Farm Credit Mid-america Aca Mortgage Rates, Fees & Info

Louisville, KY

LEI: 5493006JISETNI0GLE61

Tax ID: 61-1355156

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

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Mortgage Data

Review & Overview

Farm Credit Mid-america Aca is a smaller mortgage company specializing in Home Purchase loans. Farm Credit Mid-america Aca has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Indianapolis, Cincinnati, Columbus, and Cleveland among others. We have data for 136 markets. (Some data included below & more in-depth data is available with an active subscription.)

Farm Credit Mid-america Aca 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. Farm Credit Mid-america Aca is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.99% 3/24/24
30 Year Conventional Refi 6.99% 3/24/24
15 Year Conventional Purchase 6.92% 3/24/24
15 Year Conventional Refi 6.73% 3/24/24
15 Year Cash-out Refi 6.73% 3/24/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Farm Credit Mid-america Aca Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Farm Credit Mid-america Aca. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,994

Origination Dollar Volume (All Markets)

$449,910,000

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
Outside of Metro Areas 415 $77,165,000 $185,940 $6,751 5.32%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 188 $58,430,000 $310,798 $9,565 5.29%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 85 $22,275,000 $262,059 $8,228 5.36%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 68 $18,770,000 $276,029 $8,488 5.27%
COLUMBUS, OH (FHA|USDA|VA) 56 $14,860,000 $265,357 $8,474 5.18%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 53 $13,345,000 $251,792 $8,888 5.25%
KNOXVILLE, TN (FHA|USDA|VA) 47 $12,865,000 $273,723 $8,809 5.18%
LOUISVILLE, KY (FHA|USDA|VA) 44 $10,930,000 $248,409 $6,820 5.27%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 22 $9,470,000 $430,455 $10,062 5.09%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 29 $6,965,000 $240,172 $8,924 5.18%
DAYTON-KETTERING, OH (FHA|USDA|VA) 25 $6,305,000 $252,200 $10,361 5.20%
MORRISTOWN, TN (FHA|USDA|VA) 25 $5,455,000 $218,200 $7,108 5.32%
CANTON-MASSILLON, OH (FHA|USDA|VA) 34 $5,400,000 $158,824 $6,665 5.41%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 32 $5,290,000 $165,313 $7,150 5.49%
Cookeville, TN (FHA|USDA|VA) 21 $5,195,000 $247,381 $8,685 5.52%
Lewisburg, TN (FHA|USDA|VA) 18 $5,170,000 $287,222 $9,906 5.27%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 18 $4,630,000 $257,222 $9,588 5.34%
Wooster, OH (FHA|USDA|VA) 28 $4,530,000 $161,786 $6,116 5.11%
JOHNSON CITY, TN (FHA|USDA|VA) 24 $4,280,000 $178,333 $7,626 5.48%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 21 $3,995,000 $190,238 $8,353 5.37%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 22 $3,910,000 $177,727 $6,065 5.28%
Shelbyville, TN (FHA|USDA|VA) 15 $3,805,000 $253,667 $12,258 5.37%
Richmond-Berea, KY (FHA|USDA|VA) 2 $3,650,000 $1,825,000 $8,292 5.10%
Salem, OH (FHA|USDA|VA) 17 $3,405,000 $200,294 $8,407 5.45%
Tullahoma-Manchester, TN (FHA|USDA|VA) 13 $3,395,000 $261,154 $10,453 5.24%
Sevierville, TN (FHA|USDA|VA) 10 $3,370,000 $337,000 $5,173 5.23%
Bardstown, KY (FHA|USDA|VA) 14 $3,220,000 $230,000 $5,605 5.25%
New Philadelphia-Dover, OH (FHA|USDA|VA) 14 $3,200,000 $228,571 $8,646 5.30%
Lawrenceburg, TN (FHA|USDA|VA) 18 $3,160,000 $175,556 $8,120 5.13%
FORT WAYNE, IN (FHA|USDA|VA) 17 $3,145,000 $185,000 $4,642 5.14%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 8 $3,110,000 $388,750 $11,860 5.02%
