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 and Refi loans. Farmers State Bank Of Calhan has a high proportion of conventional loans. Their top markets by origination volume include: Colorado Springs, Denver, and Cañon City 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 a below average pick rate when compared to similar lenders.

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Originations

54

Origination Dollar Volume (All Markets)

$8,890,000

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) 43 $7,125,000 $165,698 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 7 $1,425,000 $203,571 $0 0.00%
Outside of Metro Areas 3 $255,000 $85,000 $0 0.00%
Cañon City, CO (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Farmers State Bank Of Calhan's top markets include Colorado Springs, Denver, and Cañon City among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 54 $8,890,000 $164,630 $0 0.00%

    For 2019, Farmers State Bank Of Calhan's most frequently originated type of loan was Conventional, with 54 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 25 $5,535,000 $221,400 $0 0.00%
    Refi 18 $2,150,000 $119,444 $0 0.00%
    Home Improvement 6 $380,000 $63,333 $0 0.00%
    Other 5 $825,000 $165,000 $0 0.00%

    For 2019, Farmers State Bank Of Calhan's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 54 $8,890,000 $164,630 $0 0.00%

    For 2019, Farmers State Bank Of Calhan's most frequently cited loan duration was Other, with 54 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 21 $1,225,000 $58,333 $0 0.00%
    $100k-200k 16 $2,320,000 $145,000 $0 0.00%
    $200k-400k 13 $3,525,000 $271,154 $0 0.00%
    $400k-600k 4 $1,820,000 $455,000 $0 0.00%

    2019 saw Farmers State Bank Of Calhan place emphasis on $100,000 or less loans with 21 originations, totaling $1,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $2,375,000 $182,692 $0 0.00%
    $50k or less 9 $725,000 $80,556 $0 0.00%
    $250k+ 7 $1,335,000 $190,714 $0 0.00%
    $50k-75k 7 $855,000 $122,143 $0 0.00%
    $75k-100k 7 $765,000 $109,286 $0 0.00%
    $150k-250k 5 $1,195,000 $239,000 $0 0.00%

    Farmers State Bank Of Calhan lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $50k or less, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 54 $8,890,000 $164,630 $0 0.00%

    Farmers State Bank Of Calhan lent most frequently to those with DTI ratios of Exempt%, with 54 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 49 $7,175,000 $146,429 $0 0.00%
    Not applicable 4 $1,500,000 $375,000 $0 0.00%
    Asian 1 $215,000 $215,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.54%

    Farmers State Bank Of Calhan has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.19%

    Farmers State Bank Of Calhan has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 54 $8,890,000 $164,630

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $105,000 $105,000
    Single Family (1-4 Units):Manufactured 12 $1,260,000 $105,000
    Single Family (1-4 Units):Site-Built 41 $7,525,000 $183,537