Farmers And Miners Bank Mortgage Rates, Fees & Info
Pennington Gap, VALEI: 5493001HYUPH0X6FT603
Tax ID: 54-1050774
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Farmers And Miners Bank is a smaller bank specializing in Home Purchase and Refi loans. Farmers And Miners Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kingsport, Big Stone Gap, Lexington, Richmond, and Middlesborough among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Farmers And Miners Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
73Origination Dollar Volume (All Markets)
$9,165,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 45 | $4,295,000 | $95,444 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 8 | $2,780,000 | $347,500 | $0 | 0.00% |
| Big Stone Gap, VA (FHA|USDA|VA) | 14 | $1,010,000 | $72,143 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| Middlesborough, KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 73 | $9,165,000 | $125,548 | $0 | 0.00% |
For 2022, Farmers And Miners Bank's most frequently originated type of loan was Conventional, with 73 originations.
Loan Reason
For 2022, Farmers And Miners Bank's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Refi, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 73 | $9,165,000 | $125,548 | $0 | 0.00% |
For 2022, Farmers And Miners Bank's most frequently cited loan duration was Other, with 73 originations.
Loan Sizing
2022 saw Farmers And Miners Bank place emphasis on $100,000 or less loans with 45 originations, totaling $2,065,000 in origination value.
Applicant Income
Farmers And Miners Bank lent most frequently to those with incomes in the $50k or less range, with 19 originations. The second most popular income band? $150k-250k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 73 | $9,165,000 | $125,548 | $0 | 0.00% |
Farmers And Miners Bank lent most frequently to those with DTI ratios of Exempt%, with 73 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 66 | $8,300,000 | $125,758 | $0 | 0.00% |
| Not applicable | 7 | $865,000 | $123,571 | $0 | 0.00% |
Approval Rates
Total approvals of all applications80.95%
Farmers And Miners Bank has a below average approval rate.
Pick Rate
Approvals leading to origination83.56%
Farmers And Miners Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 73 | $9,165,000 | $125,548 |