Cambridge, OH (FHA|USDA|VA) 18 $3,080,000 $171,111 $6,334 5.34%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 18 $3,020,000 $167,778 $5,591 5.22%
Greeneville, TN (FHA|USDA|VA) 16 $2,770,000 $173,125 $6,411 5.48%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 15 $2,725,000 $181,667 $7,419 5.41%
Bellefontaine, OH (FHA|USDA|VA) 19 $2,705,000 $142,368 $6,283 5.35%
Crossville, TN (FHA|USDA|VA) 10 $2,700,000 $270,000 $9,403 5.26%
OWENSBORO, KY (FHA|USDA|VA) 18 $2,620,000 $145,556 $4,946 5.68%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 15 $2,615,000 $174,333 $5,978 5.12%
COLUMBUS, IN (FHA|USDA|VA) 8 $2,460,000 $307,500 $6,669 5.03%
KOKOMO, IN (FHA|USDA|VA) 13 $2,415,000 $185,769 $7,023 5.50%
TERRE HAUTE, IN (FHA|USDA|VA) 16 $2,380,000 $148,750 $5,602 5.45%
EVANSVILLE, IN-KY (FHA|USDA|VA) 12 $2,330,000 $194,167 $6,753 5.28%
WHEELING, WV-OH (FHA|USDA|VA) 10 $2,330,000 $233,000 $7,570 5.00%
AKRON, OH (FHA|USDA|VA) 7 $2,315,000 $330,714 $11,435 5.06%
CLEVELAND, TN (FHA|USDA|VA) 9 $2,255,000 $250,556 $10,103 5.46%
Ashland, OH (FHA|USDA|VA) 12 $2,240,000 $186,667 $6,794 5.52%
Zanesville, OH (FHA|USDA|VA) 12 $2,230,000 $185,833 $6,010 5.35%
Ashtabula, OH (FHA|USDA|VA) 14 $2,180,000 $155,714 $7,234 5.90%
JACKSON, TN (FHA|USDA|VA) 11 $2,175,000 $197,727 $7,235 5.39%
PANAMA CITY, FL (FHA|USDA|VA) 2 $2,070,000 $1,035,000 $0 5.33%
BLOOMINGTON, IN (FHA|USDA|VA) 8 $1,990,000 $248,750 $6,687 5.17%
Mount Vernon, OH (FHA|USDA|VA) 11 $1,975,000 $179,545 $6,585 5.43%
Madison, IN (FHA|USDA|VA) 9 $1,875,000 $208,333 $7,220 5.48%
Sidney, OH (FHA|USDA|VA) 8 $1,860,000 $232,500 $6,568 5.22%
SPRINGFIELD, OH (FHA|USDA|VA) 7 $1,615,000 $230,714 $9,066 5.51%
Auburn, IN (FHA|USDA|VA) 4 $1,600,000 $400,000 $8,027 5.10%
Coshocton, OH (FHA|USDA|VA) 6 $1,530,000 $255,000 $6,931 5.28%
Portsmouth, OH (FHA|USDA|VA) 7 $1,495,000 $213,571 $7,978 4.99%
Bluffton, IN (FHA|USDA|VA) 7 $1,485,000 $212,143 $5,626 5.14%
Greenville, OH (FHA|USDA|VA) 7 $1,405,000 $200,714 $6,016 5.68%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 6 $1,290,000 $215,000 $7,621 5.60%
MANSFIELD, OH (FHA|USDA|VA) 5 $1,265,000 $253,000 $7,141 5.11%
Warsaw, IN (FHA|USDA|VA) 6 $1,260,000 $210,000 $6,267 5.03%
Kendallville, IN (FHA|USDA|VA) 8 $1,230,000 $153,750 $4,464 5.14%
Madisonville, KY (FHA|USDA|VA) 4 $1,230,000 $307,500 $8,926 5.36%
TOLEDO, OH (FHA|USDA|VA) 6 $1,200,000 $200,000 $11,580 5.02%
Peru, IN (FHA|USDA|VA) 4 $1,190,000 $297,500 $5,852 5.21%
Greensburg, IN (FHA|USDA|VA) 4 $1,170,000 $292,500 $6,750 4.99%
Mount Sterling, KY (FHA|USDA|VA) 6 $1,150,000 $191,667 $7,074 5.28%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 7 $1,135,000 $162,143 $5,678 5.33%
Urbana, OH (FHA|USDA|VA) 7 $1,115,000 $159,286 $6,075 4.95%
Seymour, IN (FHA|USDA|VA) 4 $1,090,000 $272,500 $7,492 4.95%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $1,040,000 $520,000 $0 6.25%
Crawfordsville, IN (FHA|USDA|VA) 6 $1,040,000 $173,333 $4,945 5.64%
Plymouth, IN (FHA|USDA|VA) 7 $1,035,000 $147,857 $5,762 5.45%
McMinnville, TN (FHA|USDA|VA) 3 $1,015,000 $338,333 $8,705 5.12%
Scottsburg, IN (FHA|USDA|VA) 5 $1,015,000 $203,000 $6,999 5.18%
Wilmington, OH (FHA|USDA|VA) 4 $1,000,000 $250,000 $7,454 5.04%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $965,000 $965,000 $12,450 4.15%
Sandusky, OH (FHA|USDA|VA) 5 $955,000 $191,000 $7,667 5.29%
North Vernon, IN (FHA|USDA|VA) 4 $950,000 $237,500 $8,088 5.56%
Marion, IN (FHA|USDA|VA) 4 $950,000 $237,500 $5,801 5.44%
Frankfort, KY (FHA|USDA|VA) 5 $945,000 $189,000 $5,779 5.16%
BOWLING GREEN, KY (FHA|USDA|VA) 5 $945,000 $189,000 $5,589 5.67%
MUNCIE, IN (FHA|USDA|VA) 5 $925,000 $185,000 $6,462 5.38%
Newport, TN (FHA|USDA|VA) 4 $890,000 $222,500 $8,778 5.43%
