Farmers State Bank Of Calhan Mortgage Rates, Fees & Info
Calhan, COLEI: 549300575R17XN3DXK30
Tax ID: 84-0200910
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
34Origination Dollar Volume (All Markets)
$7,390,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
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
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
Approval Rates
Total approvals of all applications92.50%
Farmers State Bank Of Calhan has an average approval rate.
Pick Rate
Approvals leading to origination94.12%
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 |