The Farmers Bank Of Willards Mortgage Rates, Fees & Info
Willards, MDLEI: 5493005U6VKOSGHRA756
Tax ID: 52-0309468
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Farmers Bank Of Willards is a smaller bank specializing in Home Purchase loans. The Farmers Bank Of Willards has a high proportion of conventional loans. Their top two markets are Salisbury and Cambridge .The Farmers Bank Of Willards 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
228Origination Dollar Volume (All Markets)
$55,250,000Top 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 |
|---|---|---|---|---|---|
| SALISBURY, MD-DE (FHA|USDA|VA) | 221 | $53,655,000 | $242,783 | $0 | 0.00% |
| Cambridge, MD (FHA|USDA|VA) | 5 | $1,405,000 | $281,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $190,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 228 | $55,250,000 | $242,325 | $0 | 0.00% |
For 2022, The Farmers Bank Of Willards's most frequently originated type of loan was Conventional, with 228 originations.
Loan Reason
For 2022, The Farmers Bank Of Willards's most frequently cited loan purpose was Home Purchase, with 166 originations. The 2nd most popular reason was Refi, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 228 | $55,250,000 | $242,325 | $0 | 0.00% |
For 2022, The Farmers Bank Of Willards's most frequently cited loan duration was Other, with 228 originations.
Loan Sizing
2022 saw The Farmers Bank Of Willards place emphasis on $100k-200k loans with 78 originations, totaling $11,340,000 in origination value.
Applicant Income
The Farmers Bank Of Willards lent most frequently to those with incomes in the $100k-150k range, with 40 originations. The second most popular income band? $150k-250k, with 36 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 228 | $55,250,000 | $242,325 | $0 | 0.00% |
The Farmers Bank Of Willards lent most frequently to those with DTI ratios of Exempt%, with 228 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.60%
The Farmers Bank Of Willards has an average approval rate.
Pick Rate
Approvals leading to origination67.98%
The Farmers Bank Of Willards has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 228 | $55,250,000 | $242,325 |