Marietta, OH (FHA|USDA|VA) 4 $870,000 $217,500 $7,701 5.16%
Glasgow, KY (FHA|USDA|VA) 6 $870,000 $145,000 $5,721 5.23%
Bedford, IN (FHA|USDA|VA) 2 $860,000 $430,000 $8,535 5.63%
Paris, TN (FHA|USDA|VA) 6 $840,000 $140,000 $8,077 5.38%
Maysville, KY (FHA|USDA|VA) 4 $830,000 $207,500 $8,034 5.01%
Decatur, IN (FHA|USDA|VA) 3 $795,000 $265,000 $6,154 5.38%
Point Pleasant, WV-OH (FHA|USDA|VA) 5 $785,000 $157,000 $4,885 5.30%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 4 $780,000 $195,000 $17,962 4.90%
Logansport, IN (FHA|USDA|VA) 3 $775,000 $258,333 $10,768 5.28%
Richmond, IN (FHA|USDA|VA) 4 $760,000 $190,000 $5,864 5.56%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 5 $725,000 $145,000 $4,715 5.31%
Vincennes, IN (FHA|USDA|VA) 3 $685,000 $228,333 $9,060 5.27%
New Castle, IN (FHA|USDA|VA) 4 $680,000 $170,000 $6,341 5.33%
London, KY (FHA|USDA|VA) 8 $680,000 $85,000 $4,668 5.46%
Wapakoneta, OH (FHA|USDA|VA) 2 $660,000 $330,000 $9,450 5.15%
Washington, IN (FHA|USDA|VA) 5 $655,000 $131,000 $6,617 5.74%
Chillicothe, OH (FHA|USDA|VA) 4 $600,000 $150,000 $11,362 5.15%
Athens, TN (FHA|USDA|VA) 4 $600,000 $150,000 $6,485 5.66%
Angola, IN (FHA|USDA|VA) 2 $560,000 $280,000 $5,223 5.70%
Fremont, OH (FHA|USDA|VA) 2 $520,000 $260,000 $4,586 5.28%
Campbellsville, KY (FHA|USDA|VA) 5 $495,000 $99,000 $4,693 5.51%
Norwalk, OH (FHA|USDA|VA) 3 $495,000 $165,000 $0 5.02%
Wabash, IN (FHA|USDA|VA) 2 $480,000 $240,000 $0 4.95%
Marion, OH (FHA|USDA|VA) 2 $460,000 $230,000 $6,706 5.23%
Martin, TN (FHA|USDA|VA) 3 $455,000 $151,667 $9,955 5.57%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $435,000 $435,000 $19,869 5.00%
Danville, KY (FHA|USDA|VA) 2 $420,000 $210,000 $3,600 5.18%
Jackson, OH (FHA|USDA|VA) 3 $385,000 $128,333 $3,903 5.83%
Jasper, IN (FHA|USDA|VA) 2 $360,000 $180,000 $8,459 5.08%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 2 $360,000 $180,000 $9,960 5.70%
Athens, OH (FHA|USDA|VA) 2 $340,000 $170,000 $6,747 5.25%
Dayton, TN (FHA|USDA|VA) 1 $335,000 $335,000 $0 4.75%
Somerset, KY (FHA|USDA|VA) 4 $330,000 $82,500 $2,349 5.55%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $265,000 $265,000 $9,562 5.45%
Huntington, IN (FHA|USDA|VA) 1 $255,000 $255,000 $7,685 5.70%
LIMA, OH (FHA|USDA|VA) 2 $240,000 $120,000 $7,430 5.95%
Union City, TN (FHA|USDA|VA) 2 $240,000 $120,000 $7,955 5.20%
Celina, OH (FHA|USDA|VA) 2 $240,000 $120,000 $0 5.68%
Tiffin, OH (FHA|USDA|VA) 1 $225,000 $225,000 $9,450 5.35%
Defiance, OH (FHA|USDA|VA) 1 $205,000 $205,000 $7,633 5.00%
CARBONDALE-MARION, IL (FHA|USDA|VA) 2 $180,000 $90,000 $0 5.10%
Dyersburg, TN (FHA|USDA|VA) 3 $175,000 $58,333 $0 5.72%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,084 4.85%
Connersville, IN (FHA|USDA|VA) 1 $155,000 $155,000 $4,057 5.85%
Brownsville, TN (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.15%
Frankfort, IN (FHA|USDA|VA) 2 $130,000 $65,000 $4,246 5.38%
Washington Court House, OH (FHA|USDA|VA) 1 $125,000 $125,000 $4,739 5.00%
Van Wert, OH (FHA|USDA|VA) 1 $85,000 $85,000 $2,050 5.45%
Charleston-Mattoon, IL (FHA|USDA|VA) 1 $45,000 $45,000 $3,624 4.60%
Farm Credit Mid-america Aca's top markets include Nashville, Indianapolis, Cincinnati, Columbus, and Cleveland among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Farm Credit Mid-America ACA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Kingsport Press Credit Union
    Similarity Rank: 10
    CONSUMER Credit Union
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    Terre Haute Savings Bank
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    ISU Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,816 $435,660,000 $239,901 $7,603 5.30%
    HELOC 178 $14,250,000 $80,056 n/a 5.38%

