Farmers State Bank Mortgage Rates, Fees & Info
Cameron, MOLEI: 54930058F1PNDGW35714
Tax ID: 44-0243090
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Mortgage Data
Review & Overview
Farmers State Bank is a smaller bank specializing in Home Purchase loans. Farmers State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, St. Joseph, and Washington 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 has an 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
140Origination Dollar Volume (All Markets)
$30,230,000Top 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 |
|---|---|---|---|---|---|
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 71 | $16,225,000 | $228,521 | $0 | 0.00% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 47 | $9,745,000 | $207,340 | $0 | 0.00% |
| Outside of Metro Areas | 21 | $4,035,000 | $192,143 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 140 | $30,230,000 | $215,929 | $0 | 0.00% |
For 2023, Farmers State Bank's most frequently originated type of loan was Conventional, with 140 originations.
Loan Reason
For 2023, Farmers State Bank's most frequently cited loan purpose was Home Purchase, with 100 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 140 | $30,230,000 | $215,929 | $0 | 0.00% |
For 2023, Farmers State Bank's most frequently cited loan duration was Other, with 140 originations.
Loan Sizing
2023 saw Farmers State Bank place emphasis on $100k-200k loans with 45 originations, totaling $6,415,000 in origination value.
Applicant Income
Farmers State Bank lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $50k-75k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 140 | $30,230,000 | $215,929 | $0 | 0.00% |
Farmers State Bank lent most frequently to those with DTI ratios of Exempt%, with 140 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.05%
Farmers State Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.29%
Farmers State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 140 | $30,230,000 | $215,929 |