Farmers Bank Mortgage Rates, Fees & Info
Greenwood, ARLEI: 5493003L2LYA333BZY52
Tax ID: 71-0054310
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Mortgage Data
Review & Overview
Farmers Bank is a smaller bank specializing in Home Purchase loans. Farmers Bank has a high proportion of conventional loans. Their top markets by origination volume include: Fort Smith, Kansas City, Fayetteville, and Arkadelphia among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Farmers 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
77Origination Dollar Volume (All Markets)
$12,375,000Top 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 |
|---|---|---|---|---|---|
| FORT SMITH, AR-OK (FHA|USDA|VA) | 64 | $10,290,000 | $160,781 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $1,200,000 | $120,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Arkadelphia, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 77 | $12,375,000 | $160,714 | $0 | 0.00% |
For 2023, Farmers Bank's most frequently originated type of loan was Conventional, with 77 originations.
Loan Reason
For 2023, Farmers Bank's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Home Improvement, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 77 | $12,375,000 | $160,714 | $0 | 0.00% |
For 2023, Farmers Bank's most frequently cited loan duration was Other, with 77 originations.
Loan Sizing
2023 saw Farmers Bank place emphasis on $100,000 or less loans with 41 originations, totaling $2,155,000 in origination value.
Applicant Income
Farmers Bank lent most frequently to those with incomes in the $100k-150k range, with 17 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% | 77 | $12,375,000 | $160,714 | $0 | 0.00% |
Farmers Bank lent most frequently to those with DTI ratios of Exempt%, with 77 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications74.56%
Farmers Bank has a below average approval rate.
Pick Rate
Approvals leading to origination89.61%
Farmers Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 77 | $12,375,000 | $160,714 |