Farmers Building And Savings Bank Mortgage Rates, Fees & Info

Rochester, PA

LEI: 254900P8ZH9AQQIA8T88

Tax ID: 25-0471835

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Mortgage Data

Review & Overview

Farmers Building And Savings Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Farmers Building And Savings Bank has a high proportion of conventional loans. Their top two markets are Pittsburgh and New Castle .

Farmers Building And Savings 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

66

Origination Dollar Volume (All Markets)

$10,440,000

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
PITTSBURGH, PA (FHA|USDA|VA) 65 $10,355,000 $159,308 $0 0.00%
New Castle, PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Farmers Building And Savings Bank's top markets include Pittsburgh and New Castle among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 66 $10,440,000 $158,182 $0 0.00%

    For 2023, Farmers Building And Savings Bank's most frequently originated type of loan was Conventional, with 66 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 32 $1,890,000 $59,063 $0 0.00%
    Home Purchase 21 $5,355,000 $255,000 $0 0.00%
    Cash Out Refi 10 $2,240,000 $224,000 $0 0.00%
    Other 2 $360,000 $180,000 $0 0.00%
    Refi 1 $595,000 $595,000 $0 0.00%

    For 2023, Farmers Building And Savings Bank's most frequently cited loan purpose was Home Improvement, with 32 originations. The 2nd most popular reason was Home Purchase, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 66 $10,440,000 $158,182 $0 0.00%

    For 2023, Farmers Building And Savings Bank's most frequently cited loan duration was Other, with 66 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 33 $1,365,000 $41,364 $0 0.00%
    $100k-200k 14 $2,020,000 $144,286 $0 0.00%
    $200k-400k 14 $4,380,000 $312,857 $0 0.00%
    $400k-600k 4 $1,980,000 $495,000 $0 0.00%
    $600k-1MM 1 $695,000 $695,000 $0 0.00%

    2023 saw Farmers Building And Savings Bank place emphasis on $100,000 or less loans with 33 originations, totaling $1,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 17 $4,225,000 $248,529 $0 0.00%
    $50k-75k 17 $1,745,000 $102,647 $0 0.00%
    $100k-150k 15 $2,495,000 $166,333 $0 0.00%
    $50k or less 8 $510,000 $63,750 $0 0.00%
    $75k-100k 7 $825,000 $117,857 $0 0.00%
    $250k+ 2 $640,000 $320,000 $0 0.00%

    Farmers Building And Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 17 originations. The second most popular income band? $50k-75k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 66 $10,440,000 $158,182 $0 0.00%

    Farmers Building And Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 66 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 65 $9,955,000 $153,154 $0 0.00%
    Korean 1 $485,000 $485,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.67%

    Farmers Building And Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.42%

    Farmers Building And Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 66 $10,440,000 $158,182

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    66 $10,440,000 $158,182