Farmers Bank Mortgage Rates, Fees & Info
Greenwood, ARLEI: 5493003L2LYA333BZY52
Tax ID: 71-0054310
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Farmers Bank is a smaller bank specializing in Home Purchase and Refi loans. Farmers Bank has a high proportion of conventional loans. Their top markets by origination volume include: Fort Smith, Little Rock, Tahlequah, and Oklahoma City 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 an average pick rate when compared to similar lenders.
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Originations
66Origination Dollar Volume (All Markets)
$8,670,000Top 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) | 55 | $7,295,000 | $132,636 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $670,000 | $83,750 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (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 | 66 | $8,670,000 | $131,364 | $0 | 0.00% |
For 2024, Farmers Bank's most frequently originated type of loan was Conventional, with 66 originations.
Loan Reason
For 2024, Farmers Bank's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 66 | $8,670,000 | $131,364 | $0 | 0.00% |
For 2024, Farmers Bank's most frequently cited loan duration was Other, with 66 originations.
Loan Sizing
2024 saw Farmers Bank place emphasis on $100,000 or less loans with 37 originations, totaling $1,755,000 in origination value.
Applicant Income
Farmers Bank lent most frequently to those with incomes in the $50k or less range, with 16 originations. The second most popular income band? $100k-150k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 66 | $8,670,000 | $131,364 | $0 | 0.00% |
Farmers Bank lent most frequently to those with DTI ratios of Exempt%, with 66 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications74.23%
Farmers Bank has a below average approval rate.
Pick Rate
Approvals leading to origination90.91%
Farmers Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 66 | $8,670,000 | $131,364 |