Farmers And Merchants Bank Of St. Clair Mortgage Rates, Fees & Info
Saint Clair, MOLEI: 5493001IZBTDOCW8MX74
Tax ID: 43-0266000
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Farmers And Merchants Bank Of St. Clair is a smaller bank specializing in Home Purchase loans. Farmers And Merchants Bank Of St. Clair has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Branson, Lebanon, and Cape Girardeau among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Farmers And Merchants Bank Of St. Clair has an above 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
103Origination Dollar Volume (All Markets)
$20,675,000Top 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 97 | $19,485,000 | $200,876 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 0.00% |
| Lebanon, MO (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $125,000 | $125,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Farmers and Merchants Bank of St. Clair based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 103 | $20,675,000 | $200,728 | $0 | 0.00% |
For 2023, Farmers And Merchants Bank Of St. Clair's most frequently originated type of loan was Conventional, with 103 originations.
Loan Reason
For 2023, Farmers And Merchants Bank Of St. Clair's most frequently cited loan purpose was Home Purchase, with 71 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 103 | $20,675,000 | $200,728 | $0 | 0.00% |
For 2023, Farmers And Merchants Bank Of St. Clair's most frequently cited loan duration was Other, with 103 originations.
Loan Sizing
2023 saw Farmers And Merchants Bank Of St. Clair place emphasis on $100,000 or less loans with 34 originations, totaling $1,960,000 in origination value.
Applicant Income
Farmers And Merchants Bank Of St. Clair lent most frequently to those with incomes in the $100k-150k range, with 18 originations. The second most popular income band? $50k-75k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 103 | $20,675,000 | $200,728 | $0 | 0.00% |
Farmers And Merchants Bank Of St. Clair lent most frequently to those with DTI ratios of Exempt%, with 103 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 74 | $13,920,000 | $188,108 | $0 | 0.00% |
| Not applicable | 29 | $6,755,000 | $232,931 | $0 | 0.00% |
Approval Rates
Total approvals of all applications92.59%
Farmers And Merchants Bank Of St. Clair has an average approval rate.
Pick Rate
Approvals leading to origination80.58%
Farmers And Merchants Bank Of St. Clair has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 103 | $20,675,000 | $200,728 |