approvals leading to origination93.18%
Farmers Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 117.0 | 1 | $375,000 | $375,000 |
| NA | 43 | $9,115,000 | $211,977 |