Farmers National Bank Mortgage Rates, Fees & Info
Prophetstown, ILLEI: 254900LD3DEBFTITLD76
Tax ID: 36-1060090
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Farmers National Bank is a smaller bank specializing in Home Purchase loans. Farmers National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Davenport, Sterling, Peoria, Ottawa, and Iowa City among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Farmers National Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
137Origination Dollar Volume (All Markets)
$15,145,000Top 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 |
|---|---|---|---|---|---|
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 50 | $6,360,000 | $127,200 | $0 | 0.00% |
| Sterling, IL (FHA|USDA|VA) | 68 | $6,330,000 | $93,088 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $950,000 | $118,750 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Rochelle, IL (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| Galesburg, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Dixon, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 137 | $15,145,000 | $110,547 | $0 | 0.00% |
For 2022, Farmers National Bank's most frequently originated type of loan was Conventional, with 137 originations.
Loan Reason
For 2022, Farmers National Bank's most frequently cited loan purpose was Home Purchase, with 73 originations. The 2nd most popular reason was Cash Out Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 137 | $15,145,000 | $110,547 | $0 | 0.00% |
For 2022, Farmers National Bank's most frequently cited loan duration was Other, with 137 originations.
Loan Sizing
2022 saw Farmers National Bank place emphasis on $100,000 or less loans with 69 originations, totaling $3,915,000 in origination value.
Applicant Income
Farmers National Bank lent most frequently to those with incomes in the $50k or less range, with 41 originations. The second most popular income band? $50k-75k, with 36 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 137 | $15,145,000 | $110,547 | $0 | 0.00% |
Farmers National Bank lent most frequently to those with DTI ratios of Exempt%, with 137 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 134 | $14,880,000 | $111,045 | $0 | 0.00% |
| Not applicable | 3 | $265,000 | $88,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.30%
Farmers National 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 origination94.89%
Farmers National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 137 | $15,145,000 | $110,547 |