    For 2018, Farm Credit Mid-america Aca's most frequently originated type of loan was Conventional, with 1,816 originations. Their 2nd most popular type was HELOC, with 178 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,378 $337,430,000 $244,869 $7,899 5.30%
    Refi 378 $87,920,000 $232,593 $7,037 5.26%
    Home Improvement 221 $22,225,000 $100,566 $4,666 5.36%
    Cash Out Refi 11 $1,315,000 $119,545 $8,051 6.23%
    NA 5 $395,000 $79,000 $0 6.74%
    Other 1 $625,000 $625,000 $9,471 4.50%

    For 2018, Farm Credit Mid-america Aca's most frequently cited loan purpose was Home Purchase, with 1,378 originations. The 2nd most popular reason was Refi, with 378 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,240 $322,680,000 $260,226 $8,159 5.23%
    10 Year 262 $22,940,000 $87,557 $5,234 5.43%
    15 Year 238 $39,770,000 $167,101 $5,806 5.47%
    20 Year 137 $29,475,000 $215,146 $6,959 5.38%
    Other 99 $32,075,000 $323,990 $7,820 5.46%
    30+ year 15 $2,705,000 $180,333 $5,761 5.24%
    5 Year 2 $140,000 $70,000 $3,258 4.93%
    1 Year 1 $125,000 $125,000 $0 5.35%

    For 2018, Farm Credit Mid-america Aca's most frequently cited loan duration was 30 Year, with 1,240 originations. The 2nd most popular length was 10 Year, with 262 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 425 $179,125,000 $421,471
    $2k-3k 368 $58,370,000 $158,614
    $3k-4k 336 $76,460,000 $227,560
    $1k-2k 269 $30,565,000 $113,625
    $4k-5k 223 $63,525,000 $284,865
    $<1k 99 $6,985,000 $70,556

    Farm Credit Mid-america Aca's average total fees were $8,159, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 425 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 1,166 $241,390,000 $207,024
    4-5% 635 $180,085,000 $283,598
    6-7% 168 $24,470,000 $145,655
    7-8% 16 $1,030,000 $64,375
    3-4% 6 $2,800,000 $466,667
    Over 8% 3 $135,000 $45,000

    During 2018, Farm Credit Mid-america Aca's average interest rate for loans was 5.23%, while their most frequently originated rate bucket for loans was 5-6%, with 1,166 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 694 $193,320,000 $278,559 $8,555 5.21%
    $100k-200k 602 $88,200,000 $146,512 $6,086 5.37%
    $100,000 or less 459 $27,775,000 $60,512 $3,846 5.52%
    $400k-600k 161 $76,185,000 $473,199 $12,166 5.08%
    $600k-1MM 66 $47,240,000 $715,758 $15,080 5.00%
    $1MM+ 12 $17,190,000 $1,432,500 $18,451 4.70%

