Farmers Trust And Savings Bank Mortgage Rates, Fees & Info
Harlan, IALEI: 254900JBS4I4F2PTVN03
Tax ID: 42-0247800
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Mortgage Data
Review & Overview
Farmers Trust And Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Farmers Trust And Savings Bank has a high proportion of conventional loans. Their top (well, only) market is Omaha.Farmers Trust And Savings Bank has an above average approval rate when compared to the average across all lenders.
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Originations
27Origination Dollar Volume (All Markets)
$2,635,000Top 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 | 17 | $1,495,000 | $87,941 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 10 | $1,140,000 | $114,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 27 | $2,635,000 | $97,593 | $0 | 0.00% |
For 2023, Farmers Trust And Savings Bank's most frequently originated type of loan was Conventional, with 27 originations.
Loan Reason
For 2023, Farmers Trust And Savings Bank's most frequently cited loan purpose was Home Purchase, with 11 originations. The 2nd most popular reason was Home Improvement, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 27 | $2,635,000 | $97,593 | $0 | 0.00% |
For 2023, Farmers Trust And Savings Bank's most frequently cited loan duration was Other, with 27 originations.
Loan Sizing
2023 saw Farmers Trust And Savings Bank place emphasis on $100,000 or less loans with 18 originations, totaling $630,000 in origination value.
Applicant Income
Farmers Trust And Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $150k-250k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 27 | $2,635,000 | $97,593 | $0 | 0.00% |
Farmers Trust And Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 27 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 23 | $2,515,000 | $109,348 | $0 | 0.00% |
| Not applicable | 4 | $120,000 | $30,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications96.43%
Farmers Trust And Savings 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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 27 | $2,635,000 | $97,593 |