Farmers Bank Mortgage Rates, Fees & Info
Greenwood, ARLEI: 5493003L2LYA333BZY52
Tax ID: 71-0054310
Latest/2023 | 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, Fayetteville, Austin, and Little Rock 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
155Origination Dollar Volume (All Markets)
$29,475,000Top 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) | 134 | $24,110,000 | $179,925 | $0 | 0.00% |
| Outside of Metro Areas | 17 | $3,365,000 | $197,941 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $1,080,000 | $540,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 155 | $29,475,000 | $190,161 | $0 | 0.00% |
For 2022, Farmers Bank's most frequently originated type of loan was Conventional, with 155 originations.
Loan Reason
For 2022, Farmers Bank's most frequently cited loan purpose was Home Purchase, with 93 originations. The 2nd most popular reason was Refi, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 155 | $29,475,000 | $190,161 | $0 | 0.00% |
For 2022, Farmers Bank's most frequently cited loan duration was Other, with 155 originations.
Loan Sizing
2022 saw Farmers Bank place emphasis on $100,000 or less loans with 64 originations, totaling $4,060,000 in origination value.
Applicant Income
Farmers Bank lent most frequently to those with incomes in the $75k-100k range, with 28 originations. The second most popular income band? $50k or less, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 155 | $29,475,000 | $190,161 | $0 | 0.00% |
Farmers Bank lent most frequently to those with DTI ratios of Exempt%, with 155 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.16%
Farmers Bank has a below average approval rate.
Pick Rate
Approvals leading to origination90.32%
Farmers Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 155 | $29,475,000 | $190,161 |