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 Cash Out Refi, Other, 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
58Origination Dollar Volume (All Markets)
$9,290,000Top 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) | 57 | $9,015,000 | $158,158 | $0 | 0.00% |
| New Castle, PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 58 | $9,290,000 | $160,172 | $0 | 0.00% |
For 2019, Farmers Building And Savings Bank's most frequently originated type of loan was Conventional, with 58 originations.
Loan Reason
For 2019, Farmers Building And Savings Bank's most frequently cited loan purpose was Cash Out Refi, with 27 originations. The 2nd most popular reason was Other, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 58 | $9,290,000 | $160,172 | $0 | 0.00% |
For 2019, Farmers Building And Savings Bank's most frequently cited loan duration was Other, with 58 originations.
Loan Sizing
2019 saw Farmers Building And Savings Bank place emphasis on $100,000 or less loans with 23 originations, totaling $1,245,000 in origination value.
Applicant Income
Farmers Building And Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 15 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% | 58 | $9,290,000 | $160,172 | $0 | 0.00% |
Farmers Building And Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 58 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 58 | $9,290,000 | $160,172 | $0 | 0.00% |
Approval Rates
Total approvals of all applications95.08%
Farmers Building 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 | 58 | $9,290,000 | $160,172 |