Farmers State Bank Of Calhan Mortgage Rates, Fees & Info

Calhan, CO

LEI: 549300575R17XN3DXK30

Tax ID: 84-0200910

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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 markets by origination volume include: Colorado Springs, Denver, and Pueblo among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    50

    Origination Dollar Volume (All Markets)

    $8,380,000

    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) 39 $6,635,000 $170,128 $0 0.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 7 $1,405,000 $200,714 $0 0.00%
    PUEBLO, CO (FHA|USDA|VA) 2 $240,000 $120,000 $0 0.00%
    Outside of Metro Areas 2 $100,000 $50,000 $0 0.00%
    Farmers State Bank Of Calhan's top markets include Colorado Springs, Denver, and Pueblo among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 50 $8,380,000 $167,600 $0 0.00%

    For 2018, Farmers State Bank Of Calhan's most frequently originated type of loan was Conventional, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 24 $5,880,000 $245,000 $0 0.00%
    Cash Out Refi 11 $1,615,000 $146,818 $0 0.00%
    Home Improvement 7 $345,000 $49,286 $0 0.00%
    Refi 5 $385,000 $77,000 $0 0.00%
    Other 3 $155,000 $51,667 $0 0.00%

    For 2018, Farmers State Bank Of Calhan's most frequently cited loan purpose was Home Purchase, with 24 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 50 $8,380,000 $167,600 $0 0.00%

    For 2018, Farmers State Bank Of Calhan's most frequently cited loan duration was Other, with 50 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 25 $1,305,000 $52,200 $0 0.00%
    $100k-200k 12 $1,900,000 $158,333 $0 0.00%
    $200k-400k 11 $3,285,000 $298,636 $0 0.00%
    $1MM+ 1 $1,145,000 $1,145,000 $0 0.00%
    $600k-1MM 1 $745,000 $745,000 $0 0.00%

    2018 saw Farmers State Bank Of Calhan place emphasis on $100,000 or less loans with 25 originations, totaling $1,305,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 12 $1,940,000 $161,667 $0 0.00%
    $250k+ 10 $1,820,000 $182,000 $0 0.00%
    $50k-75k 10 $1,080,000 $108,000 $0 0.00%
    $75k-100k 6 $490,000 $81,667 $0 0.00%
    $150k-250k 5 $885,000 $177,000 $0 0.00%
    $50k or less 3 $105,000 $35,000 $0 0.00%

    Farmers State Bank Of Calhan lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $250k+, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 50 $8,380,000 $167,600 $0 0.00%

    Farmers State Bank Of Calhan lent most frequently to those with DTI ratios of Exempt%, with 50 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 46 $6,320,000 $137,391 $0 0.00%
    Not applicable 4 $2,060,000 $515,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.67%

    Farmers State Bank Of Calhan has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.00%

    Farmers State Bank Of Calhan has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 50 $8,380,000 $167,600

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 14 $1,620,000 $115,714
    Single Family (1-4 Units):Site-Built 36 $6,760,000 $187,778