Farmers State Bank Of Calhan Mortgage Rates, Fees & Info

Calhan, CO

LEI: 549300575R17XN3DXK30

Tax ID: 84-0200910

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Mortgage Data

Review & Overview

Farmers State Bank Of Calhan is a smaller bank specializing in Home Purchase loans. Farmers State Bank Of Calhan has a high proportion of conventional loans. Their top two markets are Colorado Springs and Denver .

Farmers State Bank Of Calhan has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

34

Origination Dollar Volume (All Markets)

$7,390,000

Top 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
COLORADO SPRINGS, CO (FHA|USDA|VA) 24 $4,290,000 $178,750 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 10 $3,100,000 $310,000 $0 0.00%
Farmers State Bank Of Calhan's top markets include Colorado Springs and Denver among others.

Their top states include:
  • Colorado (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 34 $7,390,000 $217,353 $0 0.00%

    For 2023, Farmers State Bank Of Calhan's most frequently originated type of loan was Conventional, with 34 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 14 $5,590,000 $399,286 $0 0.00%
    Cash Out Refi 11 $1,175,000 $106,818 $0 0.00%
    Home Improvement 5 $305,000 $61,000 $0 0.00%
    Other 3 $225,000 $75,000 $0 0.00%
    Refi 1 $95,000 $95,000 $0 0.00%

    For 2023, Farmers State Bank Of Calhan's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Cash Out Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 34 $7,390,000 $217,353 $0 0.00%

    For 2023, Farmers State Bank Of Calhan's most frequently cited loan duration was Other, with 34 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 14 $680,000 $48,571 $0 0.00%
    $100k-200k 9 $1,355,000 $150,556 $0 0.00%
    $200k-400k 5 $1,535,000 $307,000 $0 0.00%
    $600k-1MM 4 $2,970,000 $742,500 $0 0.00%
    $400k-600k 2 $850,000 $425,000 $0 0.00%

    2023 saw Farmers State Bank Of Calhan place emphasis on $100,000 or less loans with 14 originations, totaling $680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 9 $705,000 $78,333 $0 0.00%
    $150k-250k 8 $2,040,000 $255,000 $0 0.00%
    $100k-150k 7 $1,175,000 $167,857 $0 0.00%
    $250k+ 6 $3,250,000 $541,667 $0 0.00%
    $50k or less 2 $70,000 $35,000 $0 0.00%
    $75k-100k 2 $150,000 $75,000 $0 0.00%

    Farmers State Bank Of Calhan lent most frequently to those with incomes in the $50k-75k range, with 9 originations. The second most popular income band? $150k-250k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 34 $7,390,000 $217,353 $0 0.00%

    Farmers State Bank Of Calhan lent most frequently to those with DTI ratios of Exempt%, with 34 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 31 $6,925,000 $223,387 $0 0.00%
    Not provided 2 $320,000 $160,000 $0 0.00%
    Japanese 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.50%

    Farmers State Bank Of Calhan has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.12%

    Farmers State Bank Of Calhan has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 34 $7,390,000 $217,353

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    34 $7,390,000 $217,353