Farmers Building And Savings Bank Mortgage Rates, Fees & Info

Rochester, PA

LEI: 254900P8ZH9AQQIA8T88

Tax ID: 25-0471835

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Farmers Building And Savings Bank is a smaller bank specializing in Home Improvement and Home Purchase 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.

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    Originations

    60

    Origination Dollar Volume (All Markets)

    $7,070,000

    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) 58 $6,810,000 $117,414 $0 0.00%
    New Castle, PA (FHA|USDA|VA) 2 $260,000 $130,000 $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 60 $7,070,000 $117,833 $0 0.00%

    For 2018, Farmers Building And Savings Bank's most frequently originated type of loan was Conventional, with 60 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 42 $4,720,000 $112,381 $0 0.00%
    Home Purchase 14 $1,930,000 $137,857 $0 0.00%
    Refi 4 $420,000 $105,000 $0 0.00%

    For 2018, Farmers Building And Savings Bank's most frequently cited loan purpose was Home Improvement, with 42 originations. The 2nd most popular reason was Home Purchase, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 60 $7,070,000 $117,833 $0 0.00%

    For 2018, Farmers Building And Savings Bank's most frequently cited loan duration was Other, with 60 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 29 $4,125,000 $142,241 $0 0.00%
    $100,000 or less 24 $1,200,000 $50,000 $0 0.00%
    $200k-400k 7 $1,745,000 $249,286 $0 0.00%

    2018 saw Farmers Building And Savings Bank place emphasis on $100k-200k loans with 29 originations, totaling $4,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 18 $1,610,000 $89,444 $0 0.00%
    $50k-75k 13 $1,645,000 $126,538 $0 0.00%
    $100k-150k 10 $1,460,000 $146,000 $0 0.00%
    $75k-100k 8 $600,000 $75,000 $0 0.00%
    $150k-250k 7 $1,255,000 $179,286 $0 0.00%
    $250k+ 4 $500,000 $125,000 $0 0.00%

    Farmers Building And Savings Bank lent most frequently to those with incomes in the $50k or less range, with 18 originations. The second most popular income band? $50k-75k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 60 $7,070,000 $117,833 $0 0.00%

    Farmers Building And Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 60 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 60 $7,070,000 $117,833 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.75%

    Farmers Building And Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 60 $7,070,000 $117,833

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 60 $7,070,000 $117,833