Farmers Building And Savings Bank Mortgage Rates, Fees & Info
Rochester, PALEI: 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
66Origination Dollar Volume (All Markets)
$10,440,000Top 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 |
|---|---|---|---|---|---|
| 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% |
Their top states include:
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
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
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
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 applications94.67%
Farmers Building And Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination92.42%
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 |