    2018 saw Farm Credit Mid-america Aca place emphasis on $200k-400k loans with 694 originations, totaling $193,320,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 566 $124,780,000 $220,459 $7,743 5.30%
    $75k-100k 386 $70,270,000 $182,047 $6,874 5.28%
    $150k-250k 376 $112,740,000 $299,840 $8,944 5.26%
    $50k-75k 315 $44,885,000 $142,492 $5,982 5.39%
    $250k+ 198 $79,630,000 $402,172 $10,720 5.21%
    $50k or less 146 $13,400,000 $91,781 $4,989 5.49%

    Farm Credit Mid-america Aca lent most frequently to those with incomes in the $100k-150k range, with 566 originations. The second most popular income band? $75k-100k, with 386 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 552 $109,010,000 $197,482 $7,220 5.26%
    30-36% 484 $113,020,000 $233,512 $7,812 5.30%
    <20% 171 $26,135,000 $152,836 $6,014 5.24%
    36% 80 $19,360,000 $242,000 $7,831 5.28%
    37% 59 $12,875,000 $218,220 $8,258 5.36%
    39% 33 $10,485,000 $317,727 $9,110 5.18%
    38% 29 $6,235,000 $215,000 $8,106 5.17%
    40% 18 $4,450,000 $247,222 $8,191 5.26%
    42% 14 $4,450,000 $317,857 $8,768 4.99%
    41% 10 $1,970,000 $197,000 $7,874 5.27%
    >60% 8 $5,230,000 $653,750 $9,781 4.97%
    46% 7 $1,335,000 $190,714 $7,073 5.24%
    48% 7 $2,015,000 $287,857 $7,548 5.59%
    43% 6 $1,250,000 $208,333 $6,530 5.27%
    45% 6 $2,360,000 $393,333 $17,403 5.23%
    50-60% 6 $1,630,000 $271,667 $6,293 5.64%
    44% 5 $1,485,000 $297,000 $10,715 5.26%
    49% 3 $785,000 $261,667 $6,092 5.27%
    47% 3 $805,000 $268,333 $8,691 5.20%

    Farm Credit Mid-america Aca lent most frequently to those with DTI ratios of 20-30%, with 552 originations. The next most common DTI ratio? 30-36%, with 484 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,709 $378,125,000 $221,255 $7,541 5.29%
    Not provided 258 $62,380,000 $241,783 $7,963 5.43%
    Not applicable 5 $3,815,000 $763,000 $0 6.16%
    American Indian 9 $2,325,000 $258,333 $6,836 5.49%
    Asian 4 $1,420,000 $355,000 $7,109 4.91%
    Native Hawaiian or Islander 4 $760,000 $190,000 $9,580 6.00%
    Black 3 $635,000 $211,667 $8,075 5.67%
    Samoan 2 $450,000 $225,000 $5,344 4.75%

    Approval Rates

    Total approvals of all applications
    84.81%

    Farm Credit Mid-america Aca has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    42.18%

    Farm Credit Mid-america Aca 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
    NA 1,994 $449,910,000 $225,632

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $3,770,000 $1,885,000
    Single Family (1-4 Units):Manufactured 93 $15,675,000 $168,548
    Single Family (1-4 Units):Site-Built 1,899 $430,465,000 $226,680

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 282 $39,350,000 $139,539 $5,922 5.42%
    40-60% 275 $56,245,000 $204,527 $6,860 5.34%
    60-80% 677 $177,045,000 $261,514 $8,234 5.28%
    80-100% 555 $158,235,000 $285,108 $8,580 5.23%
    Over 100% 1 $345,000 $345,000 $31,111 4.85%
    Under 20% 201 $17,585,000 $87,488 $3,839 5.43%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FRANKLIN AMERICAN MORTGAGE CO. Conventional home mortgage Closing on a mortgage 1 3.3%
    FRANKLIN AMERICAN MORTGAGE CO. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.3%
    FRANKLIN AMERICAN MORTGAGE CO. Conventional home mortgage Struggling to pay mortgage 1 3.3%
    FRANKLIN AMERICAN MORTGAGE CO. Conventional home mortgage Trouble during payment process 18 60.0%
    FRANKLIN AMERICAN MORTGAGE CO. FHA mortgage Struggling to pay mortgage 1 3.3%
    FRANKLIN AMERICAN MORTGAGE CO. FHA mortgage Trouble during payment process 1 3.3%
    FRANKLIN AMERICAN MORTGAGE CO. Other type of mortgage Struggling to pay mortgage 1 3.3%
    FRANKLIN AMERICAN MORTGAGE CO. Other type of mortgage Trouble during payment process 3 10.0%
    FRANKLIN AMERICAN MORTGAGE CO. VA mortgage Struggling to pay mortgage 1 3.3%
    FRANKLIN AMERICAN MORTGAGE CO. VA mortgage Trouble during payment process 2 6.7%